Questions
A monopoly sells good Q in two markets. The demands in these two markets are depicted...

A monopoly sells good Q in two markets. The demands in these two markets are depicted by the equations, ? = 10 − ? and ? = 18 − 3? . The goods for both markets are supplied from ##$$ the same factory with the marginal cost, $2.

a. (5 points) What is the profit-maximizing price-quantity combination in each market? What is the total profit? Assume a consumer in one market does not have access to the other market, i.e., (s)he can buy the good only in the market (s)he is in.

b. (8 points) Suppose now that the monopoly cannot price discriminate. What is the profit- maximizing price-quantity combination? What is the total profit? Show your answer on a diagram with proper labels. How many units of the good does the monopoly sell in each market?

c. (7 points) Suppose now, for the combined markets in part (b), the monopoly can perfectly price discriminate. What is the profit-maximizing price-quantity combination? What is the total profit?

In: Economics

Describe the key monetary and fiscal tools used by the government and RBA to control the...

Describe the key monetary and fiscal tools used by the government and RBA to control the demand of residential and commercial property. Illustrate with relevant examples and comment on the effectiveness of these tools.

In: Economics

What are some different methods through which terrorists can utilize technology to perpetrate a mass attack?...

What are some different methods through which terrorists can utilize technology to perpetrate a mass attack? Is there a way to prevent this issue, or is technology ever evolving to the point that

In: Economics

What is the “present value” of future returns and how does it relate to the “discount...

What is the “present value” of future returns and how does it relate to the “discount rate”?

How does the discount rate and present value calculation help to explain why young people are more likely to go to college than are older people?

In: Economics

Nowadays, Marketing became a dynamic and strategic domain that all organizations, from different sectors, apply to...

Nowadays, Marketing became a dynamic and strategic domain that all organizations, from different sectors, apply to their businesses. One of the characteristics of modern Marketing is the changing nature of customers and the shifts of their behaviour.

How the previous statement affects the Marketing activities considering the concept “Exchange”.

In: Economics

The concept of economic “goods” is used to explain how different societal needs are met. Explain...

The concept of economic “goods” is used to explain how different societal needs are met. Explain the concept and give examples that relate to infrastructure.

In: Economics

Find a current event article about some topic from chapter 14. This current event must be...

Find a current event article about some topic from chapter 14. This current event must be no older than 2 months. Here's what to do:

1) find your article

2) under the discussion for chapter 14 post a short summary of your article and explain how it fits in chapter 14 (Chapter 14 is all about global marketing. This chapter goes over some of the strategies used to market your company on a global scale).

Be sure to include your link or article Title so students can go read the article.

In: Economics

Why is it important that national statistics authorities regularly monitor and change the basket of goods...

Why is it important that national statistics authorities regularly monitor and change the basket of goods used to measure the CPI?

In: Economics

Draw a price setting and demand curve for a situation where the buyer sets the price....

  1. Draw a price setting and demand curve for a situation where the buyer sets the price. Explain what it shows.

  1. Draw a price ceiling and explain what it does. Be sure to include its effects on price and quantity.

  1. List at least 5 reasons why an industry or company would want to vertically integrate.

In: Economics

As an international observer, how convincing do you  think is China's peaceful rise? 500 words please

As an international observer, how convincing do you  think is China's peaceful rise?

500 words please

In: Economics

Suppose that the market demand for expensive steak dinners is given​ by: Q = 1,000−10P​, so...

Suppose that the market demand for expensive steak dinners is given​ by:

Q = 1,000−10P​,

so that the marginal revenue​ is:

MR = 100−0.2Q​,

where Q is the number of steak dinners per day and P is the price of a dinner. The marginal cost and average total cost are both constant and equal to ​$40 per dinner.

Suppose that there is only one firm in the market.

Suppose that a second firm that produces identical steaks and has identical costs enters the market and acts according to the Cournot oligopoly model.

The equilibrium price is?

The total equilibrium quantity is how many dinners?

Each​ firm's economic profit is?

In: Economics

How would the stock exchange co-operate with other associations/stockbrokers/ market makers and Stock Exchanges in other...

How would the stock exchange co-operate with other associations/stockbrokers/ market makers and Stock Exchanges in other countries, such that information is available to facilities for which it might likely be useful, to them or their clients

How would the exchange serve as a barometer of economic activity?

In: Economics

1. Suppose that firm B makes rugs and that its fixed costs are 10,000 per month....

1. Suppose that firm B makes rugs and that its fixed costs are 10,000 per month. The Average Variable cost is $100 per rug. Suppose that it get a price of $500 per rug. How many rugs does the firm have to sell to breakeven?

2.Draw a graph of a firm in perfect competition making a profit. Be sure to include the ATC,AVC, MC, and MR curves. Identify the quantity and price where they would maximize their profit. Show the area of the profit on the graph.

In: Economics

a) What are the assumptions about the competitor's reaction to the price changes underlying the shattered...

a) What are the assumptions about the competitor's reaction to the price changes underlying the shattered demand curve of the oligopoly?

(b) Why is there a break in the oligarch's marginal revenue curve?

(c) How does the model of the sloping demand curve explain the rigidity of prices in the oligopoly?

(d) What are the disadvantages of this model?

In: Economics

Do you think that the intellectual property laws on the network (worldwide network) will become less...

Do you think that the intellectual property laws on the network (worldwide network) will become less important??? Do you think that could be a problem??

In: Economics