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Question 7 Tries remaining: 2 Points out of 6.2 P Flag question Suppose a profit-maximizing price...
Question 11 Tries remaining: 2 Points out of 8.33 P Flag question Suppose that a price-searcher...
Question 11 Tries remaining: 2 Points out of 8.33 P Flag question Suppose that a price-searcher firm had consumers who were all identical to each other. The individual consumer's demand function is givenby: 10 -5P. The firm decides to try a second-degree price discrimination scheme. The first 2 units will have a price of $1.60. After that, any units a consumer purchases will be only $1.20. The firm has a constant marginal cost of $1.00 per unit. Calculate the consumer...
Question 9 Tries remaining: 2 their product is given by: Q Points out of 8.33 Suppose...
Question 9 Tries remaining: 2 their product is given by: Q Points out of 8.33 Suppose that a price-searcher firm was going to use a first degree price discrimination strategy. The demand for 310 -2P. The firm has a constant marginal cost of $25.00 per unit. Calculate the producer surplus the firm would earn from this strategy Flag question(Do not include a "$" sign in your response. Round to the nearest two decimal places if necessary) Answer: Check
Question 5 Tries remaining: 2 Points out of 10.00 Suppose you own an acre of land....
Question 5 Tries remaining: 2 Points out of 10.00 Suppose you own an acre of land. You could grow crops on that land. The cost of seeds is $100. The crops you grow from those seeds will sell for $350. You could also rent the land to another farmer. The rent you could earn is $300. Calculate your economic profit. (Do not include a $ sign in your answer.) Flag question Answer: Check Question 6 Tries remaining: 2 Points out...
Question 16 Tries remaining: 2 Points out of 6.25 Suppose there was an industry with 5...
Question 16 Tries remaining: 2 Points out of 6.25 Suppose there was an industry with 5 identical firms with marginal cost given by: MC- 10 + 2.5q. Use horizontal summation to find the total supply function for this industry. Fill in the blanks below. Flag question (Round to the nearest two decimal places if necessary. You will not need to include a negative sign in your response.,) Check
Question 12 Tries remaining: 2 Points out of 8.33 A price-searcher firm wants to try a...
Question 12 Tries remaining: 2 Points out of 8.33 A price-searcher firm wants to try a two-part tariff. The firm's marginal cost is a constant $10 and it will charge that as the per unit price. To complicate things, the firm has two different groups of consumers. There are 10 consumers who have a demand function given by: qp-16-0.5P. There are also 40 consumers who have a demand function given by: qp-8-0.25P Flag question If the firm charges a fee...
2 Question 2 Tries remaining: 2and the price of a unit of paper is $109. Calculate...
2 Question 2 Tries remaining: 2and the price of a unit of paper is $109. Calculate the profit-maximizing quantity of paper. Points out of 6.25 (Round to the nearest two decimal places if necessary.) Suppose that paper factory had a total cost function given by: TC 588 +q+3q. The paper factory is a price taker Flag question Answer: Check
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Q 220 -P. The supply of jackets is given by: Qs- 10P -770 Suppose the price was $195 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Qp- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of...
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. The demand for wheat is given by: Q- 186-0.4P. The supply of wheat is given by: Qs- 3P -120. Suppose the Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 3 Tries remaining: 2 for the price searcher's product is given by: 100-20P Points out...
Question 3 Tries remaining: 2 for the price searcher's product is given by: 100-20P Points out of 8.34 Calculate the price the monopolist will charge. P Flag question (Do not include a dollar sign in your response. Round to the nearest two decimals.) Suppose that a price-searcher monopolist had a total cost function given by: TC= 20 + 0.5Q +0.2a. The demand Answer: Check
Question 11 Tries remaining: 2 Points out of 8.33 P Flag question Suppose that a price-searcher firm had consumers who were all identical to each other. The individual consumer's demand function is givenby: 10 -5P. The firm decides to try a second-degree price discrimination scheme. The first 2 units will have a price of $1.60. After that, any units a consumer purchases will be only $1.20. The firm has a constant marginal cost of $1.00 per unit. Calculate the consumer...
Question 9 Tries remaining: 2 their product is given by: Q Points out of 8.33 Suppose that a price-searcher firm was going to use a first degree price discrimination strategy. The demand for 310 -2P. The firm has a constant marginal cost of $25.00 per unit. Calculate the producer surplus the firm would earn from this strategy Flag question(Do not include a "$" sign in your response. Round to the nearest two decimal places if necessary) Answer: Check
Question 5 Tries remaining: 2 Points out of 10.00 Suppose you own an acre of land. You could grow crops on that land. The cost of seeds is $100. The crops you grow from those seeds will sell for $350. You could also rent the land to another farmer. The rent you could earn is $300. Calculate your economic profit. (Do not include a $ sign in your answer.) Flag question Answer: Check Question 6 Tries remaining: 2 Points out...
Question 16 Tries remaining: 2 Points out of 6.25 Suppose there was an industry with 5 identical firms with marginal cost given by: MC- 10 + 2.5q. Use horizontal summation to find the total supply function for this industry. Fill in the blanks below. Flag question (Round to the nearest two decimal places if necessary. You will not need to include a negative sign in your response.,) Check
Question 12 Tries remaining: 2 Points out of 8.33 A price-searcher firm wants to try a two-part tariff. The firm's marginal cost is a constant $10 and it will charge that as the per unit price. To complicate things, the firm has two different groups of consumers. There are 10 consumers who have a demand function given by: qp-16-0.5P. There are also 40 consumers who have a demand function given by: qp-8-0.25P Flag question If the firm charges a fee...
2 Question 2 Tries remaining: 2and the price of a unit of paper is $109. Calculate the profit-maximizing quantity of paper. Points out of 6.25 (Round to the nearest two decimal places if necessary.) Suppose that paper factory had a total cost function given by: TC 588 +q+3q. The paper factory is a price taker Flag question Answer: Check
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Q 220 -P. The supply of jackets is given by: Qs- 10P -770 Suppose the price was $195 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Qp- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. The demand for wheat is given by: Q- 186-0.4P. The supply of wheat is given by: Qs- 3P -120. Suppose the Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 3 Tries remaining: 2 for the price searcher's product is given by: 100-20P Points out of 8.34 Calculate the price the monopolist will charge. P Flag question (Do not include a dollar sign in your response. Round to the nearest two decimals.) Suppose that a price-searcher monopolist had a total cost function given by: TC= 20 + 0.5Q +0.2a. The demand Answer: Check
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