Question 12 Tries remaining: 2 Points out of 8.33 A price-searcher firm wants to try a...
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 11 Suppose that a price-searcher firm had consumers who were all identical to each other. The individual consumer's demand function is given by: qp- 40 -3P. The firm decides to try a second-degree price discrimination scheme. The first 18 units will have a price of $7.33. After that, any units a consumer purchases will be only $2.33. The firm has a constant marginal cost of $1.33 per unit. Calculate the consumer surplus. Tries remaining:2 Points out of 8.33 Flag...
Suppose that a price-searcher firm was going to use a first degree price discrimination strategy. The demand for their product is given by: Qp= 170-P. The firm has a constant marginal cost of $21.00 per unit. Calculate the producer surplus the firm would earn from this strategy. (Do not include a "$" 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
Suppose that a price-searcher firm had consumers who were all identical to each other. The individual consumer's demand function is given by: p= 20 -5P. The firm decides to try a second-degree price discrimination scheme. The first 9 units will have a price of $2.20. After that, any units a consumer purchases will be only $1.40. The firm has a constant marginal cost of $0.20 per unit. Calculate the consumer surplus. (Do not include a "S" sign in your response....
Question 4Suppose that a price-searcher monopolist had a total cost function given by: TC 20+ 0.5Q +0.2Q. The demand Tries remaining: 2 Points out of 8.34Calculate the monopolist's producer surplus. P Flag question (Do not include a dollar sign in your response. Round to the nearest two decimals.) for the price searcher's product is given by: Q 100 -20P. Answer: Check
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...
28 1 point A firm with market power knows that an individual consumer has the following demand function: Q = 36 - 4P where Q stands for the quantity demanded by one consumer and P stands for the price. Suppose all customers are identical. The cost function for the firm C = 70 What is the optimal amount of this product to package in a single block? 04 O 8 O . O 7 O 3 29 1 point A...
Question 7 Tries remaining: 2 Points out of 6.2 P Flag question Suppose a profit-maximizing price taker had a marginal cost function given by: MC 10 +2q. Calculate the producer surplus the firm would earn when the price is $50. (Do not include a $sign in your response. Round to the nearest 2 decimal places if necessary.) Answer: Check