Suppose that a price-searcher firm was going to use a first degree price discrimination strategy. The...
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 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 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 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...
Suppose that a price-searcher firm had a demand function for its product given by: Qp= 200- 10P. Find the marginal revenue function. Fill in the blank below. MR = 20 - (Note that the negative sign has already been provided. You do not need to include it in your response. Round to the nearest two decimal places.) Check
Suppose that a price-searcher monopolist had a total cost function given by: TC= 10 + Q +0.1Q. The demand for the price searcher's product is given by: Qp= 50-10P. Calculate the price the monopolist will charge. (Do not include a dollar sign in your response. Round to the nearest two decimals.) Answer: Check
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 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
Suppose that a price-taker firm has a marginal cost function given by: MC 30+0.5q. The firm could join a cartel in its industry and agree to a quota of 5 units. The collusion drives the price of the good from $35.91 to $70.00. Calculate the producer surplus of this firm when they produce the quota. (Do not enter a "$" sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check