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Questionmark Perception - 7. Optimisation - 1904760 7. Optimisation 1 of 1 A firm faces demand...
the firm faces a constant price (P) of $60 A firm in a perfectly competitive market...
the
firm faces a constant price (P) of $60
A firm in a perfectly competitive market sells all its product (Q) at a constant price (P) of $60. Suppose the total cost function (TC) for this firm is described by the following equation: 2 3 TC(Q) = 128 + 69Q - 140 + Q (a)Form the profit function and determine the output that maximizes the firm's profit. Evaluate the second order condition to assure that profit is maximized at this...
I would like to get solution for the following question FIUUICII 4.1. The demand functions for...
I would like to get solution for the following question
FIUUICII 4.1. The demand functions for a firm's domestic and foreign markets are P1 = 300 - 504 P2 = 350 - 7Q2 and the total cost function is TC = 150 + 10Q, where Q=Q, +Qy. Determine the price nee P=165.40 (Do not round until the final answer. Then round to two decimal places as needed.) 7 of 9 re: 0 of 10 pts Problem 4.7.3 The demand functions...
Determine the profit-maximizing prices when a firm faces two markets where the inverse demand curves are...
Determine the profit-maximizing prices when a firm faces two markets where the inverse demand curves are Market A: Pa=80-2Qa where demand is less elastic, and Market B: Pb=60-1Qb where demand is more elastic, and Marginal Cost = m=40 for both markets. For Market A Pa= $___ For Market B Pb = $___
Two firms are producing identical goods in a market characterized by the inverse demand curve P...
Two firms are producing identical goods in a market characterized by the inverse demand curve P = 120 – 4Q, where Q is the sum of Firm 1's and Firm 2's output, q1 + q2. Each firm's marginal cost is constant at $20. Graph the reaction function for each firm and indicate the Nash equilibrium.
Suppose two firms (Firm 1 and Firm 2) are producing a product. The total demand is:...
Suppose two firms (Firm 1 and Firm 2) are producing a product. The total demand is: Q = 110 –10P, where Q = Q1 + Q2. Each of the two firms has the cost function TC = 5Q. Based on the information given, calculate the equilibrium P, Q, Q1, Q2, Profit1 and Profit2 under monopoly (collusion), Cournot, and Stackelberg. For the Stackelberg model, assume that Firm 1 is the leader and Firm 2 is the follower. Show all your workings...
A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost...
A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost of Mc1 -S20. Firm 2s constant marginal cost is MC2 $40. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium The collusive equilibrium occurs where q, equals and q2 equals (Enter numeric responses using real numbers rounded to two decimal places) Market output is The collusive equilibrium price is S The...
4. A monopolist faces a market demand defined by P 20. There are no fixed costs. 100 (1/5)Q. Her ...
4. A monopolist faces a market demand defined by P 20. There are no fixed costs. 100 (1/5)Q. Her marginal cost is given by MC (a) Graph the market demand, the marginal revenue curve and the marginal cost curve, labeling the intercepts. (5 marks) (b) Calculate the monopolist's profit-maximizing price, output and profit. (5 marks) (c) Suppose that this market can now be divided into two separate markets and the supplier can discriminate between them. The demand curves are given...
3. A monopolist sells in two markets and can price discriminate between them The demand curves for the two markets are: Pl 8-1 and P2 10-92 The firm's total cost is tc = 5-41 + g2). The firm has...
3. A monopolist sells in two markets and can price discriminate between them The demand curves for the two markets are: Pl 8-1 and P2 10-92 The firm's total cost is tc = 5-41 + g2). The firm has a production capacity constraint of qi +q2 S 3. The firm's objective is to maximise profit subject to the capacity constraint and the requirement that qı, q2 2 0. (i) Write the firm's profit as a function of qı and q2....
1) A monopolist firm sells its output in two regions: Califomia and Florida. The demand curves...
1) A monopolist firm sells its output in two regions: Califomia and Florida. The demand curves for each market are QF15-PF OF and Qc are measured in 1000s of units, so you may get decimal values for Q. If P-$10 and Q-1, the profit of S10 that you calculate is actually $10,000). Qc 12.5 - 2 Pc The monopoly's cost function is C 5+3Q5+3(QF+Qc) First, we'll assume that the monopoly can only charge one price in both markets. a) Calculate...
(1)A firm in a perfectly competitive market sells all its product (Q) at a constant price...
(1)A firm in a perfectly competitive market sells all its product (Q) at a constant price (P) of $60. Suppose the total cost function (TC) for this firm is described by the following equation: 2 3 Q TC(Q) = 128 +690-140 (a)Form the profit function and determine the output that maximizes the firm's profit. Evaluate the second order condition to assure that profit is maximized at this level of output. (b)Derive the marginal revenue (MR) and the marginal cost(MC). Graph...
the
firm faces a constant price (P) of $60
A firm in a perfectly competitive market sells all its product (Q) at a constant price (P) of $60. Suppose the total cost function (TC) for this firm is described by the following equation: 2 3 TC(Q) = 128 + 69Q - 140 + Q (a)Form the profit function and determine the output that maximizes the firm's profit. Evaluate the second order condition to assure that profit is maximized at this...
I would like to get solution for the following question
FIUUICII 4.1. The demand functions for a firm's domestic and foreign markets are P1 = 300 - 504 P2 = 350 - 7Q2 and the total cost function is TC = 150 + 10Q, where Q=Q, +Qy. Determine the price nee P=165.40 (Do not round until the final answer. Then round to two decimal places as needed.) 7 of 9 re: 0 of 10 pts Problem 4.7.3 The demand functions...
A duopoly faces a market demand of p 180-Q. Firm 1 has a constant marginal cost of Mc1 -S20. Firm 2s constant marginal cost is MC2 $40. Calculate the output of each firm, market output, and price if there is (a) a collusive equilibrium or (b) a Cournot equilibrium The collusive equilibrium occurs where q, equals and q2 equals (Enter numeric responses using real numbers rounded to two decimal places) Market output is The collusive equilibrium price is S The...
4. A monopolist faces a market demand defined by P 20. There are no fixed costs. 100 (1/5)Q. Her marginal cost is given by MC (a) Graph the market demand, the marginal revenue curve and the marginal cost curve, labeling the intercepts. (5 marks) (b) Calculate the monopolist's profit-maximizing price, output and profit. (5 marks) (c) Suppose that this market can now be divided into two separate markets and the supplier can discriminate between them. The demand curves are given...
3. A monopolist sells in two markets and can price discriminate between them The demand curves for the two markets are: Pl 8-1 and P2 10-92 The firm's total cost is tc = 5-41 + g2). The firm has a production capacity constraint of qi +q2 S 3. The firm's objective is to maximise profit subject to the capacity constraint and the requirement that qı, q2 2 0. (i) Write the firm's profit as a function of qı and q2....
1) A monopolist firm sells its output in two regions: Califomia and Florida. The demand curves for each market are QF15-PF OF and Qc are measured in 1000s of units, so you may get decimal values for Q. If P-$10 and Q-1, the profit of S10 that you calculate is actually $10,000). Qc 12.5 - 2 Pc The monopoly's cost function is C 5+3Q5+3(QF+Qc) First, we'll assume that the monopoly can only charge one price in both markets. a) Calculate...
(1)A firm in a perfectly competitive market sells all its product (Q) at a constant price (P) of $60. Suppose the total cost function (TC) for this firm is described by the following equation: 2 3 Q TC(Q) = 128 +690-140 (a)Form the profit function and determine the output that maximizes the firm's profit. Evaluate the second order condition to assure that profit is maximized at this level of output. (b)Derive the marginal revenue (MR) and the marginal cost(MC). Graph...
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