Homework Answers
Add Answer to:
Question 3 Afirm has the following demand function Qd = 312 -P/2. Its average total cost...
Question 3 7 pts A firm has the following demand function: Qd = 312 - P/2....
Question 3 7 pts A firm has the following demand function: Qd = 312 - P/2. Its average total cost and marginal cost are constant at $92. 1. (1 point) What is the per-unit price the firm will charge if it uses two-part pricing? 2. (3 points) What is the profit-maximizing output if the firm uses two-part pricing? You must show your work to receive credit for this question. 3. (3 points) What is the firm's profit if it uses...
A monopoly firm faces the following demand curve: P = 25-2.5 QD. 1)Create the demand schedule...
A monopoly firm faces the following demand curve: P = 25-2.5 QD. 1)Create the demand schedule for the firm by increasing quantity demanded in increments of one unit. 2)Produce a table with the total revenue and marginal revenue for the output levels in increments of one unit. 3)If the firm’s marginal cost is constant at $12.50 per unit, what is the profit maximizing output and price? 4)What is the efficient quantity and price? 5)What is the value of the deadweight...
11 Question (5 points) Afirm sells liquid gold in a competitive market. The firm's cost function...
11 Question (5 points) Afirm sells liquid gold in a competitive market. The firm's cost function is c(y) = – 25.00y2 + 700y + 40,320, where y stands for the pounds of gold liquefied and sold by the firm. In the questions below, provide your answers to the nearest two decimals. 2nd attempt Part 1 (2 points) Feedback See Hint The postive level of output (pounds of liquid gold) at which the firm experiences the lowest possible marginal cost is...
Afirm's inverse demand function is P = 200 - 100. Its marginal cost and average total...
Afirm's inverse demand function is P = 200 - 100. Its marginal cost and average total cost are constant at $40. What price will the firm charge if it uses block pricing? $3,840 $1,920 $920 $2,420 $2,860
Question 8 3 pts Afirm has the following cost function: C (q) = 16 + 100q2...
Question 8 3 pts Afirm has the following cost function: C (q) = 16 + 100q2 What is the firm's shutdown point? OO O 0.4 04 O 10
Figure 4: A Firm P Marginal Cost 21 18 Average Total Cost 15 14 12 1...
Figure 4: A Firm P Marginal Cost 21 18 Average Total Cost 15 14 12 1 Marginal Revanue Demand > Q 0 30 40 50 60 d) (3 points) Assuming that this firm can not price discriminate, calculate this firm's profit (shade in and label the area on the graph representing the firms profit for partial credit if you cannot get a numerical answer.) e) (3 points) Assuming that this firm can not price discriminate, calculate the dead weight loss...
A monopolistically competitive firm has the following demand and total cost curves: Demand: P= 9 -0.25Q...
A monopolistically competitive firm has the following demand and total cost curves: Demand: P= 9 -0.25Q TC= 124 -16Q + Q2 a. Find the price and quantity that maximizes profits for the monopolistically competitive firm b. How much profits does the monopolistically competitive firm make at the profit-maximizing level of quantity? c. Explain the following: What adjustments do you expect to happen in the market in the long-run? What will happen to the demand curve of the firm (will it...
Question 2: A monopolistic firm produces goods in a market where the demand function is P...
Question 2: A monopolistic firm produces goods in a market where the demand function is P = 43 - 0.3Q and the corresponding total cost function is TC =0.0103 – 0.4Q2 +3Q (a) What can you say about the fixed costs of this firm? (b What can you say about the variable costs of this firm? (c) Find the (non-zero) output for which average cost is equal to marginal cost, and explain the significance of this value. (d Find the...
5. (15 points) The market demand function is (P)=18-P. The marginal cost is 3. Suppose there...
5. (15 points) The market demand function is (P)=18-P. The marginal cost is 3. Suppose there is no fixed cost. Alice and Bob are two firms in the market. (a) (5 points) If Bob produces 3 units, what is Alice's profit-maximizing quantity? (b) (10 points) Find the aggregate quantity and price in the Nash equilibrium of the duopoly market.
2 Monopoly (9 points) Silecro has a monopoly for silent velcro. Their demand is p 300-2Q and thei...
Please solve step by step so I can fully understand
the process. Thank you !
2 Monopoly (9 points) Silecro has a monopoly for silent velcro. Their demand is p 300-2Q and their cost is C(Q)- 1922 +60Q+Q2. (a) Find the profit-maximizing quantity and price. (2) (b) What fraction of the price is markup, what fraction is cost? (2) firm, HipStore?, sells indie music products: vinyl, concert tickets, merchandise etc. The bought up by a bands under contract only last...
Question 3 7 pts A firm has the following demand function: Qd = 312 - P/2. Its average total cost and marginal cost are constant at $92. 1. (1 point) What is the per-unit price the firm will charge if it uses two-part pricing? 2. (3 points) What is the profit-maximizing output if the firm uses two-part pricing? You must show your work to receive credit for this question. 3. (3 points) What is the firm's profit if it uses...
11 Question (5 points) Afirm sells liquid gold in a competitive market. The firm's cost function is c(y) = – 25.00y2 + 700y + 40,320, where y stands for the pounds of gold liquefied and sold by the firm. In the questions below, provide your answers to the nearest two decimals. 2nd attempt Part 1 (2 points) Feedback See Hint The postive level of output (pounds of liquid gold) at which the firm experiences the lowest possible marginal cost is...
Afirm's inverse demand function is P = 200 - 100. Its marginal cost and average total cost are constant at $40. What price will the firm charge if it uses block pricing? $3,840 $1,920 $920 $2,420 $2,860
Question 8 3 pts Afirm has the following cost function: C (q) = 16 + 100q2 What is the firm's shutdown point? OO O 0.4 04 O 10
Figure 4: A Firm P Marginal Cost 21 18 Average Total Cost 15 14 12 1 Marginal Revanue Demand > Q 0 30 40 50 60 d) (3 points) Assuming that this firm can not price discriminate, calculate this firm's profit (shade in and label the area on the graph representing the firms profit for partial credit if you cannot get a numerical answer.) e) (3 points) Assuming that this firm can not price discriminate, calculate the dead weight loss...
Question 2: A monopolistic firm produces goods in a market where the demand function is P = 43 - 0.3Q and the corresponding total cost function is TC =0.0103 – 0.4Q2 +3Q (a) What can you say about the fixed costs of this firm? (b What can you say about the variable costs of this firm? (c) Find the (non-zero) output for which average cost is equal to marginal cost, and explain the significance of this value. (d Find the...
5. (15 points) The market demand function is (P)=18-P. The marginal cost is 3. Suppose there is no fixed cost. Alice and Bob are two firms in the market. (a) (5 points) If Bob produces 3 units, what is Alice's profit-maximizing quantity? (b) (10 points) Find the aggregate quantity and price in the Nash equilibrium of the duopoly market.
Please solve step by step so I can fully understand
the process. Thank you !
2 Monopoly (9 points) Silecro has a monopoly for silent velcro. Their demand is p 300-2Q and their cost is C(Q)- 1922 +60Q+Q2. (a) Find the profit-maximizing quantity and price. (2) (b) What fraction of the price is markup, what fraction is cost? (2) firm, HipStore?, sells indie music products: vinyl, concert tickets, merchandise etc. The bought up by a bands under contract only last...
Most questions answered within 3 hours.
-
1- What are 5 general characteristics of Botticelli’s
paintings?
2- Describe 5 important traits of Flemish...
asked 8 minutes ago -
A golfer claims that his average golf score at the course he
plays regularly is less...
asked 23 minutes ago -
On May 1, First Bank perfected a security interest in Debtor’s
inventory. On June 1, Bob...
asked 1 hour ago -
A new kind of typhoid shot is being developed by a medical
research team. The old...
asked 2 hours ago -
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 4 hours ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 5 hours ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 7 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 7 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 7 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 8 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 8 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 8 hours ago