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Hello, I have a question listed below. Thank you so much for
your help in advance....
Hello, could you solve Question3 - Part 3 (the third question) please, Thank you very much!...
Hello, could you solve
Question3 - Part 3 (the third question) please, Thank you very
much!
Question 3 A monopolist can produce at a constant average and marginal cost of ATC- MC demand demand curve given by Q-53-P. $5. It faces a market 1. Calculate the profit maximizing price and quantity for this monopolist. Also calculte its profits. 2. Suppose a secod firm enters the market. Let Q1 be the output of the first firm and Q2 be the output...
PART VI. Problems. Solve the following problems. Please show your work, especially how you calculate a)...
PART VI. Problems. Solve the following problems. Please show your work, especially how you calculate a) marginal revenue, the b) profit maximizing quantity and price, c) the Cournot reaction function [best response functions) and the Stackelberg model. (3 points for each problem.) 33. A regulated monopoly faces the following demand for its product, P = 68 - 4Q, and has a marginal cost of MC = 20. Q is the quantity sold and P is the price. a. Under regulation,...
Cournot Equillibrium Why is the Cournot equilibrium an equilibrium? O A. Given the other firm's level...
Cournot Equillibrium
Why is the Cournot equilibrium an equilibrium? O A. Given the other firm's level of production, both firms are maximizing profits and cannot improve their situation by u O B. Both firms operate at minimum long-run average cost under a Cournot equilibrium, so changes to output would reduce long-run profits O c. Both firms operate at zero profit under a Cournot equilibrium, so they would face negative profits if they change output. O D. There are short-run barriers...
Hello, can you please help with the problem below, thank you in advance. The economy of...
Hello, can you please help with the problem below, thank you in
advance.
The economy of Tuland produces only two products shirts and cell phones. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. 2009 2010 200 210 Quantity of shirts Quantity of cell phones Price of shirts Price of cell phones 60 $10.00 $20.00 78 $12.00 $21.00 Using the above information, calculate the following values. (Enter your responses rounded to...
This is the FOURTH time I'm posting this question please post the full answer of ALL parts A,B,C,...
This is the FOURTH time I'm posting this question please post
the full answer of ALL parts A,B,C,D,E. If you can't ,allow
somebody else to do it.Thank you!
3. Two firms produce luxury sheepskin auto seat covers, Western Where (WW) and B.B.B. Sheep (BBBS). Each firm has a cost function given by: C()30q +1.5q. The markei demand for these soai covers is reprsenid by h inverse demand equation: p-300-30, where 9-+ total output a) Calculate the profit-maximizing price and quantity...
Can you please help me out with this problem? Thank you!!! A market demand function is...
Can you please help me out with this
problem? Thank you!!!
A market demand function is P= 100 - Q. MC = 40. Total revenues =P*Q = (100 - Q)*Q= 100Q – Q2. Therefore Marginal Revenue = dTR/dQ = 100 – 20. a. At P=MC, what is the price and quantity sold? b. What is the profit-maximizing price and quantity for a single firm? Imagine there are two identical firms, selling the same product and with the same MC =...
Hello, I'm asking for some help on these questions. Any help will be much appreciated. Thank...
Hello, I'm asking for some help on these questions. Any help will be much appreciated. Thank you! 1. A monopolist faces ________. A. a horizontal demand curve at the market price B. several close substitutes for its product or service C. a vertical demand curve D. the market demand curve 2. Marginal revenue is less than the price for a monopolist because ________. A. the firm sets the price B. a monopolist must lower its price to sell another unit...
Please explain in details with step by step solution, Thank you very much ) Assume a...
Please explain in details with step by step solution, Thank you
very much
) Assume a monopolist faces a market demand curve P 100 - 2Q and has the short-run total cost function C 640+20Q. i) What is the profit-maximizing level of output? What is the profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that (7 Marks) In Question f (i), what would price and output be if the firm priced at socially represents...
Please Help. Thank you very much. 1. A firm can buy inputs one and two at...
Please Help. Thank you very much.
1. A firm can buy inputs one and two at prices w and w2, and sells the resulting output in at a market price p. The production function is f(11,12)= + 5 1.1 Form the cost-minimization problem for this firm, find the contingent demand functions, and find the cost function for the firm. Using this cost function, maxi- mize py-C(wi, W2, y). 1.2 Formulate the profit maximization problem for this firm using the the...
I need step by step solution to the following this question asap .I have limited time...
I need step by step solution to the following this question asap
.I have limited time so please do it quickly with detailed
explanation
thanks in advance/Ha
Consider a market with 2 firms where the inverse demand function is given by p=56–24 , where q=9z+q2 . Each firm has a cost function given by c(qi)=8qi , where i={1,2}. a) Compare price level, quantities and profits in this market calculating the Cournot equilibrium and the Stackelberg equilibrium. Draw a graph with...
Hello, could you solve
Question3 - Part 3 (the third question) please, Thank you very
much!
Question 3 A monopolist can produce at a constant average and marginal cost of ATC- MC demand demand curve given by Q-53-P. $5. It faces a market 1. Calculate the profit maximizing price and quantity for this monopolist. Also calculte its profits. 2. Suppose a secod firm enters the market. Let Q1 be the output of the first firm and Q2 be the output...
PART VI. Problems. Solve the following problems. Please show your work, especially how you calculate a) marginal revenue, the b) profit maximizing quantity and price, c) the Cournot reaction function [best response functions) and the Stackelberg model. (3 points for each problem.) 33. A regulated monopoly faces the following demand for its product, P = 68 - 4Q, and has a marginal cost of MC = 20. Q is the quantity sold and P is the price. a. Under regulation,...
Cournot Equillibrium
Why is the Cournot equilibrium an equilibrium? O A. Given the other firm's level of production, both firms are maximizing profits and cannot improve their situation by u O B. Both firms operate at minimum long-run average cost under a Cournot equilibrium, so changes to output would reduce long-run profits O c. Both firms operate at zero profit under a Cournot equilibrium, so they would face negative profits if they change output. O D. There are short-run barriers...
Hello, can you please help with the problem below, thank you in
advance.
The economy of Tuland produces only two products shirts and cell phones. The following information is available for production and prices of Tuland's products for the years 2009 and 2010. 2009 2010 200 210 Quantity of shirts Quantity of cell phones Price of shirts Price of cell phones 60 $10.00 $20.00 78 $12.00 $21.00 Using the above information, calculate the following values. (Enter your responses rounded to...
This is the FOURTH time I'm posting this question please post
the full answer of ALL parts A,B,C,D,E. If you can't ,allow
somebody else to do it.Thank you!
3. Two firms produce luxury sheepskin auto seat covers, Western Where (WW) and B.B.B. Sheep (BBBS). Each firm has a cost function given by: C()30q +1.5q. The markei demand for these soai covers is reprsenid by h inverse demand equation: p-300-30, where 9-+ total output a) Calculate the profit-maximizing price and quantity...
Can you please help me out with this
problem? Thank you!!!
A market demand function is P= 100 - Q. MC = 40. Total revenues =P*Q = (100 - Q)*Q= 100Q – Q2. Therefore Marginal Revenue = dTR/dQ = 100 – 20. a. At P=MC, what is the price and quantity sold? b. What is the profit-maximizing price and quantity for a single firm? Imagine there are two identical firms, selling the same product and with the same MC =...
Please explain in details with step by step solution, Thank you
very much
) Assume a monopolist faces a market demand curve P 100 - 2Q and has the short-run total cost function C 640+20Q. i) What is the profit-maximizing level of output? What is the profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that (7 Marks) In Question f (i), what would price and output be if the firm priced at socially represents...
Please Help. Thank you very much.
1. A firm can buy inputs one and two at prices w and w2, and sells the resulting output in at a market price p. The production function is f(11,12)= + 5 1.1 Form the cost-minimization problem for this firm, find the contingent demand functions, and find the cost function for the firm. Using this cost function, maxi- mize py-C(wi, W2, y). 1.2 Formulate the profit maximization problem for this firm using the the...
I need step by step solution to the following this question asap
.I have limited time so please do it quickly with detailed
explanation
thanks in advance/Ha
Consider a market with 2 firms where the inverse demand function is given by p=56–24 , where q=9z+q2 . Each firm has a cost function given by c(qi)=8qi , where i={1,2}. a) Compare price level, quantities and profits in this market calculating the Cournot equilibrium and the Stackelberg equilibrium. Draw a graph with...
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