A monopolist can produce two products of X and Y from a single production procedure with...
A monopolist can produce two products of X and Y from a single production procedure with fixed proportion. (Q = QX = QY) The firm has marginal costs and revenues of MC = 12Q,
MRX = 54 – 6QX,
MRY = 126 – 12QY .
The producer should produce how many units?
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A monopolist can produce two products of X and Y from a single
production procedure with...
How does one solve this on exel and on word? u potn The Prime Company produces...
How does one solve this on exel and on word?
u potn The Prime Company produces two products, X and Y. They are produced jointly so for each X manufactured a unit of Y is also produced The joint cost tunction a TC 50 +2 Q+ 5Q2 where Q represents the number of joint units produced. Assume the company is a proft maximizer Create a spreadsheet with columns for Qx, y Px. Py. MRx. MRy. MOx, and MCy Put the...
1. Suppose that a single-price monopolist faces the demand function P 100 Q where I is...
1. Suppose that a single-price monopolist faces the demand function P 100 Q where I is average weekly household income, and that the firm's marginal cost function is given by MC(Q) 2Q. The firm has no fixed costs. = (a) If the average weekly household income is $600, find the firm's marginal revenue function. (b) What is the firm's profit-maximizing quantity of output? At what price will the firm sell that output? What will the firm's marginal cost be? (c)...
3. (Figure: Price-Discriminating Monopolist 2) The perfectly price-discriminating monopolist in this diagram will produce units of...
3. (Figure: Price-Discriminating Monopolist 2) The perfectly price-discriminating monopolist in this diagram will produce units of output, and a single price monopolist would produce units of output. Consumer surplus under a perfectly price discriminating monopolist is dollars less than under a single-price monopolist. While, perfect price discrimination results in reduced consumer surplus, it (increases/decreases) producer surplus and ultimately results in deadweight loss that is (less than/equal to greater than the amount of deadweight loss found in a perfectly competitive market....
Help solve problems from picture #2 (continuation of picture #1) A monopolist can produce at a...
Help solve problems from picture #2 (continuation of picture
#1)
A monopolist can produce at a constant average (and marginal) cost of It faces a market demand curve of Q.71-P Calculate the profit-maximizing price and quantity for this monopolist. Also calculate its profits The monopoly would produce 33 units of output at a price of $ 38 (Enter numeric responses using real numbers rounded to two decimal places,) In turn, the monopoly would eam profit of $ 1089 Suppose a...
1. A firm called SoderWerks is a monopolist in the production of a sophisticated electronic device...
1. A firm called SoderWerks is a monopolist in the production of a sophisticated electronic device used in the construction of military tanks. It faces monthly market demand that varies according to the equation Q = 510 - 0.1P, where P is the price per device in dollars. The firm earns marginal revenue according to the equation MR = 5100 - 200 and incurs marginal costs according to the function MC = 1800 + 2Q, where Q is the quantity...
3. Consider a monopolist facing two customer groups. The first has demand q1 = 50−2p1 and...
3. Consider a monopolist facing two customer groups. The first has demand q1 = 50−2p1 and the second has demand q2 = 60−p2. The firm has marginal cost MC(q) = q, where q = q1 +q2 is the total amount sold. (a) Suppose it could first degree price discriminate and charge the full willingness to pay for every unit. How many units does it sell to each group? (b) Suppose it can separate customers into the two groups (third degree...
Suppose that, assuming a firm decides to produce a product, it must build a production facility....
Suppose that, assuming a firm decides to produce a product, it must build a production facility. The fixed cost of this facility is F = 90. Also, the firm has constant marginal cost, MC = 5. Demand for the product that the firm produces is given by P = 40-5Q. a) On a single graph, carefully draw the MC curve, the demand curve, and the ATC curve. Your graph should go up to 8 units of output. Please label your...
A monopolist can produce at a constant average (and marginal) cost of AC MC 5 It...
A monopolist can produce at a constant average (and marginal) cost of AC MC 5 It faces a market demand curve of Q-71-P Calculate the profit-maximizing price and quantity for this monopolist. Also calculate its profits. The monopoly would produce units of output at a price of (Enter numeric responses using real numbers rounded to two decimal places.) In turn, the monopoly would earn profit of $ Suppose a second firm enters the market. Let Q1 be the output of...
1. (40 marks) Sylvania is a small open economy producing two products, X and Y, using...
1. (40 marks) Sylvania is a small open economy producing two products, X and Y, using two factors of production, capital and labour, under constant returns to scale. Capital is sector-specific, while labour is freely mobile between production sectors. Let Qx and Qy be the output quantities, Kx and Ky the capital endowments specific to the two sectors, and Lx and Ly the labour allocations to the two sectors subject to the constraint im- posed by the total endowment, namely...
1. Let the market demand curve be P=1000 - 10Q. Assume the market is controlled by...
1. Let the market demand curve be P=1000 - 10Q. Assume the market is controlled by a monopolist. Let fixed cost be $10,000 and Marginal Costs (MC)=20Q. a) What is the profit maximizing output? b) What is the monopolist's total revenue at the profit maximizing output? c) How much profit is the monopolist earning? d) Assume the government breaks up the monopolist in order to create a perfectly competitive market of identical firms. Assume the MC curve is now the...
How does one solve this on exel and on word?
u potn The Prime Company produces two products, X and Y. They are produced jointly so for each X manufactured a unit of Y is also produced The joint cost tunction a TC 50 +2 Q+ 5Q2 where Q represents the number of joint units produced. Assume the company is a proft maximizer Create a spreadsheet with columns for Qx, y Px. Py. MRx. MRy. MOx, and MCy Put the...
1. Suppose that a single-price monopolist faces the demand function P 100 Q where I is average weekly household income, and that the firm's marginal cost function is given by MC(Q) 2Q. The firm has no fixed costs. = (a) If the average weekly household income is $600, find the firm's marginal revenue function. (b) What is the firm's profit-maximizing quantity of output? At what price will the firm sell that output? What will the firm's marginal cost be? (c)...
3. (Figure: Price-Discriminating Monopolist 2) The perfectly price-discriminating monopolist in this diagram will produce units of output, and a single price monopolist would produce units of output. Consumer surplus under a perfectly price discriminating monopolist is dollars less than under a single-price monopolist. While, perfect price discrimination results in reduced consumer surplus, it (increases/decreases) producer surplus and ultimately results in deadweight loss that is (less than/equal to greater than the amount of deadweight loss found in a perfectly competitive market....
Help solve problems from picture #2 (continuation of picture
#1)
A monopolist can produce at a constant average (and marginal) cost of It faces a market demand curve of Q.71-P Calculate the profit-maximizing price and quantity for this monopolist. Also calculate its profits The monopoly would produce 33 units of output at a price of $ 38 (Enter numeric responses using real numbers rounded to two decimal places,) In turn, the monopoly would eam profit of $ 1089 Suppose a...
1. A firm called SoderWerks is a monopolist in the production of a sophisticated electronic device used in the construction of military tanks. It faces monthly market demand that varies according to the equation Q = 510 - 0.1P, where P is the price per device in dollars. The firm earns marginal revenue according to the equation MR = 5100 - 200 and incurs marginal costs according to the function MC = 1800 + 2Q, where Q is the quantity...
A monopolist can produce at a constant average (and marginal) cost of AC MC 5 It faces a market demand curve of Q-71-P Calculate the profit-maximizing price and quantity for this monopolist. Also calculate its profits. The monopoly would produce units of output at a price of (Enter numeric responses using real numbers rounded to two decimal places.) In turn, the monopoly would earn profit of $ Suppose a second firm enters the market. Let Q1 be the output of...
1. (40 marks) Sylvania is a small open economy producing two products, X and Y, using two factors of production, capital and labour, under constant returns to scale. Capital is sector-specific, while labour is freely mobile between production sectors. Let Qx and Qy be the output quantities, Kx and Ky the capital endowments specific to the two sectors, and Lx and Ly the labour allocations to the two sectors subject to the constraint im- posed by the total endowment, namely...
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