Homework Answers
Answer
The firm produces at MR=MC
where
Q=3 units
the firm charges price at the output level which is $6.5
(approximately)
Option c
between $6 and $7
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Question 12 (1 point) What is Equilibrium price? Output Determination Scenario Monopoly v.o $10.0 AAVC -...
Instructions Answer these 3 scenarios. Here is a handout Scenario #1 Scenario #2 Scenario #3 Suppose a price-discrimin...
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
17a) Assuming the monopoly pictured is a profit-maximizing monopoly, what price will the monopoly charge for...
17a) Assuming the monopoly pictured is a profit-maximizing
monopoly, what price will the monopoly charge for its output?
A: $4
B: $5
C: $6
D: $7
E: $8
17b) Assuming the monopoly (above picture, 16a) a
profit-maximizing monopoly, what quantity of output would maximize
revenue?
A: 1
B: 2
C: 3
D: 4
E: 5
8 7 6 5 4 ATC=MC 3 2 1 MR P=D 0 1 2 3 4 5 6 7 8 9 10 Quantity (millions)
Where does profit and loss go for each graph, I also want to make sure my...
Where does profit and loss go for each graph, I also want to
make sure my numbers are accurate, and please check over what I
have done so far thank you!
4. Protit maximization and loss minimization BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price discriminate; that is, it sells its beer at the same price per can to all customers. The following graph shows the marginal cost...
Instructions Answer these 3 scenarios. Here is a handout Scenario #1 Scenario #2 Scenario #3 Suppose...
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
5. Monopoly outcome versus competition outcome sider the daily market for hot dogs in a small...
5. Monopoly outcome versus competition outcome sider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium, with many hot dog stands in he city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply curves (S MC) in the market for hot dogs Place the black point (plus symbol) on...
Competitive market or monopoly for both drop down menus. 5. Monopoly outcome versus competition outcome Consider...
Competitive market or monopoly for both drop down
menus.
5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S MC) curves in the market for...
The graphs show the market for bags of potato chips, which is currently at an equilibrium...
The graphs show the market for bags of potato chips, which is currently at an equilibrium price of $1.33 per bag and an equilibrium quantity of 5.33 million bags. Suppose that, in an attempt to lower blood pressure and reduce healthcare costs, the government imposes a $1.00 excise (or commodity) tax on potato chips Suppose the government levies this tax on manufacturers for each bag of potato chips they produce. Please shift the appropriate curve or curves to illustrate this...
Homework (Ch 15) Consider the daily market for hot dogs in a small city. Suppose that...
Homework (Ch 15) Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power MC) curves in the market for hot dogs The following graph shows the demand (D) and supply (S Place the black point (plus symbol) on the graph to...
In C, 1. For the mechanical system shown in the figure below, given mass 6kg and...
In C,
1. For the mechanical system shown in the figure below, given mass 6kg and coefficient of kinetic friction 0.3, the applied force p is expressed as a function of time t (in seconds) by 20 if t 2 0.0 and t s 3.0 p(t)-4(t 2) if t > 3.0 and t s 6.0 4(t2 + 2t) if t > 6.0 Normal Force Motion Applied Force Force of Friction Force of Gravity Calculate the force dependent on the time...
7. What kind of carbons correspond to these chemical shifts? 8. Based on this analysis, the unknown might contain the f...
7. What kind of carbons correspond to these chemical
shifts?
8. Based on this analysis, the unknown might contain the
following substructure:
UN (43 MIL.) 10.02s, 1H), 7.716.J-2 Hz. ) 2.0 11.5 11.0 10.5 10.0 9.5 9.0 8.5 8.0 7.5 7.0 6.5 6.0 4.0 3.5 3.0 2.5 20 15 100.5 0.0 -0.5 -1.0 -1.5 -2. 5.5 5.0 4.5 fl (ppm)
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
17a) Assuming the monopoly pictured is a profit-maximizing
monopoly, what price will the monopoly charge for its output?
A: $4
B: $5
C: $6
D: $7
E: $8
17b) Assuming the monopoly (above picture, 16a) a
profit-maximizing monopoly, what quantity of output would maximize
revenue?
A: 1
B: 2
C: 3
D: 4
E: 5
8 7 6 5 4 ATC=MC 3 2 1 MR P=D 0 1 2 3 4 5 6 7 8 9 10 Quantity (millions)
Where does profit and loss go for each graph, I also want to
make sure my numbers are accurate, and please check over what I
have done so far thank you!
4. Protit maximization and loss minimization BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price discriminate; that is, it sells its beer at the same price per can to all customers. The following graph shows the marginal cost...
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
5. Monopoly outcome versus competition outcome sider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium, with many hot dog stands in he city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply curves (S MC) in the market for hot dogs Place the black point (plus symbol) on...
Competitive market or monopoly for both drop down
menus.
5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S MC) curves in the market for...
The graphs show the market for bags of potato chips, which is currently at an equilibrium price of $1.33 per bag and an equilibrium quantity of 5.33 million bags. Suppose that, in an attempt to lower blood pressure and reduce healthcare costs, the government imposes a $1.00 excise (or commodity) tax on potato chips Suppose the government levies this tax on manufacturers for each bag of potato chips they produce. Please shift the appropriate curve or curves to illustrate this...
Homework (Ch 15) Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power MC) curves in the market for hot dogs The following graph shows the demand (D) and supply (S Place the black point (plus symbol) on the graph to...
In C,
1. For the mechanical system shown in the figure below, given mass 6kg and coefficient of kinetic friction 0.3, the applied force p is expressed as a function of time t (in seconds) by 20 if t 2 0.0 and t s 3.0 p(t)-4(t 2) if t > 3.0 and t s 6.0 4(t2 + 2t) if t > 6.0 Normal Force Motion Applied Force Force of Friction Force of Gravity Calculate the force dependent on the time...
7. What kind of carbons correspond to these chemical
shifts?
8. Based on this analysis, the unknown might contain the
following substructure:
UN (43 MIL.) 10.02s, 1H), 7.716.J-2 Hz. ) 2.0 11.5 11.0 10.5 10.0 9.5 9.0 8.5 8.0 7.5 7.0 6.5 6.0 4.0 3.5 3.0 2.5 20 15 100.5 0.0 -0.5 -1.0 -1.5 -2. 5.5 5.0 4.5 fl (ppm)
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