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Suppose a firm sells its products to identical customers and each of them has the following demand for its product: P=40-Q. Further assume that the marginal cost to produce the product is $5. The fim is thinking of implementing the two part pricing technique: charge consumers an "entrance" fee and then charge $5 per each unit the consumers consume.
Under this scenario,
A. What would be the entrance fee for each consumer?
B. What would be the producer surplus per each customer?
Two firms face the demand equation given by P=200,000 -6(Q1 + Q2) where Q1 and Q2 are the outputs of two firms. The total cost equations for two firms are given by: TC1 = 8000Q1 and TC2 = 8000Q2.
Explain how GDP would return to equilibrium if it was above or below equilibrium GDP. Whenever there is change in spending, there will be a change in real GDP. Explain why this is so.
According to the computer industry what are positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in long run.
What are the differences among horizontal, vertical, and conglomerate mergers?
the ncaa prohibits schools that are caught paying athletes from participating in bowl games and sometimes the
consider an economy in which the demand for electricity is qd 100p where qd is the quantity demanded and p is the
consider this topic and converse with your fellow classmates about choice, opportunity cost, and comparative advantage with regards to personal brand in social networking sites and/or associations you might belong to.
In doing so, she joined a long list of accomplished lawyers who have failed to pass the notoriously difficult examination, including a former governor who required four attempts to pass and a Los Angeles mayor who gave up after four tires. In the ..
When developing short-run cost curves, it is supposed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses.
Three machines are employed in isolated area. They each produce 2,000 units of output per month, the first requiring $20,000 in raw materials, the second $25,000, and third $28,000.
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
In the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is that it frees macroeconomic policy from taking care of the exchange rate.
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