Calculate the deadweight loss in wilwaukee telephone

Assignment Help Basic Computer Science
Reference no: EM131994586

Suppose the marginal cost of providing telephone services in a small town called Wilwaukee is zero. Wichigan Communications (WC) is the only provider of telephone services in Wilwaukee. WC charges a price (P) based on the number of phone calls (Q): $1.00 per call for the first 60 calls, 80 cents per call for the next 40 calls, and 50 cents per call for all remaining calls. The demand for phone calls by customers of WC is represented by P = 1.8 - 0.01Q.

Answer questions (a) and (b) below:

a) Calculate the magnitude of WC's producer surplus in Wilwaukee's telephone industry.

b) Calculate the deadweight loss in Wilwaukee's telephone industry.

Reference no: EM131994586

Questions Cloud

Elasticity of demand faced by the monopolist : What does this imply about the price elasticity of demand faced by the monopolist?
Revise your current resume to develop your resume : Whether creating a new resume or revising your current resume, it is important to review resume guidelines and examples.
How do leaders in an organization build and maintain trust : In health care, we are often responsible for a unit or department. Leadership in these areas typically requires us to work in teams.
Calculate the magnitude of wc producer surplus : a) Calculate the magnitude of WC's producer surplus in Wilwaukee's telephone industry.
Calculate the deadweight loss in wilwaukee telephone : Calculate the deadweight loss in Wilwaukee's telephone industry.
Was the outcome for these companies inevitable : Was the outcome for these companies inevitable? What strategies helped to ensure that their strategy remained effective?
What does it mean to have a market in equilibrium : What does it mean to have a market in equilibrium? How do changes in supply or price affect this equilibrium?
Identify a problem by using data analytics : Determine how the leaders and stakeholders identify a problem and solved the problem by using data analytics.
Why does that mean increasing marginal costs : Why does the law of diminishing returns apply to so many different types of production? Why does that mean increasing marginal costs?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What is the? firm debt? ratio

Dearborn Supplies has total sales of $196 ?million, assets of $ $90 million, a return on equity of 26 percent, and a net profit margin of 7.9 percent.

  Space separator between the numbers

Assuming that user will only input integer, write a Python program that prompts the user for an integer between 1 and 20 inclusive and prints out a countdown of even number(s) from that number to 0 in one line (one print statement) with a space se..

  What is the maximum allowable size for memory

A digital computer has a memory unit with 24 bits per word. The instruction set consists of 150 different operations. All instructions have an operation code part (opcode) and an address part (allowing for only one address). Each instruction is st..

  Create documentation for project that summarizes the process

Create documentation for this project that summarizes the process for using the entities and attributes for fleet truck maintenance. The Entities and Attributes for Fleet Truck Maintenance can be found in the Huffman Trucking Virtual Organization.

  Determine gradient magnitude and gradient direction of image

Consider the sub-image. Determine gradient magnitude and gradient direction at center entry using following operators.

  Total energy absorbed by the ocean

The graph shows that of the total energy absorbed by the ocean, about two-thirds accumulated in the ________ ocean. [ ]upper [ ]lower

  Contrast simple linear regression and multiple regression

Please define, compare, and contrast simple linear regression and multiple regression.

  Participate in a round-robin tournament

Three friends (A, B, and C) will participate in a round-robin tournament in which each one plays both of the others. Suppose that

  New hires at all levels of the organization

As CEO of Blue Corporation, George makes it a point to meet new hires at all levels of the organization. He explains the goals of the company and emphasizes the importance of each individual employee relative to the larger picture. This initiative..

  How much power is contained in the sidebands

Suppose the transmitter in part (a) can also be used to transmit a USB signal with an average power level of 50 watts. By how much (in dB) will the signal-to-noise ratio be improved when the transmitter is used in this way, compared with the situa..

  Reanalyze the experiment in problem 14.5

Consider the three-stage nested design shown in Figure 14.5 to investigate alloy hardness. Using the data that follow, analyze the design, assuming that alloy chemistry and heats are fixed factors and ingots are random. Use the restricted form of ..

  What value is read into the variables by the following code

What value is read into the variables by the following code?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd