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Problem 1
You will be using the new formulas from the chapter: 4 Firm Concentration Ratio and Herfindal-Hirschman Index (HHI).
In 1986 assume Pepsi announced its intention to buy Dr Pepper, and Coca-Cola proposed buying 7-Up. The table below shows the market shares held by the soft-drink firms in 1986. Assume that the remaining 14% of the market is composed of 14 individual firms, each one has a market share of 1%.
Company
Coca-Cola
38 %
PepsiCo
28 %
Dr Pepper
12 %
7-Up
8 %
14 other firms
with 1 % each
Problem 2
Take table 9.5 and expand it to have a total of 7 columns.
Price
Quantity
Total Revenue
Marginal Revenue
Total Cost
Marginal Cost
Profit or Loss
Once your table is complete then use the three-step process identified in the last few chapters to identify:
a. the profit maximizing level of output. If you can not find a point where MR exactly equals MC then come as close as you can with MR still being slightly higher. The minute MR < MC then you are losing money.
b. the price for the product. This must be a price from your table.
c. the amount of profit. This amount should be found using TR - TC.
Now suppose that the rest of the world has the same technology and pref- erences. In particular assume that the following Öxed coe¢ cient technology applies.
A chemical company bought a small vessel for $55,000; it is to be depreciated by MACRS depreciation. When requirements changed suddenly.
These multiple choice questions belong to Economics. The first question is about the stages in total product curve and the second question is about increase in total output by hiring an additional worker.
Choose a research topic and present it according to scientific research steps such as purpose, importance, materials and methods to be used, expectations
Assume that in 2013 Molly’s autonomous consumption is $2000 and that her disposable income $45000 with an MPC of 0.7: Assume that in 2014 the government increases the tax Molly pays by $1000, what will her new consumption spending be?
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You want to bank enough money to pay for 4 years of college at $15,000 per year for your child. The savings account will pay an effective rate of 6% per year.
The only DVD rental club available to you charges $4 per movie per day. If your demand for movie rental is P=20-2Q, where P is the rental price and Q is the quantity demanded, what is the maximum annual membership fee you would be willing to pay to j..
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