Calculate the price and quantity for the monopolist

Assignment Help Business Economics
Reference no: EM13898343

The market supply and demand functions for a product traded on a perfectly competitive market are given: QD= 40-P, QS = -5+4P, Based on this information, calculate the equilibrium price and quantity in this market. Now, suppose the competitive market is monopolized. Calculate the price and quantity for the monopolist.

Reference no: EM13898343

Questions Cloud

Combination the marginal product of labor : A company uses 20 work units and 30 units of capital to produce 4,000 units of product. In this combination the marginal product of labor is 50 and the marginal product of capital is 40. The price of labor is $ 30 and the price of capital is $ 20. to..
About the income from continuing operations : Wilcox Corporation had income from continuing operations of $800,000 (after taxes) in 2013. In addition, the following information, which has not been considered, is as follows. Present in GOOD FORM the income statement of Wilcox Corporation for 2014..
Level consistent with the secular growth trend : During a business cycle, typically output can be below the level consistent with the secular growth trend: A. only at the peak (top) of the cycle. B. only at the trough (bottom) of the cycle. C. whether the economy is expanding or contracting. D. at ..
What would the coase theorem say about the two rules : In Virginia, the common law has long held that if a neighbor's tree encroaches on your yard you may cut the branches as they cross the property line, but any damage the tree does to your property is your problem. Which rule is better: the new rule or..
Calculate the price and quantity for the monopolist : The market supply and demand functions for a product traded on a perfectly competitive market are given: QD= 40-P, QS = -5+4P, Based on this information, calculate the equilibrium price and quantity in this market. Now, suppose the competitive market..
Call the additional revenue per unit marginal revenue : The price-quantity relationship has been estimated for the new prostate cancer blood test: Q = 4,000 – 20 × P. Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from $200 to $0, using $50 increments. For each ..
Transfer payments have on country gross domestic product : In at least three well composed paragraphs, please describe the effect that changes in business taxes, personal income, and transfer payments have on a country’s gross domestic product (GDP).
Changes in tastes reduce the demand for wheat substantially : Changes in tastes reduce the demand for wheat substantially. What happens to price and output in the market for wheat? What happens to the price, output, and profits of the individual wheat farmer in the short run? Illustrate with diagrams.
What is its sales volume and revenue at this price : A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P, where Q is sessions per month and P is the price per session. a. The clinic currently charges $80. What is its sales volume and revenue at this price? b. If the clinic raised its..

Reviews

Write a Review

Business Economics Questions & Answers

  Istinguish high-ability workers from low-ability workers

Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.

  Newspaper reports frequently suggest that the

newspaper reports frequently suggest that the administration regardless of who is president wants the fed to lower

  Illustrate what is the average product of labor

K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). Illustrate what is the average product of labor.

  Anticipated capacity factor selling power will not escalate

The anticipated capacity factor is 70 percent also the price for selling power will not escalate. The operational life of the plant is 40 years also the salvage value negligible.

  Explain how will my family''s consumption of omelets change

Explain how will my family's consumption of omelets change this week and why. Chickens by the way do not respond to published prices in their decision as to lay eggs.

  Many argentine pesos

How many Argentine pesos would it cost given the new exchange rate you just calculated.

  Expansion of policies that encourages technology transfer

One explanation for Chinas rapid economic growth during the past several decades is its expansion of policies that encourages technology transfer. by this we mean policies such as opening up to international trade and attracting multinational corpora..

  Calculate the cost of capital of dell

Assume that the risk free rate is 4% (i.e. RF = 4% ) and the return on market portfolio is 10% (Rm = 10% ) use CAPM to calculate the cost of capital of Dell. Estimate Beta or systematic risk of Dell.

  Companies that reduce their margins on export products in

Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to

  Points on a utility possibility

Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping.

  Ideas of trade-offs-specialization and comparative advantage

Here are some hypothetical numbers used to illustrate the ideas of trade-offs, specialization, and comparative advantage. Assume Sri Lanka, using all her resources efficiently, can produce either 1,000 bags of rice OR 3,000 bags of tea. Let's also as..

  Signalling games-perfect sequential and divine equilibrium

In signalling games, it seems that the Cho Kreps refinement (intuitive criterion) is the go to refinement for eliminating bad sequential equilibrium. Divine equilibrium and perfect sequential equilibrium are also interesting refinements though. Are t..

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