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In class, we study the two-part tariff question with the following system. Consumer 1 has demand function q1 = 50 − p1 and consumer 2 has q2 = 50 − 2p2 The per-unit cost of the production is mc = 10. Our conclusion is that if we have only one two-part tariff scheme (f, p), it is the best for the monopoly to set f = 800 and p = mc = 10. But it means that we have to exclude consumer 2 from the market as the fee is too expensive. Now suppose that monopoly can design two schemes (f1, p1) (f2, p2) (a) Can the following schemes make the monopoly more profitable? (f1, p1) = (800, 10) (f2, p2) = (225, 10) If so, what’s the new profit? If not, why? (b) What’s the necessary conditions that consumer 1 wants to participate given scheme 1? How about the conditions for consumer 2? (The conditions should be some inequalities.) (c) What’s the necessary conditions that consumer 1 will voluntarily choose scheme 1 and consumer 2 will voluntarily choose scheme 2 if both schemes are available to them? (The conditions should be some inequalities.) (d) Compute the profit maximizing schemes for the monopoly.
elucidate how the changes in the monetary policy effectiveness lag and the interest-rate multiplier affects how much and how long monetary policymakiers must change interst rates in response to any given demand shock.
What is your monthly interest rate and what is your annual effective interest rate? If you have an outstanding balance of $1,800 on that card what would be the balance if you skipped 4 months payments (ignore credit card fees and penalties)
This month your vendor invoiced $50,000 in testing charges for your production run. The unit cost for testing is twice as much for each of the first 500 units per month as compared to each unit over 500. If 750 units were shipped to the vendor this m..
Use quotation marks for anything that is directly from the article. Include the exact URL that can be clicked to directly retrieve the article at the end of your paper for citation purposes.
Equipment purchased 2 years ago for $70,000 was expected to have a useful life of 5 years with a $5,000 salvage value. Its performance was less tha expected and it was upgraded for $30,000 one year ago. If replaced the existing equipment will be sold..
Use the orange points square symbol on the graph below to plot the short-run industry supply curve for the wheat industry.
Consider a positive AD shock hitting the economy. Draw an AS/AD diagram and show both the short-run and long-run effects of the shock. And then, explain step by step the adjustment process after the shock, i.e. both the short run deviation from LRAS ..
Would the worker be better or if, instead of the health insurance, she was given a £100 per week pay increase which would be taxed at 20%.
Illustrate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Occupational segregation is more likely to explain the:
If the average income in the town increases to 15, solve for the new equilibrium Quantity and equilibrium Pb.
Identify and discuss some of the other factors that influenced the growth of social media. To get you started and pointed in the right direction, consider how the use of digital cameras, digital video cameras, cell phones with cameras, and portable d..
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