Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Deadweight Loss-
Given the following information:
Qs = 2P
P = Qs/2
QD= 180 - 4P
P = (QD -180)/-4
AR = P = 45-.25Q
TR = 45 - .25Q2
Hint: MC - supply curve
MR = 45 - 5Q
Qs = supply
Qd = demand
A) Using the above information,
1) Graph and calculate the price-output solution under competitive market assumptions.
2) How much is the
-consumer surplus
-producer surplus and
-total surplus?
B) Calculate the price and the quantity demanded and supplied if the market is run by a profit maximizing monopoly
C) What is the deadweight loss if the market is run as a profit maximizing monopoly?
D) How much producer surplus is there if the market is operated as a monopoly?
Suppose that Mimi plays golf 5 times per month when the price is $40 and 4 times per month when the price is $50. What is the price elasticity of Mimi's demand curve? Use the Midpoint Method to answer this problem.
Harry values a new jacket at $100 and buys it from Jenny at $80 (costing her $70 to produce it). Jim then offers Harry the same jacket at $60. Harry buys the jacket from Jim, and stops buying it from Jenny. Which of the following makes this event Par..
What happens to the price of options as the exercise price and expiration date changes? Is there a relationship?
Over the past 7 years the Federal Reserve has taken many expansionary actions such as keeping interest rates low and buying government bonds and mortgage-backed securities to increase the money supply, hoping to spur buying and investment. However, a..
Part 1 - Integrated Marketing Communications, and the Changing Media Landscape
Explain the link between factor productivity and variable costs. Use the example of labour productivity to illustrate the following:
Analyze how a business manager might use CPI statistics for pricing decisions, production costs decisions, salary decisions, etc.
What is the Herfindahl-Hirschman Index (HHI) for an industry in which five firms each control 20% of the market? a. 20; b. 100; c. 2,000; d. 5,000 33. Which of the following pieces of antitrust legislation banned tying contracts, limited mergers, and..
Consider a two-firm oligopoly facing a market inverse demand curve of P = 100 – 2(q1 + q2), where q1 is the output of Firm 1 and q2is the output of Firm 2. Firm 1's marginal cost is constant at $12, while Firm 2's marginal cost is constant at $20. In..
A price taker being a seller who is unable to set the price of the goods they wish to sell and must accept market value. Because the product that is being sold in a price taker market is unable to be differentiated from other sellers in the same mark..
Market equilibrium occurs at that price for which
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0. Which strategy profiles are ra..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd