Define a monopolist has two types of customers

Assignment Help Econometrics

Reference no: EM13187801

A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must charge a uniform price, find that price.

Reference no: EM13187801

Questions Cloud

What is the cross elasticity of demand : When the price of good X falls from . 10 to . 9, the demand for good Y Increase from 20 Kg. to 25 Kg. a) What is the cross elasticity of demand of good Y for good X b) Are goods X and Y compliments or substitutes

Conditioned stimulus : A conditioned stimulus is repeatedly presented and always followed by an unconditioned stimulus. Will the animal necessarily develop a conditioned response? Why or why not?

Find new estimates using ten rectangles in each case : By reading values from the given graph of f, use five rectangles to find a lower estimate and an upper estimate for the area under the given graph of f from x = 0 to x = 40.

What percent of monthly charges are between $100 and $1100 : A major credit card company has determined that customers charge between $100 and $1100 per month. Given that the average monthly amount charged is uniformly distributed, what percent of monthly charges are between $100 and $1100?

Define a monopolist has two types of customers : A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of the good, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must cha..

Long-term potentiation refers : Long-term potentiation refers to - cellular changes that raise the threshold for an action potential, cellular changes that lower the threshold for an action potential, acquisition of a lasting conditioned response, acquisition of a lasting operant r..

What is the estimated sample size : Find the sample size: We desire to be within plus or minus 4 units. We will have a 95% confidence interval and the population standard deviation is 15. What is the estimated sample size?

Determine the possibility of declining average costs : Give a numerical example to show that a monopolist's marginal revenue can be upward sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue. Think of a graphic that shows the possibility of declining a..

Use cylindrical coordinates to evaluate the triple integral : Use cylindrical coordinates to evaluate the triple integral Ex2+y2dV , where E is the solid bounded by the circular paraboloid z=16-4x2+y2 and the xy -plane.

User Account

All Pages