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!
A monopolist firm serves 6 consumers. Each of the consumers only buy one unit of the good. Two consumers buy one unit if the price is lower or equal than $100 and the other four consumers buy one unit if the price is lower or equal than $10. The firm’s cost function is C(Q) = 5Q.
(a) Suppose the firm is restricted to set a single price for all consumers (i.e., no price discrimination). What price does the firm set? How much profit does the firm collect?
(b) How much consumer surplus is generated at the prices identified in (a)?
(c) Suppose the firm is able to set a personalized price for each consumer (i.e., first-degree price discrimination). What prices does the firm set? How much profit does the firm collect?
(d) How much consumer surplus is generated at the prices identified in (c)?
Should one distinguish between economist’s descriptive statements, propositions, and predictions about the world, and their statements about what policies should be adopted?
A system of deposit insurance:
Explicate fully why the monopolist will never select to operate where the demand curve is inelastic.
If a $24 per share stock has a P/E ratio of 20 and pays out 40 percent of its profits in dividends, How large is its dividend? What is the implied rate of return?
Which of the following are not assumed by economists to control for various factors that are not relevant or important to understand and analyze using a model a specific real life situation that economists are concerned with in a given situation?
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How does technological progress shift the labour demand curve? Professors, lawyers and doctors receive similar amounts of education, why are pro..
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
q.you possess the following information about ipath. the price elasticity of demand for ipath is -2.5 the cross price
If your employees are self-interested, how much output would you expect each individual worker to produce absent monitoring.
Explain how "history" affects ability of firms in this game to achieve an outcome superior to that of one-shot version of game.
Consider the following simple model with investment and government spending exogenous:
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