How to allocate output between two markets

Assignment Help Microeconomics
Reference no: EM132178020

Question: A monopolist is deciding how to allocate output between two markets that are separated geographically. Demands for the two markets are p1 = 15 - Q1 and p2 = 25 - 2Q2.the monopolists TC is C = 5 + 3(Q1+Q2). What are price, output, profits, and MR if;

A) The monopolist can price discriminate?

B) The law forbids(prohibits)charging different prices in the two regions

Reference no: EM132178020

Questions Cloud

Discuss the pricing decisions of generic drug manufacturers : Using the New York Times article, "Defiant, Generic Drug Maker Continues to Raise Prices," conduct further research on the pricing strategies of generic drug.
Determine the length of bursts of zero : Write a program to determine the length of bursts of zero's in a list of N numbers stored in an List.
What was occurring in that region of the world : When & where was the document written? What was occurring in that region of the world when the document was produced?
Find the angular velocity after 2 seconds : Draw a neat diagram of the rectangular sheet of metal and show the dimensions given including the squares of side x - Find the value of x such that the volume
How to allocate output between two markets : A monopolist is deciding how to allocate output between two markets that are separated geographically. Demands for the two markets are p1 = 15 - Q1 and p2 = 25.
Explain the reasons behind the shift : Think about a good or service for which you believe there has been a shift in demand or supply. Explain the reasons behind the shift and how that has influenced
Briefly explain the social and cultural purposes : Briefly explain the social and cultural purposes that are served by having shared stories (Livy) or artistic images (Remington) of heroic figures?
Discuss what is meant by the term romanesque : Characterize the style of painting that developed in Spain for the illustration of commentaries on the Apocalypse.
Would information asymmetry cause a problem in situation : Return to the description of the student loan program that opened the chapter. Suppose that all students at the university are perfectly altruistic.

Reviews

Write a Review

Microeconomics Questions & Answers

  The proponents of rational expectations believe that

The proponents of rational expectations believe that: There will be a substantial time lag before people anticipate the eventual effects of a shift to a more expansionary macro-policy. Macro-policies that stimulate demand and place upward pressure on..

  Different types of health insurance plans

How has the emergence of different types of health insurance plans-FFS, health maintenance organizations (HMOs), preferred provider organizations (PPOs), and capitation-affected the trends in healthcare services today?

  Beer and pizza are complements because they are often enjoy

Beer and pizza are complements because they are often enjoyed together.When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for pizza

  Popular entertainment media

Popular entertainment media (e.g., magazines, newspapers, tabloids, TV shows, and movies) are the general public's primary sources of information of what psychology is (and is not). These reports are largely responsible for the negative view of psych..

  Explain the main points of the article

You are required to submit a hardcopy of the article. Explain the main points of the article. Explain how it relates to a main concept covered in the class.

  To examine impact of trade between two regions deduce

for your next consulting assignment you are employed by the european trade commission to examine the consequences of an

  Retrofitted space heating system

A retrofitted space heating system is being considered for a small office building. the system can be purchased and installed for $120,000, and it will save an estimated 300,000 kilowatt-hours of electric power each year over a six-year period.

  What is the change of revenue generated by sale

What's the change of revenue generated by sale when the price elasticity of demand falls from infinite to 1? Explain how we can account for ‘bads' (such as pollution) in analysis of consumer preferences.

  What will be the percent change in quantity demanded

What will be the percent change in quantity demanded when the price of a used car falls from $5,000 to $3,000?

  Do you think the subsidy is good public policy

Assume initially that the cost of the subsidy equals the value of the jobs (e.g., if 30,000 jobs are saved at an average cost of $50,000 per year.

  Briefly describe the company in the case analysis

Briefly describe the company in the case analysis. What is their primary business, who were the officers or key players described in the case study?

  How does your saving and spending profile change

How does your saving and spending profile change depending on the state of the economy, i.e., whether the economy is in a recession versus expansion?

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