Monopolistic price and competitive market price

Assignment Help Business Economics
Reference no: EM133128587

Explain your reasons

1. If demand is elastic, the difference between the monopolistic price and the competitive market price would be greater compared to when the elasticity is low.

2. In 2011, heavy rain and cold weather destroyed 10 percent of the world coffee products. Therefore, it is expected that people consume less coffee.

Reference no: EM133128587

Questions Cloud

What interest rate would the investment have : Stanley Roper has $2,500 that he is looking to invest. What interest rate would the investment have to yield in order for Stanley's brother to deliver
Connection between smart economies and countries : "Do you believe there is a connection between 'smart' economies and countries with high economic growth and GDP?"
Compute the contribution margin for the current year : Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year
Analyze ethical implications of counselor expressing : Analyze the ethical implications of a counselor expressing their values to a client.
Monopolistic price and competitive market price : 1. If demand is elastic, the difference between the monopolistic price and the competitive market price would be greater compared to when the elasticity is low.
Define self-determination : 1. Define self-determination. 2. What does the NASW Code of Ethics say about privacy and confidentiality with clients?
Should government interfere in recession : Should Government interfere in recession and support the financial system. If yes should the government give out Bailouts packages correct or not.
Difference between labor law and employment law : What is the difference between labor law and employment law? Some people think they are the same terms. What do you think?
Quantity of avocados? supplied : Suppose the supply function for avocados is Q=58+15p-20pf?, where pf is the price of fertilizer. Holding the price of fertilizer? constant, by how much would th

Reviews

Write a Review

Business Economics Questions & Answers

  Firm that excavates roadside ditches to lay drainpipe

Dirt Diggers (DD) is a firm that excavates roadside ditches to lay drainpipe. Its output follows the production function: Q = 10L − 0.1L 2 , where L denotes labor hours and Q the length of the ditch in meters. The marginal product of labor is MPL = 1..

  Who benefits from a tariff or quota

Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies?

  What are the effects of increased global competition

What are the effects of increased global competition on U.S. firms, U.S. workers, and U.S. consumers

  For retirement planning

For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?

  Annual balance sheets of xiaomi on bloomberg

Balance sheet: examine the last 3 (common size) annual Balance Sheets of xiaomi on Bloomberg. What is the relation of assets to: cash and cash equivalents

  Separate demand curves in two separate markets

A monopolist faces two separate demand curves in two separate markets: P1 = 72 - 3Ql and P2 = 90 - 2Q2. The total cost curve is TC = 6 + 6Q. Find the price elasticities at the two profit maximizing points

  Marginal benefit of writing a contract

Find the optimal contract length when the marginal benefit of writing a contract is:

  Which factor characterizes the competitive relationship

A firm's cost-reduction strategies may span multiple stages, from acquisition of production input factors to product service and maintenance. When seeking to lower cost in the short term, firms should

  What is the disease model of drug use

What is the disease model of drug use? Do you think that drug abuse should be viewed in this way? Why or why not?

  Explain the decline in deficits and subsequent surpluses

As late as 1992, the United States was running budget deficits of nearly $300 billion. During the remainder of the 1990's, deficits declined and became surpluses. As the new century began, these surpluses again turned into deficits. Explain the decli..

  Determine the equilibrium price and quantity

Problem 1. A market consists of three customers, A,B and C, whose individual demand equations are as follows:

  Determine the profits you earn from strategy

You are the manager of a firm that charges customers $16 per unit for the first unit purchased, and $12 per unit for each additional unit purchased in excess of

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