Monopoly computer chip maker increases production

Assignment Help Business Economics
Reference no: EM131163767

Suppose that a monopoly computer chip maker increases production from 10 microchips to 11 microchips. If the market price declines from $30 per unit to $29 per unit, marginal revenue for the eleventh unit is?

Reference no: EM131163767

Questions Cloud

Consider the competitive market for natural gas : Consider the competitive market for natural gas. Now suppose that the price of renewable energy (a substitute for natural gas) decreases because of a technological advance. Answer the following questions about the natural gas market.
Pollution permit market for carbon emissions : The state of California has a pollution permit market for carbon emissions, where all large firms must have a permit for each ton of carbon emissions they generate. The California state government sets the supply of permits and large electricity prod..
What is the drills angular acceleration : A high-speed drill reaches 2500 rpm in 0.60 s. What is the drill's angular acceleration? Through how many revolutions does it turn during this first 0.60s?
Socially optimal quantity of cigarettes : Suppose that cigarette smokers create a negative externality. Further suppose that the government imposes a tax on cigarettes equal to the per-unit externality. What is the relationship between the after-tax equilibrium quantity and the socially opti..
Monopoly computer chip maker increases production : Suppose that a monopoly computer chip maker increases production from 10 microchips to 11 microchips. If the market price declines from $30 per unit to $29 per unit, marginal revenue for the eleventh unit is?
Direction of demand shift and relative elasticity of supply : For each of the following assume that the demand curve shifts while the supply curve remains constant. What is the direction of the demand shift and relative elasticity of supply? Prices do not change. Quantity increases significantly. Price falls si..
In private company accounting system : In a private company’s accounting system, inputs are _______________ and outputs are _________.
Determine if the company should invest in project : A project requires an initial investment of $50,000. The annual expenses are estimated to be $10,000 for the first year and decrease 5% per year over the 5 year life of the project. The annual revenues are estimated to be $15,000 for the first year a..
Test the null hypothesis of no seasonality : The following estimated equation was obtained by OLS regression using quarterly data for 1958 to 1976 inclusive: Yt = 2.20 + 0.104X1t − 3.48X2t + 0.34X3t. (3.4) (0.005) (2.2) (0.15) Standard errors are in parentheses. Define the seasonal dummy variab..

Reviews

Write a Review

Business Economics Questions & Answers

  Increase worker mobility

Which of the following will not increase worker mobility?

  Explain how fiscal policy would affect aggregate demand

Can you explain how fiscal policy (making changes to government spending and taxes) would affect aggregate demand (AD)? How do these two mechanisms of expansionary policy differ? What were the major areas of disagreement between John Maynard Keynes a..

  Estimate the population mean of marks

Assume that student marks are normally distributed. A random sample of 25 students' marks yield a sample mean of 70 and a sample standard deviation of 10. Estimate the population mean of marks with 95% confidence.

  What is the price elasticity of demand for gizmos

Where, q is the quantity demanded at price p when the person’s income is I. Assume initially that the person’s income is $40,000. Show your work/ calculations. At what price will demand fall to zero? At a price of $10, what is the price elasticity of..

  Cover the maintenance and operations costs in perpetuity

A developer is considering including a private waste water treatment plant in a small residential development. The city requires the developer to provide funds to cover the construction cost of the plant and to cover the maintenance and operations co..

  What impact would you expect this increase in the gap

What impact would you expect this increase in the gap in living standards between the richest and poorest to have on income elasticity today? Briefly discuss.

  What is the current rate of inflation or deflation

What is the current rate of inflation or deflation? Which one do think might be more disruptive for an economy, and why? Describe a policy in the AS-AD model that would reduce inflation from the current level. Do you the U.S. should adopt this policy..

  Q1 use the internet to research an oligopoly not discussed

q1. use the internet to research an oligopoly not discussed in the text. from the e-activity describe the oligopoly you

  Explain why sharp decline in oil prices might

explain why sharp decline in oil prices might not necessarily have positive or negative impact on the US equity markets (stock market) even at the current trend of volatile oil prices

  She wants to maximize the most healthy days

Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour. P..

  The government policy is to deduct

Jeff is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Jeff works, the go..

  How we justify assumption that individual demand curves

How we justify assumption that individual demand curves have a negative slope. If y do not, then we may not be able to add them to get market demand.

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