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A price-discriminating monopolist faces the following inverse demand functions:
In Market One it is P1 = 20-Q1 where P1 is the price charged in Market 1 and Q1 is the quantity demanded in Market one. In Market Two it is P2 = 15-1.5Q2 where P2 is the price charged in Market 2 and Q2 is the quantity demanded in Market Two. Marginal cost is constant at $5. Find the profit-maximizing quantity and price charged in each market. Calculate profit in each market and joint profit.
What would this firm's price, quantity and profit be if it were constrained to charge the same price to all consumers?
Propose two (2) applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for your response. Create a list of three (3) best practices to follow in the field of managerial economic..
this table shows the short run production function for a competitive firm whos output sells for 20 a unit.l q0 01 22 63
The economy can be stimulated with a variety of injections not just government spending. What economic policy would you advocate to (1) encourage investment spending, and (2) encourage exports. How effective do you believe these policies would be..
How the country's policies influence its productivity growth? How the country's financial system is related to key macroeconomic variables? How your organization can reduce the risk they would face in relocating?
According to the BLS, what was the inflation rate for gasoline for the month of December 2010?
The compelling reasons for Toyota, Nissan and Mini to have chosen Britain for manufacturing. The concerns over Britain's decision to leave the EU and what this could mean for manufacturing and exporting.
Antitrust laws were created in order to maintain competition and protect consumers. There have been several high profile Antitrust cases in the last few years (e.g. Microsoft). Think of a recent example. Do you think the right decision was made
Use quintiles to briefly summarize the degree of income in equality in the united states. how and to what extent does government reduce income inequality?
Buyers also benefit from price discrimination. Those with lower reservation prices would be excluded from buying the good if the rebate were not offered. In this case, some buyers whose reservation price is at least as high as the discounted price..
What is the probability that all the population slope coefficients are actually zero, but the coefficients we estimated are different from zero due merely to random sampling variability In other words, what is the probability that the R2 is actual..
How much is equilibrium level of income or output if Fed decides to set the rate of interest at 10 percent (r=0.10).
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources. Using the circular flow model, explain the flow of money and goods in an economy
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