User Account

All Pages

Same price into two different markets

Assignment Help Business Management
Reference no: EM131651984

A monopolist sells the same product at the same price into two different markets. The demand for the product in market #1 is denoted D1(p) = 70-10p where p is the unit price. The demand for the product in market #2 is given by D2(p) = 80-5p. Total demand at any unit price p is the sum of demands from each market.

1. If the monopolist sets a price of $5 per unit, what will total demand be?

2. If the monopolist sets a price of $10 per unit, what will total demand be?

3. What is the elasticity of total demand at a price of $5 per unit?

4. What is the elasticity of total demand at a price of $10 per unit?

5. Assume the monopolist's cost function is C(q) = 2q. What is the monopolist's pro?t maximizing price ?

6. Now assume the monopolist enjoys zero production costs. What is the monopolists's pro?t maximizing price

Reference no: EM131651984

Questions Cloud

On a related issue with regard to utilitarianism : On a related issue with regard to utilitarianism: We do not always think before we react to a situation, and this situation really shows.
Provided article that mirrors a concept we will study : Your assignments for the term contain several research papers based on a provided article or series of articles that mirrors a concept we will study.
Compute the probability of a value from the distribution : Referring to your answer in part a, what must the population mean be changed to if the probability of exceeding the value of x found in part a is reduced.
Should marijuana be legalized nationwide : Should marijuana be legalized nationwide? What effect would legalization have on GDP? Explain.
Same price into two different markets : A monopolist sells the same product at the same price into two different markets. The demand for the product in market #1 is denoted
What is the population that the researchers are studying : What is the population that the researchers are studying, Describe how this experiment or study was designed.
What is one thing a human services professional can do : What is one thing a human services professional can do to improve gender inequality
Why would someone desire an inferior good : Why Would Someone Desire An inferior Good? Give an example of an inferior good, if possible, citing examples from the recent economic recession.
Find highest expected profit from pizza sales at the game : Prepare a short report that provides Tom with the information regarding how many of each type of pizza he should produce.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd