Separate markets in the united states and england

Assignment Help Business Economics
Reference no: EM131431745

A monopolist has a constant marginal cost of $2 per unit and no fixed costs. He faces separate markets in the United States and England. He can set one price p1 for the U.S market and another price p2 for the English market. If demand in the United States is given by Q1 = 6,000 - 600p1 and demand in England is given by Q1 = 2,400 - 400p2, then the price in the United States will

a. be larger than the price in England by $2

b. be smaller than the price in England by $2

c. equal the price in England

d. be larger than the price in England by $4

e. be smaller than the price in England by $4

Reference no: EM131431745

Questions Cloud

Provide a brief summary of huntingtons thesis : Provide a brief summary of Huntington's thesis. Compare and contrast Huntington's arguments with one other political scientist and/or academic.
Demand for doctors in the short run : In an effort to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. What impact will this increased coverage have on the demand for doctors in the short run?
Determine how elastic the demand for a product is : Characteristics that Determine Elasticity, presents 4 characteristics that determine how elastic the demand for a product is. List each of these. For each one explain and write a separate paragraph for each.
Write each term definition as used in health care management : In the space provided, write each term's definition as used in health care management. You must define the term using your own words
Separate markets in the united states and england : A monopolist has a constant marginal cost of $2 per unit and no fixed costs. He faces separate markets in the United States and England. He can set one price p1 for the U.S market and another price p2 for the English market. If demand in the United..
Discuss your prediction for how nikes use of gis will change : Read the article and discuss your predictions for how Nike's use of GIS will change or develop in the future.
Estimation or measurement of gdp : What are various methods to measure GDP and what problems are involved with each method used in estimation or measurement of GDP?
What is its important and effect on organization : Change is important but requires close check by the managing team. What is its important and effect on organization.
Profit maximizing output for rabelaisian restaurants : Rabelaisian Restaurants finds that in order to hire L units of labor, it must pay a wage of 40 + .1L per unit of labor. The demand curve for meals at Rabelaisian Restaurants is given by P = 13.75 - Q/1,000. The profit maximizing output for Rabelai..

Reviews

Write a Review

Business Economics Questions & Answers

  Show what happens to one-both curves for the given scenarios

Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions.

  Determine profit-consumer surplus-welfare-deadweight loss

The single price monopoly faces a demand curve of p=90-Q and a constant marginal (and average) cost of m=$30. Find the profit maximizing quantity (or price) using math. Determine the profit, consumer surplus, welfare, and deadweight loss.

  The nominal return on your investment

At the beginning of the year, you bought 100 shares of Microsoft common stock for $105, and over the course of the year, the company paid a dividend of $6 per share. At the end of the year, you sell your 100 shares for $95. The inflation rate for the..

  Compact fluorescent bulb fixtures instead

Suppose you have just bought a new house and are considering the installation of 10 compact fluorescent bulb (CFB) fixtures instead of 10 conventional incandescent lighting fixtures (Which cost a total of $550) typically installed by the builder.

  Despite earning higher wage than those that are native born

Using a labor market graph and a few well chosen sentences a situation in which athletes that immigrate to the United States may be discriminated against, despite earning a higher wage than those that are native born.

  About the competitive landscape in pulp and paper industry

Suppose the Herfindahl-Hirschman Index for the pulp and paper industry is 173 and the Herfindahl-Hirschman Index for the pharmaceutical industry is 446.3. What does this data suggest about the competitive landscape in the pulp and paper industry rela..

  Estimate the equation for woodbrooks demand

According to a Wall Street Journal article "MCI, in New Phone War Skirmish, Files Suit over AT&T Ad Claims," MCI was upset with AT&T over allegedly false claims that AT&T's service is cheaper than MCI's. Based on this data, estimate the equation for ..

  Diminishing marginal utility

Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favourite pizza delivery company that every day for the next month you will receive your favourite pizza for lunch and another of that same ..

  Interest rate compounded monthly for saving account

Enrico Suarez just graduated with a B.S.in engineering and landed a new job with a starting annual salary of 48,000.there are number of things that he would like to do with his new found ”wealth”. For starters, he needs to begin repaying his student ..

  Making earthmoving equipment is considering investment

A profitable company making earthmoving equipment is considering an investment of $150,000 on equipment that will have a 5 year useful life and a $50,000 salvage value. Use a spreadsheet function to compute the MACRS depreciation schedule.

  What is the probability of a positive npv

what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?

  Correlation-slope of the line

If the correlation between x and y is 1, then the points in the scatter plot of y on x all lie on a single line with slope sy/sx.

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