So charges same price in each how many stones will it sell

Assignment Help Microeconomics
Reference no: EM13393374

Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 6(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 50 - PSF. If Gliberace cannot price discriminate between the two cities, and so charges the same price in each, how many stones will it sell in Los Angeles? what will be that price? how much profit will the firm make?

Reference no: EM13393374

Questions Cloud

Identify at least three 3 risks and three 3 benefits of : identify at least three 3 risks and three 3 benefits of using the perpetual inventory management system. discuss the
Write down a report of no more than 700 words justifying : write a report of no more than 700 words justifying the need for the system when controls are in place with insurance
Being able to statistically analyze data is only part of : the discussion board db is part of the core of online learning. classroom discussion in an online environment requires
What operations strategy could dell be attempting with a : dell has recently switched from allowing customers a great deal of flexibility in designing their own computers to
So charges same price in each how many stones will it sell : gliberaces fashion accessories of las vegas produces gem-stone encrusted formal wear for sale in los angeles and san
Design a proposal for appropriate controls to cover : design a proposal for appropriate controls to cover purchasing accounts payable cash disbursements finance investment
What would you expect the layout of a producing facility to : research the process of producing an expensive product assume that it is something that must cost at least 1000. after
Why do you believe the securities acts of 1933 and 1934 : why do you believe the securities acts of 1933 and 1934 were necessary? what did they achieve? what could have
Compute marginal cost and marginal revenue of each unit of : assume that the short-run cost and demand data given in the table below confront a monopolistic competitor selling a

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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