User Account

All Pages

The monopolist sells in two geographically divided markets

Assignment Help Microeconomics
Reference no: EM13394599

A monopolist sells in two geographically divided markets, the East and the West. Marginal cost is constant at $50 in both markets. Demand and marginal revenue in each market are as follows:

QE = 900 - 2PE

MRE = 450 - QE

QW = 700 - PW

MRW = 700 - 2QW

a. Find the profit-maximizing price and quantity in each market.

b. In which market is demand more elastic? 

Reference no: EM13394599

Questions Cloud

Two peer reviewed journals for referencesthe differences : two peer reviewed journals for references.the differences between tall and flat the advantages and disadvantages. an
Explain the circumstances under which the firm chooses a : describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage.
Remaining competitive in a global economy frequently : 1000 words- all new content at least 2 referencesremaining competitive in a global economy frequently means moving from
How many total publications are sold annually in each print : 1.how many total publications are sold annually in each print media industry?2.what are the major ownership chains in
The monopolist sells in two geographically divided markets : a monopolist sells in two geographically divided markets the east and the west. marginal cost is constant at 50 in
Evaluate the company for its weaknesses in the area below : evaluate the company for its weaknesses in the area below and look at ways for them to improve what amazon can do
The specific event or issue which drove it toward embarking : 1000- word all new content at least 2 referencesdo an internet search supported with references and in-text citations
Compute monopolists profit-maximizing quantity price and : a monopolist has a constant marginal and average cost of 10 and faces a demand curve of qd 1000 - 10p. marginal
Supply chain management is the integration of activities : supply chain management is the integration of activities that procure materials and services transform them into

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!

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