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Suppose you are a monopolist operating two plants at different locations. Both plants produce the same product; Q1 is the quantity produced at plant 1 and Q2 is the quantity produced at plant2. You face and inverse demand function of:P=500 - 2QmWhere Qm is the market demand. The cost functions for the two plants respectively areC1=25+2Q 1^2 and C2=20+Q2^2
a.) What are your marginal revenue and marginal cost functions?
b.) What are the profit maximizing quantities for each plant and their price in the marketplace?
c.) How much profit will the firm make?
MUA is the marginal utility of agriculture consumption and MUM is the marginal utility of manufacturing consumption. Use the condition that MUA/MUM = PA/PM, together with the fact that the total value of country's consumption must equal the total ..
calculate the opportunity cost for chris, andrew and stuart if they have to opt between travelling by bus, at 3 hours for $20 OR PLANE FOR $100 IN 30 MINUTES, onsidering that each earn $12, $5 and $10 an hour
Determine the equivalent equal payment series for the following gradient series. A payment of $12,000 at the end of the first year is decreasing by $500 each year over the next 14 years. Assume interest rate is 12% per year
The accompanying graph shows the market for loanable funds in equilibrium. Which might produce a new equilibrium interest rate of 8% and a new equilibrium quantity of loanable funds of $150. what will shift the equilibrium right from $100 to $150 ..
A central Appalachia 12,500 Btu, 1.2 SO2 coal has an average price of $60 per ton. A mine having 7 million tons of coal has a first cost of $42 million. The cost of mining is $45 per ton. If, during the first 3 years of operation, the mine yields ..
Complete the following table for a single firm operating in labor market, A and product market, B a) What, if anything, can one conclude about the degree of competition in labor market A and product market B b) What is the profit maximizing level of ..
1,000 of them have utility functions U(x, y) = x + y and 1,000 of them have utility functions U(x, y) = min{ 2x, y}. Everybody has an initial allocation of 1 unit of x and 1 unit of y. Find the competitive equilibrium prices and consumptions for e..
The Human Relations Department of Electronics, Inc., would like to include a dental plan as part of the benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses
corporate profitability declined by 20 percent from 2008 to 2009. what performance percentage would you use to trigger executive bonuses for that year why what issues would arise with hiring and retaining the best manager
Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $4M. Bowen owes his local bank $3M. Last year Bowen sold $5M worth of cotton. His variable operating costs were $4.5M; accounting depreciatio..
A stock was priced at $150 per share at the end of 2007. The following table shows dividends per share paid during each year and the price of the stock at the end of the year for the following four years: 2008, 2009, 2010, 2011 and the Dividends P..
Using the midpoints formula presented in the text, calculate the elasticity coefficient for each price level, starting with the coefficient for the $4 to $6 level. For each coefficient, indicate what type of elasticity is indicated, elastic demand..
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