What is the firms total profits and total cost

Assignment Help Econometrics

Reference no: EM13239630

Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.

Driver 2
Left Right
Driver 1 Left 0,0 -1000 -1000
Right -1000, -1000 0,0

a. What is the firm's Total Revenue?
b. What is the Total Cost?
c. What is the firm's Total Profits?
d. If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output.

Reference no: EM13239630

Questions Cloud

Explain what minimum requirement is needed to obtain : what minimum requirement is needed to obtain reproducible results with a single beam spectrophotometer

Who is likely to buy the basic and ultimate edition : One additional advantage Microsoft has is its ability to create a variety of Vista products, some of which have more features than others. Does it make sense for Microsoft to differentiate its product into basic and ultimate Vista editions

Explain phenanthroline has a molar absorptivity : The complex formed between Cu(I) and 1,10 phenanthroline has a molar absorptivity of 7000 L cm-1 mol-1 at 435 nm, the wavelength of maximum absorption.

Find the interionic spacing : The cohesive energy of a sodium chloride crystal is 6eV per ion pair, Neglecting the energy of repulsion, estimate the interionic spacing

What is the firms total profits and total cost : Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.

Calculate the side of the cubic unit cell : The density of bcc iron is 7900 kg/m3 and its atomic weight is 56. Calculate the side of the cubic unit cell and the interatomic spacing

Compute the concentration in moles per liter : Suppose 50.0 mL of 0.250 M CoCl2 solution is added to 25.0 mL of 0.350 M NiCl2 solution. Calculate the concentration, in moles per liter, of each of the ions present after mixing. Assume that the volumes are additive.

Explain what is the change in temperature of the water : what is the change in temperature of the water after the ice has completely melted? The enthalpy of fusion of water is 6.02 kJ/mol, and the specific heat capacity of the liquid is 4.184 J/g/K. Assume that the amount of extra water produced by the ..

What is strategy is most desirable from economic efficiency : Firms have tried a number of different strategies to reduce the negative effects of competition on their ability to earn economic profits. What is the strategy is most desirable from the economic efficiency and consumer well being

User Account

All Pages