What is the optimal unit price p and fixed fee t

Assignment Help Econometrics
Reference no: EM13203622

A monopoly with constant marginal costs MC = 6 has two potential groups of customers, whose demands are Q1 = 24-p and Q2 = 24-2p respectively. If the monopoly can charge them the same two-part tariff, what is the optimal unit price p and fixed fee T?

Reference no: EM13203622

Questions Cloud

How many years of such surpluses would be needed : in fiscal year 2000, the U.S. government had a budget surplus of 99 billion (99 X 10^9) dollars. How many years of such surpluses would be needed to pay off the debt, as of July 2004, of 7.26 trillion (7.26*10^12) dollars?
At what level should phone company set the charges : An upstart phone company has only two potential large customers, Firm A and Firm B. Firm As monthly demand for phone calls is Q1 = 2; 800 - 200p and Firm 2s is Q2 = 5; 000 - 100p. The marginal cost of providing a phone call is 6 cents.
Find the dimensions of the aquarium : The base of an aquarium with volume V = 250 is made of slate and the sides are made of glass. If slate costs five times as much (per unit area) as glass, find the dimensions of the aquarium that minimize the cost of the materials.
Define line segment between the cat and the two trees : The family cat is also walking in the backyard. The line segment between the cat and the two trees are always perpindicular. Find the equation of the locus of the cat.
What is the optimal unit price p and fixed fee t : A monopoly with constant marginal costs MC = 6 has two potential groups of customers, whose demands are Q1 = 24-p and Q2 = 24-2p respectively. If the monopoly can charge them the same two-part tariff, what is the optimal unit price p and fixed fee ..
Find the time when it reaches the highest point : The height f (t), in feet of an object thrown upward after t seconds is given by f(t) = 256t - 16t^2 (a) Find the time when it reaches the highest point. (b) how high does it go
If that g fails to be continuous at any point c belong to c : Let C be the Cantor set defined C=intersection sign on top inf bottom n=0 C_n.Define g:[0,1]->R by g(x)={1 if x belong to C and 0 if x does not belong to C. a-show that g fails to be continuous at any point c belong to C.
How many hamburgers were sold on friday : A local hamburger shop sold a combined total of 761 hamburgers and cheeseburgers on friday. There were 61 more cheeseburgers sold then hamburgers. How many hamburgers were sold on friday?
How to construct the demand curves of business travelers : Each month, an airline sells 1,500 business-class tickets from London to Paris at $200 a ticket, and 6,000 economy-class tickets at $80 a ticket. Use this information to construct the demand curves of business travelers and tourists respectively, ..

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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