User Account

All Pages

What is the price in the domestic market

Assignment Help Marketing Management
Reference no: EM131108640

1. The demand for bread per day in a village is: QD = 240 - 4P
a) There are many bakeries, each of which has costs given by: TCA = 200 + 0.5q2 (in ¢)
What is the quantity each bakery produces, the market's equilibrium price and quantity, the number of bakeries in operation, and the market's long run supply function?
b) One of the bakeries invents a new process which costs: TCB = 1500 + 5q What happens to price, the market and the firm's quantities, and the number of bakeries?

c) Now the village council issues an annual license to just one firm, which can operate as many bakeries with costs given by TCA as it desires. What is the new price, quantity for the firm and each bakery, and number of bakeries in operation? What is the firm's supply function, and why? What should this license cost?

d) Distinguish between the market structures in each of the cases above; which is best for the consumer? Distinguish between the role of a bakery in each market structure: does it represent just the plant, the plant and the firm, or the plant, the firm, and the industry? [Hint: consider how many bakeries there are in each firm and in the entire industry.]

2. A firm has two plants with cost functions: TCA = qA2 & TCB = 4qB2
It is the only producer of this good in a country with demand for it given by: QD = 104 - 2P

a) If this good cannot be imported or exported, how much will be produced, and how will production be divided between the two plants? What is the price and the firm's profit?

b) Now the good can be exported and sold at a price of $40, but importing is still banned. What is different in the firm's behavior in the foreign versus the domestic market?

How much will the firm produce, how will production be divided between the two plants, and how much will be sold in the two markets? What is the price in the domestic market, and what will be the firm's profit?

Reference no: EM131108640

Questions Cloud

Question regarding the checked on all phones : You have been given a suspect's phone and need to determine what was accessed and from where. What are some areas that should be checked on all phones?
Make the pro and con cases for congressional term limits : Some people think Congress is too entrenched and the leaders too powerful. Others say the policymaking process is so complex that experience is required.
What implication does this have on the political economy : Tragedy of the Common. What does Hardin mean by “It is one of the peculiarities of the warfare between reform and the status quo that it is thoughtlessly governed by a double standard.”? What is the “double standard” and what implication does this ha..
How do you feel about conducting action research now : Describe how you perceive the value of qualitative and quantitative data when considering improvements. How do you plan to use the knowledge you gained in this course to be a positive change agent in your own work setting? In other words, what are ..
What is the price in the domestic market : How much will the firm produce, how will production be divided between the two plants, and how much will be sold in the two markets? What is the price in the domestic market, and what will be the firm's profit?
Question regarding the price fixing of interest rates : You have been hired by a firm because they believe that price fixing of interest rates has occurred at the bank. What steps should you take to investigate?
Assume market with monopolistically competitive structure : Assume a market with a monopolistically competitive structure (differentiated products, free entry and exit). Also assume that each firm has a total cost function of TC(qi) = 150+ ½ qi 2 for i?{1,2, …, n} (i.e. symmetric cost function). What is the p..
Choose a research topic and an interviewer : For this assignment, you will submit only the FINAL copy as there is no DRAFT option. This assignment is designed to help inform a topic that interests you, and the information you gather here will be used in your Proposal Letter assignment.
Calculate the unloaded q : Determine the capacitor value to achieve the lowest order resonance at 6.0 GHz. (b) Now assume that loss is introduced by placing a 10,000 resistor in parallel with the capacitor. Calculate the unloaded Q.

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

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