Reference no: EM13957660
1. Exercise 4 from Chapter 5 in Zhy (page 93)
2. Exercise 3 and 5 from Chapter 6 in Zhy (pages 128-129)
3. Two firms have technologies for producing identical paper clips. Assume that all paper clips are sold in boxes containing 100 paper clips. Firm A can produce each box at unit cost of cA = $6 whereas firm B (less efficient) at a unit cost of cB = $8.
a. Suppose that the aggregate market demand for boxes of paper clips is p = 12 – Q/2, where p is the price per box and Q is the number of boxes sold. Solve for the Nash-Bertrand equilibrium prices pb A and pb B, and the equilibrium profits ∏A b and ∏B b .
4. Historically, most of the diamond mines in the world have been controlled by a few companies and governments. Through clever marketing by diamond producers, many consumers have furthermore become convinced that “diamonds are a girl’s best friend” because “diamonds are forever.” Suppose that the demand for diamond is given by p=90- x and suppose further that the monopolist’s marginal cost curve is given by MC=x
a) Derive the equation for the marginal revenue curve
b) What is the profit-maximizing output level xM? What is the profit-maximizing price pM (assuming that the monopolist can only charge a single per-unit price to all consumers)?
c) In absence of recurring fixed costs, what is the monopolist’s profit?
d) What is the consumer surplus and deadweight loss (assuming that demand is equal to marginal willingness to pay)?
e) What is the cost function if recurring fixed costs are sufficiently high to cause the monopolist’s profit to be zero?
|
Sam has been smoking for years and finally wants to qui
: Sam has been smoking for years and finally wants to quit. His provider prescribes wellbutrin, a medication that binds nicotine receptors. How might this be effective?
|
|
Research about the endocrine system
: Research about the endocrine system. Briefly explain how it works and diseases cause by hormones:Graves Disease, Hypothyroidism, Cushing Syndrome
|
|
Research the annual report of at least one
: Use the Internet to research the annual report of at least one (1) merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selec..
|
|
A strategy map diagrams the relationship across
: A strategy map diagrams the relationship across the dimensions of the balanced scorecard. Identify the potential links between the customer and internal processes dimensions you identified in part c.
|
|
What is the profit-maximizing output level xm
: What is the profit-maximizing output level xM? What is the profit-maximizing price pM (assuming that the monopolist can only charge a single per-unit price to all consumers)?
|
|
Wheather probability it lasts for at least another 40, 000km
: Given that the battery still works at 20, 000 km, what is the probability it lasts for at least another 40, 000km?
|
|
Scientists have known for centuries
: Scientists have known for centuries that living things change over time. Drag word(s) below to fill in the blank(s) in the passage.The theory of biological evolution is the unifying- (SELECT A LABEL)
|
|
Selling price, variable costs, contribution margin
: is pretty clear and dry just use the scenario as is. You need to use the selling price, variable costs, contribution margin, and fixed costs to determine the break-even point. Use the appropriate formulas for each.
|
|
The signs of tissues inflammation
: Discussion A) The signs of tissues inflammation B) The role of chemicals mediators of inflammation
|