What price does the monopoly sell its good

Assignment Help Business Economics
Reference no: EM133132561

A monopoly cells it's good in the United States where the elasticity of demand is -2 and in Japan where the elasticity demand is -5 . It's marginal price cost is $10. At what price does the monopoly sell its good in each country if resale is impossible?

Reference no: EM133132561

Questions Cloud

Explain the aefficient fiscal policy or monetary policy : Which policy is more efficient fiscal policy or monetary policy? Please give some examples
Describe your patient health needs : Describe your patient's health needs. Be specific. Then, explain the type of treatment regimen you would recommend for treating your patient,
Describe work of judy chicago and feminist content : Describe the work of Judy Chicago and its feminist content, examining how politics and social change have affected postmodern art and literature.
Types of health care services and goods : Discuss how the following types of health care services and goods are related:
What price does the monopoly sell its good : A monopoly cells it's good in the United States where the elasticity of demand is -2 and in Japan where the elasticity demand is -5 . It's marginal price cost i
How much of the total change in quantity demanded : Suppose two goods, X and Y, are perfect complements and U=min(X,Y). A consumer has $60 to spend. Initially, the price of each good is $2. If the price of good X
What do you think the future of health policy : Discuss health care interest groups and their concerns. What do you think the future of health policy will look like in the United States?
Discuss what was most impactful information : Discuss what was the most impactful information you learned over the course of this semester
Recommended framework work in decision making : What is your recommendation for a business to be both ethical and successful? How will your recommended framework work in decision making?

Reviews

Write a Review

Business Economics Questions & Answers

  Find the profit-maximizing price and quantity for monopolist

Consider a monopoly with a production function given by q = f(x) = √x and a fixed cost of $1. The input price is $0.50. The monopolist sells her product in a market that has ten consumers. Let p denote the unit price of the good. Find the profit-maxi..

  An incumbent and entrant face market

An incumbent and entrant face a market of 100 buyers. Each buyer has a RP of $100 for the incumbents as well as entrants product. At each round each buyer is interested in buying no more than one unit of the product. Might incumbent want to signal it..

  Government spending works with a distributed lag

Life has become yet more complicated. Government spending works with a distributed lag. Now when $1 billion is spent today, GDP increases by $1 billion this period and $1.5 billion next period.

  What new decisions will you make regarding production levels

Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production increase. What new decisions will you make regarding production levels and pricing for your Widget facility?

  Determining the price increases total revenue

A shipping service is offered at a flat rate of $7.5. If the rate increases to $8.25, some customers will not continue to use this service.

  Big effects on domestic markets

International trade can have big effects on domestic markets. For both an import good and an export good (in other words

  The lange-lerner model of market socialism of the text

The Lange-Lerner model of market socialism of the text, is a system in which central planners try to arrive at competitive prices through trial and error. When a surplus of a good exists, the planners are supposed to lower its official price. When a ..

  Annual sales growth and net sales attributed to loyalty card

Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (%) and Loyalty Card Usage (% of Net Sales) (n = 74 restaurants) Store Growth% Loyalty% Store Growth..

  Reading talks about the budget deficit

The reading talks about the budget deficit. The math is simple-- the government's input (revenue) is less than their output (expenditures). Instead of just aski

  Compute the monthly payment

An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a down payment and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. Comp..

  How does cvp analysis help management

How does CVP analysis help management in the planning stage of a new business? How does CVP analysis assist the decision makers of an existing business?

  When we use something like netcraft

When we use something like Netcraft, we have to consider things such as performance and uptime. SLAs should be put in place to ensure that commitment is there

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