User Account

All Pages

What price does this firm charge its customers

Assignment Help Business Economics
Reference no: EM133402005

Question: firm has $2,100,000 in sales, a Lerner index of 0.6, and a marginal cost of $45, and competes against 800 other firms in its relevant market.

Instruction: Enter your responses rounded to two decimal places.

a. What price does this firm charge its customers?

b. By what factor does this firm mark up its price over marginal cost?

 

Reference no: EM133402005

Questions Cloud

Produce a set of powerpoint slides to go through : You have the choice to come up with any design of the data centre to benefit the community - produce a set of Powerpoint slides to go through during
Why should invest in westpac shares : The members of the investment team have examined the returns that they think Westpac will generate next year. If they have found that the expected returns
Determining whether there is international demand : determining whether there is international demand for a product. b. modifying a product to fit a foreign market. c. determining the receptivity of a foreign
Do some research and find an organization : Do some research and find an organization that has undergone some change recently and make some assumptions to apply the 7-S model to the change
What price does this firm charge its customers : What price does this firm charge its customers? By what factor does this firm mark up its price over marginal cost?
What are some of the pressures that organizations face : What are some of the pressures that organizations face that initiate change? Can you find a current article online or in the newspaper this week that talks
How do firms in an oligopolistic market set their prices : How do firms in an oligopolistic market set their prices? Use specific examples From the simulations or from the textbook to support your claims.
Are there any other factors for considerations : Develop two tables that can be used to compare the cost of manufacturing in-house versus the cost of procurement
What is market p & q if served by a monopoly : What is market P & Q if served by a monopoly? What is the DWL from the monopoly vs. PC in Question 2? What is the Learner Index for this firm?

Reviews

Write a Review

Business Economics Questions & Answers

  Demand and supply diagram

Soybean prices have rallied sharply, and that's generating more interest in planting the crop this spring. But corn and wheat continue to draw attention, too.

  Relationship between gdp growth-unemployment and inflation

(A) Briefly state the relationship between GDP growth, unemployment and inflation.

  Explain the recommended guidelines for frequency

Discuss the importance of proper hydration during exercise and explain the recommended guidelines for frequency, temperature, and type of fluids.

  Highest bidder at a price equal to the highest bid

In which type of auction is the item awarded to the highest bidder at a price equal to the highest bid? A Vickrey Auction B Common-Value Auction C Sealed-bid first-price auction D Second-Price Auction

  Describing potential impacts on the companies involved

Please use your own words to create 2 PPT slides for each compare and contrast the benefits and detriments of megamergers by describing potential impacts on the companies involved (Monsanto-Syngenta), consumers, other businesses, and the economy. Ple..

  Financial operations of a business

Examples of the four types of percentages, and the four types of trends used in the financial operations of a business?

  Steady state level of output per worker

The economy is initially in a steady state. Now suppose there is a one-time increase in the number of workers (or aggregate labor)

  Import quota differ from an equivalent tariff

Answer each of the following questions on supply and producer surplus. a. What is producer surplus, and how is it measured? b. What is the relationship between

  Vertical merger affect profit and consumer welfare

Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. Each retailer pays w to the manufacturer and charges p for each unit it..

  The mainstream economic view of immigration will predict

The mainstream economic view of immigration will predict: decreasing border security to make it easier to come to the United States will decrease unauthorized immigration of family members. that countries whose location is farther from the United Sta..

  Determine the price elasticity of supply for a good

A. Explain the factors that determine whether the price elasticity of supply for a good is likely to be relatively elastic or relatively inelastic?

  Market demand for product with no change in market supply

If there were a decrease in the market demand for a product with no change in market supply, the equilibrium price would:

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