User Account

All Pages

What price will the firm charge without price discrimination

Assignment Help Business Economics
Reference no: EM133063975

A firm faces two demand functions vin Q1 = 24 - 0.2P1 Q2 = 10 - 0.05P2 And the total cost function is TC = 35 + 40Q

1. What price will the firm charge without price discrimination? What are the associated quantity and profit?

2. Using the results from the case of no price discrimination if fixed cost was 700 (i) should the firm stop production, (ii) can the firm still finance the operating costs?

Reference no: EM133063975

Questions Cloud

What is the ending ucc for 2019 : Randall purchased a $30,000 piece of office furniture during 2019. The balance in his UCC pool for furniture at the end of 2018 year was $20,000 and is amortize
What is price elasticity : What is price elasticity and how is it related to customers and products?
Why do physicians choose to practice together in groups : Why do physicians choose to practice together in groups? Is assembling physicians into groups any different from assembling employees into a man- ufacturing fir
Marshall laws of labour demand : Suppose that the government raises the minimum wage paid to unskilled teenagersskilled adult workers, Thinking of the four Hicks-Marshall laws of labour demand
What price will the firm charge without price discrimination : A firm faces two demand functions vin Q1 = 24 - 0.2P1 Q2 = 10 - 0.05P2 And the total cost function is TC = 35 + 40Q
Describe the basic functions of a bank : By indicating the major sources and uses of bank funds, fully describe the basic functions of a bank as a private deposit-taking institution that must constantl
Find the effective monthly interest rate : You have a credit card debt which is attracting interest at 18:5% per annum (APR) with monthly compounding. The bank has told you that if you pay $328:37 per mo
What is the liquidation value of Magi House : Magic House is to be liquidated. All creditors, both secured and unsecured, are owed P 2 million. What is the liquidation value of Magi House
Explain the causes of the pandemic : Use a business cycle theory of your choosing (Neoclassical, Post Keynesian, or Austrian) to explain the causes of the pandemic-induced recession.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

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

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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