Why profit maximizng monopolist does practice discrimination

Assignment Help Econometrics
Reference no: EM13201485

If the profit maximizing monopolist does not practice discrimination, what uniform price will he charge and how much profit will he earn? The following figure shows the demand and marginal revenue for a monopolist, who has many buyers with different valuations of the good. Each buyer demands only one unit of the good, and only two are willing to pay $6.5 for it. The valuation decreases for each additional buyer as shown in the figure. The marginal cost of production is $3 per unit.

Reference no: EM13201485

Questions Cloud

Analysis of international relations in deterrence theory : Discuss the insights we gain from the analysis of international relations in deterrence theory and game theory, underscoring how the rational and unitary state assumptions relate to such theories or approaches.
Find the distance from the bottom of the ladder to the wall : A ladder 14 ft long rests against a vertical wall. Let theta be the angle between the top of the ladder and the wall and let x be the distance from the bottom of the ladder to the wall.
Define x-coordinate of the center of the wheel : A wheel of radius 2 feet begins moving down a ramp of height 6 and length 24 feet , turning at 23 revolutions per minute clockwise as it does. At time t = 0 the point P on the wheel is at [0, 6]
Research on protestant reformation : Research on Protestant Reformation, the printing press. This paper is for a Technology, Society, and Culture Class. This assignment only needs to be one paragraph on what this topic is about. Please 200 words with references used.
Why profit maximizng monopolist does practice discrimination : what uniform price will he charge and how much profit will he earn. The following figure shows the demand and marginal revenue for a monopolist, who has many buyers with different valuations of the good.
Records management presentation : You have been hired as the records manager for Happy Health Medical Clinic, a medium-sized, general practice about to start up business. Whereas this medical facility hopes to have everything computerized at some point in the future, that is not curr..
State the distance d of the fire from the line segment ab : where tower A is due west of tower B. A fire is spotted from the towers, and the bearings from A and B are N 76 degrees E and N 56 degrees W, respectively. Find the distance d of the fire from the line segment AB.
Different approaches to visual communication : HOW TO Communicate one (1) complex idea, body of information, or message using three (3) different approaches to visual communication. Some examples of “approaches to visual communication” include:
Depict an equation for the number of cups : Suppose you have a lemonade stand, and when you charge $2.00 per cup of lemonade and you sell 100 cups. But when you raise your price to $4.00 you only sell 50 cups

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

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

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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