Explain why despite decreases in marginal cost, Microeconomics

Assignment Help:

Problem 1:

How can a manager of a supermarket maximise total revenue using various concepts of elasticity of demand? Use examples to illustrate.

Problem 2:

What are the distinguishing features of a market where firms are price takers? How would such a market characterized by imperfect competition? Use diagrams where appropriate.

Problem 3:

It is observed that some firms keep making profits in the long run despite no barriers to entry. Explain the reasons and possible strategies for such persistence.

Problem 4:

How can firms extract consumer surplus from their customers? Use examples to illustrate.

Problem 5:

(a). Explain why despite decreases in marginal cost, price may remain unchanged in an oligopoly setting. Use example to illustrate.

(b). Explain how equilibrium is reached in a Cournot model. Illustrate why would firms in such a model wish to collude? Use examples to illustrate.

(c). What factors can affect the decisions to sustain collusive agreements?


Related Discussions:- Explain why despite decreases in marginal cost

Subsitution and income effect, subsitution effect dominate tha income effec...

subsitution effect dominate tha income effect in which good case?

Determine the wage contract , Assume that the employer (principle) wants it...

Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes the principle's expected profits from his business]. There a

Demand curves, draw demand curve for a-phone explain how the graph, price ,...

draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.

Cost, schedules for cost

schedules for cost

Long - term periods of stagnation, Long Waves: Longer-term periods of stagn...

Long Waves: Longer-term periods of stagnation or growth in the economy, that can last for a decade or more and reflect broader changes in technology, politics, and international re

Deuterium, preperation methods of deuterium

preperation methods of deuterium

Entrepreneur, Entrepreneur: The entrepreneur or enterprise is a specia...

Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and

Production possibility curve, construct your own version of a production po...

construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice

Write Your Message!

Captcha
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