1. Consider the following information for Dhaka Water Supply Authority (WASA). Total revenue Quantity of water (in thousands of liters) Price Marginal revenue (in taka) (in taka/liter) (in taka) 11 10 9. 7 7 4 8 3 9. 10 1 (a) Calculate Dhaka WASA's total revenue (TR) and marginal revenue (MR). (b) If marginal cost is constant at 2 taka/liter, how many liters of water would Dhaka WASA supply? Intuitively explain your answer using a suitably drawn figure. (c) How many liters of water would Dhaka WASA supply if marginal cost increases to 6 taka/liter?

1. Consider the following information for Dhaka Water Supply Authority (WASA). Total revenue Quantity of water (in thousands of liters) Price Marginal revenue (in taka) (in taka/liter) (in taka) 11 10 9. 7 7 4 8 3 9. 10 1 (a) Calculate Dhaka WASA's total revenue (TR) and marginal revenue (MR). (b) If marginal cost is constant at 2 taka/liter, how many liters of water would Dhaka WASA supply? Intuitively explain your answer using a suitably drawn figure. (c) How many liters of water would Dhaka WASA supply if marginal cost increases to 6 taka/liter?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 11SCQ: The state of Colorado requires oil and gas companies who use fracking techniques to retune the land...

See similar textbooks

Similar questions

How is intellectual property different from other property?
The state of Colorado requires oil and gas companies who use fracking techniques to retune the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefits (in dollars) of this policy. Calculate the marginal cost and the marginal benefit at each quantity (acre) of land restored. See Production. Costs and Industry Structure if you need a refresher on how to calculate marginal costs and benefits. If we apply marginal analysis, what is the optimal amount of land to be restored?
profit maximization price combinationA state owned company is providing electricity at the priceof $0.105and faces the demand for electricity P=1.255 - 0.001Q The company has acost function C(Q)=100.625 + 0.105Q The state sells the firm, now the firm’sonly goal is profit maximizationa What is the number of kilowatt hours of electricityproduced and what is the price that the company will charge?b Compute the price elasticity at the profit maximizingprice combinationc How much more profit will this firm make as a result ofprivatization
Problems 1-6 are based on the following information: A company sells PC software whose price is determined by p = 200 - 5Q, where Q is the quantity purchased per day. It has fixed costs of $100 per day and variable costs of $10 per unit sold. Profit is ________ at the profit-maximizing price and quantity. A. $2025 B. $1705 C. $290 D. $105 E. $1995
29- In what step of the selling process, the salesperson will spend a considerable amount of time. a. Scanning the sales leads b. The sales meeting c. Closing the sale d. Handling objections
C. Assume that if electricity is supplied by competitive firms, the market price is 55 and the quantity supplied is 8 (‘000 KWHs)? What is the amount of the deadweight loss to society of producing electricity by monopolist Global Gas and Electric? (It is helpful to have a graphical illustration based on the data above so you could calculate easily the DWL. )
(13) A monopolist is a price- Select one: a. taker. b. maker. c. blocker. (14) A trademark is an example of a legal monopoly. It means ________. Select one: a. protection for the life of the author plus 70 years b. an identifying symbol or name c. an exclusive legal right to make, use, or sell the invention for a limited time
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 A-C
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 (A-C) For Laredo only
The government allows sulphur dioxide emissions of 4 parts per billion and has a tradable permits program. The 2 firms in the market pollute at a rate of 5 parts per billion and 6 parts per billion respectively. The 2 firms have the following costs to reduce emissions. The least expensive way to reach the government’s mandate is: Reduction of Sulphur Dioxide Cost - Firm 1 Cost - Firm 2 By 1 part per billion $200,000/year $80,000/year By 2 parts per billion $420,000/year $200,000/year By 3 parts per billion $700,000/year $340,000/year By 4 parts per billion $1,200,000/year $650,000/year Group of answer choices $400,000. $200,000. $340,000.
Please no written by hand 4) Explain who the author is for literary work under Copyright Act 1987.
5. The demand function for a manufacturer's product is D = 80 - 3p , where D is the number of units and 'p' is the price per unit. The value of D that will achieve maximum revenue is Blank 1units.