A company can sell its product in two separate market defined by the following inverse demand functions, P1=10-Q1 , P2=20-1.5Q2 the cost associated with production is given by ?? = 4 + 2Q a) What prices and quantities should the firm charge and produce in each market. b) What profit will the firm make if it practice price discrimination c) If the firm is charging uniform price in all market what price will it charge and what output will maximize profit d) What is the maximum profit for charging same price? e) Calculate the elasticity of demand in each market and comment on your result

Q: Suppose price elasticity of demand is greater than 1. Which of the following example is correct? (a)…

A: Please find the answer below.   ELASTICITY OF DEMAND: Elastic demand is one in which the change in…

Q: "As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent…

A: Required reserve ratio or cash reserve ratio is the minimum amount of total deposit that commercial…

Q: In what way do the import and export documents play an important role in ensuring that the…

A:

Q: For the question below use the following figures which illustrate the production possibilities…

A: Opportunity Cost is the cost in terms of the goods which we have to forego because resources are…

Q: (b) Assume that year 2020 is the base year. There are only two goods produced domestically and the…

A: Inflation means general increase in price level in the economy.

Q: 6

A: Given that P = 48 - q   Therefore q = 48 - p q = 3  Formula for Price elasticity of demand = dq/dp ×…

Q: Project informatio Fyped Answers only In the table below presented the data on the investment in the…

A: Answer

Q: The demand and supply functions for Penn State ice hockey jerseys are: pd(x)=x²-15x + 545 p=s(x) =…

A: Equilibrium refers to the point where demand intersects the supply.

Q: Jackson employs labor (L) and capital (K) to produce his output. The marginal product of labor MPL…

A: A firm minimizes the production cost at the following point. i.e., (MPL / PL) = (MPK / PK)…

Q: What limits the Bank of Canada’s ability to steer the economy to avoid both recession and inflation?

A: The flexible exchange rate and inflation control objective are the two primary foundations of…

Q: Test Design: Suppose I want to test the impact of soccer coaches on soccer teams. How would you test…

A: Regression is a statistical approach used in finance, investing, and other fields to evaluate the…

Q: Which of the following are considered money in the U.S. economy? Which are not? Explain your answers…

A: The three functions of money are unit of account, medium of exchange and store of value. Unit of…

Q: Public investment projects should provide benefits for the public's greater good that exceed the O…

A: Public Investment programs are programs which help the public to choose about the place of work and…

Q: Several factors may influence interest rates for individual securities in an economy like the United…

A: Introduction There are many factors influencing the interest rate for individual securities. We all…

Q: A trust fund is to be formed by depositing $4,000 every six months for 25 years in a bank that…

A:

Q: Paul decides to spend an hour playing football rather than studying or working at $6 per hour. His…

A: In economics, tradeoff refers to when an individual decides to let go of an opportunity or benefit…

Q: As a research scholar, Denise had built a helicam as part of her project. The helicam could capture…

A: Coastal Pharma and Brainwave Technologies have together invested and created a new organization,…

Q: Don Solomon wants to set up a scholarship program with his alma mater. If P742998 is needed per year…

A: Given information  Amount needed for scholars per year (A) =742998 Rate of interest (i)=2.5% We have…

Q: The figure below shows the domestic supply and demand demand for shoes. As labeled, the no-trade…

A: The equilibrium price has been set up where demand and supply are equal. The world price is below…

Q: 2. Consider the following two mutually exclusive alternatives: Cost, $ Uniform annual benefit, S…

A: Cash flow is the amount of cash that comes in and goes out of a company. Businesses take in money…

Q: Match each currency with the country or countries that use it. Drag each item on the left to its…

A: Currency Country name YEN JAPAN POUND UNITED KINGDOM YUAN CHINA

Q: When drawing a demand curve, what variable is in the vertical (y) axis? O Price O Quantity O Income…

A: A graphical representation of the relationship between a good's price and the quantity demanded is…

Q: The following table presents the valuations that 5 different consumers have for 2 different…

A: The bundle pricing is optimal as the willingness to pay for the bundle C= product A+ product B, is…

Q: How does the microeconomic theory of fertility relate to the theory of consumer choice?

A: The relationship between the consumer's preferences and the expenditure is depicted by the theory of…

Q: What are the causes of disfavourable terms of trade in underdeveloped countries?

A: The ratio of a nation's export prices to its import prices is known as its terms of trade (TOT). The…

Q: FF - the federal funds rate PCE INF = PCE inflation PCE CORE = the core rate of PCE inflation GDP…

A: To be given For 1976-04-01 Federal fund rate=5.2 PCE INFLATION=5.6 PCE core=6 GDP=5654.8 GDP=5784.9…

Q: why the Federal Reserve is less likely to change interest rates following an increase in aggregate…

A: Following a rise in aggregate supply, the Federal Reserve is less likely to adjust interest rates.…

Q: What is single tax system? Write its merits and demerits.

A: A single tax is a taxation system that is based mostly or solely on one tax. This tax is often…

Q: You are an economist for the City Subway Commission. Presently, the price of a subway ride is 80…

A: Total revenue is defined as the product of the price and the quantity. It is the revenue earned from…

Q: Describe the concept of price elasticity?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: Xo Xo O X1 X2 X3 Xmax $ Xo ABDE A CF B What outcome can we expect to prevail in after bargaining…

A: MAC - Marginal Abatement Cost measures the cost to reduce an additional unit of environmental…

Q: Would consumers have to pay the price for increasing minimum wage?

A: Increasing the minimum wage changes the structure of the youth workforce. Lower-skilled teens are…

Q: 19 of 100 The demand curve shows the graphic relationship between price and the OOOO quantity…

A: Demand is defined as the quantity that a consumer is willing and has the ability to purchase or…

Q: 4. In 2020, from Jan 29th to March 15th, (Select All that Apply) Helpful Hint: There are 6 correct…

A: January :  - Objective: Maximum employment & price stability (long run objective of 2%…

Q: Which of the following statements is true about the difference between monopoly and monopolistic…

A:

Q: What are Australia’s opportunities in global value chains (GVCs) in Asia Pacific focusing on GVCs in…

A:

Q: The production function for a company is P = 300x x0.75 0.25, where P is the amount produced giv…

A: Production function : P = 300x0.75y0.25 Labor per unit cost (x) = 900  Equipment Cost(y)  = 350…

Q: 13. Consider the nation of Wetland. In every year for the last five years those who produced swords…

A: Law of demand: It refers to a law under which when the price of things increases people will reduce…

Q: Use the table and graph below to answer the following question: identify the ATC, AVC, and MC…

A: In the mentioned question we have been asked which curve is AVC, ATC and MC. Also it is asked which…

Q: What are the Principles of Public Debt Management?

A: Introduction - Getting control of your bills is the process of debt management.It entails keeping…

Q: Assume that the market can be represented by the supply and demanc curves: Qs = 6P-60 QD=60-4P If…

A: Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a…

Q: why is becoming suppliers for foreign firms a good stragey when evnte

A: Market entry techniques are strategies organizations use to design, disperse and convey products to…

Q: If the AD excess is $300 billion and the MPC is 0.75, Instructions: Round your responses to one…

A: The percentage of money that a person spends on satisfying their consumption needs is known as MPC,…

Q: year. After that, dividend 10%, what price should

A: Given ,  Initial Cashflow : 15 millionCash Inflow : 4.5 millionTime : 4 yearsNominal Interest rate :…

Q: Consider a two-player game between Child's Play and Kid's Corner, each of which produces and sells…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-part for…

Q: per capita, real U.S. dollars (2000) $50,000 40,000 30,000 20,000 10,000 5,000 1,000 Nigeria Liberia…

A: Involving GDP as a proportion of monetary government assistance or way of life in a nation is…

Q: The maintenance on a machine is expected to be P6322 for the second year and an additional P1,750…

A: Considering the information given, we have to calculate  Interest rate per year = 5% N (term) = 5…

Q: Russia’s invasion of Ukraine is causing energy prices to soar in the euro area (at an annual rate of…

A: The Russian invasion of Ukraine has led to a rise in the energy prices in euro area. The rise in the…

Q: A financial depository institution's reserve requirement is a specified percentage of: Group of…

A: Reserve requirements are how much finances that a bank holds in reserve to guarantee that gathering…

Q: The present worth of a $5 using the equation : P= 500(P/A, 8%,9) (P/F, 8%,2) cash flow Select one: O…

A: The present worth of $500 cash flow that starts 3 years from now and continues till 10 years at the…