A. Illustrate and label graph of imperfect competition in movie theatre with detailed explanation B. Illustrate and label graph of economies of scale for movie theatres with detailed explanation
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A. Illustrate and label graph of imperfect competition in movie theatre with detailed explanation
B. Illustrate and label graph of economies of scale for movie theatres with detailed explanation
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- A. Draw and label graph of imperfect competition in movie theatre with detailed explanation B. Draw and label graph of economies of scale for movie theatres with detailed explanationcc4. a)What is the largest number of thingamabobs that can be produced and sold for Yaster Inc. to break even? thingamabobs. Round to the nearest thingamabob. b)How many thingamabobs should Yaster Inc. produce and sell in order to maximize profit? thingamabobs. Round to the nearest thingamabobs.MonoMed, having a Patent on production of a medicine, has following Demand and Cost Schedule : Price (Rs ) 12 11 10 9 8 7 6 5 4 3 Quantity 0 1 2 3 4 5 6 7 8 9 TVC ( Rs ) 0 13 16 20 25 31 38 46 56 68 Where Fixed Cost is Rs 5 In a Table calculate TR, MR, TC, AVC, ATC and MC at each price
- a. Illustrate graph label and explain in detail imperfect competition b. Illustrate graph label and explain in detail market failure in imperfect competitionMonoMed, having a Patent on production of a medicine, has following Demand and Cost Schedule : Price (Rs ) 12 11 10 9 8 7 6 5 4 3 Quantity 0 1 2 3 4 5 6 7 8 9 TVC ( Rs ) 0 13 16 20 25 31 38 46 56 68 Where Fixed Cost is Rs 5 c. What is the profit maximizing rates of output and price? Also, indicate the values on the graph.MonoMed, having a Patent on production of a medicine, has following Demand and Cost Schedule : Price (Rs ) 12 11 10 9 8 7 6 5 4 3 Quantity 0 1 2 3 4 5 6 7 8 9 TVC ( Rs ) 0 13 16 20 25 31 38 46 56 68 Where Fixed Cost is Rs 5 d. Calculate the profit earned, if any and show the area on the firm’s graph.
- What does “perfect competition” mean? State and explain five (5) of the underlying assumptions.no chagpt urgent. Which of the following is a barrier to entry in a perfectly competitive industry? a)brand name recognition b)patents or copyrights c)economies of scale d) all of the above are correct e)none of the above is correct(a) Assume that although Marrow firm is presently making accounting profit it is experiencing negative economic profit in its current venture. The owner of the firm does not understand what this means and asks you to explain to him. (b) Massy super store, wishes to increase its total revenue. It offers 30%discount on every item it sells.Group A Group BVolume of sales before the 1.79 million 1.76 million 30% discount Volume of sales after the 1.84 million 1.86 million 30% discount(a) Using the midpoint method, calculate the price elasticities of demand for groupA and group B.(b) If Massy wants to increase its total revenue, which group should it offer the discount to?
- Analyse how the S-C-P approach predicts performance (welfare) based on market structure and explain fully how this concept can be used by firms. Use relevant and applied examples in support of your answer.Adani Shantigram is a picturesque township on Ahmedabad-Gandhinagarhighway. The statement ‘The Good quality life’ shows the commitment ofthe developer towards ensuring that the residents enjoy all the amenitiesand services in the township at least cost and inconvenience. In order toensure competitive outcome, ATRICO (Adani Real Estate Arm) hasensured that for all the important services, many service providers arepresent, so that none of them can charge a high monopoly price from theresidents. Therefore, there are 4 milk parlours, 4 laundromats, 4photocopiers, 4 beauty saloons and 4 grocers in the township. Thisnumber ‘4’ has been decided in a high level meeting, where this wasdiscussed that having less than 4 will result in duopoly/tight oligopoly,and having more than 4 will require more space and therefore notpreferred.Last month, the ladies in ‘Water Lily’ complained that the prices chargedby beauty saloons in the township are very high. In order to address thecomplaints, details…2) What do you understand by the term "perfect competition?" b) Give exemplary explanations? c) What do you understand by the term "Monopoly?" d) Give exemplary explanations? e) With the aid of graph, illustrated the "Marginal Cost, Average Total, Average Variable, and Average Fixed Cost" curves in production sequence.
