7 Chief Theresa Spence of the Attawapiskat First Nation, who went on a liquid fast to protestthe perceived failure of the federal govemment to honour treaty rights and obligations,became a major spokesperson for Idle No More.Select one:O TrueO FalseNextge

In Canada, Chief Theresa Spence was the known or prominent figure when talking about economic…

Chief Theresa Spence of the Attawapiskat First Nation, who went on a liquid fast to protest the perceived failure of the federal government to honour treaty rights and obligations, became a major spokesperson for Idle No More. Select one: O True O False Nex

Chief Theresa Spence of the Attawapiskat First Nation, who went on a liquid fast to protest the perceived failure of the federal government to honour treaty rights and obligations, became a major spokesperson for Idle No More. Select one: O True O False Nex

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 3E

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As an international manager of a US business that has just developed, I would export the computer from the US because I will have full control of how the computer will be manufactured and distributed to Europe. Another pro that I would consider to export from the US is that the patent would be able to protect the design of the computer, which will reduce the result of the property being an infringement. A con from exporting from the United States that it would cost more money from the taxes, duties, and the trade barriers that are from Western Europe. Another con would be that it would take much longer to exist something from over seas. First, I will start with the cons of the process where you might not have full control over the manufacturing process, which can really impact the product of the computer. This can significantly be a bad idea. A pro of having to license a European firm to manufacture and market the computer in Europe would be how they know all of the distribution…
At these levels of output the marginal revenue in the manufactured items market is and the marginal revenue in the semimanufactured raw materials market is . At these prices, the price elasticity of demand in the manufactured items market is and the the price elasticity of demand in the semimanufactured raw materials market is . (Hint: ED=PMR−P��=�MR−�) What are the total profits if the company is effectively able to charge different prices in the two markets? . If the company is required by law to charge the same per-ton rate to all users, the new profit-maximizing level of price and output are per ton and tons respectively. The total profits in this situation is .
A lobbyist arguing against a new regulation claims there is no market power in the phone industry with several differentiated competitors because economic profits are very small. What is right or wrong with this argument? a The lobbyist is right--if there were market power, we'd have to see large economic profits as a result. b The lobbyist is right--if there are no economic profits, then we know that there's no market power. c The lobbyist is wrong--small economic profits are irrelevant. We need to know the accounting profit. d The lobbyist is wrong--monopolistically competitive industries have no economic profits in the long run.
True/False 1. In a principal-agent relationship between owner and manager with hidden e§ort, the owner can design a wage scheme that insures the optimal Örst best e§ort by the manager regardless of the risk aversion of the manager. Justify your answer. 2. Consider a monopoly that faces an inverse demand curve and has a linear cost function. The monopoly would be indi§erent when maximizing proÖts between either choosing quantities or choosing prices. 3. A multiproduct Örm that as monopoly power over several products sets lower prices than separate Örms (each controlling a single product) when the products are substitutes or when there are economies of scope. 4. In the dominant Örm model (‡ la Hotelling) an increase in the marginal cost of the dominant Örm (with constant marginal costs) implies that proÖts necessarily decrease. 5. Suppose that an industry has 10 Örms where the market shares are ordered from the most to the least dominant Örm f0:5; 0:37; 0:05; 0:03; 0:02; 0:01;…
A market analysis employed by the “Sad Student Company” reveals that the number oflots of the game named “Handsome Killer: Revenge of the Teacher” ordered by thewholesalers when the game is offered at a price of dollars per lot is given by the formula:p=1500-2.5qa) Find the company’s total, marginal and average revenues b) Find the price and quantity maximizing the total revenue by first expressing therevenue as a function of price rather than of quantity
tue or false? after an industry is regulated by federal regulatory agency, companies in the industry can maintain their long run vaibility by continuing to focus on making better products or services.
What does it mean if Saudi's Aramco goes public, like the effects, the benefits, etc.. what would happen to the businesses
Acme Drug Co. has a patent on the drug A-rene, the annual demand for which can be described by the demand curve: Q = 4500 - 300P. Production of the drug requires an annual fixed cost of $3,000 and a per unit marginal cost of $5. (i) How many units of the drug will Acme produce each year, and what price will it charge, in order to maximize its profits? What will be its annual profits? (ii) Now suppose that the Better Drug Co. has discovered B-rene, a new drug which seems to be identical to A-rene in all its effects. If Better enters the market, competition with Acme will conform to a Cournot duopoly. Better’s costs are identical to those of Acme. What would be the equilibrium outcome of this duopoly? Specifically, how much would each firm produce and what would be the price? How much profit would each firm make? Would Better find it profitable to enter the market? (iii) Would it be in the interests of society as a whole for Better Drug to enter into production? Identify the gainers and…
2. Compute the equilibrium prices, quantities, and profits for both firms. Consider now the first stage. 3. Show that in equilibrium firms will go for a maximal quality difference. (Hint: take partial of equilibrium profits with respect to s2 − s1) 4. If you were a lobbyist for firm 1, as a business strategy would you argue to the policymakers to introduce legislation – in the name of safety and quality of course – that increases or decreases the value of c?
Consider any market that has a demand curve given by: Qd = 125 - 0.4P. Being the total quantity demanded in the market, given the quantity in millions of units and the market price, calculated in monetary units. Imagine that there are 2 Cournot oligopolists operating in this market that have Cmg = CVme = 2. About this market, the question is: a) What is the reaction curvature of the oligopolists? b) What will be the production of each of the companies? c) What is the sale price for oligopolists?
In a market demand and supply equations are: The demand curve is given as P = 900 - 10QThe supply curve is given as P = 300 + 20Q 2) Assume a monopoly condition for the above market. a) What are the monopoly market price and quantity?b) What is the consumer surplus?c) What is producer surplus?d) What is the total wealth?e) What is the Deadweight Loss?Please show full work and explanation, Thank you in; I will leave a good rating!
2. A car importer was preparing in September 2021 to accept the 2022 models. In order to clear the stock of cars of older models, it offered in August 2021 a discount of €1,750 from the normal price of €52,500. As a result, sales increased from the average level of 50 units to 75 units in the month of August. (a) On the basis of the normal price, calculate the price elasticity. b) What discount had to be made in September in order to sell the remaining stock of 90 cars of model 2021?