demand function for a firm's domestic and foreign markets are: AT) (5.4) P¡ = 50 - 401 Pa=40- 5Q2 and the total cost function is: TC= 25 + 120, where Q = Qi + Q. a/ Determine
Q: Which kind of economic measures do you recommend at the current economic situation which is…
A: Stagflation is defined as an economy that is suffering both an increase in inflation and a…
Q: 1. Suppose there are two consumers, A and B. The utility functions of each consumer are given by:…
A:
Q: 8. Using the following data, total population 900 million, population under 16 years of age or…
A: Unemployment is basically refers to that Situation when people are actually not getting job in the…
Q: How change in bond yield affect the economy?( 2000 words)
A: Monetary policy, specifically the direction of interest rates, has a significant impact on bond…
Q: Question 20 Njeri works part-time but she is a full-time student at PGCC. She can go to school by…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Nike shoes and Wolverine Hiking Boots: % change in demand for Nike = 1% % change in price of…
A: Given; Percentage change in demand for Nike= 1% Percentage change in price of Wolverine Hiking…
Q: what do you know about the current needs of the Indonesian people for cooperatives
A: Indonesia is one of the Southeast Asia's largest economy and the world's fourth most populous…
Q: 3. Two firms make bicycles and they are willing to supply bicycles each week as follows: Peddle A…
A: "Supply generally indicates a positive relationship between price and quantity supplied of a…
Q: Competition results in the efficient output mix because Select one: a. producers set MRT equal to…
A: The (MRT) is the quantity of units or measure of a decent that should be done without to make or…
Q: D4) Finance please describe the fdi inflow in zimbabwe as a percentage of gdp and explain the…
A: Foreign direct investment FDI which is foreign direct investment refers to the investment of capital…
Q: In a country there are 4 types of individuals The utility function of the ith type is given by: U,…
A: Utility is a term in economics that alludes to the complete fulfillment got from consuming a good or…
Q: You are the owner of QuantCrunch Corporation, a company that recently spent $15,000 to develop a…
A: A pricing strategy is used for establishing the best price for a product or service.
Q: 2. Answer the questions below using the cost curves for the price-taking firm shown in the following…
A: "A price-taking firm represents a firm in a perfectly competitive industry. Firms in this industry…
Q: Problem Set 2. Measures of Location/Position Instruction: The following data set are grades of…
A: In order to calculate the 3rd Quartile, Percentile the researcher needs the number of items involved…
Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…
A: A price-taker is an individual or organization that should acknowledge winning prices in a market,…
Q: 1. Given the series of payment at the end of each year as follows: P 1000 Year 1 Year 2 1500 Year 3…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…
Q: Is this how information is distributed in a normal organizational hierarchy?
A: An organization may be structured using a hierarchical model by establishing distinct levels of…
Q: Describe the difficulties that can arise in implementing fiscal policy.??
A: Fiscal policy is basically known to be as the Policy where the government actually used three…
Q: Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC=…
A: Given Short run average cost ATC = $12 Short run average variable cost AVC = $8 Short run marginal…
Q: 7. What price should you charge to maximize profit? How much profit would this product generate in a…
A: Profit maximization is essential for a company's existence and growth. Wealth Maximization, on the…
Q: Indicate whether the statement is true or false, and justify your answer. 1. The internal rate of…
A: The internal rate of return (IRR) is a measurement utilized in monetary examination to gauge the…
Q: Questions 3. For each of the following production functions, determine whether it exhibits…
A: "In economics, production function indicates the relationship between the factor inputs used in the…
Q: Suppose that your demand schedule for pizza is as follows: Price Quantity Demanded (income =…
A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…
Q: If nominal GDP increases from one year to the next, O prices real GDP or prices or both real GDP…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Choose then discuss in details and in your own English, i.e. DO NOT COPY from the textbook 1. The…
A: We are choosing the first topic for discussion- The WTO Dispute Settlement procedures. One of the…
Q: many video game retailers make a great deal of money by taking advantage of the doctrine of first…
A: Doctrine of first sale:- The first sale doctrine states that individuals which intentionally obtains…
Q: Instructions The Mystery of Low Unemployment and Low Inflation: Background Information: The actual…
A: In an economy a rise in the general level of price is called as inflation rate.
Q: Which of the following represents the opportunity cost of X in terms of Y? a. Px/Py = MPLx/MPLY b.…
A: The opportunity cost of X in terms of Y is the amount of Y that needs to be sacrifice in order to…
Q: Desmond works as an accountant making $80,000 per year. He is considering leaving his job to open an…
A: After taking into account both explicit and implicit expenses, economic profit is the amount of…
Q: hand written plz Analyze the decision tree below to answer the following question: Don't Enter $1…
A: We always use Backward Induction to solve extensive form games and we will be using the same in this…
Q: What is the overall outcome for this game? Group of answer choices (Don't Enter, Price War) (Don't…
A: Using backward induction we can solve this decision tree game. In backward induction, we move from…
Q: In Thailand market, suppose that gold has an estimated price elasticity of demand of -1.2.…
A: price elasticity of demand refers to the percentage change in quantity demanded due to percentage…
Q: Yverrry is earning $200,000 per year as medical sales representafive. Due to the covid pandemic, she…
A: Accounting profit = Total revenue - Explicit costsEconomic profit = Total revenue - Explicit costs -…
Q: at +4 Ct myt-1 24 act-1 P, c is consumption, i is investment, m and a are multipl wn a difference…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first 3 question for you. If…
Q: It is proposed to place a cable on an existing pole line along the shore of a lake to connect two…
A: Since the question you have posted consists of multiple parts, we will answer the first question for…
Q: Products that are in the process of production but are finished and sold by the end of the year are…
A: GDP is the sum of consumption spending, investment spending, government spending, and net exports.
Q: MNCs from emerging markets (India, China, Brazil) are beginning to challenge the dominance of…
A: The production and selling of goods and services between countries is known as global business, or…
Q: how important and efficient is the WTO to provide help for poor countries?, how can we measure their…
A: 1) The World Trade Organization( WTO) was innovated on January 1, 1995, as we all know. The World…
Q: A Company manufactures and sells one product. The product has the following cost and revenue date:…
A: Given Variable cost per unit (AED)=30 Advertising cost (AED) =257,364 Rent (AED)=100,000 Heating…
Q: The PPF illustrates the principles of constrained choice, opportunity cost, and scarcity. Consider a…
A: The curve that depicts various combinations of goods that could be produced using the given…
Q: b) If investor’s revise their expectations and now expect that Canada’s inflation rate will increase…
A: Yield curve represents the returns on the bond and time horizons. Yield curve helps us to understand…
Q: how important and efficient is the WTO to provide help for poor countries?, how can we measure their…
A: WTO WTO stands for World trade organization. The World trade organization manages the trade…
Q: A car industry invested $20,000 in cars with a 3-year useful life. The cars will have no salvage…
A: Net Present Worth, or NPW, refers to the difference between present worth of cash inflows and the…
Q: 3. What is the equivalent annual worth (in years 1 thru 10) of repair costs of $15,00 in years 1…
A: Repair cost is given to be as:- $15,000 in year 1 thru 4 and $20,000 in year 5 thru 9 Interest…
Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability.
A: The policy that makes use of revenue that is collected and expenditures incurred by the government…
Q: Transformers for underground works were planned to be provided. Type A has an initial cost of…
A:
Q: Suppose this is the market of oil workers in Texas. Assume that coal is a substitute for oil. Draw a…
A: Substitute goods are that goods that can be used in place of one another. The demand of substitute…
Q: In your own words explain how the world's economy work.
A: World economy is aggregation of all economies across the world. The globalization is key factor…
Q: With the estimates shown below, Sarah needs to determine the trade-in (replacement) value of machine…
A: The measure that depicts the costs of ownership and operation of an asset over its entire life is…
A10.
The demand function for a firm's domestic and foreign
markets are:
AT) (5.4)
P¡ = 50 - 401
Pa=40- 5Q2
and the total cost function is:
TC= 25 + 120, where Q = Qi + Q.
a/ Determine the prices needed to maximize profit with and without
discrimination;
b/ Find the maximum profit values in these two cases and give your comment.
Step by step
Solved in 3 steps with 5 images
- The demand function for a firm's domestic and foreignmarkets are:AT) (5.4)P¡ = 50 - 401Pa=40- 5Q2and the total cost function is:TC= 25 + 120, where Q = Qi + Q.a/ Determine the prices needed to maximize profit with and without pricediscrimination;b/ Find the maximum profit values in these two cases and give your comment.Discuss the importance of price elasticity of demand, income elasticity of demand and cross price elasticity of demand to a sales manager selling soft drinks like Coca Cola If a firm faces the Marginal Cost schedule MC = 180 + 0.3Q2 and the MR schedule is MR = 540 = 0.6Q2 and that Total Fixed costs are $65. What is the maximum profit it can make? Assume that the second-order condition for maximum is metSuppose that BMW can produce any quantity of cars at a constant marginal cost equal to$50 and a fixed cost of $22,500. You are asked to advise the CEO as to what prices andquantities BMW should set for sales in Europe and in the United States to maximize its profits.The demand for BMWs in each market is given by:QE = 8,000 – 80PE and QU = 4,000 – 20 PU,where the subscript E denotes Europe, the subscript U denotes the United States. Assume thatBMW can restrict U.S. sales to authorized BMW dealers only. Support your answersgraphically as well.a. If, by an international agreement between Europe and United States, BMW wereforced to charge the same price in each market, what would be the quantity sold in eachmarket, the equilibrium price, and the company’s profit?b. Suppose now that Europe and United States signed a new trade package under whichBMW now can charge different prices across the two markets. What quantity of BMWsshould the firm sell in each market, and what should the price be…
- please solve question 4- Prove that total revenue is maximized for a linear demand function, P = a - bQ point where Q = a / 2 * b . - Minimize the following cost function: TC = 1/3 * Q ^ 3 - 8.5Q ^ 2 + 60Q + 27You own a private parking lot near shard building with a capacity of 600 cars. The demand for parking at this lot is estimated to be Q=1,000 - 2P, where Q is the number of customers with monthly parking passes and P is the monthly parking fee per car. Derive your marginal revenue schedule. What price generates the greatest revenues? Your fixed costs of operating the parking lot, such as the monthly lease paid to the landlord are £25,000 per month. In addition, your insurance company charges you £20 per car per month for liability coverage and the shard building charges you £30 per car per month as part of its policy to discourage the use of private cars in the city centre. What is your profit maximising price?According to International Data Corporation (IDC), the number of worldwide smartphone owners will soon exceed 1.5 billion. That number is expected to grow at nearly 10 percent per year for the next five years. While the actual cost of a smartphone is about $300, wireless carriers in some countries offer their customers a “free” smartphone with a two-year wireless service agreement. Is this pricing strategy rational? Explain
- James mainly sells confectionery items, newspapers, magazines and cigarettes in his convenience store. Noting his small business is not thriving, he thought of selling hot pies and rolls too. Suppose the total cost function for rolls and pies is, TC = 900 + 50Q, Q = Q1 + Q2 Where Q1 and Q2denote the quantities of rolls and pies respectfully. If P1 and P2 denote the corresponding prices, the inverse demand equations are. Q1 = 70 - P1 and 0.5Q2 = 100 - P2 a)If James decides to make a total of 48 rolls and pies per day and charges different prices as above (that is, P1 ≠ P2 ), how many of rolls and pies each should he make in order to maximize the profit of a particular day? Estimate and interpret the Lagrange Multiplier λ [note: assume second-order conditions are satisfied]. b)Using your knowledge of input-output tables, explain which components of the economy will be affected if all convenience stores, including James’, closed down for three months due to the COVID-19. What would…Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,00 and a fixed cost of $10 billion. You are asked to advise the CEO as to what prices and quantities BMW should set for sales in Europe and in the United States. The demand for BMWs in each market is given by QE=4,000,000−100PE and QU=1,500,000−20PU where the subscript E denotes Europe, the subscript U denotes the United States. Assume that BMW can restrict U.S. sales to authorized BMW dealers only. a. What quantity of BMWs should the firm sell in each market, and what should the price be in each market? What should the total profit be? (round dollar amounts to the nearest penny and quantities to the nearest integer) In Europe equilibrium quantity is 1,000,000 cars at an equilibrium price of $30,000 In United States equilibrium quantity is 550,000 cars at an equilibrium price of $47,500 BMW makes a total profit of $15.125 billion. I Need help with this part: If BMW were forced…Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,00 and a fixed cost of $10 billion. You are asked to advise the CEO as to what prices and quantities BMW should set for sales in Europe and in the United States. The demand for BMWs in each market is given by QE=4,000,000−100PE and QU=1,500,000−20PU where the subscript E denotes Europe, the subscript U denotes the United States. Assume that BMW can restrict U.S. sales to authorized BMW dealers only. a. What quantity of BMWs should the firm sell in each market, and what should the price be in each market? What should the total profit be? (round dollar amounts to the nearest penny and quantities to the nearest integer) In Europe equilibrium quantity is 1,000,000 cars at an equilibrium price of $30,000 In United States equilibrium quantity is 550,000 cars at an equilibrium price of $47,500 BMW makes a total profit of $15.125 billion. I Need help with this part: If BMW were forced…
- [Suppose] A Cmpany is the sole provider of electricity in the various districts of Dubai. To meet the monthly demand for electricity in these districts, which is given by the inverse demand function: P = 1,200 − 4Q, the company has set up two electric generating facilities: Q1 kilowatts are produced at facility 1 and Q2 kilowatts are produced at facility 2; where Q = Q1 + Q2. The costs of producing electricity at each facility are given by C1(Q1) = 8,000 + 6Q1 C2(Q2) = 6,000 + 3Q2 + 5Q22 What is the MR function? What is the MC function of each facility? What is the MC function of the firm?[Suppose] A Cmpany is the sole provider of electricity in the various districts of Dubai. To meet the monthly demand for electricity in these districts, which is given by the inverse demand function: P = 1,200 − 4Q, the company has set up two electric generating facilities: Q1 kilowatts are produced at facility 1 and Q2 kilowatts are produced at facility 2; where Q = Q1 + Q2. The costs of producing electricity at each facility are given by C1(Q1) = 8,000 + 6Q1 C2(Q2) = 6,000 + 3Q2 + 5Q22 Calculate the profit maximizing output levels of each factory?[Suppose] A Cmpany is the sole provider of electricity in the various districts of Dubai. To meet the monthly demand for electricity in these districts, which is given by the inverse demand function: P = 1,200 − 4Q, the company has set up two electric generating facilities: Q1 kilowatts are produced at facility 1 and Q2 kilowatts are produced at facility 2; where Q = Q1 + Q2. The costs of producing electricity at each facility are given by C1(Q1) = 8,000 + 6Q1 C2(Q2) = 6,000 + 3Q2 + 5Q22 Calculate the profit maximizing output levels of each factory? What is the profit maximizing level of price? What is the maximum profit?
