X D(p) = P₁, ((9)=4 420 ра a>I, X>0 What is the marginal revenue function for a monopolist? Hint using inverse demand function, p(q), and answer should have "a" term, "x/p" term separated. Please help me with clear, detailed explanation and answer.
Q: 9. Use of discretionary policy to stabilize the economy Should the government use monetary and…
A: The economy is producing natural rate of output at long run aggregate supply curve.
Q: D) nonnegotiable; negotiable With finance, borrowers ain funds from lenders by selling m securities…
A: Financial markets bring lenders and borrowers at the same place. Lenders are savers and borrowers…
Q: QUESTION 4 With the help of diagram, explain if the appropriate macroeconomic policies to defend…
A:
Q: what are foreign exchange markets and what is their most important function and its performance
A: foreign exchange markets The foreign exchange market is a market in which there will be a continuous…
Q: Smart and sustainable technologies are often criticized for being too energy-, efficiency-,…
A: A developed urban region that generates sustainable economic development and a high quality of life…
Q: What is Monopolistic Competition. What are the features of monopolistic competition?
A: Market refers to the mechanism in which buyers and sellers interact to reach an agreement on the…
Q: Use the theory of comparative advantage to explain how international trade between two countries…
A: International trade takes place when countries across the globe engage with each other and exchange…
Q: 2. Price controls in the Florida orange market The following graph shows the annual market for…
A: In the mentioned question we have been asked about the equilibrium price and quantity an also it is…
Q: Explain how the increase in government expenditure affects the currency value. Explain in 500 Words.
A: Introduction Increased government spending, as per Keynesian economics, boosts aggregate demand and…
Q: Below is the data for the maximum production of the only two products for the countries of Oz and…
A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…
Q: 30) Which of the following can be described as involving indirect finance? A) You make a loan to…
A: Borrowers get cash from the financial market via indirect channels, such as through working with a…
Q: Identify the following cash flows as a benefit, disbenefit, or cost? Cost of fish from a hatchery to…
A: Solution-1) * Cost of fish from a hatchery to stock a lake at the state park = Cost It is a cost to…
Q: Nodhead College needs a new computer. It can either buy it for $295,000 or lease it from Compulease.…
A: Cost of Computer = $ 2,95,000 and Lease Payments = $ 71,000 for 6 years. Rate of discount = 6 % Part…
Q: A Moving to another question will save this response. Question 15 Phillips Curve shows possible…
A: Phillips curve is a downword sloping curve.
Q: a) Draw the demand process cycle and label it fully. b) A door company has the following materials…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: Calculate the present worth of 9 uniform payments of $8,400 that begin 1 year from now at an…
A: Present worth implies, in the event of a Financial Offer containing Financial Consideration…
Q: Amy and Barbara share an office. They put a scent diffuser in the middle of the room, and they need…
A:
Q: A firm finds that its price elasticity of demand is 4.0. Currently, the firm is selling 2000 units…
A: An elastic demand is one in which the adjustment of quantity demanded because of an adjustment of…
Q: How to solve a tax incidence? note: 1. please provide basic or simple examples for easy…
A: The amount to which taxes are shared among buyers and sellers in a market is known as tax incidence.…
Q: Martin Malick lost his job when Holden closed down it Elizabeth plant. He has been visiting the…
A: People who are willing to work but are unable to find the job are included in labor force. Retired…
Q: why rational theory is meant as top-down approach (deductive) and why prospect/descriptive theory is…
A: In general terms, methodology refers to how a researcher does research. It's the approach he takes…
Q: Assuming the holiday-let rental market in a popular UK seaside town is perfectly competitive, use a…
A: Demand curve refers to the type of curve that shows the relation between the quantity that consumers…
Q: On the following graph, use the orange points (square symbol) to plot Caroline's free-throw…
A: The marginal cost of production and marginal revenue can be used to maximise product output and…
Q: Which of the following rule/s is/are WTO’s responsibilities? * a)All Rules regarding trade finance…
A: WTO is a forum for governments to negotiate trade agreements to settle trade disputes.
Q: 45) An increase in the expected rate of inflation will the expected return on bonds relative to the…
A: Answer- Expected Inflation :- It is an expected increase in the price level over a time interval
Q: 8. Circle on the graph where real interest rates were negative. Chart I: Inflation Is the Biggest…
A: Inflation is the rise in general price level over period of time. Irving fisher gave the equation…
Q: Please explain how a rise in the household saving rate can cause a fall in GDP?
A: Gross domestic product is the monetary value of all total goods and services produced domestically…
Q: 1. Suppose the demand for frozen pizzas is given by the following equation: QD=100-50P+25P, -1.51…
A:
Q: Carry out the SWOT analysis of the country GERMANY.
A: Introduction Germany is quite well in the European Union as an economic hub and a pillar of…
Q: Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a…
A: Social cost is a sum of private cost and external cost. External cost is the cost imposed on society…
Q: What is the difference between corporate branding and individual branding?
A: Branding refers to the market strategy of the firms to increasing the recognition of the business of…
Q: (c) Consider the following macroeconomic model Y = C + 1+ Go C = 40 + 0.8Y 1 = 0.1Y b(i) (ii) hand…
A: (i) Degrees of freedom Degrees of freedom are a statistical term that refers to the number of…
Q: Use the chart below to calculate the growth rate in real GDP per Capita. Nominal GDP Population CPI…
A: The measure that depicts the final value of goods and services being produced in an economy during a…
Q: Approximately, what is the value of the total Present worth (where Ptotal= PA+PG) if G (arithmetic…
A: The idea of present worth asserts that a sum of money in the here and now is worth more than an…
Q: The USA interest rate is 5% and the nominal exchange rate between the euro and the US dollar, E€/$,…
A: Nominal exchange rate The nominal rate of exchange is the price at which a local currency can be…
Q: Suppose that autonomous consumption is 2,190, government purchases are 590, taxes are 0, planned…
A:
Q: (c) Tropicana previously had quotas on pineapple imports to protect the domestic pineapple industry.…
A: When the government of Tropicana decides to scrap quotas to ease trade tension in the region then it…
Q: TABLE 2. Finding Equilibrium After a $30 Billion Investment Spending Decrease (All Figures in…
A: The measure that depicts the final value of goods and services being produced in an economy during…
Q: Explain the contradictory incentives associated with forming and maintaining cartels.
A: Cartel is a situation in which members of oligopoly form a group in which they work together in the…
Q: A bond is initially worth $10,000 and provides an interest rate of 4%. Enter your responses below…
A: The market rate and the price of a bond have an inverse connection. When one goes down, the other…
Q: 3. Calculate the break-even point of a beer company with the following cost data: Price Selling…
A: Breakeven point = Fixed cost / [Selling price - Marginal cost]
Q: You were just informed of the interest rate on your student loan. It is stated as 0.7% per quarter.…
A: The interest rate calculated without taking inflation into account is referred to as the nominal…
Q: Think about several different types of industries or markets and the amount of time it might take to…
A: The measure that depicts the size of business operations that are being measured by the maximum…
Q: How would customers likely react if a retailer switched its pricing strategy from one to the other?
A:
Q: Bong-Cha is deciding what to do during the 30-minute break between her college classes. One rule she…
A: Opportunity cost: It refers to the benefits that a person has to sacrifice in order to choose…
Q: The individual production points on each person's production possibilities frontier represent their…
A: Production possibility curve is used to represent the maximum amount of output that an individual…
Q: Suppose that required reserve ratio is 10%, currency in circulation is $600 billion, the amount of…
A: An required reserve proportion is the small portion of stores that controllers require a bank to…
Q: Briefly explain what schumpeter meant by the concept CREATIVE DESTRUCTION by giving an example
A: Answer: Schumpeter described creative destruction as the innovation in the manufacturing process…
Q: d, both Ana and Dina will benefit from any contributions made by the other person. Sp ll bring each…
A: Contribution margin, or dollar commitment per unit, is the selling cost per unit less the variable…
Q: An investment of $20,000 in new equipment will generate income of $7000 per year for 3 years, at…
A: Dear Student as you have posted multiple question but according to the policies and guidelines of…
Step by step
Solved in 3 steps
- Suppose that the monopolist from Question 4 is now forced to charge the same price in both markets. Using thedemand functions and cost function from Question 4, what is the total inverse demand in this case? What is theprofit-maximizing price? What is the monopolist’s profit? (Question 4 = A monopolist is operating in two separate markets. The inverse demand functions for the two markets are P1 = 35 – 2.5Q_1 and P2 = 30 – 2Q_2. The monopolist’s total cost function is TC(Q) = 8 + 5(Q_1 + Q_2). Q_1 means Q subscript 1Suppose that the demand for a special kind of silica is given by Q = 55 – 0.5P, where Q is in tons of silica per day and P is the price per ton. This special kind of silica is produced by Thorpe Industries (a monopolist) that has a constant marginal and average total cost of $10 per ton. [up to 6 points] a. Derive the inverse demand and marginal revenue curves faced by Thorpe Industries. b. Equate marginal cost and marginal revenue to determine the profit-maximizing level of output. c. Find the profit maximizing price for Thorpe Industries. d. How would your answer change if marginal cost were instead given by MC = 10+Q?A monopolist with a marginal cost MC = 2 faces two types of customer groups. Type 1 has itinverse demand function P1 = 10 - 0.5x, while type 2 has the inverse demand functionP2 = 10-x. What prices will the monopolist charge if he can discriminate on price between the two groups?Calculate, illustrate with the help of figures and explain the intuition behind the result.
- The supply chain for Pappy Van Winkle bourbon is characterized by a monopolist upstream producer and a competitive downstream retail sector. Final consumers’ demand for Pappy Van Winkle bourbon is given as: P=140-2Q, where Q is the number of bottles that are purchased each day. The marginal cost of production (i.e., performing the manufacturing function) can be written as: MCM=30+2Q, and the marginal cost of performing the retail function is MCA=20. Suppose that the two firms are not vertically integrated. Construct the final consumers’ demand curve.Consider any market that has a demand curve given by: Qd = 240 - 2P. Where Qd is the total quantity demanded in the market, given in millions of units and P is the market price, calculated in monetary units. Imagine that there are 2 Cournot oligopolists operating in this market with Cmg = CVme = 15 and fixed monthly costs equal to 1,400. About this market, ask yourself: a) What is the reaction curve of oligopolists? b) What will be the production of each of the companies? c) What is the selling price practiced by oligopolists? d) What is the profit of each of the oligopolists? e) Imagine that one of the companies managed to implement a process innovation capable of halving its Cmg and CVme, so that they would go from 15 to 7.5. This investment implies an additional monthly expense of $1,800. Discuss the statement: "If this situation occurs, the innovative company will not implement variable cost reduction, as the quantity supplied in the market will increase very little; prices will…Suppose a discriminating monopolist is selling a product in four separate markets in which demand functions are: Q1 = 450 – P1; Q2 = 200 – 0.5 P2; Q3 = 150 – 0.25P3 and Q4 = 80 – 0.4P4 Cost function is TC = 95,000 – 100Q. a. As an economic adviser, determine the Prices to be charged in the three markets and amount of output to be sold in each market so that total profits can be maximized. b.Calculate the total profit to be made from the strategy of price discrimination and clearly explain how this strategy has aided this monopolist.
- Q15 Assume that Bandai Namco is a monopolist that can sell 10 units of toy output at $5 per unit and 11 units at $4.80 per unit. For Bandai Namco to profitably produce and sell the eleventh unit of output, its marginal cost must be anywhere at or below Multiple Choice $36. $3.20. $5. $2.80. $4.80.Assume that a monopolist sells a product with a total cost function: TC = 1200+0.5Q2. The market demand curve is given by the equation: Q=300-P a) For this monopolist, the profit-maximizing price is _________, at which it will sell __________ units of output. b) If this market were supplied by many firms with the same cost function, how much would be produced? _____________ At what price would it be sold? ______________ c) Calculate the loss in efficiency in this market due to the monopoly _____________Suppose a discriminating monopolist is selling a product in four separate markets in which demand functions are: Q1 = 300 – P1; Q2 = 200 – 0.5 P2; Q3 = 150 – 0.4P3 and Q4 = 75 – 0.25P4. Assume further that the total cost of the firm is given as TC = 65,000 – 100Q. As an economic adviser you are required to determine: The prices to be charged in the four markets and the amount of output to be sold in each market so that total profits can be maximized. Calculate the total profit to be made from the strategy of price discrimination. Explain what would have happened if this monopolist did not implement this strategy of price discrimination. Elasticities in each market and comment.
- Suppose that a monopolist, who sells all units at a uniform price, faces an inverse market demand curve P=200- 4Q. If there is no cost of production, what output would the firm produce to maximize profit, what price would the firm charge, and what profit would the firm earn? Give the numerical value of these three variablesHello! I just want to ask for help whether the answers in the given pictures are correct. If it's not, please help me recheck and resolve it. Please refer to the given pictures below for the answers. After verifying the given answers shown in the subsequent picture, PLEASE ANSWER LETTER D. SITUATION/PROBLEM: Consider a price discriminating monopolist facing two markets for its good. The demand equations faced by the monopolist and its cost function are: Market 1: Q1 = 55 - P1 Market 2: Q2 = 70 - 2P2 Cost Function: TC(Q) = 100 + 5Q, where Q = Q1 + Q2. a. If the monopolist can maintain the separation between the two markets, calculate the optimal output level that the firm should produce for each market to maximize profits. b. Determine the prices the monopoly should charge in each market, and calculate the profit of the monopoly. c. Construct a graph to represent your findings in item # 3.a and #3.b. d. If the monopolist cannot maintain the separation between the two…1. Two firms compete in a market to sell a homogeneous product with inversedemand function P = 960-6Q. Each firm produces at a constant marginal cost of$60 and has no fixed costs.c. Assuming the firms collude and act as a monopolist, computei. Equilibrium price and quantityii. Total profitsiii. Consumer surplusiv. Total welfare loss relative to perfect competition (if any)
