Yongling is a monopoly seller of a good in a town. She has a fixed supply of 8 units and no other costs. The market demand curve for the product is P = 20–q. What is her profit if she sells to all her clients at the same price? Group of answer choices $24 $36 $72 $48 $96
Q: Check check answer before submit and add explanation and calculation
A: 1. If the economy is operating below the natural level of output, it suggests there is a…
Q: Imagine you have some workers and some handheld computers that you can use to take inventory at a…
A: Step 1: Step 2: Step 3: Step 4:
Q: Two small engines are designed to help cleaning operation in a petrochemical company. Both seem to…
A:
Q: 4. Exchange rate crisis The following graph shows the market for euros in terms of the Malaysian…
A: .Ans. ) Given the question, consists of graph that shows the demand and supply of euros.in terms of…
Q: Figure 5.6 shows a vertical demand curve. The price elasticity of demand in the figure below is…
A: A vertical straight line demand curve parallel to Y-axis shows no change in the demand irrespective…
Q: Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity…
A: Step 1: a) Use cash flow approach (insider's viewpoint approach) we can analyze this scenario using…
Q: It is ten days until the scheduled vote on the proposed minimum wage hike. The leader of the Senate…
A: Approach to solving the question:I rejected the compromise because I believe that compromising on…
Q: uestion 28 ot yet swered arked out of 0 Flag estion In the Keynesian AE model, if the autonomous…
A: Now, the formula for actual aggregate expenditure (AE) is:AE=C+I+G+NXBut, actual aggregate…
Q: The young expert Hand written solution is not allowed please
A: Given,Required reserve ratio: r=1 since there are no excess reserves and required reserve ratio is…
Q: Suppose L= 100 1000R 20Y if R 0.09, Y = 488 Suppose Money supply increases to 213,688, calculate the…
A: Given information: L ( real money demand) = 100 - 1000R + 20Y, R = 0.09, Y = 488. Finding the…
Q: None
A: Monopolistic competition is a market where there are large number of firms, which sells…
Q: A person wants to deposit an unknown lump-sum amount into an investment opportunity 2 years from now…
A: Step 1:We have to calculate the amount of lump sum which will be deposited 2 years from now.We have…
Q: Back uestion 9 not yet swered Marked out of Time left 0:45:08 Given the profit function for firm 2;…
A: To find the profit-maximizing output level for firm 2, we need to maximize its profit function by…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Verifying the Solution:Now that we know the values for p_M, p_L, and p_E, we can use them to see if…
Q: Suppose that Aneesha's only variable cost is labor. Assume that Aneesha faces daily fixed costs of…
A: Given that, Fixed Cost is 50Variable Cost is 40/unit Total cost is the amalgamation of the fixed…
Q: Table 14-8 "W" earns $3 million Wide Awake ("W") High price Low price "W" earns $4 million High…
A: 1.Zuma will select a low price and Wide Awake will select a high price. This would give Zuma $4…
Q: This problem considers the decisions of a consumer whose preferences are given by u(C,1)=C+4 lnl, in…
A: By calculating the partial derivative of the utility function u(C, l) with regard to leisure (l) and…
Q: An employee asks her boss whether she can transfer offices, so that she can work in a different part…
A: a) As the designated base location, the compensation in Cleveland remains unchanged at $80,000 even…
Q: Summarise the most recent research on the effects of emissions and related laws on the economic…
A: Recent research on the effects of emissions and related laws on the economic growth of the BRICS…
Q: None
A: Increased government spending directly stimulates the economy and can raise aggregate demand without…
Q: What is the current state of Eskom?
A: Despite efforts to address its long-standing problems, Eskom, the state-owned energy utility in…
Q: None
A: Part 3)Let's analyze each option:The Coase externality: This refers to situations where an economic…
Q: Until recently, the standard hours worked per week for a worker in Korea was 50 hours. The…
A: Korean employers oppose the 44-hour workweek due to concerns about increased labor costs,…
Q: Calculate the total revenue if the firm produces 16 versus 15 units. Then, calculate the marginal…
A: Explaining the calculation of total revenue, marginal revenue, and plotting the marginal revenue…
Q: Hand written solutions are strictly prohibited
A: 1. Keeping the old system: Annual Worth (Old) = Annual operating and maintenance cost + Salvage…
Q: Using sound economic theory, develop a macroeconomic econometric model that would test the…
A: Econometric Model of Globalization and Economic Development in South AfricaThis model aims to…
Q: None
A: In a perfectly competitive firm, to find the approximate units to be produce, use the diagram. Then…
Q: Q3 Consider the problem: max U = xy³ subject to x² + y² ≤ 200 x + y ≤20 x, y≥0 a) Write down the…
A: A Comparative Analysis of Kuhn-Tucker Conditions and Lagrange Multipliers for Constrained…
Q: You want to buy a $249,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…
A: a) To calculate the loan amount, we need to subtract the down payment from the total home price.…
Q: The Phillips Curve and Inflation - End of Chapter Problem Recently, policy makers have debated…
A: a. This will cause an immediate shift to the left in the short-run Phillips curve. The Phillips…
Q: Yatta Net International has manufacturing, distribution, retail, and consulting divisions. Projects…
A: Managers typically deal with within-firm risk and beta risk when evaluating potential projects in a…
Q: Inflation Rate (П) 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 0 1,000 15.0% 14.0% LRAS…
A: Summary:Short-run impact: Inflation falls to around 5%, cyclical unemployment rises to around…
Q: consider the following development which happened at the same time: households reduced their…
A: $1 million less in cash held by households in favor of bank deposits:A $1 million reduction in…
Q: Am. 116.
A: The B/C (Benefit-Cost) analysis is a method used to evaluate the financial efficiency of a project…
Q: Your company is an oil company located in Saudi Arabia. Use this to answer the following question…
A: 1a. Staffing Policies for International Companies Ethnocentric Approach: The ethnocentric staffing…
Q: Show how a consumer would choose between medical care and health(y) behavior activities using the…
A: Solution By StepsStep 1: Constructing the Consumer Choice Model We started by setting up a…
Q: Q1. Consider a consumer with a lifetime utility function U(c, c') = u(c) + Bu(c) that satisfies all…
A: REFERENCEWillman, A. (2003). Consumption, habit persistence, imperfect information and the lifetime…
Q: Year Nominal GDP Real GDP 1 5,100 4,800 5,500 5,750 5,000 5,100 Saved Refer to the table. GDP…
A: For year 2 we know the nominal and real GDP values, so from that we get GDP Price index as per below…
Q: When a store cannot get an item due to a lack of supply, it can offer the customer a few options.…
A: Offering an item for free when supply is restored would not be a sustainable approach for the store.…
Q: Given that u = 10 and σ = 5, fill in the following probability statement if we are trying to find…
A: Step 1 :The empirical rule state that :68% of the data values lie within 1 standard deviation…
Q: Which of the following is an example of a macroeconomic indicator? A)The price of a specific…
A: Macroeconomics is the branch of the economics which studies the overall economy on a large scale,…
Q: Day care is provided by a competitive constant-cost industry at a price of $40 per child per day.…
A: Let's simplify the explanation with examples: (i) In the short run: Price of day care: Imagine…
Q: Consumer surplus is the difference between what a consumer is willing to pay and what they actually…
A: Ans. ) Given that the question is to find the consumer surplus and producer surplus. Also, the…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: a). As per the given data Exchange Table is as follows: Distribution Of output From Purchase…
Q: Am. 112.
A: Option a: This option is correct because externalities lead to suboptimal outcomes in markets. When…
Q: why we shouldn't use "specific to general approach" of augmentation order p in econometrics? what…
A: The following is a step-by-step explanation of the response to the aforementioned query.…
Q: Assuming a firm’s weighted average cost of capital is 12%, what is the discounted payback period of…
A: Calculate the discounted payback period of the project using Excel as follows:Formula sheet:Note:To…
Q: The following table compares the completion percentage and interception percentage of 5 NFL…
A: Step 1:Given:Completion PercentageInterception Percentage554.5594.2603.5602.9621.4Step…
Q: Give an example of entry barriers. Do entry barriers provide an opportunity for businesses to…
A: Entrance barriers are impediments that new businesses find difficult to overcome in order to…
Q: Imagine that there are two people in one room - Mary and Jane. Mary is smoking cigarettes. The table…
A: Step 1: Step 2: Step 3: Step 4:
Step by step
Solved in 2 steps
- A firm faces two types of consumers. Consumer A has an inverse demand of P = 120- 10 Q and consumer B has an inverse demand of P = 60-2Q. The firm has a constant marginal cost of $20. Assume the firm does not know which type a given consumer is. She offers to sell the good at a price of 70$ per unit. However, if the customer buys 10 or more units, she will offer a quantity discount and charge only 40$ per unit (including the first 10). Which consumer will use the price discount? Both consumers will chose the quantity discount. Neither of the two consumers will opt for the quantity discount. Instead, both will purchase at the higher price of 70 and buy less than 10 units each. Customer A will choose the quantity discount and customer B will not choose the quantity discount. Customer B will choose the quantity discount and customer A will not choose the quantity discount. Neither costumer will purchase from this firm at all.A firm faces two types of consumers. Consumer A has an inverse demand of P = 120-10 Q and consumer B has an inverse demand of P = 60-2Q. The firm has a constant marginal cost of $20. Assume the firm does not know which type a given consumer is. She offers to sell the good at a price of 70$ per unit. However, if the customer buys 10 or more units, she will offer a quantity discount and charge only 40$ per unit (including the first 10). Which consumer will use the price discount? Question 7 options: Neither costumer will purchase from this firm at all. Customer A will choose the quantity discount and customer B will not choose the quantity discount. Both consumers will chose the quantity discount. Neither of the two consumers will opt for the quantity discount. Instead, both will purchase at the higher price of 70 and buy less than 10 units each. Customer B will choose the quantity…Problem 3 A monopolist sells its product to 5000 consumers. Each of these consumers has a utility function of the form: u(x, m) = kx − x² + m, where x is the quantity of the good consumed, m is money left over and k is a parameter that can take different values: 1000 consumers have k = 4, another 1000 have k = 5 and 3000 have k = 6. Initially, each consumer has 100€ that he may spend. The marginal cost of producing this good is 1€. 1. The monopolist sets a price of p per unit that it charges to every consumer. What price maximizes the firm's profit? How much profit does the firm make?
- What membership fee would maximize profit for the club? Compared to the profit of a similar but single-price monopoly golf club, how much more profit does Northlands Golf Club make?Yongling is a monopoly seller of a good in a town. She has a fixed supply of 8 units and no other costs. The market demand curve for the product is P = 20-q. What is her profit if she sells to all her clients at the same price?As a manager of a music venue (assume a monopoly market), you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves at your theater. On weekends, the inverse demand function is P = 24 − 0.0005Q; on weekdays, it is P = 20 − 0.0025Q. Each night you hire an act to play costs about $75,000 for the band, and about $5.00 per person (staff, food, drinks). Devise a pricing strategy to maximize your firm's profits.
- You are the manager of a pizzeria that produces at a marginal cost of $6 per pizza. The pizzeria is a local monopoly near campus (there are no other restaurants or food stores within 500 miles). During the day, only students eat at your restaurant. In the evening, while students are studying, faculty members eat there. If students have an elasticity of demand for pizzas of −4 and the faculty has an elasticity of demand of −2, what should your pricing policy be to maximize profits?An umbrella manufacturer sells its product in Nevada and Oregon. Due to different climates, each state has different demands for umbrellas. The marginal cost of production is the same in each state and is a constant $10. The demand curve for raincoats in each state is: QOregon = 120-2P (or P = 60 -0.5QOregon) QNevada = 60 - 4P (or P = 15 -0.25QNevada) The umbrella manufacturer wants to practice third-degree price discrimination. How much should it charge in each state? (Assume that resale between the states is not possible.) P = $10 (price = marginal cost) in both Oregon and Nevada. P = $35 in Oregon and P = $10 in Nevada. P = $35 in Oregon and P = $12.5 in Nevada. It should only sell in Oregon, and charge P = $35 there. None of the above choices are correct.You are the manager of a monopolist that produces women shoes and faces a random marginal cost. The demand for women shoes is O = 1000 - 0.1P Marginal cost can be constant at either $60 with a probability of 50% or $40 with a probability of probability of 50%. Draw a graph and plot the demand for shoes. Derive the marginal revenue curve and plot it on the graph. Find the price and output that maximize profits. Find the firm's profits.
- Suppose Bang Bang is the only local swimming pool. She believes that there are 10 potential customers. Each of them has an identical demand function of QI = 250 – 0.02P, with QI as the unit of services of each customer. She operates with a constant variable cost of $500 per unit of service. In reality, demand from different customers may not be identical. Discuss how this might create problems to Bang Bang in conducting a two-part tariff.5Exercise 4.2 "With respect to the monopoly equilibrium without price discrimination, first-degree price discrimination increases the profit of the enterprise at the expense of reducing social welfare." Do you agree with this statement? Reason your answer and represent graphically.