A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Qd = 90 -0.5P, and the marginal cost of production is $110.a. Determine the optimal number of units to put in a package. 35 units b. How much should the firm charge for this package? $
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- A monopoly sells its good in the United States, where the elasticity of demand is −2.5, and in Japan, where the elasticity of demand is −5.3. Its marginal cost is $7. At what price does the monopoly sell its good in each country if resales are impossible? The price in the United States is $_____. (Round your answer to the nearest penny.) The price in Japan is $____. (Round your answer to the nearest penny.) Only typed answeres A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Qd = 100 -0.5P, and the marginal cost of production is $80. a. Determine the optimal number of units to put in a package. units b. How much should the firm charge for this package? $A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer’s demand for the product is Qd = 100 − 0.25P, and the marginal cost of production is $140. a. Determine the optimal number of units to put in a package. b. How much should the firm charge for this package?
- A monopolist sells boat insurance policies linked to their registrations in two states, and resales between the two states is not allowed, as the registrations are in line with the rules set in each state. The demand curves for car insurance policies in the two states are: P1 = 200 – Q1 P2 = 150 – Q2 The monopoly's marginal cost is $50. a. Find the equilibrium quantity and price charged in each state. b. How would change the outcome if the monopolist’s marginal cost increases from $50 to $70 only in the first state for the company being able to discriminate prices between states? c. What would be the outcome if the government applies a tax of $30 per insurance (unit) to the latest scenario presented in b)? d. Present a graphical representation of this case study and discuss about the profit maximising output under the different scenarios presented above. Does the government have other alternatives to intervene this market?A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer’s demand for the product is Qd = 120 − 0.5P, and the marginal cost of production is $150.a. Determine the optimal number of units to put in a package. units b. How much should the firm charge for this package? $A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Qd = 110 - 0.5P, and the marginal cost of production is $140. a. Determine the optimal number of units to put in a package. units b. How much should the firm charge for this package?
- Suppose a monopoly's price elasticity of demand equals -2 and the marginal cost of production equals $400.00. The profit-maximizing price is $ (Enter a numeric response using a real number rounded to two decimal places., What will be the firm's markup? When maximizing profit, the monopoly's markup is percent. (Round your response to the nearest percent.) 20 Mact 80 F1 F2 F3 F4 F5 F6 F7 @ 23 $ & 1 3 4 7 8 Q W E R YA monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Qd = 120 – 0.25P, and the marginal cost of production is $160. a. Determine the optimal number of units to put in a package.the supply curve is given Qs= P and the demand curve is given by Qd = P QD = 12 -. 5P Q and mariginal cost is zero 1. there was a monopoly, with the same supply curve. Given the option between selling 6,000, 8,000 and 10,000, which would the monopolist choose? What will the consumer surplus be? 2. Graphically represent the effects of an increase in demand.
- You run a monopoly firm that serves two types of consumers. Individual type-A consumers have a value of 8 for their first unit of your product, a value of 4 for their second unit, and a value of zero for all additional units. Individual type-B consumers have a value of 5 for a single unit of the product and zero for any additional units. There are 3 type-A consumers and 5 type-B consumers. Your marginal cost is zero. b) If your firm can practice first-degree price discrimination, how many units are sold to each consumer and how much does each consumer pay? What is your total profit?A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 − 0.5P, and the marginal cost of production is $100. a. Determine the optimal number of units to put in a package. b. How much should the firm charge for this package?A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer's demand for the product is Qd=90-0.5P, and the marginal cost of production is $110. a. Determine the optimal number of units to put in a package. b. How much should the firm charge for this package?