EBK INTERMEDIATE MICROECONOMICS AND ITS
12th Edition
ISBN: 9781305176386
Author: Snyder
Publisher: YUZU
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Chapter 11, Problem 9RQ
To determine
The way in which the Acme manufacturing company which has a
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There are two movie theaters in the town of Harkinsville: Modern Multiplex (Firm 1) and Galaxy (Firm 2). The demands for each firm are: Q1 = 125 – 3.5P1 + 2P2 and Q2 = 125 – 3.5P2 + 2P1, where quantities are measured in hundreds of moviegoers. Costs per customer are: $4 for Firm 1 and $3 for Firm 2.
Instructions: Use no decimals. Use the average cost to calculate monopoly profits. Do not round if values are used to complete other calculations. Use commas (30,000 instead of 30000)
Complete the following table.
P1
P2
Q1
Q2
Profits F1
Profits F2
Firm 1 colludes, Firm 2 cheats w/ QDC
2,824
Firm 1 colludes, Firm 2 cheats w/ QBRF
There are two movie theaters in the town of Harkinsville: Modern Multiplex (Firm 1) and Galaxy (Firm 2). The demands for each firm are: Q1 = 125 – 3.5P1 + 2P2 and Q2 = 125 – 3.5P2 + 2P1, where quantities are measured in hundreds of moviegoers. Costs per customer are: $4 for Firm 1 and $3 for Firm 2.
Instructions: Use no decimals. Use the average cost to calculate monopoly profits. Do not round if values are used to complete other calculations. Use commas (30,000 instead of 30000)
Complete the following table.
P1
P2
Q1
Q2
Profits F1
Profits F2
Duopoly competition
2,059
Collusion
2,360
2. A market analysis employed by the "Sad Student Company" reveals that the number of
lots of the game named "Handsome Killer: Revenge of the Teacher" ordered by the
wholesalers when the game is offered at a price of dollars per lot is given by the formula:
p=1500 – 2.5q
a) Find the company's total, marginal and average revenues
b) Find the price and quantity maximizing the total revenue by first expressing the
revenue as a function of price rather than of quantity
Chapter 11 Solutions
EBK INTERMEDIATE MICROECONOMICS AND ITS
Ch. 11.2 - Prob. 1TTACh. 11.2 - Prob. 2TTACh. 11.2 - Prob. 1MQCh. 11.2 - Prob. 2MQCh. 11.2 - Prob. 1.1MQCh. 11.2 - Prob. 2.1MQCh. 11.3 - Prob. 1MQCh. 11.3 - Prob. 1TTACh. 11.3 - Prob. 2TTACh. 11.4 - Prob. 1TTA
Ch. 11.4 - Prob. 2TTACh. 11.4 - Prob. 1MQCh. 11.4 - Prob. 2MQCh. 11.4 - Prob. 1.1TTACh. 11.4 - Prob. 2.1TTACh. 11.4 - Prob. 1.2TTACh. 11.4 - Prob. 2.2TTACh. 11.5 - Prob. 1MQCh. 11.5 - Prob. 1TTACh. 11.5 - Prob. 2TTACh. 11 - Prob. 1RQCh. 11 - Prob. 2RQCh. 11 - Prob. 3RQCh. 11 - Prob. 4RQCh. 11 - Prob. 5RQCh. 11 - Prob. 6RQCh. 11 - Prob. 7RQCh. 11 - Prob. 8RQCh. 11 - Prob. 9RQCh. 11 - Prob. 10RQCh. 11 - Prob. 11.1PCh. 11 - Prob. 11.2PCh. 11 - Prob. 11.3PCh. 11 - Prob. 11.4PCh. 11 - Prob. 11.5PCh. 11 - Prob. 11.6PCh. 11 - Prob. 11.7PCh. 11 - Prob. 11.8PCh. 11 - Prob. 11.9PCh. 11 - Prob. 11.10P
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