Amonopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (wtp) of $100k each, another 10 customers have wtp of $150k each, another 10 customers have wtp of $200k each; and a further 15 customers have wtp of $250k. each sports car costs $50k to produce, but the production process requires a fixed machinery investment of $1.5m as well. the seller is considering setting one of the following prices: i. a price of $150k ii. a price of $200k iii. a price of $250k what is the order of the profits, from greatest to least, generated by these three pricing schemes? 1) ii > i > iii2) iii > i > ii3) i > ii > iii4) ii > iii > i

Need with my trade theory homework. i doubt what i wrote was right.consider a monopolistically competitive market for soft drinks in which n symmetric firms face the following demand function: q=s(1/n-b(p-(p with the straight line on which implies the marginal revenue functionmr=p-(q/sb)finally, suppose firms face the total cost functiontc=900,000+100qsuppose the market size, s, is 27,000,000, and the elasticity parameter b is 0.003.diagram the price and the average total cost in the market as a function of the number of firms. what are the equations for each curve, and why does each curve slope up or down? label the equilibrium number of firms and the equilibrium price in the diagram. why is this the equilibrium?

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.