Business, 15.11.2019 00:31 marcustuo1

Let demand for car batteries be such that q = 100 − 2p. assume constant marginal costs of 25. compute the equilibrium price, quantity, consumer surplus, producer surplus and if relevant deadweight loss for:

a perfectly competitive market
a monopoly
two firms engaged in cournot competition.
two firms engaged in bertrand competition.
repeat the above, excluding bertrand competition, for a model 2 where firms have a fixed cost for all production greater than zero of 5 dollars. note that the perfectly competitive outcome is hard to define. so lets replace that with a simple version of monopolistic competition. using a zero-profits condition as a guide for the amount of entry what would be the outcome for this market (including the number of firms) following monopolistic competition?

answer the second part of the question repeat the above etc..

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 00:50

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

Answers: 2

Answer

Business, 22.06.2019 09:40

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Answers: 2

Answer

Business, 22.06.2019 11:40

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Answers: 3

Answer

Business, 22.06.2019 21:20

Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.

Answers: 1

Answer

You know the right answer?

Let demand for car batteries be such that q = 100 − 2p. assume constant marginal costs of 25. comput...

Questions