Mathematics, 22.07.2021 07:00 Alysssssssssssa
There are 2 types of widget consumers in Boston. Type 1 consumers have (aggregate of all type 1) demand given by Q(1) = 100 – p. Type 2 consumers have (aggregate) demand given by Q(2) = 110 – p/2. The cost of producing widgets is TC = 1/2Q2, where Q is the total number of widgets produced. Assume that the producer of widgets behaves as a monopolist.
1. Suppose that the producer cannot distinguish between the two types of consumers. What price will it charge? What is the elasticity of demand at that point?
2. Now assume that the monopolist can distinguish between the two types of consumers. a. How many widgets will the monopolist sell to each group of consumers and how much will it charge them? b. What are the elasticities of demand at the optimal points for the two types of consumers. Explain.
Answers: 3
Mathematics, 21.06.2019 16:20
Apolynomial function has a root of –6 with multiplicity 1, a root of –2 with multiplicity 3, a root of 0 with multiplicity 2, and a root of 4 with multiplicity 3. if the function has a positive leading coefficient and is of odd degree, which statement about the graph is true?
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Mathematics, 21.06.2019 16:30
The equation of a circle is (x - 3)2 + (y - 7)2 = 25. determine the length of the radius. 4 25 12.5 5 write the standard equation of the circle with center (2, 3) and a diameter of 12. (x - 2)2 + (y - 3)2 = 36 (x + 2)2 + (y + 3)2 = 12 (x - 2)2 + (y - 3)2 = 6 (x - 3)2 + (y - 2)2 = 36 the equation of a circle is (x + 3)2 + (y + 7)2 = 25. where is (3, 4) located in relation to the circle? on the circle in the interior of the circle in the exterior of the circle at the center of the circle
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Mathematics, 21.06.2019 18:00
Compare the cost of the bike trips from the two companies shown.for both the cost in a linear function of the number of days which statements is true
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There are 2 types of widget consumers in Boston. Type 1 consumers have (aggregate of all type 1) dem...
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