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What is the profit maximizing level of output for the
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(a) 11 |
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(b) 14 |
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(c) 16 |
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(d) 26 |
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- BN5 (3)(b)(c)(d) Case: Recycling services for private businesses can be purchased from many firms in a competitive market. The Supply and Demand are: Ps= 1000 + 20Qs Pd=4000-5Qd A Government is interested in promoting recycling by subsidizing the Cost of Services. [Based on Bartleby Expert Answer for BN5 (3)(a), Below ] Questions: (Please Answer These Questions - Only) BN5 (3).(b) What would the Price and Quantity be if the City adds a $500 Subsidy per Unit of Recycling? BN5 (3)(C) How much will the Subsidy cost the City? BN5 (3)(d) Who will benefit more from the Subsidy- Consumers or Producers? Bartleby Expert Answer: BN5 (3)(a) What is the Equilibrium Price and Quantity of Recycling Services? Equilibrium Price = 3400 Equilibrium Quantity = 1201. There are two mobile phone firms operating in a market; FF (Firm 1) and Wodaphone (Firm 2). The market demand is P = 75 - 0.5(Q1 + Q2). The total costs for the two firms are 30Q1 and 30Q2. (a) If either FF or Wodaphone enjoyed a monopoly position in this market, what level of output would they produce? (b) Using a diagram, fully labelled, describe how the equilibrium outputs for the two firms are determined and solve mathematically for this solution. (c) The CEO of FF meets with her counterpart at Wodaphone and suggests that the two firms each produce 22.5 units. The CEO of Wodaphone accepts this suggestion. Why did the CEO of FF make this suggestion, and why did her counterpart at Wodaphone agree? Show this outcome on your diagram in (b). (d) After keeping to this agreement for 12 months, the CEO of Wodaphone notices that FF is actually producing more than 22.5 units. Why is FF doing this? Illustrate this on your diagram in (b). What action can Wodaphone take against FF?Question completion Status: 44 40 36 32 28 24 20 16 12 8 a firm in a perfectly competitive market $ 4 8 $1 12 16 20 34. If the market price is $40, this firm's maximum total profit would be: (a)-$180 (b) $0 (c) $51 (d) $209 O(e) $300 MC N 119 114 24 28 ATC AVC 32
- Q1. (a) What combination of goods x and y should a firm produce to minimize costs when the joint cost function is c = 6x²+ 10 y² – xy + 30 and the firm has a production quota of x + y =34? (b) Estimate the effect an costs if the production quota is reduced by 1 unit.48 44 40 36 32 28 24 20 16 12 8 4 0 T 0 e a b. MC d MR 12 16 20 24 4 8 39. What price would be set by a regulatory body, appointed by an elected political authority? O (a) $20 O (b) $5 O (c) $12 O (d) $18.50 28 ATC -AVC- D 32Only typed answer and don't use chat gpt and don't answer in table 2. Charlie consumes apples (A) and bananas (B). His utility function is . The price of apples is $1, the price of bananas is $2, and Charlie’s income is $40. The price of bananas suddenly falls to $1. (a) Before the price change, how many apples and bananas did Charlie consume? (b) After the price change, how many apples and bananas did Charlie consume? (c) If after the price change, Charlie’s income had changed so that he could only attain his original level of utility, how many apples and bananas would he have consumed? (d) What are the magnitudes of the price, substitution, and income effects for the consumption of bananas?
- 5Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.d View) - Word (Product Activation Failed) o stay in Protected View. Enable Editing In both perfect competition and pure monopoly Competitive Market Monopoly Consumer Surplus Profits Total Social Welfare Deadweight Loss End of document 152% 8:15 AM a ENG 5/18/2021
- Like a good economist, you calculated the cost of getting your college degree, including the opportunity cost. Suppose that at your university, you will pay $15,000 each year for tuition, $3,000 each year for textbooks, and $8,000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $15,000 per year.Assume that if you decided not to go to college, your parents would let you live at home for free.Including the opportunity cost, what is the cost of attending four years of college? $Good afternoon, I will like to have all questions answered please. All question in each problem1. Consider the following information for Dhaka Water Supply Authority (WASA). Quantity of water (in thousands of liters) Marginal revenue (in taka) Price Total revenue (in taka/liter) (in taka) 11 1 10 9. 8 7 6 7 4 8 3 9 2 10 1 (a) Calculate Dhaka WASA's total revenue (TR) and marginal revenue (MR). (b) If marginal cost is constant at 2 taka/liter, how many liters of water would Dhaka WASA supply? Intuitively explain your answer using a suitably drawn figure. (c) How many liters of water would Dhaka WASA supply if marginal cost increases to 6 taka/liter? 3. 6.
