Exercise 4.2Consider the response of firms in a world with two identical countries (Home and Foreign). Assume that a firm must incur an additional cost t for each unit of output that it sells to customers across the border.Consider the decisions of firms 1 and 2 (with marginal costs c, and c₂) in the figures below.Firm 2 can profitably operateA. in both the domestic and the export markets.Click in calart unir anewer and then click t-ewarCost, C and Price. PDomestic (Home) MarketQuantityFirm 2 can profitably operateA. in both the domestic and the export markets.O B. in the export market only.OC. in neither the domestic nor the export markets.OD. in its domestic market only.MC₂MC₁DCo:8 cC₂2Export (Foreign) Market09QuantityQuantityMC₂-MC,DQMC1D8C₁1Quantity

Answered: Image /qna-images/answer/73892534-6840-4356-a7f6-917edceb499e.jpg

Exercise 4.2 Consider the response of firms in a world with two identical countries (Home and Foreign). Assume that a firm must incur an additional cost t for each unit of output that it sells to customers across the border. Consider the decisions of firms 1 and 2 (with marginal costs c, and c₂) in the figures below. Firm 2 can profitably operate A. in both the domestic and the export markets. Click to calart unir anewer and then click t ewar Cost. C and Price. P Domestic (Home) Market Quantity Firm 2 can profitably operate A. in both the domestic and the export markets. OB. in the export market only. OC. in neither the domestic nor the export markets. OD. in its domestic market only. MC₂ MC₁ D Co: Export (Foreign) Market 8 c c₂} 2 09 +1 Quantity Quantity MC₂ - MC₁ D Q MC₁ D 8C₁1 Quantity

Exercise 4.2 Consider the response of firms in a world with two identical countries (Home and Foreign). Assume that a firm must incur an additional cost t for each unit of output that it sells to customers across the border. Consider the decisions of firms 1 and 2 (with marginal costs c, and c₂) in the figures below. Firm 2 can profitably operate A. in both the domestic and the export markets. Click to calart unir anewer and then click t ewar Cost. C and Price. P Domestic (Home) Market Quantity Firm 2 can profitably operate A. in both the domestic and the export markets. OB. in the export market only. OC. in neither the domestic nor the export markets. OD. in its domestic market only. MC₂ MC₁ D Co: Export (Foreign) Market 8 c c₂} 2 09 +1 Quantity Quantity MC₂ - MC₁ D Q MC₁ D 8C₁1 Quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer b
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Consider the following simplified scenario. Imagine that the Australian national rugby union(for short, Rugby AU) has exclusive rights to organize the games played by the national team.Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., theAustralian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadiumin Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginalcost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be soldfor the game: concession and full fare. Based on any official document that attests to their age,children and pensioners qualify to purchase concession tickets that offer a discounted price;everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. Thedemand for concession tickets is QC(P) = 80 – 2P. 2. The market for full fare tickets (F)f) Calculate the inverse demand, write the profit maximizing condition,…
Consider the following simplified scenario. Imagine that the Australian national rugby union (for short, Rugby AU) has exclusive rights to organize the games played by the national team. Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., the Australian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadium in Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginal cost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be sold for the game: concession and full fare. Based on any official document that attests to their age, children and pensioners qualify to purchase concession tickets that offer a discounted price; everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets is QC(P) = 80 – 2P. 1. The market for full fare tickets (F)a) Calculate the inverse demand, write the profit maximizing…
Part c please
Consider the following simplified scenario. Imagine that the Australian national rugby union(for short, Rugby AU) has exclusive rights to organize the games played by the national team.Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., theAustralian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadiumin Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginalcost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be soldfor the game: concession and full fare. Based on any official document that attests to their age,children and pensioners qualify to purchase concession tickets that offer a discounted price;everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. Thedemand for concession tickets is QC(P) = 80 – 2P. j) Suppose that Rugby AU becomes unable to verify the age of its customers; thus, theformerly distinct full fare and…
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Consider the following simplified scenario. Imagine that the Australian national rugby union(for short, Rugby AU) has exclusive rights to organize the games played by the national team.Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., theAustralian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadiumin Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginalcost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be soldfor the game: concession and full fare. Based on any official document that attests to their age,children and pensioners qualify to purchase concession tickets that offer a discounted price;everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. Thedemand for concession tickets is QC(P) = 80 – 2P. 2. The market for concession tickets (C)f) Calculate the inverse demand, write the profit maximizing condition,…
What happened to the tourism industry after the post covid-19 in terms of Economics?
part G H I