If the monopolist produces at the profit maximizing rate of output, what will be the total revenue? Note: Do not include the dollar sign in your answer. For example, if your answer is $15,000, enter 15000
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- A graph of a monopoly is shown. The initial position of the cost curves do not accurately represent their true relationship. First, move point E to indicate the monopoly's loss-minimizing price and quantity. Then, shift the average total cost (ATC) curve and average variable cost (AVC) curve to show the monopoly operating at a loss. Finally, position the loss box to indicate the monopoly's total loss. Price E MR ATC MC AVC D Losswhat are the environment impact of the virtual reality gaming ? what are the benefits of the virtual reality gaming in commercial sector? what are the demographic impact of virtual reality gaming?Note: chat gpt and other ai bots are strictly prohibited..
- Price and cost (dollars) 50 40 30 20 ATC 10 MC MR 10 20 30 40 50 Quantity (thousands of households) The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC operated under an average cost pricing rule, how many households in Oakland are served? 20,000 30,000 10,000 40,000Draw the graph. If the monopoly is a price-discriminating monopoly charging some customers P1= $950 and other customers P2=$400, then: At the price P1= $950, the monopoly will sell a quantity Q1 = ______ At the price P2= $400, the monopoly will sell a quantity Q2 = ______. (Obs: calculation required here!) Total quantity sold at both prices is Q3 = Q1 + Q2 = ___________. The profit earned from selling the quantity Q1 at P1 is Profit1 = ____________________(identify the area on the graph and calculate it). The profit earned from selling the quantity Q2 at P2 is Profit2= ____________________(identify the area on the graph and calculate it). The total profit earned by the price discriminating monopolist is Profit = Profit1 + Profit2 = _______.Football weights The Sears Cup was established in 1993to honor institutions that maintain a broad-based athleticprogram, achieving success in many sports, both men’sand women’s. Since its Division III inception in 1995, thecup has been won by Williams College in every yearexcept one. Their football team has a 85.3% winningrecord under their current coach. Why does the footballteam win so much? Is it because they’re heavier thantheir opponents? The table shows the average teamweights for selected years from 1973 to 1993.a) Fit a straight line to the relationship between Weightand Year.b) Does a straight line seem reasonable?c) Predict the average weight of the team for the year2003. Does this seem reasonable?d) What about the prediction for the year 2103? Explain.e) What about the prediction for the year 3003? Explain. Year Weight (lb) Year Weight (lb)1973 185.5 1983 192.01975 182.4 1987 196.91977 182.1 1989 202.91979 191.1 1991 206.01981 189.4 1993 198.7
- Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by determining how many customers will purchase at each of the segments' bundle prices. Online Self Certifications for Social Work License Certification in Online Counseling Segment 1. 1000 Segment 2 Segment 3 Segment 4 4a) 4b) 4c) Customers 4d) 1000 1000 1000 $190 $150 $95 $35 TR Counseling a b с d Certification as a Group Home Counselor $70 $90 $160 $195 TR Group Home e f g h Bundle $260 $240 $255 $230 TR Bundle 4a 4b 4c 4dA university football team faces the following demand schedule shown for tickets for each home game it plays. The team plays in a stadium that holds 60,000 fans. It estimates that its marginal cost of attendance, and thus for tickets sold, is zero. The table below reflects this data: Price per Ticket ($) Tickets per Game 100 80 60 40 20 0 Total revenue = $ 20,000 40,000 60,000 80,000 100,000 Using this information, calculate how much total revenue the team will earn.Use the interactive points to locate the point of critical mass and equilibrium for a hypothetical network good, the questions that follow. Price ($) 50 45 Critical mass Equilibrium 40 40 35 30 25 20 15 10 5 Marginal cost Demand 0 0 10 20 30 40 50 60 70 80 90 100 Quantity of users (in thousands)
- Critically evaluate any two products (name of the product, specifications of theproduct, manufacturers details etc) of electronics goods or automobile goods and justify which brand product is the market leader in Oman and discuss what are the marketing strategiesrequired to make a good decision to be a market leader.A trader wants to open a diamond shop in the Singapore area with a choice of the Kembangan, Orchard or Sembawang area. Each'of these area options has a local supplier providing a price quote for the diamond as detailed in the table below. Area Kembangan Orchard Sembawang Questions: a. What is the volume that must be met to get the economic value per area? Determine the volume range for each area. b. Make a crossover chart sketch that describes these conditions c. If in the end the merchant wants to sell as many as 600 cans at a selling price of Rp. 60,000 per can, calculate the profit from each area. Where did the merchant finally determine his location? Fixed cost 5,500,000.00 11,500,000.00 21,500,000.00 Variable cost 55,000.00 35,500.00 15,500.00The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine and treatments. If FARTER is the sole vaccine provider given the following information, answer the questions below: Output Price/Unit Total Cost 1 5500 1000 2 5000 1200 3 4500 1500 4 4000 2500 5 3500 4000 6 3000 5700 7 2500 7500 8 2000 9400 9 1500 11400 10 1000 13500 Given the tabular information above find the profit-maximizing output and price also illustrate the same using the two-dimensional labeled diagram. Show the calculation as well. Assume if many firms enter into the business of providing vaccine determine: How the demand curve of FARTER would change and how it would now maximize its profit? The kind of market structure now FARTER is forced to…