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- By 2030, Tesla is the dominant player in the market for self-driving cars, but it faces an entry threat by ACME Corporation. To examine its behavior toward competitors, suppose that Tesla produces q₁ and it incurs a cost of c₁ (91) = 69₁. ACME Corporation produces a self-driving car that is a perfect substitute for the Tesla vehicle, but its production costs are: c₂ (92) = 100+1292. Inverse demand for self-driving cars is given by p(Q) = 120-Q, where Q = 9₁ +92Problem to handle: A company involved in mining and processing of limestone in the nation has the following supply and demand information at various price levels. --000 ASE 2 6 10 12 Price (USS) ● ● Demand (Q) Tonnes 18 15 12 9 6 3 Supply (Q.) Tonnes 3 (a) Derive the equations for demand and supply for the limestone product. (b) Estimate the market equilibrium price and quantity. (c) Explain the price imposition by government in terms of surplus and shortages for an introduced floor price of $9 on the market. (d) By using the demand schedule, produce the total revenue (TR) curve for different quantities of limestone and explain how revenue can be maximized relative to price and quantity variations (e) If demand is increased by 40% given the supply curve, determine the new Demand equation • Demand schedule by using the new demand equation Equilibrium price and quantity 6 9 12 15 18Isnt the price to 2 and 3 34 and 45 respectively.
- ASAP 1) Compute the profit-maximizing advertising budget for a monopoly firm using the following pieces of information(a) The company is expected to sell $50 million worth of the product(b) It is estimated that a 1% increase in the advertising budget would increase the quantity sold by 0.04%(c) It is estimated that a 1% increase in the product's price would reduce quantity sold by 0.2%Supply and Demand: End of Chapter Problems 9. Adjust each graph to show the indicated change. In each graph, click on the line or its midpoint to see the options. a. An increase in quantity demanded b. A decrease in demand Quantity Question Source: Chiang 4e- Economics Princidles FoHA Changing World Publisher: Worth 11:06 PI 65°F 10/13/20 PriceWith the information below and chart answer following questions. A Price Floor of $31 per ticket has been set by the Math ruling body for all games and is shown on the chart below. Q Ticket Price 36- 34- 32- 28- 26- 24- 22- 3200 4800 6400 Number of Tickets Sold 8000 With this price control in effect: What would be the market price?S What would be the number of tickets exchanged (Refer to Table 1)? tickets Is the market operating efficiently? Yes No Sometimes Cannot Determine
- Q)Firm A and B are Cournot competitors, who produce good x. Both firms have zero cost and demand is X = 215 – P, where P is market clearing price. If firm produces 90 units, then what is the optimal amount of output for firm A to produce. solve our if you know correct and clearsolution.The profit maximizing price per ton of moving freight would be $[blank] The deadweight loss from setting a profit maximizing price per trip would be $[blank]? Note:- 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.Firm Market Share (%) A 30 B 22 C 18 D 17 E 7 F 6 Refer to the data. The Herfindahl index for the industry is select the correct option. 1,997. 87. 2,082. 1,800.
- COURSE: MICROECONOMICS - TAX REGULATIONS The local diesel market is represented by Q = (912 - P)/12.5 and Q = (P - 315)/11where P is in dollars (USD) per liter of fuel and Q shows liters of fuel (in millions). Currently a tax of USD 130 per liter of diesel is charged.It is requested:(a) Calculate the amount (Q) that is transacted after the tax has been applied.b) Show in detail the calculations of a). Is there any difference between the price observed by suppliers and demanders? If so, what is the price observed by the producer and what is the price observed by the consumer? how much is the government's revenue? If there is an efficiency loss, how much is it? GRAPHc) At present, there are arguments in favor of increasing the tax on diesel and others in favor of decreasing it (at least temporarily). Mention at least ONE argument in favor of increasing this tax and ANOTHER argument in favor of decreasing it. And finally, conclude in favor of which argument you are in favor of.Assist with question 3DN1(a) Amtrak has a monopoly on rail travel in the U.S. It uses price discrimination to offer a discounted price for adults who are currently enrolled students. The marginal cost per train ticket from Baltimore to New York is 100. The demand for regular tickets is P=1000-5Q and the demand for student tickets is P-500-Q. (a) Why would a monopolist like Amtrak offers a discounted price for adult students rather than charging them the same price as other adults?