The table below shows the monthly demand schedule for a good in a duopoly market. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The table below shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each face $5,000 of fixed costs per month. There are no marginal costs. Quantity 400 600 800 1,000 1,200 1,400 1,600 30 Price ($) 25 20 15 10 5 0 TR ($) 12,000 15,000 16,000 15,000 12,000 7,000 0 MR ($) 3,000 1,000 -1,000 -3,000 -5,000 -7,000 Instructions: Enter your answers to the nearest whole number. a. If they evenly split the quantity a monopolist would produce, the monthly profit for each duopolist is $ b. If duopolist A decides to increase production by 200 units, the monthly profit for duopolist A is $ and for duopolist B $ The table below shows the monthly demand schedule for a good in a duopoly market. The two producers in this market each face $5,000 of fixed costs per month. There are no marginal costs. Quantity 400 600 800 1,000 1,200 1,400 1,600 30 Price ($) 25 20 15 10 5 0 TR ($) 12,000 15,000 16,000 15,000 12,000 7,000 0 MR ($) 3,000 1,000 -1,000 -3,000 -5,000 -7,000 Instructions: Enter your answers to the nearest whole number. a. If they evenly split the quantity a monopolist would produce, the monthly profit for each duopolist is $ b. If duopolist A decides to increase production by 200 units, the monthly profit for duopolist A is $ and for duopolist B $
Expert Answer:
Answer rating: 100% (QA)
Step 1 a Both duopolist combined and now acts as monopolist In absence of marginal cost acting ... View the full answer
Related Book For
Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman
Posted Date:
Students also viewed these organizational behavior questions
-
The table below represents the college degrees awarded in a recent academic year by gender. Choose a degree at random. Find the probability that it is a. A bachelors degree b. A doctorate or a degree...
-
The table below represents a particular consumers evaluative criteria, criteria importance, acceptable level of performance, and judgments of performance with respect to several brands of mopeds....
-
The table below represents a stack stored in a contiguous block of memory cells, as discussed in the text. If the base of the stack is at address 10 and the stack pointer contains the value 12, what...
-
Write a check (Figure 4 - 42) dated June 13, 20XX, to Byron Johnson in the amount of $296.83 for a washing machine, Complete the check stub. Figure 4 - 42 456 456 Amount To For KRA, INC 2596 Jason...
-
What is the key difference between the direct method and the indirect method for presenting a statement of cash flows?
-
List three molecular changes that take place in the processing of eukaryotic mRNA.
-
A foreign company maintains its books and records in its domestic currency. Identify several factors that might suggest that the domestic currency is not the entitys functional currency. AppendixLO1
-
The scene is a conference room on the 10th floor of an office building on Wall Street, occupied by Anthes Enterprises, a small, rapidly growing manufacturer of electronic trading systems for...
-
Sunland Company leases equipment from Bridgeport Inc. for five years starting on January 1 , 2 0 2 5 . The lease is properly classified as a finance / sales - type lease. The terms of the lease are...
-
3. A liquid-process feed stream contains 99 mol-% of species 1 and 1 mol-% of impurity, species 2. The impurity level is to be reduced to 0.1 mol-% by contacting the feed stream with a stream of pure...
-
The Federal Reserve is able to influence the money supply through the manipulation of Group of answer choices commercial banks. taxation and spending. interest rates. military spending
-
PP Company purchases a material that is then processed to yield three chemicals: anarol, estyl, and betryl.In June, PPC purchased 10,000 gallons of the material at a cost of $250,000, and the company...
-
Suppose Boyson Inc. free cash flow for the next year is $ 1 5 0 , 0 0 0 and the FCF is expected to grow a concert rate of 6 . 5 % if WACC is 1 2 . 5 % what is the market value of the firm?
-
An eight lane urban freeway (four lanes in each direction) is on rolling terrain and has 11-ft lanes with a 4-ft right-side shoulder. The interchange density is 1.25 per mile. The base free-flow...
-
For the following business events, please indicate the increase (+) or decrease (-) on the following income statement and balance sheet categories. If there is no effect, leave the box blank. If...
-
4. Change the magnet to the original orientation and drag through the coil. a. What happens to the voltage and light bulb as the North Pole moves through the coil? b. What happens to the voltage and...
-
A company has a building valued at $40,000,000. If the probability of a total loss in any given year is 2%, what is the companys expected loss per year for this building?
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
Two characteristics of the population aged 65 and over are shown below for 2004. Illustrate each characteristic with a pie graph. Marital status Educational attainment Never married 3.9% Less than...
-
Health issues due to being overweight affect all age groups. Of children and adolescents 611 years of age, 18.8% are found to be overweight. A school district randomly sampled 130 in this age group...
-
Based on the following data showing the numbers of people (in thousands) with and without health insurance, can it be concluded at the 0.01 level of significance that the proportion with or without...
-
Describe the difference between the estimated regression line and the true regression line.
-
Calculate the estimated regression equation for the orienteering example, using the data in Table 8.3. Use either the formulas or software of your choice.
-
Our partition shows that 800 of the 2000 customers in our test set own a tablet, while 230 of the 600 customers in our training set own a tablet. Test whether the partition is valid for this...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App