A) Solve for b. A=1/2ab b) Evaluate when A=18 and a=3/2
2 answers:
You might be interested in
Answer:
$80 billion
Step-by-step explanation:
From the graph, we have the following:
Required
Determine the difference in US and Denmark exports
The difference is calculated as thus:
This gives:
<em>Hence, the difference is $80 billion</em>
Answer:
The monopolist's net profit function would be:
Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:
P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):