1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ICE Princess25 [194]
3 years ago
8

Samarium is a "rare-earth" element that is used to produce magnets with permanent magnetization, drugs for chemotherapy, control

rods for nuclear reactors and aerospace equipment. It is costly to extract from the ground, creates a lot of pollution when mined and refined. Firms that produce Samarium must plan production in advance and production is relatively slow to adjust Suppose World demand for Samarium is given by the inverse demand curve P -20,000 - 20 Q, where Q is . in tons. · The marginal cost to extract a ton of Samarium is MC = 2000
(a) If Samarium were supplied by a monopolist, what price would the monopolist charge?

(b) What would be the monopolist's profit, consumer surplus and deadweight loss?

(c) If two identical firms supplied Samarium, what would be the equilibrium? How much would each firm produce? What would be the market clearing price?

(d) What would be the firms' profits, the consumer surplus and the deadweight loss?

(e) Briefly explain why your answer in (d) is the same or different than your answer in (b).

(f) What would happen if one of firms (say firm B) faced a capacity constraint and could produce, at most, Q = 200, How much would firm A produce? What would be the equilibrium price?

(g) Finally, explain what would happen if firms competed in prices (Bertrand competition) rather than in quantities?

Business
1 answer:
kari74 [83]3 years ago
3 0

Answer:

Explanation:

Attached is a solution to the question

You might be interested in
Products are winnowed out as they make their way down the path from conception to consumption, a process called ________.
Brilliant_brown [7]

Answer: cultural selection

Explanation:

Products are winnowed out as they make their way down the path from conception to consumption, a process called cultural selection.

Cultural selection theory is a theory about how certain things spread in the society, such as an art, a religious ritual etc. Due to innovation and other criteria, products will be winnowed out.

8 0
3 years ago
Leh Inc. recently borrowed $275,000 from its bank at a simple interest rate of 9 percent. The loan is for nine months and, accor
Andreyy89

Answer:

Monthly payment =$32,618.05

Explanation:

<em>To arrive at the monthly installment, we would calculate the total interest due on the loan for nine months, add it to the principal and then divided the sum by 9 months</em>

<em>The monthly installment</em>

= (Principal + total interest for 9 months)/ number of months

<em>Interest for 9 months </em>

= 9%× 9/12 × 275,000

= $18,562.5

<em>Monthly installment</em>

= (275,000 + $18,562.5)/9

=32,618.05 per month

3 0
3 years ago
Currently Ark is charged $3,144,267 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this
german

Question Completion:

A)Have no impact on the Net Cash from Operations as depreciation appears in both the Cash Flow and the Income Statement

B)Decrease Net Cash from Operations on the Cash Flow Statement

C)Increase Net Cash from Operations on the Cash Flow Statement

D)Just impact the balance sheet

Answer:

C)Increase Net Cash from Operations on the Cash Flow Statement

Explanation:

When Andrews increases the depreciation charge of $3,144,267 to a higher amount, this will decrease the net operating income.  In computing the adjustment to net income for non-cash expenses, the increased depreciation will automatically increase the net cash from operations because of the tradeoff effects.  So, on the financial statements of Andrews, specifically on the Statement of Cash Flows, the increased depreciation expense or charge will positively increase the net cash from operating activities.

4 0
3 years ago
Bill spent most of his month’s allowance for expensive tickets to a rock concert after Lorene said she would go with him. On the
aksik [14]
<span>Tony did not breach a contract because it was all up to Lorene and who she wanted to go with. Lorene is not obligated to go with either. Although Bill spent most of his allowance, he could still ask someone else, sell his ticket and or even go by himself. I do not think Tony could be held liable even if he knew. It was not a nice thing to flake on Bill, but ultimately, it was Lorene's decision to make.</span>
8 0
3 years ago
3–1. Liability to Business Invitees. Kim went to Ling’s Market to pick up a few items for dinner. It was a stormy day, and the w
Natalija [7]

Answer: yes

Explanation: although the manager was aware of the weather condition, his negligence hampered him from posting a sign to caution incoming customers. This negligence had incurred a damage to his account and he is liable to compensate Kim for negligence

8 0
3 years ago
Other questions:
  • Two gamblers bet $1 each on the successive tosses of acoin. Each has a bank of $6. What is the probability that:a They break eve
    11·1 answer
  • Zoya has to earn at least $300 to meet her fundraising goal. she has only 100 bracelets that she plans to sell at $5 each. which
    14·1 answer
  • A lease calls for a minimum rent of $2800 per month plus 4% of annual gross sales in excess of $500,000. What is the annual rent
    7·1 answer
  • Briefly describe how people's success and self confidence are related.​
    15·2 answers
  • The selling and administrative expense budget of Ruffing Corporation is based on budgeted unit sales, which are 4,800 units for
    5·1 answer
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $10,900
    8·1 answer
  • Using the following accounts and an overhead rate of 80% of direct labor cost, determine the amount of applied overhead. Work in
    9·1 answer
  • Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) a
    6·1 answer
  • How important are the development of the many management theories<br>​
    15·1 answer
  • Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center. The firm
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!