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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

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How could the adoption of blockchain within a supply chain help the world become more sustainable and, in some cases, eco-friend
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Incomplete question. The options read;

  • Consumers could easily return and get refunds for products that didn't meet their expectations.
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Answer:

  • <u>Consumers will be able to effectively track where the components of their product were sourced.</u>

Explanation:

Note, the term supply chain simply refers to the various distribution channels consisting of different individuals, activities, and resources that are involved in supplying a product or service.

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Sandstorm Corporation decides to develop a new line of paints. The project begins in 2019. Sandstorm incurs the following expens
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Answer:

$0 and $12,750

Explanation:

To check deductions for 2019 and 2020, we need to check total expenses:

Total Expenses = $85,000 + $30,000 + $12,500

= $127,500

Since it has a 60 month deferral and amortization period, we need to check for each month. Therefore we have:

=Total expenses / 60months

= $127,500 ÷ 60 months

= $2,125

Therefore, in 2019 there's no benefit or deduction since all expenditures are made.

To get the 2020 the deduction we use:

= Monthly amortization or defferal cost * number of months

= $2,125 × 6 months

= $12,750

The 6 months is calculated assuming books are closed on December 31. It is from July 1 to December 31.

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Answer:

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Explanation:

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When a manager informs employees about the changes taking place in the external and internal environment that will affect them a
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