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Ostrovityanka [42]
3 years ago
12

Suppose market demand for a product is given by the equation P = 20 – Q. For this market demand curve, marginal revenue is MR =

20 – 2Q.
1 If the marginal cost of producing this good is 0, what quantity would a profit-maximizing monopolist produce?

2 If the marginal cost of producing this good is 4, what quantity would a profit-maximizing monopolist produce?

3 If the marginal cost of producing this good is 0, what price would a profit-maximizing monopolist charge for the product?

4 If the marginal cost of producing this good is 4, what price would a profit-maximizing monopolist charge for the product?

5 If the marginal cost of producing this good is 0, how much total consumer surplus would consumers receive in this market?

6 If the marginal cost of producing this good is 4, how much total consumer surplus would consumers receive in this market?

Business
1 answer:
Nataly_w [17]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Mary is a new supervisor working with a preexisting staff that has resisted many of the new policies she has put into place. Mar
inna [77]

Answer:

by clearly state why the change is needed and how it will affect employees

Explanation:

An employee's resistance usually occurs when an employee feels insecure about changes or his position in the organization. A good leader must find out what are the main reasons why employees create resistance and thus devise a strategy to break down these barriers. In the case of supervisor Mary, clearly communicating about changes and the future of employees was effective in breaking down the barriers of employee insecurity about the changes that will occur in that company.

5 0
3 years ago
The u.s. government may require that apparel imported into the united states should use u.s. cotton, or use a certain amount of
slavikrds [6]

The u.s. government may require that apparel imported into the united states should use u.s. cotton, or use a certain amount of American labor. this is an example of a Domestic content provision

<h3>What is Domestic content provision?</h3>
  • The Domestic content provision ("BAA," originally found at 41 U.S.C. 10a–10d, now found at 41 U.S.C. 8301–8305), passed by Congress in 1933 and signed by President Hoover on his final day in office (March 3, 1933), mandated that the U.S. government give preference to purchases of goods made in the United States.
  • Similar limitations are imposed by other federal laws on third-party acquisitions made with government money, such as highway, and transportation projects.
  • The "Domestic content provision," which went into effect 50 years after the "Domestic content provision," is not to be mistaken with the former. The latter is 49 U.S.C., 5323 (j), a provision of the Surface Transportation Assistance Act of 1982, and it only applies to procurements linked to mass transit that cost more than $100,000 and were at least partially funded by government funding.

To learn more about Domestic content provision with the given link

brainly.com/question/15869059

#SPJ4

8 0
1 year ago
Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumpti
Aleonysh [2.5K]

Answer:

The government policy should have reduced beer consumption by 0.6 or 60%

Explanation:

Mid point formula calculates the ratio of mid point of change in demand and change in price to their average value. Then these changes are used in the calculations of elasticity of demand.

According to given data:

Elasticity of demand = 0.9

Midpoint of price  = (20-10) / [(20+10)/2] = 10 / 15 = 0.6667

Elasticity of Demand = Midpoint of demand / Midpoint of price

0.9 = Midpoint of demand / 0.6667

Midpoint of price = 0.9 x 0.6667 = 0.6

Change in demand is should reduce the consumption by 0.6 or 60%.

4 0
3 years ago
Read 2 more answers
If you are stopped by a police officer for driving without having all passengers under the age of 18 properly restraint, you can
Ivan

Answer:

D)3 points

Explanation:

When children are involved, seatbelt tickets may mean points.

You won't typically get points if cited for failing to wear your seatbelt, but in New York, if you are ticketed for having a child in the car under age 16 without a seatbelt, the violation adds 3 points to your driving record. A seatbelt ticket will raise your rates by an average of three percent

4 0
3 years ago
Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake 28 coo
PIT_PIT [208]

Answer:

Option (c) is correct.

Explanation:

Stephen can move 70 boxes or bake 28 cookies:

Opportunity cost of moving a box = (28 ÷ 70)

                                                         = 0.4 cookies

Opportunity cost of baking a cookie = (70 ÷ 28)

                                                         = 2.5 boxes

LeBron could move 24 boxes or bake 6 cookies:

Opportunity cost of moving a box = (6 ÷ 24)

                                                         = 0.25 cookies

Opportunity cost of baking a cookie = (24 ÷ 6)

                                                             = 4 boxes

Yes, trade is possible.

Stephen has a comparative advantage in baking cookies because of the lower opportunity cost than LeBron, so he is specialized in baking cookies.

On the other hand, LeBron has a comparative advantage in moving boxes because of the lower opportunity cost than Stephen, so he is specialized in moving boxes.

3 0
3 years ago
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