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Agata [3.3K]
3 years ago
6

Quick Buck and Pushy Sales have agreed to each produce half the profit-maximizing monopolist quantity, set the monopoly price an

d split the profits evenly. Find the economic profit for both firms if they cooperate and charge the same price. Please enter your answers as numerical entries (ie. 1000 or $1000 not "One thousand dollars") Profit for Quick Buck Profit for Pushy Sales Suppose Quick Buck can cheat on Pushy Sales and reduce it's price to $1.00 each while Pushy Sales continues to comply with the collusive agreement and charge $1.50. Find the economic profit for both firms if Quick Buck breaks the agreement and charges a lower price. Profit for Quick Buck Profit for Pushy Sales
Business
1 answer:
Stells [14]3 years ago
6 0

Answer:

see explaination

Explanation:

Since marginal cost is zero in this case. Cartel will select the output such that MR=0

We observe that MR=0 at Q=2000 units

Corresponding price for a output of 2000 units is $1.50

So,

Output of each firm=q=Q/2=2000/2=10000

Profit of each firm=P*q-total cost=1.5*1000-0=$1500

So,

Profit for Quick Buch=$1500

Profit for Pushy Sales=$1500

Since Quick buck reduces the price to $1, it will capture the whole quantity demanded

Total quantity demanded at price of $1=3000

Profit for quick buck=P*Q-Total Cost=1*3000-0=$3000

Profit for Pushy Sales=P*Q-Total Cost=1.5*0-0=$0

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D. Conviction of a felony.

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Elan Coil [88]

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8 0
1 year ago
Micromedia company offers computer training seminars on a variety of topics. In the seminars each student works at a personal co
Soloha48 [4]

Answer:

the break-even quantity is 18 students

Explanation:

Break Even point is when a firm neither makes a profit nor a loss

Break Even = Fixed Costs/Contribution per Unit

                   = $4800/($300-$30)

                   = 17.77777778

                   = 18 students

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3 0
3 years ago
Management of Carla Vista, Inc., is planning to raise $1,215,000 in new equity through a private placement. If the sale price is
Alexeev081 [22]

Answer:

Number of shares to be issued =  60,000  units

Explanation:

<em>A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.</em>

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Number of shares to be issued =  60,000  units

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3 years ago
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