Mathematics, 22.07.2021 07:00, Alysssssssssssa
There are 2 types of widget consumers in Boston. Type 1 consumers have (aggregate of all type 1) demand given by Q(1) = 100 β p. Type 2 consumers have (aggregate) demand given by Q(2) = 110 β p/2. The cost of producing widgets is TC = 1/2Q2, where Q is the total number of widgets produced. Assume that the producer of widgets behaves as a monopolist.
1. Suppose that the producer cannot distinguish between the two types of consumers. What price will it charge? What is the elasticity of demand at that point?
2. Now assume that the monopolist can distinguish between the two types of consumers. a. How many widgets will the monopolist sell to each group of consumers and how much will it charge them? b. What are the elasticities of demand at the optimal points for the two types of consumers. Explain.
Answers: 3
Mathematics, 21.06.2019 17:30, kleshead
Colby and jaquan are growing bacteria in an experiment in a laboratory. colby starts with 50 bacteria in his culture and the number of bacteria doubles every 2 hours. jaquan starts with 80 of a different type of bacteria that doubles every 3 hours. let x equal number of days. colbys experiment follows the model: a.) y=50*2^x b.) y=50*2^8x c.) y=50*2^12x jaquans experiment follows the model: a.)80*2^x b.)80*2^8x c.)80*2^12x
Answers: 3
Mathematics, 21.06.2019 20:00, makennahudson94
Someone me! if youβre smart you can solve this!
Answers: 2
There are 2 types of widget consumers in Boston. Type 1 consumers have (aggregate of all type 1) dem...
Biology, 07.06.2020 05:57