ITA200Y5 Lecture : Articoli
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I need these ratios:
Return on Assets
|
Group 1 | Group 2 | |||||||
Price | Quantity Demanded | Total Revenue | Marginal Revenue | Price | Quantity Demanded | Total Revenue | Marginal Revenue | |
$115 | 0 | $ | - | - | - | - | ||
100 | 1 | $ | - | - | - | - | ||
83 | 2 | - | - | - | - | |||
71 | 3 | $71 | 0 | $0 | - | |||
63 | 4 | 63 | 1 | 63 | $63 | |||
55 | 5 | 55 | 2 | 110 | 47 | |||
48 | 6 | 48 | 3 | 144 | 34 | |||
42 | 7 | 42 | 4 | 168 | 24 | |||
37 | 8 | 37 | 5 | 185 | 17 | |||
33 | 9 | 33 | 6 | 198 | 13 | |||
29 | 10 | 29 | 7 | 203 | 5 |
Assume that MC is $13 in both markets and MC = ATC at all output levels. What price will the firm charge in each market?
Group 1: units at a price of $
Group 2: units at a price of $
Based solely on these two prices, which market has the higher price elasticity of demand?
(Click to select)The first market has the higher price elasticity of demand.The second market has the higher price elasticity of demand.
What will be this monopolist's total economic profit?
$
2. Does this fourth shirt earn an operating profit or impose an operating loss? How large is it?
3. What is the change in total revenue from lowering the price to sell seven rather than six shirts in each color each day? In what sense is the decision to sell this seventh shirt a âbreak pointâ?
8. At 14 shirts per day, the margin is positive. But what is the operating profit or loss on the 14th? The 12th? The 10th shirt?
Quantity | Price | Revenue | Marginal Rev | Variable Cost |
0 | 50 | 0 | 0 | 28 |
1 | 48 | 48 | 48 | 28 |
2 | 46 | 92 | 44 | 28 |
3 | 45 | 135 | 43 | 28 |
4 | 44 | 176 | 41 | 28 |
5 | 42 | 210 | 34 | 28 |
6 | 40 | 240 | 30 | 28 |
7 | 38.31 | 268.17 | 28 | 28 |
8 | 36.5 | 292 | 24 | 28 |
9 | 34.5 | 310.5 | 19 | 28 |
10 | 32.7 | 327 | 16 | 28 |
11 | 30.91 | 340.01 | 13 | 28 |
12 | 29.17 | 350.04 | 10 | 28 |
13 | 27.46 | 356.98 | 7 | 28 |
14 | 25.79 | 361.06 | 4 | 28 |
15 | 24.07 | 361.05 | 0 | 28 |
16 | 22.5 | 360 | -1 | 28 |