Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Problem:

A company in the oligopolistic industry has recognized two sets of the demand curves. If the company is the only one which changes prices (i.e., other companies don’t follow its lead), its demand curve is Q = 82 – 8P.  If, but, it is anticipated that competitors will follow the price actions of company, then the demand curve will be Q = 44 – 3P.

Required:

1. Make a demand schedule for both demand curves and make them on an Excel graph.

2. Compute the marginal revenue for each.

3. If the present price and quantity is situated at the intersection of two demand curves, and competitors follow price diminishes but not price raises, show in the graph the relevant demand curve to company.

4. Make and graph the suitable marginal revenue curves for both demand curves on Excel diagram.

5. Demonstrate on the graph the range over which a marginal cost curve could increase or fall down without affecting the price firm charges.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910670

Have any Question? 


Related Questions in Macroeconomics

Discuss the view that an oligopolistic market structure

Discuss the view that an oligopolistic market structure provides a higher incentive to innovate than other market structures.

Some places limit the number of hours that alcohol can be

Some places limit the number of hours that alcohol can be sold on Sunday. Is it possible that this sales restriction could help liquor stores? Use game theory to construct your answer. Hint: even without restrictions on ...

Revise your week 3 economic analysis using the feedback

Revise your Week 3 economic analysis using the feedback provided by your facilitator to evaluate the challenges of expanding your company's production to a foreign market. This will require you to revise previously recom ...

Question 1 a how can you apply the realistic theory of

QUESTION 1: a. How can you apply the Realistic Theory of political power and trade to explain the reaction of the Chinese Government to the Sale of Opium in China? Was the reaction of the Chinese Government justified com ...

The bible prohibits usury lev 25 it is one reason the

The Bible prohibits usury (Lev. 25). It is one reason the Catholic Church forbid banking to Christians for 1,000 years. However debt and the paying of interest is very common now. Is borrowing Biblically forbidden? What ...

The annual rate of growth of real gdp in a developing

The annual rate of growth of real GDP in a developing nation is 0.2 percent. Initially, the country's population was stable from year to year. Recently, however, a significant increase in the nation's birthrate has raise ...

1 which countries consume the most dung and how do the

1. Which countries consume the most dung and how do the energy statistics in the BP Statistical Review account for it? 2. Explain why consumption of a particular energy source typically ceases long before the stock of su ...

Money and the prices in the long run and open economiesthe

Money and the Prices in the Long Run and Open Economies The organization's strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in product ...

What is the role of government explain the microeconomic

What is the role of government? Explain the microeconomic and macroeconomic policies of the government.

How do government policies andor regulations factor into

How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? Give a specific example of a policy or regulation that has helped economic activity. Give a spec ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro