If the present price and quantity is situated at the, Ask an Expert

Economics

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.

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M910670

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question in an effort to move the economy out of a

Question: In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take ...

Production cost analysis and estimation applied problems

Production Cost Analysis and Estimation Applied Problems - Please complete the following two applied problems: Problem 1: William is the owner of a small pizza shop and is thinking of increasing products and lowering cos ...

Question - feldstein 2012 indicates that the hospital is

Question - Feldstein (2012) indicates that the hospital is the most important institutional setting for the delivery of medical services because it represents "the largest single health care expenditure category," and it ...

Question - please write down the amount of turkeys energy

Question - Please write down the amount of Turkey's energy consumption, renewable energy consumption, non-renewable energy consumption, electricity consumption, electricity production, electricity consumption from renewa ...

Question - a a firm producing two products x and y where x

Question - a. A firm producing two products X and Y where x and y are the quantity of product X and Y produced respectively. If the firm produces on the same isocost and has a fixed cost of $1000. Given the marginal cost ...

Question - someone calculated the future worth of his

Question - Someone calculated the future worth of his investment in term of today's dollars. The obtained result was 945, 895. The life of the investment is expected to be 20 years. The average annual inflation rate alon ...

Analyze the concept of exchange rateexplain how the dollar

Analyze the concept of exchange rate. Explain how the dollar price of Euros is determined. Identify a factor that can increase the dollar price of Euros. Identify a factor that can decrease the dollar price of Euros. Exp ...

Question are shareholders residual claimants in a publicly

Question: Are shareholders residual claimants in a publicly traded corporation? Why or why not? In some industries, like hospitals, for-profit producers compete with nonprofit ones. Who is the residual claimant in a nonp ...

Economics assignment -topic evaluation of macroeconomic

Economics Assignment - Topic: Evaluation of Macroeconomic performance of Australia and New Zealand. Task Details: Complete a research-based analysis and evaluation of the relative macroeconomic performance of Australia a ...

Question - suppose you are drawing cards out of a 30 card

Question - Suppose you are drawing cards out of a 30 card deck. The following table reports the value of each type of card and the frequency of each type. Value Frequency 1 6 2 7 3 6 4 3 5 8 Are the card values discrete ...

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

Recent Questions

Ask Macroeconomics Expert