If they charge same price in each market what should be, Ask an Expert

Economics

Q. 1. BMW has MC=$20,000 and FC=$10billion. Demand for markets in Europe (e) and US (u) are Qe=4,000,000-100Pe and Qu=1,000,000-20Pu. Prices and Costs are in thousands. BMW can restrict US sales to authorized BMW dealers only.

a. What should be quantity and price in each market?

b. What should be total profit?

c. If y charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9307648

Have any Question?Write your Review or question?

Related Questions in Business Economics

A student raises her hand in class and states i can legally

A student raises her hand in class and states, "I can legally copy any DVD I get from Netflix because Netflix purchased the DVD and the copyright only applies to the company who purchased the product." Explain whether th ...

From a consequentialist perspective that has as its

From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?

A researcher did a one-tailed hypothesis test using an

A researcher did a one-tailed hypothesis test using an alpha level of .01. For this test, H0 was rejected. A colleague analyzed the same data but used a two-tailed test with α = .05. In this test, H0 was not rejected. Ca ...

The demand for salt is relatively price inelastic while the

The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.

Sally purchases hardwood lumber for a custom

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...

In a survey of 3439 adults 1418 say they have started

In a survey of 3439 adults, 1418 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results.

One of the authors received a credit card bill for 2772 but

One of the authors received a credit card bill for 2,772, but included a charge of 1,762 that was not valid. Find the values of the absolute and relative errors.

What causes the ppf to shift outward i think that resources

What causes the PPF to shift outward? I think that resources have to be used but i'm not sure.

Whyy is it necessary to calculate a pooled standard

WHYY is it necessary to calculate a "pooled standard deviation" when calculating the effect size of an independent-samples t test but not when calculating the effect size of any other type of t test.

1 under what circumstances is it advantageous for a company

1. Under what circumstances is it advantageous for a company competing in foreign markets to concentrate its value chain activities in a select few locations? Under what circumstances is it advantageous for a company com ...

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 Business Economics Expert