Ask Question, Ask an Expert


Ask Microeconomics Expert

1. Manufacturer of electronics products has just developed handheld computer (monopoly). The cost schedule for producing these computers are given below.

Total Output
Price $

a) Compute TR, MR, and TC.

b) What price must firm charge if it wants to maximize it profit in short run?

2. As more than 90% of personal computer users buy Microsoft Window and their demands are very inelastic, Microsoft has strong monopoly power. Microsoft's profit-maximizing monopoly price for Window XP/Vista is between $900 and $2,000.

a) Which is amount Microsoft would charge if it acted like regular monopolist, so why does Microsoft charge only $100-300 for Window XP/Vista?

b) Does Microsoft not maximize its profit?

c) Do you know other suitable exs that monopoly producers charge less than profit-maximizing monopoly prices? Give your group's response to this problem.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M922853

Have any Question? 

Related Questions in Microeconomics

Discussion questions1 discuss the differences between

Discussion Questions 1. Discuss the differences between conducting a risk assessment for a carcinogen versus a non-carcinogen. 2. Discuss how OSHA's Field Operations Manual could be used by an organization's management t ...

Microeconomics - price floorassignmentin a perfectly

Microeconomics - Price Floor Assignment In a perfectly competitive market, the equilibrium price and quantity represent the most efficient operation of that market. Optimum efficiency means that sellers cannot be made be ...

Cost-benefit analysisi measuring benefits from projects

Cost-Benefit Analysis I. Measuring Benefits From Projects That Reduce Private Good Costs Of Production (No distortions.)The inverse demand function for a good is given by: P = 30 -Q/3. Assume that the initial supply curv ...

Organization theorythis is the take-home midterm

ORGANIZATION THEORY This is the take-home Midterm Examination. You can use all available information, but are not allowed any exchange of Information between students taking this course. The deadline of HARD COPY submiss ...

To begin you initial post research one of the health

To begin you initial post, research one of the health profession licensing agencies in your state. Analyze and comment on the role this professional licensing group plays in the creation of policy within the profession a ...

Economics money bankingintroductioneconomics money and

Economics Money Banking Introduction Economics Money and Banking focuses on the traditional model of money and banking in the American banking system, a mixed capitalist economy. The course explains the functions of mone ...

Why do we not classfied money as factors of

Why do we not classfied money as factors of production

Problem 1 -an economic forecasting organization has

PROBLEM 1 - An economic forecasting organization has developed a model they feel will help them better predict the market conditions than just overall sentiment.  Their proprietary model yields either Positive or Negativ ...

1 a consumers preference ordering over baskets of goods x1

1. A consumer's preference ordering over baskets of goods (x1, x2) includes the following: i) she is indifferent between (5, 90) and (35, 10); ii) she strictly prefers (20, 50) to (5, 90). Check whether convexity of pref ...

Economics problem set-question 1 sometimes goods are

Economics Problem Set- QUESTION 1: Sometimes goods are rationed, so people cannot buy as much as they want at the announced price. A good example is Super bowl tickets, which are sold at below market price. Suppose that ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate