Question 1 An industry is described by the following demand and supply functions. D:p=1,200Q, S2p=Q a) What is the market price and output level in

Question 1 

An industry is described by the following demand and supply functions.

D:p=1,200—Q, S2p=Q

a) What is the market price and output level in the industry?

b) What is the market price and output level when a firm purchases the sales

right of all the others, and thus becoming a monopolist?

Question 2

You are the COO at PineApple, a company that produces notebook computers for business

people. The company has just developed a new model — Pbook. For production of Pbook, the

company is considering production at all or some of the following plants.

Plant 1

Plant 2

Plant 3

Average Total Costs (ATC)

ATC1=1/2Q1

ATC2=1/4Q2

ATC3=1/4Q3

As the COO, you need to find out how to allocate the production.

a) What are the marginal costs of plant 1, plant 2, and plant 3?

b) How would you allocate the production of Pbook’? What % of total outputs

should be produced at plant 1, plant 2, and plant 3?

c) One of your subordinates argues that either plant 2 or plant 3 does not need to

be used as they have exactly same cost structure. Do you agree? Explain.

d) Your marketing manager reported that that the estimated market price of the

new product is P = $2,000. How many units are you going to produce in total?

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10