Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
(25 points)Suppose that Intel has a monopoly in the market for computer chips. In
Order to produce X computer chips, it costs Intel C(X)= 2X2
(2 points) Find the marginal cost of producing a computer chip for Intel. (6points)The demand for computer chips is XD = 12 − 0.25 P. Find the level of output that maximizes Intel’s profits .What price is Intel charging? (4 points) What level of output would maximize total surplus in the computer chip market? (4points) suppose the government knew the demand and production functions. Find a price regulation the government could impose that would induce Intel to maximize total surplus, i.e., produce the efficient quantity from part (c).(6points) If the government subsidized Intel s for every unit of computer chips produced, what quantity would Intel choose as a function of s? Find the choice of subsidy that maximizes total surplus, i.e., induces Intel to produce the efficient quantity from part(c). (3 points) Both the price regulation policy from part (d)and the subsidy policy from part (e) maximize total surplus. Is there any reason someone might prefer one policy over the other?
Show more
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.
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 moreEach 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 moreThanks 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 moreYour 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 moreBy 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