Assume that a monopolist’s demand function is q = 1 – p in two periods (q1 and q2). Marginal cost is equal to "c" in period 1 and "c-bq1" in period 2 (where b is positive but "small").

(i) Determine the price level in period 1 and period 2 in order for the firm to maximize its profit.

(ii) Does output decrease or increase from period 1 to period 2?

Answers

Answer 1

i) p2 = c - bq1 + bq2 + 1

ii) The relationship between output from period 1 to period 2 will depend on the specific values of c and b.

i) To determine the price level in period 1 and period 2 for the monopolist to maximize its profit, we need to consider the marginal revenue and marginal cost.

In period 1:

Demand function: q1 = 1 - p1

Marginal revenue: MR1 = dTR1 / dq1 = (p1 - 1) - bq1

Marginal cost: MC1 = c

To maximize profit, the monopolist sets the output level where MR1 equals MC1:

MR1 = MC1

(p1 - 1) - bq1 = c

p1 = c + bq1 + 1

In period 2:

Demand function: q2 = 1 - p2

Marginal revenue: MR2 = dTR2 / dq2 = (p2 - 1) - bq2

Marginal cost: MC2 = c - bq1

To maximize profit, the monopolist sets the output level where MR2 equals MC2:

MR2 = MC2

(p2 - 1) - bq2 = c - bq1

p2 = c - bq1 + bq2 + 1

(ii) To determine whether output decreases or increases from period 1 to period 2, we compare q1 and q2.

From the demand function, q1 = 1 - p1 and q2 = 1 - p2. If we substitute the expressions for p1 and p2 from part (i) into the demand function, we can compare q1 and q2. However, without the specific value of c and b, we cannot determine the exact relationship between q1 and q2. The relationship between output from period 1 to period 2 will depend on the specific values of c and b.

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Related Questions

Fiscal policy is the government’s use of government spending and taxes to influence the economy. For this task, you will choose one tool of fiscal policy—either government spending or taxes—and complete the activities below.
Part A
Which tool did you choose?
Part B
Do you think this tool should be increased or decreased to help the economy?

Answers

Explanation:

Fiscal policy is based on the theories of British economist John Maynard Keynes, which hold that increasing or decreasing revenue (taxes) and expenditures (spending) levels influence inflation, employment, and the flow of money through the economic system. Fiscal policy is often used in combination with monetary policy, which, in the United States, is set by the Federal Reserve to influence the direction of the economy and meet economic goals.

.

After the French were unable to complete the canal, the US took charge of its completion in 1904, and US President Theodore Roosevelt concluded that the US should receive all of the advantages.

He forbade other Panamanian merchants from establishing enterprises in the canal, and US military personnel were employed to complete the project.

Fiscal policy is termed as the policy that is wholly based on the increase and decrease of the revenue or the taxes of the different aspects of the economy like employment level, inflation, money flow in the economy, and the various others that are prevailing in the economic system.

It is used with the intuition to combine with the other monetary policy of the economy and then set the federal reserve for the economy to set its goals and acquire the economic goals of the economy.

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nathan and emily are hr managers at a large investment firm. they are expecting a labor surplus over the next two years resulting in the organization having 24 more employees than needed. typically, two employees leave the organization each month. which hr strategy should nathan and emily consider, taking into account the length of time they have available?

Answers

The strategy which Nathan and Emily consider, taking into account the length of time they have available is the natural attrition.

Natural attrition refers to the natural reduction in a particular business’s workforce which might be due to employees leaving on their own accord. Natural attrition is sometimes also called voluntary turnover. Thus, it is inevitable and uncontrollable across all industries and for all companies.

There are many such reasons for attrition, which are, better job offer outside, lack of growth on present work, poor working condition, problem with work life balance, etc.

Hence, this natural attrition strategy has both positive and as well as the negative effects on a company.

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From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.

Answers

Answer:4

Explanation:The total in 4 months would equal 360

4 months will it take you to save enough money to buy your North Face jacket.

Saving per month based problem;

What information do we have?

Amount save per paycheck = $45

Amount of jacket = 350 (Missing data)

Amount save per month = 2 × Amount save per paycheck

Amount save per month = 2 × 45

Amount save per month = $90

Number of months need = 350 / 90

Number of months need = 3.88

Number of months need = 4 months

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17A - Although the women of America are one step nearer to nylon stockings as a result of new ceiling price schedules . . . , the prospect of "nylons for Christmas," except for a favored few, is not good, hosiery manufacturers said yesterday.
—"Outlook Is Gloomy for Christmas Nylons," New York Times, November 10, 1945
This excerpt suggests that U.S. consumers were affected by —

Answers

Even if the jobs that women did during the war were eliminated after demobilization, women acquired skills between 1914 and 1918.

What modifications to women's social roles resulted from World War 2?

American women were given unprecedented chances during World War II to work in fields that had never been available to them, particularly in the defense sector. It was difficult for women to find good childcare while working and to combat societal stereotypes of working women.

How did women's roles in society change following World War One?

Most significantly, following the war, many countries finally granted women the right to vote. However, there were very few states that allowed their female residents to vote, and this did not happen until much later (1944 in France).

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Ahrens Tech incurs costs of $33 per unit ($21 variable and $12 fixed) to make a widget it normally sells for $58. Ahrens has received two special offers: Wholesaler A offers to buy 9,000 units at $46 each and Wholesaler B offers to buy 15,500 units at $42 each. Assuming Ahrens has the capacity to accept only one of these offers, which one should it accept

Answers

Ahrens should accept Wholesaler B offers to buy 15,500 units at $42 each

What is Wholesaler?

The sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or other wholesalers and related subordinated services, is known as wholesaling or distributing.

In the supply chain, a wholesaler serves as an intermediary or middleman. The most common type of wholesaler is a company that buys finished products from manufacturers and distributes them to retailers, who then sell smaller quantities of the product to end users.

To summarize the key distinctions, retailers sell goods directly to end users in small quantities. Wholesalers, on the other hand, sell goods to other store owners and retail industry professionals, who then sell the goods to the end user.

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1. As a manger, in accordance with the HR process, how would you work in tandem with HR to ensure that you retain quality employees, thus adding to the overall satisfaction of employee, and keeping turn over low?

Answers

Answer:

The first crucial guideline and ICT information that the management should be conscious of in order to be able to handle the many responsibilities all at once and achieve relevant achievement for the corporation's administration is to organize appropriately.

The second crucial talent that a manager must possess in order to effectively manage a firm is the ability to organise. This refers to the manager's capacity to delegate necessary duties, obligations, and responsibility to the subordinates.

Suppose the economy is in long-run equilibrium and wealth increases. In the short-run, the inflation rate will _____ relative to its initial level. a. increase b. decrease c. not change

Answers

Suppose the economy is in long-run equilibrium and wealth increases. In the short-run, the inflation rate will increase relative to its initial level.

In economics, long-run equilibrium is a state in which all factors of production have been fully utilized. When a market reaches a long-run equilibrium, firms will have made adjustments to their production methods and will have achieved the most efficient production process possible. This will maximize profits while maintaining market prices and wages at a sustainable level. In the long run, the economy will tend to produce goods and services at the lowest possible cost.

The impact of wealth on inflation in the short run as per the given statement, if the economy is in long-run equilibrium and wealth increases, in the short-run, the inflation rate will increase relative to its initial level. Inflation is defined as the rate at which prices of goods and services are rising in the economy. When the economy is in long-run equilibrium, there is no scope for output expansion.

Suppose wealth increases, it means that people have more disposable income, which may create additional demand. Since the output is fixed in the short run, the prices of goods and services will increase, resulting in an increase in the inflation rate relative to its initial level.

Hence, the correct answer is a) increase.

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Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...

Answers

Answer:

Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.

Explanation:

Answer:

No, paying from a credit card is more preferable .

Explanation:

The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :

No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.

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Each of the following managers has been given certain decision-making authority. classify each manager according to the type of responsibility center he or she manages.
a. Managers of various corporate-owned Grand Hyatt locations b. Manager of the complimentary breakfast buffet at the Hyatt Place in Richmond, c. Virginiin Manager (CEC) of the Hyatt Hotels Corporation

Answers

Hi! I'd be happy to help classify each manager according to the type of responsibility center they manage.

a. Managers of various corporate-owned Grand Hyatt locations: These managers likely oversee Profit Centers, as they are responsible for both generating revenue and controlling costs at their respective locations.

b. Manager of the complimentary breakfast buffet at the Hyatt Place in Richmond: This manager would be in charge of a Cost Center, as their primary responsibility is to manage and control the costs associated with providing the complimentary breakfast service to guests.

c. Chief Executive Officer (CEO) of the Hyatt Hotels Corporation: The CEO manages an Investment Center, as they oversee the entire organization and are responsible for making strategic decisions on investments, revenues, and costs to maximize the company's overall performance and profitability.

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Which of these is a reason that citizens should vote?

A. They can be elected to a government office.
B They get to help choose a person to represent their community.
C They get to make new laws.
D They are required by law to vote in every election.

Answers

I think it’s b I’m not sure really but hope this helps

how much is fdic insurance on a joint account with beneficiaries

Answers

The Federal Deposit Insurance Corporation (FDIC) insures joint accounts with beneficiaries up to $250,000 per depositor, per insured bank, for each account ownership category. This coverage applies to all joint accounts with beneficiaries, regardless of the number of beneficiaries.



Here is an explanation of how FDIC coverage works for joint accounts with beneficiaries:

A joint account with a single beneficiary is insured up to $250,000. A joint account with multiple beneficiaries is insured up to $250,000 for each beneficiary, up to a total of $500,000.If the number of beneficiaries exceeds four, the amount of insurance will be divided equally among all the beneficiaries, up to a total of $250,000.


It is important to note that the FDIC only insures the account for up to $250,000, regardless of how much is actually in the account. Therefore, if the account has more than $250,000, the amount above the limit is not insured by the FDIC.

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ownership .

According to the unit, what percentage of shoppers used a coupon in 2012?

A. 78%

B. 85%

C. 93%

D. 100%

Answers

today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c

Answer:

78%

Explanation:

I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P

You are in charge of purchasing supplies for a lighting company and need to buy 125 feet of electrical wire. A local supplier sells the wire for $1.25 per foot, plus 5% sales tax. An online company sells the wire for $1.75 per foot. The online company also offers a rebate of 10% for the whole order and charges no additional sales tax. If you choose the better of the two prices, how much will you pay for the 125 feet of wire?

Answers

Answer:

$164.06 for the 125 feet

Explanation:

total costs from brick and mortar store = ($1.25 x 1.05) x 125 feet = $164.06

total costs from online store = $1.75 x (1 - 10%) x 125 feet = $196.88

after you compute the total costs per store, you should purchase the electrical wire from the brick and mortar store

If a household tends to spend a relatively large portion of any income it receives, what can we predict about this household

Answers

If a household tends to spend a relatively large portion of any income it receives, either the income of the household is low to cater for their needs or their marginal propensity is high.

Marginal propensity

Marginal propensity to consume (MPC) is a metric used to determine what proportion of additional income a consumer spends on the buying of goods and services to the amount of money saved. Also, if the consumer receives a low income, almost all would be spent and little amount would be saved.

Hence, If a household tends to spend a relatively large portion of any income it receives, either the income of the household is low to cater for their needs or their marginal propensity is high.

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An engineer sketches detailed drawings of the keypad of a new cell phone. What stage in the product development life cycle is this?'

Answers

Answer:

Concept stage

Explanation:

The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and  options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.

what is centralization in business ?​

Answers

In a short summary it basically means a set up of the organization of power in a business meaning decisions and power is at the top and it’s slowly communicated to everyone below.

explain how operations strategy can help a business sustain its competitive advantage.

please answer this question in an essay.

Answers

Answer:

Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.

Explanation:

First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.

Who is the group of people MOST likely to purchase a company's products?
O A.marketing mix
О в.target market
O C.primary audience
O D. advertising audience

Answers

Option B is correct.A target/goal market is a crew of customers with shared demographics who have been recognized as the most likely buyers of a company's product or service.

Why is goal market important?

Having the right target market helps you decide where to find practicable purchasers who are looking for what you have to offer. If you have a target market, you know where to concentrate your advertising and marketing efforts and what to provide that is compelling and properly received.

For example, a children's toy may additionally have boys a while 9–11 as the target market and the boys' mother and father as the target audience. It may additionally also be defined as the consumer segment most likely to be influenced through an advertising campaign. The target market is also awesome from the buyer persona.

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Please help?? WILL MARK IF THERE ARE MULTIPLE ANSWERS!!!!!

Please help?? WILL MARK IF THERE ARE MULTIPLE ANSWERS!!!!!

Answers

High school probably

what is chick fill business history?

Answers

Chick-fil-A is a fast food restaurant chain that specializes in chicken sandwiches. The business was founded in 1946 by S. Truett Cathy, who opened the first restaurant in Hapeville, Georgia. The company's business history includes several milestones, such as the introduction of the Chick-fil-A Chicken Sandwich in 1964, the opening of the first freestanding Chick-fil-A restaurant in 1986, and the launch of the company's catering division in 2001.

Chick-fil-A has also experienced significant growth in recent years, with the company's sales surpassing $10 billion in 2018. Throughout its business history, Chick-fil-A has remained a privately held, family-owned company, with Cathy's son, Dan T. Cathy, serving as the current CEO.

One of the unique aspects of Chick-fil-A is its commitment to being closed on Sundays. This policy was established by Truett Cathy in 1946, and the company has continued to follow this tradition, with the exception of a few instances where the chain has provided food to emergency responders during natural disasters.

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Pls help it’s due tomorrow!

Pls help its due tomorrow!

Answers

Answer:

A. Contact Information for Refrences.

Explanation:

Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.

I hope this helps! Good luck! :)

What types of loans are available to consumers?

Answers

Explanation:

Credit Cards: That used fund daily transactions by customers.

Car Loans: That used fund the purchasing of a car by customers.

Private loans: Used mostly by borrowers for school funding.

Personal Loans: Being used personal usage by customers.

This table shows the balance in an account if monthly deposits of $10 were compounded monthly.

Annual
Interest
Value at end of:
5 years
10 years
15 years
20 years
0%
$600
$1,200
$1,800
$2,000
2%
$630
$1,327
$2,097
$2,948
4%
$663
$1,472
$2,461
$3,668
6%
$698
$1,639
$2,908
$4,620

Suppose you plan to save $10 each month, as indicated in the table. You can either deposit it into a savings account at 6% interest or you can put it under your mattress for safekeeping. How much more money will you have at the end of 5 years if you choose the savings account instead of your mattress?
a.
$698
c.
$98
b.
$439
d.
$600

Answers

Answer:

Explanation:

b i think, if im wrong, then i apologize

An economy in which the who, what, and how questions are answered by a combination of government direction and cultural norms and individual buyers and sellers is _____?

Answers

A traditional economy entails a system in which individual buyers and sellers, along with government direction or policies and cultural normative practices, answer the who, what, and how questions.

Traditional refers to a way of doing things that heavily relies on lifestyle, culture, norms, and traditions in order to separate the production and consumption of goods and services.

Like other forms of economy, traditional economy must attempt to address these three (3) crucial questions:

Who makes use of or consumes the products and services?What products and services ought to be created?How ought these products and services to be made?

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A customer needs to attach a
A. credit report
to a customer authorization form

Answers

Well, may you elaborate a bit more? I’d be glad to help

Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?

Answers

Answer:

spend money on bills first then food then save the leftover money for later

starfruit furniture's stock fell 2 points yesterday. what integer represents the change in the stock's value?

Answers

In this case, the integer -2 represents a decrease in the stock's value. The reason is a drop in the value of the share by 2 points. An integer is a type of number that is neither positive nor negative, so an integer can represent both an increase and a decrease in the value of a stock.

When the value of a stock decreases, it is called a decline. This means that the share price is lower than the day before. The opposite of a decline is a rise, which is when the price of a stock rises. When interpreting stock market numbers, it is important to be able to distinguish between increases and decreases in the value of a stock. This is why whole numbers are used to represent changes in stock prices.

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Graph investors’ long-term expected inflation rate since 2003 by subtracting from the 10- year U.S. Treasury bond yield (FRED code: GS10) the yield on 10-year Treasury Inflation Protected Securities (FRED code: FII10). Do these market-based inflation expectations appear stable? Did the financial crisis of 2007-2009 affect these expectations?

Answers

The global financial crisis (GFC) refers to the period of extreme stress in global financial markets and banking systems between mid-2007 and early 2009.

Investments are assets that are bought or invested in with the goal of increasing wealth and distributing funds from salaries or capital gains. The main goal of an investment is to generate a profit over a defined time period or to enhance income.

The mid-2007 to early-2009 era of high stress in the world's banking institutions and financial markets is referred to as the global financial crisis (GFC). The housing market and investment banks collapsed in 2008, which led to a broad economic downturn known as the global financial crisis.

The sub-prime loan crisis in the United States in 2007 was the precursor to the 2008 global financial crisis, which is regarded as the worst financial disaster to ever affect the entire world.

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Who is a microeconomic decision maker?
A. the director of an international trade organization
B. the entrepreneur of a firm
C. the finance minister of a government
D. the governor of a central bank

Answers

Answer:

the finance minister of a government

1. Which of the following is INCORRECT?
Assets
Liabilities
Capital
$
$
$
i
ü.
18,270
9,340
15,160
12,230
5,290
3,120
6,380
1,390
12,980
6,220
7,780
10,840
111.
iv.

Answers

Answer:

HINDI KO PO GETPASYENSYA NA POKUNG SAAN UMAASA KAYO SASAGOT KO.

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