Equibrium in Price Desorimination Assignment 2: Market Forms Fer this nssignent
ID: 1192827 • Letter: E
Question
Equibrium in Price Desorimination Assignment 2: Market Forms Fer this nssignent you will do a signibcant portion of work in MS Excel and import Nstd Monopoly Regulation Theough Marginal Cost Pricing ome numbers may be rounded Compettion and Oligopoly Short-Run and Long Run Equitrum in Mo Exoess Capacity in Monopolinbic Compett Oigopoly Markt Demand Gurve Price Leadershp Price Wars Summary 1.00 147 00 571 11570 141.41 0.00 30.0015000 the folowing Complete Toble-1 Summarize your calouleions 2 Prepare graph showing erage Fxed Cests .Explanation / Answer
1.
2. See the image
3.As per the data the profit is maximum at quantity 4. profit maximization or loss minimization happens till yhe output where MR is greater than or equal to MC.
4. Normal profit is least amount of profit needed for survival i.e. total revenue is equal to total cost and economic profit is total revenue minus total cost which include both implicit and explicit costs. When quantity is 6 then normal profit is nearly attained as total revenue is approximately equal to total cost. And there is no classification of implicit and explicit cost given in the question so we can assume accounting profits are equal to economic profits here i.e. at quantity 4 profit is $126
Quantity AFC AVC ATC TC MC P TR MR Profit 0 0 0 0 0.00 345 0 1 180.00 135.00 315.00 315.00 315.00 300 300 300 -15.00 2 90.00 127.50 217.50 435.00 120.00 249 498 198 63.00 3 60.00 120.00 180.00 540.00 105.00 213 639 141 99.00 4 45.00 112.50 157.50 630.00 90.00 189 756 117 126.00 5 36.00 111.00 147.00 735.00 105.00 165 825 69 90.00 6 30.00 112.50 142.50 855.00 120.00 144 864 39 9.00 7 25.71 115.70 141.41 989.90 134.90 126 882 18 -107.90 8 22.50 121.90 144.40 1155.20 165.30 111 888 6 -267.20 9 20.00 130.00 150.00 1350.00 194.80 99 891 3 -459.00 10 18.00 139.50 157.50 1575.00 225.00 87 870 -21 -705.00Related Questions
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