Please offer step by step explanation, so I can learn this subject matter. If the on-campus...
Please offer step by step explanation, so I can learn this subject matter.
If the on-campus demand for soda is as follows:
|
Price (per can) |
$0.25 |
$0.50 |
$0.75 |
$1.00 |
$1.25 |
$1.50 |
$1.75 |
|
Quantity demanded (per day) |
100 |
90 |
80 |
70 |
55 |
45 |
40 |
The marginal cost of supplying a soda is $0.50. What price per can will students end up paying in
- A perfectly competitive market? (5%)
- A monopoly market? (10%)
Homework Answers
a) In a perfectly competitive Market Price is equal to that of Marginal Cost where MC = MR or in other words price is equal to $0.5
b) In a monopoly price is set by maximum profit condition which is shown in the table
Maximum profit occurs at P=
$1.75 and therefore the price should be $1.75
Add Answer to:
Please offer step by step explanation, so I can learn this
subject matter.
If the on-campus...
help please if the on-campus demand for soda is as follows: Price (per can) Quantity demanded...
help please
if the on-campus demand for soda is as follows: Price (per can) Quantity demanded (per day) $2.25 30 2.00 40 1.75 50 1.50 60 1.25 70 1.00 80 0.75 90 0.50 100 and the marginal cost of supplying a soda is $1.25, what price will students end up paying in: Instructions: Enter your responses rounded to two decimal places. a. A perfectly competitive market? $ b. A monopolized market? $ < Prev 2 of 3 !!! Next >
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Answer I got was -4.3225N
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help please
if the on-campus demand for soda is as follows: Price (per can) Quantity demanded (per day) $2.25 30 2.00 40 1.75 50 1.50 60 1.25 70 1.00 80 0.75 90 0.50 100 and the marginal cost of supplying a soda is $1.25, what price will students end up paying in: Instructions: Enter your responses rounded to two decimal places. a. A perfectly competitive market? $ b. A monopolized market? $ < Prev 2 of 3 !!! Next >
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QUESTION 41 (Table: The Market for Soda) Look at the table The Market for Soda. If the government imposes a price ceiling of S1 per can of soda, the quantity of soda supplied will be: 10 cans. 9 cans Table: The Market for Soda Market for a Can of Soda Price Quantity Demanded Quantity Supplied (S/unit) (cans) (cans) 0.50 0.75 1.00 10 1.25 1.50
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I keep getting question incorrect. Not sure what I am doing
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