Question

Offered Price $ 14.00

Kaplan University MT445 unit 5 assignment

Question # 00016273
Subject: Economics
Topic: Managerial Economics
Due on: 06/21/2014
Posted On: 05/27/2014 02:47 PM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
4722
Tutorials:
4991
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

Unit 5 Assignment

Student Name:

Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed.

1. Do the firms in an oligopoly act independently or interdependently? Explain your answer.

2. A monopolistically competitive firm has the following demand and cost structure in the short run:

Output Price FC VC TC TR Profit/Loss

0 $90 $90 $ 0 ____ ____ ________

1 80 ____ 40 ____ ____ ________

2 70 ____ 80 ____ ____ ________

3 60 ____ 140 ____ ____ ________

4 50 ____ 220 ____ ____ ________

5 40 ____ 320 ____ ____ ________

6 30 ____ 440 ____ ____ ________

7 20 ____ 580 ____ ____ ________

a. Complete the table.

b. What level of output maximizes profit or minimizes loss?

c. Should this firm operate or shut down in the short run? Why?

3. Suppose that Wal-World and Tarbo are independently deciding whether to implement a new bar code technology. It is less costly for their suppliers to use one system and the following payoff matrix shows the profits per year for each company resulting from the interaction of their strategies.

.png">

a. Briefly explain whether Wal-World has a dominant strategy.

b. Briefly explain whether Tarbo has a dominant strategy.

c. Briefly explain whether there is a Nash equilibrium in this game.

Directions for Submitting your Assignment

Complete your assignment in this Microsoft Word® document and save it as Username-MT445Assignment-Unit#.doc (Example:TAllen-MT445Assignment-Unit5.doc). Submit your file by selecting the Unit 5: Assignment Dropbox by the end of Unit 5.

Tutorials for this Question
Available for
$ 15.00

Kaplan University MT445 unit 5 assignment

Tutorial # 00015722
Posted On: 05/27/2014 02:49 PM
Posted By:
Best Tutors for school students, college students vikas
Expert tutors with experiences and qualities
Questions:
4722
Tutorials:
4991
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview … K…
Attachments
Kaplan_University_MT445_unit_5_assignment.doc (65.5 KB)
Preview: decision making difficult regarding price and output levels. Oligopolists try to reduce uncertainty about their demand by engaging in behavior t.....
Purchase this Tutorial @ $15.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
List of Main Subjects
Accounting
Anthropology
Architecture
Art
Asian Studies
Astronomy
Biology
Business
Chemistry
Communications
Computer Science
Economics
Education
Engineering
English
Finance
Foreign Languages
Gender Studies
General Questions
Geography
Geology
Health Care
History
Kindergarten
Law
Linguistics
Literary Studies
Marketing
Mathematics
Music
Nursing
Performing Arts
Philosophy
Physics
Political Science
Psychology
Religious Studies
Sociology
Statistics
Urban Planning and Policy
View all subjects...
Loading...