Question

Offered Price $14.00

KAPLAN MT445 UNIT 6 ASSIGNMENT LATEST 2016 FEBRUARY

Question # 00234574
Subject: Economics
Due on: 05/02/2016
Posted On: 04/02/2016 12:34 AM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
108861
Tutorials:
110484
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

Unit 6 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.

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-Unit6.doc). Submit your file by selecting the Unit 6: Assignment Dropbox by the end of Unit 6.

Unit 6 Assignment

Content and Analysis

Points Possible

Points Earned

Problem #1

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

6

Problem #2

A monopolistically competitive firm has the following demand and cost structure in the short run. Complete the table (a)

16

What level of output maximizes profit or minimizes loss? (b)

4

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

4

Problem #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. (a-c)

9

Writing Style, Grammar, and APA Format.

6

Total

45

Tutorials for this Question
Available for
$14.00

KAPLAN MT445 UNIT 6 ASSIGNMENT LATEST 2016 FEBRUARY

Tutorial # 00229782
Posted On: 04/02/2016 12:34 AM
Posted By:
Best Tutors for school students, college students kimwood
Expert tutors with experiences and qualities
Questions:
108861
Tutorials:
110484
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …interdependently xxxx means xxxx the demand xxx one firm’s xxxxxx depends xx xxx actions xx its rival xxxxx This makes xxxxxxxx making xxxxxxxxx xxxxxxxxx price xxx output levels xxxxxxxxxxxx try to xxxxxx uncertainty xxxxx xxxxx demand xx engaging in xxxxxxxx that makes xxxxx rivals’ xxxxxxx xxxx predictable xxxxxxxxxxx forming cartels, xxxxx price leadership) xx assuming xxxxxxx xxxxxxx by xxxxx rivals The xxxxx in an xxxxxxxxx act xxxxxxxxxxxxxxxx xxx demand xxx output depends xx the…
Attachments
KAPLAN-MT445-UNIT-6-ASSIGNMENT-LATEST-2016-FEBRUARY.doc (73 KB)
Preview: oligopoly xxx interdependently xxxx means that xxx demand for xxx firms xxxxxx xxxxxxx on xxx actions of xxx rival firms xxxx makes xxxxxxxx xxxxxx difficult xxxxxxxxx price and xxxxxx levels Oligopolists xxx to xxxxxx xxxxxxxxxxx about xxxxx demand by xxxxxxxx in behavior xxxx makes xxxxx xxxxxx actions xxxx predictable (colluding, xxxxxxx cartels, using xxxxx leadership) xx xxxxxxxx certain xxxxxxx by their xxxxxx The firms xx an xxxxxxxxx xxx interdependently xxx demand for xxxxxx depends on xxx competition xxxxxxxx xxxxxx is xxxxxxxxx when it xxxxx to price xxx output xxxxxxxx xxxxxxx 2013) x A monopolistically xxxxxxxxxxx firm has xxx following xxxxxx xxx cost xxxxxxxxx in the xxxxx run Output xxxxx FC xx xx TR xxxxxxxxxxx 0 90 xx 0 90 x -90 x xx 90 xx 130 80 xxx.....
Purchase this Tutorial @ $14.00 *
* - 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...