Consider;
A market with two groups of customers. The individual inverse demand for customers in group one equals: P1 = 20 - q1. The individual inverse demand for customers in group 2 equals: P2 = 20 - 2q2.The marginal cost of production is constant and equal to $2/unit. Assume an equal number of customers in each group. For purposes of the exercise, assume that there is one customer in each group. Assume that the market is served by a single firm with no entry.
1. Consider the case where the monopolist decides to sell its product to both groups of customers using a single two-part tariff (i.e., the per-unit charge and fixed fee is the same for both groups).
d. Discuss the trade-offs a firm faces when setting the profit-maximizing two-part tariff in this setting. Include an illustration. Under what conditions does an increase in the per-unit price increase total profit?Under what conditions does an increase in the per-unit price reduce total profit?
For questions (1)-(7), suppose Austria imposes a quota of 12 units, and Austria is a small country. (1). Compared with free trade, domestic consumption increases by 3 units. (2). compared with free trade, domestic production increases by 3 units. (3). compared with free trade, consumer surplus decreases by atb+ctde. (4). compared with free trade, producer surplus decreases by a. For questions (5)-(7), suppose the quota is implemented as a voluntary export restraint. (5). compared with free trade, welfare decreases by buctdte. (6). compared with free trade, deadweight loss is $3. (7). the effect of the quota is identical to the effect of a tariff of $1 per unit. For questions (8)-(9) suppose Austria imposes a tariff of $3 per unit, and Austria is a large country. (8). there is no trade for Austria. (9). Austria's terms of trade improve. For questions (10) and (11), suppose Austria imposes a tariff of $1 per unit, and that Austria is a large country. (4 points each). (10). Austria's deadweight loss is smaller than $3. (11). Suppose the domestic price in Austria after the tariff is $6.5, then Austria's welfare increases relative to free trade.irements Journalize the transactions. Explanations are not required. How much paid-in capital did these transactions generate for Stanley Systems? . 11: Received equipment with a market value of $75,000 in exchange for 11,000 shares of the $3 par value common sto Date Accounts Debit Credit un. 11 Requirement 2. How much paid-in capital did these transactions generate for Stanley Systems? Total paid-in capital generated from these transactions amounts to $ Choose from any list or enter any number in the input fields and then continue to the next question.QUESTION 4 / 11 According to the trial balance, what is the working capital? Trial Balance Cash $ 10,000 Accounts Receivable (AR) 2,000 Inventory 3,000 Accounts Payable (AP) 2,000 Accrued Expenses (AE) $ 3,000 Revenue $ 15,000The polycentric staffing policy has the drawback of 0 failing to promote local talent @ avoiding women's rights costing too much O Isolating subsidiaries Question 13 (0.5 points) Which one of the following payment mechanisms would you use as an exporter if you are dealing w importer in a country with high political risk and unreliable banks? cash In advance document collection letter of credit open account Question 14 (0.5 points) Which of the following international staffing policy would have to be used if qualified people a home country? O ethnocentric policy O eccentric policy O geocentric policy O polycentric policyWhich of these tasks is performed by a staff? , r a. Directing others \\_/ V b. Delegating authority - c. Use punishments and sanctions \\_, ,9 d. Assisting other employees Question 29 Not yet answered Marked out of 1.00 l7 Flag question Communication can be categorized as a. Verbal communication and non- verbal communication b. Verbal communication only :Vr c. Nonverbal communication only d. Neither verbal nor non-verbal communication
