Question
A monopolist sells its product in two separate markets
with different price elasticities of demand. The marginal cost of production is constant at $20 per unit. The price elasticity of demand in Market 1 is −2-2−2 and in Market 2 is −3-3−3. What are the profit-maximizing prices in Market 1 and Market 2?Solution
To find the profit-maximizing prices, we use the formula from monopoly learner index/monopoly power- L= ((P-MC)/P) = 1/e => P = (MC/(1-1/e)) Given MC and e for both markets P1= 40Â Â Â Â Â Â Â Â Â Â and P2= 30.
Which of the following word will be at the third position when the words are arranged as per the dictionary order?
1- Market
2- Marble
...Select the correct option that represents the correct order of the given words as they would appear in an English dictionary.
1) Basic
2) ...
Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary. Â
1. Fac...
Which of the following sequence represents the correct dictionary order of the following words?
1. Transformation
2. Transcribe
3. ...
- According to the reverse dictionary order, which of the following words will come first?
1. Apple
2. April
3. Appear
4. Apply
5. Approac... Arrange the following words in their descending order according to the dictionary. Â
1. Translate Â
2. Truecaller Â
3. Trivago �...
Arrange the following in the English alphabetical order:
(i) Exploration
(ii) Exploratory
(iii) Exploitative
(iv) Exploit...
Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary.
1. Nation...
From the given alternatives, according to the reverse dictionary, which word will come at 3 rd position from the left end?
Select the option that represents the correct order of the given words as they would appear in an English dictionary.
1 – Brave
2 – Br...
