Re:Posting 11414

Your previous response seems good and logical but I would feel more comfortable if the additional information I am going to give would change your response in any way. You already know the market percentages for General Motors, Ford, and Bmw. Let me give you the figures for the remaining companies:DaimlerChrysler(14%)Toyota(11%)Honda(9%)Nissan(5%)Volkswagon(2%)Hyundai(2%)Mitsubishi(1%)In addition let me the different brands for 7 firms that were given:GM :Buick,Cadillac,Pontiac,Chevrolet,Oldsmobile, Saturn,GMC, and Saab-Ford:Mercury, Lincoln,Volvo,andJaguar- DaimlerChrysler:Dodge, Plymouth, Jeep, and Mercedes Benz-Toyota:Lexus-Honda:Acura-Nissan:Infinity- and as you already know BMW:Mini Coo... click for more

Determine the supply curve

Please provide the solution to the following problem so that i can solve similar other. Please explain in detail as i need to understand. Cornell Pharamaceutical, INc., and Penn Medical , Ltd. supply generic durgs to treat a variety of illnesses. A major product for each company is a generic equivalent of an antibiotic used to treat postoperative infections. Proprietary cost and output information for each company reveal the following relations between marginal cost and output: MCc =$10 + $0.004Qc (Cornell) MCp = $8 + $0.008 Qp (Penn) The wohole sale market for generic drugs is vigorously price competitive, and neither firm is able to charge a jremium for its products. Thus, P = M... click for more

Demand for labor, supply of labor, and income tax

Suppose that the demand for labor by firms is given by L = 1000 - 100W and the supply of labor from workers is given by L = -400 + 100W, where L represents the number of workers and W is the wage in this labor market. a. What are the equilibrium levels of W and L in this labor market? b. Suppose the government imposes an income tx of 25% on workers. The workers aftertax wage, W(w), will then be equal to the wage paid by firms, W(), times (1-t). What will the new equilibrium levesl for W(f), W(w), and L be in this labor market? c. What is the governments tax revenu and the deadweight loss from the income tax?

Cartels and profit maximizing outputs

Company A and Company B are soft drink companies operating in the same country for two decades. The market demand curve for their soft drinks is given by Q = 119 - 0.5P. Company A's short-run and marginal costs are given by STC = 3q2 + 48q + 572 and SMC = 6q + 48. Company B's short run total and marginal costs are given by STC = 6q2 + 18q + 849 and SMC = 12q + 18. a. If Company A and Company B form a cartel to market soft drinks, calculate the cartels profit maximizing price quanity combination. b. Calculate the profit maximizing output produced by each firm. c. Calculate the profits earned by each firm and the cartel.

Micro economics- Snodan

Please provide the answer to the following question. There was a problem that i corrceted with the market function. its Qd= 500-3p, Sorry for teh typo Thank you 1. A profit-maximizing firm operating in a perfectly competitive market can sell products for $100 per unit. The firm has a cost function represented by: C(Q) = 1000- 160Q + 10QSqr(10 q squared) . The market demand function for this product is Qd = 500 - 3P. a.What is the profit maximizing output for this company? b.What is the profit (loss) this firm will make at the profit maximizing level of output? c.How many firms will compete in this market at the profit maximizing price and quantity? (Assume all firms are... click for more