Microeconomics Help

Find the production possibilities and comparative advantage

Problem set

Please be as specific as possible and break-down each step, I learn best this way. Thanks in advance! 1. A monopolist has the possibility of price discriminating between domestic and foriegn markets for a product. The demands are Qd = 21-0.1P in the domestic market and Qf = 50-0.4P in the foriegn market. The monopolist's short-run total cost function is STC = 2000+10Q, where Q = Qd+Qf. a. Calculate the profit-maximizing, price-quantity combination for the monopolist with the price discrimination in each market and without price discrimination. b. Graph your answers. (Three graphs are necessary.) c. Compare the profit differential between price discrimination and no ... click for more

I only need help with plotting the graphs

I only need help with plotting the graphs for question 1b and question 2. Please be as specific as possible in plotting the graphs and explaining. Thanks in advance. The questions were already submitted (posting 3000) I only need help with the graphs. See attatchments for TA's earlier response. Thanks in advance 1. A monopolist has the possibility of price discrimination between domestic and foriegn markets for a product. The demands are Qd = 21 -0.1P in the domestic market and Qf = 50 - 0.4P in the foriegn market. The monopolist's short-run total cost function is STC = 2000 + 10Q, where Q = Qd + Qf. a. Calculate the profit-maximizing, price-quantity combnation for the monopol... click for more

Help with problem set

Please be as specific as possible and break-down answers in simple steps. I learn best this way. Thanks in advance! See Attatched file

Elasticity

What is elasticity? Example of price elasticity, cross-price elasticity, income elasticity, and supply elasticity