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Home › Economics Help › Maximizing Profits - Market Pricing -
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Maximizing Profits - Market Pricing -

Date Posted: 29/09/2020
Category: Economics
Due Date: 30/09/2020
Instruction
Finance - Answer questions with steps or add a brief explanation to resolve problem to learn how to do the problem. I will add additional information to the selected best bidder.
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  • Hey Friend! How are you? How are you with economics? the last time you never got back to me.
    User_22073 | Sep 29, 2020, 14:22 PM
  • hello, my long time friend. Yes I am good with one. Let me do it for you
    kennwals | Sep 29, 2020, 14:23 PM
  • Let me think about it...I know you are really good at writing. This is economic and I need you to submit how you got to the answer. Can you do that?
    User_22073 | Sep 29, 2020, 14:27 PM
  • Yes I can do that for sure. just upload the instructions and trust me. I am good my friend. I promise
    kennwals | Sep 29, 2020, 14:28 PM
  • just waiting for you my friend
    kennwals | Sep 29, 2020, 14:33 PM
  • Please do not deny me this chance. I want to help
    kennwals | Sep 29, 2020, 14:51 PM
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  • Hello friend am now available kindly assign it to me
    Academicresearchpro | Sep 29, 2020, 15:12 PM
  • Thanks. Kindly upload the questions
    Academicresearchpro | Sep 29, 2020, 15:19 PM
  • Hey Friend! You scare me for a moment when I did not hear from you. I uploaded the homework. Answer all questions but on the specific ones I need the steps on how to get to the solution. These are for Q, 2,3,4, 5, 6, 7, 8, 9, 10, 12, 15, 16, 17, 22. There are 23 questions in total. Please review and let me know of any questions.
    User_22073 | Sep 29, 2020, 15:21 PM
  • Am so sorry for that but now am available for you
    Academicresearchpro | Sep 29, 2020, 15:23 PM
  • Everything is so clear am going to work on it right now
    Academicresearchpro | Sep 29, 2020, 15:24 PM
  • Hello friend, the assignment is ready. Kindly review and release the payment.
    Academicresearchpro | Sep 29, 2020, 22:01 PM
  • Hi Friend! I release payment and provided feedback with 10 stars. I will review and turn in later this week. I am hoping to get a good grade. I will let you know. Thank you.
    User_22073 | Sep 29, 2020, 22:39 PM
  • hey there please rate me 10 stars
    Academicresearchpro | Sep 29, 2020, 22:40 PM
  • Thanks so much. Always there for you
    Academicresearchpro | Sep 29, 2020, 22:41 PM
  • Hey Friend! I got wrong the following questions - Please can you look and review and send back. Questions 4, 7, 10, 15, 19, 20.
    User_22073 | Oct 03, 2020, 15:01 PM
  • Hello friend, hope you doing well. I will correct it. Thanks
    Academicresearchpro | Oct 03, 2020, 15:36 PM
  • Yes, please, and provide steps on how you got to the answers. You did not provide steps on those.
    User_22073 | Oct 03, 2020, 16:36 PM
  • Okay friend
    Academicresearchpro | Oct 03, 2020, 16:37 PM
  • Correction 4. C; Decision rule= MC/MR= 1 7. D; Price Elasticity of Demand is responsive change in quantity demanded due to change in price. More price elasticity means demand is more price sensitive, responds more to price change. Less price elasticity means demand is less price sensitive, responds less to price change.A firm's demand is more price elastic than entire industry's demand. As a firm has substitutes, but an industry has no substitutes. In our case, my individual firm's price elasticity of demand is more than entire industry price elasticity of demand. As entire industry price elasticity of demand is- 0.2 (in absolute terms), firm's price elasticity of demand is lesser than it, <- 0.2 which is -2.00. 10. A 15. C*
    Academicresearchpro | Oct 03, 2020, 18:47 PM
  • 19. C 20. A; When number of firms increases, consumers have variety of substitutes available, so the demand curve will be more elastic (flatter). Consumer will react more negatively with increase in price, thus the firms will have less price competition and will have less incentives in product differentiation. A very large number of firms exists in the perfect competition market with no possibility of product differentiation.
    Academicresearchpro | Oct 03, 2020, 18:47 PM
  • Are you around?
    User_22073 | Oct 05, 2020, 20:29 PM
  • Yes am available
    Academicresearchpro | Oct 05, 2020, 20:34 PM
  • I just assigned you.
    User_22073 | Oct 05, 2020, 20:41 PM
  • Thank you
    Academicresearchpro | Oct 05, 2020, 20:44 PM
  • Kindly rate me 10 stars for the previous assignment
    Academicresearchpro | Oct 05, 2020, 20:45 PM
  • The system is telling me that I have already provided feedback. I gave you 10 stars.
    User_22073 | Oct 05, 2020, 20:58 PM
  • Okay friend
    Academicresearchpro | Oct 05, 2020, 21:04 PM
  • kindly rate me 10 stars.
    Academicresearchpro | Oct 06, 2020, 14:01 PM
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