Macro Economics

Managerial Economics BM (Term I - 2011) Problem impression 3B Problems on monopoly 1. An inventor has discovered a hot rule acting of producing semi-precious stones that could be produced from a composite mineral tack together in a particular tableland in Azerbaijan. The innovator purchased the plateau before anyone came to know about the innovation and the knead is patented. there argon merely two markets for the stone. One is among the Zulu people of atomic number 16 Africa and the other is among the aborigines of Tahiti. The forecasted annual involve in entropy Africa is PZ = 1500 0.5QZ and that in Tahiti is PT = 1000 QT. QZ is the sum of money demanded in South Africa and QT in Tahiti. PZ and PT are various(prenominal) prices. Prices are in dollars per snow leopard and quantities are in ounces. The annual terms of production and scattering is addicted as C = 100000 + 100Q + 0.5 Q2. Q is the quantity produced annu totallyy. attain the quantities sold in South Africa and Tahiti and the respective prices. 2. Suppose you ingest the exactly swimming syndicate in town. on that point are two types of swimmers in the town effective and casual. The demand function for the serious swimmers is given by PS = 6 2 QS and that for the casuals is given by PC = 3 0.5 QC. Here quantities are hours of economic habit per week and prices are in Rs. There are two hundred serious swimmers and 700 casual swimmers.

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