question archive You are the seller of "sour—spicy mixian", the two closest mixian competitors to you are "very sour mixian" and "very spicy mixian" respectively, and your closest substitute is "sour—spicy beef rice "
You are the seller of "sour—spicy mixian", the two closest mixian competitors to you are "very sour mixian" and "very spicy mixian" respectively, and your closest substitute is "sour—spicy beef rice "
Subject:EconomicsPrice: Bought3
You are the seller of "sour—spicy mixian", the two closest mixian competitors to you are "very sour mixian" and "very spicy mixian" respectively, and your closest substitute is "sour—spicy beef rice ". Use the Salop's model and graphically illustrate the impacts of the following events to your market share : i. Ifthe price of "very spicy mixian" decreases ii. Ifthe price of "sour—spicy beef rice" increases (4 marks) The cost function of Film X 1.vhich produces product 1 and product 2 is shown as follow: c(q1.q2} = 1000 + 441% + 2ch + {1.5:th2 E2551: of the total products are product 1 and the remaining are product 2, calculate the Ray average cost and Incremental cost for product 1. (6 marks) The market demand ?inction for shield in the competitive market is Q = 200.000 — 1.000;). Each shield requires 2 units of Vibanum (V) and 1 unit of labor (L). The wage rate is constant at $40 per unit. Suppose all Vibanums are produced by a monopolist with constant marginal costs of $20 per Vibanum. i. What price, m, does the monopolist charge for the Vibanunl '3 (5 marks) i. What price would it charge for shield if it vertically integrated into the shield market?
