ASSIGNMENT ID
1034493
SUBJECT AREA Economics
DOCUMENT TYPE Essay
CREATED ON 9th July 2019
COMPLETED ON 15th July 2019
PRICE
$30
18 OFFERS RECEIVED.
Expert hired: NerdChic

Cookies Part II

Refer back to the cost calculations from your Module 4 assignment (the original calculations with the $30 fixed costs). Your cookies are sold in a perfectly competitive market with a market price of $5 per dozen. Calculate the profit-maximizing quantity of dozens of cookies for your cookies. Calculate the level of profit earned at that level of production. Now repeat the previous steps but with the $15 fixed costs calculations. Compare the results. Now assume you have a monopoly with your cookies with the following demand curve: $10 per dozen for one dozen, $9 per dozen for two dozen, $8 per dozen for three dozen, $7 per dozen for four dozen, $6 per dozen for five dozen, $5 per dozen for six dozen, $4 per dozen for seven dozen, $3 per dozen for eight dozen, $2 per dozen for nine dozen, and $1 per dozen for ten dozen. Start with the costs calculated with the $30 fixed costs. Calculate the profit-maximizing quantity of dozens of cookies for your cookies. Calculate the level of profit earned at that level of production. Now repeat the previous steps but with the $15 fixed costs calculations. Compare the monopoly results. Bring all your results together. Compare the perfect competition and monopoly results.
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Studybay is a freelance platform where you can order a Cookies Part II paper, written from scratch by professors and tutors.
09 July 2019
User created a project for Economics
09 July 2019
18 experts responded
09 July 2019
User contacted expert NerdChic
09 July 2019
User hired expert NerdChic who offered a price of $30 for the project and has experience doing similar projects
15 July 2019
The expert completed the project Cookies Part II for 5 days, meeting the deadline
15 July 2019
User accepted the project right away and completed the payment
15 July 2019
User left a positive review

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