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  • A2 Microeconomics Diagrams Test

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    ay92931
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    Use a ruler and pencil for these ten diagrams - I will give them a mark of 5 each. Draw the long run average cost curve and marginal cost curve and profit maximisation output for a natural monopoly. Also draw the kinked demand curve for an oligopoly - also include the marginal cost curve.

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    Use a ruler and pencil for these ten diagrams - I will give them a mark of 5 each. Draw the long run average cost curve and marginal cost curve and profit maximisation output for a natural monopoly. Also draw the kinked demand curve for an oligopoly - also include the marginal cost curve.

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    Attribution Non-Commercial (BY-NC)
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    232 vues6 pages

    A2 Microeconomics Diagrams Test

    Transféré par

    ay92931
    Use a ruler and pencil for these ten diagrams - I will give them a mark of 5 each. Draw the long run average cost curve and marginal cost curve and profit maximisation output for a natural monopoly. Also draw the kinked demand curve for an oligopoly - also include the marginal cost curve.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 6

    Use a ruler and pencil for these ten diagrams – I will give them a mark of 5 each

    Diagram 1: Draw the long run average cost curve and marginal cost curve and profit
    maximisation output for a natural monopoly

    Diagram 2: Draw the revenue maximising equilibrium for a firm in a monopolistic market
    with a relatively inelastic demand curve (AR)

    Copyright Tutor2u Limited 2009


    http://www.tutor2u.net/blog/index.php/economics
    Diagram 3: Draw the kinked demand curve for an oligopoly – also include the marginal
    cost curve

    Diagram 4: This diagram covers the price and output for a firm in a contestable market – on
    the same diagram draw (i) the profit maximising price and output and (ii) a possible
    satisficing price and output – if the firm decides to cut prices in light of threatened
    competition

    Copyright Tutor2u Limited 2009


    http://www.tutor2u.net/blog/index.php/economics
    Diagram 5: Label the curves shown and then draw the effects of a rise in variable costs for
    an airline whose aim is profit maximisation

    Diagram 6: Draw the effect of a pollution tax on a product where there are negative
    externalities arising from production

    Copyright Tutor2u Limited 2009


    http://www.tutor2u.net/blog/index.php/economics
    Diagram 7: Draw the likely long run equilibrium for a perfectly competitive market given
    the short run equilibrium below

    Market Demand and Supply Individual Firm’s Costs and Revenues


    Price (P) Price (P)

    MC (Supply)
    Market
    Supply
    AC1
    AR (Demand) = MR
    P1 P1

    AC

    Market
    Demand

    Q1 Output (Q) Q2 Output (Q)

    Diagram 8: Show the deadweight loss of welfare associated with a profit maximising
    monopoly compared to the outcome expected in a competitive market.

    Copyright Tutor2u Limited 2009


    http://www.tutor2u.net/blog/index.php/economics
    Diagram 9: Show how price fixing may occur in a collusive oligopoly

    Individual Firm inside the Cartel Industry Costs and Revenues


    Price Price
    MC

    MC (industry

    AC Pm (cartel)

    Demand

    MR

    Firms Output Industry Output

    Diagram 10: Draw third degree price discrimination under a monopoly

    Market A Market B
    Price Price

    MC of supply

    Output Output

    Copyright Tutor2u Limited 2009


    http://www.tutor2u.net/blog/index.php/economics
    Copyright Tutor2u Limited 2009
    http://www.tutor2u.net/blog/index.php/economics

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