\u2022 ECN210-1
\n\u2022 Assignments
\n\u2022 Module 5: Critical Thinking
\nOption #1: Cookies Part II
\nRefer 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.
\n\u2022\tCalculate the profit-maximizing quantity of dozens of cookies for your cookies.
\n\u2022\tCalculate the level of profit earned at that level of production.
\n\u2022\tNow repeat the previous steps but with the $15 fixed costs calculations.
\n\u2022\tCompare the results.
\nNow 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.
\n\u2022\tCalculate the profit-maximizing quantity of dozens of cookies for your cookies.
\n\u2022\tCalculate the level of profit earned at that level of production.
\n\u2022\tNow repeat the previous steps but with the $15 fixed costs calculations.
\n\u2022\tCompare the monopoly results.
\nBring all your results together.
\n\u2022\tCompare the perfect competition and monopoly results.
\nAdhere to the following standards:
\n\u2022\tYour paper should be 3-4 pages in length, not including the title or references pages.
\n\u2022\tInclude at least 3 scholarly references.
\n\u2022\tThe Economics Library Guide (Links to an external site.) is a good tool to use to start your research (sources such as The Balance, EconomicsHelp.org, Investopedia, and similar websites are not acceptable).
\n\u2022\tReview the grading rubric for Module 5.
\n\u2022\tBe sure to follow the CSU Global Writing Center (Links to an external site.) for your citations.<\/p>\n","protected":false},"excerpt":{"rendered":"
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