EC 501: Problem Set 13, Solutions
1. (a) If Johnsville is not regulated, it will ignore the externality and simply
maximize its profit, using the monopoly solution. Now demand can be
written as
1
Q,
P = 22
120
1
then M R = 22 Q.
60
Setting MR=MC to maxim
EC 501: Problem Set 6, Solutions
1. (a) To test for returns to scale, suppose capital and labor inputs are fixed
at K0 , L0 and output is
1
3
q0 = 5K04 L04 .
Now lets change capital and labor inputs by a factor to K0 , L0 and
see what happens to output. O
EC 501: Problem Set 11, Solutions
1. (i) If Big Boy is a price leader, we must find the supply curve of the fringe
firms, which is the sum of their MC curves. For each firm, differentiating
the cost function, we get:
M C(q) = 2q + 5
so each firms supply c
DAFTAR PUSTAKA
[BUMN] Kementerian Badan Usaha Milik Negara Republik Indonesia. 2015.
Privatisasi BUMN. Jakarta (ID): BUMN.
Asropi. 2008. Menilik Kinerja Privatisasi: Perbandingan Malaysia dan Indonesia.
Urnal Administrator Borneo [Internet]. [diunduh 2015