Output and Profits


A firm has the cost function: TC = Q² It sells its goods in two markets with different demands: 

QA = 330 – 2PA & QB = 510 – 4PB

a) If the firm can practice third-degree price discrimination, how much will the firm produce? What will be the optimal price and quantity in each market? 

b) Under first-degree price discrimination, how does the relationship between demand and marginal revenue change? What happens to output and profits, to social, consumer and producer surpluses and deadweight loss? (No calculations required.) 

c) What are the conditions for Pareto efficiency? Are they met in the two cases above, if the only other industry in this economy, and all factor markets, are perfectly competitive?


In a 5- to 10-slide PowerPoint presentation, address the following:Provide an overview of the article you selected, including answers to the following questions:What type of group was discussed?Who were the participants in the group? Why were they selected?What was the setting of the group?How often did the group meet?What was the duration of the group therapy?What curative factors might be important for this group and why?What “exclusion criteria” did the authors mention?Explain the findings/outcomes of the study in the article. Include whether this will translate into practice with your own client groups. If so, how? If not, why?Explain whether the limitations of the study might impact your ability to use the findings/outcomes presented in the article.

Here is the article

Yildiran, H., & Holt, R. R. (2015). Thematic analysis of the effectiveness of an inpatient mindfulness group for adults with intellectual disabilities. British Journal of Learning Disabilities, 43(1), 49–54. doi:10.1111/bld.12085

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