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ASSIGNMENT:
The Case:
Pakistan Telecommunication Company Limited (PTCL) is a mega corporation
and a leading telecommunication authority of Pakistan. The corporation is the
backbone for country's telecommunication infrastructure despite arrival of a
dozen other telecommunication corporations, including Telenor Corps and China
Mobile Ltd. In addition to wire line operations, PTCL also provides fixed line
service through its countrywide CDMA based WLL (Wireless Local Loop)
network, under the VFone brand name and cellular service under Ufone brand
name. PTCL Group’s profit after tax was Rs.11.5 billion in year 2012 which was
36% higher compared to the profit achieved last year. Despite high inflation,
devaluation of Pakistani currency, increased prices of fuel and power, and salary
increments were main factors to increase the overall operating expenses by 7%
compared to last year, PTCL has maintained its monopoly in providing land line
service over other emerging telecommunication companies. It has the largest
Copper infrastructure spread over every city, town and village of Pakistan with
over million installed lines. Suppose total revenue function of PTCL was
TR=500+750Q-0.5Q2 whereas total cost function was TC=6000+200Q+0.125Q2
for the year 2012. Further, quantity demanded and quantity supplied function for
the same year was Qd = 1200-200P and Qs = 120+400P respectively.
Requirement:
Part A:
Keeping in view the above information, calculate:
a) Competitive level of quantity (millions) and price (per minute) of land line
service provided by PTCL.
b) Monopolist level of quantity (millions) and price (per minute) of land line
service provided by PTCL.
Part B:
Graph all the above findings and calculate welfare loss from monopoly faced by
society in terms of producer welfare loss and consumer welfare loss with the help
of graph.
Marking Scheme:
Part A: (Marks: 6+6)
Part B: (Marks: 13)
Note:
 Provide step wise calculation where required with the help of formulas.
 Graphs are very important in Economics courses. This assignment will
enhance your skill of drawing graph. A complete procedure of “How to
draw graphs in MS-Word” is uploaded on announcement page of LMS.
Get help from that uploaded file to solve your assignment.
 Draw graph by yourself. Do NOT copy from any source. NO need to write
irrelevant material. Properly label the graph where required. Labeling also
contains marks.

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Replies to This Discussion

Plz discuss

Tariq bhi plz discuss

I will also try to solve it..

please help me yar ap is ka  solution mujhe bhej do email address pay

ahmad_techno28@yahoo.com

All students must share points and also your problems.... so it can discussed and solution can prepare.

Don’t wait for solutions just participate in Discussions because after discussions a correct solution will prepare...

i am also try Waqar

TR = 500 + 750 Q – 0.5 Q^2

TC = 6000 + 200 Q + 0.125 Q^2

Qd = 1200 – 200 P

Qs = 120 + 400 P

So, according to above data

Qd = Qs

1200 – 200 P = 120 + 400 P

400P + 200P = 1200 – 120

600 P = 1080

P = 1.80

Putting P = 1.80 in the equation:

Qd = 1200 – 200 P

Qd = 1200 – 200 (1.80)

Qd = 840

Qs = 120 + 400 P

Qs = 120 + 400 (1.80)

Qs = 840

 

Putting quantity into the equation we will find the total revenue and total cost:

Revenue Equation:

TR = 500 + 750 Q – 0.5 Q^2

TR = 500 + 750 (840) – 0.5 (840) ^2

TR = 277,700

Cost Equation:

TC = 6000 + 200 Q + 0.125 Q2

TC = 6000 + 200 (840) + 0.125 (840) ^2

TC = 262,200

Profit = Total Revenue – Total Cost

Profit = 277,700 – 262,200

Profit = 15,500

 

dear waqar

Part A: k part b mai following question require hi

b) Monopolist level of quantity (millions) and price (per minute) of land line
service provided by PTCL.

Profit tu manga hi nahi hai brother aur ap ne solution mai Competitive and Monopolist Quantity (Millions ) and Price (Per Minute ) k bajay  profit dea wa hi so its wrong... kindy share correct solution....... part 1 ka b part ghor se parhien dear

Perfect Competetion aur monoply ka graph bi banane aate hain..... Menual aur word pa.... per data estimated lana hai ya actual????  Koi samj nai aa rai data ki... 

Perfect Competeting Normal Profit:

Monoply:

waqar uper calculation ap ki theak hai mere bhe ye he hai .

Great 

Waqar graph draw kare gaye new values ka jo calculate ki hai ok ap sawal neche parh sakte hai question may clear hai all the findings ka graph banaye ok .Per calculate welfare loss from monopoly faced by
society in terms of producer welfare loss and consumer welfare loss with the help
of graph.ye kase calculate kare gaye ye masla kar raha hai

Part B:
Graph all the above findings and calculate welfare loss from monopoly faced by
society in terms of producer welfare loss and consumer welfare loss with the help
of graph.


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