Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Assume that in a certain region there is a single firm producing chocolates, Nestlex. In this region there is a population of N customers whose preferences for chocolate are uniformly distributed over the range (0,1), where this index relates to the chocolate's sweetness. Suppose that chocolate is produced with a constant marginal cost, so small that we take it equal to zero. Each customer is willing to pay up to 4 for a single unit of her preferred chocolate (more units are valueless), but the willingness to pay is reduced by (v - x) 2 when theconsumer in location v buys a chocolate from location x.
a) Suppose that the existing firm can produce a single variety of chocolate only. What varietyshould it produce, and what price does it charge?
b) A second firm is considering entering this market. What variety should it offer? What prices will the firms charge?
At what level of output will this firm maximize profit. Elucidate what is the level of profit for every unit of output produced at equilibrium.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Explain how many units of pork will the government be forced to buy to keep the price at $2.25. How much will the government spend in total.
Explain the Miami plant which is closed or continue to operate at a loss in short run.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds.
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd