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!
Suppose that the government is deciding how wide to make a public road that services one resident named Bob. Bob’s willingness to pay for each meter of road is described by 20 – 2Q. a. Graph Bob’s willingness to pay (demand) curve. Suppose that the marginal cost for each meter of road is described by MC=2Q. Find the optimal width of the road. b. A second resident named Doug moves into a house on the road in question, and Doug’s willingness to pay is described by 10-Q. Graph Doug’s willingness to pay curve. Then derive the collective demand curve and draw it on a graph. c. Find the new optimal road width.
Ear Us production function is Q=KL. The company over the years uses input rates of 60 and 75 for capital and labour respectively. The price of capital is $40 and labour is $35 per ear phone. If $58000 is allocated to production, what is the maximum o..
Consider two mutually exclusive alternatives stated in year - 0 dollars. Both alternatives have a three - year life with no salvage value. Assume the inflation rate is 1.59 %, an income tax rate of 39 %, and straight - line depreciation. The MARR ..
Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher excise ..
An incoming engineering student (age 18) expects to get a job that pays $53700 per year starting four years from now, and can reasonably expect that that salary will increase at a rate of 3.6% per year throughout his career. If he is planning to reti..
In the short-run, a firm can experience increasing, decreasing, or constant returns to scale. Decreasing returns to scale are often due to coordination and communication problems that create operating inefficiencies.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. Variable cost is 0.80Q..
A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:
Zack quits his job at a consulting firm, which pays $40,000 a year, to enroll in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-y..
if the original amount of loan is for $24000 and interest is 1/2% per month on the unpaid balance, explain how much will Kris's payments be.
Two countries will have zero incentive to trade if their production possibilities curves are parallel straight lines because. One country has a comparative advantage in the production of both goods, thus providing that country with no incentive for t..
Do opportunity cost play a role in people's decision to specialize in certain activities. What describe the price at which trade takes place.
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
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