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!
You face a market of 30,000 buyers divided into 2 segments (A and B). The two segments are potentially different. From each segment you have picked a random sample and offered them a price. Here are the results:
1. Segment A: A random sample of 1000 from a population of 10,000 was offered a price of $60. Of the sample, 200 indicated they would buy at this price and the remainder said they would not.
2. Segment B: A random sample of 15,000 from a population of 20,000 was offered a price of $20. Of the sample 4,000 indicated they would buy at this price and the remainder said they would not.
Assume that the demand curve(s), as usual, is a straight line. The unit cost of production is $15. Is there sufficient data to determine profit maximizing price? If yes, derive the demand curve in the market. If not, in what way is the data deficient? Reasons specific to the problem rather than generic are preferred.
Suppose that the government decides that the level of housing shown in part a(say, H*) is "substandard" and requires that all people buy H**>H* instead. Show that these las would reduce this person’s utility.
david gets 3 per month as an allowance to spend any way he pleases. since he likes only peanut butter and jelly
Net domestic product (NDP) typically only accounts for depreciation of physical capital. However, there are three broad types of capital: physical, human, and natural. Should depreciation of the other two types of capital also be counted? Explain, pr..
Which of the following is the best example of a short-run adjustment? Smith University completed negotiations to acquire a large piece of land to build its new library. Your local Wal-Mart hires two more associates. A local bakery purchases another c..
Specialty Maching, INC bought a new multi-turret turning center for 250000. The machine generated new revenue of 80000 per year. Operating costs for the machine averaged 10000 per year. Determine the after-tax net present worth of this asset over the..
Saudi Arabia has a competitive advantage in the production of crude oil over the United States. Indonesia has a competitive advantage in the production of Nikes over the United States. Do you agree or disagree with these statements? Why? Explain the ..
Compare the efficiency of monopolistic and perfectly competitive markets. Discuss the economic factors that lead to the development of monopolies. Examples of monopolies include electric utilities, railroads, airlines, cable television, and sports le..
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
Life has become yet more complicated. Government spending works with a distributed lag. Now when $1 billion is spent today, GDP increases by $1 billion this period and $1.5 billion next period.
Compare Country Alpha with Country Omega. Which country would you expect to have a higher unemployment rate in each of the following situations? Alpha has a larger share of its population under age 25; Omega has a larger share of its population betwe..
What are some of the other key roles in the Planning Process.
Your client has recently occupied 47 West Street, a newly constructed shop unit, having acquired the freehold interest for $750,000. On the ground floor is a sales area with a width of six metres and a depth of eighteen metres. At the rear of this ar..
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