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 Icecream company has gained exclusive rights to sell Icecream in State College. The demand for Icecream is Q = 3000 − 60P. The total cost of producing Icecream is C(Q) = 6Q for Q orders of the drug.
A. What is the marginal cost function for Icecream?
B. Write down the monopolist’s maximization problem, assume the monopolist chooses how many Icrecream to produce.
C. How many units should ICECREAM in State College?
D. What is the price at this level of output?
E. Is this outcome efficient? If so, why? If not, what is the efficient level of output?
F. What is the Lerner Index for this product? What about the HHI?
G. Suppose the demand for Icecream was instead given by Qd = 3000 − 3P. How would the Lerner index change? The HHI? Would this lead to a more or less efficient outcome? Explain.
what amount of additional government spending (without changing taxes) would be needed to reach the desired increase of GDP? 2) what change in total amount of direct taxes (without changing government spending) would be necessary to reach the same in..
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
Find the Herfindahl index for an industry composed of (a) three firms- one with 70 percent of the market, and the other tow with 20 and 10 percent of the market
1. if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
Which of the following is a rate that should theoretically serve as a floor for the Fed funds rate? If a security dealer "repos securities," they are a. An increase in the supply of reserves in the banking system leads to an increase in the Fed fund..
Elucidate how it is possible that we have "sustainable development" (as it is defined in text book) in a world in which minerals, oil and or non-renewable resources are being depleted.
Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites. Explain how welfare creates work disincentives. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliatio..
Calculate market demand and market supply. How this affects golden rule of capital per worker and golden rule of savings rate in so low model and explain your results.
World population is doubling in about every 30 years. what is the annual % growth rate? What is the exponential growth factor? Assuming 2% of the world's coal reserves have been utilized, how many doubling periods will it take for a 40% depletion of ..
Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these to rise about $1500 each year while he is in college. If it will take him 5 years to ..
If the market of a certain product experiences a decrease in supply and an increase in demand, which of the following results is expected to occur?
Does the existence of “efficiency loss” associated with health care over-consumption mean that citizens are worse off with the government’s provision of this insurance?
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