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!
1. Given the following demand and cost functions, determine the output and sales level that maximize profit.Demand Function: Q = 25- P; Cost Function: TC = 20+5Q +Q2 20 Units 200 Units 5 Units None of the Above
2. Assume the price of product B, increases from $1 to $1.50. As a result, the quantity demanded of product "A increases from 500 to 600 a month. This indicates that the cross-price elasticity and relationship between the two products. .50, Substitutes .45, Substitutes .45, Complements .50, Complements Products are not related 3. Given the marginal revenue from a product is $15 and the price elasticity of demand is -1.2, what is the price of the product? Not enough Information $8 $88 $42 $68 4. Given the demand function: QD = -10-2.1 P +.62 Y. Where P is price and Y is Income For a 1% increase in price, quantity demanded falls by 2.1% For a 1% increase in price, quantity demanded increases by .62%. For a 1% decrease in price, quantity demanded increases by 2.72% None of the above
Explain why in a monopolistic industry, if demand and cost curves are the same as those of a competitive industry, and if the demand curve has a negative slope and the supply curve has a positive slope, then monopoly output will be lower and price..
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: maximize total costs maximize output, subject to a breakeven constraint maximize the happiness of the administrators of the NFP enterprise maximize the utility..
List 1 thing the government can do to pull a nation out of a recession using fiscal policy? How might this cause the your income or someone you know's income to rise?
Assume initially that the demand and supply for premium coffees (one-pound bags) are in equilibrium. Now assume Starbucks introduces the world to premium blends, and so demand rises substantially. Describe what will happen in this market as it moves ..
Suppose the price elasticity of demand for vanity plates in your state is 0.60. The initial price is $20 and the initial quantity is 1,000 plates per week. Suppose the state increases the prices by 10%. Predict the new quantity per week and total rev..
which country has the greater opportunity cost of producing olive oil b)the country which would end up exporting wine and which would export olive oil after the elimination of trade barriers.Olive Oil yield 40 barrels 30 barrels
Ted has preferences given by the utility function U(K,L) = K + 2L where K =pounds of Kale per month and L = pounds of lettuce per month. a. What is Ted's Marginal Utility of Kale? What is Ted's Marginal Utility from Lettuce?
suppose the equilibrium price in the market is 24 and the price elasticity of demand for the linear demand function at
Compare and contrast the effect of an increase in Foreign interest rates on Home's economy under fixed and floating exchange rate regimes. Use the IS-LM-FX model for each case (flexible and fixed exchange rates)2)Why might a country with a fixed ex..
Compute the total cost of providing this insured service to the plan before and after the change in coverage.
The Bank of England has switched from interest rate cuts to "quantative easing" This policy involves buying bonds from commerical banks in the hope that these institutions will again lend in vast quantities to businessess and individuals after sit..
Matthew need eggs (E) and premixed ingredients (I) to produce cake. Every cake needs exactly two eggs and one package of ingredients. When he adds three eggs and one package of ingredients, he still produces only one cake.
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