User Account

All Pages

A suppose the demand function for cable tv service is given

Assignment Help Microeconomics
Reference no: EM13377369

A. Suppose the demand function for cable TV service is given by QCTV = 15 - 0.25xPCTV + 0.0005xM + 0.3xPSTV, QCTV is the quantity of cable TV demanded (thousands of households), PCTV is the price of cable TV, M is income and PSTV is the price of satellite TV service. Suppose consumers' income is $50,000 and the price of satellite TV service is $90. At what price would the demand for cable TV services be 55,000 households?
 A. $67
B. $48
C. $12
D. There is not enough information to answer the question

B. Consider the relationship given by QCars = 100 + 4xPCars - 2xPSteel - .2xPWorkers, where is the quantity of cars (in thousands), is the price of cars and P is the wage earned by autoworkers. If the price of steel is $10 per unit and the price of workers (the wage) is $20, what is the supply curve for cars?
A. QCars = 140 + 4xPCars
B. QCars = 100 + 4xPCars - 2xPSteel - .2xPWorkers
C. QCars = 100 + 4xPCars
D. QCars = 60 + 4xPCars

Reference no: EM13377369

Questions Cloud

A firm produces a product with a fully allocated average : a firm produces a product with a fully allocated average cost equal to 20. if the price elasticity of demand for the
What factors affected national income unemploymey rate and : what factors affected national income unemploymey rate and inflation rate what factors effect each of these economic
Prepare the project objectives based on the requirement out : prepare the project objectives based on the requirement out lined at the next page.the following is the project
Find a newspaper or magazine article that highlights when : find a newspaper or magazine article that highlights when the political process works poorly not too hard. write a
A suppose the demand function for cable tv service is given : a. suppose the demand function for cable tv service is given by qctv 15 - 0.25xpctv 0.0005xm 0.3xpstv qctv is the
1 consider a market for an electronic component used in : 1. consider a market for an electronic component used in airport radar systems. two firms hold a patent on the
A firm has two prodcuts and two customers customer 1 is : a firm has two prodcuts and two customers. customer 1 is willing to pay 9 for product a and 4 for product b. customer
A firm produces a product with a fully allocated average : a firm produces a product with a fully allocated average cost equal to 20.nbspnbspif the price elasticity of demand for
What factors affected national income unemploymey rate and : what factors affected national income unemploymey rate and inflation rate what factors effect each of these economic

Reviews

Write a Review

Microeconomics Questions & Answers

  Dol if the manufacturer id producing 15000 units

For a given price P =$5, AVC = 3 and FC =20000, what is the DOL if the manufacturer id producing 15000 units. Using the DOL value calculated above what is the profits for a 10% increase and a 10% decrease.

  Structures and functions of financial institutions

Structures and Functions of Financial Institutions

  What are the consumer and producer surpluses when

Suppose the company initially has market power and acts as a monopolist. How many pills will the company sell and what price will it charge consumers?

  What is the maximum tax the gov. can impose

John has been in the habit of mowing Willa's lawn each week for $20. John"s opportunity cost is $15, and Willa would be wlling to pay $25 to have her lawn mowed.

  How to change any aspects of decision making

Sidney Featherstone of TIP, Inc. is owner and CEO of the company. He has made the company successful through his decision making over the years. This year he decided to retire to Costa Rica. He does not intend to change any aspects of decision mak..

  Explain distribution and transportation issues

Legal Issues- do you follow US law or Switzerland 8. International Franchising- any issues 9. Intellectual Property considerations 10. Completion of import documents needed for entry into the U.S. to include the tariff classification number and i..

  Business economics assignmentquestion 1explain with numeral

business economics assignmentquestion 1explain with numeral example that marginal revenue is always lower than the

  Determine what the u.s. should do to ensure the availability

Determine what the U.S. should do to ensure the availability of strategic materials in which it has a comparative advantage. Explain your rationale.

  Demand and supply equations in a market

The demand and supply equations in a market are given as Q = 30 - 2P and Q = 10 + 2P. If the government imposes a tax of $0.50/unit on the suppliers,

  Differences between monopolies and oligopolies

Write down some similarities and differences between monopolies and oligopolies. How would you classify Microsoft? How would you classify the power industry in your area?

  Computing herfindahl-hirshman index

Compute the pre-merger HHI measures for each market. How would a merger affect the market's HHI?

  Travel times on the bus and subway are independent

Assume Zack values his time at $0.25 per minute. He can purchase an MBTA report each morning that tells what the actual travel time will be for both the bus and the subway. How much is he willing to pay for this information?

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd