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Assume that the marginal utility of good A is 4 times the marginal utility of good B, However the price of good A is only 2 times the price of good B. Is this point consumer equilibrium? If not, what will occur?
Why does a prospective monopolistic competitor find it relatively easy to start production in the long run?
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
A simple random sample of size n = 210 is drawn from a population. The sample mean is found to be overbear above x = 20.1, and the sample standard deviation is found to be s= 3.2. Construct a 90 percent confidence interval for the population mean.
The federal government cuts spending on the purchase of new goods and services by $35 billion at a time when households are not spending 40% of additional income they receive.
Assume that all consumers have identical demand curves for local telephone service, and the producer of such service is a monopoly. Compare price, output, profit and consumer surplus when (a) the monopoly set a uniform price fir the product. (b) t..
suppose the equilibrium price in the market is 10 and the price elasticity of demand for the linear demand function at
Suppose that firms in the short-run are earning above-normal profits. Describe what will take place to these profits in long-run for the following markets:
What happens to the equilibrium price when the supply curve shifts-what factors likely influence the demand for cars? Identify at least four factors.
what is the consumer expenditure survey ce? how has the survey behaved since the year 2000? what have been the causes
The Federal Reserve is most likely the most independent government agency in the US. Independence means that Fed is free from presidential and congressional political pressures.
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
many movie critics claim that horror movies nowadays are more violent and bloody than they used to be. write an essay
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