Assume that the market is perfectly competitive. Solve for equilibrium price and quantity (P,Q). Also compute the resulting aggregate firm profit and consumer surplus.

1. What is equilibrium price?

a=3

b=2

c=1

d=1/2

e=1/4

f=none of the above

2. What is the equilibrium quantity(Q)?

a=6

b=12

c=18

d=16

e=14

f= none of the above

3. Compute the resulting firm profit

a=16

b=326

c=0

d=214

e=15

f= none of the above

4. Compute the consumer surplus

a=384

b=296

c=0

d=112

e=-112

f= none of the above

Assume the market is served by a monopoly

5. Solve for equilibrium price

a=3

b=12

c=25

d=15

e=27

f= none of the above

6. Solve for equilibrium quantity

a=16

b=8

c=12

d=9

e=27

f=none of the above

7. Compute the resulting firm profit

a=164

b=0

c=192

d=256

e=112

f= none of the above

8. Compute the Consumer Surplus?

a=96

b=25

c=48

d=0

e=112

f= none of the above

9= Compute the Lerner Index

a=0.89

b=0.75

c=3

d=0.84

e=0.13

f= none of the above

Determine the present worth of 5 annual deposits of 1200 at : determine the present worth of 5 annual deposits of 1200 at the end of years 1 through 5 followed by 4 equal annual |

Question 1 you are a graduate accountant employed by murray : question 1 you are a graduate accountant employed by murray certified practising accountants. one of your clients sandy |

You put 20000 on deposit on your thirtieth birthday at 5 : you put 20000 on deposit on your thirtieth birthday at 5 percent compounded annually. on your fortieth birthday the |

Question 1 you are an investor seeking an investment : question 1 you are an investor seeking an investment opportunity. you have obtained the financial statements of two |

Assume that the market is perfectly competitive solve for : assume that the market is perfectly competitive. solve for equilibrium price and quantity pq. also compute the |

Consider a perfectly competitive market with 10 firms firm : consider a perfectly competitive market with 10 firms firm 1 firm 2...firm 10. firm 1 through firm 9 have the same cost |

A company buys a machine for 12000 which it agrees to pay : a company buys a machine for 12000 which it agrees to pay for in five equal annual payments beginning one year after |

Your firm is contemplating the purchase of a new 642000 : your firm is contemplating the purchase of a new 642000 computer-based order entry system. the system will be |

The us trade deficit is currently running over 50 billion : the u.s. trade deficit is currently running over 50 billion per month. explain why this is bad for the country in the |

## Calculating the optimal price and profitApple recently launched the iPod nano under 2-different versions:2GB and 4GB. There are two types of customers of the iPod nano. |

## Which is primarily responsible for the firms zero economicregarding the four attributes of perfect competition (many small firms, freedom of entry, standardized product, and perfect information): a) which is primarily responsible for the fact that the demand curve of a perfectly competitive firm is horiz.. |

## What will be the price of a pair of shoes in the u.s.Now, suppose that—in addition to the 20% tariff (per pair) on imported shoes—the U.S. also imposes a 10% tariff on the imported components used by the shoe industry to make each pair of shoes. What is the effective rate of tariff protection (ERTP) fo.. |

## Proposal aproposal a envisages generation of electricityproposal aproposal a envisages generation of electricity from water - a hydro-electric project. the useful economic |

## 1 suppose x is a discrete variable that has the following1 suppose x is a discrete variable that has the following probability density functiona calculate the cumulative |

## Depict an isoquant mapDepict an isoquant map depicting a typical firm's use of two inputs - white and black labor. Label its slope. What would be the effect of an increase the price of black labor from $12 to $13 and a decrease in the price of white labor from $13 to $12.. |

## Discuss who gains and who loses from a tariffDiscuss why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective? |

## Questionplace your answers in the table provided at the endquestionplace your answers in the table provided at the end of the questiona farmer expects to have three activities on |

## Buying electricity off the freewheeling grid at one quarterBuying electricity off the freewheeling grid at one quarter 'til the hour for delivery on the hour illustrates: a. relational contracts with distributors b. vertical requirements contracts c. |

## How to adjust nominal rateSuppose that consumption depends on the level of real money balances (on the grounds that real money balances are part of wealth). Show that if real money balances depend on the nominal interest rate, then an increase in the rate of money growth a.. |

## How do costs play into your everyday lifeWhen thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con.. |

## Many people have strong negative reactions to pop-upWrite a paragraph in which you describe the conditions under which a Web site could become profitable by relying exclusively on advertising revenue. In second paragraph |

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!

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