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!
My company needs to determine the profit-maximizing price for a video game console. My company currently charges $180 and manages to sell 2 million consoles per year. It costs $150 to manufacture a console while the price elasticity of demand for consoles is 3. What price should the company charge for the console?
All things considered, we assume the average purchaser of your video game console purchases ten video games, and my company earns $10 profit on each video game. What is the correct price my company should charge for consoles?
At what price and quantity will this cartel maximize its profit?
In the United States, corn is often used as an ingredient in animal feed for livestock. Why does an increase in the use of corn to make ethanol, an additive that is used in gasoline, raise the price of meat? Use supply and demand curves for the corn ..
The local government does not directly charge their residents for collecting garbage. However, the city faces increasing marginal costs of MC=1+0.7Q per ton. Residents' market benefit for garbage is MB=250-1.4Q per ton. What are the total costs to th..
Illustrate what is unusual about this market. Give an example of a good or service to might be characterized by this unusual market attribute.
Do you find evidence of international transmission? What seems to be the main channel. Do you find support for the argument discussed in class about the impact of U.S. monetary shocks. Does volatility seem to impact growth?
Which of the following statements about U.S. international trade is correct? a) Services account for about 25 percent of our exports to the rest of the world. b) About 50 percent of our imports and exports are goods and 50 percent are services. c) Mo..
The current annual US inflation rate is 3 percent and the current Brazilian annual inflation rate is about 10 percent. Given the current Real/USD exchange rate (3.65) predict the real/USD exchange rate a year from now using relative PPP:
A firm's production function is qi = 4*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. Find the firm's short run cost function, if Ki is fixed at $100,000. Now suppose that the price is not known. Derive the firm'..
Fidelity Mutual (an insurance company) has offered you a single premium annuity that will pay you $12,000 at the end of each year for the next 15 years.
In a command-system farm economy, the head of each household decides what crop to produce in the family farm. In the Circular Flow model of the market system, households are the ones who demand resources in the resource markets. The Law of Demand sta..
Movie time is a theater chain thinking of opening a new theater in a town. It is trying to decide whether to build a large theater or a small one. Estimates indicate that the small theater size would be large enough to handle demand, but Movie time i..
You are a monopolist producing video game software and know you can segment your market into two distinct groups of consumers: kids who will pay almost any price for your software, and older consumers who are very price-sensitive. Assuming all the sa..
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