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!
AC=16-Q+4q^2
MC=16-2Q+12Q^2
The firm’s problem is to choose the quantity that maximizes profit, given an exogenous market price P. (b) Does this problem satisfy the global second order condition? For parts (c) and (d), assume that the market price is P=26. (c) Calculate the quantities that satisfy the firm’s first-order condition. Which of these quantities satisfies the local SOC? (d) Calculate the firm’s profit-maximizing quantity. Justify your answer carefully. Calculate the firm’s highest attainable profit. (e) Carefully draw the firm’s supply curve. What is the lowest price at which the firm is willing to produce? You should show the exact coordinates of the supply curve at that price and the exact coordinates of the supply curve at the points where P=10 and P=26. (f) In what circumstances should the firm choose Q=1/10? (g) Calculate the firm’s inverse supply function, for the range of quantities where the firm has diseconomies of scale.
What happens to each of these values if the central bank changes the reserve requirement ratio to 3%.
State in words and show with a graph the effect of the following events on equilibrium price and quantity of the market given The price of cheese increases. Market: Pizza A study is released showing that eating apples causes caner. Market: Apples Inc..
Why might it be hypothesized that a typical developed country is likely to have a greater relative amount of intra-industry trade than is a typical developing country? Explain.
Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Elucidate price of waffle cones (in terms of ice cream scoops) would benefit both Iggi and Kurt and make both individuals willing to trade.
q1. the standard of living for the poorest third of the world is falling behind the standard for the rest of the world
Abdi’s incomes in periods 1 and 2 are $200 and $100 respectively. His preferences for consumption in the two periods are perfect complement. That is, for each dollar he spends in one period, he wants to spend the same amount in other period. What is ..
In community A, there is a single beekeeper and a single garden. The bees obtain nectar from the garden but provide no relevant pollination services. The bees, however, are a nuisance to the owner of the garden. The garden owner brings a lawsuit agai..
The marketer should examine the more complex effect of geography upon general market characteristics, distribution systems, and the state of the economy. Why? Discuss how this will impact the success of the marketing campaign.
Infinitely Repeated Cournot Duopoly: Alice and Bob each operate each operate a firm in a quantity setting (Cournot) duopoly game. Let the cost of a unit for Alice and Bob be 6
Alice owns a firm which produces oranges. Alice needs only two types of inputs which we call capital denoted by K and labor denoted by L. Price of capital i.e. the rental rate is r and price of labor i.e. wage rate is w. Each orange sells for p dolla..
As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves at your mov..
Which of the following groups are likely to have the highest tax elasticity of labor supply: a) college students, b) single parents, c) primary earners in two-parent families, d) secondary earners in two-parent families, or e) retired people with ave..
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