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!
In 2008, the box industry was perfectly competitive. The lowest point on the long-run average cost curve of each of the identical box producers was $4, and this minimum point occurred at an output of 1,000 boxes per month. THe market demand curve for boxes was
Qd = 140,000 - 10,000P
where P was the price box (in dollars per box0 and Qd was the quantity of boxes demanded per month. The market supply curve for boxes was
Qs = 80,000 + 5,000P
where Qs was the quantity of boxes supplied per month.
A) What was the equilibrium price of a box? Is this the long-run equilibrium price?
B) How many firms are in this industry when it is in long-run equilibrium?
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
Exclude the appealing logic of the Coase theorem, private actors often fail to resolve on their own the problems caused by externalities.
Explain how does the economist's use of the term rent differ from everyday usage.
Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price.
Dinkel Manufacturing Company accumulates the following information relative to jobs started and finished during the month of June 2008.
Utilizing both offer curves and a two by two payoff matrix, determine the optimal foreign economic policy of a hegemon.
Assume that your shareholders own only U.S. stocks. Would you expect an overseas investment to have above- or below-average risk for them.
If the customer surplus is small, does it mean that the demand will be greater for regulation or the supply will be smaller for regulation.
At the same time dozens of low price producers started growing plants for sale. The net result was a decline in the average price of houseplants.
Draw marginal revenue function for this firm. What is the profit-maximizing price for this firm? On the graph describe the area, this represents the net loss to society resulting from the monopoly power conferred by the patent.
Illustrate what would you expect to see happen to the cost of a checking account if banks could not make loans. What would happen to the amount of investment made by businesses.
Elcidate how slower inventory turnovers, slower receivables collections, or faster payments to suppliers would influence the numbers produced by a cash budget.
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