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!
Consider a monopolistically competitve market with N firms.each firms's business opportunities are described by the following equations:
Demand:Q = 100/N - P
Marginal Revenue = 100/N -2Q
Total Cost= 50+?? Q ?2
Marginal Cost= 2Q
a. how does N, the number of firms in the market, affect each firm's demand curve? why? ?
b. how many units does each firm produce?(the answers to this and the next two questions depends on N.)
c. what price does each firm charge?
d. how much profit does each firm make?
e. In the long run, how many firms will exist in this market?
Think of a recent high dollar purchase you have made (Television, computer, car, etc.). Using the 5 steps outlines in the consumer purchasing process, explain each step of the process as it applies to your purchase. Which 2 steps did you find most im..
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60. Find a symmetric Nash equilibrium in mixed strategies.
Can there be a deficit on Current Account and a deficit on Capital Account at the same time? Explain. Explain why currency depreciation leads to an improvement in a nation's balance of trade. How is the exchange rate determined in a freely floating r..
What would it take for a point beyond the PPF to ultimately become attainable? Name an important assumption associated with the PPF. Why are models such as the PPF which require broad assumptions used in economics?
Appalachian Coal Mining should minimize net cost by choosing that level of pollution
What is profit-maximizing level of hiring for firm. How is it determined. What is equilibrium quantity of labour hired in market. Does it make sense given number of firms.
An empirical observation that led to the development of the supplier-induced demand hypothesis is that when the supply of physicians in a market increases, the price also increases, which defies the basic rules of supply of demand. Proposed policies ..
Which of the following factors turned the budget surplus into a deficit in 2002?
q.for the questions below write an explanation of the short-run effect including the determinant of ad or as that is
Which of the following will be recorded as a credit entry in the U.S. balance of trade in merchandise account?
q1. how would you graph an edge worth box for two consumers with the same utility of uxy? also how would you do the
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