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!
For each of the following questions, explain you answer and show your work. Make sure your answers are backed up by numbers.
1. Suppose that individual demand for a product is given by Q = 1200 - 5P. Marginal revenue is
MR = 200 - 0.4Q, and marginal cost is constant at $ 20. There are no fixed costs.
a. The firm is considering a quantity discount. The first 400 units can be purchased at a price of $120, and further units can be purchased at a price of $80. How many units will the consumer buy in total?
b. Show that this second- degree price- discrimination scheme is more profitable than a single monopoly price.
Suppose the market for autoworkers is in equilibrium when the automakers purchase capital goods to produce more fuel efficient automobiles and these capital goods are a substitute for workers. What happens in market for autoworkers?
Having a 100% crime free society is not likely to be attainable. Why? Do you agree or disagree? Make your case, whether you agree or disagree, by using the tools of economics of crime prevention.
Many automotive dealerships, such as BMW, sell low mileage late model used cars, with warranties on defects and repairs that offer more coverage for longer periods of time than the warranties on their brand new cars. Explain the rationale for this..
Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls. a. What happens to the demand for Diet Cola Brand X? b. What happens to the demand for Diet Cola Brand Y?
1. which one of the following statements about fiscal policy is correct?a. fiscal policy refers to the altering of the
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 200 during the learning period,
You are the manager of a monopoly, and your demand and cost functions are given by P = 300 - 3Q and C(Q) = 1,500 + 2Q2, respectively. a. What price-quantity combination maximizes your firm's profits? b. Calculate the maximum profits. c. Is demand e..
We are constantly hearing about mass exodus of jobs in other countries (phone service, computer services, sales). Use the concept of comparative advantages to explain why this is occuring. Also, explain how the U.S. beneits more in the long run from ..
in the early 20th century worker productivity in the horndal iron works plant in sweden increased by 2 percent per year
A company in a purely competitive industry is currently manufacturing 1200 units per day at a total cost of $600. If the company purchased 1000 units per day,
Use the total cost (TC) schedule that is presented in the table below to determine the optimal rate of production when the firm can sell all of the output it produces at a price of $6.50 per unit. Also determine the level of profit (or loss) that the..
Bank North advertises, “We pay 6.5%, compounded daily.” Bank South advertises, “We pay 6.5%, compounded continuously.” If you deposit $10,000 with Bank South for one year, how much additional interest will you receive?
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