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Q. What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?
Q. Explain law of demand with the help of a demand schedule and demand curve.
Q.Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Q. "Cost function expresses the relationship between the cost and its determinants." Discuss this statement giving examples from any firm of your choice.
Q. "A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
Q. In any firm of your choice, try to find the effect of change in demand and change in supply on price and quantity of product.
Q. Write short notes on the following:
(a) Value Maximization
(b) Envelope Curve
(c) Peak Load Pricing
Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,
Explain whether the firm will make economic profit, In the short run and In the long run.
The organization and coordination of the activities of a business in order to achieve defined objectives.
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.
Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.
Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.
Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.
Given the data, please construct the demand estimation for soft drink consumption in the United States by a multiple-linear regression equation, and a log-linear (exponential) regression equation.
Determine the official measure of the deficit
The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
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