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!
Q. A industry uses a single plant with costs C = 160 + 16Q + .1Q2 and faces cost equation P = 96 - .4Q.
a. Find out industry's profit-maximizing cost and quantity. Illustrate what is its profit?
b. industry's production manager claims that industry's average cost of production in minimized at an output of 40 units. Furthermore, she claims that 40 units is industry's profit maximizing level of output. Elucidate where these claims are correct.
c. Could industry increase its profit by utilizing a second plant (with costs identical to first) to produce output in part (a)? Elucidate.
If the manager of impact industries decides to produce 240 units, illustrate what will the long-run total cost also long-run average cost of producing 180 units.
Illustrate what is the quantity of burgers demanded in equilibrium.
Classify this production function by returns to scale. Comput the firms long-run cost function.
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
Assuming other countries do not change their own trade policies, what would be the impact on the value of the dollar relative to other currencies? What would be the effect on the jobs in U.S. industries?
Determine which of the two investment projects a manager should choose if the discount rate.
Illustrate what matters is not the absolute abundance of factors, but their relative abundance. Poor countries have an abundance of labor relative to capital when compared to more developed countries.
Explain why dose the profits of firms that buy their inputs in perfectly competitive market and sell their output in imperfectly competitive markets tends to increase when there is excess supply
Illustrate what are the equilibrium values of the interest rate, price level, consumption and investment. What are the new short-run equilibrium values of the interest rate, price level, consumption and investment.
Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
Disability payments replace a higher fraction of the wages of low-wage workers than of high-wage workers.
A new law requires that all construction workers in your area belong to a labor union. Will this shift the labor supply curve, demand curve if both in home construction.
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