Firm charge for a package of two pens

Assignment Help Business Economics
Reference no: EM13150553

What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?

Reference no: EM13150553

Questions Cloud

Economic functions financial intermediaries perform : What are the economic functions financial intermediaries perform? What is the role of broker in the financial market? How has that role changed since the inception of on-line investing?
Evaluating a nonstatistical or a statistical sample for test : List the steps involved in selecting and evaluating a nonstatistical or a statistical sample for tests of controls. Identify the professional judgments that must be made associated with each step.
Despite rapid vegetation growth and abundant animal species : More than half of the world's species of plants and animals are found in the rainforests. For this reason, we tend to think of them as very fertile areas and they have been called the "jewels of the Earth". Despite the rapid vegetation growth and ..
Which form of formula to use to find confidence intervals : Confidence intervals for the population mean number of that color of M&Ms in a pack. You may assume that the M&M are approximately normally distributed. Which form of the formula did you use and why?
Firm charge for a package of two pens : What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?
Differintial income or loss from accepting the overseas bid : A bid is received from an overseas customer for 1,000 phones at a price of $60 per phone. An additional 10% export fee on price would be assessed to the mobile phone company for overseas sales. What would be the differintial income or loss from ac..
Audit tests regarded as a test of a control : Which of the following audit tests would be regarded as a test of a control? A) Test of the specific itmes making up the balance in a given general ledger account. B) Tests confirming receivables
Define nonbonding domains : For the following please provide the # of bonding domains, # of nonbonding domains, polarity, intermolecular attractive forces, and which IMAF is the most important.
Whats the new gas pressure : A gas held at 798 mmHg in a 400 mL flask is released into a 3 L flask.Whats the new gas pressure?

Reviews

Write a Review

Business Economics Questions & Answers

  Reasons for differences in price elasticity of demand

Explicate how these projected deficits will affect the US Stock and bonds. Could you explicate briefly this question thank you.

  Assume to john smith gets promoted to a job

Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment

  Determine if the new column should be purchased

If the interest rate is 8%, determine if the new column should be purchased. Solve by both present worth and annual cash flow analysis methods.

  Explain how can changes in macro environment

Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.

  How would you design a specific customized compensation

How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.

  Compute your income elasticity of demand as your income

Use the midpoint method to compute your price elastcityof demand as the price of compact discs increases. Compute your income elasticity of demand as your income increases.

  World also changed the competitive situation

State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.

  Conclude marginal income products for exterminators

Is SPC employing labour and domes in an optimal ratio, assuming that substitution of resources is possible. Elucidate. Conclude marginal income products for exterminators and for domes/pumps employed by SPC.

  Explain how many brownies - espressos will sharifah consume

Using the method of Lagrange multipliers to derive Sharifah's demand for brownies and espressos. Explain how many brownies and espressos will Sharifah consume.

  What is each fisherman profit-maximizing output now

What is each fisherman's profit-maximizing output now. Find the market price and the total output.

  Elucidate how influences marginal profits associated

Provide an example for each about decision-making, interaction and workings or economy. Elucidate how that influences marginal profits and marginal costs associated with decision to purchase a new home.

  Existence of money reduce the costs

Explain how does the existence of money reduce the costs of making transactions relative to a society based entirely on barter.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd