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!
Daniel allocates his budget of 24 per week among three goods. Use the following table of marginal utilities for good A, good B, and good C to answer the questions below
QA 1, 2, 3,4,5
MUA 50, 40, 30, 20, 15
QB 1,2,3,4,5
MUB 75, 60, 40, 30, 20
QC 1,2,3,4,5
MUC 25, 20,15, 10, 7.5
A. If the price of A is 2, the price of B is 3 and the price of C is 1 How much or each does Daniel purchase in equilibrium?
b. If the price of A rises to 4 while other prices and Daniel's budget remain unchanged, how much or each does he purchase in equilibrium?
c. Using the information from parts (a) and (b), draw the demand curve for a good A Be sure to indicate the price and quantity demanded for each point on the curve.
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Assume Fed expands money supply, however because public expect this Fed action, it simultaneously raises its expectation of cost level. Illustrate what will happen to output and cost level in short run.
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
Illustrate what is shop's sales mix Illustrate what is shop's break-even sales volume in dollars. Explain how many bicycles of each type must firm sell to earn a target net income of $50,000.
Suppose you can collect country level trade flows and GDP data. Explain how can you verify monopolistic competition model with data. Illustrate what do you expect is impact of transportation costs.
George, who owns and runs Tots Poses, expects to encounter an average of eight customers per day, each with a reservation price shown in following table. What are total revenues, average revenues and marginal revenues
At the equilibrium market price, each firm produces 20 units. What is the equilibrium market price, and how many firms are in this industry?
Your company has immediately acquired another company which has locations in Quebec also Paris.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
It is always better to hire a more qualified and productive worker then a less qualified and productive one regardless of cost.
Calculate consumption expenditures as a percent of real GDP for all years and calculate GDP growth in 2011 and 2012.
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