Inverse demand equation from assignment

Assignment Help Macroeconomics
Reference no: EM13522296

a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
Also assume that the price (P) that found in Assignment 1 was = $3.66 (or 366 cents). .

Reference no: EM13522296

Questions Cloud

Analyze recent failures in the global financial system : Analyze recent failures in the global financial system and make at least one recommendation for systematic change that would prevent such failures from happening in the future. Explain your rationale.
Estimate the frequency of oscillation : A gibbon is hanging onto a horizontal tree branch with one arm, swings with a small amplitude. Estimate the frequency of oscillation
Calculating the tax shields on interest payments : Alpha wonders what amount of debt it should use in calculating the tax shields on interest payments in its capital budgeting analysis.
State the concentrations in anode and cathode half cells : Draw a concentration cell for 0.10 M Cu2+ and 2.0 M Cu2+ cell, show the following on each compartment clearly. All the component of each cell, including the concentrations in anode and cathode half cells
Inverse demand equation from assignment : a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
Explain the spontaneous cell reaction : Identify each half reaction as oxidation or reduction; mark which reaction occurs in anode and which in cathode. Write the chemical equation describing the spontaneous cell reaction (The overall reaction)
Compute the increase in fixed costs for 2011 : Compute the variable cost per unit and the contribution margin ratio for 2010 and compute the increase in fixed costs for 2011.
Calculate how high does the rocket travel : The model rocket is fired vertically from rest. It has a net acceleration of 17.5m/s2. After 1.5s, its fuel is exhausted and its only acceleration is that due to gravity. how high does the rocket travel
Calculate gdp using the value-added approach : What is the value added at each stage? Calculate GDP using the „value-added" approach.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describe price discrimination of any sort feasible

If price discrimination is feasible, which of these pricing approaches would you consider using market segmentation by location or time, two-part tariffs, limit pricing, penetration pricing.

  What factors affect the fuel efficiency of a carto what

what factors affect the fuel efficiency of a car?to what extent would increased government involvement with regard to

  Excise taxes on goods which have inelastic demand

Government imposes excise taxes on goods which have inelastic demand, such a cigarettes.

  Assume you want to begin a business in an area

Assume you want to begin a business in an area in which a natural disaster has recently occurred. How would you decide which kind of business to start.

  What would happens to hi-techs profits

What would happens to Hi-Tech's profits and the price of books in the short run when Hi-Tech's patents prevents other firms from using the new technology.

  Circumstances would this type of policy action be appropriat

The central bank decides to implement an expansionary policy action. What would you expect to happen to the nominal interest rate, the real interest rate and the money supply and credit growth? Under what economic circumstances would this type of pol..

  Impact of the proposed tax on the optimal retirement age

Most Social Security recipients do not currently pay federal or state income takes on their benefits. Assume the government proposes to tax these profits at same rate as other types of income.

  Illustrate what fiscal policy or policies would be the best

Illustrate what fiscal policy or policies would be the best to get it out of the recession

  What are the parallels incentives of congress

Explain the difference between the incentives of the owner of a house and renter of a house to undertake expenditures designed to improve or maintain the house. For example, are renters more likely to replace light bulbs

  Explain why would economists be very concerned if the annual

Explain why would economists be very concerned if the annual interest payments on the debt sharply increased as a percentage of GDP.

  The australian government recently announced its proposed

the australian government recently announced its proposed carbon price mechanism. the operation of this scheme is

  Determine the annual benefit x for alternative b to have the

Determine the annual benefit x for alternative B to have the same benefit-cost ratio as alternative A, assuming a minimum attractive rate of return of 12%:

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