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!
The City of Oakland is considering alternative ways of providing cable TV service to its residents. Based on an econometric analysis of several recently awarded cable franchises in other cities, economists have determined that the total cost, TC, and demand curves for a cable company in Oakland would be:TC=2Q-0.1Q2+0.005Q3P=20-0.5QQ is measured in terms of thousands of customers, and P is a basic monthly price.a. Given the above information, what are the equations for the total revenue (TR) curve and the marginal revenue curve? Draw a graph for each one. TR=PQ. Note on Blackboard: the marginal revenue curve has the same intercept and double the slope of the demand curve. b. A first city council member believes that the city should operate the franchise and try to maximize profit. What would be the values for P and Q? You can get an approximate answer by drawing a diagram, or an exact answer by using calculus (the derivative of TC with respect to Q equals MC).c. A second city council member argues that the city should provide as much cable service as possible without losing money. Use a diagram for total revenue and total cost to find the values of P and Q where profit becomes zero, and where Q is as high as it can be without losses being incurred.d. A third city council member believes that the private sector should provide the service, but the private company that gets the franchise should pay 10 percent of its total revenue back to the city as an annual franchise fee. If the franchise would be given to the company promising to pay the largest franchise fee, what P and Q would occur? What will be the size of the annual franchise fee?
What is the marginal revenue for hiring a worker for the 1 st hour? For the 2 nd hour and determine how many hours Eva should extend her bakery's hours of operations.
You participate in a taste test for a new protein supplement called "Boost." You are given five consecutive one ounce vials of the supplement and after consuming each vial you are asked to note your reaction.
a pure monopolist determines that at the current level of output the marginal cost of production is 2 average variable
conduct an interview with a manager either one at your current place of employment or simply one that you know and find
Explain why an increase in quantity demanded is not the same as an increase in demand. Which of these would be associated with a rightward shift in the demand curve?
During the last year, the demand for books has been falling. At the same time, some industry observers expected that several smaller book manufacturers might exit the market due to the strong competition imposed by Kindle. Use a demand and supply gra..
to provide access to medical care to Kaiser workers in remote locations where medical services were in short supply,to slow the rate of growth in medical spending for Kaiser employees, as a group model HMO
Identify and describe the four sources of unemployment and the four types of unemployment. For each type of unemployment, indicate if public policy can be used to reduce the incidence of that kind of unemployment, and if so, indicate what policies..
you have been asked to discuss the differences between the microeconomic definitions of supply and demand and the
The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.
Presume that the dependent variable in your regression has a non-normal distribution, even after controlling for the x variables (In other words, MLR.6 is violated). Under what circumstances can the OLS coefficients and standard errors still are util..
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.
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