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Q1. The marketplace for gilders is primarily competitive and the market demand is: P = 315 - 0.6QD. The mutual marginal costs of firms in the gilder industry are: MC = 9 + 0.3Q. Draw the demand also marginal cost curves. Determine also show how much these firms will sell and what they will charge.
Q2. Elucidate data of an economy is given: C=50+.8Y,I=50.Let the output be 600.Is the economy in equilibrium? Discuss what is the equilibrium level of GDP?
Use the economic perpective to explin why someone who isnormally a ligh eater at a standard restaurant may become somewhat of a gullton at a buffet-style restaurant that chares a single price for all you can eat.
Assume the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For each level of output, elucidate which technology is cheapest.
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
Do protectionist policies benefit producers, consumers, workers, or the government
Find out your best affordable bundle if your travel preferences are such that you require exactly
The congestion fee was raised to £8 in July 2005. Illustrate the new equilibrium point on your graph also assuming new charge is now optimally set.
The marginal utility of a pizza is 20 utils, and its price is $2. If you buy one unit of each good, will you achieve consumer equilibrium? If not, how can greater total utility be obtained?
Explain how does the market system efficiently perform the functions of communication, coordination and motivation in the distribution of resouces to comsumers.
If one producer is able to produce a good at a lower opportunity cost than some other producer, then the producer with the lower opportunity cost is said to have an absolute advantage in the production of that good.
Describe the equilibrium price and quantity, producer surplus and consumer surplus.
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
Illustrate what additional effects follow this initial effect. Illustrate what is total effect of tax cut on aggregate demand.
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