Qq1 explain how do i calculate the midpoints and marginal

Assignment Help Business Economics
Reference no: EM13354210

Q. Q1. Explain how do I calculate the midpoints and marginal costs of 1 thing in terms of the other and the other thing in terms of the 1 thing? On excel? And Explain how do i estimate the marginal cost at a point?

Q2. Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.

a. For the product is charging the most favorable price? Express how you know.

b. Should the price be changed, if so, Explain how?

Reference no: EM13354210

Questions Cloud

Qgiven your answer in part b if px would increases by 10 by : q.given your answer in part b if px would increases by 10 by what percentage would sales decrease? what impact would
Qthe warren amp smith company manufactures commercial : q.the warren amp smith company manufactures commercial zippers of the two kids x and the kind y. its production
Q 1 continue to read chapter 4 of your text book that deals : q. 1. continue to read chapter 4 of your text book that deals with demand analysis. every assignment ought to answer in
Q1 what are the impacts of demand what happens to the : q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
Qq1 explain how do i calculate the midpoints and marginal : q.q1. explain how do i calculate the midpoints and marginal costs of 1 thing in terms of the other and the other thing
Q1 state two economic principles of taxationa explain which : q1. state two economic principles of taxation.a explain which rule best justifies gasolines excise tax while the tax
Q assume the industry demand for a product is p 1000 - 20q : q. assume the industry demand for a product is p 1000 - 20q. assume that the marginal cost of product is 10 per unit.a
Q after technological change has taken place in each nation : q. after technological change has taken place in each nation the following table now applies in the absence of
Q1 for you and your neighbor to specialize and trade it : q1. for you and your neighbor to specialize and trade it must be that the price at which you or your neighbor sells the

Reviews

Write a Review

Business Economics Questions & Answers

  Provide reasons to explain what government would have to do

Provide reasons to explain what government would have to do to keep the unemployment rate at 3 percent."

  Illustrate what will be the consumer consumption of gasoline

Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of rebate.

  How may a firm achieve competitive advantage

How may a firm achieve competitive advantage? Consider strategies of cost leadership, benefit leadership, and degrees of focus.

  Gap between real gdp and potential gdp

In which directions are they pushing or pulling the U.S. economy. Also, do you think the gap between real GDP and potential GDP will widen or narrow.

  Write the likelihood functions of logit model

The best way to organize your results is in the form of a table. Report the log-likelihood and pseudo R2 for the nonlinear models and the R2 and adjusted R2 for the linear model. Write the likelihood functions of logit model

  Show what happens to one-both curves for the given scenarios

Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions.

  Utility function that represents britneys preferences

Write down a utility function that represents Britney's preferences over dresses also hats.

  Qwhile the primary focus of the final project should be on

q.while the primary focus of the final project should be on your firms worldwide operations integrate information on

  Change as income increases in this problem

Elucidate how do the ratios Px*X/I also Py*Y/I change as income increases in this problem.

  Economy be faced with endless trade cycles

Can an economy be faced with endless trade cycles also still have its Real GDP grow over time?

  Qmale and female turtles may experience different serum

q.male and female turtles may experience different serum cholesterol concentrations in their blood. provide an

  Illustrate what is the opportunity cost of producing

bananas can be produced. Between these points. Illustrate what is the opportunity cost of producing a pound of apples.

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