Relationship between economic profits and quasi-rents

Assignment Help Business Economics
Reference no: EM131236687

Since Herbert Mohring regards the cost of widget capital as the fixed cost effectively, what can you conclude about the relationship between economic profits, quasirents and the cost of capital?

Reference no: EM131236687

Questions Cloud

Hypothetical-economy operated as pure market economy : Consider the following HYPOTHETICAL scenario: Imagine an island economy that is periodically struck by an epidemic disease that affects only children. What would be the market solution to this problem if the island economy operated as a pure market e..
Assume risk neutral behavior : Suppose it is believed that the U.S. dollar will steadily depreciate against the euro at a rate of 2% a year over the next three years. After that, people expect the dollar–euro rate to be steady. Ten-year U.S. government dollar bonds yield 8%. What ..
In competitive industry the market-determined price : In a competitive industry the market-determined price is $12. A firm is currently producing 50 units of output, average total cost is $10, marginal cost is $15, and average variable cost is $7. In order to maximize profit, the firm should
Increasing returns to scale and decreasing returns to scale : Is the output produced sufficient to cover the factors of production when production is under: i) constant returns to scale (CRTS), ii) increasing returns to scale (IRTS) and iii) decreasing returns to scale (DRTS)?
Relationship between economic profits and quasi-rents : Since Herbert Mohring regards the cost of widget capital as the fixed cost effectively, what can you conclude about the relationship between economic profits, quasirents and the cost of capital?
Negligence and multiparty liability : Negligence and Multiparty Liability. Alice Banks was injured when a chair she was sitting on at an Elks club collapsed. As a result of her injury, Dr. Robert Boyce performed surgery on her back, fusing certain vertebrae. Did the Elks club have primar..
What is the estimated marginal revenue function for the firm : A price-setting firm faces the following estimated demand and average variable cost functions: where Qd is the quantity demanded, P is price, M is income, and PR is the price of a related good. The firm expects income to be $40,000 and PRto be $53. T..
Calculate consumer surplus and producer surplus : The demand for car seats is: Q= 100-P. The supply of car seat is; Q=4P. Find the market equilibrium price and quantity. Graph the market supply and demand curves. Calculate consumer surplus and producer surplus.
Determine the amount of income to be reported : Determine whether the taxpayer in each of the following situations has realized income. Explain why there has or has not been a realization, and determine the amount of income to be reported.

Reviews

Write a Review

Business Economics Questions & Answers

  Opportunity cost-identify both explicit and implicit cost

Please explain “opportunity cost” and give three examples from your own life. Please include and identify both “explicit” and “implicit” costs in your examples.

  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.

  Depletion charges using the percentage depletion method

Determine the depletion charges using the percentage depletion method for the first year only for a coal mine. The applicable rate for the percentage depletion method is 12%. Cost to acquire mine rights = $50,000

  Successfully enter region or further develop your presence

Elucidate how would you argue your case, both in terms of opportunities also necessary local adaptations to successfully enter the region or further develop your presence.

  When the government imposes a price floor

When the government imposes a price floor above the market price, the result will be that:

  Concert tickets to see adele have increased

Concert tickets to see Adele have increased from 100$ to 150$.

  Microeconomics what assumptions are necessary for a market

what assumptions are necessary for a market to be perfectly competitive? in long-run equilibrium all firms in the

  What is best solution to environmental conflict of interest

Consider the following supply and demand schedule for steel: Pollution from steel production is estimated to create an external cost of sixty dollars per ton. From an economic point of view, what is the best solution to this environmental conflict of..

  Circumvent any challenges to gun control legislation

The City of Milwaukee is considering suing the manufacturers of handguns and other firearms, on the basis of a “public nuisance.” “Nuisance” is defined under Wisconsin statutes as “any source of filth or cause of sickness.” Does such a lawsuit have m..

  Compared to the average net worth of white families

Compared to the average net worth of white families, the average net worth of black and Hispanic families is ______. (LO1)

  Theoretical model of inter temporal budget constraint

The theoretical model of the inter temporal budget constraint for the U.S. economy as a whole suggests that the most common pattern seems to be that: the quantity of?... or the result of?..

  Optimal bidding strategy for an oral auction

The optimal bidding strategy for an oral auction is: Select one: a. To size up your competition to determine how much to shade your bid. OR b. To bid drop out when the bidding exceeds your true value. To attract more bidders, and more aggressive bidd..

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