Section focuses on opportunity cost-short-run and long-run

Assignment Help Business Economics
Reference no: EM131202033

Section focuses on opportunity cost and short-run and long-run. Imagine that you are considering the purchase of a car from a dealership in your hometown, but you are not willing to pay the asking price. Present the economic arguments and analysis that you can use to convince a sales person to honor your price.

Reference no: EM131202033

Questions Cloud

About the technology maturation : Anyone help me with this problem in excel? 4. Technology Maturation. Green Futures operates a solar panel power generation facility in Florence, Alabama. Green futures sells electricity for $0.07 per kilowatt hour. When should the panels be upgraded?..
Opportunity cost of spending a day at disneyland : If two people spend the same amount of money for a day at Disneyland (pay the same price for admission, pay the same amount for parking, etc.), then they have the same opportunity cost of spending a day at Disneyland. All else equal, a consumer would..
Competitive firm price equal its marginal cost in short run : Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? Provide specific examples to support your answers. Does a competitive firm’s price equal the minimum of the average total cost in the short run, in th..
Consistent with the concept of nash equilibrium : Using the guess and verify method, you can clearly conclude that an outcome is consistent with the concept of Nash equilibrium only if: (Explain Reasoning) You find that both players are better off in that outcome than in any other possible outcome o..
Section focuses on opportunity cost-short-run and long-run : Section focuses on opportunity cost and short-run and long-run. Imagine that you are considering the purchase of a car from a dealership in your hometown, but you are not willing to pay the asking price. Present the economic arguments and analysis th..
Advanced analysis-dollar value of the deadweight loss : ADVANCED ANALYSIS Assume the following values for the figures below: Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45 per bag. What is the total surplus when output level Q2 is being produced? What is the dollar value of ..
Profits of monopolist over more benefits to consumers : What are some socially undesirable effects of a monopoly industry (which means a single firm) producing less output than a similar competitive industry? How do you feel about the excess profits of a monopolist over more benefits to consumers? Provide..
Competitive firm price equal marginal cost in short run : Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? Provide specific examples to support your answers. Does a competitive firm’s price equal the minimum of the average total cost in the short run, in th..
Less-developed countries have withdrawn from negotiations : A major problem for negotiations by members of the World Trade Organization to expand free trade has been the issue of agricultural subsidies. As a result, less-developed countries have withdrawn from negotiations to lower their barriers to trade wit..

Reviews

Write a Review

Business Economics Questions & Answers

  Airlines have raised fares to make up for the fuel costs

Fuel Prices Could Squeeze Cheap Flights Airlines are having difficulty keeping prices low, especially as fuel prices keep rising. Airlines have raised fares to make up for the fuel costs. Explain how an increase in fuel prices might cause an airline ..

  The demand for ford trucks

The demand for Ford trucks

  Alternatives as probability of economic conditions changes

Management at Washington Hospital Center is thinking about two investments. One is an MRI machine, which can make $100,000 in good economic conditions or $60,000 in bad economic conditions. Another is a CT scanner, which can make $150,000 in good eco..

  Competitive firm price equal marginal cost in short run

Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? Provide specific examples to support your answers. Does a competitive firm’s price equal the minimum of the average total cost in the short run, in th..

  Deals with constitutional issue

Find a Supreme Court case that deals with a constitutional issue (either pending or already decide d•Briefly describe the issue. Do you agree with the Court’s decision (or if it hasn’t been decided how do you think the case should be decided)? Why or..

  Q qd 8000 - 16p 175 m 30 pgifm 30000 also pg

q1. qd 8000 - 16p 1.75 m 30 pgifm 30000 also pg 50illustrate what is the constant term if the equation for the

  Equilibrium price and quantity in the market for fish

Suppose the market for fish (a normal good) in the U.S. is in equilibrium.  Then suppose that the workers in the fishing industry successfully negotiate for a higher wage, while at the same time average household incomes in the U.S. increase dramatic..

  Why discouraged employees are not considered unemployed

Discouraged employees are not considered unemployed. People who work part time but want to be working full time are considered employed.

  Describe what is meant by demographic groups

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Foreign exchange markets to domestic markets

Compare operations of foreign exchange markets to domestic markets. Explain how foreign exchange rates, economic conditions, and the international business environment affect prices charged in foreign markets.

  Economy is suffering from severe inflationary problem

If the economy is suffering from a severe inflationary problem, high unemployment, and low growth as well as balance of payments deficit, what particular set of policies should government implement in order to attain both internal and external balanc..

  What are the firms total abatement costs

A firm emits 30 tons of a pollutant, before the government begins to regulate it. The firm’s marginal abatement cost curve is given by: MAC = 10*A (A = “tons of abatement”) The government issues an NPDES permit authorizing exactly 20 tons of emission..

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