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!
Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $10 million per year and a variable cost of $3 per bag no matter how many bags are produced. Instructions: Enter your answers as whole numbers. In part e, round your answer to 2 decimal places. a. If this firm kept on increasing its output level, would ATC per bag ever increase? . Is this a decreasing-cost industry? . b. If you wished to regulate this monopoly by charging the socially optimal price, what price would you charge? $ per bag. At that price, what would be the size of the firm’s profit or loss? At that price, the firm's equals $ million. Would the firm want to exit the industry? . c. You find out that if you set the price at $4 per bag, consumers will demand 10 million bags. How big will the firm’s profit or loss be at that price? $. d. If consumers instead demanded 20 million bags at a price of $4 per bag, how big would the firm’s profit or loss be? At that price, the firm's equals $ million. e. Suppose that demand is perfectly inelastic at 20 million bags, so that consumers demand 20 million bags no matter what the price is. What price should you charge if you want the firm to earn only a fair rate of return? Assume as always that TC includes a normal profit.$ per bag.
Consider a 2 × 2 two-player zero-sum game in which the possible outcomes for Player 1 are win (payoff = 1) or lose (payoff = -1). The win probabilities corresponding to each of the four action pairs are UL : 1/3 UR : 2/3 DL : 3/4 DR : 1/4 a) (2 point..
Total surplus in a market does not change when the government imposes a tax on that market because the loss of consumer surplus and producer surplus is equal to the gain of government revenue. Taxes cause deadweight losses because they prevent buyers..
Justify your answer using at least two analytical techniques and presenting the information graphically.
q1. least degree of confidence in an economic generalization?q2. what is example of propaganda?q3. a. assume the
Suppose a (very small) country has a central bank who has issued 100m of money, where nominal output is 350m annually. How frequently is the average piece of money used? Give two realistic occurrences that might drive changes in the velocity of money
A sample of 18 Jacksonville employees Explain how they travel a mean of 399 miles per month, with a sample standard deviation of 33 miles.
Compute the elasticity of trades with respect to every inconsistent in the demand function.
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
The government of a nation established a price support for wheat. The government’s support price has been above the equilibrium price each year since, and the government has purchased all wheat over and above the amounts that consumers have bought at..
Volkswagen company is Germany own company with a massive factory in Mexico. In 2013, the Volkswagen Mexican factory produced $228 worth of cars and sold $6 to the U.S., $51 to Mexico, and $10 to Germany. How much was added to Gemany's GDP?
Discuss whether or not oligopolies are always bad for society, using examples from the industries you described.
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
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