User Account

All Pages

The following demand and marginal cost equations represent

Assignment Help Microeconomics
Reference no: EM13330899

The following demand and marginal cost equations represent the demand for some service inside the firm. At what price should the service be sold? Would it matter whether there was an external market for this service? The demand function P = 30-2Q. The marginal cost function: MC = 20.

Reference no: EM13330899

Questions Cloud

Adequate share of the benefits of international trade : Write a 4-6 page (12-point font, double-spaced) essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate share of the benefits of international trade.
Economists often study and evaluate economic policies : Economists often study and evaluate economic policies by country or region. As an economist, evaluate different regional trading arrangements. Select one regional trading arrangement and describe three economic effects of the arrangement. Plea..
The position of republicans and democrats : Generally speaking what is the position of Republicans and Democrats concerning TAXES and Government spending?
How much did she have left : Kelly invested $1,500 in the stock market on January 1. She lost 1/3 of it by the end of January and 2/5 of the remaining amount by the end of February. How much did she have left?
The following demand and marginal cost equations represent : The following demand and marginal cost equations represent the demand for some service inside the firm. At what price should the service be sold? Would it matter whether there was an external market for this service? The demand function P = 30-..
What null hypothesis should be what alternative hypothesis : Yet in the city as a whole, about 29%of the eligible jurors were women. Let p denote the probability that a juror drawn by the judge is a woman. Then to test the judge’s fairness in selecting women, what null hypothesis should be? What alternative hy..
How much energy is dissipated by all four resistors : In the figure R1 = 4.11 ?, R2 = 19.7 ?, and the ideal battery has emf ? = 13.0 V. How much energy is dissipated by all four resistors
Described by the utility function : Consider a household with income I and two goods to choose from - square feet of housing (x1) and dollars of other consumption (x2). Assume that price of other consumption is normalized to 1, and the annual price per square foot of housing is ..
Composite commodity for ground transportation : How might one define a composite commodity for ground transportation?

Reviews

Write a Review

Microeconomics Questions & Answers

  When consumers have more disposable cash

Reducing taxes increases the amount of available cash that consumers can use to purchase goods and services. The more cash consumers have, the more purchases they are likely make. As consumers in a country increase spending, it directly increases ..

  Calculate the present value of an item

What would be the present value of an item that has a salvage value of $25,000 at the end of four years?Assume a discount rate of 3.8% for an end-of-year factor?

  Under what circumstances would the net welfare loss

illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff

  Why company is producing has elastic or inelastic demand

Suppose you are the marketing manager of a company. Why you would be interested to know whether the good that your company is producing has an elastic or inelastic demand curve in the market

  When the absolute demand for the commodity exceeds

Say whether the statement is true, false, or uncertain, and support your answer using concepts discussed in class (only the explanation will be graded and not the T/F choice). If needed, you may do some additional research on these topics.

  Price discrimination and antitrust

What are the types of circumstances under which price discrimination violates antitrust? Use the handout to illustrate your answer (examples included in Section 15.5 – Antitrust: Price Discrimination and the Robinson-Patman Act).

  Description of process costing

Compute the physical units of production. Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production.

  What is the law of diminishing marginal utility

21st Century Pen Inc. produces 2000 pens per day, and hires 20 workers at a cost of $200 per day per worker. The price of each pen is $5 each. 21st Century Pen Inc. pays a daily rental rate of $60 on its factory and a daily insurance rate of $20. ..

  Determine who will get the goods and services

What motivated the producers of all the individual products in the store to make them and offer them for sale How did the producers decide on the best combinations of resources to use Who made those resources available, and why How does the market..

  Discuss firms activities outside the u.s

Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.

  Which price constitute firm 2''s optimal commitment strategy

Which price constitutes firm 2's optimal commitment strategy? Justify your answer and explain why it makes sense.

  Calculate the mean and standard deviation

Calculate the mean and standard deviation of 1-year and 20-year Treasury Constant Maturity Rates data series. Using the graphs and the results

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd