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!
Consider a perfectly competitive industry. Each (identical) firm has the following total cost function C(q) = 16 + 4q2. The market demand facing the industry is Qd(p) = 500 - 10p, where p is the market price.
a) What is the long run equilibrium individual firm's profit π* ? Show your work
b) What is the long run equilibrium market price p*? Show your work
c) What is the long run equilibrium individual firm's quantity q*? Show your work
d) What is the number of firms in the industry N*? Show your work
Many believe that the government should regulate business with respect to privacy on-line, but corporations believe that self-regulation is more effective. Which approach benefits consumers? Businesses?
If the price for education is set by the market supply and demand. Subsidies are provided by scholarships and grants. How do these subsidies affect the market for education?
Guest Corporation issued (sold) 1,000 shares of its no par common stock for $110 per share. The bylaws established a stated value of $100 per share. The transaction is recorded as an increase in contributed capital of a. $ 100,000. b. $ 110,000. c. $..
Consider our competitive market described by the supply and demand model. If there are no externalities, explain why economists describe the competitive equilibrium as efficient.
Consider the market for widgets (an inferior good). Suppose that we see an increase in household incomes and, at the same time, higher labor costs for widget producers. What is likely to happen to the equilibrium price and equilibrium quantity in thi..
Madison has 5 times the marginal utility of consumption as Seth. If the government wants to achieve maximum societal happiness, should it transfer wealth from Seth to Madison?
Business competition encourages efficiency of production and leads to improved product quality.
Define product differentiation. Explain how firms use brand management and advertising to differentiate their product. Describe an advertising strategy that you could use to differentiate your movie theater (you must come up with a real-world strateg..
Suppose that legalizing the use of marjuana would decrease its price by 93%. If the price elasticity of demand for marjuana is -2.00, what would be the percentage increase in the quantity of marijuana demanded from legalizing marijuana? _______ perce..
The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules and regulations in your chosen industry. The chosen industry is General Motors. Please provide sourc..
What is creative destruction? Is it important to the economic development?
Five years ago, Thomas Martin installed production machinery that had a first cost of $25,000. At that time initial yearly costs were estimated at $1,250, increasing by $500 each year. The market value of this machinery each year would be 90% of the ..
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