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!
U.S. consumers have a demand function for umbrella which has the form QD = 90-p. Umbrellas are supplied by U.S. firms and U.K. firms. For simplicity, we assume there is a single representative firm in each country that behaves competitively. The cost function for producing umbrella in each country is ????(????) =y^2/2.
(a) What is the aggregate supply function for umbrella? What is the equilibrium price and quantity sold?
(b) The domestic industry lobbies for protection and Congress agrees to input a $3 tariff on foreign umbrellas. What is the new U.S. price for umbrella paid by the consumers?
(c) How many umbrellas will foreign firms supply? How many umbrellas will domestic firms supply?
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $2,700 per year, paid at the beginning of each year, in which case maintenance is provide. Alternatively, she can buy a use..
Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.
Understanding the reasons for past project overruns provides valuable lessons to improve future cost estimates. What do you think is the reason for the cost overrun for the project? Which cost estimating methods or other corrective actions could have..
What is allocative efficiency using the benchmark model?
Suppose we have two types of consumers (for simplicity we’ll assume that there is one person of each type). They have inverse demand curves given by: p1 =110−2q1 and p2 =70−4q2. What rents do the low-type consumers earn in any equilibrium? What about..
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
Christopher Ahlberg, CEO of Recorded Future (RF) has a decision to make about the direction of his company. Recorded Future’s “temporal analytics engine” is a set of quantitative and visualization tools that could help predict future events from past..
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
Please carefully read the following case, “NBA: Competing on Global Delivery with Akamai OS Streaming,” and answer the following question: Using Porter’s competitive forces model, analyze the NBA’s market situation. How does the use of Akamai help th..
Suppose that hospitals use nurses (N), doctors (D) to perform surgeries (Q). The production function for surgeries is: Q = F(N;D), where F(N;D) is some function that increases in N and D. Assume that the marginal products of N and D are diminishing
Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product.
Your weekly costs to producing q units are given by the following equation: C(q)=7+10q+3.5q2 +q3. With this technology, AC is minimized at approximately q = 1.11. What is the long-run equilibrium price of in this market, given that there are no barri..
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