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!
N firms compete in a perfectly competitive industry. Market demand Q, for a good is given by Q=3000-50P, where P is the market price. For each firm I, the long run total cost function , C(qi) is:
C(qi) = 0 if qi = 0
C(qi) = 100 + qi2 for qi > 0
a. What is the long-run supply curve for an individual firm? Explain
b. Assume that there is freen entry and exit. What is the level of output of each firm, total market output and the market price in the long-run equilibrium? If we measure welfare as the sum of profits and consumers’ surplus, what is the level of welfare associated with long run equilibrium?
A firm's production function is qi = .2*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. a. Find the firm's short run cost function, if Ki is fixed at $100,000. b. If the good is exported around the world at a pric..
q.a company designs websites for clients. much of the work is done in-house but it finds that it must subcontract i.e.
What are two ways a seller of labour (that is, someone looking for a job) might reassure a possible employer who is faced with imperfect information? What are two ways that a farmer looking to rent ground might reassure a landowner that is faced with..
jim bradley is the director of the bradley bakery. he has collected data on his store for the past year. he developed a
To maximize profit a price discriminating firm should
Analyze the economics of New Orleans in light of the above parameters and develop your own Cost-Benefit Analysis (CBA) for rebuilding
Elucidate the way in which short-run AFC, AVC, ATC also MC vary as the output of the firm increases.
Describe how each of these activities affects government, households,and businesses. Describe the flow of resources from one entity to another for each activity.
Mike spends all his money on Jelly Beans and Gummy Bears and these two products are perfect substitutes for Mike. A few of Mike’s indifference curves are shown in the figure below. The dark line L is Mike’s budget line at current prices.
Panther Hall is a college dorm with 100 residents who each have the identical demand function for a pleasant community room, given by the equation MB = 1000 – 9.95Q. The marginal cost of maintaining the community room is MC = 1500 + 5Q, where Q = squ..
Explain how does the deposit primarily change the T-account of the local bank. How does it change the money supply.
Suppose the production function is Cobb-Douglas, y = x 1/2 1 x 3/2 2. What is the technical rate of substitution? Does this technology demonstrate increasing, decreasing or constant returns to scale?
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