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!
The residents of the town Marina Del Rey all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $ 2,400,000 and no variable costs. There are 100,000 town residents, and each has the same demand for museum visits: QD = 10 – P, where P is the price of admission. a. Graph the museum’s average total cost curve and its marginal cost curve. What kind of market would describe the museum? b. The mayor proposes financing the museum with a lump-sum tax of $ 24 and then opening the museum free to the public. How many times would each person visit? c. The mayor’s anti- tax opponent says the museum should finance itself by charging an admission fee. What is the lowest price the museum can charge without incurring losses? d. What real- world considerations absent in the above problem might argue in favor of an admission fee?
The current price of gold is $1,800 an ounce, and the current futures price is 1,850 an ounce. Suppose you expect the price of gold to rise and you enter a long position into a future contract to buy gold. What is the amount that you must deposit (ei..
Explain the concepts of intrinsic value and economic value added for Federal Express and United Postal Service. Discuss financial (e.g., ratios and balance sheets analysis) and non- financial variables at play in valuing the two companies. Explain ho..
A firm's production function is qi = 2Li + 10Ki. Assume both variables can be adjusted, even in the short run (for instance, making an item by hand versus using a machine to do so). a. What is the firm's cost function, if w=$15, and r = $100?
Will this cost increase make the tobacco companies better or worse off, and will it lead to higher or lower prices for cigarettes?
Provide a short example of how the law of diminishing marginal utility applies to a real-life situation. In your answer, explain why utility from consumption of these specific good or service increases quickly initially, peaks, and may eventually lea..
A perfectly competitive market is described by the demand Q = 70 - 2p and the supply curve Q =5p - 20. A firm in the market has a total cost equation of C = 16+ Q^2 + 2Q. Calculate the equilibrium price in the market.
Fiscal stimulus to aid recovery from a recession will be most effective in the long run if______________
Although most people agree that the government’s role in the free market economy should be limited, the degree of appropriate government involvement is contested
The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary: please tell me how the job-loss and job-finding processes will differ from the situation when the..
q.calculate maxs marginal utility from windsurfing at each number of hours per day. does maxs marginal utility from
Explain how businesses create value by integrating the production and distribution of goods, services, and information.
Discuss whether or not oligopolies are always bad for society, using examples from the industries you described.
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