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ASSIGNMENT ONE
What are the characteristics of monopolies and why is the output inefficient? Under which circumstances are they likely to occur?
Suppose that the government is the only provider of water. The market demand function reads Q(P) = 50 - 2P. The government's total cost for producing water are described as follows: TC(Q) = 100 + 10Q.
What price will the government charge if it wants to ensure an efficient allocation of water?
What price will the government charge if it wants to maximize profits?
Calculate the economic profit in both scenarios.
Assignment must be Type written, font-times new roman, font size-12, Line spacing 1.5, justified. Use Harvard referencing style. Note especially for distance students: No assignment shall be submitted during residential school. Stick to the deadline given. Any assignment brought in during residential school shall attract a zero mark as maximum score. Your cover page for assignment must include the following; Name: (names must be written according to how it is captured on unilus portal system), Computer number: (must be written in full i.e. (AFIN132045….), Mode of study: (is it distance, part time or full time), Program of study: (bachelor of science in economics, Human Resource Management) and Note: Full time and part time students are to submit assignment in class on the due date. Do not bring at any other time.
Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.
The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.
Explain whether the firm will make economic profit, In the short run and In the long run.
Determine the official measure of the deficit
The organization and coordination of the activities of a business in order to achieve defined objectives.
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.
MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.
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