Compare perfect and imperfect markets, Business Economics

Assignment Help:

Question 1 Explain the law of diminishing returns. What are its causes and effects?

Question 2 Compare perfect and imperfect markets

Question 3 A monopolist with a linear demand curve finds that it can sell two units at £ 120 each or 12 units at £ 20 each. Its fixed cost is £ 20 and its marginal cost is constant at £ 30 per unit

  1. Draw the MC, ATC, MR and demand curves for this monopolist
  2. At what output level would the monopolist produce?
  3. At what output level would a perfectly competitive firm produce?

Question 4 Discuss Subsistence Theory and Wage Fund Theory of Wage Determination

Question 5 According to Bohm-Bawerk what are the reasons for the emergence of rate of interest?

Question 6 Discuss the short run and long run aggregate supply curves


    Related Discussions:- Compare perfect and imperfect markets

    Allocating resources, explain how inflation could reduce the efficiency wit...

    explain how inflation could reduce the efficiency with which prices allocate resources.

    Does aid improve development, Does aid improve development? Aid improv...

    Does aid improve development? Aid improves development as: • Aid is utilized to increase productive capacity and the advantages of resultant growth is extensively spread an

    Global finance crisis, Australia has emerged from the Global Finance Crisis...

    Australia has emerged from the Global Finance Crisis (GFC) as "the strongest economy in the developed world" (Editorial, The Australian, 11 December 2009). The economic editor of T

    Calculate the new money multiplier, The reserve requirement is 20%. Assumin...

    The reserve requirement is 20%. Assuming banks have no desire to hold excess reserves, calculate the money multiplier. Now assume the banks want to hold 20% of their reserves in ad

    Why is the growth rate and significant for development, Why is the growth r...

    Why is the growth rate and significant for development? The rate of economic development is the percentage increase within real GDP over twelve months. • The higher rate of

    Explain about the long-run economic growth, Explain about the long-run econ...

    Explain about the long-run economic growth. Long-Run Economic Growth: Secular or long-run growth is the continued upward trend into aggregate output per person over many

    Is the process inherently difficult when people are included, Persuading so...

    Persuading someone to buy is a complicated process. Why is it? Is the process inherently difficult, or is it since so many people are included? Persuading is an affecting skill

    Market analysis, The Australian government administers two programs that af...

    The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements aimed at making public aware of the dan

    Macro economics, There are three firms in an economy: A, B, and C. Firm A b...

    There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells

    Write Your Message!

    Captcha
    Free Assignment Quote

    Assured A++ Grade

    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!

    All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd