Assume your elasticity of demand for your parking spaces

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Q1. If cost is C=50+5Q Illustrate what is the optimal number of firms in the marketplace?

Q2. 12-4 Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing?

Q3. Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of breads at .50 every loaf and 2 bottles of wine for 9 every bottle. In Year X bread cost is .75 every loaf and wine cost is 10.00 every bottle. The CPI for Year X (using at 1982 base year is.

Reference no: EM1317687

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