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!
Forked Sticks, Inc., enjoys an exclusive patent on a process to accurately detect water without expensive drilling or core samples. Total and marginal revenue relations for the water detection process are:
TR = $280Q - $0.005Q2
MR = 280 - $0.01Q
Marginal costs for the process are stable at $100 (MC=AC).
A. As a monopoly, calculate Forked Stick's output, price and profits at the profit maximizing activity level.
B. What price and profit levels would prevail following expiration of copyright protection based on the assumption that perfectly competitive pricing would result? (Remember TR=PQ, therefore P=280-$0.005Q
Finally, write 3-4 concluding sentences about your thoughts in regards to the tax plan vs. the current progressive taxation system.
Domino Sugar Company is considering buying Fisher Honey Company for $100 million. Based on information obtained from 500 supermarkets around the country, when the price of 1 lb. of Domino Sugar went on sale from $2.00 to $1.50, the average number of ..
Otto’s brother, Dent Carr, is in the auto repair business. Dent recently had little else to do and decided to calculate his cost conditions. He found that the total cost of repairing s cars is T C (s) = 2s2 + 10. Average Variable Costs: Average Fixed..
Rank these three wage rates in the order of least sticky to most sticky: minimum wage workers, nurses, movie stars.
Suppose that the long-run aggregate supply curve (potential output, Y is vertical at Y = $3,000 while the short-run aggregate supply curve is horizontal at P = 1.0 (and once again, P = 1.0 is the SRAS Curve, in other words). If the macro economy is i..
How has the evolution of cell phones changed the levels of communication dramatically?
If Inputs A and B are respectively 20% and 40% of the cost of producing this product, what is the effective rate of protection on the product?
Will the following be demanders or suppliers of US dollars in the foreign exchange markets
What is the standards for critical thinking use to assess and improve your ability to reason.
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
Derive the correlations between P* and Y, and Q* and Y. Discuss their signs. (Quantitative methods in Economics)
Draw an individual demand curve and market demand curve. What is the quantity demanded by each consumer and in the market as a whole
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