Concept of the costs and supply

Reference no: EM1369018

9) Your telephone plan charges you $25 per month plus 10 cents per minute for long distance calls. Write an equation that describes your monthly telephone account. What will you pay if you make 32 minutes worth of calls in a months? How much will you owe for a month if you make 45 minutes of long distance calls? Show the information on a graph.
10) What is a price floor? Show graphically, the effect of a price floor on a market.
11) What happens when government imposes a national minimum wage?
12) What will happen to the equilibrium price and quantity of apples if apples are discovered to prevent colds and fungus kills 10% of existing apple trees? Illustrate your answer.
13) GPA sells students parking permits, allowing them to park on campus, in student car park areas. Students complain about the relatively high cost of these permits, yet what really annoys them is that having paid for their parking permits, empty parking spaces are very hard to find during peak lecture times. Many students end up parking pff campus, and where they have to pay again, or walk a long distance. Assuming the university is unable to build new parking facilities on campus due to insufficient space, what recommendation might you make to remedy the problem of students with permits being unable to find places to work on campus?

How would you put in summary about a couple of paragraph the concept of the costs and supply and perfect competition and pure monopoly.

Reference no: EM1369018

Questions Cloud

What would average fixed cost be if ten units were produced : For Firm A, when four units of output are produced, total cost is $175 and average variable cost is $33.75. What would average fixed cost be if ten units were produced.

Compute the maximum angular speed : A 0.33kg block is located 0.2 m from the center of a turntable. The coefficient of static friction between block and surface of the turntable is 0.44.

Explain what is the probability that an individual a female : Explain What is the probability that an individual will be a female in the human resources department and What is the probability that an individual will be a salaried employee whose intrinsic satisfaction value is 5 or more?

Do you agree or disagree. explain your answer. : Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or share holders) worse off. Do you agree or disagree. Explain your answer.

Concept of the costs and supply : Suppose your telephone plan charges you $25 per month plus ten cents per minute for long distance calls. Write an equation that describes your monthly telephone account.

By how much has national income y change : disposable personal income decreases by $50 billion and trade deficit is reduced by $15 billion. By how much has national income (Y) change.

What is the electric potential energy of the system : Three equal point charges, each with charge 1.50, are placed at the vertices of an equilateral triangle whose sides are of length 0.550. What is the electric potential energy of the system? (Take as zero the potential energy of the three charges w..

What is difference between contraction-expansionary policy : What is difference between contraction and expansionary monetary policy. What are pros and cons of using expansionary and contraction monetary policy tools under following scenarios.

Prove that machine precision as bound for relative round off : Prove that machine precision (epsilon) calculated by mathlab's eps function can be utilized as a bound for relative round off.

User Account

All Pages