User Account

All Pages

Department a private good or a public good

Assignment Help Business Management
Reference no: EM131194874

Assume that the price of smartphones increased from $600 to $666 per unit. The manufacturer decides to supply 14,000 units instead of 10,000. Calculate the price elasticity of supply. Is supply elastic or inelastic?To answer this question we need to use the midpoint formula. Assume we have the two ordered pairs (Q1,P1) and (Q2,P2).

Do you consider your local fire department a private good or a public good? What is the difference between a public good and a private good? What are the principal characteristics of each? Why is there a free rider problem when it comes to public goods? Please explain your answer.

Use the following to answer the questions below:

  • z is the marginal utility per dollar measured in utile, x is the amount spent on product A, and y is the amount spent on product B.
  • Assume MUA = z = 40 - x and MUB = z = 84 - 4y.
  • Assume that the consumer has $40 to spend on A and B; that is, x + y = 40.

What is the marginal utility per dollar? What is best way to allocate the expenditure of the $40?

Reference no: EM131194874

Questions Cloud

What you would like to learn about developmental change : Based on the information in your text, what ethical issues should you consider when conducting a research study with children? Identify at least two ethical issues described in your text.
Find kva rating of the motor : Find KVA rating of the motor.- Find the power factor at which the motor operates.- Find the leading KVAR supplied by the motor.
Analyze how and why based on a specific set of criteria : The purpose of this evaluation is to determine the quality (good or bad) of a movie and analyze how and why based on a specific set of criteria.
What are the frictional losses over a 100-foot run of pipe : The flow may be laminar or turbulent. (This problem was proposed originally as Example 1.8; on completion of this chapter, we now can solve it.)
Department a private good or a public good : Do you consider your local fire department a private good or a public good? What is the difference between a public good and a private good? What are the principal characteristics of each? Why is there a free rider problem when it comes to public ..
Explain the process of deindividuation : Explain the process of deindividuation (e.g., how it works, what changes happen within the individual to allow for unusual behavior). Discuss how deindividuation might also occur outside the presence of a crowd, such as in other settings in which..
Find the maximum acceleration in the direction of motion : Find the location and magnitude of the maximum pressure in the fluid for the maximum acceleration calculated in part b.
Explain the link between education and economic development : Question 1: Explain the link between education and economic development found by Easterlin. Does higher education for the elite or basic education for the masses have a larger impact on development?
Advise whether executive car fleets ltd will succeed : This assignment requires you to answer two problem-type questions using the ILAC format, a worked example of which is in the Resources folder - Advise whether Executive Car Fleets Ltd will succeed in a legal action to enforce the contract, citing st..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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