Derive the algebraic equation for the isorevenue line

Assignment Help Business Economics
Reference no: EM132460768

The derivation of the isorevenue is similar to the derivation of the isocost line. Derive the algebraic equation for the isorevenue line. Explain the significance of the intercept and the slope of the isorevenue line

Reference no: EM132460768

Questions Cloud

Explain why economists emphasize relative prices : Explain why economists emphasize relative prices rather than absolute prices
Production possibility frontier to be concave to the origin : Explain what assumption is being made about MPP that causes the production possibility frontier to be concave to the origin.
Discuss events afte of social and economic conditions : Discuss events after 1865 in terms of social and economic conditions that caused corresponding changes in the attitudes of the people and policies of the govern
What would the ppf look like if there is mpp is constant : What would the PPF look like if there is MPP is constant? What is the implication for the decision of what to produce when the MPP is constant?
Derive the algebraic equation for the isorevenue line : Derive the algebraic equation for the isorevenue line. Explain the significance of the intercept and the slope of the isorevenue line
Decision rule for choosing the optimal combination of output : Explain why this must be true. Explain the decision rule for choosing the optimal combination of output that maximizes profit.
Write about the army leadership argumentative paper : Why you think that particular aspect of leadership is the most important, with respect to the duty positions and responsibilities of a Captain in the U.S. Army
What is the optimal level of production of wine decanters : What is the optimal level of production of wine decanters? What the marginal revenue of the last decanter sold.
TECH 104 Programming Fundamentals - C Programming Assignment : TECH 104 Programming Fundamentals - C Programming Assignment Help and Solution, Humber College, Canada. Write program that finds smallest series of words

Reviews

Write a Review

Business Economics Questions & Answers

  The optimal consumption point

We know that the optimal consumption point is where the Indifference Curve is tangent to the budget constraint (i.e., MRS=Relative Price). Why are points along an indifference curve that intersect the budget constraint less than optimal?

  Explain why lean manufacturing requires a stable demand

Explain why lean manufacturing requires a stable demand environment. Describe how success to successful system archetype works. What should be done about it.

  Benefits of outsourcing to low labor cost countries

Was Balagny Clothing Company better off keeping its operations within the US? Why more manufacturing companies are beginning to relocate to the US after enjoying the benefits of outsourcing to low labor cost countries? What are the determinants of pr..

  What is the point elasticity of demand

A firm faces the demand curve: P = 60 - 0.5Q. What is the point elasticity of demand when Q = 20?

  Foreign aid do to the probability of conflict

According to Richard A. Nielsen, Michael G. Findley, Zachary S. Davis, Tara Candland and Daniel L. Nielson, what would sharp increases

  Explain the three types of misrepresentation

Hugo, a manufacturer, wanted to retire. His business had some good contracts. For this reason, Ian wanted to buy the business. Hugo showed Ian his accounts for the last three years, his orders for future work not yet carried out and the debts owed to..

  Perfectly competitive industry earns an economic profit

n long-run equilibrium, every firm in a perfectly competitive industry earns an economic profit. Pure competition exists in a market when firms are price makers as opposed to price takers. A natural monopoly results when the profit-maximizing output ..

  Level of employment under monopsonistic conditions

Illustrate what will be level of employment under monopsonistic conditions.

  Explain why we obseve flat upward sloping and inverted yield

State whether the following statements are True, False or Uncertain. Provide a short justification for your answer. (i) Bond A is a 5­year bond with a 9% coupon rate and a YTM of 9%. Bond B is a 15­year bond with a 8% coupon rate and a YTM of 10%. Bo..

  Discussion on multinational exploitation

Do multinational Company exploit host countries that covet technologies and entrepreneurial skills that the multinationals provide?

  Express the firms marginal revenue as function of its price

The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to –3. The firm’s marginal cost is constant at $20 per unit. a. Express the firm’s marginal revenue as a function of its price. Instruction:..

  Which factors are the binding constraint on growth

Select a developing country that interests you and search for evidence suggesting which factors are the binding constraint on growth. (For inspiration, see the sources in Box 4.3). In your paper, identify the country you are using and list several fa..

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