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A. derive the supply schedule from the following supply function: QS=10P
B. Derive the supply schedule from the following supply function; QS' = 20 + 10P
C. On the same graph, plot the supply schedule of part A and label it S and the supply curve of part B and label it S'
Find out the equilibrium market price. Find out the profits of the leader and the follower
Choosing to treat price as its main decision variable, it writes profit as: ?= R- C = [P(8.5-.05P)] - [100+(38)(8.5 - .05P)] = -423 +10.4P - .05P^2. Derive an expression for M?=d?/dP. Then set M? = 0 to find the firm's optimal price
Consolidated Drugs, Inc. has spent $4 million developing and testing a new anti-aging drug. Management now estimates that it will cost $2 million to produce and market this new product.
Suppose Sally only purchases food and clothing, and her utility can be expressed as U = F _ C. Currently-What is her optimal bundle?
Which of the following is now true of his opportunity costs and there is no change in the opportunity costs. B. The opportunity cost of leisure has increased.
The percentage change in the number of trips in central London gives you one of the numbers you need to calculate an estimate of the elasticity of demand. The other number you need is the percentage change in the price a driver pays for driving in..
Suppose instead that the government wishes to impose a value tax of $0.25 on each dollar of the consumer's expenditure on good 1.Show the effect of imposing this tax in a graph containing before and after budget lines.
Discuss and estimate the price elasticity of demand for a good or service of your company, or a company of interest to you
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Assume that a given set of resources can be used to make either handbags or wallets. The MC of a handbag is $19 and MC of a wallet is $10.
Illustrate what interest it should be used in project analysis calculations.
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table:
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