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Suppose the demand equation is 200x + 10p = 10000, where x is the number of items sold when the per unit price is p dollars.
Determine
(a) the revenue function,
(b) the domain of the revenue function,
(c) the revenue derived from the sale of the 20th item-the marginal revenue when x = 20.
(d) the level of production that maximizes the revenue, and the maximum revenue.
Suppose people had a choice among five uniform colors rather than being required to wear blue. Would you expect the benefits of requiring uniforms to decrease by a little or a lot?
Full-employment level of real output is $250 and the initially the price level is 100. Use the short-run aggregate supply schedules above to answer the questions that follow a)What will be the level of real output in the short run if the price leve..
Let X = the monthly tons of dirt moved and assume that it does not change with time. Draw the cash flow diagram for this project as a function of X. Assume that "up" arrows are savings or revenue and down arrows are expenses. If you cannot do part..
Assume that the John Smith, the manager of marketing division of Chevrolet at GM, estimated the given regression equation for Chevrolet automobiles:
What term would economists use to describe what happened in year 3 Expansion OR Recession If the growth rate in year 3 had been a positive 5 percent rather than a negative 2 percent, what would have been the average growth rate
yo1200ycigc130.5y-ti-400-10rg150t501. compute private savings2. compute public savings3. compute the value of the
What are the best and worst possible scenarios you could envision when every individual in the military uses their own critical thinking skills to arrive at a decision?
Does the change in the exchange rate act to increase the reduction in imports or does it partially offset the initial reduction in imports? Explain.
Suppose a monopolist faces the following demand curve: P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. a) What is the monopolist's profit-maximizing level of output? MR = (P-MC)*Q MR = (596 - 6Q -..
Suppose that the market demand curve for a new drug is represented by P = 100 - 2Q, where P is the price in dollars per dose and Q is the annual output. (The marginal revenue curve is MR = 100 - 4Q).
Using the method described in Section 6.2, calculate the change in Albert's consumer surplus.
An airline ticket from Baltimore to Miami costs $525. A bus ticket is $325. Traveling by plane will take 5 hours, compared with 25 hours by bus. Thus, the plane costs $200 more but saves 20 hours of time
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