Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are the manager of BTN LTD. In order to have a clear picture on how the firm operates and what is the total demand by the consumer, you have performed a study by collecting some data from the market and estimated the following demand and cost functions:
Demand function : P = 225 - 2Q
Cost function : C(Q) = 1100 + 3Q2
i. Determine the price-quantity combination that maximises your firm's profits.
ii. Calculate the maximum profits for the firm.
iii. Calculate the price-quantity combination that maximises your firm's revenue.
iv. Calculate the maximum revenues for the firm.
v. Determine the quantity which minimise the average cost (AC) and compute the value of minimum AC.
vi. Does the firm achieve productive efficiency? Why?
Common website navigation types include all of the following except
Suppose Jilbo can make 18 flower pots or 2 coffee mugs per day. Her cousin Jimbo can make 10 flower pots or 6 coffee mugs per day. What is the opportunity cost for Jimbo of producing 1 flower pot? or 10 flower pots? Who has the comparative advantage ..
An asset has an initial cost of $25,000, a useful life of 6 years and a salvage values of $1,000. Calculate the annual depreciation and book value for each year using the following deprecation methods:
In a market with duopoly, if market demand is P=90-Q find the cournot reaction curves and the qournot quantity solutions in the case where marginal cost (MC=0) and the case where MC=30, what are the monopoly quantities in both cases? and which quanti..
Suppose that when the price of X goes up, you respond by consuming less Y . Illustrate the substitution and income effects of an increase in the price of X. How does your graph illustrate the information in italics above? Is Y a normal good or an inf..
Suppose that a market is decribed by the following supply and demand equation:
Donna buys goods X and Y. She can just afford the bundle X = 6 and Y = 11. She can also afford X = 12 and Y= 8. Each of these bundles exhausts her income. Draw Donna’s budget line. What is the ratio of the price of x to the price of y?
Labor force = number of employed. Labor force = population - number of unemployed. Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed) X 100.
Suppose the equilibrium price and quantity is established and that that tax is imposed which shifts the supply curve but also changes its slope. Explain how this effects consumers and producers. does slope become flatter or steeper?
Do you think we should have perfect income distribution in this country and why do you feel the way you do? Currently, income gets re-distributed through income taxes, sales taxes, estate taxes, and things like that. If you don't think we should have..
Using three tools, (a) open market operations, (b) discount rate, and (c) reserve requirements, the Federal Reserve influences output and employment. Globalization influences the conduct of monetary policy through its powerful effects on the economic..
Excess capacity is a problem in monopolistic competition because if there were fewer firms in the industry: The model of monopolistic competition characterizes a city's market for plumbing services. Suppose that the market is initially in long-run eq..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd