User Account

All Pages

Discover the new equilibrium price and quantity

Assignment Help Microeconomics
Reference no: EM13685651

Given the below supply and demand equations for computers,

P = 250 - 2Q (Demand)

P = 50 + 3Q (Supply)

The company decides to increase its marketing expenses to boost its sales and the new supply equation is P = 90 + 3Q and the new demand curve is P = 280 – 2Q. Discover the new equilibrium price and quantity.

By comparing the total revenue, evaluate whether the company must increase its marketing expenses to boost sales.

Reference no: EM13685651

Questions Cloud

Find what was the initial flux through small coil : A solenoid of length 50 centimeter is made of 11000 circular coils. It carries a steady current of 11 Amp. Find what was the initial flux through small coil
Monopoly is considering selling several units of homogeneous : A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.5P, and the marginal cost of production is $100. Decide the optimal number of units to put in a p..
Determine how far above the water line : The solid wood cylinder madder of oak with a uniform density of 750 kg/m3 is dropped in the ocean, which has a density 1027 kg/m3. Determine how far above the water line
Determine how long would the string need : A long string is moved up and down with simple harmonic motion with a frequency of 42 Hertz. Determine how long would the string need to be to find the second harmonic standing wave
Discover the new equilibrium price and quantity : Given the below supply and demand equations for computers, The company decides to increase its marketing expenses to boost its sales and the new supply equation is P = 90 + 3Q and the new demand curve is P = 280 – 2Q. Discover the new equilibrium pri..
Determine what is the radius of the oil drop : A spherical oil droplet with nine excess electrons is held stationary in an electric field between two large horizontal plates that are 2.25 centimeter apart. Determine what is the radius of the oil drop
Obtain what the velocity of plank relative to ice surface : A 47.1 kilogram girl is standing on a 162 kilogram plank. The plank, originally at rest, is free to slide on a frozen lake, which is a flat, frictionless surface. Determine the velocity of the plank relative to ice surface
An ineffective course of action : Describe a situation in which you experienced escalation of commitment to an ineffective course of action. What did you do about it? Do you wish you had handled it differently? Why or why not?
Consider the issue of minimum wage law : Consider the issue of minimum wage law: under which type of moral theory would such a law be justified most strongly? In what ways are utilitarian and capitalist notions of justice consistent? When do they differ? Using an example discuss the relativ..

Reviews

Write a Review

Microeconomics Questions & Answers

  What impact does the privatization of prisons have

What impact does the privatization of prisons have on providing rehabilitative services that would help prisoners rejoin society productively and curb recidivism? Explain.

  Construct the diffusion index from month

Construct the diffusion index from month 2 to 3. This problem, we have three leading indicators and the diffusion index from month 1 to 2 is 66.7 (=2/3) because two indicators move up and one moves down

  What is the main research question(s) asked by the paper

What is the main research question(s) asked by the paper?  Why should we care about this question? How does it t into the literature in economics of  history?

  What are the efficient price and quantity on graph

What are the efficient price and quantity on graph? What are the free-market price and quantity and efficient and free-market outcomes

  General price index in 1999 was 100 and in 2001 it was 150

suppose nominal gdp in 1999 was 100 billion and in 2001 it was 270 billion. the general price index in 1999 was 100 and

  What is meant by the marginal rate of substitution between

What is meant by the marginal rate of substitution between present and future consumption?

  What will happen to that break-even quantity

What is the quantity of magazines that needs to be sold per month in order for the operation to break-even and what will happen to that break-even quantity

  Explain three advantages of international trade

Explain the advantages and disadvantages of international trade. Some possible areas to use are comparative advantage, gains from trade, and trade restrictions.

  Te demand for tickets at each game is q 100000 - 6000p

the demand for tickets at each game is q 100000 - 6000p. if the capacity of the stadium at that university is 40000

  Write economic analysis section of business proposal this

select a new realistic good or service for an existing industry.write the economic analysis section of a business

  Income effect of increase in the interest rate will result

Suppose that consumption when young and consumption when old are both normal goods. The income effect of an increase in the interest rate will result in:

  1 b in at least 3 detailed paragraphs answer the following

1. b. in at least 3 detailed paragraphs answer the following three questions use examples to illustrate your response

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