Engineers income generation

Assignment Help Business Economics

Reference no: EM137099

Q1. Firms with costs C = q^2 + 36 face demand P = 24 - nq and behave under the rules of Monopolistic Competition. Compute and illustrate the prices and quantities that occur in the short run, with one monopolist, and in the long run, where entry has occurred. Illustrate, calculate and explain how the efficiency loss is affected by this entry.

Q2. Suppose that CA-Gyros Technology hired an engineer from Hong Kong in the year 2007, and paid her $100,000 salary in 2007. Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.

Reference no: EM137099

Questions Cloud

Raise government spending : How much should it raise government spending, if the government looks to raise income to 3000.

European engine company : The European Engine Company (EEC) is a multi-national manufacturer of small gasoline and diesel motors.

Independently negotiating pollution deductions : B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.

Immigrants return to potential gdp : Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.

Engineers income generation : Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.

Stock market interest and investment. : Using your understanding of the financial system, the demand for money, banking and the money provide, interest and spending, the stock market, interest and investment.

Paper sold in competitive market : Elucidate is the efficient yearly output of paper and how can this be achieved.

Short-run equilibrium price : What is the short-run equilibrium price. What is the short-run equilibrium market quantity.

Government expenditure multiplier : Suppose that investment decline by 40 units to a level of 60. What will be the new level of equilibrium income.

User Account

All Pages