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!
In competitive markets, there are many small firms with each firm unable to influence the market price. Suppose company XYZ operates in the wheat market. The company produces and markets wheats at a Price = $40 per container. The firm's total costs are given as:
TC = 100 +4Q + 3Q2
a) Find the Firm's marginal cost? Show your steps, including graphs. Review additional resources? Hint: See the rules for differentiation
b) What is the firm's demand curve? Show it on a graph and label the axes showing P and Q
c) What level of output should the firm produce? Hint: Set P = MC and solve for Q. Use a graph to show your answers as well
d) What is the firm Fixed Cost? Why? Also, use a graph to support your answer.
What price should the firm charge? Why?
Show where or not above production function exhibits diminishing marginal productivity of labour. Determine nature of Return to Scale as exhibited by above production function.
What are the three levels of regulation of gene expression? How do they differ from each other? What are the major mechanisms used at each level?
A small isolated town has one doctor. For a 30-minute consultation, the doctor charges a rich person twice as much as a poor person. Does the doctor practice price discrimination? Can the town doctor continue to practice this way if another doctor op..
Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to
The kingdom of Arendelle has equal numbers of two types of workers, domestic servants and ice sellers, which both earn $1,000 per week. All workers face a risk of being laid off next year due to bad market conditions, in which case they will have an ..
If the maintenance margin is 25 percent, how low can the price fall before the stock is a margin call?
In 2013, the furniture store PB produced 10 mahogany desks. One of them is sold to Jeanine for $3,259, later that same year Jeanine sold the desk to Pamela for $1,802. The remaining desks were not sold to anyone that year and stay in PB's inventory a..
Select a country other than the USA that is a member of the International Monetary Fund. Does this country participate in a regional monetary system to manage exchange rates? How have inflation and interest rates affected the nation’s exchange rate w..
In an economy with a horizontal aggregate supply curve, a decrease in taxes will affect price level and employment in which of the following ways?
Suppose a monopolistic competitor and long-run equilibrium has a constant marginal cost of six dollars and faces the demand curve given in the following table: What output will the firm choose? What will the monopolistic competitor's average fixed co..
(a) Use the benefit-cost ratio. (b) Use the modified benefit-cost ratio. (c) Use the public/government version of the B/C ratio.
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm. Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a los..
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