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A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000, making the marginal revenue MR=1.70-Q/5,000. The marginal cost is constant at equal to 0.30. The fixed cost is 4,000. Variable cost is 0.30Q. Find the monopolist's profit-maximizing quantity. Find the monopolist's profit-maximizing price. Find the monopolist's total revenue if it uses the profit-maximizing price and quantity. Find the monopolist's total cost if it produces the profit-maximizing quantity. Find the monopolist's maximum profit.
Describe metrics that you would use to assess the success of any logistics plan involving you as a manufacturer and an internationally based mass merchandiser. Provide support for your selections.
Explain how was the second law and end-use analysis linked to socially constructed scarcity.
Good-faith bargaining generally refers to the duty of the parties to meet and negotiate at reasonable times with willingness to reach agreement on matters within the scope of representation; however, neither party is required to make a concession or ..
Sometimes managers do not have strong incentives to maximize the firm value. At the same time development of the control systems can be both difficult and expensive.
What output level will the competitive firm choose in order to maximize its profit? What is the price at this output level?
Consider a game of delegation. An uninformed principal must delegate some task to an informed agent with preferences imperfectly aligned. I'm aware of plenty of literature that studies these kinds of problems when there is a continuous action space, ..
A proposal has been advanced to limit advertising of pharmaceutical prices to prevent unfair pricing by national chains. You estimate that limits on price advertising will change the price elasticity of demand from -5.63 to -4.43. From the pharmacis..
In the U.S, the capital share of GDP is about 50 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. What must the saving rate be in the init..
From chapter 8 (chapter 21 in the combined volume), we know that the primary cause of inflation is expansion of the money supply. In this chapter, we learn an additional side effect of monetary expansion. What is this effect? A. Current account defic..
A company decides to offer an average annual raise of 8%, although the current inflation rate is 10%. Each engineering manager decides on the best way to distribute the salary increase to his/her staff. However, if everyone gets an increase of 8%, th..
Elucidate how did it manifest itself. If the person received counter conditioning to correct the condition, Illustrate what were the results
The supply and demand curves are: Qs = -800 + 15p and Qd = 3200 - 25p. Solve for the market equilibrium. Now suppose a tax of $20 per unit is imposed on consumers. What are the new equilibrium quantity, buyer's price and seller's price? What is tax r..
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