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!
Apple's iPod has been the portable MP3-player of choice among many gadget enthusiasts. Suppose that Apple is a dominant firm in the ipod market and has a constant marginal cost of 4 (assume no fixed cost) and that market demand is given by Q = 200 - 2P. Suppose there is a competitive fringe of 12 price-taking firms, each of which has a total cost function TC(q) =3q2 + 20q.
a) Find the supply function of the fringe (Hint: A competitive firm supplies along its marginal cost curve above its shutdown point), and the equation of Apple's residual demand curve.
b) What is Apple's optimal output? How many units will fringe providers sell? What is the market price? What is Apple's market share?
Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?
Compare and Contrast the features of the retirement plans offered by Creative Games and United Manufacturing. Which plan do you think is more desirable? Why?
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:
If one producer is able to produce a good at a lower opportunity cost than some other producer, then the producer with the lower opportunity cost is said to have an absolute advantage in the production of that good.
You are interviewing three candidates for one sales job position. On the basis of your experience and insight, you believe Jane can sell 600 units a day, Joe can sell 450 units a day, and Joan can sell 400 units a day. The daily salary each person is..
Explain how an economist builds the foundation for their thinking about urban economics and, please give a couple of examples. Explain and disscuss the econimic principles behind the development of a city.
Two firms, A and B, compete à la Bertrand when selling a homogeneous good whose demand equals P = 400 − Q. Each firm’s constant marginal and average cost of producing the good equals 60. What is the equilibrium without a patent system? Is the patent ..
1) Alapplications fall into two broad categories virtual reality and medical diagnosis 2) Neural networks are patterned after computer networks, with one computer connected to another
All U.S. states subsidize education for college students, mostly by charging below-cost tuition. Nearly -free tuition is available in many European countries and has been proposed in California (see p. 80).
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill+ (Qmill)2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost of ..
Elucidate how does a industry conclude its prices also the quantity of labor required in the resource marketplace during a specific period
In 1907, the first U.S. Open Golf Championship was held. The winner’s prize money was $270. In 2012, the winner’s check was $1,470,000. Requirement 1: What was the annual percentage increase in the winner’s check over this period?
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