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Use supply or demand graphs to examine shifts in supply and demand and resulting changes in market equilibrium in the condition below.
Suppose
QD= 60 - 50PC
QS= -66 + 90PC
[A] Graph the supply and demand curves.
Gentleman Gym just paid its annual dividend of $3 per share, and it is hugely expected that the dividend will raise by five percent per year indefinitely.
Assume government forced a minimum wage above what otherwise would be equilibrium wage rate for this segment of the labor market.
Output maximisation and cost minimisation
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
Compute the unit price if the ventor sold 200 CDs. Compute the demand curve for CD. Calculate the fixed and variable costs. Calculate the break even quantities (number of CDS).
In economics, when you plot cost and revenue on Price-Quantity axis, the profit maximization condition is when marginal cost is equal to marginal revenue. This is the crucial notion to understand.
Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand and (2) an increase in supply.
Angelica pickles manager a Quick copy franchise White Plains, New York. Pickles projects reducing copy 5¢ to 4¢ each, Quick Copy's $600-per-week profit contribution will increase by one-third.
Use demand and supply analysis to illustrate the changes in chicken prices described in the article. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.
n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production.
What is wrong with this statement: Whenever the industry fails to achieve allocative efficiency by producing too little output, the shortage arises.
Compute the Average cost, Marginal cost, Average Variable Cost and the output level at which Average Variable Cost is at a minimum.
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