Has there been an increase or a decrease in demand

Assignment Help Econometrics

Reference no: EM13189876

a firm faces a demand cure, p=80-3q, and has a cost equation c=200+20q
Find the optimal quantity and price for the firm,
now suppose that demand changes to p=1103Q. find the new optimal and quantity. has there been an increase or a decrease in demand? Explain.

Reference no: EM13189876

Questions Cloud

Describe the transformation of the chesapeake economy : Describe the transformation of the Chesapeake economy: how did the plantation revolution affect different segments of society? (i.e. wealthy landowners, poorer servants, enslaved Africans, Native Americans)

Problems of understanding natural languages : Briefly discussed the problems of understanding natural languages as opposed to formal programming languages and describe how the problem of traveling from one city to another could be framed as a production system. What are the states? What are the..

What is the new equilibrium price level : Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown at the top left of the next page. a. Use the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium pri..

What segmentation criteria would you use segment this market : Anytime Fitness is a company that has 24/7 fitness centers. Members are given keys to the centers and can work out any time, any day. The company provides modern equipment, but not classes and personal training sessions like other gyms

Has there been an increase or a decrease in demand : a firm faces a demand cure, p=80-3q, and has a cost equation c=200+20q Find the optimal quantity and price for the firm, now suppose that demand changes to p=1103Q. find the new optimal and quantity. has there been an increase or a decrease in dema..

What will be the new levels of real gdp in the right column : Assuming no change in hours of work, if real output per hour of work increases by 10 percent, what will be the new levels of real GDP in the right column of A Does the new data reflect an increase in aggregate supply or does it indicate a decrease..

Characteristic of a realigning election : All of the following are characteristic of a realigning election except

Consequence to earths ecosystems : What would be the consequence to Earth's ecosystems if the ozone layer were to completely dissipate? Are certain organisms, landscapes, environments more at risk if this were to happen?

What is the income share paid to labor : Some people advocate government funding of college scholarships as a way of creating a more egalitarian society. Others argue that scolarships help only those who are able to go to college. Do your answers to the preceding questions shed light on ..

User Account

All Pages