User Account

All Pages

How many additional pylons must you construct

Assignment Help Business Economics
Reference no: EM132001098

Suppose that you are constructing pylons. Pylons become increasingly costly to make as more pylons are constructed. That is: dC/dq = q2 where q is the number of pylons. Pylons benefit society according to the benefit function: B = 1.7q3-7.3q+c. As a welfare maximiser, you will build the number of pylons which benefit society. Suppose you have built 1 pylon. How many additional pylons must you construct?

Reference no: EM132001098

Questions Cloud

Summarize your chosen companys supplier responsibility : BUS475:As you have explored in this course, ongoing challenges in the global business environment are mostly attributed to unethical business practices.
Billion as measured in canadian dollars : In 1990, the GDP of Canada was $550 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 88 U.S. cents.
Fixed income securities referred to as fixed income : Why are fixed income securities referred to as “fixed income?” What is the difference between a zero coupon and a coupon bond?
What is the amount and character of the gain or loss : Peg sold a machine this year for $48,000. Peg purchased the same machine for $53,000 a couple years ago, What is the amount and character of the gain or loss
How many additional pylons must you construct : As a welfare maximiser, you will build the number of pylons which benefit society. Suppose you have built 1 pylon. How many additional pylons must you construct
What is designated market value : If Product Z cost $83 and Selling price of Z is $98. Normal profit margin is 20% of sales price. What is designated market value
Maximize profits in the long run : For an automotive company, what would be some competitive strategies that could help them maximize their profits in the long run?
What could go wrong with the capital budgeting process : Discuss how the information should be organized in a capital budgeting process, and who will use the information for decision-making.
What is the expected change in net income : Gonzales Company currently uses maximum trade credit by not taking discounts on its purchases. what is the expected change in net income?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd