In this example the price is not flat

Assignment Help Macroeconomics
Reference no: EM131951995

Q = 50,000 - 25*P

In this example the price is not flat with changing the volume, so it shouldn't be a competitive industry. Correct?

Reference no: EM131951995

Questions Cloud

Calculate the own price elasticity of demand : Calculate the own price elasticity of demand at this values of prices, income, and advertising.
Calculate dane accounting profits : a. Calculate Dane's accounting profits b. Calculate Dane's economic profits
How the report should be presented and to whom : The final assignment is a paper that describes each of the steps necessary to conduct marketing research based on a specific marketing research problem.
What impact does contracting with a private firm have : What impact does contracting with a private firm have on governmental liability for the violation of inmates' constitutional rights? Explain.
In this example the price is not flat : In this example the price is not flat with changing the volume, so it shouldn't be a competitive industry. Correct?
Develop a simple database system : For this assignment you will develop a simple database system. The database is to handle multiple records, each composed of several fields.
What ahas or insights did you gain through your analysis : MKTG 370 Specifically, this assignment asks you to minutely analyze the Kellogg's Corn Flakes packages from two different countries.
Identify hirschis four elements of social bonding : Identify Hirschi's four elements of social bonding. How does his social bonding theory differ from his social control theory?
Price and equilibrium quantity of caviar : Explain the effects on the market for caviar. What do you expect will happen to the price and equilibrium quantity of caviar?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Should the fda regulate prescription drug importation

Should the FDA regulate prescription drug importation? Why or Why not? Take a side and remember to be specific in supporting your position.

  What is the effect of new technology on firms

Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example. What is the effect of new technology on firms in the industry in the ..

  What is this firms debt-equity ratio

Zombie Corp. has a profit margin of 5.3 percent, total asset turnover of 2.4, and ROE of 19.84 percent. What is this firm’s debt-equity ratio?

  Determining the backward induction

Assume that if a player is indifferent between accepting or rejecting a division, then the player always accepts the division. Using backward induction, the prediction is that

  What are the alternatives to government intervention

ECON202- What action has our government taken in order to provide this good or service in an equitable fashion? What are the alternatives to government intervention? What has been the end result of government intervention?

  How does this answer in part a change if income doubles

a)Solve the optimal choice problem for agent i if p1 = p2 = 1; and I=15 b)How does this answer in part a change if income doubles?

  Short-run aggregate supply curve

Describe why Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP near full employment  and becomes especially steeply sloped beyond full employment RGDP

  Our company has purchased a large ne truck for over thr

our company has purchased a large ne truck for over thr road useasset class 0.26.it has s cost basis of 180000.with

  Why would the government implement a stimulus program

Why would the government implement a stimulus program into the economy

  Explain how did the monopoly arise

research information on companies that have engaged in monopoly behavior, such as Microsoft, Google, or Wal-Mart, and explain how society has been affected by the monopoly behavior using that information.

  What approach to economics does georges statement reflect

Economist George Stigler once wrote that, according to consumer theory, "if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises."

  Determine the optimal fraction of output purchased by govt

In the Macroeconomics book by Stephen Williamson (5th Edition) in the Appendix for Ch. 7-8 Problem 1 the problem asks: Suppose in Solow growth model that there is government spending financed by lump-sum taxes, with total government spending G=gY,..

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!

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