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Increasing marginal volume for cost payers makes economic sense if:
A. Cost payers account for 100 percent of your present volume and fixed costs are high.
B. Bad debts are low.
C. Fixed costs are high and present cost payer volume is small.
D. All of the above.
The surplus created by a price floor will likely be? smaller if the good is a necessity. larger if the good is addictive. smaller if the good is a luxury. unaffected by the time that has elapsed since the price ceiling is implemented. None of these a..
The demand curve for chicken biscuits is estimated to be: Ln (Q xd) = 100 - .75 ln (Px) - 4 n (Py) + 1.5 ln (M) Where x represents chicken biscuits, y represents chocolate milk and M represents income. If income drops by 2%, holding constant the pric..
A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the other hand, leasing required an annual..
What amount must be deposited into a savings account that pays 8% market interest if the inflation rate is 10% and you want to set aside enough money to purchase a red tape cutting machine ten years after the deposit? The current cost of a red tape c..
Explain each of these opposing statements, 1) The development of agricultural technologies was beneficial to mankind because it allowed more people to be supported; and 2) The development of agricultural technologies was harmful to mankind because it..
A monopolist has an inverse demand curve given by p(y)=12-y and marginal cost is 2y. What will be its profit-maximizing level of output? Suppose the government decides to put a tax on this monopolist so that for each unit it sells it has to pay the g..
If the demand for gold residue high explain what would happen to the price in excess of time.
The labor force is 100 million and the unemployment rate is 5 percent. If one million people quit looking for a job, what is this called and what is the new unemployment rate?
q1. as long as firms are price takers in the labour market it doesnt matter if firms are monopolists in the output
Suppose the airline industry consists of two firms, A and B. These two firms engage in Cournot competition with each other over a certain route for which inverse demand is P(Q) = 1000 − Q with Q = qA + qB. Solve for the Cournot equilibrium price. Sup..
Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what type..
An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of a..
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