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You are the general manager of the Red Dog mine, which is the sole operator in Alaska selling copper. You have a maximum of S =1,000 tons available to sell this year and next year, and the demand for copper will be constant at p q = ? 1,000 each year, where p is the price in dollars per ton and q is the number of tons. Your marginal cost of mining and marketing copper is also constant at $200 per ton, and
your discount rate is r = 0.1. Describe the quantities you would market this year and next year, the market prices, and your producer surplus if you price your copper
(a) like a perfect competitor;
(b) like a monopolist.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launching services to commercial firms.
Suppose a textbook publisher historically sells an econ book alone but then markets the new edition of the boo only as a bundle with an online hw supplement. Answer 2 parts: define bundling. discuss what consumer and market characteristics are needed..
For rice production, why might labor productivity among workers in some southeast Asian countries be lower than labor productivity in Arkansas (Note: Arkansas exports the 4th largest amount of rice in the world).
The supply and demand curves are: Qs = - 800 + 15p and Qd = 3200 - 25p. Solve for the market equilibrium. Now suppose a tax of $20 per unit is imposed on consumers. What are the new equilibrium quantity, buyer's price and seller's price? What is tax ..
Walmarts decision in 1994 to continue operating stores in specific cities in Mexico when other firms were pulling out would be classified as
Assume which Sweden also Portugal both produce oil also stained glass. Sweden's opportunity cost of producing a pane of stained glass is 8 barrels of oil.
Considers the choices of Native Americans who decide to stay on their tribe native land or reservation also those who select to relocate to a city.
How is it possible that in perfect competition some firms have economic profits equal to zero while others have a positive economic profit. Can they have a positive consumer surplus? Isn't it a contradiction?
Unemployment numbers drop as more jobless Americans Find out positions in local businesses. Which determinant of aggregate demand causes the change.
q.differentiate between management and leadership.describe the role and responsibilities of leaders in creating and
q1. suppose the market is initially in equilibrium. the initial demand course is p 90-q. the initial supply curve is
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
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