Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Max is a home builder in the Midwest. Although sales have slowed because of the recession, it looks like the recession is about to end. He wants to be ready with material, labor, and foremen to meet the demand for housing. Last year Max built 40 starter homes. He thinks the recessions end will increase sales to 50 units for the current year. The going market price for this model has been $75,000. The cost of building this model averages $55,000.
A. based on these facts, what should Max do?
B. If the cost is raised to $65,000 what should he do?
Compute the elasticities for each independent variable. Note: Write down all of your calculations. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a ..
An increase in the wages for workers (as the industry responds to increases in benefits and adjustments as the minimum wage increases.
If a production function is given through the equation Q=12X+ 10x2- x3 where X= input and Q=output then provide the computation for average product.
If the government wanted to encourage a monopoly to produce the socially efficient quantity, should it use a per-unit tax or a per-unity subsidy? Explain how this tax or subsidy would achieve the socially efficient level of output.
Does a monopolist achieve efficiency in its production (that is, does it produce where MR = MC)? Will society face a welfare loss in a monopolistic market?
1.What is meant by the prisoners dilemma game when applied to the behaviour of oligopolists? What will determine the outcome of the game?
Write an equation for the total revenue (TR) function in terms of Q, specify the marginal revenue function and write an equation for the total cost (TC) function in terms of Q
As the manager of exploration for Chieftain Oil & Gas, you are assessing a new offshore oil recovery method that will recover oil and gas deep in the Gulf of Mexico.
if you could choose between what we called the anglo-american political economy and the continental european model of
Let W1 and W2 be subspace of a finite dimensional vector space. Prove that dim(W1 + W2) % min{dim(W1), dim(W2)} and dim(W1 + W2) % ¥ max{dim(W1), dim(W2)}.
What is the profit-maximizing price and quantity? What are the profits from this activity? Describe how Ford might use a two-part pricing scheme to eliminate this successive monopoly problem with Rochester Motors.
Outline the events that led to Marbury v. Madison. What lasting consequences did this decision hold? Was it a win for Federalists or Democratic-Republicans and why?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd