User Account

All Pages

Minimizing aggregate cost

Assignment Help Business Economics
Reference no: EM133133409

Consider Pigou's example where the cost of the upper route is 1 and the cost of the lower route is 2x. What is the efficient share of the traffic that should take the upper route? Here efficient means minimizing aggregate cost.

Reference no: EM133133409

Questions Cloud

State the relationship between printers and printer ink : For each of the following scenarios, show what happens to the demand, price, and quantity of fidget spinners
What is the amount of the unrecorded check issued : The check was in payment of accounts payable. What is the amount of the unrecorded check issued by the company in payment of accounts payable
Competitive market equilibrium quantity : Suppose the government imposes a quota restricting the production of apples to an amount less than the competitive market equilibrium quantity.
What was the total peso cost of the loan agreement : IF KAN Corp. borrowed P10,000,0000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total peso cost
Minimizing aggregate cost : Consider Pigou's example where the cost of the upper route is 1 and the cost of the lower route is 2x. What is the efficient share of the traffic that should ta
Upper route in the nash equilibrium : What share of the traffic will take the upper route in the Nash equilibrium?
How do lower interest rates affect a typical firm : How do lower interest rates affect a typical firm? Please explain and consider factors such as investment, profitability, and availability of credit
Estimate the effect on the market value : Estimate the effect on the market value of your home if the Bank of Canada raises interest rates, pushing up mortgage rates by 1%.
How would you envision imagined community : How would you envision an imagined community? discuss the concepts of race and tolerance?

Reviews

Write a Review

Business Economics Questions & Answers

  Evaluate the change in costs over the period in real terms

Suppose industry abatement costs rise from $850 million in 2004 to $1,000 million in 2005 in nominal terms and that the CPI is 100 in 2004 and 106 in 2005. Evaluate the change in costs over the period in real terms, first in 2004 dollars and then in ..

  Shares of common stock outstanding

Filer Manufacturing has 8500000 shares of common stock outstanding. The current share price is $59.46, and the book value per share is $9.66.

  What causes diminishing returns

What do economists mean by "diminishing returns" to an input? What causes diminishing returns?

  Dimension of the external environment

Which dimension of the external environment BEST encompasses the factors affecting malls and box? stores?

  What explains the difference in the two articles

You read in a newspaper article that GDP grew by 5% last quarter, but another article states that the economy grew by 3.4% over the same time period.

  Illustrate what does your organization or an organization

Illustrate what does your organization or an organization with which you are familiar consider opportunity costs when evaluating strategic opportunities.

  Exchange rates for selected currencies

Given the change in the value of the dollar between 2012 and 2013, as indicated in the table above, describe the effects this will have on United States tourism

  Expectancy and income per person

How has the range (the highest value minus the lowest value) of life expectancy and income per person changed over the past 200 years?

  Discuss the use of the inputbox function

Discuss the use of the InputBox function. Can you think of some disadvantages to using this as a means to accept user input?

  Compared to the optimal uniform price

Compared to the optimal uniform price, a policy of "buy the first 20 units for $60 each and get the next 20 for $40 each" would yield

  Calculate the equilibrium wage and employment

Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. Calculate the equilibrium wage and employment if the market is free. Draw a graph..

  Equivalent to this cash flow system

A series of equal semiannual cash flows starts with the first cash flow occurring on January 1,1991and ends with the last cash flow occurring on January 1,2008. Each cash flow is equal to $128,000. The nominal interest rate is 12% and compounding is ..

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