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Q1. A perfectly competitive firm has total cost function as follow:TC ($) = 2q2 + 4q + 200a. What are the firm's break-even output and price?b. Assuming that the market price is $24, should the firm produce? Why?c. Assuming that the market price is $84, what are the firm's output, producer surplus and profit? What is the firm's supply function?
Q2. if income rises from 1000 to 1800 and consumption rises from 1100 to 1700 the marginal propensity to save is ?
Q3. Suppose a monopolist faces the following demand curve:
P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs.
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
Depict the von Neumann-Morgenstern utility index u in a diagram
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
Make sure to make available examples of real world to strengthen your position of wherever this might be case
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