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. The law of diminishing returns says that at some point, as the firm's output increases, marginal product begins to fall and can eventually became negative. Why does this happen? ( in your own words)??
2. In purely competitive market, market demand is down sloping (quaintly sold increases as price decreases). However, from the point of view of the individual purely competitive firm, the demand for the firm's product is perfectly elastic, at the market price. ( In your own words) Why is this?
3. For the purely competitive marginal revenue appears to be the same as market price (MR=P). But for the other industry types (monopolistic competition, pure monopoly, oligopoly) MR is not viewed as the same as the demand curve (D) ; Mr is viewed as lower than D. (In your own words!) Why?
4. Price discrimination allows a firm to charge different price to different customers. Explain why a firm would find price discrimination to be attractive. (In your own words)?
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Assume instead that the government had given the individual $100 in cash. Draw the new budget constrain..
After school one day, the teacher discovers this student beating up another student and has to break up the fight. The teacher has turned to you as the vice principal in charge of discipline. Using the theories you have learned this week what do y..
Given these market characteristics, what is the Lerner Index equal to (as a function of quantity)?
A used car dealer in Las Cruces placed the following advertisement: What is the price of the car if the interest rate is 12% per year compounded monthly? If financing is done at 12% APR, what would be the equivalent uniform monthly payment?
Explain in words and in diagrams how a tax on high-skilled labor burdens low- skilled workers. Which of the following taxes do you think would cause the larger excess burden? In one or two sentences explain why?
Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol? Why is it unlikely that a firm would sell at a price where its demand curve h..
If the face value of a 10% coupon bond is $10,000, what is the yearly coupon payment? If the yield to maturity of the above coupon bond is 8% and has 10 years to maturity, what is the present value of the coupon bond?
A sum of $16,000per year will be received uniformly over a five-year period beginning two years from today. What is the present value of this deferred- funds flow if interested is compounded continuously at a normal rate of 9%.
Indigenous Australians have the worst health of social groups in Australia. Describe two social determinants that contribute to a lower life expectancy for Indigenous Australians. Identify one condition that Indigenous Australians have a higher preva..
Assume we are given a demand schedule that is represented by P = 200 5Q and a supply schedule where P = 110 + 10Q, where P = Price and Q = Quantity. What is the equilibrium price and quantity shows all of your work.
Voters in the State of California decide that the tobacco industry is having too great an impact on the outcome of local referenda limiting smoking in public places.
You are considering two alternative plant layouts, A1 and A2, to improve its current layout. The cash flows are shown below. The first costs represent the expenses of rearranging the current layout to the alternative new layout and the annual savings..
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