Reference no: EM13854686
1. What is the scope of industrial economics? Also discuss its importance.
2. What role industrial economics plays in economic development of a country?
3. (a) At what price and output level the market will be in equilibrium?
Qd = 100 - 6P
Qs = 28 + 3P
Where Qd is quantity demanded, Qs is quantity supplied while P is the price of good.
(b) At what price and output level the market will be in equilibrium?
Qd = 100 - 2P
Qs = -20 + 1P
Where Qd is quantity demanded, Qs is quantity supplied while P is the price of good.
4. Define Consumer Surplus and Producer Surplus? Use neat diagrams to explain Consumer and Producer Surplus?
5. Define the Law of Supply? Keeping in view the Law of Supply, how the following factors will shift the supply curve? (Each answer must be supported by a neat diagram):
a) If number of producers increases in the market;
b) If there is an advancement in electronics technology;
c) If the prices of raw material increases in automotive industry;
d) If there is an expectation of increase in oil prices during next month.
6. Explain the Law of Demand. What are their assumptions? What are demand curve shifters and what causes them to shift?
7. What is market equilibrium? What might keep the market from moving all the way to that equilibrium point?
8. "Price control can be more effective in the short run than the long run". Explain. How could price controls affect a firm's incentive to innovate?
9. What are various types of elasticity of demand? Explain with examples.
10. Suppose that a producer raises the price of a good from $8 to $15, and the quantity sold drops from 250 to 40 units. Is the demand for the good is elastic or inelastic?
11. Define and explain perfect competition, monopoly and oligopoly. Why firms do price discrimination?
|
Most important terminologies in investment
: Assignment 1: Most important terminologies in investment.
|
|
Describe a workplace problem that you anticipated
: Describe and apply one or more approaches to evaluating creative activity - they work outside so make them drink, food etc. Other example: assign them to their favorite site. No money involved so not even gift cards or paid vacations. Another examp..
|
|
Does this game have pure-strategy nash equilibrium
: Player 1 ("hider") and Player 2 ("seeker") play the following game. There are four boxes with lids, arranged in a straight line. For convenience, the boxes are labeled A, B, C, D. The admin of the game gives player 1 a $100 bill, and player 1 must hi..
|
|
Undertake early and substantial internationalization
: Born global firms are those that undertake early and substantial internationalization. Despite the scarceresources typical of most small businesses, born globals usually internationalize within three years of theirfounding and may export to twenty or..
|
|
Scope of industrial economics
: 1. What is the scope of industrial economics? Also discuss its importance. 2. What role industrial economics plays in economic development of a country?
|
|
Which side of the market-supply or demand
: "Which side of the market, supply or demand, that bears the burden of a tax on a good or service depends upon the relative supply and demand:"
|
|
What is the required rate of return for a portfolio
: What is the required rate of return for a portfolio which consists of $14,000 invested in Stock X and $6,000 invested in Stock Y?
|
|
Explain the effect of diversity on group performance
: Explain the effect of diversity on group performance Apply principles of team building to create solutions describe the various stages of team development
|
|
Provide examples of how inflation affects
: Provide examples of how inflation affects you and your companies. Defend your position through real-life experiences, research, and/or readings. Be certain to cite material from the text as well as academic or news source.
|