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!
Workers must travel from Smallville to the Steel Mine and return every day. On a monthly basis, the inverse demand for bus ride is given by: P=300-4Q Where P is in cents per ride and Q is in thousands of rides. The Marginal cost of each ride is 50 cents (there are no economies of scale and no fixed costs). a)Suppose that the transit business is a perfectly competitive, and there are no barriers to entry or exit. How many bus rides are sold, at what price are they sold, and what are the values of consumer and producer surplus? b) Suppose that an exclusive license is obtained by Trailway to provide transit services between Smallville and Workplace, so that Trailway is a monopoly provider of these bus rides. How many bus rides are sold, and at what price? What are Trailway's profits, and what is the deadweight loss relative to (a) above? c) Suppose that a government subsidy of 40 cents per ride is paid to the Trailway monopoly. How many bus rides are sold, and at what price? What are Trailway's profits, what is the cost of the government subsidy program, and what is the dead weight loss relative to (a) above?
Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.
These two questions are about population proportions.
Smokey's Garage, Inc., provides routine auto diagnostics for customers in the Atlanta metropolitan area. Tests are supervised by skilled mechanics using equipment produced by two leading competitors in the auto test equipment industry. Records f..
questionplace your answers in the table provided at the end of the questiona farmer expects to have three activities on
Is MRS diminishing as Jane gets more F and more F?
Provide alternative perspectives from experts on technology
What are "normal" goods? Give an example in our current economy and what are "inferior" goods? Give an example in our current economy.
while bob was walking in the park he found a 100 bill. not finding the owner he decided to deposit it in his checking
Find out the own price elasticity of demand and state whether demand is elastic, inelastic or unitary elastic. Determine the income elasticity of demand state whether good X is normal or inferior
a circular flow diagram that includes the government sector. for this part of your paper you should include a
The firm produced 800 units per day, it total cost will be $300, and it it produced 500 units per day, it total cost will be $275.what are the firm's ATC per unit at these three levels of production.
what will happen to equilibrium of peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, not enough info to answer, or decrease. what will happen to the total revenue os us peanut butter..
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