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!
The supply curve for productXis given byQXS= -340 + 10PX .
a. Find the inverse supply curve.
P =+Q
b. How much surplus do producers receive whenQx= 350? WhenQx= 1,000?
When QX= 350: $
When QX= 1,000: $
BudgetSurplus: The amount by which government revenues exceedgovernment expenditures in a given year. PublicDebt: The total accumulation of the FederalGovernment's total deficits and surpluses which have occurredthrough time.
An auditor wishes to determine a rule to use in evaluating the accounts payable of a certain firm. There are 5000 such accounts. The auditor considers the accounts as satisfactory if there are mistakes in only 1% of them.
What price should the firm charge if it wants to maximize its profits in the short run?
Write down the Lagrangean function associated with this problem and derive the first-order conditions for this problem.
the engineering department of a large firm is overly crowded. In many cases, several engineers share on office. It is evident that the distraction caused by the crowded conditions reduces the productive capacity of engineers considerably.
The price charged to consumers, the average total cost of production and the efficiency of the market outcome
Toshi has entered a hotdog eating contest. Toshi estimates he can win the contest if he is able to consume eleven hotdogs within the time period allowed. Toshi actually likes hotdogs. His utility function is given by:
For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions?
The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..
Describe the difference between short run and long run as they are used in economics. Differentiate between Economics of scale and Diseconomies of scale.
answer each of the following question in one or two paragraphs.1-describe the difference between average revenue and
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development What condition would encourage research and development in competitive..
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