The supply function for x units of a particular commodity

Assignment Help Microeconomics
Reference no: EM13671062

A manufacturer determines that the supply function for x units of a particular commodity is S(x)=In (x+2) and the corresponding demand function is D(x)=10+In(x-1).Find the demand price when the level of production is x=10units

Reference no: EM13671062

Questions Cloud

Analyse data from a recent observational study of ageing : What analyses you performed - your description of the results should be sufficiently clear that the reader could reproduce your results
Develop the activity schedule for the project : Draw a project network, develop the activity schedule for the project and identify the critical path
Which outcomes are pareto efficient : Which outcomes are Pareto efficient
What are the factors that underlie a nation decision : What are the factors that underlie a nation's decision to allow its currency to be determined by free market forces or to be fixed against some standard of value?
The supply function for x units of a particular commodity : A manufacturer determines that the supply function for x units of a particular commodity is S(x)=In (x+2) and the corresponding demand function is D(x)=10+In(x-1).Find the demand price when the level of production is x=10units
Define the number of baskets of apples : Define the number of baskets of apples and bananas produced as QA
How might institute protocols to ensure risk management : Discuss how one might institute protocols to ensure risk management and program management are inseparable disciplines in the design and engineering of systems.
Testing for overidentifying restrictions : Testing for overidentifying restrictions
Supply and demand concepts : Supply and Demand Concepts

Reviews

Write a Review

Microeconomics Questions & Answers

  How the supply and demand increases or decreases?

All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately. Huge new crude oil reserves are discovered in th..

  Identify how the process might differ from a centrally plan

Explain the process or mechanism underlying how a market-based economic system allocates scares resources. Identify how this process might differ from a centrally planned or command economy.

  Find the production possibilities frontier

Intermediate microeconomics- Find the production possibilities frontier for the Rancher. Define marginal rate of transformation. What is the marginal rate of transformation of meat for potatoes for the rancher?

  Determine supply curve for a single firm

Think a competitive industry consisting of one hundred identical firms each with the following cost schedule,

  Above you see three indifference curves and a budget

above you see three indifference curves and a budget line.nbsp answer the following questions.a.nbsp if this consumers

  Multiple choice questions - principle of microeconomics

Movie theaters often offer decreased rates for children under ten. This suggests that tht demand for adult admission is

  The day the machines went off

The Day the Machines Went off

  Analyze the steps of agenda setting and policy formulation

Examine the steps of agenda setting, policy formulation, and policy implementation for a public policy on energy and evaluate factors that may influence agenda setting, policy formulation, and policy implementation energy policy.

  How to use social media marketing techniques explain at

if a start-up entrepreneur lacks certain competencies such as understanding cash flow or not knowing how to use social

  Find the competitive and monopoly quantities and price

Let the demand curve for a good be given by P=60-Q. Also, suppose that the marginal and average cost of producing the good is MC=AC=20. For this demand curve, MR=60-2Q. Find the competitive and monopoly quantities and price.

  Compare and contrast the theoretical implications

Critics of traditional welfare programs often argue that a downside of traditional welfare programs is that when the government gives lower income people money, it causes them to work less. Compare and contrast the theoretical implications on lab..

  Describe the mechanisms used by investors in the share

Describe the mechanisms used by investors in the share market to analyse and manage systematic and unsystematic risks.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd