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Q=55-0.5PGiven the firm’s demand function Q=55-0.5P (where P = price and Q = rate of output), and the total cost function TC=20+Q+0.2Q^2 where TC = total cost, determine a. The total revenue functions for the firm. (Hint: To find the total revenue function, solve the demand function for P and then multiply both sides of the equation by Q). b. The marginal revenue and marginal cost functions and find the rate of output for which marginal revenue equals marginal cost. c. An equation for profit by subtracting the total cost function from the total revenue function. Find the level of output that maximizes total profit. Compare your answer to that obtained in part (b). Is there any correspondence between these answers?
Economists argue that the move from barter to money increased trade and production. How is this possible.
FDI's according to their typology, can be divided into 1 horizontal and vertical 2 inward and outward 3 portfolio investment and green field. Classify the following cases according to the above parameters:
Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p). What happens to t as real wage i..
The demand function for a firm’s product is Q = P!3 . The firm’s marginal cost of production is constant at MC(Q) = 12. Calculate the elasticity of demand, as a function of Q. Using your answers to (a) and (b), what is the firm’s profit-maximizing ma..
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..
q. find the equilibrium price and quantity after the shift of the demand curve.if instead two new stores that sell
While purchasing _____ an individual whose cost of time is low will visit a larger number of dealers compared to the individual whose cost of time is high.
Suppose a monopolist faces the following market demand: What is the firms marginal revenue and the desired amount of units of production to maximize profit?
Derive the LM curve when the money supply increases by 500. Derive the LM curve when money supply decreases by 10%. Find the value of money demanded when income Y = 15,000 and interest rate R = 5. Is this equilibrium? Why? Why not?
What are the main factors that determine exchange rates? Why are exchange rates so volatile?
What is probability that these 64 students will spend a combined total between $703.59 and $728.45.
Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the eco..
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