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 market for internet services is perfectly competitive. Joe's Internet Services has total cost function TC(q) = 6q2 + 5q + 20 and marginal cost function MC(q) = 12q + 5.
(a) The current price per unit of internet services is $53. Determine the output level that maximizes Joe's profit in the short run. Determine the resulting profit for Joe's.
(b) The coefficient on the q term in the total cost function depends on a robotics input price. Suppose this input price increases to 7.
Draw a single graph depicting the market price (still $53), the initial MC curve (before the increase in the input price) and Joe's initial profit-maximizing choice; and the new MC curve (after the increase in the input price) and Joe's new profit-maximizing choice. Be sure to explicitly show the coordinates for intercepts and for any other important points in the graph.
Audio engineer quit job & gave up salary of $175,000 per year to start own business. Partial income statement listed below:
A needy family of a mother and three children currently receives cash benefits that average $12 per day. The mother of this family is allowed to earn an average of $4 per day before her benefits begin to decline. After that, for each dollar earned..
You are the owner of a local honda dealership. Unlike other dealerships in the area, you take pride in your "no haggle" sales policy. Last year, your dealership earned record profits of $1.5 million. However, according to the local Chamber of Comm..
Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem.
Pat and Kris are roommates. They spend most of their time studying (of course), but some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza.
Determine, how the following will affect the slope of the output demand curve, and explain your results:
Elucidate the roles of government bodies which determine national fiscal policies.
The production function is given by F(L) = 6L^(2/3). Suppose that the cost per unit of labor is $8 and the price of output is 4, how many units of labor will the firm hire?
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
Suppose the ABC Corporation adopts a policy prohibiting its top-level executives, whose compensation packages-Use economic theory to analyze the incentive effects of this prohibition.
According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one found in this chapter to represent the sector of the economy devoted to collage education.
Describe the neoclassical theory of economic growth. Then explain how the neoclassical theory is impacted by research about endogenous technological changes and increasing marginal returns.
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