User Account

All Pages

Total revenue from sales

Assignment Help Macroeconomics
Reference no: EM131104047

As a manager of a firm, you have estimated that the demand for the product the firm sells is $ QD = 500 - 4 P - 0.015 I, where P is the price of a unit of the firm's product and I is the average consumer income of the firm's customers. Currently, P = $15 and I = $25,000. Based on this information, if you decide to increase the price by 10%, your total revenue from sales will

  • Increase by $10
  • Increase by 1.5%
  • Remain unchanged
  • None of the above

 

Reference no: EM131104047

Questions Cloud

Question regarding the marginal cost of production : DWR has two facilities at which it produces its Reid couches. At facility 1, the marginal cost of production is equal to MC1 = 1,200 + 4 Q1 , while the marginal cost at facility 2 is MC2 = 1,600 + 6 Q2 . The fixed cost is the same at both facilit..
How do the components of revenues and expenses : How do the components of revenues and expenses differ between a merchandising company and a service enterprise?
Particular type of skilled labor : In the short run, a particular type of skilled labor is the only variable factor used by a firm. The manager of the firm has estimated that the marginal product of labor is given by MPL = a - b L, where a and b are numbers to be specified below.
What are some examples of in-kind transfers : Why do some people prefer that the government provide cash payments to the needy instead of in-kind transfers?
Total revenue from sales : Currently, P = $15 and I = $25,000. Based on this information, if you decide to increase the price by 10%, your total revenue from sales will
What does the amount of wages earned : What does the amount of wages earned during the first three days of the week (12⁄29, 12⁄30, 12⁄31) represent? Explain.
Explain where this project fits into it portfolio roadmap : Briefly explain where this project fits into the IT Portfolio roadmap you included in Part 2 of your ITSP. What functional area does it support? Where should it be included in the timeline - i.e., should it take priority or be done before another ..
Number of bottles of macallan demanded : A long strike in the region of Roquefort-sur-Soulzon is expected to increase the price of that cheese by 16.5% at the store. Based on this information, the number of bottles of Macallan demanded will
Make header for the entire program : C code that I would like you to document it and make header for the entire program and for each function as well as make short comment inside the code. pay attention to the marking scheme Code Commenting:

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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