What is the dead weight loss given profit maximized output

Assignment Help Econometrics
Reference no: EM13200375

Joe sells vacuums. Given the demand for vacuums at P= 15 - .001Q. Joe faces constant cost of $3 per vacuum and $5,000 fixed cost. What is the dead weight loss given profit maximized out put is 6,000 units and rpice 9$?

Reference no: EM13200375

Questions Cloud

What is the expected return on an equally weighted portfolio : What is the expected return on an equally weighted portfolio of these three stocks and what is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C?
Explain what happens to the value obtained for the slope : What happens to the value obtained for the slope if the coordinates of the two ordered pairs aren't subtracted in the same order?
Explain how much was invested at each rate : At the end of the year, the total interest from these investments was $940. How much was invested at each rate?
Find the rate at which the distance bewween the planes : which the distance between the planes changes when the southbound plane is 34 km away from the airport and the westbound plane is 21 km from the airport.
What is the dead weight loss given profit maximized output : Joe sells vacuums. Given the demand for vacuums at P= 15 - .001Q. Joe faces constant cost of $3 per vacuum and $5,000 fixed cost. What is the dead weight loss given profit maximized out put is 6,000 units and rpice 9$
How many red and blue file folders will be in each drawer : There are four file cabinets, each with three drawers. There are 108 blue folders and 60 red folders. Use all the cabinets and put the same number of red folders and the same number of blue folders in each drawer. How many red and blue file folder..
The linear equation that expresses b in terms of her weight : There is a linear equation that expresses B in terms of her weight. Find the equation and find the basal energy requirment if her weight is 53.2 kg.
Determine the dimensions of a rectangle with a perimeter : Remember that the perimeter is the sum of all sides of the rectangle. Is there another shape that would be more efficient( higher area to perimeter ratio?)
Depict equation for the number of gallons of water : there are approximately 202 gallons per cubic yard of water. write and solve an equation for the number of gallons of water that fill a pool with a volume of 1161 cubic feet

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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