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!
Static Economics A waterpark is the only one in a small town. Based on past summer season’s ticket sales, they estimate that the relationship between the monthly demand D (in persons) and price of a ticket p (in USD/person) in the town is described by p=44-0.0005 D. The waterpark has a monthly fixed cost of 100,000 USD and variable cost of 16 USD per person. What is the revenue-maximizing level of demand? What is the ticket price at this level? What is the profit? What is the profit-maximizing level of demand? What is the ticket price at this level? What is the profit? Compare and comment on the demand, price, and profit levels you found in parts (a) and (b). What is the profitable range of demand? Does this range change if the park has a maximum seating capacity of 40000 people/month? Draw and Excel plot of revenue, cost, and profit versus demand D and depict the locations of the relevant values you found in parts (a), (b), and (d) above.
XYZ Computers company has a monopoly on the sale of a specialized color printer. If it sells two of these printers its total revenue is R1,000, and if it sells three color printers its total revenue is R1600. The marginal revenue of the third colo..
Which of the following is true of the trends of imports and exports (measured by percentage of entire economy) in the US? 1) Imports up, exports down 2) Imports & exports both going up 3) Imports & exports both going down 4) Imports up, exports down
Do you think the NRA is justified in its actions toward the CDC? Do you think the CDC should pursue gun-related injury research? The NRA contends that the CDC had an anti-gun agenda and that it was playing politics with the research. Does this alter ..
How would you go about determining whether innovation and the incentives for innovation are becoming more important factors in the performance of firms and industries?
Calculate GNP, GDP, and aggregate income. GDP = $ GNP = $ Aggregate income = $ b) What is depreciation in this year? Depreciation = $ c) What is NDP? NDP = $
Price/Output Determination. Columbia Cars Inc., a rapidly expanding new entrant to this metropolitan area, is considering two proposals for the provision of its cosmetic detailing of cars (washing, waxing, polishing, engine cleaning, etc.). First, a ..
Which of the following would not occur in the short run if a binding price floor were raised in perfectly competitive market? What is price discrimination? Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is describ..
Suppose that you have homothetic tastes that happen to have the special property that indifference curves on one side of the 45-degree line are mirror images of indifference curves on the other side of the 45-degree line. Suppose that your tastes can..
Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50%, this will lead to a maximum increase of ________ in M1 throughout all banks.
firm's marginal cost curve crosses marginal revenue curve at an output level of 1,000 units. Illustrate what is firm's current profit. Illustrate what is likely to occur in this market and why.
Illustrate what are the values of the tax-adjusted utilize cost of capital, the desired future capital stock also the desired level of investment
Consumers only consume Diet Coke and Potato Chips. Using indifference curves and budget constraints, graphically and intuitively explain what will happen to consumer’s optimal consumption bundle if there has been an increase in the price of Potato Ch..
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