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 bolt-making industry currently consists of 20 producers, all of whom operate with the identical short-run total cost curve STC(Q) = 16 + Q2 , where Q is the annual output of a firm. The corresponding short-run marginal cost curve is SMC(Q) = 2Q. The market demand curve for bolts is D(P) = 110 - P, where P is the market price.
a) Assuming that all of each firm's $16 fixed cost is sunk, what is a firm's short-run supply curve?
b) What is the short-run market supply curve?
c) Determine the short-run equilibrium price and quantity in this industry.
a frim determines that x units of its product can be sold daily at p dollars per units per day is cx 120-12p and where
Making dresses is a labor-intensive process. Indeed, theproduction function of a dressmaking firm is well described by theequation Q = L - L2/800, where Q denotes the number ofdresses per week and L is the number of labor hours per week.
Suppose an indifference curve is given by the equation U= (1/2)*C*T. Assume that initially the consumer owns the bundle C = 20, T = 2. Reminder: In order to get full credit: a. What is the Utility value along this indifference curve
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm.
refer to the following matrix, where each entry shows the level of utility attained by group members from following a particular strategy. Cooperate Shirk Cooperate 10,8 5,4 Shirk 6,10 8,7 If there is as..
The structure will have to pay for itself from parking fees over a 15-year period. Given the data below, determine whether the new parking structure should be constructed at all, and if so, how many levels it should have. Use benefit-cost ratio an..
Suppose the government imposes an excise tax on tractor trailers. The black line on the following graph shows the tax wedge created by a tax of $80,000 per trailer.
Assume that the country possesses 50,000 units of capital and 25,000 units of labor. What is Y What is labor productivity computed from the per-worker production function Is this value the same as labor productivity computed from the original prod..
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under Nationalclick onGross Domestic Product (GDP), then Interactive Tables:GDP and the National Income and Product Account (NIPA) Historical Tables, click "Begi..
Suppose initially (period 0) the economy is endowed with $5 (billion) of capital stock and 10 (thousand) workers (let's ignore the units). We know that saving rate s is 0.15, population growth rate n is 0.01 and depreciation rate d is 0.09.
What is the equivalent present value of the following series of payments: $7000 the first year, $6500 the second year, $6000 the third year, $5500 the fourth year, and $5000 the fifth year The interest rate is 10%, compounded annually.
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