What will happen to the supply and demand curves

Assignment Help Microeconomics
Reference no: EM13190287

The question is, there have been two events that have occurred, first there is a significant decrease in the price of personal computers and the second is there has been an increase in the number of firms providing internet access. What will happen to the supply and demand curves?

Reference no: EM13190287

Questions Cloud

What is the current profit or loss for 1000 units produce : The products are being made by a machine that currently costs $100,000 and produces a 1000 units during its lifetime after which it needs to be replaced. The machine can be replaced by a larger one that produces proportionally larger number of uni..
Pessimistic and optimistic scenarios-selling price : The sales forecasts for "King Chicken Puff" are: 250,000 units for a pessimistic forecast, 300,000 units realistically and 400,000 units optimistically. What is the net income or loss for the sales based on the pessimistic and optimistic scenarios?
How might this factor affect the operators pricing policy : When wekend prices skyrocket, some weekend golfers choose to play during the week instead. The greater difference between the weekday and the weekend prices, thegreater are the number of "defectors." How might this factor affect the operator's pri..
Would you expect ticket revenue to rise or fall : Currently, a typical fan pays an average ticket price of $5. The price elasticity of demand for tickets is -0.6. Management is thinking of raising the average ticket price to $5.50. Compute the predicted percentage change in tickets sold. Would yo..
What will happen to the supply and demand curves : The question is, there have been two events that have occurred, first there is a significant decrease in the price of personal computers and the second is there has been an increase in the number of firms providing internet access. What will happe..
Write the equation for the consumers budget line : Illustrate the consumer's opportunity set in a carefully labeled diagram. Show how the consumer's opportunity set changes when the price of good X increases to $10. How does this change alter the market rate of substitution between goods X and Y
High-performance network : A company is interested in upgrading its current core infrastructure, which comprises 2 100mbps switches which connect to a utility room that houses 8 100mbps switches wired with Ethernet Category 5 that run to each client machines.
Media reaction-multicultural matrix-analysis workssheet : Individual Assignment: Media Reaction • Resource: Completed Multicultural Matrix and Analysis Worksheet.
High-performance network : A company is interested in upgrading its current core infrastructure, which comprises 2 100mbps switches which connect to a utility room that houses 8 100mbps switches wired with Ethernet Category 5 that run to each client machines.

Reviews

Write a Review

Microeconomics Questions & Answers

  Calculate the total social marginal benefit function

Calculate the total social marginal benefit function and what is the socially efficient number of computer movie files?

  Solving multiple choice problems

Carl is deciding whether or not to make a farm. If he makes a farm, he will earn a $50,000 grant from the government. For every 100 head of cattle that he increase and sells.

  Activity-based costing-job costing

Employ the Internet or other resources to find out an article relevant to activity-based costing (ABC), job costing, or process costing. Make a 125-word executive summary of your article.

  Long-run profit-perfectly competitive market

For Profit Labs, Inc. (FPL) is a private laboratory that does only routine blood count. With total assets of $8 million last year, FPL took in $3 million in revenue and had expenses of $2 million. The average firms in other industries make a retur..

  Compute the short run total product

Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.

  Profit-maximization long-run supply curve

Using the firms marginal cost curve, compute the profit-maximization long-run supply curve for typical retailer. Compute the average total cost curve for the typical gasoline retailer, and determine that average total cost are less than price at the..

  Determine the maximum level of net benefits

Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?

  Market price in long-run equilibrium

A firm in a purely competitive industry is currently producing 1000 units per day at a total cost of $450 and If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275.

  Determine whether the company should install the polymer

Heidleman Industries is considering two types of materails for roofing its warehouses. EPDM is an elastomeric polymer synthesized from ethylene, propylene, and a small amount of diene monomer, compounded with carbon black processing oils and vario..

  Difference between accounting profit and economic profit

Explain the difference between accounting profit and economic profit. Include discussion of the distinction between explicit and implicit costs and how they relate to economic cost and opportunity cost.

  Leakage adjusted money multiplier

Assume the ratio of deposits that banks hold in the form of reserves is 7 percent. Assume further that people want to hold 8 percent of their deposits in the form of cash.

  How much do they borrow or lend per period

Find the optimal consumption bundle if m1 = 100, m2 = 88, and r = :2. Is the consumer a borrower or a lender? How much do they borrow or lend per period?

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