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!
Question: Suppose global demand for (OPEC) oil is given by P = 120 - 2Q and that each country has costs given as AC = MC = $20. The cartel maximizes profit at Q = 25 million and P = $70/barrel.
(a) If instead of keeping to this output, all members overproduced their quotas by 20 percent, what would be the effect on OPEC's total profit?
(b) Suppose instead one member increased production from 2 million to 3 million barrels. Break down the impact of this in terms of revenue and costs for both the cheating country and the cartel.
A representative firm in a perfectly competitive, constant cost industry has a cost function TC= 100+4Q^2+100Q.
Watch the video: http://www.ted.com/talks/stanley_mcchrystal . Write a blog post, of no less than 100 words, about how the video relates to the module topic of intellectual traits.
If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost-minimizing fee combination producing P = 200?
When the Fed sells government securities, it: Increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.
What is the budget line equation - what is the slope of the budget line equation and what is the opportunity cost of one more candy bar?
The directors of Ace Airlines have decided to incentivize their 1,000 employees by issuing every one of them 200 shares of stock.
Total soft drink demand increased, and Pepsi took a larger share of the demand. Why is the equilibrium of this game different from that of a prisoners' dilemma?
Describe any sources of risk or uncertainty in its operations. Do the financial reports indicate risky or uncertain activities or changes to the economic.
Critique each of these four approaches by listing the advantages and disadvantages of each.
Let's say there are two goods, y1 and y2. Can you give an average cost function with positive economies of scope? How about one with negative economies of scope?
Econ. 217 Assignment - How does this observation relate to the concepts of implicit opportunity cost and the height and shape of the supply curve
Use profit maximisation and revealed choices by firms to show the law of supply.Be sure to define what is meant by "the law of supply"? The response must be.
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