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Explain how much profit is the firm making. Illustrate what output recommendation would you make for the firm.
Compute marginal cost also marginal revenue for the short run cost and demand data.
Draw Paul's indifference curves for U = 5, U = 10, and U = 20.
Illustrate what would you recommend which the monopolist should do to maximize profits.
Illustrate through some examples that every other way of assigning income provides less utility than does point identified in part b. Graph this utility-maximizing situation.
Illustrate what is the profit-maximizing price also output in each market.
Illustrate what was the perfectly competitive equilibrium price and output. Illustrate what is the monopoly equilibrium price and output.
Ms. Fogg has $10,000 to spend on the trip, if she spends all of it, then her utility will be U (10000) = Log (10000) = 4.
Explain how much consumer surplus is being earned at equilibrium. Government places a tax on the good will costomer surplus decrease or increase.
elucidate the long run adjustment in the supply curve for increasing cost, decreasing cost and constant cost industry due to the shift in the demand curve.
Now consider new demand curve for flyswatters Q = 1000 - 50P, evaluate quantity demanded for following prices, sketch demand curve.
Find out, how following will affect slope of the output demand curve, and describe your results: Inter temporal substitution effect of real interest rate on current consumption increases.
Explain in terms of production theory why it might be that no amount of "cracking down" can rise employee productivity at CF&D.
The financial analyst dept estimates the cost of textile machine $600 every day. Can mgt reduce the price of assembling.
When viewed on a graph, typical income constraint or budget line will slope up from left to right. True or False, and explain why?
explain how should the manager adjust input usage. Elucidate the optimal input choice of inputs.
Under what condition would the energy-efficient automobile described here be economically efficient
Compute income elasticity of demand for this commodity at income of $10,000 and sales of 80,000 units.
Explain how much more profit does this pricing policy lead to as compared to the simple monopoly price above.
By using what you have learned regarding the laws of supply and demand, describe to your friend how the market influences price.
Compute the marginal cost function. Determine quantity that minimizes average costs.
In doing so remember that demand function given above explains relationship between prices consumer pays and amount demanded.
Compute Maggie utility when the company is competitive, and when the market is served by a monopoly.
llustrate what will be the total amount demanded also the amount produced by every firm.
Shaqueena's utility function is given by U= I1/2, where I signifies annual income in thousands of dollars. Is Shaqueena risk loving, risk neutral or risk averse?