Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Derivation of an company's supply function, equilibrium price and output. There are 10 identical companies that have the common cost function.
Illustrate what will the new equilibrium price be. What determines the burden of taxation. Write the general formula for the burden of taxation.
Elucidate how the intuition behind the rule of thumb for pricing. If the elasticity of demand is -5 and the marginal cost is $20 per unit, what should the price be.
Application of diminishing marginal return. Assume you are running a photo copy center that makes illegal copies of the textbook.
What price should DD set to maximize profits. Illustrate what would output be if DD acted like a perfect competitor and set P = MC.
Assume the marginal expense of hiring another employee is $150 and the marginal expense of hiring current employees for an extra hour is $10.
Assume two identical firms produce widgets and they are the only firms in the marketplace.
Union a faces a demand curve in that a salary of $4 per hour leads to demand for 20,000 person hours and a wage of $5 per hour leads to demand.
A Monopolist is deciding how to allocate output among two markets. The two markets are separated geographically. Demand and marginal revenue for the two markets.
Assume which firm faces the following production function. Write down the profit function for this firm.
Derive the companys equilibrium price and output. What is the output of each firm.
Compute a firm's profit from production function. Assume that a firm faces the following production function.
Assume, the government requires lifeguards to buy $1 of health insurance per hour worked. What happens to employment and wages of lifeguards? Explain and show graphically.
Illustrate what is the equilibrium price and quantity. Compute the price elasticity of demand at the equilibrium price and quantity.
Explain how many people would cross the bridge if there were no toll. Illustrate what is the loss of consumer surplus associated with the charge.
Compute alculating price, quantity and profit under Cournot model. Given the following information's compare the three market structures.
The yearly demand for coffee by the U.S consumers If there is no tariff, explain how much do consumers pay for a pound of coffee. What is the quantity demanded.
Explain how much consumers will pay for a pound of coffee. What is the quantity demanded. Compute the tax revenue collected by the government.
Compute of profit maximizing price and quantity under monopoly.
A government regulatory agency sets price ceiling of $7 per unit. Find out quantity produced Profit. What happen to the degree of monopoly power.
It occurs to the managers of these industry that they could do better by colluding. If the collude what will be the profit maximizing output.
Assume firm 1 can set its output level before firm 2, how much firm 1 will produce. Illustrate what is the market price and what the profit for each firm.
American Mining Company is interested in obtaining quick estimates of the supply also demand curves for coal.
Equating demand and supply functions to find surplus and shortage.
Assume Paul spends all of his salary on DVDs. How many can he buy and what is his utility.