If the market-clearing price is 6 obtain the profit
A firm in a perfectly competitive market has the following cost function:
C = 1/3q3 – 5q2 + 30q +10
If the market-clearing price is 6, obtain the profit maximising level of output.
Now Priced at $10 (50% Discount)
Recommended (91%)
Rated (4.3/5)
Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent.
In comparing two otherwise identical industries X and Y, an economist finds that labor demand is more elastic in industry X. Which of the following would support this finding?
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
GDP rises from 6 trillion in 2001, base year, to 12 trillion in 2008. the gdp deflator is 180. Find real GDP in 2008. Find the percentage increase in real gdp between 2001 and 2008.
In the two sector economy where there is no personal tax,how is personal income related to personal consumption expenditures and personal savings?
Keyenes consumption function appears to explain consumption over the short run but not consumption over the long run - why?
Suppose the elasticity of deamnd for cereal is 1.If cereal increases in price by25%, how much will the quantitiy demanded decrease by?
1928544
Questions Asked
3,689
Active Tutors
1435701
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Question: Discover how the major schools of thought within sociology explain social stratification.
Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.
Question: Which of the following are forms of media bias? (Select all that apply)
Question: Cases of local communities using modern technology to preserve and revive their traditions:
Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s
Question: Which of the following is a criticism of Marxist/conflict theories? Group of answer choices
Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism