Intercept value on the price axis, Microeconomics

+44 141 628 6080
[email protected]

Intercept value on the price axis

Elasticity:

The demand curve is Qd = 500 -2Px

a: What is the intercept value on the Price axis?

b: At what value does the curve cross the Quantity axis?

c: What is the Total Revenue function?

hint: TR = Price X Quantity. The given demand curve gives you an equation for Quantity. Use it to find an equation for Price.

c: If the marginal revenue function is MR = 250-Q, then what are the Price and Quantity values at Equilibrium?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Intercept value on the price axis

Reference No:- TGS065514

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Net income from sole proprietorship

Sam has $80,000 of net income from his sole proprietorship. What is his deduction for AGI for self-employment taxes?

Q : Statement about national income accounts

According to national income accounts, investment always equals savings in a closed economy. only in equlibrium would savings be equal to investment. hence, we are always in equlibrium.

Q : Annual administration salaries

Annual administration salaries, fixed selling costs, and planned advertising expenditures are $300,000, $360,000 and $600,000, respectively. Judd's furniture Limited makes these expenditures in equal monthly amounts.

Q : Characteristics of a good business

Discuss at least four characteristics of a good business. Identify and talk about at least four companies that you regard as having the characteristics.

Q : Intercept value on the price axis

What is the intercept value on the Price axis? At what value does the curve cross the Quantity axis? What is the Total Revenue function?

Q : Extensive use of accounting information system

With the extensive use of accounting information system, good controls are accomplished through a well-designed and reliable information system. Please name several IT decision points at which CFOs could insert the need for a complete evaluation o

Q : Invest in the risk-free security

The risk-free rate is 4 percent and the expected return on the market is 10 percent. If you want the portfolio to have an expected return equal to that of the market, how much should you invest in the risk-free security?

Q : What are the total fixed costs

Darnley Company's break-even point is 12,200 units. Each unit generates variable costs of $2.20 and is sold for $4.90. What are the total fixed costs?

Q : Federal budget deficit

Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.

1937247

Questions
Asked

3,689

Active Tutors

1415961

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Intercept value on the price axis

Reference No:- TGS065514

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Net income from sole proprietorship

Q : Statement about national income accounts

Q : Annual administration salaries

Q : Characteristics of a good business

Q : Intercept value on the price axis

Q : Extensive use of accounting information system

Q : Invest in the risk-free security

Q : What are the total fixed costs

Q : Federal budget deficit

Write contextual analysis for luke

What are your thoughts on the health message

What is it about tendency to individualize christian faith

Providing care that respects others spiritual and religious

Explain the meaning of the sacrificial lamb

How would you define altruism

What factors contributed to the division of israel

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Intercept value on the price axis

Reference No:- TGS065514

Recent Questions Asked Microeconomics

Q : Net income from sole proprietorship

Q : Statement about national income accounts

Q : Annual administration salaries

Q : Characteristics of a good business

Q : Intercept value on the price axis

Q : Extensive use of accounting information system

Q : Invest in the risk-free security

Q : What are the total fixed costs

Q : Federal budget deficit

Asked Questions