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Microeconomics
Page 8
Questions (1,509)
A monopolist firm faces a demand curve: Q = 900 – 3P, and the costs of its two plants are:
C1 100Q1 50 and 2 2 C2
1 answer
asked by
anuwar
284 views
Find producer's surplus at the market equilibrium point if supply function is
p=0.4x+14 and the demand function is p = 426.4
1 answer
asked by
Gabriel
461 views
2. Dr. Usha, a well-known surgeon, with a reputation of being one of the best surgeons in the region, enjoys a substantial
1 answer
asked by
Lucy
362 views
1. A monopolistic competitive firm has carefully estimated industry demand. Its revenue projections for different levels of
1 answer
asked by
Lucy
255 views
Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC=
1 answer
asked by
Chris
432 views
Partial equilibrium
3 answers
asked by
Jr
59 views
Each firm in a perfectly competitive market has a short-run total cost of TC=75+500Q-5Q²+0.5Q², where MC=500-10Q+1.5Q²
a)
1 answer
asked by
Hope
356 views
Why does the TC curve have the same slope as the VC curve?
1 answer
asked by
R L
264 views
The total cost faced by a firm in a perfectly competitive is given as:
TC = 600-100Q+0.5Q2 i. Find the profit maximizing level of
1 answer
asked by
Athirah
395 views
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10,
2 answers
asked by
Anonymous
541 views
A profit-maximizing firm in a competitive
1 answer
asked by
Anonymous
222 views
The Burr Corporation’s total cost function (where TC is the total cost in dollars and Q is quantity) is TC = 200 + 4Q + 2Q^2
a.
1 answer
asked by
Zahra
373 views
Assuming a simple linear market demand curve for good X, explain the relationship between price, total and marginal revenues,
1 answer
asked by
ZAINAB
251 views
If more consumers move to the area, will this cause a change in demand or quantity demanded?
1 answer
asked by
mike
271 views
Suppose flora bakery is the monopolist in the market for banana bread. It’s fixed cost is 3 million. While it’s labour cost
1 answer
asked by
Kk
454 views
Find the elasticity of demand (E) for the given demand function at the indicated values of p. Is the demand elastic,
2 answers
asked by
Abby
1,006 views
when the MP of a given variable input is declining but positive
a.total product is decreasing at incrising rate. b.total product
1 answer
asked by
kebede
422 views
given the demand curve of the monopolist:Q=30-0.3p,and given the cost function:2Q2+20q+10,then find profit maximizing level of
1 answer
asked by
abebe
387 views
The equation for a demand curve has been estimated to be Q=100- 10P+0.5Y, which Q is quantity, P is price, and Y is income.
1 answer
asked by
sipho
376 views
Part III: Calculate the Following Questions by Using the Necessary Steps
(4 pts each) 1) A monopolist is deciding how to allocate
1 answer
asked by
Anonymous
323 views
When do the laws of supply and demand have less effect on prices?
1 answer
asked by
brian
424 views
3. A homogeneous products duopoly faces a market demand function given by P = 500 − 10Q .
Both firms have a constant marginal
2 answers
asked by
Raye
542 views
Let x1 ≥ 0 and x2 ≥ 0 be the levels of consumption of good 1 and good 2, respectively. Income is I = 8 and the prices of
3 answers
asked anonymously
42 views
Explain the profit maximization condition of multi plant monopolist?
1 answer
asked by
Ferhiwot
445 views
Under the condition the two cournot’s duopolistic firms have identical costs, assume that the market demand and cost functions
1 answer
asked by
mulualem
426 views
The manager estimates that the total revenue from the sale of her firm's product is given by the equation TR = Q^2/2 and the
1 answer
asked by
Yonas
466 views
if a paper raise it's price from .75 to 1.00 what implicit assumptions about the price elasticity of paper?
1 answer
asked by
dee
362 views
Suppose the multiplant monopolist having a linear demand function Q=50-p is operating in two plants each has marginal cost
2 answers
asked by
Anonymous
555 views
In the market for oil, the (inverse) demand curve is P = 200 – Q. MR is 200 – 2Q. MC is 0.5Q + 50. (Prices are in price per
1 answer
asked by
sara
477 views
demand function of a monopolist is given as Q=50 - 0.5p while the cost function is given as C= 50 + 40q. calculate equilibrium
5 answers
asked by
kazeem
1,591 views
Graphical and mathematical expression of utility ,until ,isocost ,indifference curve ,budget line , monopolistic
1 answer
asked by
Berhanu
405 views
A cloth producing firm in a perfectly competitive market has the following short-run total cost function: TC
= 6000 + 400Q –
4 answers
asked by
tese
1,450 views
What is equilibrium?
A. A good for which, other things equal, an increase in income leads to an increase in demand B. A situation
4 answers
asked by
Barry Vacker
459 views
How do I calculate the price and quantity being produced in the short run with only the following information?
q = 60 - (1/2)p MC
2 answers
asked by
Terrie
707 views
A change in the quantity demanded of a product is the result of a change in __________.
the price of the product the price of
4 answers
asked by
Angela
970 views
Suppose that when disposable income rises from $5.2 trillion to $6.0 trillion, consumption rises from $5.0 trillion to $5.6
2 answers
asked by
aj
591 views
From the article, “To Understand a Tax on Mexican Imports, Consider the Avocado”:
The article insinuates that domestic (U.S.
1 answer
asked by
Anonymous
387 views
A firm produces 10 units of output at a market price of $7, a marginal cost of $7, and an average cost of $5.
1 answer
asked by
Tee
736 views
Explain the concept of isoquant and work on it's function
2 answers
asked by
Emma lekule
808 views
The accompanying table below shows the demand schedule facing a monopolist who produces at constan marginal cost of $5.
Price
1 answer
asked by
Maria
679 views
Calculate and graph MC and MR
1 answer
asked by
Motshelisi
319 views
Kelly’s utility function is given by U = 5X + 2Y, where MUX = 5 and MUY = 2
I know MRSxy would be 2.5 What is MRSXY when X = 1
1 answer
asked by
Olivia
859 views
define the foollowing term using graph and mathimatical expression/utility,util,iso cost ,indiffrnce cure budet line monopolist
5 answers
asked by
atsede shifera
692 views
A monopolist is deciding how to allocate output between two market that are separated geography.demands for the two markets are
2 answers
asked by
Please Any One Help Me!
715 views
Popcorn and coke are complements because the are often enjoyed together. When the price of coke rises, what happens to the
2 answers
asked by
Sarah
736 views
If an industry is highly profitable, new firms are likely to enter the market. This would be reflected with a shift of the
A-
2 answers
asked by
Lauren
769 views
Prove that the profit maximation of the consume i.e MU=P,according to cardinalist using mathematical derivation.
5 answers
asked by
Anonymous
523 views
Suppose you are the manager of a watch-making firm operating in a comptetive market.You cost of production is given by
3 answers
asked by
Anonymous
1,013 views
What term refers to the total amount of a good or service that is available for purchase?
A. Demand B. Supply C. Scarcity D.
3 answers
asked by
Carla
1,115 views
why supply curve slope upward
2 answers
asked by
kinga
649 views
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