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Microeconomics
Page 9
Questions (1,509)
What would happen to the price of cheeseburgers if the price of cheese went up? What would happen to the supply curve, demand
2 answers
asked by
Renee
514 views
The demand curve for a monopoly is:
1. the MR curve above the AVC curve. 2.above the MR curve. 3.the MR curve above the
1 answer
asked by
Todd
823 views
a watch making firm operating in a competitive market.given by c= 100+ q2., where q is the level of output & c is total cost.
a.t
3 answers
asked by
Anonymous
681 views
demands for the two markets are p1 = 15 _ q1 & p2= 25-2 q2. the monopolist`s tc is c = 5+3(q1+ q2). what are price,
2 answers
asked by
tewodros
571 views
prove that the slope of indifferenc curve is equal to budget line?
1 answer
asked by
tewodros
305 views
Constrained factor of demand
3 answers
asked by
Jr
31 views
UnConstrained factors of demand
3 answers
asked by
Jr
25 views
Expain the profit maximation codition of plant monoplist
1 answer
asked by
Anonymous
330 views
prove the profit maximaization of the consume i.e mu=p, according tocardinalist using mathmaticale derivation
4 answers
asked by
Anonymous
398 views
How to calculate price elasticity supply
2 answers
asked by
Tawanda
630 views
Macro Sound's is a monopolistic firm of producing headphones. Fixed daily cost of production is $1800. The production of each
1 answer
asked by
huang
465 views
Central Crude Oil is a crude oil monopoly in a market. The following table shows the liner demand schedule of this firm which
2 answers
asked by
Carina
529 views
18. The law of __________ describes the relationship between prices and demand.
(1 point) Responses equilibrium equilibrium
3 answers
asked by
//////////////////////////////////////////////////
42 views
LTC=2q-2q^2+q^3
Demand p=100-q Determine the long run equilibrium Price Representative firm's output(q) Industry output q and
4 answers
asked by
Daniel
510 views
A monopoly can produce any level of output it wishes at a constant marginal (and average) cost of $5 per unit. Assume the
2 answers
asked by
Samira
1,081 views
College Enrollment and Apartment Prices. Consider a college town where the initial equilibrium price of apartments isβ $400
2 answers
asked by
tracie ingram
649 views
A firm has an inverse demand function P = 30 β 2Q. It has a fixed cost of 50, and a per unit variable cost of 5. This firm
1 answer
asked by
Emily Dickinson
419 views
Consider a single price monopoly that faces a market demand curve for a good is given by the equation π=100β.1π and the
1 answer
asked by
Ella
471 views
find the competitive price and quantity (as if the above marginal cost curve represents the market supply curve. given the
1 answer
asked by
sam
449 views
A firm produces red and blue bobbleheads. It can sell red bobbleheads for
$20 - Q_r/2000 a piece And blue bobbleheads for $17 -
1 answer
asked by
ECOstressed
371 views
Given π1 = 26 β 35π1 + 2π2 + 0.01πΌ , where π1 is the price of good 1, π2 is the price of good 2, and πΌ is
3 answers
asked anonymously
43 views
Part III: Calculate the Following Questions by Using the Necessary Steps
(4 pts each) 1) A monopolist is deciding how to allocate
6 answers
asked by
Belete
589 views
How do you think the Demand and Supply patterns have changed in the United states since 2008 when the recession started?
2 answers
asked by
Dela
606 views
What are relative prices?
3 answers
asked anonymously
27 views
Suppose a chemical company is in a perfectly competitive industry and has a short run total cost curve of TC = q3 + 5q2 + 10q +
3 answers
asked by
Samuel
943 views
Is price increase the correct decision to raise revenue?substainate ur answer using price elasticity of demand and income
2 answers
asked by
Lerato
613 views
The law of supply implies that the supply curve is
3 answers
asked anonymously
29 views
Evaluate the various factors that affect the price elasticity of demand?justify your answer
1 answer
asked by
Setumbo
420 views
Question One:
Assume Susan has $80 to spend on candies and chips each week and both goods must be purchased whole units (no
1 answer
asked by
KERRY
581 views
PLEASE ANSWER THIS!
Consider the problem of a monopolist that sells its product on two different markets m, with m=1,2. Each
2 answers
asked by
John Milliband
563 views
A company finds that producing 12 items costs $31, while producing 7 items costs $25.
What's the company's marginal cost?
1 answer
asked by
Stephanie
491 views
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 4L^1/2 + K
Suppose w =
1 answer
asked by
Sara
503 views
Will a tax on oil production affect the supply or the demand for gasoline? Why? Which determinant of demand or supply is being
1 answer
asked by
Moses
427 views
Given the following information, answer the following:
TR=$3Q TC= $1,200 = $2Q 1. what is the break-even level of output? 2. If
1 answer
asked by
Rald
361 views
A small recording studio that produce its own records is able to press 100 records a day for a profit of $3.60 per record. If a
1 answer
asked by
Lala
366 views
1
THE COPPERBELT UNIVERSITY SCHOOL OF BUSINESS BSP 110 PRINCIPLES OF ECONOMICS 2015 ASSIGNMENT DUE DATE: 4th January 2016 at 10am
1 answer
asked by
jojo
471 views
1
THE COPPERBELT UNIVERSITY SCHOOL OF BUSINESS BSP 110 PRINCIPLES OF ECONOMICS 2015 ASSIGNMENT DUE DATE: 4th January 2016 at 10am
2 answers
asked by
jojo
800 views
q = 5,000 - 100p
tc= 10,000 - 10q plot the demand curve marginal revenue curve marginal cost curve profit maximising price,
1 answer
asked by
jojo
440 views
Calculate the price elasticity of demand between $110 and $130.
3 answers
asked by
RASHAWN
497 views
Samsung has a constant marginal cost of 20 and that market demand is given by Q= 600-5P. Find its optimal price and output and
1 answer
asked by
diana ngari
393 views
Given the following TR and TC function of a firm:
_ 0.9 10 5 3 1 22 0.5 2 3 2 TR ο½ Qο Q and TC ο½ Q Q ο« Qο« a) Determine
1 answer
asked by
Maru
373 views
My homework question says " what is the opportunity cost of good x in term of y, when production is shifted from point b to c
1 answer
asked by
Pavleen
476 views
How do Positive and Normative Economics affect decision-making?
2 answers
asked by
Anonymous
557 views
With Mordern Views, What Is The Interdependence Between Micro-economics And Macro-economics According To Leon Warlas And Coronet
2 answers
asked by
Barnabas
589 views
What's elasticity?
2 answers
asked by
Sm
462 views
Popcorn and coke are complements because the are often enjoyed together. When the price of coke rises, what happens to the
3 answers
asked by
Lili
745 views
Maxine's Cookie Shop sells chocolate chip cookies in a perfectly competitive market for $2 per dozen. Maxine currently produces
1 answer
asked by
Krishae
340 views
In a _________, consumers ultimately decide what should be produced.
1 answer
asked by
Tara
329 views
The income elasticity for most staple foods, such as wheat, is known to be between zero and one.
As incomes rise over time, what
2 answers
asked by
JIM
1,092 views
Articulate the economic relevance of Hicksian separation of substitution and income effect on various economic agents
1 answer
asked by
cutiefeyi
451 views
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