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Intermediate macro - Economics

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If D(p) = 100/p and c(y) = y2, what is the optimal level of output ofthe monopolist?
1. 1 answer
2. asked by Evaristi Paulo
3. 146 views
A monopolist is operating at an output level where (€) = 3. The government imposes a quantity tax of $6 per unit of output. If
1. 3 answers
2. asked by Evaristi Paulo
3. 111 views
True or false? Convenience stores near the campus have high pricesbecause they have to pay high rents with reason's
1. 3 answers
2. asked by Evaristi Paulo
3. 151 views
Which of the following are true? (1) Average fixed costs never increasewith output; (2) average total costs are always greater
1. 3 answers
2. asked by Evaristi Paulo
3. 209 views
1. The market demand curve for heroin is said to be highly inelastic. Heroinsupply is also said to be monopolized by the Mafia,
1. 1 answer
2. asked by Evaristi Paulo
3. 105 views
The monopolist faces a demand curve given by D(p) = 100 - 2p. Its costfunction is c(y) = 2y. What is its optimal level of output
1. 1 answer
2. asked by Evaristi Paulo
3. 159 views
The monopolist faces a demand curve given by D(p) =10p^-3 Its costfunction is c(y) = 2y. What is its optimal level of output and
1. 2 answers
2. asked by Evaristi Paulo
3. 154 views
If D(p) = 100/p and c(y) = y2, what is the optimal level of output ofthe monopolist? (Be careful.)
1. 1 answer
2. asked by Evaristi Paulo
3. 74 views
If the demand curve facing the monopolist has a constant elasticity of 2,then what will be the monopolist markup on marginal
1. 1 answer
2. asked by Evaristi Paulo
3. 120 views
The government is considering subsidizing the marginal costs of the monopolist described in the question above. What level of
1. 1 answer
2. asked by Evaristi Paulo
3. 97 views
Show mathematically that a monopolist always sets its price above marginal cost.
1. 1 answer
2. asked by Evaristi Paulo
3. 63 views
True or false? Imposing a quantity tax on a monopolist will alwayscause the market price to increase by the amount of the tax.
1. 1 answer
2. asked by Evaristi Paulo
3. 63 views
Will a monopoly ever provide a Pareto efficient level of output on its own?
1. 1 answer
2. asked by Evaristi Paulo
3. 96 views
Suppose that a monopolist sells to two groups that have constant elasticity demand curves, with elasticity €1 and €2. The
1. 1 answer
2. asked by Evaristi Paulo
3. 105 views
Suppose that the amusement parkowner can practice perfect price discrimination by charging a different price for each ride.
1. 1 answer
2. asked by Evaristi Paulo
3. 107 views
If Sl (p) = p- 10 and S2(p) = p- 15, then at what price does the industrysupply curve have a kink in it?
1. 1 answer
2. asked by Evaristi Paulo
3. 67 views
If Sl (p) = p- 10 and S2(p) = p- 15, then at what price does the industrysupply curve have a kink in it? Use step by step to
1. 3 answers
2. asked by Evaristi Paulo
3. 92 views
In the short run the demand for cigarettes is totally inelastic. In the long run, suppose that it is perfectly elastic. What is
1. 1 answer
2. asked by Evaristi Paulo
3. 134 views
True or false? Convenience stores near the campus have high pricesbecause they have to pay high rents.
1. 1 answer
2. asked by Evaristi Paulo
3. 65 views
True or false? In long-run industry equilibrium no firm will be losingmoney.
1. 1 answer
2. asked by Evaristi Paulo
3. 96 views
According to the model presented in this chapter, what determines theamount of entry or exit a given industry experiences?
1. 1 answer
2. asked by Evaristi Paulo
3. 101 views
In the short run, if the price of the fixed factor is increased, what willhappen to profits?
1. 1 answer
2. asked by Evaristi Paulo
3. 77 views
If a firm had decreasing returns to scale at all levels of output and itdivided up into two equal-size smaller firms, what would
1. 1 answer
2. asked by Evaristi Paulo
3. 94 views
Is maximizing a firm's profits always identical to maximizing the firm's stock market value?
1. 1 answer
2. asked by Evaristi Paulo
3. 100 views
If pMPl > wl, then should the firm increase or decrease the amount offactor 1 in order to increase profits?
1. 1 answer
2. asked by Evaristi Paulo
3. 68 views
A profitmaximizing competitive firm that is making positive profitsin long-run equilibrium (may/may not) have a technology
1. 2 answers
2. asked by Evaristi Paulo
3. 152 views
Prove that a profit-maximizing firm will always minimize costs.
1. 1 answer
2. asked by Evaristi Paulo
3. 109 views
If a firm is producing where MPlIw1 > MPz/wz, what can it do toreduce costs but maintain the same output?
1. 1 answer
2. asked by Evaristi Paulo
3. 60 views
If a firm is producing where MP1/w1 > MP2/w2, what can it do to reduce costs but maintain the same output?
1. 1 answer
2. asked by Evaristi Paulo
3. 83 views
If a firm uses n inputs (n > 2), what inequality does the theory ofrevealed cost minimization imply about changes in factor
1. 2 answers
2. asked by Evaristi Paulo
3. 93 views
True or false? In the long run a firm always operates at the minimum level of average costs for the optimally sized plant to
1. 1 answer
2. asked by Evaristi Paulo
3. 124 views
Utilities function and equitions with the budget constrains
1. 1 answer
2. asked by Evaristi Paulo
3. 47 views
Condition's for maximizing utility functions
1. 1 answer
2. asked by Evaristi Paulo
3. 48 views
A short run equilibriam production function is given as Q= X
1. 1 answer
2. asked by Evaristi Paulo
3. 75 views
A short run equilibriam production function is given as Q= X¹
1. 1 answer
2. asked by Evaristi Paulo
3. 75 views
A short run equilibriam production function is given as Q= X½ were Q is output and X is input.a) is the production function
1. 3 answers
2. asked by Evaristi Paulo
3. 98 views
A short run equilibriam production function is given as Q= X½ were Q is output and X is input.a)Let P represent output price
1. 1 answer
2. asked by Evaristi Paulo
3. 99 views
Clearly distinguish between the following pairs of concepts as used ina economics.a)production possibility set and input
1. 1 answer
2. asked by Evaristi Paulo
3. 71 views
Clearly distinguish between the following pairs of concepts as used ina economics.a)production possibility set and input
1. 1 answer
2. asked by Evaristi Paulo
3. 65 views
Consumer utility function taker the following form. U(X1, X2)=min(aX1, X2) were X is a positive number.a)find consumer demand
1. 1 answer
2. asked by Evaristi Paulo
3. 89 views
Consumer utility function taker the following form. U(X1, X2)=min(aX1, X2) were X is a positive number.a)find consumer demand
1. 1 answer
2. asked by Evaristi Paulo
3. 99 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 107 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 95 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 109 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 71 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 143 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 73 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 89 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 128 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 123 views
Suppose that consumer has utility function U(X1, X2)=X½,X½. He originally face price (1,1) and has income 100. Then the price
1. 1 answer
2. asked by Evaristi Paulo
3. 137 views
An agent consumer quantity (X1, X2) of goods 1 and 2. She has utility U(X1, X2)=X½,X½.a) Derive the MRS
1. 1 answer
2. asked by Evaristi Paulo
3. 73 views
An agent consumer quantity (X1, X2) of goods 1 and 2. She has utility U(X1, X2)=X½,X½.a) Derive the MRS and show your work
1. 1 answer
2. asked by Evaristi Paulo
3. 86 views
Suppose that we were given a utilityfunction U(X1,X2)= X²,X² , What do its indifference curves look like?
1. 1 answer
2. asked by Evaristi Paulo
3. 97 views
If a consumer has a utility function u(x1, x2) = X,X⁴ , what fraction ofher income will she spend on good 2?
1. 1 answer
2. asked by Evaristi Paulo
3. 207 views
Consider the following profit function has been obtained from technology that uses single input.π(P, W)=P²W^B , were P is the
1. 1 answer
2. asked by Evaristi Paulo
3. 73 views
Consider the following profit function has been obtained from technology that uses single input.π(P, W)=P²W^B , were P is the
1. 3 answers
2. asked by Evaristi Paulo
3. 90 views
Consider the following profit function has been obtained from technology that uses single input.π(P, W)=P²W² , were P is the
1. 1 answer
2. asked by Evaristi Paulo
3. 113 views
Consider the following profit function has been obtained from technology that uses single input.π(P, W)=P²W² , were P is the
1. 1 answer
2. asked by Evaristi Paulo
3. 68 views
Consider the following profit function has been obtained from technology that uses single input.π(P, W)=P²W^B , were P is the
1. 1 answer
2. asked by Evaristi Paulo
3. 74 views
An agent consumer quantity (X1, X2) of good1 and 2, she has utility U(X½,X½).a) Derive MRS b) Show the prefernce are convex
1. 1 answer
2. asked by Evaristi Paulo
3. 72 views
An agent consumer quantity (X1, X2) of good1 and 2, she has utility U(X½,X½).a) Derive MRS by calculating clearly b) Show the
1. 1 answer
2. asked by Evaristi Paulo
3. 76 views
A consumer utility takes the following form, U(X1, X2)=min(aX1, X2) were "a" is a positive parameter.a) find consumer demand
1. 1 answer
2. asked by Evaristi Paulo
3. 96 views
A firm has a cost function given by c(y) = 10y2 + 1000. What is itssupply curve?
1. 1 answer
2. asked by Evaristi Paulo
3. 181 views
A firm has a cost function given by c(y) = 10y2 + 1000. What is itssupply curve? Show your work Clearly
1. 1 answer
2. asked by Evaristi Paulo
3. 257 views
A firm has a cost function given by c(y) = 10y2 + 1000. At what outputis average cost minimized?
1. 1 answer
2. asked by Evaristi Paulo
3. 184 views
If the supply curve is given by S(p) = 100 + 20p, what is the formula forthe inverse supply curve?
1. 1 answer
2. asked by Evaristi Paulo
3. 130 views
If the supply curve is given by S(p) = 100 + 20p, what is the formula forthe inverse supply curve? Show your working
1. 1 answer
2. asked by Evaristi Paulo
3. 107 views
A firm has a supply function given by S(p) = 4p. Its fixed costs are 100.If the price changes from 10 to 20, what is the change
1. 1 answer
2. asked by Evaristi Paulo
3. 88 views
A firm has a supply function given by S(p) = 4p. Its fixed costs are 100.If the price changes from 10 to 20, what is the change
1. 1 answer
2. asked by Evaristi Paulo
3. 75 views
If the long-run cost function is c(y) = y2 + 1, what is the long-run supplycurve of the firm?
1. 1 answer
2. asked by Evaristi Paulo
3. 100 views
What is the major assumption that characterizes a purely competitivemarket?
1. 1 answer
2. asked by Evaristi Paulo
3. 69 views
What is economic profits?
1. 1 answer
2. asked by Evaristi Paulo
3. 63 views
If Sl (p) = p- 10 and S2(p) = p- 15, then at what price does the industrysupply curve have a kink in it? Show your working
1. 1 answer
2. asked by Evaristi Paulo
3. 58 views
If D(p) = 100/p and c(y) = y2, what is the optimal level of output ofthe monopolist? (Be careful.)
1. 1 answer
2. asked by Evaristi Paulo
3. 89 views
What cause monopolies?
1. 1 answer
2. asked by Evaristi Paulo
3. 59 views
What is cartel?
1. 1 answer
2. asked by Evaristi Paulo
3. 54 views
If a firm had decreasing returns to scale at all levels of output and itdivided up into two equal-size smaller firms, what would
1. 1 answer
2. asked by Evaristi Paulo
3. 102 views
1. Consider the production function f(x1,x2) =X²,X². Does this exhibitconstant, increasing, or decreasing returns to scale?
1. 1 answer
2. asked by Evaristi Paulo
3. 80 views
Consider the production function f(x1,x2) =X²,X². Does this exhibitconstant, increasing, or decreasing returns to scale? With
1. 1 answer
2. asked by Evaristi Paulo
3. 87 views
Suppose that an economicbproduction function cobb-douglas with parameter alpha = 0.3a) what fraction of income do capital and
1. 1 answer
2. asked by Evaristi Paulo
3. 108 views
Suppose that an economic production function cobb-douglas with parameter alpha = 0.3a) what fraction of income do capital and
1. 1 answer
2. asked by Evaristi Paulo
3. 95 views
Suppose that an economic production function cobb-douglas with parameter alpha = 0.3a) what fraction of income do capital and
1. 1 answer
2. asked by Evaristi Paulo
3. 125 views
Suppose that an economic production function cobb-douglas with parameter alpha = 0.3a) what fraction of income do capital and
1. 1 answer
2. asked by Evaristi Paulo
3. 106 views
Suppose that an economic production function cobb-douglas with parameter alpha = 0.3a)Suppose that immigration increases the
1. 1 answer
2. asked by Evaristi Paulo
3. 94 views
Suppose that an economic production function cobb-douglas with parameter alpha = 0.3a)Suppose that immigration increases the
1. 1 answer
2. asked by Evaristi Paulo
3. 106 views
Your given the firm production function Y= L½ , were Y is quantity of output, L number of labour.a) find production demand
1. 1 answer
2. asked by Evaristi Paulo
3. 96 views
Your given the firm production function Y= L^0.5 , were Y is quantity of output, L number of labour.a) find production demand
1. 1 answer
2. asked by Evaristi Paulo
3. 103 views
If a firm had everywhere increasing returns to scale, what would happento its profits if prices remained fixed and if it doubled
1. 1 answer
2. asked by Evaristi Paulo
3. 95 views
The demand for detergent in Tanzania is characterized by the following functuon P(Q) = 100 - 10Q. Firm A supplies detergent and
1. 1 answer
2. asked by Evaristi Paulo
3. 101 views
The demand for detergent in Tanzania is characterized by the following functuon P(Q) = 100 - 10Q. Firm A supplies detergent and
1. 1 answer
2. asked by Evaristi Paulo
3. 103 views
The demand for detergent in Tanzania is characterized by the following functuon P(Q) = 100 - 10Q. Firm A supplies detergent and
1. 1 answer
2. asked by Evaristi Paulo
3. 96 views
The demand for detergent in Tanzania is characterized by the following functuon P(Q) = 100 - 10Q. Firm A supplies detergent and
1. 1 answer
2. asked by Evaristi Paulo
3. 90 views
The demand for detergent in Tanzania is characterized by the following functuon P(Q) = 100 - 10Q. Firm A supplies detergent and
1. 1 answer
2. asked by Evaristi Paulo
3. 79 views

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