Assume your elasticity of demand for your parking spaces is, Ask an Expert

Economics

Q1. If cost is C=50+5Q Illustrate what is the optimal number of firms in the marketplace?

Q2. 12-4 Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing?

Q3. Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of breads at .50 every loaf and 2 bottles of wine for 9 every bottle. In Year X bread cost is .75 every loaf and wine cost is 10.00 every bottle. The CPI for Year X (using at 1982 base year is.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9168064

Have any Question?Write your Review or question?

Related Questions in Business Economics

A coffee manufacturer is interested in the mean daily

A coffee manufacturer is interested in the mean daily consumption of regular-coffee drinkers and decaffeinated coffee drinkers. The random sample of 50 regular-coffee drinker show a mean of 3.84 cups per day. A sample of ...

If unemployment rate is 55 and underemployed unemployed and

If unemployment rate is 5.5% and underemployed, unemployed and discouraged workers is 8.4%. What is % of underemployed and discouraged. Is it as easy as just 8.4-5.5?

The first part of the question is how do you determine if a

The first part of the question is how do you determine if a data set is normally distributed? The second part of the question is what is the Z score and how is that related to the distribution.

The time needed to complete the final exam for math 106 is

The time needed to complete the final exam for Math 106 is normally distributed with a mean of 75 minutes and a standard deviation of 10 minutes. For each question below, draw, label, and shade the area that you are inte ...

Suppose a countrys real gdp is 18 trillion andnbspthat

Suppose a country's real GDP is $18 trillion and that population is 300 million. Instructions: Enter your answers as whole numbers. a. What is this country's real GDP per capita? Suppose that during the next 10 years, r ...

We have bottles of milk that have a mean of 20 oz and

We have bottles of milk that have a mean of 20 oz and standard deviation of 0.02. What is the probability that a bottle would have a mean of more than 20.3 oz?

Why does some workers earn higher wages than others some

Why does some workers earn higher wages than others, some landowners higher rental income than others, and some capital owners greater profit than others? (Example)Why, in particular, do computer programmers earn more th ...

Under the trade model with external economies of scale is

Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.

Sally purchases hardwood lumber for a custom

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...

Matt sells watermelons on the side of the road the weight

Matt sells watermelons on the side of the road. The weight of a watermelon has a normal distribution with mean = 9.5 lbs and the standard deviation = 4 lbs. If he loads 100 watermelons on to his truck, what is the probab ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert