+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
A monopolist is producing a level of output, 80 units, at which price is $12, marginal revenue is $8, average total cost is $14, average variable cost is $5, and marginal cost is #2. Draw a graph of the demand and cost conditions facing the firm.
Microeconomics, Economics
Question: A student makes the following argument: A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive market equilibrium. A price ceiling, though, increases t ...
Question: Outline how neoclassical economists derive the law of demand and then criticize neo- classical consumer/demand theory from a heterodox perspective in light of real world consumer behavior (include Veblen's and ...
Question: The C$ declined an average of more than 3% per year relative to the US$ during the 1990s, yet the inflation rate in Canada was almost 1% lower. Also, Canada has a positive trade balance, compared to the huge US ...
Question: Think of the last two major things you bought. Why did you buy them? What were your opportunity costs in making the purchase? What would have been the opportunity cost, if you had NOT made the purchase? (Not al ...
Question: I own a business that burns a million dollars a year of some fuel, and I cannot easily pass on increases in its price to my customers. Therefore, I trade futures and options to protect myself against increases. ...
Question: In June of 2009 the U.S. House of Representatives passed H.R. 2454, which introduced a "cap-and-trade" system to reduce carbon emissions associated with global warming. The federal government will issue a fixed ...
Question: Suppose that there are two industries, one producing X and the other producing Y, which each use both capital K and labor L in the production process. The marginal rate of technical substitution in the Y indust ...
Question: Apple Computer wants to have $2.1 billion available 5 years from now in order to finance initial production of a device that applies IOT technology for home use. The company expects to set aside uniformly incre ...
Question: Creating a successful sales force requires a good fit with potential and current customers in your target market. Describe the target market for your business and explain how would you use this information to b ...
Question: Making dresses is a labor-intensive process. Indeed, the production function of a dressmaking firm is well described by the equation Q = L - L2/800, where Q denotes the number of dresses per week and L is the n ...
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.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As