To: Economyst - Can you please help?
First, lets re-write the demand equations, to be P=f(Q). First class: Pa = 4200 - 2Qa MRa = 4200 - 4Qa Excursion: Pb = 2200 - .25*Qb MRb = 2200 - .5*Qb a) set MC = MR in each equation, then solve for Qa and Qb. I get Qa=1000, Qb=4000. Ergo, Pa=2200, Pb=1200. b) Undoubtedly, th...
Business
Advantages. 1) You get to ask exactly what you want, 2) you can control measurement error, 3) you have proprietary ownership. disadvantages, 1) Its a whole lot of work; a good survey design is lot more difficult than it looks. 2) unless you have a reputation for survey work, y...
Macroeconomics
I presume that AE means aggregrate expenditure. I gotta go with a). If net exports is always zero, the aggregate expenditure should not change a bit.
Managerial Economics
Hiring a printer for $20 means getting 20 more books, or $1 per book. Adding a press for $5000 means getting 1000 books or $5 per book. Hmmmmm, What do you think the publisher should do??
Economics
What is their basic economic questions??
To: Economyst
a) could be short run, could be long run. Not enough information to tell. b) MC is the first derivitive of the Total Cost. So, MC = 2*Q c) Fixed cost are cost that the firm incurs, regardless of the level of production. In your problem, FC=100. d) maximize where MC=MR. Here 2*...
To: Economyst
OK, lets start with the conventional shapes of the MC and AVC curves. The AVC curve has a U shape to it. At low levels of production, the firm can enjoy some returns to scale. But after a while, the law of diminishing returns kicks in, and costs begin to rise. This latter effe...
Economics/Math
take a shot, what do you think. Hint: true, true, true
Economics/Math
Take a shot, what do you think? query. By Q2, do you really mean Q^2?
economics
Try here for US banks in the Federal banking system: http://www.federalreserve.gov/monetarypolicy/reservereq.htm State-chartered banks have their own requirements, which vary by state -- good luck with that
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