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Microeconomics
Page 7
Questions (1,512)
What is Pareto inefficiency?
1 answer
asked by
Elias
108 views
A monopolist's demand fQuestion 1.
unction is given as Y=2000-10K, where Y is the quantity of output produced and sold and K is
1 answer
asked by
YERUSALEM SIMON KAHEMELA
89 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 answer
asked by
Evaristi Paulo
77 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 answer
asked by
Evaristi Paulo
92 views
A firm has a cost function given by c(y) = 10y2 + 1000. What is its
supply curve?
1 answer
asked by
Evaristi Paulo
186 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 answer
asked by
Evaristi Paulo
76 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 answer
asked by
Evaristi Paulo
89 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 answer
asked by
Evaristi Paulo
77 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 answer
asked by
Evaristi Paulo
115 views
Condition's for maximizing utility functions
1 answer
asked by
Evaristi Paulo
50 views
If a firm uses n inputs (n > 2), what inequality does the theory of
revealed cost minimization imply about changes in factor
2 answers
asked by
Evaristi Paulo
99 views
Prove that a profit-maximizing firm will always minimize costs.
1 answer
asked by
Evaristi Paulo
110 views
If a firm had decreasing returns to scale at all levels of output and it
divided up into two equal-size smaller firms, what would
1 answer
asked by
Evaristi Paulo
99 views
In the short run, if the price of the fixed factor is increased, what will
happen to profits?
1 answer
asked by
Evaristi Paulo
82 views
True or false? In long-run industry equilibrium no firm will be losing
money.
1 answer
asked by
Evaristi Paulo
102 views
Suppose that a monopolist sells to two groups that have constant elasticity demand curves, with elasticity €1 and €2. The
1 answer
asked by
Evaristi Paulo
111 views
Show mathematically that a monopolist always sets its price above marginal cost.
1 answer
asked by
Evaristi Paulo
68 views
If D(p) = 100/p and c(y) = y2, what is the optimal level of output of
the monopolist? (Be careful.)
1 answer
asked by
Evaristi Paulo
78 views
2= Assume a firm operating under perfectly competitive market structure has a total cost function of TC=72+4Q+2Q^2. If the
1 answer
asked by
Mo Amein
250 views
What is a person or business that buys, or consumes, goods or services called?
Demand Consumer Supply Producer
3 answers
asked anonymously
39 views
Answer to scarcity and choice?
1 answer
asked by
Imperial
76 views
A monopolist faces a demand of Q = 14 - P, where P is price. The firm has chosen to produce exactly 4 units of Q. Assume
1 answer
asked by
Mary
56 views
According to the law of demand, what role do low prices serve for buyers?
1 answer
asked by
lily
225 views
How excatly do you find the point of consumption on a CPF? Is it simlar to finding the point of production on a PPF?
1 answer
asked by
anon
71 views
The law of __________ describes the relationship between prices and demand.
1 answer
asked by
Strawberry Crepe
86 views
Calculate the long ran equilibrium output of each dupoly,market price, ,and economic profits of each firm and the industry
1 answer
asked by
Yado
70 views
How does scarcity affect the choices a business makes
1 answer
asked by
Aprilbrat
101 views
Suppose you are the manager of a watch- making firm operating in a competetive marke, your cost of production is given by
1 answer
asked by
Yonas Admasu
73 views
determine the cost minimizing level of out put
1 answer
asked by
Abdurahmaan
45 views
What is marginal cost?
1 answer
asked by
Tesfaye
59 views
5. Consider that DH DADA Corporation well known is steel production. The corporation hires an economics to determine the demand
1 answer
asked by
Anonymous
222 views
how to improve What is the income elasticity of car as per capital income increases from, $10,000 to $11,000? The demand for car
1 answer
asked by
melaku
253 views
Assuming a profit function as p=90-2q and the cost function as c=10+0.5q2.find the profile maximization output and price
1 answer
asked by
Anonymous
133 views
What is the income elasticity of car as per capital income increases from, $10,000 to $11,000? The demand for car as a function
1 answer
asked by
Tadiyos
215 views
suppose x=9000-30p and Tc =90000+30x then find?
1. marginal revenue and Average revenue 2. total revenue function 3. marginal
1 answer
asked by
bush
175 views
the monopolist face the denand function and cost function as Q=10p^3 and Tc=2Q Determin Short Run Obtimal Outpt Price and profit
1 answer
asked by
behaylu
114 views
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.
1 answer
asked by
JENALYN
195 views
.1 Given the cost function of a firm as: C = 128 – 6Q + 2Q3 + 3Q2, Compute the following
A. TFC B. TVC of producing 4 units C.
1 answer
asked by
sudia
299 views
What might an increase in the price of a good or service encourage producers to do?
A). decrease their quantity supplied B).
1 answer
asked by
Destiny
178 views
.Given the marginal cost function of a producer as MC=3Q+4Q-4. Find the output level that minimizes the cost of the producer
3 answers
asked by
DAVID
383 views
Assume that you have a market where the demand curve is P=100-4Q .Assume also that all firms produce the good using constant
1 answer
asked by
Anonymous
320 views
(30 points)
The demand for lithium is given by P = 500 – 0.2L, where L is the quantity of mined lithium and P is the price.
1 answer
asked by
Kiddiya
261 views
An industry currently has 100 firms, each of which has fixed cost of $16 and average
variable cost as follows: Quantity Average
1 answer
asked by
Mohammad Naimur Rahman
683 views
show the answer for given the demand curve of the monopolist q=30-0.3p,and given the cost function c=2q2 +20q+10, a. find profit
1 answer
asked by
so
229 views
The Price Elsticity Demand at Equlibrium and intrpret it
1 answer
asked by
Afework
143 views
determine how each of the following price change will affect the total revenues received by a seller. In other words, will they
1 answer
asked by
Zu
212 views
P=100-30+4A1/2 and TC=4Q2+10Q+A Where p= Price ,Q=quantity , A=advertising
a) Find the equilibrium of quantity and advertisement
4 answers
asked by
tesfu
333 views
1. A firm produces a product in a competitive industry and has a short-run total cost function C(q) =4q2+16.
a. Derive the supply
1 answer
asked by
yonashordofa1417
436 views
if the total cost function of a firm under perfectly competitive market is given by: TC= 3Q2 + Q + 90. then find the optimum
3 answers
asked by
gabuna
414 views
The market for take-away curries in an area is governed
by the following demand and supply equations: QD = 500 - 50P QS = -150 +
1 answer
asked by
Chi
286 views
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