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Question Subject Due Date No. of Tutorials Closed Price
A monopolist firm faces a demand with constant
1) A monopolist firm faces a demand with constant elasticity of -2.0.-2.0. It has a constant marginal cost of $20 per unit and sets a price to maximize profit. If marginal cost should increase by 25 p …
Economics / General Economics 2017-11-22 1 Yes $8.00
ECO 10350 - Suppose that the behavior of households and firms
Suppose that the behavior of households and firms in an economy is determined by the following equationsC=50+0.9YIi(intended investment)=50Answer the following questions, using algebraic manipulations …
Economics / General Economics 2017-11-22 1 Yes $5.00
A firm faces uncertain revenues and uncertain costs
5. A firm faces uncertain revenues and uncertain costs. Its revenues may be$120,000, $160,000, or $175,000, with probabilities .2, .3, and .5, respectively. Its costs are $150,000 or $170,000 with cha …
Economics / General Economics 2017-11-22 1 Yes $6.00
ECONOMICS 2001 - List Three Public Policies that can facilitate
List Three Public Policies that can facilitate economic growth in an economy, provide an example to clearly illustrate how each policy can facilitae economic growth …
Economics / General Economics 2017-11-22 1 Yes $5.00
What are the right decisions to make when MR > MC
What are the right decisions to make when MR > MC? (Check only the valid choices)? Produce more? Produce less? Sell more? Sell less? Increase price? Reduce priceIf the price elasticity …
Economics / General Economics 2017-11-22 1 Yes $5.00
ECON 1200 - Steel City Cruise is acting as a monopolist
Steel City Cruise is acting as a monopolist. Market demand for cruises is given by the equation P = 1000 - Q and the total cost function for the monopolist is given by TC = 1000 + 100Q + (1/2)Q2. What …
Economics / General Economics 2017-11-22 1 Yes $5.00
Explain how the long run differs from the short run
1. Explain how the long run differs from the short run in pure competition.2. Explain how the entry and exit of firms affects resource flows and long-run profits and losses. …
Economics / General Economics 2017-11-22 1 Yes $4.00
ECON 2311 - How serious is the public debt situation
1. How serious is the public debt situation in the USA?2. If we paid off the debt would that solve most of our other economic problems, such as unemployment?3. How should we approach balancing our bud …
Economics / General Economics 2017-11-22 1 Yes $15.00
ECON 3305 - Suppose a firm is hiring 20 workers at a wage
Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600.Fill in Multiple BlanksIf roundi …
Economics / General Economics 2017-11-22 1 Yes $16.00
ECONOMICS 100 - In the past, the single largest
"Inflation"In the past, the single largest asset a person or family owned was their home. However, since the Great Recession and the bursting of the housing bubble in 2007, many families consider owni …
Economics / General Economics 2017-11-22 1 Yes $7.00
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