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a manufacturer estimates that D(p) = 3000e^-0.05p units of a particular good will be sold at market price of p cedis per unit. determine the market price that will result in marginal revenue of zero
a manufacturer estimates that D(p) = 3000e^-0.05p units of a particular good will be sold at market price of p cedis per unit. determine the market price that will result in marginal revenue of zero.
Market research has revealed the following information about the market for chocolate
bars: The demand schedule can be represented by the equation QD = 1,600 – 300P, where
QD is the quantity demanded and P is the price. The supply schedule can be represented by
the equation QS = 1,400 + 700P, where QS is the quantity supplied. Calculate the equilibrium
price and quantity in the market for chocolate bars.
- which of the following options is positive Economics based upon?
a. ethics
b. value judgement
c. public opinion
d. facts
Who has written the Economic of Welfare?
Hotel rooms in Smalltown go for $100, and
1,000 rooms are rented on a typical day.
a. To raise revenue, the mayor decides to charge
hotels a tax of $10 per rented room. After
the tax is imposed, the going rate for hotel
rooms rises to $108, and the number of rooms
rented falls to 900. Calculate the amount of
revenue this tax raises for Smalltown and the
deadweight loss of the tax. (Hint: The area of
a triangle is 1⁄2 3 base 3 height.)
b. The mayor now doubles the tax to $20. The
price rises to $116, and the number of rooms
rented falls to 800. Calculate tax revenue
and deadweight loss with this larger tax. Do
they double, more than double, or less than
double? Explain.
If the price of a printer rise from $20 to $80 while all other influence on buying plans are unchanged the quantity of printers demanded_
Discuss the economic significance of land
Why is it difficult to change the real capital
Why is capital formation important to the South African economy
