I need each answer please I am only getting one answer if not can you separate the answers. Thank you. Consider a firm with the following production function πΈ = πππππ³ β ππ³ πΒ
a. How many units of labor are needed at that point.
b. Obtain the function of marginal product of labor (ππ πΏ).
c. Graph the production function and the ππ πΏ.
If cost = 1500 + 200Q - Q2 + Q3, then how much is TFC?
Compare with diagram long run equilibrium of firm under perfectly competition and Monopoly market
Consider a firm with the following production function πΈ = πππππ³ β ππ³ πΒ
a. How many units of labor are needed at that point.
b. Obtain the function of marginal product of labor (ππ πΏ).
c. Graph the production function and the ππ πΏ.
Consider the following supply and demand schedule of wooden tables.
a. Draw the corresponding graphs for supply and demand.
b. Using the data, obtain the corresponding supply and demand functions.
c. Find the market-clearing price and quantity.
Price per thousand Supply Demand
2 96 110
4 196 190
6 296 270
8 396 350
10 496 430
12 596 510
14 696 590
16 796 670
18 896 750
20 996 830
In a competitive market, supply and demand decrease simultaneously. The effect on equilibrium quantity is
If the demand for motor vehicles decreases due to a drop in consumer income, and if, at the same time, increases in factor prices cause the supply of motor vehicles to decrease, the price of motor vehicles will
A technological advancement for Good A will shift the _________ curve of Good A to the _________, leading to aΒ ___________in the equilibrium price.
A firm operates in aperfectly competitive market . The market price of it's product is 4 birr and the total cost function is given by TC=1/3Q^3-5Q^2+20Q+50,Where TC is the total cost and Q is the level of output
A. What level of output should the firm produce to maximize it's profit ?
B. Determine the level of profit at equilibrium ?
C. What minimum price is required by the firm to stay in the market ?
The Organisation of Petroleum Exporting Countries (OPEC) is an example of which
form of market structure? Discuss its characteristic features.