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9.A monopoly damages consumer welfare by[1] producing few quantities of the good.[2] charging a price equal to the marginal cost.[3] increasing the need to acquire credit for maintaining the standard of living.[4] isolating other producers with similar products.10.Which of the following statement(s) is/are correct about a monopolistic firm?[1] The demand for goods is the same as average cost.[2]The firm may be characterised by a price discriminating strategy.[3] The products produced in the market are similar.[4] The firm exists in a perfect information industry.Scenario 1 for questions 11 and 12A monopolist faces the following demand curve, marginal revenue curve and total cost curve for its product:Q = 400 -2PMR = 200 -QTC = 10Q11.Refer to scenario 1. What is the profit-maximising level of output?[1] 0[2] 10[3] 190[4] 200[5] 400
A publishing company plans to publish a book. From the sales data of other publisher of similar books, it works out the demand function for the book as:
Q = 5000 – 5P
Find out
i) Demand curve
ii) Number of book sold at P = Rs. 25
iii) Price for selling 2500 copies
iv) Price for zero sales
Elasticity for fall in price from Rs. 25 to Rs. 20
Now indicate on your graph and explain the effect of a decrease in the price of biltong on consumer equilibrium.
Write a mathematical equation that illustrates consumer equilibrium for Johannes.
Kembang has 6 bags of sweet potato and 18 bagels. Tam Tam, on the other
hand, has 16 bags of sweet potato and 8 bagels. Kembang’s marginal rate of
substitution (MRS) of potatoes for bagels is 6 and Tam Tam’s MRS is equal
to 4. Draw an Edgeworth box diagram to show whether this allocation of
resources is efficient. Justify your answer with an economic suggestion.
Please give full explaination especially regarding the efficiency of the resources. thank you!
Assume there is a well known terrorist group with strong ties to a government that is not friendly to the United States. The terrorist group has agents within the United States. The intelligence community is monitoring the activities and communications of those agents. U.S.government officials learn that the group is planning to use large quantities of small, autonomous drones aircraft in a swarming attack to try to damage a nuclear power plant near the U.S.-Canada border. Is this a matter of National security, homeland security or both? Does it matter what label this situation is given? Is the U. S. Security policy sufficiently well developed in order to allow government agencies to respond to the threat? In what ways could the policy be improved? What are the main constitutional and legal principles governing how U.S. government agencies can react in this situation? Other than security policy, what other National policies are implicated by this situation and joe. Be specific.
What are the advantages of not publicly disclosing a security strategy or of withholding portions of a strategy due to the classified nature of the information? What are the disadvantages?
Indentify three factors that are likely to affect the price elasticity of supply for rice.
The economy's current rate of interest is 10 percent and a firm has NS1000 of owner invested capital is total revenue is NISS000 and the firm's explicit costs are NES3500 . From this we know that this fe's accounting profit is NIS11.500 .
There are 10,000 identical individuals in the market for commodity X, each with a demand
function Q = 12—2P, where Q is the quantity of X demanded, and P is the price of X, and 1,000
identical producers of commodity X, each with a supply function given by Q=20P, where Qis —
Quantity of X supplied, and P is the price of X.
A. What happens if, starting from the position of equilibrium, the government imposes 2
price ceiling of Rs.2/-on commodity X?
1. Should a producer, facing a negatively sloped demand curve for the commodity sold, operate in:
the inelastic range of the demand curve?
2. If the market demand for agricultural commodities is price inelastic, would a bad harvest
an increase or a decrease in the incomes of farmers (as. a group)?
Find the price elasticity of demand for the demand curve Q= ap-b?
3. The price elasticity of demand for a demand curve is the same for every level of p
of the demand curve would be Q=aP-b where a and b are the parameters of the curve?
There are 10,000 identical individuals in the market for commodity X, each with a demand
function Q = 12—2P, where Q is the quantity of X demanded and P is the price of X, and 1,000
identical producers of commodity X, each with a supply function given by Q=20P, where Qis —
quantity of X supplied and P is the price of X.
a. Find the market demand and market supply function for commodity X.
b. Obtain the equilibrium price and equilibrium commodity of X.
c. Calculate the own-price elasticity function (in terms of price) for both the market
demand curve and the market supply curve. Using these functions, calculate the
own-price elasticity of demand and supply at the point of equilibrium.
d. Calculate the consumer surplus and the producer surplus at equilibrium?
e. What happens if, starting from the position of equilibrium, the government imposes 2
price floor of Rs.4/- on commodity X?
