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1. Apple Corporation requires its top managers to own shares of stock in Apple equal in value to three times their annual salary. Explain what problem Apple is trying to solve with this requirement, and explain whether this requirement does indeed solve the problem.
Give an example of any factor that influences the size of multiplier
Compare the perfectly competitive firm and monopolist as to how it makes the following decisions. Hint: use either equations or graphs to illustrate your answer
I. How much to produce
Ii. What to produce
III. Whether or not to shut down in the short run
Iv. What happens in the long run if losses persist
With the aid of a diagram, explain why all giffen goods are inferior but not all inferior goods are given.
a. Why would a firm that incurs losses choose to produce rather than shut down?
b. The supply curve for a firm in the short run is the short-run marginal cost curve (above the point of minimum average variable cost). Why is the supply curve in the long run not the long-run marginal cost curve (above the point of minimum average total cost)?
c. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?
Given the following demand equation P = 60- 2Q and the cost equation TC(q) = 100+3Q2
For the market of shoes
a. If the enterprises in this market take advantages of perfectly competitive market, find the equilibrium outputs and price.
b. If the seller in this market takes the advantages of pure monopoly, find the equilibrium outputs and price.
c. If the seller in this market takes the advantages of oligopolistic market, find the equilibrium outputs and price.
Given the following demand equation P = 60- 2Q and the cost equation TC(q) = 100+3Q2
For the market of shoes
a.If the enterprises in this market take advantages of perfectly competitive market, find the equilibrium outputs and price.
b.If the seller in this market takes the advantages of pure monopoly, find the equilibrium outputs and price.
c.If the seller in this market takes the advantages ofoligopolistic market, find the equilibrium outputs and price.
a. Why would afirmthat incurs losses choose to produce rather than shut down?
b. The supply curve for afirmin the short run is the short-run marginal cost curve (above the point of minimum average variable cost). Why is the supply curve in the long runnotthe long-run marginal cost curve (above the pointof minimum average total cost)?
c. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?
4.Given the following demand equation P = 60- 2Q and the cost equation TC(q) = 100+3Q2
For the market of shoes
a.If the enterprises in this market take advantages of perfectly competitive market, find the equilibrium outputs and price.
b.If the seller in this market takes the advantages of pure monopoly, find the equilibrium outputs and price.
c.If the seller in this market takes the advantages ofoligopolistic market, find the equilibrium outputs and price.
1.Do you know the assumptions which underlay the consumer’s preferences? Explain them.
Given the following information on price of Maize flour (MF) 10$, the price of Rice (R) as 15$ and income of consumer 150$ when the consumer needs to maximize his utility function
Analyze the following graph on consumer behavior, through
a.Explaining the line/curve A and C.
b.Explaining what the movement from point D to B means theoretically, express that movement mathematically.
c.Showing where is the equilibrium of consumer? Explain it.
d.Finding the value of point F and E.
1.a. Why would a firm that incurs losses choose to produce rather than shut down?
b. The supply curve for a firm in the short run is the short-run marginal cost curve (above the point of minimum average variable cost). Why is the supply curve in the long run not the long-run marginal cost curve (above the point of minimum average total cost)?
c. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?
