Microeconomics Answers

Are there any advantages to a single market seller and how do they compare to its perceived disadvantages.

Illustrate and explain using diagrams how a single seller within the market can maintain an inefficient allocation of resources

Explain why exploitation of common access resources such as uncontrolled hunting might pose a threat to sustainability

A company manufactures and sells bar stools. Manufacturing costs consist of a fixed cost of R 25000 per month and a variable cost of R350.00 per unit. Each unit is sold at R600.00. determine the linear profit equation and what is the break even level. assignment experts

How to determine the profit maximizing price and quantity for a single price monopolist ? Using ATC as Average total cost, P as price and MC as Marginal cost ?

Assuming a constant wage rate, illustrate and explain using a diagram, how a firm’s marginal cost of production are at a minimum when its marginal product is at a maximum?

you are examining and reporting on the market performance of a very small number of firms that are known to often collide in setting output prices and quantities. Illustrate and explain using a diagram what affects this behavior is most likely to have on the allocation of factors of production?

a) Illustrate and explain using diagrams how a single seller within a market can maintain an inefficient allocation of resources.

what market structure is used to bench mark allocative allocative efficency and why we use it? using diagram

With relevant data explain how a firm maximises profits