Other Economics Answers

Assuming the supply function is given as: Qs=+5P Determine the quantity

supplied of fish in kilos at a given prices

Price of Fish (per Kilo) Supply (in kilos)

P 20

40

60

80

100

Illustration:

Given:

Required:

Solution:

 A monopolistic producer of two goods, G1 and G2, has a total cost function

TC = 5Q(1) +10Q(2)

where Q(1) and Q(2) denote the quantities of G1 and G2 respectively. If P1 and P2 denote the corresponding prices then the demand equations are

P(1) = 50 - Q(1) - Q(2)

P(2) = 100 - Q(1) - 4Q(2)

Find the maximum profit if the firm's total costs are fixed at $100. Estimate the new optimal profit if total costs rise to $101.

There are two workers. Each worker’s demand for a public good is P = 20 - Q.

The marginal cost of providing the public good is $24. The accompanying graph summarizes the relevant information.

a. What is the socially efficient quantity of the public good?

b. How much will each worker have to pay per unit to provide the socially

efficient quantity?

c. Suppose the two workers contribute the amount needed to provide the quality of public good you identified in parts (a) and (b). A third worker values the public good just like the two contributing workers, but she

claims not to value the good because she wants to “free ride” on the pay-

ments of the other two workers.

(1) Given the three workers’ true demands for the public good, is the amount

of the public good provided by the two workers socially efficient?

(2) Compare the level of consumer surplus enjoyed by these three workers.

Which worker(s) enjoys the most surplus?

A. Create a table of Production Schedule for Output X with Variable Labor Input using the Marginal Product Form.

mention the three main rating agencies

1. Mention any 5 concepts used interchangeably with lending rate, strict monetary policy and accommodative monetary policy

If current price of stock is $25 and you hold it for one year and received dividend of $2.5. You sold it at $27. How much return you received? Show dividend yield and capital gain separately.

1: Why do some countries make rapid progress toward development while others remain desperately poor?

Examples of monopoly products in Ebay, Amazon and Lazada Philippines

what was the basis for and the pattern of trade according to adam smith? how were gains from trade generated? what policies did Smith advocate in international trade? what did he think was the proper function of government in the economic life of the nation?