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The demand and supply function of a good are given by
P = -3Qd +100
P =2Qs +50
Where p, Qd and Qs denotes the price, quantity demanded and quantity supplied respectively.
A. Calculate the equilibrium price and quantity.
A new fixed tax of £5 per good imposed by the government.
B. Calculate the new equilibrium price and quantity?
C. Who pays the tax?
Given the above demand equation if fixed costs are 15 and variable costs are 40 per unit.
D. Obtain and expression for profit in term of Q.
E. Sketch a graph for profit against quantity.
F. Find the breakeven point.
G. Find the quantity of products sold that given a profit of 42.
H. Find the maximum profit and the value of Q at which it is achieved.
The demand and supply function of a good are given by
P = -3Qd +100
P =2Qs +50
Where p, Qd and Qs denotes the price, quantity demanded and quantity supplied respectively.
A. Calculate the equilibrium price and quantity.
A new fixed tax of £5 per good imposed by the government.
B. Calculate the new equilibrium price and quantity?
C. Who pays the tax?
Given the above demand equation if fixed costs are 15 and variable costs are 40 per unit.
D. Obtain and expression for profit in term of Q.
E. Sketch a graph for profit against quantity.
F. Find the breakeven point.
G. Find the quantity of products sold that given a profit of 42.
H. Find the maximum profit and the value of Q at which it is achieved.
The demand and supply function of a good are given by
P = -3Qd +100
P =2Qs +50
Where p, Qd and Qs denotes the price, quantity demanded and quantity supplied respectively.
A. Calculate the equilibrium price and quantity.
A new fixed tax of £5 per good imposed by the government.
B. Calculate the new equilibrium price and quantity?
C. Who pays the tax?
Given the above demand equation if fixed costs are 15 and variable costs are 40 per unit.
D. Obtain and expression for profit in term of Q.
E. Sketch a graph for profit against quantity.
F. Find the breakeven point.
G. Find the quantity of products sold that given a profit of 42.
H. Find the maximum profit and the value of Q at which it is achieved.
When mrginal utility becomes zero explain it with the help of graph.
Complying with more stringent environmental regulations increases the firm’s fixed cost from 100 to 144. Would this affect the firm’s output? Its supply curve?
What types of returns to scale does each production function exhibit
Taiwan is the major world supplier of semiconductor chips. A recent earthquake severely damaged the production facilities of the Taiwanese chip producing companies, sharply reducing the amount of chips they could produce.
a. Assume that the total revenue of a typical non-Taiwanese manufacturer rises due to this event. In term of an elasticity, what must be true for this to happen?
b. Illustrate the change in total revenue with a diagram, indicating the price effect and the quantity effect of the Taiwan earthquake on this company’s total revenue.
c. Now assume that the total revenue of the typical non-Taiwanese chip manufacturer falls due to these event. In terms of elasticity, what must be true for this to happen?
d. Illustrate the change in total revenue with a diagram, indicating the price effect and the quantity effect of the Taiwan earthquake on this company’s total revenue.
31. Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of 59 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.
age Petal has paid annual dividends of R0,32, R0,48, and R0,60 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend since its business has levelled off and sales are expected to remain relatively flat. Given the lack of future growth, you will buy this stock only if you can earn at least a 16% rate of return. What is the maximum amount you are willing to pay for one share of this stock today?
Statistics Canada’s analysis of the 2021 Census data includes the following graphic describing the spatial concentration of population in the urban core across urban areas. Develop a theoretical explanation of how density in the centre depends on city size.
