Learn more about our help with Assignments: Economics
Search & Filtering
A perfect competitive firm has a total revenue and total cost curves given as.TC=100Q and TC =5000+2Q+0.2Q^2 find the profit maximising out of.the firm. What profit does the.firm make?
Other things remaining equal, the law of demand says that higher prices will lead to a
A.
larger quantity demanded and lower prices to a smaller quantity demanded.
B.
smaller quantity demanded and lower prices to a larger quantity demanded.
C.
larger quantity demanded and lower prices to a larger quantity demanded.
D.
smaller quantity demanded and lower prices to a smaller quantity demanded.
A.
larger quantity demanded and lower prices to a smaller quantity demanded.
B.
smaller quantity demanded and lower prices to a larger quantity demanded.
C.
larger quantity demanded and lower prices to a larger quantity demanded.
D.
smaller quantity demanded and lower prices to a smaller quantity demanded.
Explain and provide an example of three types of discrepancies an accounting information system could identify.
You have implemented a new accounting system and your organisation is dissatisfied with the training currently being provided and has decided to make their concerns the subject of a formal complaint. What are the six steps in the negotiation of the remedial action process in their correct order
Economics
In the short run, at a market price of $80 per sweater, this firm will choose to produce10,000 sweaters per day.
On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firm’s profit or loss if the market price is $80 and the firm chooses to produce the quantity you already selected.
Note: In the following question, enter a positive number, even if it represents a loss.
The area of this rectangle indicates that the firm’s would beper day.
On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firm’s profit or loss if the market price is $80 and the firm chooses to produce the quantity you already selected.
Note: In the following question, enter a positive number, even if it represents a loss.
The area of this rectangle indicates that the firm’s would beper day.
Describe the features of cash, revenues and expenditures. Give examples of each category with a linked budget objective.
Economics
A monopolist faces demand curve p = 320 – 12Q. Production cost equals 1000 + cQ. What is
the maximum value of c for which the firm is profitable?
the maximum value of c for which the firm is profitable?
Economics
i have a question:
For a company that manufactures pen, it will have to depend on the manufacturer of ink, refil, body etc to produce the final product called 'pen'. So what are these types of products called?
For a company that manufactures pen, it will have to depend on the manufacturer of ink, refil, body etc to produce the final product called 'pen'. So what are these types of products called?
Suppose Kevin is operating a cake shop at a perfectly competitive market in South Korea and producing at the shutdown point.
a. Draw graphs to show and explain the price and quantity of Kevin’s cakes, as well as his profit.
b. With the graphs drawn in response to question (a), show and explain the long-run adjustment process for Kevin’s cake shop and the cake industry.
a. Draw graphs to show and explain the price and quantity of Kevin’s cakes, as well as his profit.
b. With the graphs drawn in response to question (a), show and explain the long-run adjustment process for Kevin’s cake shop and the cake industry.
Consider a competitive constant-cost industry with many identical firms (i.e. firms with identical U-shaped cost curves). The demand curve in this market is downward sloping and the market is currently in a long-run equilibrium. Assume that there is an increase in demand, ceteris paribus. Compared to the initial long run equilibrium, which of the following statements is true?
A)In the new long run equilibrium price will be higher and each of the firms in the industry will be producing a greater amount of output.
B)In the new long run equilibrium price will be unchanged and each of the firms in the industry will be producing a greater amount of output.
C)In the new long run equilibrium price will be higher and each of the firms in the industry will be earning positive economic profit.
D)In the new long run equilibrium price will be unchanged and each of the firms in the industry will be earning zero economic profit.
A)In the new long run equilibrium price will be higher and each of the firms in the industry will be producing a greater amount of output.
B)In the new long run equilibrium price will be unchanged and each of the firms in the industry will be producing a greater amount of output.
C)In the new long run equilibrium price will be higher and each of the firms in the industry will be earning positive economic profit.
D)In the new long run equilibrium price will be unchanged and each of the firms in the industry will be earning zero economic profit.
