Search & Filtering
The market for a certain good is expressed as; 𝑄𝑠 = 𝛼0 − 𝛼1𝑃𝑡 + 𝛼2𝑋𝑡 + 𝑈1𝑡 𝑄𝑑 = 𝛽0 − 𝛽1𝑃𝑡 + 𝑈2𝑡 𝑄𝑠 = 𝑄𝑑 = 𝑄𝑡 4 Where 𝑄𝑠 and 𝑄𝑑are quantity supply and demand respectively. Derive the reduced form equation of 𝑄𝑡
How much economic profit a firm can earn in comitative environment?
In this statement correct that laizze faire purely capitalist economy will consistently give result in economically effective distribution of resources? if yes explain why?
STATEMENT OF CHANGES IN EQUITY
PRACTICE SET 29
- The Retrieval Company has the following changes in equity items in year-end 2020.
- Kindly prepare the SCE of the company which is owned by Ms. Charlott
Balance on January 1, 2020= ₱ 550,000
March 31: The entity earned a total of ₱ 250,000 for its first quarter of operations
June 30: The owner withdraws money worth ₱ 300,000
July 28: Ms. Charlott, the owner, invests a total of ₱ 920,000 worth of equipment in the entity.
September 22: The entity earned a total of ₱ 450,000
December 31: Total expenses paid at year-end amounts to ₱ 380,000
The owner withdraws 500,000 from the business
Balance on December 31, 2020=?
his employer provides the following perquisites:
A rent free furnished house in cochin: 41000
Lease rent of unfurnished house
Cot of steel furniture provided( written down value Rs.12,000, steel furniture is provided through the previous year) : 14000
Rent of furniture provided (rent in yet to be paid by employer): 17000 Motorcar expenditure of the employee (reimbursed by employer):6000
Determine the value of the perquisites in respect of rent-free furnished house if: (a)X is an officer of the Government of West Bengal and Rs. 18 000 is licence fee of the unfurnished house as per the State Government Rules, (b) X of the Indian Airlines, and (c) X is managing director of a private sector company .
Assume the following demand and cost function of a monopolistically
competitive firm:
P = 100 − 0.2Q
TC = 30Q − 5Q
2 + Q3
i. Determine the long run equilibrium price and output of a
monopolistically competitive firm.
ii. How is monopoly solution (price and output) different from that of
monopolistic competitive solution (price and output)?
iii. Find out the perfect competitive solution (price and output) and
compare the results with monopoly and monopolistically
competitive solution (price and output)
iv. Why do results vary from perfect competition to monopolistic
competition to monopoly?
Given C =
𝑥3
3
– 3x2 + 9x + 16 and R = 21x – x2, does the producer sell in a
monopolistic or a competitive market ? Find the output for maximum revenue. What
is the maximum value of R?
