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Explain why in the short run, the equilibrium price of the perfectly competitive firm is
equal to marginal cost and in the long run, equilibrium price is equal to marginal cost as well as
average cost of the firm.
Give an example of an opportunity cost that an accountant might not count as a cost. Why
would the accountant ignore this cost
On Sunday, Sunil went to the D-Mart with his family. All the family members of Sunil buy many items as per their need. At the payment counter Sunil paid 5000 Rs. After payment Sunil came home and now, he wants to analyse the top three item he bought from the D-Mart. You need to write a python function Top_Price(A)which takes a dictionary containing all items with their prices and return a string containing top-3 item names and their prices as shown in the example
Example-1
Example-2
Input:
{'item1': 45.50, 'item2':35, 'item3': 41.30, 'item4':55, 'item5': 24}
Output:
item4-55
item1-45.5
item3-41.3
Input:
{'item1': 105.50, 'item2':325, 'item3': 411.30, 'item4':5.4, 'item5': 24.7}
Output:
Item3-411.30
Item2-325
Item1-105.50
Qd = 180 – 2P
Qs = - 15 + P
If a tax of Rs 2/unit is imposed on sellers, calculate the effect on the price paid by buyers
and price received by sellers. Demonstrate that the effect would be unchanged if the tax
had been imposed on buyers instead of sellers. (2+2.75 +3)
Suppose the government imposed a price floor on the rental price of labor higher than
equilibrium price. How does this affect the market for labor?
How does increase in the price of sugar affect the equilibrium quantity and price of coffee?
Illustrate using a graph
In a certain town, 40% of the eligible voters prefer candidate
A, 10% prefer candidate B, and the remaining 50% have no
preference. You randomly sample 10 eligible voters. What is
the probability that 4 will prefer candidate A, 1 will prefer
candidate B, and the remaining 5 will have no preference?
write a python function Top_Price(A) (Refer RollNo_W9A_2.py ) which takes a dictionary containing all items with their prices and return a string containing top-3 item names and their prices
A firm faces the demand function
P = 190 - 0.6Q and the total cost function
C = 40 + 30Q + 0.4Q2
A reversible reaction of methanol (M) dehydrogenation to formaldehyde (F) and hydrogen (H):
CH3OH ⇄ CH2O + H2
is characterized by an equilibrium constant KC = 10 at a temperature t = 670°C. Given the following values of standard molar entropies:
S⦵M = 239,9 J/(mol·K)
S⦵F = 218,9 J/(mol·K)
S⦵H = 130,7 J/(mol·K)
Calculate the value of standard enthalpy of this reaction (∆H⦵R)
Universal gas constant R = 8,314 J/(mol·K)
#339914 on Dec 2023