1. *The Coolidge Corporation is the only producer of a particular type of laser.
The demand curve for its product is
QD= 8,300 - 2.1P
and its total cost function is
TC = 2,200 + 480Q + 20Q2
where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output.
a. Derive an expr...
Suppose you are able-bodied and intelligent, but lazy. You'd rather sit at home and watching television than work, even though you know you could find an acceptable job if you looked.
a. are you officially unemployed?
b. are you a discouraged worker?
oint, and I disagree continually. A basic definition of a Pigovian tax is: a tax levied on a particular behavior in the market that is generating negative externalities. The idea is the tax re-aligns the real social cost with the benefits of the activity. Mankiw distorts this defintion and...
1. A monopolistâ€™s Demand function is P = 1624 - 4Q, and its Total Cost function is TC = 22,000 + 24Q -4Q2 + ?Q3, where Q is output produced and sold. At what price (P) should the monopolist shut down? (Points : 3) 2. The supply and demand equations for a hypothetical perfectly com...
Questions: 1.1 Chocolate companies in South Africa are characterised as monopolistic competitors. Explain the key features of a monopolistic competitor showing how this differs from a monopolist and the impact that this type of competition has on the chocolate industry in South Africa. (25...
MEC-008: ECONOMICS OF SOCIAL SECTOR
Course Code: MEC-008
Assignment Code: MEC-008/AST/2010-11
Maximum Marks: 100
Note: Answer all the questions. While questions in Section A carry 20 marks each (to be answered in about 500 words each) those in S...
When selecting a piping material to transport slurries, corrosion and erosion considerations must be accounted for. Some of the most popular piping materials include:
* Carbon Steel
* Stainless Steel
* High Density Polyethylene (HDPE)
* Acrylonitrile butadiene stryene (ABS)