QUESTION Find the dead weight loss due to monopoly pricing in this scenario when demand is down-sloping and there are constant marginal costs. Suppose the price charged for the goods is $10. Marginal revenue and marginal cost cross where Q=100 and MR=$5. Suppose the socially efficient output is Q=110. ANSWER: REQUEST HELP FROM A […]
QUESTION Describe the economic characteristics of the global motor vehicle industry. (150 words)Does your company do business at the global level? Is it a strategy your company should pursue? If so, why? If not, why not? If your company is not positioned to go global, find a company that you think should consider the strategy, […]
QUESTION What would happen if the monopolist wants to maximizerevenue instead of profit? How does this affect the size of the deadweight loss? If the goal is actually to minimize deadweight loss, is it better to maximize profits or revenue? Explain your reasoning ANSWER: REQUEST HELP FROM A TUTOR
QUESTION On January 2, Year 1 the Lyndhurst Company,Inc. a privately-held company, issued $1,000,000, five âyear , 10.00% bonds, dated January 2, Year 1. The bonds provided for semi-annual interest payments to be made on June 30 and December 31 each year. Terms of the bond indenture allowed the company to call the bonds at […]
QUESTION CONSULTING PROJECT PRODUCTION DECISIONS AT HARDING SILICON ENTERPRISES, INC. Harding Silicon Enterprises, Inc. produces less than 1% of the worldâs supply of 12 GB random access memory (RAM) chips for electronic devices. HSEâs RAM chips perform according to globally accepted performance standards for this type of silicon chip. HSE has hired you to do […]
QUESTION Which types of goods and services are included in the definition of GDP but not actually counted in the measurement of GDP? Explain why. ANSWER: REQUEST HELP FROM A TUTOR
QUESTION The demand function for coffee is given byDc= 100−2pc+ 0.5ptand that for tea is given byDt= 120−pt+ 0.75pcwhere pc is the price of coffee and ptis the price of tea. The respective supplyfunctions areSc= 10 + pc+ 5wcSt= 5 + 2pt+ 2wtwhere wc and wtare the indexes of weather conditions affecting productionof coffee and […]
QUESTION AN LM Curve SHOCK!Consider the following model of the economyProduction function: Y = A·K·N â N2/2Marginal product of labor: MPN = A·K â N.where the initial values of A = 6 and K = 10. The initial labor supply curve is given as: NS = 30 + 4wInitial conditions in the goods marketCd = […]
QUESTION SCENARIO #1 â AN IS Curve SHOCK! From General Equilibrium.Consider the following model of the economyProduction function: Y = A·K·N â N2/2Marginal product of labor: MPN = A·K â N.where the initial values of A = 6 and K = 10. The initial labor supply curve is given as: NS = 30 + 4wInitial […]
QUESTION You have 1 unit (400 troy ounces) of gold. Assume constant monthly storage costs of C and no interest. Suppose prices now are L (low) and will be H>L (high) next month with probability p. When is the best time to sell your gold? ANSWER: REQUEST HELP FROM A TUTOR
