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3. On two separate graphs, show the two ways that profit can be illustrated. On the...
1. Draw two graphs. On the first, show the short-run profit maximizing output of an individual...
1. Draw two graphs. On the first, show the short-run profit maximizing output of an individual firm earning an economic profit, including MR, MC, AVC, and ATC. On the second, show the short-run market equilibrium price and quantity. Explain how the industry supply curve and the market equilibrium price and quantity are determined. 2. What is the relationship between the price on the two graphs? Why does this relationship exist? 3. Explain why a firm in a perfectly competitive industry...
3) A monopolist sells a product in two separate markets at different prices; i.e., he price...
3) A monopolist sells a product in two separate markets at different prices; i.e., he price discriminates. The demand curves in these markets are: PA= 100 - QA and P8 = 60 - 0.5 QB His average cost function (ATC) is: ATC = Q + 100/Q where Q = QA + QB In your calculations, let it be defined as profit. (Hint: Find an equation for . Then replace Q with QA + Qs. Then, maximize with respect to QA...
I need help with analysis questions, there should be two separate graphs one with period (s)...
I need help with analysis questions, there should be two
separate graphs one with period (s) and another with period
squared. I have completed the graphs I am stuck on the
questions!
Length (cm) Period (s) Period (52) 10 15 20 30 40 60 80 100 120 0.45 0.65 0.75 0.90 1.10 1.25 1.55 1.80 2.00 20 Analysis Questions For the graph that shows a linear (straight-line) relationship, find the slope of the line Describe the relationship between the length...
3. Imagine there exist three consumers, each with their own demand curves for a Public Good....
3. Imagine there exist three consumers, each with their own demand curves for a Public Good. The equations below provide the demand curves for each consumer for this public good where P is the unit price of the public good and Q is the unit value of the public good. Consumer 1: P = 200 – Q Consumer 2: P= 40 – 30 Consumer 3: P = 50 - Q. The total cost (TC) producing the public good is given...
2) Draw two schematic graphs using pencil showing a typical stress-strain curve for aluminum. The first...
2) Draw two schematic graphs using pencil showing a typical stress-strain curve for aluminum. The first graph should show engineering stress vs engineering strain, and the second graph should show true stress vs true strain. Label the showing: (i) elastic modulus (ii) proportional limit (iii) yield stress (iv) yield strain (v) fracture stress (vi) fracture strain on each graph. You may show both graphs on one plot. (5 points)
I also need help with the drawings of the graphs! 1. (25 pts) A competitive firm...
I also need help with the
drawings of the graphs!
1. (25 pts) A competitive firm has a cost function given by: C (y)-y2 +y+4. (a) Derive the firm's marginal cost function MC (y), average variable cost function AVC(y), and average cost function AC (y) and show them on a graph. (5 pts) (b) At what output is the average cost AC (y) minimized? (5 pts) (c) Determine the short-run supply curve for this firm and show this curve on...
6. The long-run effects of monetary policy Aa Aa The following graphs show an economy that is cur...
6. The long-run effects of monetary policy The following graphs show an economy that is currently in long-run equilibrium. The first graph shows the aggregate demand (AD) and long-run aggregate supply (LRAS) curves. The second shows the long-run (LR) and short-run (SR) Phillips curves. The point on each graph shows the economy's current position. According to the graphs, potential output in this economy is _______ and the natural rate of unemployment is _______ .Suppose the central bank of the economy decreases the...
PART TWO (10 points each, 40 points total). Answe r the following problems in the space...
PART TWO (10 points each, 40 points total). Answe r the following problems in the space provided Please show your work in an organized way with clearly labeled graphs if you choose to use any. 11. Two identical firms are engaged in Cournot competition, with cost functions TCA(QA) 150 Qa and TCB(Qs) -150 QB. The market demand is given by P 1050-20. a) Find the Cournot-Nash equilibrium and profit for each firm. b) Find the Stackelberg equilibrium if A leads...
Please help me solve these two problems. Thanks! Identify the graphs A (blue), B( red) and...
Please help me solve these two problems. Thanks!
Identify the graphs A (blue), B( red) and C (green) as the graphs of a function and its derivatives: is the graph of the function is the graph of the function's first derivative is the graph of the function's second derivative Evaluate each of the following expressions. Enter DNE if the limit does not exist. a) lim F(x) = - - - b) lim F(x) = c) lim F(x) = d) F(-1)...
TR! MR FC vel TC MC ATC Profit S-6 $25 21 5 4 3 2 $25...
TR! MR FC vel TC MC ATC Profit S-6 $25 21 5 4 3 2 $25 $20 $153 $10 41 S33 Complete the table above, using the given information. a. Use the demand and supply schedules to plot both curves on a well-labeled graph. b. Now assume a price floor of $20 and indicate this on the graph. C. Calculate the value of the new consumer surplus, the value of the new producer surplus, and the value of the new...
3) A monopolist sells a product in two separate markets at different prices; i.e., he price discriminates. The demand curves in these markets are: PA= 100 - QA and P8 = 60 - 0.5 QB His average cost function (ATC) is: ATC = Q + 100/Q where Q = QA + QB In your calculations, let it be defined as profit. (Hint: Find an equation for . Then replace Q with QA + Qs. Then, maximize with respect to QA...
I need help with analysis questions, there should be two
separate graphs one with period (s) and another with period
squared. I have completed the graphs I am stuck on the
questions!
Length (cm) Period (s) Period (52) 10 15 20 30 40 60 80 100 120 0.45 0.65 0.75 0.90 1.10 1.25 1.55 1.80 2.00 20 Analysis Questions For the graph that shows a linear (straight-line) relationship, find the slope of the line Describe the relationship between the length...
3. Imagine there exist three consumers, each with their own demand curves for a Public Good. The equations below provide the demand curves for each consumer for this public good where P is the unit price of the public good and Q is the unit value of the public good. Consumer 1: P = 200 – Q Consumer 2: P= 40 – 30 Consumer 3: P = 50 - Q. The total cost (TC) producing the public good is given...
2) Draw two schematic graphs using pencil showing a typical stress-strain curve for aluminum. The first graph should show engineering stress vs engineering strain, and the second graph should show true stress vs true strain. Label the showing: (i) elastic modulus (ii) proportional limit (iii) yield stress (iv) yield strain (v) fracture stress (vi) fracture strain on each graph. You may show both graphs on one plot. (5 points)
I also need help with the
drawings of the graphs!
1. (25 pts) A competitive firm has a cost function given by: C (y)-y2 +y+4. (a) Derive the firm's marginal cost function MC (y), average variable cost function AVC(y), and average cost function AC (y) and show them on a graph. (5 pts) (b) At what output is the average cost AC (y) minimized? (5 pts) (c) Determine the short-run supply curve for this firm and show this curve on...
PART TWO (10 points each, 40 points total). Answe r the following problems in the space provided Please show your work in an organized way with clearly labeled graphs if you choose to use any. 11. Two identical firms are engaged in Cournot competition, with cost functions TCA(QA) 150 Qa and TCB(Qs) -150 QB. The market demand is given by P 1050-20. a) Find the Cournot-Nash equilibrium and profit for each firm. b) Find the Stackelberg equilibrium if A leads...
Please help me solve these two problems. Thanks!
Identify the graphs A (blue), B( red) and C (green) as the graphs of a function and its derivatives: is the graph of the function is the graph of the function's first derivative is the graph of the function's second derivative Evaluate each of the following expressions. Enter DNE if the limit does not exist. a) lim F(x) = - - - b) lim F(x) = c) lim F(x) = d) F(-1)...
TR! MR FC vel TC MC ATC Profit S-6 $25 21 5 4 3 2 $25 $20 $153 $10 41 S33 Complete the table above, using the given information. a. Use the demand and supply schedules to plot both curves on a well-labeled graph. b. Now assume a price floor of $20 and indicate this on the graph. C. Calculate the value of the new consumer surplus, the value of the new producer surplus, and the value of the new...
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