The demand equation, P = 2,000 - 2Q
a. what is the vertical intercept?
b. what is the horizontal intercept?
The demand equation, P = 2,000 - 2Q a. what is the vertical intercept? b. what...
Consider a linear demand function in (Q,P) space with vertical intercept (0,a) and horizontal intercept (b,0). Consider an arbitrary point, denoted d, on the demand line. Beginning with the definition of point elasticity of demand, show that it is equal to -(bd / ad).
For the demand equation P = 36 - 2Q, what Price will maximize total revenue?
The market demand for laptops is P=32-2Q and the market supply is P=8+2Q. What is consumer surplus at the market equilibrium? a.12 b.24 c.36 d.72
If the demand equation is P = 30-2Q and the marginal cost of the provided service is $2, how much is a maximum up front fee for each member?
5. Suppose that the demand equation for a monopolist's product is p = 400 - 2q and the average cost function is c = 0.29 + 4 + toº, where q is number of units, and both p and c are expressed in dollars per unit. a) Determine the level of output at which profit is maximized b) Determine the price at which maximum profit occurs c) Determine the maximum profit d) If, as a regulatory device, the government imposes...
the demand is P = 185 – 2Q & supply is P = 25 + 2Q. Equilibrium price = $105 Equilibrium Quantity = 40 To enable more citizens to buy more gasoline, the Government decides to give gasoline producers a subsidy of $12 per unit. What price will consumer’s pay and how much gasoline will they buy? How much will the Government spend on the subsidy? What will be the change in producer surplus?
Domestic demand for fidget spinners in the domestic economy is characterized by the equation P=100-2Q, domestic supply is characterized by the equation Q=P-10, and the world price is equal to 60. Then the export subsidy of 10 per unit will a) lead to a decrease in the world price by 10 b) increase domestic exports by 15 c) increase domestic exports by 10 d) change nothing
Demand: P = 50 - 4Q Supply: P = 2 + 2Q what is the equilibrium price and quantity
Suppose consumer 1 has a demand P = 10-2Q and a consumer 2 has a demand P = 5-Q. What does the equation for the market demand curve look like in the range 0 <_ P <_ 5? The answer is Q = 10-3/2P. How do I get this?
Suppose that a monopolist faces a linear demand curve having a vertical intercept of (0,a) and a horizontal intercept of (b,0). Denote the midpoint on the segment ab by the letter ‘m’ (i.e., am = bm) and let (Q*, P*) denote the coordinates at point ‘m’. A student in ECON 2010 once provided the following argument: “A profit-maximizing monopolist who sells all units at a uniform price will never produce more than Q* (or alternatively, will never charge a price...