In a market, demand is given by P = 100 − Q and the (private) marginal cost of production for the aggregation of all firms (the industry supply curve) is given by MC = Q. Pollution by the industry creates external damages given by the (constant) marginal external cost curve MEC = 30. (a) Calculate the output and price of...
2. Consider a problem where a monopolistic airline chooses between a fully-connected (FC) network and a hub-and-spoke (HS) network for its operations. There are three cities in the airline's network, denoted by A, B, and H, respectively Note that there are 3 pairs of cities (equivalently 3 markets, including AH, HB, and AB markets) in the network. Under the FC...
In the above figure, the imposition of a $0.25 sales tax on sellers will A) lower the market price paid by buyers of hotdogs by $0.25. B) raise the market price paid by buyers of hotdogs by $0.25. C) raise the market price paid by buyers of hotdogs by $0.125. D) have no effect on the market price of hot dogs.
theoretically, product differentiation in a monopolistically competitive market will lead to a. short-run economic profits greater than 0 b. competitors leaving the market c. long-run economic profits less than 0 d. the demand curve of the firm's product shifting to the left e. all of the above
1. Suppose you are supervising two production lines of a smartphone assembly plant. The time for every worker to assemble a single smartphone can be assumed to be normally distributed. You are interested in knowing the variations in the assembly time from worker to worker. In particular, you are interested if there is any significant difference in the variance of...
Healthcare organizations can influence a targeted market through the 4 Ps of marketing—product, price, promotion, and place. The 4 Ps, also known as the marketing mix, essentially provide a framework for a marketing strategy. To effectively reach consumers, each of the four components must align. For example, you might have the right product, but if the price is too high...
explain why such a supply curve represents the very short run, and provide a hypothetical or real world example. How are price and quantity determined in such a market (assuming typical downward sloping demand curves). Include a supply-demand diagram to supplement your explanation.
What is the atomic spectrum indicating color and assigning
wavelengths to each line that appears in the spectrum for overhead
light, lamplight, hydrogen, neon, argon, xenon, krypton,
nitrogen?
Align spectroscope to maximize light entering through slit. 500nm 650nm slit 560nm wavelength scale 400 550 blue-green green 650 700 450 500 600 indigo blue yellow dark red orange orange wavelength in...
Short Answers: Please answer the following questions in the space provided for each. 1. Would you be more or less willing to buy AT&T bonds under the following circumstances: (5 pts) a) Trading in these bonds increases, making them easier to sell. More willing: - Les willing: b) You expect a bull bear market in stocks (stocks prices are expected...
On the basis of the following data:
Commodity
Inventory
Quantity
Unit
Cost Price
Unit
Market Price
AL65
17
$116
$138
CA22
41
104
101
LA98
9
84
63
SC16
19
241
217
UT28
9
233
211
Determine the value of the inventory at the lower of cost or
market. Assemble the data in the form illustrated in Exhibit
10.
Inventory...