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External link to The demand curve for product X is given by Q X d = 320 – 4P X . Find the inverse demand curve. P X =-Q X d Instructions: Round your answer to the…
Economics Writing Help

The demand curve for product X is given by Q X d = 320 – 4P X . Find the inverse demand curve. P X =-Q X d Instructions: Round your answer to the…

The demand curve for productXis given by QXd= 320 – 4PX. a. Find the inverse demand curve. PX=-QXd Instructions:Round your answer to the nearest penny (2 decimal places). b. How much consumer surplus do consumers receive whenPx= $35? c. How much consumer surplus do consumers receive whenPx= $20? d. In general, what happens to the level of consumer surplus as the price of a good […]

External link to Discuss the following formula (not in numbers, but from an organizations perspective in the decision-making processes). Expected payoff = (probability of rivals matching x size of loss from price cuts
Economics Writing Help

Discuss the following formula (not in numbers, but from an organizations perspective in the decision-making processes). Expected payoff = (probability of rivals matching x size of loss from price cuts

Discuss the following formula (not in numbers, but from an organizations perspective in the decision-making processes). Expected payoff = (probability of rivals matching x size of loss from price cuts) + (probability of rivals not matching x gain from lone price cut) p. 248 No need to explain the full formula, just pick a segment and run with it.

External link to Type 1 and Type 2 Errors: An Application from HR, Hiring What are Type 1 and Type 2 Errors: Here is some help. https://www.recruiter.com/i/type-i-ii-errors-in-recruiting/ Type I and Type II Deci
Economics Writing Help

Type 1 and Type 2 Errors: An Application from HR, Hiring What are Type 1 and Type 2 Errors: Here is some help. https://www.recruiter.com/i/type-i-ii-errors-in-recruiting/ Type I and Type II Deci

Type 1 and Type 2 Errors: An Application from HR, Hiring What are Type 1 and Type 2 Errors: Here is some help. https://www.recruiter.com/i/type-i-ii-errors-in-recruiting/ Type I and Type II Decision Error Costs The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the applicants all seem to bring different […]

External link to Suppose Noah and Naomi’s short-run weekly production function for garden benches is F ( L ) = (3/2) L , where L represents the number of hours of…
Economics Writing Help

Suppose Noah and Naomi’s short-run weekly production function for garden benches is F ( L ) = (3/2) L , where L represents the number of hours of…

Suppose Noah and Naomi’s short-run weekly production function for garden benches is F(L) = (3/2)L, where L represents the number of hours of labour employed. The wage rate is $15 an hour. What is their short-run cost function?

External link to The comany is selling adminission tickets for $105. The company is becoming more popular, so they want to raise the ticket price to $135.
Economics Writing Help

The comany is selling adminission tickets for $105. The company is becoming more popular, so they want to raise the ticket price to $135.

The comany is selling adminission tickets for $105. The company is becoming more popular, so they want to raise the ticket price to $135.00. If the percentage decrease in admission tickets sold is ——, the price increase will increase the total revenue. a- below 50% b- above 35% c- below 35% d- above 25% e- below 25%

External link to The above figure shows the demand and cost curves facing a monopoly. Calculate: The deadweight loss of this monopoly is b. A $100 per unit tax would…
Economics Writing Help

The above figure shows the demand and cost curves facing a monopoly. Calculate: The deadweight loss of this monopoly is b. A $100 per unit tax would…

5. The above figure shows the demand and cost curves facing a monopoly. a. The deadweight loss of this monopoly is b. A $100 per unit tax would raise price by c. If a $100 per unit tax is charged, what is the incidence of the tax on consumers? d. If a $100 per unit tax is charged, the loss in welfare resulting from the […]

External link to 1.What determines a household’s consumption possibilities? 2.How would you answer someone who says that marginal utility theory is useless because
Economics Writing Help

1.What determines a household’s consumption possibilities? 2.How would you answer someone who says that marginal utility theory is useless because

1.What determines a household’s consumption possibilities? 2.How would you answer someone who says that marginal utility theory is useless because utility cannot be observed? 3.What is consumer surplus? How is consumer surplus calculated? 4.What is a firm and what is the fundamental economic problem that all firms face?

External link to Suppose Shell purchased every gas company in the world and set their prices. Then, it would have a control of the gas market with no other…
Economics Writing Help

Suppose Shell purchased every gas company in the world and set their prices. Then, it would have a control of the gas market with no other…

Suppose Shell purchased every gas company in the world and set their prices. Then, it would have a control of the gas market with no other competition. Thus Shell becomes a monopolist in providing gas. The market demand curve faced by Shell is P = -Q + 40, and Shell’s cost is given by TC=Q2 + 140, and the marginal cost is given by MC=2Q. […]

External link to Typically, services like Kibernum’s are developed and executed locally, with the client’s needs in mind.
Economics Writing Help

Typically, services like Kibernum’s are developed and executed locally, with the client’s needs in mind.

Typically, services like Kibernum’s are developed and executed locally, with the client’s needs in mind. Let’s say for instance (since technology and services have no borders), another Kibernum operation in neighboring Bolivia (La Paz) is able to undercut the Chilean operation by 5% (revenue) and provide less than one-fourth of the IT services but from Bolivia. How might the Chilean client behaviors change if they […]

External link to suppose a company is deciding between four locations to place a factory. Differences in prices and infrastructure mean that the value of each…
Economics Writing Help

suppose a company is deciding between four locations to place a factory. Differences in prices and infrastructure mean that the value of each…

$15 (a) if the company can ignore the negative externalities imposed on neighbors, where would they choose to locate? (b) is this economically efficient? (c) if each neighborhood can successfully block the factory’s location plans (and bargaining is costless), where would you expect the factory to locate? (d) using the single-owner principle, what is the optimal location? (e) Do you agree with answers (c) and […]

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