228 Answered Questions for the topic microeconomics
Microeconomics question about the increasing in demand
Market entry with Cournot/Stackelberg: Demand function
Correct the statement
calculate market equilibrium and quanitiy
Find the first and second derivatives of M with respect to X
What is the maximum revenue and the set of prices that will increase revenue/profit?
what is the most of each good that Canadians can consume when the economy is open?
Please Help Solve elasticity Problem
Consumers tend to maximize utility when the last dollar spent on an item is equalized
Industries like the airlines with a high-income elasticity of demand experience tremendous volatility when income increases and decreases
Price increases result in a an increase in total surplus
If the government wished to burden consumers with an excise tax, it would place the tax on a product that has an elastic demand
If a firm is experiencing diseconomies of scale, its long-run average cost curve is upward sloping.
I need help on two questions
Express your opinion on how you would feel about government regulation and intervention on your own monopolistic firm.
The price elasticity of demand for medical devices is about -0.25 to -.30.
For the demand equation, P = 2,000 – 2Q, answer the following:
Using the table above, if this were a competitive industry rather than a monopoly, what would be the price of the product?
Compare the pricing models for three different types of service businesses: 1) A legal firm 2) A restaurant 3) A college
What is the deadweight loss of a firm with the demand function p=100000-2q and a constant marginal cost of $2.