464 Answered Questions for the topic microeconomics

Microeconomics

03/31/25

Market Structure and Game Theory Application
Two firms, Alpha Corp and Beta Inc, operate in an oligopolistic market and produce identical products. They each have two strategies: Set a high price or Set a low price. If both firms set a high... more
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Microeconomics

03/20/25

Simple Equations
A firm manufuctures a commodity that costs $20 per unit to produce. In addition, the firm has fixed costs of $2000. Each unitis sold for $75. How many units must be sold if the firm is to have a... more
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Microeconomics

12/08/24

Find the profit mazimizing quantity in a single price monopoly
Price = 180 , 170 , 160, 150, 140, 130 where Quantity = 1,2,3,4,5 where Total Cost = 25, 150, 285, 430, 585, 750 Find the profit mazimizing quantity and price (this is a single priced monopoly)
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Microeconomics Macroeconomics

10/16/24

Find the incidence tax imposer by demander
The demand for a good XD=1500-5P and the supply is XS=1000 where X is the number of units and P is price per unit. In equilibrium without taxes the price is 100 and the quantity of X that is traded... more
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Microeconomics Macroeconomics

10/15/24

Find the incidence of a $50 per unit tax imposed by law on the supplier.
The demand for a good is XD = 2500-3P and the supply is XS=7P where X is the number of units and P is the price per unit. In equilibrium without taxes the price is 250 and the quantity of X that is... more
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Microeconomics Econometrics Macroeconomics

04/04/24

Graph macroeconomic question

Consider the following IS-LM model: (30 points) C = 250 + 0.6YD T = 100 + 0.2Y I = 100 + 0.2Y − 200(r + x) G = 150 M/P = 0.2Y − 240i r = ¯r = 10%, Πe = 0.06, x = 0.01 (a) Derive the IS relation.(b)... more
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Microeconomics Math Business Econometrics

04/04/24

macroeconomics question
Consider an economy with three companies A, B, C. Company A produces cardboard, (10 points) which is used by Company B to produce boards and cards, which is used by Company C to produce board... more
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Microeconomics

03/15/24

What is cross elasticity
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Microeconomics Math Biology Geometry

03/05/24

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Microeconomics

03/03/24

Assignment: Price controls during a pandemic
At the beginning of the pandemic, people were buying essential goods. One of the goods that was most reported in the news was toilet paper. Now imagine, most store owners decided to increase the... more
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Microeconomics

02/09/24

Your boss asks you to calculate some of the information the spy was not able to obtain. Fill in the blanks below with the missing information.
Output quantity Total variable cost Total cost 0 $0 $250 25   450 50 300 X 75 375   100 600 850 125 X 1125 150 1200 X 175   1875 200 2000 2250  
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Microeconomics

11/14/23

Natural Monopoly

The graph below depicts a natural monopoly. If the firm is left unregulated, what would be the price and quantity? Illustrate and label the firm's economic profit or loss and tell the amount of the... more
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Microeconomics

11/11/23

microeconomics question
A pharmaceutical company produces a drug that is effective in reducing blood clots in humans, as well as treating kidney disease in cats. The price elasticity of demand for the drug used by humans... more
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Microeconomics

11/11/23

microeconomics question
A pharmaceutical company produces a drug that is effective in reducing blood clots in humans, as well as treating kidney disease in cats. The price elasticity of demand for the drug used by humans... more
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Microeconomics

11/04/23

find marginal cost and invesrse demand curve
A monopolist faces a cost function equal to C(Q) = 10Q + 2and a demand function of QD(P) = 250 -Pwhat is the monopolist's marginal cost curve?what is the inverse demand curve that monopolist faces?
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Microeconomics

11/04/23

what is the equilibrium price? what is the monopolist's profit?
A monopolist faces a cost function equal to  C(Q) = 6Qand a demand function of QD(P) = 200 - P/3what is the equilibrium price?what is the monopolist's profit?
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Microeconomics

11/04/23

what is the monopolists marginal revenue and chosen qunatity to sell
A monopolist faces a cost function equal to  C(Q) = 6Qand a demand function of QD(P) = 200 - P/3what is the monopolist's marginal revenue function?what is the monopolist's chosen quantity to sell?
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Microeconomics

11/04/23

What is the marginal cost curve? What is the inverse demand function? What is the total revenue function?
A monopolist faces a cost function equal to  C(Q) = 6Qand a demand function of QD(P) = 200 - P/3What is the marginal cost curve?What is the inverse demand function?What is the total revenue function?
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Microeconomics

11/04/23

For each of the following production functions and quantity wished to produce, given a fixed capital amount equal to 1, what is the amount of labor that minimizes costs?

For each of the following production functions and quantity wished to produce, given a fixed capital amount equal to 1, what is the amount of labor that minimizes costs?(Answer as a whole number,... more
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Microeconomics

11/04/23

For each item below, choose whether the listed production function exhibits ...
For each item below, choose whether the listed production function exhibits constant returns to scale (CRS), increasing returns to scale (IRS) or decreasing returns to scale (DRS):... more
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Microeconomics

11/01/23

tutor didn't show up

I clicked the zoom link on time and message the tutor and got no response.
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Microeconomics

10/23/23

A firm's production function follows ...
A firm's production function follows Q = 2L + 3KThe price of capital is r = 6it should always set 2L = 3K (true / false)
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Microeconomics

10/23/23

A firm's production function follows ...
A firm's production function follows Q = 2L + 3KThe price of capital is r = 6If the price of labor is exactly 4, it should be indifferent between hiring capital or more labor to produce its target... more
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Microeconomics

10/23/23

A firm's production function follows ...
A firm's production function follows Q = 2L + 3KThe price of capital is r = 6If the price of labor is exactly 4, it should always hire as much labor as capital (true / false)
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Microeconomics Finance

10/23/23

A Firms productino function is as follows...
A firm's production function follows:Q = min {2L, 3K}When the price of capital is, r = 6...If the price of labor is below 4, it should only hire labor (true / false)
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