Get college assignment help at uniessay writers 25.6 The Mall Street Journal is considering oering a new service which will send news articles to readers by email. Their market research indicates that there are two types of potential users, impecunious undergraduates studying microeconomics and high-level executives. Let x be the number of articles that a user requests per year. The executives have an inverse demand function PE(x) = 100 − x and the undergraduates have an inverse demand function PU(x) = 80 − x. (Prices are measured in cents.) The Journal has a zero marginal cost of sending articles via email. Suppose that the Journal can identify which of the users are undergraduates and which are executives. It decides to a plan where users can buy a fixed number of articles per year for a fixed price per year. If it wants to maximize total prots it will buy 100 articles to the executives and 80 articles per year to the students. question : It will charge how much per year to the executives and how much per year to the students.
the demand for oranges is d=20000-5p,where p is the price per ton.the price elasticity of demand at p= 800 is: a.-4 b.4(positive value_not magnitude) c.-.25 d.0.25(positive value- not magnitude
3. During his first year at school, Ximing buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% increase in new texts and a 10% increase in used texts next year, Ximing’s father offers him $80 extra. Is Ximing better off, the same, or worse off after the price change? Why?
the three jobs of money are (1) medium of exchange, (2) standard of value, (3)store of value.
when the price of pepse-cola increases from 50 cents to 60 cents per can the quantity demanded decreases from 100 cans to 50 cans. Over this price range the demand for pepsi-cola is
Suppose the demand for beer is characterized by the following point elasticities: own price elasticity = -2.5 cross-price elasticity with soda = 3 income elasticity = 2 Based on the given elasticities, answer the following. Explain your answers. a. If a firm in the industry wishes to increase total sales revenue (ignoring cost considerations), will it raise or lower its selling price? Why? b. What happens to the demand for beer if the price of soda falls by 2%? Explain your answer. c. What happens to the demand for beer if consumer income rises by 5%? Be specific. d. Is beer a normal or inferior good? Explain.
Suppose that five car companies are considering borrowing $5,000 each to buy a new car assembly machine. If a company decides to buy the new machine, then they must borrow $5,000. The annual real returns on these machines, also known as the value of marginal product of capital, are shown in the table below. The value of marginal product of capital is revenue net of operating costs, taxes, and opportunity costs, but it does not account for the interest payment. Assume that the car assembly machines can always be resold at their original price. Company Value of Marginal Product of Capital (per Year) A $550 B $450 C $350 D $250 E $150 4.1. If the annual real interest rate on the loans is 6%, how many car companies will buy a new car assembly machine? Interest payments are made once a year.
he graph below shows the demand for saving (also known as the investment curve) and the supply of saving (also known as the saving curve) for an economy that does not trade with other countries (that is, net exports equal zero at all times). Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions. Tool tip: Click and drag one or both of the curves. Curves will snap into position, so if you try to move the curve and it snaps back to its original position, just try again and drag it a little farther. When you are satisfied with your answer, click the Submit Answer button. 5.1. The government decreases its purchases, but leaves net taxes unchanged.
What is a Phillips Curve? Why did it seem to work so much better in the period from 1954 to 1969 that it did ni the 1970s? ( short paragraph, United states reference)
France and England both produce wine and cloth under conditions of constant opportunity costs. France can produce 150 units of wine if it produces no cloth, and 100 units of cloth if it produces no wine. England can produce 50 units of wine if it produces no cloth, and 100 units of cloth if it produces no wine. Using this information, we can conclude that
Get college assignment help at uniessay writers a) As a result of the North American Free Trade Agreement (NAFTA), the US and Canada are shifting toward free trade with Mexico. According to the Stopler-Samuelson theorem, how will this shift affect the real wage of unskilled labor in Mexico? In the US or Canada? How will it affect the real wage of skilled labor in Mexico? In the US or Canada? (Brief answers needed). b) One of your relatives suggests to you that our country should stop trading with other countries because imports take away jobs and lower our national well-being. How would you try to convince him that this is probably not the right way to look at international trade and its effects on the country?
a) The US government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force, and 139.7 million employed. Based on these numbers, what was the unemployment rate? (show work and formula). b) Explain the difference between tariffs and quotas. Who is harmed and who benefits by this restriction on trade? c) What are two economic advantages and two economic disadvantages of adopting a common currency, such as the euro?
(I) Will the US dollar appreciate or depreciate against the British pound: a – if US national income increases? b – if US interest rates rise relative to UK interest rates? c – if US prices rise relative to prices in Great Britain? (II) If the US economy is in a recession and the Federal Reserve follows expansionary monetary policy, will the following rise or fall? a – money supply b – excess reserves c – interest rates d – investment e – aggregate demand
•Research the Internet for 3–4 companies in any industry other than foodstuffs. These companies should sell the same product or offer the same service. For example, you may choose 3–4 discount retailers, 3–4 accounting firms, 3–4 online bookstores, and so forth
Content Given the following demand schedule for a specific textbook: Point Price ($) QD (thousand copies) A 10 60 B 20 50 C 30 40 D 40 20 (a) Please calculate the price elasticity of demand between successive points. (b) Which price maximizes publisher’s revenues? Calculate and explain. HW3 Please give detailed answers with all work shown and any graphs and steps to how you got the answer.
Please read attached question and give fully detailed all work shown answer all calculations and steps to get answer. Given the following demand schedule for a specific textbook: Point Price($) QD(thousand copies) A 10 60 B 20 50 C 30 40 D 40 20 (a) Please calculate the price elasticity of demand between successive points. (b) Which price maximizes publisher’s revenues? Calculate and explain. Please give throughough step by step all work shown answer and please show all calculations and how you got answer and make it very detailed all work shown please.
Briefly explain why allocation of resources is efficient at the point of equilibrium in free markets.
In most markets, consumer surplus is a good measure of economic well-being as long as policymakers want to respect the preferences of buyers. Give an example of, and briefly explain when policymakers may decide against respecting the preferences of buyers.
25.5 (1) The Grand Theater is a movie house in a medium-sized college town. This theater shows unusual lms and treats early-arriving movie goers to live organ music and Bugs Bunny cartoons. If the theater is open, the owners have to pay a xed nightly amount of $500 for films,ushers, and so on, regardless of how many people come to the movie. For simplicity, assume that if the theater is closed, its costs are zero. The nightly demand for Grand Theater movies by students is Qs = 220−40Ps, where QS is the number of movie tickets demanded by students at price Ps. The nightly demand for nonstudent moviegoers is Qn = 140−20Pn . Suppose that the Grand Theater can hold only 150 people and that the manager wants to maximize prots by charging separate prices to students and to nonstudents. If the capacity of the theater is 150 seats and QS tickets are sold to students,the maximum number of tickets that can be sold to nonstudents? QN = 150 − QS. Question : How many student tickets should the Grand sell to maximize profits? What price is charged to students?
25.4 (0) A monopolist has a cost function given by c(y) = y^2 and faces a demand curve given by P(y) = 120 − y. If you put a lump sum tax of $100 on this monopolist, what would its output be?
25.4 A monopolist has a cost function given by c(y) = y^2 and faces a demand curve given by P(y) = 120 − y. If you put a lump sum tax of $100 on this monopolist, what would its output be? If you wanted to choose a price ceiling for this monopolist so as to maximize consumer plus producer surplus, what price ceiling should you choose?
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