Diminishing Marginal Rate of Technical Substitution Assignment Help With Solution

Diminishing Marginal Rate of Technical Substitution Assignment Help   1.A cost-minimizing firm’s production function is given by Q = LK, where MPL = K and MPK = L. The price of labor services is w and the price of capital services is r. Suppose you know that when w $4 and r $2, the firm’s total cost is $160. You are also told that when input prices change such that the ...
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Monopolist’s Profit-maximizing Level of Output Assignment Help With Solution

Monopolist’s Profit-maximizing Level of Output Assignment Help   1.A monopolist faces a demand curve P=210 −4Q and initially faces a constant marginal cost MC = 10.   a) Calculate the profit-maximizing monopoly quantity and compute the monopolist’s total revenue at the optimal price.   b) Suppose that the monopolist’s marginal cost increases to MC = 20. Ver...
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Canola Oil Producing Industry Assignment Help With Solution

Canola Oil Producing Industry Assignment Help   1.The canola oil industry is perfectly competitive. Every producer has the following long-run total cost function: LTC = 2Q3 – 15Q2 + 40Q, where Q is measured in tons of canola oil. The corresponding marginal cost function is given by LMC = 6 Q2 – 30Q + 40.   a. Calculate and graph the long-run average total cost of ...
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Herfindahl-Hirschman Index Assignment Help With Solution

Herfindahl-Hirschman Index Assignment Help 1.In the 1980s, PepsiCo Inc., which then had 28 percent of the soft-drink market, proposed to acquire the Seven-Up Company. Shortly thereafter the Coca-Cola Company, with 39 percent of the market, indicated it wanted to acquire the Dr Pepper Company. Seven-Up and Dr Pepper each controlled about 7 percent of the market. In your judgmen...
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Firm Economics Assingment Help With Solution

Firm Economics Assingment Help With Solution   Specifically the following critical elements must be addressed:   IV. Examine the costs of production for your firm. a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability. b) Apply the concepts of variable and fixed costs to your firm for informing its...
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Monopolistic Economic Assingment Help With Solution

Monopolistic Economic Assingment Help With Solution  Choose any One of the topics from the following list:  • Scarce resources- which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem!  • Micro economics – Choose any industry and di...
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Mortgage Economics Assingment Help With Solution

Mortgage Economics Assingment Help With Solution  Explain and compare these four different scenarios on how mortgage, depreciation and tax expense impacts decisions on whether or not to purchase a single family income property as an investor. Scenario 1: If the mortgage rate rises from 5% to 10% yet the appreciation of houses that consumers can buy rises from 2% to 9...
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Illinois Department Economics Assingment Help With Solution

Illinois Department Economics Assingment Help With Solution   1. The Illinois Department of Transportation is considering building a new highway on a route described below. This highway will be fully equipped with tolling technology.   a. If the highway is built with two lanes. What will be the efficient short-run traffic volume? Explain.   b. For the effi...
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