## economics-QA/9

Problem 1 Consider a vehicle miles traveled (VMT) tax—a policy of charging motorists based on how many miles they have traveled. For example, an onboard vehicle device might be used to capture the distance driven by a vehicle through GPS or other technology, and then the government collects from drivers a specific tax per mile driven. In the market for miles driven by car, t...

## 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 ...

## 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...

## 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 ...

## Marginal-revenue, Marginal-cost, and Demand curves Assignment Help with Solution

Marginal-revenue, Marginal-cost, and Demand curves Assignment Help 1.Find out the missing frequencies of the following series if the A.M. is 35 and total number of items is 100.   Class interval Frequency 0-10 5 10-20 10 20-30 ? 30-40 4 40-50 20 50-60 3 60-70 ?     2. A construction company is building ...

## 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...

## Ernie’s Water Pump Assignment Help With Solution

Ernie’s Water Pump Assignment Help With Solution   1.Ernie owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Here is the cost he incurs to produce each bottle of water:   Cost of first bottle\$1 Cost of second bottle \$3 Cost of third bottle \$5 Cost...

## 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...