Discussion ECON201 Discuss: “The equilibrium output is an efficient allocation of resources. Hence laissez-faire is the best policy”. Reply to at least two peer responses to this week’s discussion question. Your replies need to be substantial and constructive in nature.
Discuss the following statement; “Economists need to pay more attention to the real’s world business.
ASSIGNMENT 1.The following table gives you long-run total costs for various levels of output of Consolidated National Acme, Inc.: (4 points) Q TC LRATC […]
Using the information provided, determine the number of theoretical stages required for this separation.
Absorption and gas stripping It is desired to absorb 90% of the acetone in a gas containing 1.0 mol % acetone in air in a counter current stage tower. The total inlet gas flow to the tower is 30.0 kg mol/h, and the total inlet pure water flow to be used to absorb the acetone […]
Is it possible to reach a market equilibrium if the price of orange juice PJ remains unchanged? Why? How much quantity of orange juice will finally be exchanged on the market?
Microeconomics Q1 Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate the […]
Compare the time that it takes the transmitting electron to complete one full cycle of motion to the time it takes the receiving electron to complete one full cycle of motion.
Radio Waves Download and run the PhET Radio Waves and EM Field simulation. Use the simulation to answer the following questions. Select the following simulation settings: manual, full field, electric field, and static field. Record your observations. Move the electron down the antenna. Record your observations. Move the electron back to its starting position. Change […]
Using the ruler located on the right, measure the distance between the green lines and the blue lines. Record the measurement in meters.
Simple Harmonic Motion Often time in nature, when an object undergoes a small displacement from equilibrium position, it undergoes oscillatory motion about that equilibrium position; such behavior is called harmonic motion. Examples of harmonic motion include springs, pendula, and even circular motion. When no damping forces affect the oscillating object, the behavior is know as […]
What happens to market-clearing, or equilibrium, interest rates in a capital market when the demand for funds declines?
Capital Market What role do interest rates play in allocating capital to different potential borrowers? What happens to market-clearing, or equilibrium, interest rates in a capital market when the demand for funds declines? What happens when expected inflation increases or decreases? How does the price of capital tend to change during a boom or a […]
From the table can we obtain a long run perfectly competitive equilibrium price and quantity? Explain why or why not.
Micro Economics Find the MR and MC for different quantities of production and enter your answers on the table. Find the monopolist’s equilibrium quantity and price. iii. From the table can we obtain a long run perfectly competitive equilibrium price and quantity? Explain why or why not. (HINT: In long run perfect competition leads to […]
Calculate the price elasticity of demand for frozen orange juice between the prices of $2.00 and $3.00. Is the demand elastic or inelastic?
Problem 1: (10 points) The following events occur one at a time. The price of crude oil rises. The price of a car rises. iii. All speed limits on highways are abolished. Robots cut car production costs. Explain the effect of each of these events on the market for gasoline (the equilibrium price and the […]
Show and explain the situation in which a profit maximizing, perfectly competitive firm is earning a positive economic profit.
Economic profit maximization Graph the profit maximization for a perfectly competitive firm. Show equilibrium profit and quantity. Show and explain the situation in which a profit maximizing, perfectly competitive firm is earning a positive economic profit. Be sure to label the profit maximizing level of output and shade in the area that represents profit. Show […]