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Part D E
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- 1. Mzanzi-Ndizvo (Pty) is a vaccine manufacturing company that has the following costs ofproduction. Cost of capital is R50 000, labour cost is R30 000, and the total cost the firm is willing to pay is R300,000. Identify the type of this production function and Illustrate it with a 2D graph. 2. If the demand and supply curve for cell phones is given by: D = 80 - 4P, S = 40 + 6P In a market with a price of P for smartphones, compute the number of phones that would be bought and sold at equilibrium.9. The supply curve for the product X is given by Qd=-520+20P. a. Find the inverse supply curve.urgent Question 3.Assume that a Swiss drug company holds the patent on a malaria medicine that has no closesubstitutes. If it charges the same price in every country where it sells this medicine, a price thatwill maximize its profits, that price will exceed what the vast majority of consumers in twentylower-income countries can afford to pay.a) Illustrate this situation using supply and demand curves.b) Use supply and demand curves to show how the Swiss company can sell at different prices ineach country and make a profit in each. Identify on the curves the profit the Swiss companymakes in a typical poorer country, and the profit it makes in a wealthier country.c) What condition is necessary for the Swiss company to be able to follow this strategy?
- a. In the long run, what is the firm's equilibrium production decision? b. In the long run, what is the market equilibrium price and quantity? What is the industry's long-run supply curve? c. In the long run, how many firms will stay in the industry? d. If the government decide to impost a $7 tax per unit, what is the new long-run equilibrium market price and quantity? e. How many firms are producing after the taxQ1. I already provided Answered for Question A,B,C and D I need the answer for E,F and G only If you will use hand writing pls make shur it's understanable Consider an example of the vehicle tires; if the supply and demand are: Qs = - 500 + 8p ; Qd = 500 –2 p Solve: Equilibrium price and equilibrium quantity and calculate total revenue? Equilibrium price Qd = Qs 500-2P = -500+8P P = 100 Equilibrium quantity = 500-2(100) = 500-200 = 300 Tot revenue = 100*300 = 30000 If there were a price celling equal to 120 SAR per each tire imposed, calculate the price elasticity of demand? Does this consider elastic, inelastic or unit elastic? Also, calculate the total revenue? Now, with price ceiling of 120SAR, Quantity demanded= 500-2(120) = 500-240 = 260 elasticity if demand = Percentage change in quantity/ percentage change in price = 40/300*100/20 = 0.67 Total revenue = 260*120 = 31,200 Now consider the vehicle battery; if the supply and demand is:…Let a = 8 and k = 1. Compute the equilibrium prices, quantities and profits. .
- ***Just the last paragraph of the question please*** A ski resort in the White Mountains has conducted market and cost studies, and has determined that the demand and supply for ski-lift tickets at their resort are represented by: Qd=1750 - 5P - 8PR + 2PB; Qs=50 + 20P - 3PE. In these equations, P represents the price of a full-day lift ticket, in dollars per ticket; PR is the price of a ski-rental package; PB is the price of a pint of beer at the local pub in the nearby town; and PE is the price per megawatt hour for the electricity used to run the chair lifts on the ski slopes. Based on the equations above, determine whether the beer in the local pub is a substitute or complement to skiing. Briefly explain your answer. Suppose the price of a ski-rental package is $20, the price of a pint of beer is $5, and the price of electricity is $150 per megawatt hour. Calculate equilibrium price and quantity of ski-lift tickets. Now consider the more general relationship between the price of…a) What is the firm's marginal cost when it is producing y units of output? b) Imagine that the price of input 1 is $16 per unit, the price of input 2 is $25 per unit, and the firm has fixed costs of $60. The firm is in a competitive market where the market price is $240 per unit of output. How much should the firm produce? How much profit does the firm make?1.- A company that works in a perfectly competitive market has a total cost function: TC = Q3 - 36Q2 + 540Q + 600 The supply and demand functions in that market are: QS = 5P -500 Qd = 4,000 -10P b) Find what benefit you will get d) Represent graphically the market equilibrium and that of the company, including the closing point e) Locate the rectangle that represents profits on the company's equilibrium graph. Calculate your área considering the values taken by the base and the height. Validate that it reaches the same result (or very close) to the one obtained in part b).
- Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q - This is the demand function Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - L Q=$1120- SA Question #3 Ed=−1.25 - L Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - L 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question #5 A-C Given Question #2 Demand Function for San Antiono - Q=$1120- SA Question #3 Elasticity of Demand - Ed=−0.55 Markup - 0.64<-1/-0.55--markup index it is charging lessDuring the night, the electricity sector has a marginal cost of $1/MWh (megawatt-hour) forthe first 100 MWh produced (from wind turbines), and $20/MWh for each additional unit (from gasgenerators). During the day, they have a marginal cost of $1/MWh (megawatt-hour) for the first 50MWh produced (from solar panels), and $20/MWh for each additional unit (from gas generators).Nighttime and daytime demand are given by QnightD = 50 −P and QdayD = 200 −P , respectively.What are the market quantity and price during the day, and the market quantity and price at night?This is a model of the wholesale market for electricity, which you can think of as being competitive,but there is no resale between night and day.After mining 9,273 tons of coal, Blue Sky Mining’s managers note that the marginal cost of mining the next ton of coal would be $40 per ton. They also calculate that the user cost of mining that next ton of coal would be $35. If the market price of coal is $72, should Blue Sky mine an additional ton of coal? a. Yes. b. No. c. More information is needed.