Economic theory, option 3

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Uploaded: 11.08.2013
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Theoretical questions
1. The costs of the company in the short term, their dynamics
2. Features and pricing behavior of firms in the market of imperfect competition. Monopoly. Equilibrium.
3. Price discrimination: the nature, objectives and methods. Discrimination 1.2, 3 degrees.

Tasks
1. Demand and supply company described by the equations Qd = 70-2P, Qs = 10 + P. The government has introduced a tax on consumers in the amount of $ 9. Per unit.
Determine: 1) how to change the equilibrium price and the volume of production
2) The income of the state from imposing a tax
3) the extent to which affected by the introduction of the tax manufacturers.

2. Known data shown in Table. sales volume and changes in variable costs of firms operating in the market of imperfect competition:
Table
Q, pcs. 100 110 120 130 140 150
TR, den. u 1000 1080 1140 1180 1200 1050
VC, den. u 500 520 550 590 650 750
1) Determine the selling price and sales volume of the company, maximizing profits;
2). Draw the graph curve distribution, the marginal revenue curve and the marginal cost.

3. Analysts economists suggest that the price elasticity of demand for the commodity will change as follows:
Price 200 230 250 260 270 280
elasticity of 0.7 0.8 0.9 1.0 1.3 1.8
Calculate what price they recommend to install to maximize revenue
1) 250
2) 260
3) 270
4) 280

4. Dana production function Q (K, L) = 3K0,5 L0,3
It is characterized by:
A) increasing economies of scale
B) decreasing scale effect
B) constant returns to scale
D) data are insufficient

5. Determine which of the following combinations of values \u200b\u200bof total product illustrates the law of diminishing marginal productivity of factors of production:
a) 2500, 1500, 1250, 1200
b) 2500, 5000, 8000, 12000
c) 2500, 3000, 3200, 3300
r) 2500, 3500, 3600, 3800

References

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