Study Session 4: Economics: Microeconomic and Macroeconomics
Can somebody please explain how is it derived?
Change in total revenue (ΔTR), the numerator of the ratio, can be written as (P)(ΔQ) + (Q)(ΔP).
What will happen to Qd of a perfectly eleatic good when price drops? Qd remain constant?!!
Can I say that the giffen good is a type inferior goods with the lowest prices/quality/level??
Grateful if you could help on the below and advise why the question cannot be A or C?
Deep River Manufacturing is one of many companies in an industry that make a food product. Deep River units are identical up to the point they are labeled. Deep River produces its labeled brand, which sells for $2.20 per unit, and “house brands” for seven different grocery chains which sell for $2.00 per unit. Each grocery chain sells both the Deep River brand and its house brand. The best characterization of Deep River’s market is:
I have the following question that I would like to understand :
The demand schedule in a perfectly competitive market is given by P = 93 – 1.5Q (for Q ≤ 62) and the long-run cost structure of each company is:
Total cost: 256 + 2Q + 4Q2
Average cost: 256/Q + 2 + 4Q
Marginal cost: 2 + 8Q
New companies will enter the market at any price greater than ? : 66
My questions are :
The monthly demand curve for playing tennis at a particular club is given by the following equation: PTennis Match = 9 − 0.20 × QTennis Match. The club currently charges members $4.00 to play a match but is considering adding a membership fee. If the club continues to charge the same per play charge, the most that it will be able to charge as a membership fee is closest to:
A is correct. On rearrangement, the demand function is:
Working through the Macroeconmics section and not entirely understanding this:
Looking at the Aggregate Supply Curve(s) - when they speak of Price Level, vs Input Price vs Output Price.
How can I think about each (how are they entirely different) from the AS point of view?
Been 20 years since I tackled macro, slowly coming back to me….. thank you.
Consider the following graph
I read from CFA L1 notes that “At any output above the quantity where MR=MC, the firm will be generating losses on its marginal production and will maximize profits by reducing output to where MR=MC.” But now consider this:
Can somebody explain me how leading, lagging and coincident indicators work. I went through reading several times, and still cannot distinguish the indicators.
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