Economic problem

Suppose there is a water project, in where $100,000,000 has been spent. Additional cost is needed is $200,000,000. When completed the project will yield total $150,000,000. There is an argument when the project should completed. Otherwise the first $100,000,000 will have been wasted. What comment and recommendation is needed fo ...continues

Lon Run Average cost curve

I. What assumption gives rise to a U-shaped long run average cost curve for the firm? (Describe shortly) II.What ways firms in on oligopoly try to elminate or control the consequences of this charcteristic?

Option Pricing

Please see attached problem

Elasticity of demand

Define the elasticity of demand. What has happened to the demand elasticity for most firms during the last 10-15 years? Explain

cross elasticities

What signs are the cross elasticities for substitute products. Explain.

cross elasticities

How can cross elasticities be used to help define the relevant firms in an industry?

4 Questions...

Just answers the questions below using some economic concepts. 1.) Discuss an example of supply and/or demand that you have observed in the real world. Be don't use the example for the questions below, use something else. 2.)I was thinking about the gas prices, in a way it has to do with supply and demand, right? Because ...continues

4 econ. questions...

Just answers the questions below using some economic concepts. 1.) Find a real world example depicting price elasticity of demand. Be sure to explain how the concept of price elasticity demand would impact the seller's revenues should the seller choose to raise the price of the product. Please do not use the example for the q ...continues

Any Help would be appreciated on these problems

Problem: The technology of a firm making high end, solid gold bracelets in Soho (NYC) is described by the production function: q = 6.0 L3/4K1/5 where q is the number of bracelets produced per year, L is the number of metallurgist employed by this firm and K is the number of capital units used, measured in square foo ...continues

Production function, equilibrium output, and resources employed by a high end solid gold bracelet manufacturer.

The technology of a firm making high end, solid gold bracelets in Soho (NYC) is described by the production function: q = 6.0 L3/4K1/5 where q is the number of bracelets produced per year, L is the number of metallurgist employed by this firm and K is the number of capital units used, measured in square footage of fact ...continues