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Supply and Demand

Airline Industry Analysis

Prepare a paper analyzing the current market conditions of the Airline industry including a supply and demand analysis that answers these questions: 1) Is supply increasing or decreasing and why? 2) Is demand increasing or decreasing and why? 3) Price trends (cost of productions) Include references and citat

Over-Supply Scenario

In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. What does this tell you about the price in the market? Carefully Explain with supply and demand analysis.

Managerial Economics - Optimal output and price

Please see attached file for complete questions. The locust corporation is composed of a marketing division and a production division. The marginal cost of producing a unit of the firm's product is $10 per unit, and the marginal cost of marketing it is $4 per unit. The demand curve for the firm's product is P=100-0.01Q

Question about Market Concentration

PART 1 Select any company and think about its buying and selling activities -- everyone buys and sells, or at least "procures" and "supplies", or otherwise participates in exchange transactions. Please address the following questions in a 2 page double spaced paper 1. Who are the organization's' clients/customers? What pr

Demand, Supply, Cost, Average Cost and Marginal Cost

The market demand function of a firm is given by 8P + Q - 64 = 0, and the firm's average cost function takes the form AC = 8/Q + 6 - 0.4Q + 0.08Q2. i)Determine the price and quantity for maximum sales revenue and calculate the maximum revenue. ii)Determine the price and quantity for minimum marginal costs and calculate the min

Supply and Demand for Northern Granite Company

Northern Granite company, a company in New England, installs granite counter tops in homes. When it first entered the business, the price per foot for installing a granite counter top was $180 per square foot, and Northern Granite was making substantial economic profits. However, the market price for installing kept falling as c

Cost Curves in Perfectly Competitive Firms

Catfish farming in Louisiana is a perfect competition industry. Hence, consumers of catfish are getting their catfish at the minimum cost per unit of producing catfish, and they are very happy. However, it turns out that farming catfish in ponds is producing substantial pollution run off of foul water into nearby creeks and rive

Price floor and Opportunity Cost

1. What entity establishes a price floor and does it require government sanction for violators? Will it result in a surplus or a shortage? 2.Define equilibrium in terms of the following: -The plans of suppliers and demanders -The budget line and the indifference curve. 3. What does the concept of opportunity cost indi

The Demand and Supply Curves

The demand and supply curves for T-shirts in LA, Ca, are given by the following equations: Q= 24,000 - 500P Q= 6,000 + 1,000P where P is measured in $ and Q is the number of T-shirts sold per year. a. Find the equilibrium price and quantity algebraically. b. If the tourists decide they do not really like T-shirts

Consumer surplus & output price

Under patent protection, a firm has a monopoly in the production of a high-tech component. Market demand is estimated to be: P = 100 - 0.2Q. The firm's economic costs are given by: AC = MC = $60 per component. a) Determine the firm's output and price. b) After the firm's patent expires, predict the new market output and pric

alternative regulatory regime

A monopoly has demand given by P=20,000-25Q, and costs given by C(Q)=100Q+25Q2. Find the profit maximizing level of price and output. A regulator wants to set P=MC. Is this feasible? Discuss an alternative regulatory regime, and discuss the merits of both.

Suppose a market is characterized by a unionized and a non-unionized sector.

Suppose a market is characterized by a unionized and a non-unionized sector. Both sectors initially have supply given by Q=10,000+25w, and demand by Q=20,000-10w, where w is the weekly salary. Find the initial equilibrium wage and labor utilization. Now, in the unionized sector, a wage of 300 is negotiated. What is the dem

Aggregate supply and aggregate demand

Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each government policies will move the enconomy from one long-run macroeconomic equilibruium to another. Illustrate with diagrams. In each case, what are the short-run and long-run effects on the aggregate price

Statements Containing Common Errors

The following two sets of statements contain common errors. Identify and explain each. A) Demand increases, causing prices to rise. Higher prices cause demand to fall. Therefore, prices fall back to their original levels. B) The supply of meat in France increases, causing meat prices to fall. Lower prices always mean that

Demand and Supply Curves Explanation

Suppose the demand and supply curves for eggs for the United States are given by the following equations: Qd= 100 - 20P Qs= 10 + 40P Where Qd = millions of dozens of eggs Americans would like to buy each year; Qs = millions of dozen of eggs U.S. fa

Explain why, at one point in time, a Keynesian approach to managing the macro-economy might be appropriate while, at another point in time, a Classical approach might be more likely to produce a superior outcome.

Explain why, at one point in time, a Keynesian approach to managing the macro-economy might be appropriate while, at another point in time, a Classical approach might be more likely to produce a superior outcome. Make sure the outcome you address includes inflation and employment issues.

Assume the banking system is in reserve equilibrium.

Assume the banking system is in reserve equilibrium. The Fed conducts an open market purchase of Treasury securities in the amount of $1 billion. The reserve requirement against deposits is 10%. Identify the potential amount of the money supply increase as a consequence of the Fed's action and describe fully how money is crea

Apple Inc

I need to do research on the Apple company for an example of what will be on the real test. Basically I choose Apple because the organization that will be used is almost like it in a round about way. So here is what I need help with. I need to find the issues or opportunities that the organization faces. (Apple being the organ

Optimal Output and Marginal Product of Workers

Q-3 Input Factors You have been hired to manage a small manufacturing facility which has cost and production data given in the table below. Total Total Workers Labor Cost Output Revenue 1 $500 100 $700 2

Aggregate Supply Curve: Example Problem

I am struggling understanding the following: Why does the aggregate supply curve become very steep after potential output is reached? What does it mean for inflation when the demand curve shifts and crosses into this steep portion of the supply curve?

money supply and demand curves

Please see attached file. 1. During the fourth quarter of 1993, real GDP in the United States grew at an annual rate of over 7 percent. During 1994, the economy continued to expand with modest inflation ( Y rose at a rate of 4 percent and P increased about 3 percent). At the beginning of 1994, the prime interest rate ( the in