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Author Question: A decrease in demand is represented by: a. a shift outward of the entire demand curve. b. a shift ... (Read 110 times)

leo leo

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on: Jul 1, 2018
A decrease in demand is represented by:
 a. a shift outward of the entire demand curve.
  b. a shift inward of the entire demand curve.
  c. a movement along the demand curve in a southeasterly direction.
  d. a movement along the demand curve in a northwesterly direction.

Question 2

Globo Public Supply has 1,000,000 in assets. Its demand curve is: P = 206 - .20Q and its total cost function is: TC = 20,000 + 6Q where TC excludes the cost of capital. If Globo Public Supply is UNREGULATED, find Globo's optimal price.
 a. 206
  b. 106
  c. 56
  d. 6
  e. 3


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mariahkathleeen

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


leo leo

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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