Author Question: A decrease in demand is represented by: a. a shift outward of the entire demand curve. b. a shift ... (Read 127 times)

leo leo · **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