The following is the quantity demanded and quantity supplied equation in the market.

Qs=2p, Qd=12-p

What is the market equilibrium price and supply for the market above?

If there was a tax of 6 dollars on firms how much will the firms receive from the buyers ( the price they get) , how much will consumers pay for good, how much will the government make in revenue?

What types of goods tend to be inelastic? Should the government tax these types of goods, Why or why not?

A coffeeshop determines that it can sell 40004000 cups of coffee at a price of $2.252.25, but for every $1 increase in the price, their sales will decrease by 5600 cups and for every $1 decrease, their sales will increase by 5600 cups.

A function giving the revenue earned when the price of coffee is xx dollars per cup is R(x)=R(x)=   

The coffeeshop can earn a maximum of  when the price of a cup of coffee is $  (round your answers to two decimal places)

Compare the alternatives C and D on the basis of a present worth analysis using an interest rate of 7% per year and using a study period of 10 years. What would be the resulted present worth of the alternative to be selected.

A profit-maximizing firm in a competitive market is able to sell its product for $9. At its current level of output, the firm's average total cost is $10. The firm's marginal cost is the same as its marginal revenue at its current output level of 20 units. The firm experiences a

Select one: a. loss of more than $20.

b. profit of more than $20.

c. profit of exactly $20.

d. loss of exactly $20.

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $175,000; beginning inventory $119,000; cost of goods sold $414,540 and sales revenue $773,000.

Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)

Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal places, e.g. 125.)

4. Suppose a monopolist’s cost is given by C(Q) = 12 + Q2 and the industry demand for the product is estimated to be P = 24 – Q.

   a. Graph demand, marginal revenue and the marginal cost curve. What is the monopolist’s profit maximizing quantity and price?

   b. If this industry was made up of many firms that produced an identical product what would be the resulting equilibrium quantity and price?

   c. Is there deadweight loss in the case of a monopolist? If so, compute and label on the graph.

2. A company is considering an investment of $600,000 in a new product line. The investment will be made only if it will result in a rate of return of 20% per year or higher. If the net cash flow is expected to be between $150,000 and $250,000 per year for 6 years. Use present worth analysis to determine if the decision to invest is sensitive to the projected range of revenue. Show how you arrived at your decision. Please solve without using Table or excel