Tag Archives | Examples

Top 11 Examples to Illustrate the Theory of Production

List of top eleven examples to illustrate the theory of production. Example 1. Suppose that a product requires two inputs for its production. Then is it correct to say that if the prices of the two inputs are equal, optimal behaviour on the part of the producer requires that these inputs be used in equal amounts? Solution. It is not [...]

By Vanshika Ghosh|2016-09-17T15:57:36+05:30September 17, 2016|Theory of Production|Comments Off

Examples of Monopoly | Microeconomics

List of top five examples of monopoly. Example 1. Determine the maximum profit and the corresponding price and quantity for a monopolist whose demand and cost functions are p = 20 - 0.5q and C = 0.04q3 -1,94q2 + 32.96q, respectively. Solution. The demand or average revenue (AR) function of the monopolist is Example 2. Let the demand and cost [...]

By Vanshika Ghosh|2016-09-17T15:56:34+05:30September 17, 2016|Examples|Comments Off

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