Aphria Corporation listed on the Toronto Stock Exchange (TSX) is producing 1,000 units of output in the short-run. It has ATC of $100, and its AVC are $75. Aphria Corporation's total fixed costs are: Multiple Choice $40. $25,000. $0.03. $25.
Q: next year to be 2 percent and the nominal interest rate is percent. Suppose that corporations expect…
A: The issue you raised has to do with macroeconomics, more especially with the loanable funds market…
Q: Make a copy of your spreadsheet and double the fixed costs. How does this change your answer to…
A: The objective of the question is to understand the impact of doubling the fixed costs on various…
Q: 11. What is the difference between simple and compound interest? Give an example of each.
A: Economics is the social science that studies the production, distribution, and consumption of goods…
Q: In the 1870s and the 20th, there were similar changes in wage growth due to technological progress.…
A: A budget constraint, also known as a budget line or budget hyperplane, is a line or plane that shows…
Q: Place the black point (plus symbol) on the graph to indicate the profit-maximizing price and…
A: There are many sellers, however, the products produced by each seller are different. The products…
Q: Which of the following statements describes economic growth?
A: The production possibility frontier (PPF) shows the combination of two goods that an economy can…
Q: Q2: Consider a person who is thinking about whether to engage in a life of crime. He knows that, if…
A: a) As can be seen from the above problem there is a person who is thinking of engaging in crime. He…
Q: The table below shows the total expenditure on a basket of goods and services; use this information…
A: A price index measures the average change in prices of a basket of goods and services over time. It…
Q: There is more than $28 million worth of gold (at 2014 prices) in each cubic kilometer of seawater.…
A: National debt:A significant national dеbt may rеsult in rеducеd funding for public Thе national…
Q: Use the "Monetary Policy I" Figure 31-5. If the money and the central bank chooses to buy bonds,…
A: Monetary policy is the process of controlling the money supply by the central bank of the nation…
Q: $500 grows to $1,500 over a certain period and interest rate, what will be the present value of…
A: Present value represents the current worth of a sum of money that is to be received or paid in the…
Q: Bright Inc. will be receiving $5,500 at the end of every month for the next 3 years. If these…
A: According to time value of money the sum of money presently has more value than the same sum to be…
Q: Figure 8-6 Price $22 16 10 9 2 Tax 300 600 S a. It would fall by $2400. b. It would fall by $600. C.…
A: Equilibrium in the market occurs at the intersection of the demand and supply curves. Consumer…
Q: AGGREGATE OUTPUT/INCOME 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 CONSUMPTION 2,100 2,500…
A: Aggregate Output/Income: It's the total value of all goods and services produced in an economy,…
Q: (Figure: The Perfectly Competitive Firm) Use Figure: The Perfectly Competitive Firm. The figure…
A: A perfectly competitive firm is one among many in a market where products are identical, and entry…
Q: The table below shows that a sales agent can work with either low, or high amount of effort. Low…
A: EffortWageCost of effortNet wageTotal profitNet…
Q: 515. If interest rates fall, bond and bond prices holders (1) fall; suffer a capital loss (2) fall;…
A: Understanding the relationship between interest rates and bond prices is crucial for investors…
Q: Cash Treasury Bonds (>1 yr) Corporate Bonds Rated A Mortgages Small Business Loans (1 yr) Tier 2…
A: The balance sheet lists all of the company's assets together with its financing sources, including…
Q: An Increase in Demand A Decrease in Demand An Increase in Supply A с a. space C O b. space D 0 с.…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: Calculate total costs at 4 units of output. Do not put a dollar sign in your answer. (The 6…
A: Disclaimer- “Since you have asked multiple questions, we will solve the first three questions for…
Q: A manufacturer sells a particular product in both Brazil and the U.S. In Brazil, the manufacturer…
A: a. The manufacturer currently sells 4,900 units per year in Brazil at a price of $200, with a…
Q: 1. The table below describes traffic on a congestible freeway. Plot and label the marginal social…
A: The toll needed to reduce traffic from the equilibrium to the social optimum is the difference…
Q: 8. If market price is $80 and the firm maximizes profit, what is the revenue that the firm will…
A: The total amount of money that a business or individual makes from the sale of products, services,…
Q: In a macroeconomy where textile and information technology are among the major industries, the…
A: The calculation of the U-3 unemployment rate involves diving the number of unemployed individuals by…
Q: 1. Suppose steel is produced by a monopoly with a typical cost structure. a. Graphically show the…
A: The significance of the steel sector in economic growth is rooted in its role as a cornerstone for…
Q: Use the table below: Government spending Social Security 50 20 Contributions Corporate taxes 5…
A: DISCLAIMER “Since you have asked multiple questions, we will solve the first three questions for…
Q: Which of the following can create monopolies? a. Economies of scale b. Scarce resources c.…
A: A single seller in the market is called a monopoly market. The sole seller sells the goods in the…
Q: Explain why the demand curve in the foreign exchange market slopes downward. Who causes it to have…
A: The issue you raised has to do with the foreign exchange market, more precisely with the variables…
Q: Consider the following diagram, in which the current short-run equilibrium is at point A. a. At…
A: Aggregate demand is the sum of consumption, investment, government spending and net export. This…
Q: Using the Isorevenue , how many bushels of corn you will produce? From your answer to a) illustrate…
A: Isorevenue curve represents the combination of 2 goods, when sold in the market provides the same…
Q: Information concerning a product produced by Ender Company appears here: Sales price per unit…
A: Sure, let's go step by step to answer each part of the question.a. Contribution Margin per Unit:The…
Q: Lagatt Green is a monopoly beer producer and distributor operating in the hypothetical economy of…
A: Monopolist maximizes profit by manufacturing at a quantity level where marginal cost equals marginal…
Q: With the aid of a relevant diagram, discuss the economic analysis of a quota against free trade.…
A: Free trade alludes to the economic policy and practice of permitting goods and services to be traded…
Q: Question 35 (Table: Three-Country Oil Production) Refer to the table. Suppose that three countries…
A: Total revenue signifies the amalgamation of monetary value that a corporation accumulates through…
Q: What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision…
A: The Certificate of Need (CON) program is a regulatory process used in the healthcare industry to…
Q: using the diagram below defent thr point that a free market will always move from disequilibrium to…
A: Market equilibrium refers to a condition at which the quantity demanded of a goods or services…
Q: The Calculus of Demand Calculus Appendix Figure It Out: Question 1 of 3 Antonio gets utility from…
A: Demand refers to the quantity that a consumer wishes to buy at a given price in a given period of…
Q: The figure to the right illustrates the supply of fireworks and the demand for fireworks by David…
A: Public goods are products that are available for all and whose consumption by one person doesn't…
Q: How much more (or less) output will the average American have next year if the $22 trillion U.S.…
A: The value of final services and goods produced in a country at a particular time is known as Gross…
Q: Set up an aggregate demand-aggregate supply model in the long run equilibrium. Be sure to label all…
A: AD and AS models in the long run establish the equilibrium output level which is also known as full…
Q: Consider a perfectly competitive, constant cost industry with identical firms and downward sloping…
A: There are many sellers, however, the products produced by each seller are different. The products…
Q: QUESTION 4 is the following statement true or false? "Perfect competition is a situation in which…
A: The market is characterized by a large quantity of sellers and buyers with homogeneous products. The…
Q: Which of the following are characteristics of the perfectly competitive market model? buyers and…
A: A market model refers to the framework or structure that describes how supply and demand interact in…
Q: Price ei D D₁ (c + h) (b+c+d) S₁ (b+c+d+f+g+h+i+j) Sd Da Domestic price with subsidy World price…
A: Export subsidies are government payments to exporters to help them develop new sales markets or sell…
Q: QUESTION 15 Expenditures, Income 60 50 40 30 20 10 0 80 Price level .88888 70 60 50 30 10 0 0 0 10…
A: The models of aggregate income and aggregate expenditures, which establish aggregate demand, are…
Q: The U-1 rate for April 2020 was 1.1%.The U-3 rate for April 2020 was 14 .7%. Based on the answers to…
A: The unemployment rates reported by the Bureau of Labor Statistics (BLS) in the United States come in…
Q: When consumers are maximizing their utility, they have to consider choosing the optimal combination…
A: According to the utility maximization model, the rational consumer seeks to maximize the utility…
Q: For the large-country in the graph, the free-trade price of the product is. Price $25 $20 $15 4 --…
A: Import refers to the purchase of foreign goods and services by a nation. A country imports a good…
Q: 8. The sources of inflation During World War I and World War II, the U.S. government spent large…
A: A government often implements fiscal policy to stabilize the economic condition. It helps the…
Q: Refer to the following figure. What is the equation for marginal revenue? 20 15 Price (dollars) 810…
A: Demand schedule is the tabular representation of quantity demanded at various price levels. Demand…
Step by step
Solved in 3 steps with 23 images
- Ball Bearings, Inc., faces costs of production as follows: Quantity (cases) Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 $100 $0 $ 100.00 N/A N/A N/A N/A 1 100 50 $ 150.00 $ 100.00 $ 50.00 $ 150.00 $ 50.00 2 100 70 3 100 90 4 100 140 5 100 200 6 100 360 a. Calculate the company’s average fixed cost, average variable cost, average total cost, and marginal cost at each level of production.Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. If your aunt thought she could sell $510,000 worth of merchandise in a year, what is your aunt’s accounting profit?George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are $15,000 per month. The marginal cost per T-shirt is a constant $4. What is its break-even price? What would be George’s break-even price if he were to sell 50% more shirts?
- You own AAA Audio/Video Repair. You make service calls to customers’ homes to repair their audio/video equipment such as television sets and home theater systems. Your fixed costs are $10,000 per year, and your variable costs for each service call are $20. If you charge $75 for each service call, how many service calls will you have to make in order to break even?x Homework (Ch X ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=58830011095382489666091140&eISBN=97813... A McAfee A Linear equations cal... Sy Matrix Calculator watch Lenovo Support L Lenovo CENGAGE | MINDTAP Homework (Ch 07) Felix's only variable cost. Felix has a fixed cost of $80 per day and pays each of his workers $120 per day. Felix's total output schedule and total cost at each level of labor are presented in the following table. Labor Input (Number of Workers) 1 Fill in the blanks to complete the Marginal Product column for each worker and the Marginal Cost column at each level of labor. (Hint: Marginal cost is the change in total cost divided by the change in the quantity of output. You can calculate it here by dividing the increase in total cost from hiring one more worker by the marginal product from hiring one more worker.) NMT 5 2 3 + # 3 MindTap - Ceng X F3 E F4 Ş 4 When hiring the first and second workers, Felix's Burrito Stand faces Total Output (Burritos per…Aji Fatou is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $85,000 per year job as an engineer. If Aji Fatou thinks she can sell $570,000 worth of merchandise in a year, Aji Fatou's accounting profit is and her economic profit is (please put your answer for accounting profit and economic profit, in numerical values without any dollar sign, comma or decimal place). Should Aji Fatou open the store? (please put your answer as yes, no or indifferent, all lower cases).
- Economics of customer acquisition for fedex: 140 accounts in advertising industry use 2,285 courier paks (cp) per month cp price is $12.50 and variable cost is $4.25 retention rate = 0.9, discount rate = 12% what is the maximum fedex should be willing to spend to acquire a new account in this industry? what is the maximum that fedex should spend/customer per year to increase retention to 0.95? (could you show me it worked out? Thank you!) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is as indicated below. Output Fixed Cost Variable Cost Total Cost Marginal Cost Average Cost Average Variable Cost 1 $250 $700 $950 $700 2 $250 $925 $1175 $225 3 $250 $315 4 $250 $360 5 $250 $400 6 $250 $450 7 $250 $550 Complete the table. Round off to the nearest dollar. At what price is the zero-profit point? At what price is the shutdown point?Jason owns a small pizza restaurant, where he works full time in the kitchen. His total revenue last year was $136,000, and his rent was $2,610 per month. He pays his one employee $2,200 per month, and the cost of ingredients and overhead averages $960 per month. Jason could earn $32,600 per year as manager of al competing pizza restaurant nearby. What's Jason's accounting profit for the entire year? Your Answer: Answer
- The gap that exists in a graph between total costs and fixed costs represents the variable costs of the company. True or falseThe monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical alpaca wool-manufacturing firm in Peru, are shown in the table below. All firms in the industry share the same costs as Alpacky, and the industry is in long-run equilibrium. Output (units of wool) 0 1 2 3 4 5 AVC ($) 25.00 21.50 19.67 19.25 19.80 ATC ($) 35.00 26.50 23.00 21.75 21.80 MC ($) 25.00 18.00 16.00 18.00 22.00 Instructions: Round your answer to two decimal places. Given that the market is in long-run equilibrium, the market price is: $Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2021. Bartech's average variable cost function is estimated to be AVC = 10 − 0.003Q + 0.0000005Q2 Bartech expects to face fixed costs of $12,000 in 2021. What is the minimum average variable cost? a. $6.00 b. $5.50 c. $0 d. $6.50 e. $7.00
