Find the value of B. Quantity Total Cost $5,000 Fixed Cost Variable Cost $1,000 $1,000 |Average Total Cost Average Fixed Cost Average Variable Cost $4,000 $7000 10 25 8000 B 40 11300 55 15050 70 19700 $8 O $200 $280 $320
Q: Based on Say’s Law... A) In the short run, the production and sales of a $10 product generates $10 ...
A: Based on Say’s Law The correct answer: option (B) In the long run, the production and sales of a $1...
Q: Quantity Total Fixed Costs Total Variable Costs (Dollars) (Dollars) 0 180 0 1 180 80 2 180 140 3 180...
A: Solution: (a)Formula used (i) Total cost (TC) = Total fixed cost (TFC)+ Total variable cost (TVC) (i...
Q: A cement factory and a hotel are situated next to each another. The cement factory’s demand is descr...
A: The problem is incomplete in the sense that the market structure is not clearly mentioned here, i.e....
Q: The following table shows the daily cost data and demand schedule for a typical firm producing board...
A: Marginal cost refers to the change in total cost with the change in quantity. Marginal revenue refer...
Q: If the percent rise in price is larger than the percent decline in quantity, then: the demand for yo...
A: The price elasticity of demand measures how a change in the price of a product affects the demand fo...
Q: What is the weighting problem? O The problem affecting CPI calculation since everyone buys different...
A: In CPI the government decides the weightage to be given to each set of goods and services, decidin...
Q: Q1- Find the gross domestic product/income using the income and expenditure method? Q2- personal inc...
A: The measure that depicts the final value of goods and services being produced in an economy within a...
Q: The income elasticity of Abigail’s demand for CDs is 0.75. For Abigail Cds are a normal good or an i...
A: In economics, income elasticity of demand is used to explore the sensitivity of the consumer's deman...
Q: Capital (K) Labor (L) Output (q) 8 0 0 8 1 6 8 2 13.5 8 3 23.5 8 4 31 8 5 37 8 6 42 8 7 46 8 8 49 8 ...
A: Given information
Q: 11. If two goods are complements, this means that a rise in the price of one commodity will induce A...
A: Correct option is C.
Q: Which of the following statements best describes the aggregate supply curve? A) The aggregate suppl...
A: Aggregate Supply curve is an upward sloping curve.
Q: A4 Suppose that good X is traded in a competitive market. The market clearing price is $25.00 and t...
A: Price elasticity of supply = Percentage change in quantity supplied / Percentage change in price
Q: Economic graphs microanalysis about vouch insurance?
A: To find : Analysis on vouch insurance company.
Q: £/unit 100 90 SRMC 80 70 60 50 40 30 SRAC 20 D= AR 10 MR 10 20 30 50 60 70 100 Units 40 80 90 Figure...
A: The profit maximization condition are as follows: 1- MR= MC ( Marginal revenue is equal to marginal ...
Q: Other things being constant, when a business issues more stock, the A supply of the stock is greater...
A: A stock is a security that addresses the responsibility for part of a partnership.
Q: Describe the difference between efficiency and effectiveness in government and give an example using...
A: Effectiveness vs Efficiency:- Effectiveness:- Effectiveness deals with the maximizing the desired r...
Q: A monopoly faces the following demand, total cost and marginal cost equations: P = 90 – .75Q TC = 18...
A: TC=180+15Q+1.75Q2MC=15+3.5QNow,TR=P×QTR=(90-0.75Q)QTR=90Q-0.75Q2Now,MR=∂TR∂QMR=90-1.5QThus, the prof...
Q: The assets of a commercial bank may include all of the following except: Question 28 options: ...
A: The depository institutions are those financial institutions which accept monetary deposits from con...
Q: You are interested in the effect of a factory being inspected on whether it reduces its pollution ou...
A: Introduction This effect of fussy regression can be solved by Cartesian method: number of reported v...
Q: Ceteris paribus , in a closed economy , if consumers become more pessimistic ------? -saving will i...
A: When talking about pessimistic behavior, it can be said that people will have lesser confidence on t...
Q: The textbook discusses several things that determine how price elastic the supply of a good or servi...
A: A product's price elasticity describes how sensitive suppliers and buyers are to price changes. It i...
Q: A manufacturer with exclusive rights to a new industrial machine is planning to sell a limited numbe...
A: Given Domestic demand curve of machine: pD=320-x4 ... (1) Foreign demand equation for machi...
Q: 1. In a certain country, the production function is y = Ak2.The fraction of output invested, s, is 0...
A: Given: The production function is: y = Ak12 The output invested is = 0.25 The depreciation rate is =...
Q: 4. Assume a two-country two-good two-input model. Let the countries in the model be Vietnam and Mya...
A: According to the Hecksher-Ohlin Model, Vietnam is abundant in labour so it exports shirts as the pro...
Q: Millie is looking at the sales forecast for the sales of classic waffles. She has given you some cos...
A:
Q: Q)If you know that the market of banana is in equilibrium, and if you know that the media encourages...
A: The markets are the place where the buyers, and the sellers of various goods and services tend to me...
Q: Question 4: For a compressor the probability of failure occurring during a given week is given in Ta...
A: The term maintenance expense refers to any cost incurred by an individual or business to keep their ...
Q: e accompanying table shows data from the World Bank, World Development Indicators, for real GDP per ...
A:
Q: two (2) differences between the consumer price index and the GDP deflator
A: CPI is Consumer Price Index. GDP Deflator is Gross Domestic Product Deflator.
Q: This argument is valid (use the Venn diagram to determine it): No X are Y Therefore, some non-X are ...
A: The statement says that No X are Y, it implies that the intersection between X and Y is 0. There is ...
Q: 1. Buyer Seller Relationship 2. Business Competition 3. New Business Venture
A: 1 Buyer Seller Relationship It is the buyer and the seller relationship in between the commitment an...
Q: The lower-income industrial countries are catching up to the higher-income industrial countries in t...
A: True The given statement is true. In these recent years the lower or middle income industrial countr...
Q: Quantity of Nominal interest rate money demanded Quantity of money supplied (percent per year) (tril...
A: The equilibrium nominal interest rate could be defined with the intersection between the demand and ...
Q: Suppose the structural model of Bangladesh is given below: Consumption function, C 100 + 0.80Ya Inve...
A: Goods market equilibrium occurs at a point where aggregate demand equates total income i.e. Y=C+I+GY...
Q: Why it could be the case that after an initial sharp increase, the budget deficit could drop through...
A: Budget deficit is when the government's expenditure exceeds the government's income.
Q: Q³ = 100 + 3P Qd = 400 – 2P where Q³ is the quantity supplied, Qª is the quantity demanded and P is ...
A: The GDP refers to the final value of goods and services produced in an economy during a year. This i...
Q: A certain machine has a initial cost of 50,000 and a book a value of 15,811.39 after five years. Fin...
A: According to the information provided in the question: Total accumulated depreciation (for 5 years)=...
Q: If a bank borrows funds owned by another bank (not the Fed) the interest rate agreed to between the ...
A:
Q: a)Following model was applied to manage a fish stock efficiently in the long run: Harvest function:...
A: Harvest function: H(E) = 80E-2E2 tons per year where E is the number of fishing boats Cost fun...
Q: Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold his CDs for $200. Ho...
A: Precautions regarding the calculation of GDP: Value-added does not include the sale or purchase of ...
Q: A debit card differs from a credit card in that Question 16 options: a) a credit card is a l...
A: A credit card is a card that allows the cardholder to borrow money from a financial organisation, us...
Q: a.) Graph Teddy's demand curve, with quantity on the x-axis. Suppose there is another consumer in th...
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...
Q: Greenmail Raider Do not Buy buy Management Raider 10 Management 10 Greenmail No greenmail Raider 15 ...
A: Backward induction is used by the Raider to pick takeover at the final decision node.
Q: If MPC=0.75 (and there are no income taxes) and if government purchases fall by 45, then the IS curv...
A: MPC is the marginal propensity to consume which is the change in consumption spending due to change ...
Q: Consider a bond with a principal of $1,000 that pays a coupon of $100 per year. If the bond matures ...
A: Bond: It is a fixed income instrument that represents a loan made by an investor to a borrower. We a...
Q: III. Given: C= 50,000 + .8YDISP T=.25Y TR = 10,000 G= 20,000 I= 10,000 (Consumption Function) (Tax E...
A: Following formulas are used to calculate the: 1) Level of transfer payments: Using the formula for ∆...
Q: he equations below represent the demand and supply curves for annual gym memberships in a certain ci...
A: Given Demand equation: qD=500-2p ... (1) Supply equation: qs=0.5p-50 .....(2)
Q: Use the graph below to answer the following question. 10 8 Long Run Average Total Costs
A: Economies of scale (or increasing return) occur when LRAC decreases as output increases. This happen...
Q: A money market mutual fund invests in Question 21 options: a) a combination of stocks, bonds...
A: A money market mutual fund is a type of fixed income mutual fund that invests in debt securities cha...
Q: A firm operating in monopolistic competition is maximizing its profit and earning negative economic ...
A: In monopolistic competition, there are many sellers with some market power. Marginal revenue lies be...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Quantity/Output Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost Marginal Cost (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 0 $50 $0 10 $50 $20 25 $50 $40 45 $50 $60 60 $50 $80 70 $50 $100PRINT YOUR NAME (LAST) (FIRST) Aggregate Cost Data Unit Cost Data Average Average Average I Fixed Variable Total Cost TC Marginal Quantity Fixed Variable Total Change in I Cost of Output (FC) (VC) Cost ATC Cost Cost Total Cost (TC) (ATC) Plot MC at Output Cost Cost IFC VC $600 $ 0 $ 600 I XX XX XX XX $3.00 $300 50 100 600 300 900 I $6.00 $3.00 $9.00 100 1.00 150 200 600 400 | 3.00 2.00 5.00 50 .50 - 250 300 1050 I 2.00 1.50 1.00 350 400 1150 I 1.50 1.38 2.88 200 2.00 - 450 500 600 750 1350 I 1.20 1.50 550 600 600 1200 1800 3.00 10.00 - 650 700 2200 2800 I.85 3.15 PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS 5-8 ARE ON PAGE 136. 1. How is marginal cost (ATC/AQ) represented in your graph on page 134? 2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a minimum at an output level of, units. 3. On your graph on page 135 Total Cost per unit (TC/Q or average…Please add the total cost to produce the assembly
- Marginal and Total Costs Quantity Total Marginal (Q) Cost Cost (TC) (MC) 0 15 15 1 25 2 70 70 30 3 4 40 5 45 6 250 60Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980Research an instance of an actual firm that has been engaged in cost-cutting measures. What actions specifically are being taken and considered? Has the cost-cutting been effective? Cite the source of your information.
- Identify the total cost and total revenueWhat is a cost that changes with the change in volume of activity of an organizationIf average cost is incresing as output expands, a marginal cost equals average cost b marginal cost exceeds average cost c marginal cost is less than average cost d not enough information
