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A: Revenue Function : R(x)=26x-x2 Cost Function : C(x)=x+20 (i) Profit function : P(x)=R(x)-C(x) P(x)...
Q: 3. Tyson Brothers Manufacturing is currently earning economic profit. However, the market for the m'...
A: The profit maximization condition is : P =MC.
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A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity s...
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A: Initial Equilibrium quantity = 100,000 Initial Price = 10 Initial profit per box = 10 - 2 = 8 per b...
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Q: Assume that the risk-free rate (Rp) is 3% and the market risk premium (km - RF) is 8%. If the value ...
A: Given risk free rate = 3 % Market risk premium = 8 % Beta = 0.5
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A: Crowding out is a situation that arises when the government applied pure expansionary fiscal policy....
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A: The 292.4 million tonnes of municipal solid waste (MSW) generated in 2018 are classified into two ca...
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A: To find : Which is true about planning commission.
Q: If the firm has a total cost function of: TC = 144 + 3Q Explain what this means in terms of profit...
A:
Q: The following table shows the amounts of five different goods that are included in a particular repr...
A: Price index measures the average change in prices of group of goods over time.
Q: 3. How much will you have in 40 years if you save $3,000 each year and your account earns 8% interes...
A: The information given to us is:- Saving per year = $3000 Tenure = 40 years Interest rate per year =...
Q: Assume the required reserve ratio is 10%. Suppose that currency in circulation is $600 billion, the ...
A: Required reserve ratio = 10% Currency in circulation = $600 billion Checkable deposit = $900 billion...
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A: Given information MARR=10%
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A: Absolute advantage: A country has an absolute advantage in the production of the commodities if more...
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Q: What is the tragedy of the commons? Explain how this concept might apply to an unregulated industry ...
A: The exploitation and unrestrained use of publicly available resources is the tragedy of the commons....
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A: True The given statement is true. The Common Agricultural Policy was founded on the economic notion ...
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A: Substitute Goods Substitute goods refers to the goods that can be used in place of one another. In ...
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A: In a market with elastic demand for products it will be favorable to decrease prices because for suc...
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A: Labor force participation rate= Labor forceTotal population*100 where the labor force is the sum of ...
Q: In the following game, identify how many subgames there are. Then, solve the game to find its subgam...
A: In game theory, a Nash equilibrium is an equilibrium outcome from which neither of the players will ...
Q: Suppose the market demand for pizza is given by Qd = 300 – 20P and the market supply for pizza is gi...
A: The market demand for pizza: Qd= 300-20P The market supply for pizza: Qs= -100+20P The market Equil...
Q: 9-3. Tyson Brothers Manufacturing is currently earning economic profit. However, the market for the ...
A: Disclaimer: There is an error in the TC function. The TC function should be TC= 500Q-20Q2 +Q3 instea...
Q: 7. A firm encounters its 'shutdown point' when
A: To find : When do firm encounter it's shutdown point.
Q: how does the position of the marginal consumer between any two firms depend on the total number of f...
A:
Q: Which of the following did A. W. Phillips demonstrate in his famous Phillips curve? An inverse relat...
A: An economic theory proposed by A. W. Phillips states that inflation and unemployment have an inverse...
Q: . Demand curve can be derived from
A: To find : How can be demand curve derived.
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A: Ways and Means Committee is a government body that is concerned with reviewing and making recommenda...
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A: Environmental economics is the study of the economics of environmental protection and the economic i...
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A: Future value is the value of a current resource at a future date in light of an accepted pace of dev...
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A:
Q: According to Lenin, what part does financial capital play in imperialism?
A: To find : What part does financial capital play in imperialism.
Q: The government decides to levy a lump-sum taxes by $50 billion which will reduce disposable income. ...
A: Lump sump tax A lump-sum tax is a type of taxation that is based on a fixed amount rather than the t...
Q: What are the effects of globalization on government in the global interstate system?
A: To find : Effect of globalization on government.
Q: Suppose the market demand for pizza is given by Qd = 300 – 20P and the market supply for pizza is gi...
A: Given: Qd=300-20P Qsd=-100+20P Note: Due to multiple subparts being posted, the first three subparts...
Q: The gravity model of trade describes an exact physical relationship between trade, distance and size...
A: "The statement is FALSE."
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A: Equilibrium GDP in short-run occurs at the intersection point of AD and SRAS If actual GDP <full ...
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A: Consumption and saving The use of products and the services by households is referred to as consump...
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A: Macroeconomics is the branch of economics that deals with concerning the economy as a whole.
Q: 1) Elaine wants to keep a good balance of soup and Jujyfruit (a delicious fruit flavored candy) in h...
A: Given information Utility function U=J0.5+S J=Jujyfruit S=soup PJ= Price of Jujyfruit Ps=Price of so...
How has Low Cost Carriers established a unique position in the aviation industry? (short essay)
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- Panther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…Demand curve of electric vehicles versus gas vehiclesNo written by hand solution Decreasing prices in the cosmetic industry to attract new customers within the market segment short essay
- An impersonal non-commercial source of information used to make travel decisions would be travel reports and reviews, or editorials in travel sections of newspapers O True O FalseDiscuss the supplier evaluation and selection process.Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: Average Quantity Current Total Variable Cost Contribution Margin Contribution Sold Price Revenue Per Unit Per Unit Margin* Model (Units/Month) ($) ($) ($) ($) ($) 15,000 30 450,000 15.00 15 225,000 В 5,000 35 175,000 18.00 17 85,000 10,000 45 450,000 20.00 25 250,000 Total $1,075,000 $560,000 *Contribution to fixed costs and profits. The company is considering lowering the price of Model A to $27 in an effort to increase the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products' chief economist estimates the arc price elasticity of demand to be -2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model to be approximately 0.2. Variable costs per unit are…
- 14-2 German Brothels German brothels recently began offering a monthly subscription service for multiple purchasers. If you wished to reduce the incidence of prostitution, would you consider this pricing plan to be a desirable change?ADJ Enterprises produces hydrothermocorticoids. The table below shows the costs of producing various quantities of hydrothermocorticoids. Quantity Total Cost Average Cost 0 $0 -- 1 $10 $10.00 2 $12 $6.00 3 $15 $5.00 4 $19 $4.75 5 $24 $4.80 6 $30 $5.00 7 $45 $6.43 ADJ sells its hydrothermocorticoids for $5 each (that is the price regardless of the number of hydrothermocorticoids it sells). Use the Profit-Maximizing Rule to explain the quantity that ADJ should produce to maximize its profits. You may use a calculator. You should explain the details of any calculation you perform. You should identify, explain, and apply the concept you use to answer this question. To receive full credit, your explanation must show all steps in any calculations you perform. Your explanation must also incorporate the profit-maximizing rule – state what that rule is and explain how it applies to ADJ’s situation. Note that it is…A Caterpillar tractor one of the largest farm machinery in the world has requested for your services on pricing policy for its product. One of the things the company would like to to know is how much a 5% increase in price is likely to reduce the firm’s sales. What could you require in order to advice?