Jackson Hardware, a firm in the perfectly competitive custom hardware industry, asks you for your expert economic opinion. They tell you the following:  - MC is $200/unit - Quantity produced 550 units - Total Revenue: $110,000 - Total FC are $80,000 - Total VC are $100,000 What is your advice based upon the info above? a) keep operating and increases production b) shut down right now c) keep operating but decreases production d) Keep operating and do not change production at all

Q: Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand giv...

A: Given : Eyeglasslux is the single price monopolist in eye glass frame market.  Marginal Cost = 61  

Q: What does it mean by subsidies and nonmarket economy countries when pertaining to regulating import ...

A: Many governments take action against dumping and unfair trade practices in the international market ...

Q: A. EXPLAIN BRIEFLY THE FOUR APPROACHES TO ECONOMIC DEVELOPMENT. B. WHICH OF THE DIFFERENT THEORIES O...

A: Note:- Since we can only answer one question at a time, we'll answer first three. Please repost the ...

Q: Calculate the marginal rate of substitution (MRS12) for the following utility function: U(q1, 42) = ...

A: Here, utility function is given as: U(q1, q2)=4q1+√q2 To find: MRS(1,2) at the bundle (13, 2)

Q: What is the objective of a cartel? joint profit maximization O productive efficiency O allocative ef...

A: A cartel is a group of firms who collude to improve their profits and to dominate the market. Its ob...

Q: A firm operates with the production function Q=2L+4K. The firm has target production of 420 units of...

A: Answer: Given, Q=2L+4K Target production = 420 units K = 80 units (short-run) w (wage) = $100 r (ren...

Q: Consider a firm facing a downward-sloping demand curve. Which of the following is true at the profit...

A: In the mentioned question we have been asked what will happen at the profit-maximizing level of outp...

Q: A consumers utility function is given by U(X1, X2)=Xa1X21-a where  A>0, 0<a<1 A consumer also faces ...

A: For finding out the demand functions, we need to put MRS equal to price ratio. MRSX1,X2 = p1/p2 MRSX...

Q: The short-run aggregate supply curve will shift to the left if: O A) the aggregate price level falls...

A: Aggregate supply refers to the total amount of goods and services that the producers are willing to ...

Q: This will be a graph shifting question, which asks about the intuition of both the AD-AS figures and...

A: AD-AS model is laid out in Price -GDP space whereas investment -saving in interest rates-GDP space ....

Q: 1.Explain specifictly how to overcome and solve the major problem of Mcdonal's company from pollutin...

A: Answer -  "Thank yoru for submitting the questions.But, we are authorized to solve one question at a...

Q: 2. Compute for the number of blocks that an ice plant must be able to sell per month to break-even b...

A: Here Given ,      Cost of electricity 20.00/block.      Tax to be paid 2.00/block.       Real state ...

Q: How do insurance companies make money?

A: As a for-profit firm, an insurance company must develop an internal business model that collects mor...

Q: Suppose that the government puts out a tax incentive that encourage people to save more money. Assum...

A:

Q: Which of the following is an example of price discrimination? charging different prices to different...

A: Price Discrimination is done by the monopolist in different forms like: First degree Price Discrimi...

Q: Determine the present worth of the following cash flows based on an interest rate of 6.76% per year,...

A: Given cash flow:  Year Cash flow (end of the year)  0 Php 5323 1 Php 5906 2 Php 5906 3 Ph...

Q: Explain with reasons whether you expect the price of oil in 2050 to be higher, lower, or stable comp...

A: Inflation: When the price is increasing continuously then it can be considered as the concept of inf...

Q: At what output does a perfectly competitive firm maximize its profit? when marginal cost equals aver...

A: A perfectly competitive firm is the one where there are large number of buyers and sellers selling h...

Q: What does it mean by countervailing duty actions when pertaining to regulating import competition an...

A: Several governments and international organizations take steps to bring in fair trade in internation...

Q: A2-2. Suppose the consolidated balance sheet (T-account) of the banking system for an economy with a...

A: Answer -

Q: Question 13: Assume oat forward prices over the next 3 years are $2.30, $2.40, and $2.33, respective...

A: The forward price is considered as the settlement price of the transaction that would not take place...

Q: Identify each of the following according to their CCA class(es) and CCA rate(s): a. A soldering gun ...

A: Capital Cost Allowance (CCA) is referred to as an annual deduction as per the Canadian income tax co...

Q: Explain Simple Loan considering Articles 1953 to 1955 and 1980

A: A simple loan, also known as a simple interest loan, is a loan with a low interest rate. It's a type...

Q: The tax cuts of 2017 increased the 2018 disposable income of households by roughly $200 billion. If ...

A: Disposable income: Disposable income is also known as disposable personal income (DPI), is the amoun...

Q: 3. A firm faces the following total cost function and inverse demand functions: C = 3Q2 + 30Q = 10Q ...

A: C=3Q2+30QP=10Q-13Q2+500QNow,TC=3Q2+30QMC=∂TC∂QMC=6Q+30Now,TR=P×QTR=(10Q-13Q2+500Q)QTR=10Q2-13Q3+500F...

Q: 10.5 The Waldman ice cream truck example used two trucks. The Nash equilibrium in the absence of col...

A: Short-term Equity Under Individual Competition Companies under one-to-one competitioñ finds a balanc...

Q: consumers utility function is given by U(X1, X2)=Xa1X21-a where  A>0, 0<a<1 A consumer also faces th...

A: Utility function : U(X1 , X2 ) = Xa1X21-a  Budget Constraint : m = p1X1 + p2X2  Compensating Variati...

Q: Commodity Fetishism is said to be a distortion in the relations between people.  What does this mean...

A: Commodity Fetishism is a Marxist philosophy that says there exists a social relationship between pro...

Q: Question 6n Firms become more optimistic about the economy and decide to buy more capital goods. Thi...

A: Answer - "Thank you for submitting the questions. But, we are authorized to solve one question at a ...

Q: Apply the IPAT model to the example of China provided in the chapter. How do population, affluence, ...

A: IPAT model is for sustainability, and it stands for the model equation that connects sustainability ...

Q: In a game, a certain player has m information sets indexed by j = 1,2,...,m. There are kj possible a...

A: Answer -

Q: Traditional economy is the social and institutional process through which certain groups of economic...

A: The given statement is true.

Q: Each consumer has the following demand for annual visits to Planet Fitness: Q= 100 - P, where Q is t...

A:

Q: One reason we might think of certain colleges are top-rate is if we observe that attending that coll...

A: Here, it is given that the wages of people, who are graduated  and gets skills through a Caltech eng...

Q: A company's second year operations can be summarized as follows: Revenues: $110 000 Expenses (except...

A:

Q: Using shifts in supply and demand curves, describe a change in the industry in which your firm opera...

A: While demand makes sense of the shopper side of buying choices, supply connects with the vender's lo...

Q: Complete the following cash flow analysis questions: 5) Convert the following cash flows to a unifor...

A: Below is the given values: Interest rate, i = 3% Years, n = 3

Q: States with a corporate income tax are at risk O a) of being found in violation of federal law O b) ...

A: Corporate Income tax A corporate tax is basically a type of tax that is imposed on a company's earni...

Q: Alana orders a pink shirt from BuyClothes.com but receives an orange shirt instead. The store advert...

A: a demand for something owed or accepted to be owed a protection guarantee.   

Q: Which of the following data would be analyzed to determine whether any shift in the MPI has occurred...

A: The MPI is a metric that evaluates initiated utilization, the idea that the expansion in private con...

Q: Suppose a publisher faces the following costs of producing 10,000 newspapers each month: $5,500 cost...

A: In business, a variable cost is an expense that changes the amount of output or sales a company gene...

Q: You are a consultant at Brinkley & co .you are responsible for evaluating projects introduced by sur...

A: Initial Investment = 35000 Return = 10000 (for the next10 years) Time = 10 years MARR = 12%

Q: What term refers to companies shaping their actions based on what their competitors do? allocative e...

A: When companies shape their actions on the actions of their competitors, then this characteristic is ...

Q: What is theories and patterns of structural change in economic development? Explain in your own word...

A: The structural aspect of economic development is becoming increasingly crucial as the Ukrainian econ...

Q: q bos ame imse nodudidnoo rip) aigam-Jeerigiri erlt to eelsa rlau9 aiaylens nigneM When a business h...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: A consumers utility function is given by U(X1, X2)=Xa1X21-a where A>0, 0<a<1 A consumer also faces ...

A: U(X1, X2)=Xa1X21-a Prices : p1, p2 Income : m Expenditure minimization problem aims at minimizing th...

Q: At present, it is op- $504,000. Annual fi- $0.392 per unit of pr а. What is the fir b. At what volun

A: Here, Present capacity is equal to Total revenue  Profit = total revenue- total cost All parts solve...

Q: In the following scenarios, you will be given a product and an event. Determine what will happen to ...

A: Note:- “Since you have posted a question with multiple sub-parts, we will solve the first three sub-...

Q: Attempts Keep the Highest /2 3. Comparing salaries from different times Consider golfers who led the...

A: The correct answer is given in the second step.

Q: 13. In a dice game, the player rolls a single die. The payouts for a dice game are given below: roll...

A: Answer: Given, Let us first find the probabilities of all the outcomes: P1,2=26=13P3,4,5=36=12P6=16...