Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price
Q: Every government has its own set of policies to govern the economy such as: Multiple Choice labor…
A: Governments typically have a variety of regulations in place to control the economy, and these rules…
Q: a. What is the quantity of dollars exchanged, given D₁ and S₁? $ b. What is this quantity worth in…
A: DISCLAIMER As there are multiple parts to this question, the first three would be answered. To get…
Q: IS-MP & Phillips Curve a. Draw an economy in long-run equilibrium when the real interest rate is…
A: IS curve shows the relationship between the interest rate and output level when good market is in…
Q: Consider the graph below, representing the market for apples. The graph contains the equilibrium of…
A: Supply and demand are critical concepts because they have a large impact on market pricing and…
Q: Don't use chatgpt or any AI A profit-maximising firm in a competitive market is currently producing…
A: A competitive industry refers to a industry in which there are many buyers and sellers dealing a…
Q: Coconuts Fish Rita 12 6 For Rita, the opportunity cost of 1 fish is... Laurent 12 3
A: RITALORENCOCONUTS1212FISH63According to the above table.Rita can produce either 12 coconuts or 6…
Q: Households Lowest 20 percent Second 20 percent Third 20 percent Fourth 20 percent Highest 20 percent…
A: Let us assume that total income of everyone is $100 which means lowest 20% earns $5, next 20% earns…
Q: Table 2 Hedonic regression of natural log of hammer price on the natural log of scrap value and…
A: Auctions are a useful tool in economics for determining asset pricing and redistribution. They…
Q: Consider a three-period decision problem: max subject to the flow budget constraints for t = 0, 1,…
A:
Q: Study the complexity of exchange rate regime choices faced by many emerging market countries today…
A: Exchange rate refers to the rate at which the currency of one nation can be exchanged with another.…
Q: lass Activity 1 Product Pork Beans A 4 e Concordia: 1 unit of pork costs 1 unit of beans costs B 3 6…
A: Opportunity cost, as used in economics, refers to the values or advantages that a firm, business…
Q: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Government of…
A: The equilibrium price and quantity are determined by the market forces of demand and supply. The…
Q: 1.5. Consider the following two finite versions of the Cournot duopoly model. First, suppose each…
A: Nash equilibrium is the point of a game corresponding to which each participant optimizes his…
Q: What is the payoff for each firm in this simultaneous game? a. Both firms will earn 0 b. Firm A will…
A: A state of a game in which each participant or player in a game has selected a strategy that is…
Q: Assume that in Dnipro electric public transport (trams and trolleybuses) decided to increase prices…
A: Elasticity is a concept which derives from the relationship that exists between the price and…
Q: Hinta) Check My Work nual starting salaries for college graduates with degrees in business…
A: Standard deviationIn economics, the standard deviation is a statistical measure commonly utilized to…
Q: Using the concept of Asymmetric Information & Moral Hazard, why Insurance Agents would not tell and…
A: Asymmetric information refers to a situation where one party to a transaction has more information…
Q: Suppose a consumer has a utility function given by U(X,Y) = MIN(X, 2Y). The consumer has $90 to…
A: U=MIN(X, 2Y)M=$90Py=1
Q: A consumer has utility (₁,₂)=₁+122. Suppose that, because of a shortage of good 1, the government…
A:
Q: 3. Imagine we live in a classical world. Suppose that the production function is Y = L²K², where L…
A: A Production function refers to a mathematical relation or equation that shows the relationship…
Q: (a) Why does structural unemployment happen? Explain the sources of structural unemployment. (b) Of…
A: Structural unemployment is a longer-lasting form of unemployment caused by fundamental shifts in an…
Q: The graph shows the demand curve and marginal revenue curve of Java Time, Inc., a producer of…
A: The difference between total revenues less costs and the opportunity cost related to the income…
Q: Non-market production is excluded from GDP because: Question options: a) they are not…
A: Non-market production is excluded from GDP because:a) they are not priced.b) they are considered…
Q: D. P = 4,000-Q, fixed cost = 900,000 (Driving the point home from part a) Profit-maximizing output Q…
A: A monopolist maximizes profit by equating Marginal revenue (MR) with MC.Profit = Q x (P - MC) -…
Q: Why their was a start of Islamic banking in 2002, although interest has been prohibited almost 1400…
A: The system of financial institutions and activities primarily engaged in accepting deposits from…
Q: At the consulting agency, they recognize that water/wastewater customers fall under different…
A: Profit maximizing conditionMarginal revenue (MR)=Marginal Cost (MC)
Q: On the 15th August, 2022, the Public Utility Regulatory Commission (PURC) of Ghana announced 27.15%…
A: The pricing structure and rates established by regulatory authorities for the supply and use of…
Q: As a prospective owner of a club known as the Red Rose, you are interested in determining the volume…
A: BeerSales units =30000Selling price=1.50Variable cost=0.75MealsSales units =10000Selling…
Q: Analyze how changes in the Federal Reserve’s monetary policy affect at least 2 of the 4 components…
A: The Federal Reserve's monetary policy plays a crucial role in influencing economic activity and the…
Q: An HHI index of less than 1500 is considered as an competative market place , and If HHI index value…
A: HHI stands for Herfindahl-Hirschman Index, which is a measure of market concentration used to find…
Q: Game theory is: O a view on the development of children's games and toys. O the analysis of market…
A: Game theory is a branch of mathematics that studies strategic decision-making. It is used to model…
Q: For the utility function U (x, y) = 12ln(x) + y: (a) Find X∗ and Y ∗ demand functions (b) Draw a…
A:
Q: Which of the following policy is not effective to prevent deflation? 050 A) Try to preserve a buffer…
A: Deflation refers to a sustained and general decline in the overall price level of goods and services…
Q: More students are expected to use digital textbook or e-book. Consider the market (Demand & Supply)…
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…
Q: Choose one of the following industries you will discuss: (i)Water, (ii)Electricity,…
A: Since the question is asked about a particular company, due to the guidelines, we will be answering…
Q: COURNOT SOLUTION THEORY AND ITS APPLICATION IN OLIGOPOLY MARKETS. Please write this in 1500 word and…
A: Oligopoly refers to a market structure characterized by a small number of firms that dominate a…
Q: The main difference between M1 and M2 money supply measures is that M2 includes A) Saving deposits…
A: The money supply refers to the total amount of money that is in circulation in an economy at a given…
Q: P 23 19 4 20 26 What's the amount of the tax? 4 15 19 cannot be determined S+ tax S Q
A: The demand curve is the graphical representation of the quantity demanded by consumers at different…
Q: $150 $125 $110 $75 1200 MR 1500 D ATC
A: The social optimal price can be described as the price level at which the allocation of goods or…
Q: A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve…
A: A demand for something to be done or an offer to set a price for a good are both examples of…
Q: The reason that Starlink is able to charge a lower monthly price for their internet service is,…
A: ***Since the extract has not been given here, soo the expert has solved the question in a general…
Q: A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment…
A: When an investor invests his money, he expects a return in the future. The duration from investment…
Q: An economy has a monetary base of 100$ bills. People hold equal amounts of currency and demand…
A: The money multiplier is the number of times the monetary base is multiplied to create money supply.…
Q: In 2014, New Zeland changed its method of calculating real GDP growth rate, substituting fixed…
A: Oceania is a linked region with various governments and territories, each with its own particular…
Q: Imagine that the graph below shows a pharmaceutical firm's D, MR, and MC curves. The firm operates…
A: Deadweight loss is the loss of efficiency due to production at inefficient levels. At the efficient…
Q: Suppose we have the following short-run model. Resource constrain is Y₁ = C₁ + I + G₁ + EX₁ - IM₂…
A: IS curve represents the relationship between the real interest rate and the level of output that…
Q: Tausha and Alicia own a coffee shop in town. Their output (cups of coffee per week) in terms of…
A: The marginal rate of technical substitution (MRTS) is an economic idea that measures the rate at…
Q: Your company is planning to purchase a new log splitter for is lawn and garden business. The new…
A:
Q: find the output matrix if final demand changes to 400 for water, 180 for electric power, and 700 for…
A: The Leontief input-output model is a mathematical model that uses matrices to analyze the…
Q: Perform a least squares regression.
A: Least squares regression is a statistical method used to establish a linear relationship between a…
Step by step
Solved in 3 steps
- III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?.III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. ANSWER ONLY 1 2 3 4A manufacturer is planning to sell a total of 500 machines to both foreign and domestic firms. The price the manufacturer can expect to receive for the machines will depend on the number of machines made available. It is estimated that if the manufacturer supplies x machines to the domestic market and y machines to the foreign market, the machines will 5y sell for 1200 - 3x + pesos per unit domestically, and 7 2x 2200 - 2y + pesos per unit abroad. 7 the rev (b) Evaluate Ry (100, 400) and interpret this value in the context of the problem.
- Upgrading an Organization’s ComputersYour organization earns $50 million in annual sales, has 500 employees, andplans to acquire 250 new mobile computers this year along with another 250next year. The goal is to issue every employee a company-owned computer,which they can use at work and at home. The computers will be loaded withantivirus software and productivity software to meet each employee’s business needs. Your organization has decided it will purchase the computersfrom the same manufacturer to obtain a quantity purchase discount. To theextent possible, the goal is to have the same hardware and software foreveryone to simplify the troubleshooting and support of the computers. Thechief financial officer has asked you to lead a project team to define users’computer hardware needs and recommend the most cost-effective solutionfor meeting those needs. Critical Thinking Questions1. Who else (role, department) and how many people would you select to bea member of the team? How would…5. During the COVID-19 pandemic, a firm's revenue declines continuously so that the revenue, TR (measured in millions of pesos), in t years' time is modeled by TR=5e015t . (a) Calculate the current revenue and also the revenue in two years' time and (b) After how many years will the revenue decline to P2.7 million?he price of bauxiteincreased to its highest level due to conditions which impacted supply. Historically, bauxite has traded at between 1500 and 1600 USD per tonne. But the price increased to over 1900USD in November 2020. Growing demand in Canada for bauxite to be turned into aluminium, coupled with a sharp fall in Jamaican production have both been factors in the price increase. Bauxite production in Jamaica for 2017-18 fell 65% year-on-year due to flood conditions causing damages as well as increased competition. The London Metal Exchange predicts that global consumption of bauxite is likely to be greater than production by 20 million tonnes next year. In the US, companies in the steel and petrol industry have put pressure on the US government to relax import controls, warning that otherwise they might run out of bauxite. Commentators predict that most steel and petrol producers will be unaffected because bauxite is such a small part of their spending. d. How might companies in the…
- Shunda is a calculator assembly company, purchase a full set of the calculator parts, assembled into a calculator to sell in the market. In recent years, the price of the calculator has remained steady at 60 yuan/units, the basic data of the input and output of shunda in 2013are listed in the table below: Hourly wage is 6 yuan per hour, price of parts is 25 yuan per set, power consumption is paid by 0.6 yuan per watt, the extract depreciation of equipment is 3 yuan per hour, and Shunda spends fixed costs 10000 yuan per month to pay all of the regular fee According to the above data, is it possible to estimate the production function and cost function (TC, TVC, AC and AVC)?7 uppose the Queensland Government is considering a project where COVID vaccinations can be provided to the general public within a popular shopping centre. The project is expected to last 5 years, with an initial investment cost of $7,500. The ongoing cost of the project is $1,400 in rent and 7 casual workers who administer vaccinations for 60 hours each, per year at a minimum wage of $15/per hour. The opportunity cost of labour in the area is 40% of the minimum wage. The Government is considering charging $6.50 per vaccination and is expected to administer 1,400 vaccinations per year from this program. It has also been determined that the program will provide an external community benefit of $550 per year. If the appropriate discount rate is 6.5%, determine the following: a The NPV of market b The NPV of Social CBA c The IRR of MArketMary, a law student in a University, wants to buy a book on Negotiable Instruments. To do this, she thought of selling cakes to her classmates and schoolmates. To bake these cakes, she rents an oven at P1,400 and another P300 for the rental of the baking pan. She spends a total of P600 for the ingredients. She sells the cake at P300 each. How many cakes does she need to sell to break even? (Unit used is cakes. For example if your answer is 10, then write 10 cakes).
- PUP 48,213 UST 40,000 FEU 27,889 LRT2 200,000 passengers daily If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day… What is the total annual market size (revenue) of LRT2? What is the total annual market size (revenue) of the 3 schools? If operations is halted for 1 week, what is the projected loss in revenues? What is the market share (volume) of: PUP students? UST students? Feu students?The price of bauxiteincreased to its highest level due to conditions which impacted supply. Historically, bauxite has traded at between 1500 and 1600 USD per tonne. But the price increased to over 1900USD in November 2020. Growing demand in Canada for bauxite to be turned into aluminium, coupled with a sharp fall in Jamaican production have both been factors in the price increase. Bauxite production in Jamaica for 2017-18 fell 65% year-on-year due to flood conditions causing damages as well as increased competition. The London Metal Exchange predicts that global consumption of bauxite is likely to be greater than production by 20 million tonnes next year. In the US, companies in the steel and petrol industry have put pressure on the US government to relax import controls, warning that otherwise they might run out of bauxite. Commentators predict that most steel and petrol producers will be unaffected because bauxite is such a small part of their spending. a. Explain, using supply and…Question Eleven Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the govemment of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, Ay respectively. [Hint: change in X due to change in Y is given as ax ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Govemment of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and…