COUNE 689 TVC 0 65 105 135 167 a. 203 244 293 55 355 432 10 527 4. Explain why the short-run MC is J-shaped 1 2 3 4 5 TFC 7 TC b. AVC ATC/AC C. d. MC 4
Q: function given by TC = 8D+DxL+3L where D is the quantity of Dark-ale beer (in kegs) (not kg), and L…
A: Supply and demand is the connection among purchasers and sellers that is utilized as an action for…
Q: Which kind of economic measures do you recommend at the current economic situation which is…
A: Stagflation is a type of economic condition characterized by weak growth, high unemployment, and…
Q: Consider the following EOY cash flows for two mutually exclusive alternatives (one must be chosen).…
A: Given; For Lead Acid:- Capital invested=$5000 Annual Expense=$2750 Life= 12 years Salvage value= $0…
Q: Suppose that U.S. interest rates are 4 percent more than rates in the European Union. Would you…
A: Answer 1. Currency appreciation refers to an increase in the value of one currency relative to…
Q: 1. Given the series of payment at the end of each year as follows: P 1000 Year 1 Year 2 1500 Year 3…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…
Q: You have a habit of drinking a cup of Starbuck coffee ($2.00 a cup) on the way to work every morning…
A: The price of a Starbuck coffee = $2 per cup Number of year = 30 years Interest earned = 5% Per day…
Q: Consider the three stocks in the following table. Pt represents price at time t, and Qt represents…
A: Rate of return refers to the percentage of a base quantity or amount that an investor receives from…
Q: company has purchased a large new trucktractor for over-the-road use (asset class 00:26). It has a…
A: The monetary worth of an asset reduces over time due to use, wear and tear or obsolescence. This…
Q: Maximize the function f(x)= x^2/5 (10-2x)^1/3 a. Give maximization problem. b. Give first order…
A: The goal of an optimization problem is to find the optimal solution out of all the possibilities.…
Q: - list some examples of tariff barriers associated with international trade
A: Introduction International commerce expands the range of goods available to domestic customers,…
Q: A4) In the circular flow of income model, which of the following equation must hold in equilibrium?…
A: The circular flow of income refers to the economic model to explains the connection between…
Q: Describe three means by which a current account deficit in a developing country is financed. (By…
A: Concept Current account deficit is measuring a country's commerce in which Its imports outnumber its…
Q: For each of the regions, use the midpoint method to identify whether the supply of this good is…
A: The mid point method is used to calculate the elasticity of supply. Formula: Es=…
Q: Video games are a normal good and people's incomes increase. What happens to the equilibrium price…
A: Inferior products have a negative or indirect link with the consumer's income, whereas normal goods…
Q: The characteristics of a "perfectly competitive" market require that there is 1) a large number of…
A: The term "perfect competition" refers to a condition in the market in which buyers and sellers are…
Q: 8. Using the following data, total population 900 million, population under 16 years of age or…
A: Unemployment is basically refers to that Situation when people are actually not getting job in the…
Q: A firm producing hockey sticks has a production function given by Q=2√KL. In the short run, the…
A: The marginal cost refers to change in the total cost when one additional unit of output is produced.…
Q: 6. Southwest Airlines (SWA) signed a contract that allowed it to buy jet fuel at a constant fixed…
A: In the present worth method, we find the present values of all the future cash flows.
Q: Urgent need Write short notes on (a) ILO’s Conventions (b) Bipartism and…
A: International labour standards are legal documents established by the International Labour…
Q: Microeconomics - Budget Line (BL) Ethan is a collector of pokemon cards and stickers. He has $56…
A: Budget line shows different combinations of two good that can be bought with the given level of…
Q: Refer to the figure regarding countries A and B. If each country allocated half of its labor force…
A: Production Production refers to the process at which the goods and services are produced by the…
Q: The table shows employment statistics for a fictional country. Use the information to answer the…
A: People who are actively looking for a job and willing and able to work, are considered unemployed.…
Q: Using the midpoint method, the price elasticity of demand for corn between the prices of $15 and $9…
A: Demand refers to the quantity that a consumer wishes to purchase at a given price in a given period…
Q: Instructions The Mystery of Low Unemployment and Low Inflation: Background Information: The actual…
A: In an economy a rise in the general level of price is called as inflation rate.
Q: Identify and discuss one (1) social AND one (1) economic impact of computers on society
A: Answer: Social impact: (1). One social impact is on women. Due to computers many women who are not…
Q: Question 20 Njeri works part-time but she is a full-time student at PGCC. She can go to school by…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: 1) Consider the effects of a natural disaster like a hurricane on a metropolitan economy. In the…
A: The equilibrium market pay rate is determined by the intersection of labor supply and demand.…
Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…
A: A government's nominal GDP is determined using price levels and is not indexed to inflation. Compare…
Q: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…
A: Insurance is a contract in which a person pays a firm and the company agrees to pay money if the…
Q: what do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian,…
A: Classical economics believe in full employment, and that any divergence from full employment…
Q: Microeconomics - Budget Line (BL) Ethan is a collector of pokemon cards and stickers. He has $56…
A: The budget line is a collection of points that represents the affordability of items as defined by…
Q: Output in an economy is given by the production function, Y=A (UKK) 0.30 (UN) 0.70, where Y is…
A: Economic Growth is the increase in the production of goods and services within a country. It can…
Q: Concentrate on the following production function: 10KL Q K+L Suppose w = Php 1, r = Php 4, and K = 4…
A: "A production function depicts a relation between inputs involved in the production process and…
Q: You are the manager of firm Equis. Firm Zeta is your main competitor. You have the following…
A: Answer: Given, Price elasticity of demand=-1.25Income elasticity=0.43Cross-price elasticity=1.22 The…
Q: Do ROR finding using WolframeAlpha. A) What are the (rational; non-imaginary) roots you have found?…
A: Given information and For cash flow 1 Initial cost=100 Revenue=110 Time = 1 year For cash flow 2…
Q: In setting monetary policy, the Federal Reserve oversees the operation of 12 Federal Reserve Banks,…
A: When talking about the implementation of monetary policy in the United States, it can be seen that…
Q: Define
A: In economic matters, inflation is a general expansion in the costs of labor and products in an…
Q: Table shows the amount of savings and borrowing in a market, measured in millions of dollars, at…
A: The measure that depicts the total volume of currency that is being held by the public at a…
Q: Suppose that nominal GDP was $10 trillion in 2040 in Atlantis. In 2050, nominal GDP was $15 trillion…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC=…
A: A perfectly competitive firm is a price taker, and that implies that it should acknowledge the…
Q: United States U.S. DEPARTMENT OF COMMERCE Census 2000 BUREAU OF THE CENSUS WASHINGTON, DC 24213-2000…
A: A census is a method of gathering, collecting, and recording data on members of a population in a…
Q: Please answer d, e and f
A: Following the parts a, b, and c. I will be solving d, e, and f.
Q: 3. Convert the following intrinsically functions into linear equations. (a) Y₁ = eB₁+B₂X₁+U₂ (b) Y =…
A: We have 3 equations which we have to convert in linear equations. With parameter beta's.
Q: suppose the reserve requirement os 5 percent, banks. keep no excess reserves and the currency in the…
A: At long last, to ascertain the greatest change in the cash supply, utilize the recipe Change in…
Q: A10 Philip Cross: The government is driving inflation 1. Fiscal stimulus 2. Passing the costs on to…
A: When there is a rise in the interest rate then it makes borrowing expensive. This discourages…
Q: Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC=…
A: A perfect competition market is a type of market structure.
Q: The board of directors of Divided Airlines has declared a dividend of $2.50 per share pay able on…
A: The ex-dividend date, often known as the reinvestment date, is a financial phrase that refers to the…
Q: e score of 8 candidates prior and after training are given below Test the hypothesis whether…
A: Given: Prior After 84 90 48 58 36 42 37 44 54 62 69 81 83 84 96 86
Q: A10 Consider an industry with 2 firms, each firm with marginal costs equal to 0. Market demand…
A: We have only two firms in the industry with the market demand Q=60-P and zero marginal cost of…
Q: 1. In a free market for labor the wage rate is determined by essentially Supply and Demand, the […
A: The wage rate definition is the pace of remuneration for a laborer. It is one of the focal…
Follow the instructions. Typewritten for an upvote. No upvote for handwritten. PLEASE SKIP IF YOU HAVE ALREADY DONE THIS. Thank you
Step by step
Solved in 2 steps with 1 images
- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.
- Graph the ATC and MC below and explain output ATC MC 0 - 10 10 18 2 20 10 1 30 7 0.5 40 5.375 1.5 50 4.6 2 60 4.166667 2.5 70 3.928571 3.3 80 3.85 3.2 90 3.777778 5 100 3.9 9 110 4.363636 10 120 4.833333Question Two: The following data for a small farm operating in a perfectly competitive market are given in the table below. The price is $10 per yogurt. Q TC 100 10 200 20 280 30 330 40 360 50 380 60 390 70 425 80 500 90 610 100 750 Instructions: 1. What is the firm's decision at that price? (whether to produce or to shutdown), justify your answer. 2. Show the range of output at which the firm experience IMR and DMR. 3. Using excel, now suppose the price of strawberry yoghurt decreases to $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer.Graphically Represent and analyze the interrelationship between the short run costs Units TFC TVC TC AFC AVC AC MC 0 24 0 1 24 28 2 24 54 3 24 75 4 24 96 5 24 126 6 24 168 7 24 214 8 24 264.
- *need correct answer for this practice question plzTimes New Rom 12 A A Aa A == -=- E E T AaBbCcDc AaBbC AaBbCcC AaB AaBbCcD Аав O Find Replace BIU ab x, x A A- 目三==|m。 T Normal Heading 1 Heading 2 Title Subtitle Select Font Paragraph Styles Editing 1. 2. 4. 9. True or False 1.→Profit can-be calculated without including fixed costs. 2.→All costs can be categorized as either fixed or variable costs.T 3.→Total revenue accounts for all costs. 4.→One time-legal fees that move as services are rendered are considered variable costs. 5.→An-application fee and a fixed cost are basically the same. 6.→AVC+ AFC=TC. 7.→Short run costs are more associated with fixed costs rather than variable costs 8.→All average costs can be calculated by deriving the perunit costs 182 words MI DFocusBO e to searchNot s127930@student.squ.edu.om? Switch account * Required Multiple Choice Questions The primary difference between constructive feedback and destructive feedback is: * 1 poi Constructive feedback is focused on the people involved Destructive feedback is focused on the process and outcomes of communication O Constructive feedback can hurt people's feelings ODestructive feedback delivers criticism with no guidance for improvement
- Complete the following table. Missing values are denoted by a number inside parentheses (X). Place your answers in the corresponding numbered fields below the table. Quantity FC VC TC AFC AVC ATC MC 0 144 0 (1) 1 2 3 4 --- --- (2) (3) 179 (4) (5) (6) (8) (9) (10) (11) 30 (14) (15) (16) (17) (18) (19) 15 (20) (21) (22) (23) (24) 60 (25) (7) m (12) (13)Q1 It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for $4.90 each. The cost of producing 20,40,60,80 and 100 cupcakes. Cost of producing cupcakes Quantity TVC ($) TFC($) TC (TFC+TVC) 20 42 (2.1 * 20) 420 462 40 84 420 504 60 126 420 546 80 168 420 588 100 210 420 630 Revenue from Selling Quantity Price TR 20 4.9 98 40 4.9 196 60 4.9 294 80 4.9 392 100 4.9 490 (i) Write an algebraic expression representing the revenue R as a function of the number of cupcakes x sold. (ii) Graph both functions on the same coordinate axes. (iii) From your graph find coordinatae at which cost equals revenue. (vi) Using your graph,determine how many cupcakes need to be made to produce revenue of at least $1,029.How much profit is made for this number of cupcakes?Complete 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 980
