QUESTION 6 product Y 28 24 20 16 12 8 4 0 0 Production Possibilities Frontier O b) 4/5 c) 5/4 O d) -4/5 O e) none of the above point A 4 8 -point F 12 product X point B -point C 16 -point E point D 20 24 06. What is the per-unit opportunity cost of product Y as production moves from point D to point A? O a) -5/4
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- Output TFC TVC TC MC ATC A 25 25 ---- -- ------- 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 2nd unit of output? Cannot be determined. 15 25 30 O O O OMc Graw Hill apter 10 Problems 1 01:49:26 eBook Price ($) F OU 60 40 20 0 4 8 Output 12 MR 16 of $ Prev D₁ Saved 20 1 of 5 Instructions: Enter your answer rounded to 2 decimal places (i.e. dollars and cents). If there is an economic loss, be sure to include a negative sign (-) in front of your answer. This firm is incurring a (Click to select) ‒‒‒ Help Next > Save & Exit Submit Check my work 2TeEpress Smartwork O Homework Smatwors Calege of hiness Onine b My Questions bartely ncia wwnorton.com/132454 Paused !!! Apps P Pandora ntenet Ra O Thesis Creator g Bockshelf Online L M McGra H- Login 9OF 12 QUESTIONS COMPLETED * SUBMIT ANSWER 751 AM P Type here to search
- Question 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 $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer.for a certain product, if the number of units that gives maximum revenue is 300 units, the number of units that gives maximum profit is 250 units and each 1000 units comsumes 5000 dollers of raw materials and a sunk cost of 2000 dollers for the whole number produced. then the selling price equation is O a. p=30 05D O b. p=30 06D Oc. p=50 05D O d. p-42 07D O e. p=30_03DIS the 45 40 MC ATC 30 25 15 10아 MR 8 10 14 Output 12 16 20 22 26 O A. 5 units O B. 20 units O C. 16 units O D. 12 units 24 18 16 ---- 2. Price and Cost ($)
- QUESTION 14 Suppose a busness owner operates her business out of a building that she owns. Also assume that there are ho malntenance or utlity costs associated with the building This means that it is costless for the business owner to use the buildng to operate the business O True O False QUESTION 15 if the 15th unit of output has a marginal cost of s29.50 and the average total cost of producing 14 units of output is 3021 what will happen to the average total cost is the 15th unit is produced? O Average Total Cost will fal. O Average Total Cost will increase O Average Totual Cost could increase or decrease deperiding on whar happets to variable cost O Average Total Cost could inorease or decrease depending.on what happens to fed costAn SMSE has a production process with fixed lot size A. The table belowshows the total output and the number of workers:No. of Workers (L) Total Output (Q) 0 0 1 10 2 30 3 50 4 56 5 59 6 60 7 60 8 58(a) Determine marginal productivity of labour and average productivity oflabour for each unit of labour. (b) Show the three stages of production (c) Suppose the market price of the output Rs. 150 and the wage rate isRs. 900, how many workers would this firm hire? What if the pricedecreases to Rs. 100?(d) Suppose the market price increases to Rs. 250, what is the highestwage rate the firm would be willing to pay to…TM N 99% O 5:23 TNT Edit 21 youay compeueery onog omemerconsev Devolopment of a highly competitive human resource, cuttingedge sclentific knowledge and innovative technologies for sustainable communities and environment. TP-IMD-02 Mission: vO0715 20 No.DOE 2014-05 For instructional purposes only - 1" Semester SY 2020-2021 59 AGSC12 Exercise No. 2 Price Elasticity of Demand Name: .-- Score : Class schedule:. Using the Price and Quantity demanded data, compute the needed values in each cell provided per column given the table below: Quantity Demanded (Qd) Total P1 +P2 Price Revenue 01 +02 Category AP (P) (TR) 2 2 100 3000 90 4000 80 5000 70 6000 60 7000 50 8000 40 9000 B. Complete the summary table below based on the results in Activity A If Price falls, The Elasticity Coefficient is If Price rises, If demand is Total Revenue will Total Revenue will EBlastic Inelastic Uhitary Page 59 of 97 Vision: A globally competitive university for science, technology, and environmentalconservation.…
- 1. Suppose Firm A has a budget of P1.5 million pesos in outsourcinginputs, labor and machines, that would lend support in its 1 yearoperation. Suppose further that the cost of labor for 1 year is P150,000and for a machine is P200,000. If it decides to hire 6 laborers, howmany machines would it accept?COURSE: MICROECONOMICS - TAX REGULATIONS The local diesel market is represented by Q = (912 - P)/12.5 and Q = (P - 315)/11where P is in dollars (USD) per liter of fuel and Q shows liters of fuel (in millions). Currently a tax of USD 130 per liter of diesel is charged.It is requested:(a) Calculate the amount (Q) that is transacted after the tax has been applied.b) Show in detail the calculations of a). Is there any difference between the price observed by suppliers and demanders? If so, what is the price observed by the producer and what is the price observed by the consumer? how much is the government's revenue? If there is an efficiency loss, how much is it? GRAPHc) At present, there are arguments in favor of increasing the tax on diesel and others in favor of decreasing it (at least temporarily). Mention at least ONE argument in favor of increasing this tax and ANOTHER argument in favor of decreasing it. And finally, conclude in favor of which argument you are in favor of.Shoes and Bicycles PPF Bicycles per Year 5,000 4.000 A 3,000 2,000 1,000 B Shoes and Bicycles PPF E 20,000 30,000 Shoes (in pairs) per Year 40,000 C 50,000 by... D 60,000