The table below contains information on three techniques for producing $15 worth of bar soap. Assume that we specified "$15 worth of bar soap" because soap costs $3 per bar and all three techniques produce 5 bars of soap ($15 = $3 per bar x 5 bars). So you knov %3D
Q: QUESTION 7 Assume that the oil extraction company needs to extract Q units of oil (a depletable…
A: Given, P=27-0.5QMC=$3Discount rate= 2%
Q: Multiple Choice O $375. O s0.50. O $200
A: Willingness to pay is the amount that the consumers are willing to pay. The difference between the…
Q: SEx= +0.5 IE y = -0.5 SEy = -0.25 IET = -0.25 %3D %3! O SEx= +0.293 IEx = -0.293 SEy = -0.414 IET =…
A: In consumer’s utility maximization problem, the total price (PE) effect (which accounts for the…
Q: Now we have that AVC achieves it's minimum when q = 3. Find the minimum value that the AVC reaches…
A: The main objective of any firm is profit maximization and a firm maximizes its profit by producing…
Q: After ten years as a general auto mechanic in a local garage, Joe decides he is tired of working for…
A: Net present value (NPV) gets used to determine the present value of the future cash flows of a…
Q: If E$/C$ e = 1.54, E$/C$ = 1.36, and TCA = 2%, What should TUS be if relative PPP holds? a. 1.87% b.…
A: The inflation rate means the increase in the average price level of goods and services over a period…
Q: Price 60 MSC 50 40 MPC 30 20 10 MPB-MSB 10 15 30 20 25 1,000s of tickets Suppose a printing company…
A: When the printing company dumps waste products in the river, it generates negative externality to…
Q: with 25 units of oil reserve. (a) the marginal willingness to pay for oil in each period is…
A: *Answer:
Q: If f(k) = 9k^0.5, s = 0.1, n = 0.1, and d = 0.2, what is the value of f(k) at equilibrium? %3D O a.…
A: Given that, F(K) = 9K0.5 s = 0.1 n = 0.1 d = 0.2
Q: You have been offered a unique investment opportunity. If you invest $10,800 today, you will receive…
A: The net present value or net present worth applies to a series of cash flows occurring at different…
Q: Jiffy-Pol Consultants is paid $1,000,000 for each percentage of the vote that Senator Sleaze…
A: Given:- Jiffy-Pol Consultants paid=$1,000,000 Campaign ads run according to function= S=100N/(N+1)…
Q: a) The economic costs of a firm are payments to resource owners, sufficient to divert these…
A: The economic cost is the combination of the losses of the goods that carry a value attached to them.…
Q: The surface area of a certain plant that requires painting is 8 ,000 sq ft. Two kinds of paint are…
A: Calculation of total cost per paint for Brand A = Cost per sq ft × Number of sq fts = 8000 × 1.40…
Q: Few companies take the time to estimate the value of a good customer (and often spend little effort…
A: a) Average spending = R Visits each year = F times per year Margin profit = M Defecting customer…
Q: expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at…
A: The marginal cost is the change in the total cost that arises when the quantity produced is…
Q: Xolani wishes to mark out a rectangle for his chickens using the wall of his house as one of the…
A: Xolani wishes to mark out a rectangle for his chickens using the wall of his house as one of the…
Q: QUESTION 2 Assume that a country is endowed with 30 units of oil reserve. (a) the marginal…
A: Marginal willingness to pay = demand curve equation : P = 13 - 0.55q MC of oil = 2 Discount rate =…
Q: Assume there are two periods: today (0) and tomorrow (1) and that, after tomorrow the world comes to…
A: Total benefits in each period : B(qt) = 10 q - 0.5q2 Cost of extraction = 2q Discount rate = 10%…
Q: 6. A 40-room hotel is fully occupied if Php 300.00 is charged per day per room. For every x…
A: Number of Rooms = 40 Charged per day = 3000
Q: System of Equations: p=6−2q p=2+q Plot both equations on a graph. The values of pp and qq…
A: The first equation is: p = 6 - 2q The second equation is: p = 2 + q Plotting both equations on…
Q: Elinore is asked to invest $4,900 in a friend's business with the promise that the friend will repay…
A: Opportunity cost: - opportunity cost is a forgone benefit that we could have earned by applying all…
Q: Assume a production function is given by Y = AK, L. If A = L=1, the depreciation rate is %3D d…
A: Solow model is a growth model. It gives us an idea about how the economy grows and reaches a…
Q: Consider the following scenario to understand the relationship between marginal and average values.…
A: The numerical connection between average and marginal implies that the average worth is "driven" by…
Q: Instead of taking a trip for $3,000, you decide to save your money. How much will you have if you…
A: One can enjoy the interest income if rather than going out, one save and invest. Here comes the…
Q: Let's suppose a particular water pollutant causes K50 of damage per ton. Two sources emit the…
A: The expenses incurred to get rid of harmful byproducts produced during manufacturing are known as…
Q: Suppose a Farmer has a fixed resource of 80 acres planted in corn. If the farmer does not cultivate…
A: Number of cultivation Output Marginal benefit 1 50 - 2 57 7 3 61 4 4 63 2 From the above…
Q: Q3. Consider the following tw0-stage game: Stage 1: Player 1 moves first to choose either L or R.…
A:
Q: Using the chain weighted method, approximately how much did real GDP grow between year and year 2? O…
A: Calculation of GDP growth rate can give us varying results depending on what base year does actually…
Q: Suppose Natasha currently makes $ 50,000 per year working as a manager at a cable TV company. She…
A: Solution- From the Question Yearly earning at cable company =$50,000Revenue per year from soap…
Q: 10 9. p = 6 - 2q p = 2 +q 1 1 2 3 4 5 6 7 8 9 10 The values of p and q that solve these two…
A: Given; Demand function; p=6-2q Supply function; p=2+q At equilibrium:-…
Q: Bates that the price of a gallon of jet fuel will rise from $3.00/gallon to 3.50/gallon between now…
A: The Fuel hegde contract is a futures contract that allows a fuel consumer company to establish fixed…
Q: You have been offered a unique investment opportunity. If you invest $10,800 today, you will receive…
A: Net present value, or NPV, is used to calculate the current total value of a future stream of…
Q: Qd=5.3-0.1p where Qd is the number of new automobiles demanded per year (in millions) when P is the…
A: The demand equation: Qd = 5.3 - 0.1P whereas, Qd = Number of new automobiles demanded per year (in…
Q: Suppose that individuals with a strong enthusiasm for technology are willing to pay $500 now for the…
A: Given; A technology enthusiasm willingness to pay= $500 Price of iPhone= $350 Normal people…
Q: Q1. given the following two equations, answer the questions that follow: Q=4p (1) Q=200-6p . (2)
A: Since you have asked us to solve only questions 4, 5 and 6, we will solve them for you. Given,…
Q: Recall the model of nonrenewable resource extraction presented in Figure. Suppose that a…
A: Nonrenewable resources come directly from the Earth. Humans extract them in forms of liquid, gas or…
Q: Different projects, investments, or wholesale/retail activities may generate different streams of…
A: Investment: The term investment refers to the use or investing process in order to earn profit or…
Q: If consumption is $30,000 when income is $40,000, and consumption increases to $34,000 when income…
A: Marginal propensity to consume (MPC) refers to the value of additional consumption due to increase…
Q: If population of a city grows at 2.3 percent, how long will it take to double? O a. 30.1368 O b.…
A: Rule 70 implies the time taken for the particular growth rate to get double. Formula: time required…
Q: If real GDP per capita in the United States is $8,000, what will real GDP per capita in the United…
A: Given information: Real GDP = $8,000 Growth rate = 3.2% Number of years = 5
Q: Benefits Dis-benefits To the people P 15 Million now and P1.5 Million per year for ten years P 1…
A: BCR is calculated by dividing the proposed total cash benefit of a project by the proposed total…
Q: here are two adjacent coal fields A and B. Under the fields is a common pool of coal worth $12…
A: Dominant strategy refers to the situation where the pay of the strategy for one player is better…
Q: Money is 15% for the following scholarship: 30,000 at the end of each year for 6 years, 40,000 for…
A: Given: The interest rate on money invested is = 15% The first breakup is, at the end of each year…
Q: The federal government is considering closing down a substantial portion of the John Day Fossil Beds…
A: The information which has been provided to us is:- Revenue from sale = $3 million Annual saving =…
Q: answer for this one! Instructions: 1. Show your complete solution to the problem. 2. State clearly…
A: *Answer: Given data is,
Q: How much carbon dioxide would you prevent from entering the atmosphere in one year if you replace a…
A: In 1 year kWh for light bulb = 100×365×8 =292000 =292kwh In 1year kWh for CFL = 30×365×8 =87600…
Q: If consumption is $30,000 when income is $35,000, and consumption increases to $35,000 when income…
A: Marginal propensity to save (MPS) refers to the value of additional savings due to increase the…
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- (I am trying to find the simplest way to solve the question if Im using a cas calculator) (Formulas and notes I can put on my calculator are helpful) An apple grower finds that if he plants 80 trees per acre, each tree will yield 26 bushels of fruit. He estimates that for each additional tree planted per acre, the yield of each tree will decrease by 4 bushels. Given a price of $1.00 per bushel, find the maximum revenue and how many trees should he plant per acre to maximize her harvest? 36 trees per acre, maximum revenue of $7,480 37 trees per acre, maximum revenue of $7,482 43 trees per acre, maximum revenue of $7,482 44 trees per acre, maximum revenue of $7,480a.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of cutting time, 60 minutes of sewing time and 5 minutes of packagingtime. Each skirt requires 15 minutes of cutting time, 30 minutes of sewing time and 12 minutes of packaging time. Each blouse requires 10 minutes of cutting time, 24 minutes of sewing time and 6 minutes of packaging time.The amount of time available for cutting, sewing and packaging is 115 hours, 280 hours and 65 hours respectively. Using either the ??????? ?????? ?? ?????????'? ????, determine how many of each type of clothing should be made to use all available labour hours?The manager of the donut shop tells you that hesells donuts for $1 each, and that if he were to makeadditional donuts, based on his current level ofoutput, it would cost him $0.80 per donut. Do yourecommend that the manager increase or decreasethe number of donuts he makes?
- Later, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 15 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading? 1 hour working on problems, 3 hours reading 2 hours working on problems, 2 hours reading 3 hours working on problems, 1 hour reading 4 hours working on problems, 0 hours readingLater, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 15 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading?Eleanor and her little brother Josh are responsible for two chores on their family's farm, gathering eggs and collecting milk. Eleanor can gather 18 dozen eggs or collect 6 gallons of milk per week. Josh can gather 2 dozen eggs or collect 2 gallons of milk per week. a. The family wants 2 gallons of milk per week and as many eggs as the siblings can gather. Currently, they collect one gallon of milk each and as many eggs as they can. How many dozens of eggs does the family have per week? (Click to select) ✓ dozen eggs. b. If the siblings were to specialized, which should collect the milk? (Click to select) c. If the siblings were to specialize, how many dozens of eggs would the family have per week? (Click to select) dozen eggs.
- Eleanor and her little brother Josh are responsible for two chores on their family's farm, gathering eggs and collecting milk. Eleanor can gather 18 dozen eggs or collect 6 gallons of milk per week. Josh can gather 2 dozen eggs or collect 2 gallons of milk per week. a. The family wants 2 gallons of milk per week and as many eggs as the siblings can gather. Currently, they collect one gallon of milk each and as many eggs as they can. How many dozens of eggs does the family have per week? (Click to select) dozen eggs. b. If the siblings were to specialized, which should collect the milk? Eleanor c. If the siblings were to specialize, how many dozens of eggs would the family have per week? (Click to select) dozen eggs. www vEleanor and her little brother Josh are responsible for two chores on their family’s farm, gathering eggs and collecting milk. Eleanor can gather 10 dozen eggs or collect 5 gallons of milk per week. Josh can gather 2 dozen eggs or collect 2 gallons of milk per week.a. The family wants 2 gallons of milk per week and as many eggs as the siblings can gather. Currently, they collect one gallon of milk each and as many eggs as they can. How many dozens of eggs does the family have per week? b. If the siblings were to specialized, which should collect the milk? c. If the siblings were to specialize, how many dozens of eggs would the family have per week? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.while taking decisions there are different kinds of constraints related to resources, time,rules,physical realityetc leads to the matter of choice.how will you explain the whole situation in terms of cost
- Need help with 4,5 & 6 4) Determine the cost of 1 gallon of gasoline. Calculate the labor cost equivalent of those 2 people to push a car 40 miles. (You have to make assumptions on how much you would have to pay someone per hour to push a car). How much cheaper is it to use a gallon of gasoline to move a car 40 miles down the road as opposed to paying 2 people to push the car 40 miles down the road. 5) How much energy (in Joules and in food calories) do you estimate it would take two people to push a car 40 miles down the road. (1 food calorie = 4,186 J) The basic metabolic rate for the human body is about 60 (food) calories per hour. A runner running 10 miles at 6 minutes per mile burns about 1000 food calories per hour. Estimate how many calories per hour a person pushing a car at walking speed would burn (remember there are 2 people pushing at the same time) 6) Assuming that the car was traveling at 45 miles per hour (a very efficient speed for a car). How long does it take…Need help with this. Please show how to do the graph also. Thank you !Task 3 Pick one of your items. You have been contacted by a customer in Alaska who wants to purchase several of these items and wants you to ship the items to her. You have already established the cost per item and you will only charge the customer $5 to ship these items to Alaska. Suppose another company sells the same item but charges half of your price. However, if the customer buys from this company, she will be charged $20 in shipping costs. a. Write two equations to represent the customer's total cost based on how many items she buys from each of the two sellers-you and the other company. b. If the customer in Alaska wants to buy 5 items, from whom should she buy? Explain your answer. c. If the customer in Alaska wants to buy 50 items, from whom should she buy? Explain your answer. d. Solve the system of equations from part A. What method did you choose to solve the system? Why? e. Explain what your solution for part D means in terms of the situation.