Y Production Figure 1. Production Possibilities Frontier 1 1 265 260 255 250 250 245 240 235 230 230 225 220 215 210 205 200 195 195 190 185 180 175 170 165 160 155 150 145 140 135 130 125 120 115 110 105 100 100 95 90 90 85 80 75 75 70 65 60 55 50 45 40 35 30 25 20 15 145 1 1 + 1 1 T T 80 55 1 30 1 1 + 0 1 2 3 4 5 6 X Production 70 Figure 2. Marginal Social Benefit of X 65 60 55 50 45 40 35 15 10 23 4 4 5 322505 0 0 1 2 3 X Production MSBX 4 5 6
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- The following Table is for answering questions below: Input Output TFC TVC TC MC 200 1000 400 1000 X - T 1200 W Z Y 5 What is the value of W ? 400 200 1000 None of the aboveMeat (pounds) 120 A 90 D 60 В 30 Vegetables (pounds) 40 60 80 100 120 140 160 Point B is: O Infeasible Inconsistent Inconceivable O Inefficient 20How were the small business before Covid 19?
- Referring to the graph below (Figure 3) showing a consumer's initial budget line (labeled BO) and new budget line (labeled B1) for two goods, X and Y, and two different indifference curves (IC1-IC2). IC2 IC1 B0 81 Figure 3 Consider the shift in the budget line from B0 to B1. Which of the statements cannot explain the observed shift in the budget line? O a. The consumer's income doubled and the prices of both X and Y tripled. O b. The consumer's income increased and prices remained constant. The consumer's income decreased and prices remained constant. O C. O d. The consumer's income is unchanged and the prices of both X and Y increased. The consumer's income decreased by 25% and the prices of both X and Y decreased O e. by 5%.There are two approaches to determine profit maximizing level of output (1) total revenue - total cost approach and (ii) marginal revenue-marginal cost approach. In light of the marginal revenue-marginal cost approach and the following graph, at the profit-maximizing output, total profit is: MC MR ATC AVC DollarsGinny is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 150 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 60 10:00 AM 105 11:00 AM 135 Noon 150 Use the table to answer the following questions. The marginal, or additional, gain from Ginny’s second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Ginny’s fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant in Ginny’s math course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 52.5 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…
- bongo O Topic: H G How wc A Recorde * Min x b Answere A Files A Grades Q ETX 20 Q Midtern Q ETX 20 Q ЕTX 20 M Inbox (7 A Assignn C Crunch N Netflix O (5) COA ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=5983131871027318950422967971&elSBN=97803571336688&id=D1056367112&isnapshotld=2191097& Update : Geoffrey v CENGAGE MINDTAP Q Search this course A My Home Homework (Ch 16) The following graph shows the money market in equilibrium at an interest rate of 7.5% and a quantity of money equal to $60 billion. Courses Show the impact of the increase in government purchases on the interest rate by shifting one or both of the curves on the following graph. O Catalog and Study Tools A-Z Partner Offers EE Rental Options 15.0 Money Supply - College Success Tips 12.5 Money Demand Career Success Tips RECOMMENDED FOR YOU 10.0 Money Supply 7.5 5.0 Evaluating Online Money Demand Information 2.5 e Help 20 40 60 80 100 120 Give Feedback MONEY (Billions of dollars) Suppose that for each…My Akron Experience - The UniveX DEL Homework (Ch 14): Do Your Hon x со ouTube y ? CENGAGE MINDTAP Gmail Netflix Homework (Ch 14) PRICE (Dollars per extra-large truck) Esc ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-598281185943573732951246318&elSBN=9780357133606&id=16964735218sm Solitaire - Online &... a Hello, Kristin Accou... 500 450 400 350 Demand 300 62"F Mostly cloudy 250 200 150. 100 50 F1 0 0 1 Ø Arcade Spot Solitaire - Online &... 2 8 3 4 5 6 7 QUANTITY (Hundreds of extra-large trucks) F2 Supply Suppose that Zoomba is one of over a dozen competitive firms in the Eugene area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curyes, the price Zoomba must take as given is F3 F4 30+ MindTap-Cengage Learning X CSuppose that Sendit is one of ove X 9 10 F5 ‒‒ - Microsoft Solitaire... Grammarly O Search + r 0 Chicken TacoThe ciange in revenueleamed by the business as it employees an additional nit of an input holding otier resource use constant is: (a) Fhe Marginal physical product fb) Fhe Total physical product.- (c) The Average physicał product OThe Marginal value product
- Volume of Production Price (dollars) Total Production Cost (dollars) 10 1434 22841 30 991 26408 35 917 23781 45 1020 29675 70 703 38801 100 298 44834 4. Compute the slope of the demand curve. The potential answers are: A: -12.89 B: -10.5 C: -11.33 D: -14.28 E: -10.64 5. Compute the maximum potential sales quantity. The potential answers are: A: 127 units. B: 125 units. C: 105 units. D: 116 units. E: 168 units . 6. What percentage of total costs can be estimated based on the volume of production? The potential answers are: A: 69% B: 97% C: 91% D: 94% E: 92%J 3...b.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 packaging time. 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 Inverse Method or the Cramer’s Rule, determine how many of each type of clothing should be made to use all available labor hours?