Refer to the information provided in Figure below to answer the question that follow. Molly's montly budget constraint F Number of DVDS per month Refer to Figure Molly's budget constraint is CD. Molly's income is $75, the price of a DVD is $3 and the price of a CD is $5. At point D, she is buying DVDS and CDs. Select one: a. 25; 0 b. 50; 30 C. 25; 15 d. 0; 15 Number of CDs per month
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- What is a production technology?Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the firm produces a quantity of 5 units that it sells for a price of 25 each. What will be the companys profits or losses? How can you tell at a glance whether the company is making or losing money at this price by looking at average cost? At the given quantity and price, is the marginal unit produced adding to profits?answer this question bu not on excel
- 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?Exercise Assume the yield of maize and wheat are given below with its selling price of birr 7 and 10 per quintal respectively. If only 10 units of inputs with a Price of 40 Birr per unit were used. Then: 1. A. What is the profit maximizing combination of output ? В. what is the maximum profit? of Yield wheat (Y2) of Return from Return from TR Yield TC Profit Maize (Y1) maize wheat 78 780 780 400 380 10 76 70 760 830 400 430 20 72 140 720 860 400 460 30 67 210 670 880 400 480 40 60 280 600 880 400 480 50 48 350 480 830 400 430 60 28 420 280 700 400 300 70 490 490 400 90Son 5 Marginal cost is given by 30 + 20Q - 12Q2. Fixed cost is 100. What is the average cost? Henüz 30 OA3Q? + 10Q + 70 + cevaplanmad 16,00 azennden aretlenmis 100 O B. 3Q? + 20Q + 30 + Sonyu aretle 100 OC 40 + 10Q + 30 + 30 O D. 4Q? + 10Q + 70 +
- 2500 2000 1500 Returns te scale: 0.33 1000 Price 2 10 15 20 25 30 Size dength in feet) 35 40 Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. It only the productivity of the truck Adam chooses to rent decreases, which of the following would be true at the new profit maximizing level of output and length of truck? Select the two that apply O A decrease in marginal cost O A decrease in total costs O A decrease in total revenuo O An incroase in the amount of labor Adam hires RevenueSu Jappose that the profit function tor a com modity X)=-0.01x2+20x-1990 where 3. X13 the number of Acms sold, Find the marginal profit at x=50 and tell what ;it tems so predizds.BUS202 CHO7 05 Numerical Example: TC, TR, profit labor Capital TT, Tetal Mar Cost AVC Cost AFC ATC Price Tot Rev Avg Rev Var Flxed Profit Mar Rev Avg profit Cost Cost 0100100 100 NA NA NA NA 10 00 -100 NA NA 115 20 100 120 4 4 20 24 10 50 10 -70 -14 10 2 1 15 40 100 140 2 2.67 6.67 9.33 10 150 10 10 0.67 10 3 1 23 60 100 160 2.5 2.61 4.35 6.96 10 230 10 70 3.04 10 4 1 27 80 100 180 5 2.96 3.70 6.67 10 270 10 90 3.33 10 5 1 29 100 100 200 10 3.45 3.45 6.90 10 290 10 90 3.10 10 6. 1 30 120 100 220 4.00 3.33 7.33 10 300 10 80 2.67 10 20 Assume Wages $20 per unit 6:52 / 9:13 YouTube E] CC 59. What is the level of output where MR=MC in the video? Select one: a. Q=3 b. Q=4 C. Q=5 d. Q=6