Q: in-11.3% PW-P14,539.69 You are considering the purchase, for P15,000, of an annuity that pays 2,500…
A: When evaluating various projects or decisions involving significant investments, capital budgeting…
Q: Use the figure below to answer the following questions. Price ($) 55 50 45 40 35 30 25 20 15 10 5 1…
A: The monopoly market is the market structure characterized by a single seller and many buyers. The…
Q: in a global context, does the internet provide opportunities for development with limited…
A: The Internet is one of the important sources for collecting information and communicating the same…
Q: Suppose that the marginal cost of laundry service is $1 per item, and the price - elasticity…
A: Marginal cost is $1.i.e., MC = 1The price-elasticity of demand is 4.i.e., Ed = 4
Q: Figure 7-1 Price P₂ P₁ A B e 8₂2 C E Q₁ Demand Quantity Refer to Figure 7-1. What does area C…
A: A consumer always has a specific price level that they want to pay. However, they will eventually…
Q: 12. In an effort to reduce alcohol consumption, the government is considering a 51 tax on each…
A: An illustration of how a good or service's worth or price influences how many producers decide to…
Q: 2010 2011 2012 2013 2014 $700 $600 $800 $750 $1000 a. Plot the aggregate consumption function. b.…
A: The value of disposable income and consumption spending is tabulated below:YearDisposable income ($…
Q: Like monopolists, oligopolists are aware that an increase in the quantity of output always Question…
A: A monopolist is a single seller dominating the entire market for a particular product or service,…
Q: Suppose Devon is an avid reader and buys only reusable tote bagses. Devon deposits $2,000 into a…
A: Purchasing Power: Value of one unit of currency in terms of goods and services. Purchasing power…
Q: a. What is linear programming? Briefly explain the usefulness of the model. b. Compute the prices…
A: Cost:It is the total expenditure incurred in the process of production. The cost has two types:…
Q: The central bank of st. vincent and the grenadines decides to pursue a contractionary monetary…
A: Aggregate demand refers to the total quantity of goods and services that households, businesses,…
Q: Consider a river found in the city of Philadelphia, and then answer the questions that follow. The…
A: In economics, profit is the difference between total revenue and total costs, where costs include…
Q: Suppose an economy for which the Dynamic Aggregate Supply in period t is given by the equation: =4₁…
A: A supply curve is a curve that shows the relationship between the price of a good and the services…
Q: Complete the following table by indicating how the combined effects of these transactions will be…
A: The GDP is necessary to assess the general state and accomplishments of the economy. Economists,…
Q: 2. The determinants of productivity Suppose there is a simple hypothetical economy in which the only…
A: This can be described as a form of market in which no single producer or consumer has the power to…
Q: A firm produces its output using the following production function: 1 f(x1, x₂) = x₁x₂ where x₁ is…
A: Production function:Production is a function of land labor capital and entrepreneurship. It includes…
Q: 12.02-PR004 CustomMetalworks is considering the expansion of their cable fabrication business for…
A: 5 indivisible projects are given below:Each investment will provide an exit with full return of the…
Q: If price consumption curve is positively sloped, Question 16 options: two goods are…
A: Price consumption curve is the locus of all points where the indifference curve is tangent to the…
Q: Monopolistic Competition: End of Chapter Problem In a famous article on advertising, Gary Becker and…
A: Monopolistic competition is a market structure characterized by a large number of relatively small…
Q: 6. GOODY Note: y = re real GDP real ·PPF •Good x Actual Potenti Y time AS AD Y
A: The Phillips curve defines a stable relationship between inflation and unemployment. It claims that…
Q: 3. Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are MDP /3 and…
A: Marginal benefit refers to the additional satisfaction or utility gained from consuming one more…
Q: 1. Age: 12 responses 2 Gender: 12 responses 25% 8.3% 50% 16.7% 18-25 45 (41.7% 50% 8.3% 18-25 26-30…
A: Age Distribution Pie Chart:18-25 age: 41.7% - The largest segment, indicating a significant portion…
Q: An open market sale of bonds by the Central Bank shifts the demand for reserves to the left.…
A: This can be described as the central authority of the banking system of that particular nation. The…
Q: Net capital outflows are the difference between purchases of foreign goods by domestic citizens and…
A: In financial market capital refers to money or funds used by companies, firms or individuals to…
Q: The figure below represents the productive activity of a research institute. Researchers create a…
A: Externalities remain relevant in current economics because they emphasize the unanticipated effects…
Q: What would happen to the equilibrium price and quantity of golf club memberships if the price of…
A: Equilibrium in the market is the situation where quantity demanded equals the quantity supplied.The…
Q: Suppose the Australia is currently at its trend level of potential output. All economies are open.…
A: Macroeconomic analysis provides a comprehensive picture of the financial status of an economy. It…
Q: Use this table to answer the following question. Output Total Variable Cost 1 $20 2 $24 3 $33 4 $40…
A: The total cost is the total expenditure done by producer in the production process. There are two…
Q: Suppose the Fed decided to sell $100 billion worth of government securities in the open market.…
A: The percentage of funds that commercial banks must retain in reserves as mandated by regulatory…
Q: Price P₁ P₂ D O a. ACF O b. ABD OC. DEF O d. BCED E Q₂ B Quantity Refer to Figure 7-2. Which area…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve.The…
Q: The table lists the profits of two different spa chains, Elite and Supreme. The profits depend on…
A: Game theory was discovered by von Neumann and Morgenstern in which two or more players play a game.…
Q: The government begins year 1 with $25 billion of debt. Based on the information in the above table,…
A: Debt is the sum of budget deficit, offset by budget surplus. Budget deficit occurs when government…
Q: The following demand and supply schedule represents the efficient private allocation of cell phones.…
A: This can be defined as a form of cost that is decided where the social cost of any particular…
Q: ou are the manager of a monopoly that sells a product to two groups of consumers in different parts…
A: Demand elasticity measures how sensitive a good's quantity desired is to variations in its price. It…
Q: Is absolute advantage or comparative advantage more important for trade? Give an Example
A: International trade or trade refers to the exchange of capital, goods, and services outside the…
Q: Jane invests R8,000 at an annual interest rate of 6%, continuously compounded annually. How much…
A: In the continuous compounding there will be an assumption that interest is compounded and reinvested…
Q: Calculate the present worth of all costs for a newly acquired machine with an initial cost of…
A: Present worth refers to the value that the future asset or the future investment alternative has at…
Q: The figure on the right shows a pair of budget deficit functions for a country (G+iD-T), denotes the…
A: The budget deficit function, which expresses the difference between government expenditures (G) and…
Q: A B C D E F G H S D Q in the figure above, A-33, B-24, C-18, D-9, E-13, F-15, G-19, H-21. f the…
A: Quota licenses are essentially permits issued by the government that allow the holder of a license…
Q: The province of BC is increasing the wage of family doctors from $250,000 to $385,000. A local radio…
A: Labor market equilibrium is a state in which the quantity of labor supplied by workers equals the…
Q: In Dallas, 120 people are willing to work an hour as hostesses if the wage is $10 per hour. For each…
A: The labor supply curve represents the quantity of labor supplied at different levels of wage rates.…
Q: An industry consists of three firms with sales of $225,000, $45,000, and $315,000. a. Calculate the…
A: The HHI is a statistic that's employed in some industries to evaluate market concentration. It is…
Q: In a global context, are opportunities for development growing or diminishing?
A: Development by and large alludes to the course of growth, progress, or headway, frequently with an…
Q: Determine the values of p for which demand is elastic and the values of p for which demand is…
A: The price elasticity of demand at a point on the demand curve is calculated as . The price…
Q: PROBLEM (3) Consider the differentiated goods Bertrand price competition model where firms A and B…
A: An oligopoly is a kind of market structure in which only a few firms exist. The few dominate the…
Q: Suppose Company A is about to play a game with Company B. The following facts are known about the…
A: The following game matrix is given:Player BMNX-53Player AY3-7Z-65
Q: If Carol's disposable income increases from $1,200 to $1,700 and her level of saving increases from…
A: Every consumers earns a particular salary but they had to face a number of deductions. The…
Q: Suppose that in December the public wants to hold more currency to buy gifts and make donations to…
A: The money supply is the total amount of currency in circulation within an economy. It includes…
Q: Suppose that in December the public wants to hold more currency to buy gifts andmake donations to…
A: The objective of the question is to understand the impact of the public's shift from deposits to…
Q: The economy of Carlsberg is presently in equilibrium, but is suffering a recession as depicted in…
A: Macroeconomic research provides a comprehensive forecast for the fiscal landscapes of entire…
Step by step
Solved in 3 steps
- Q3_A The Break even Analysis of firm show that: BEP = 1000 FC = 10,000 $ P = 3% of the quantity of zero profit. A) The point of intersection of TR with TC is at the cost point of $ 45,000 for TR. B) At the point where (zero units sold) TC equals $ 5,000 C) the start of the line drawing for TR is at cost point $ 0 D) the value UVC for the product in question equals $ 10) E)the FC value in a point for BFP equals $ 10,000 For the given choices, showing which one is True and which one is False, correcting the False ones and given a reasonable reason for the True. Write your answer below:Q9 ABC is a small business producing instructional modules for disabled children in public schools. The modules produced by ABC are not differentiated and the market price is $1,300 per module. ABC operates in a small office that rents for $600 a month and leases computer equipment that costs $480 per month. The chart lists other cost of production. Output (Q) Fixed (Instructional Cost Modules Per month) 0 1 2 3 4 5 6 7 8 9 10 Variable Total Average Average Cost Cost Fixed Variable (TC) Cost (AFC) (FC) (VC) 1,080 400 1,350 1,900 2,500 4,100 5,400 7,300 1,480 2,430 4,280 10,880 216 135 Cost (AVC) 475 Average Total Cost (ATC) 965 Marginal Cost (MC) 400 450 700 1) Complete the chart and plot the following graphs: AFC, AVC, ATV, MC. Be sure to label axis and graphs. 2) How many instructional modules ABC will produce, assuming it is profit- maximizer? Explain your answer and show that on the graph. 3) Determine ABC's profit and shade the profit on the graph. 4) Given the level of ABC's…I'll give you multiple upvote..hand written plz
- ntQu102spring22 (1) - Protected View • Saved to this PC - O Search (Alt+Q) Faridatu Pafadnam References Mailings Review View Help t Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing, Enable Editing 3) Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry. MC SRATC 4 SRAVC 1.5 1 100 200 300 400 Quantity FIGURE 1 a) Refer to Figure 1. If the current market price is $6, what is the profit-maximizing output for this firm? b) Refer to Figure 1. If the price is $6 and the firm is producing at its profit-maximizing output, then what are total costs for the firm? c) Refer to Figure 1. If the market price is $1, the firm will produce short run. units of output in the d) Refer to Figure 1. If the market price is $2, what the firm will do? Price $Perko manufactures and sells coffee cups. Graphs of the revenue and cost functions are shown below. Both revenue and cost are in dollars. If the fixed costs to manufacture the cups increases by $100.00, the cost function will change. Draw the new cost function on the graph. 1000+ 800 600 400 200- 10 Clear All Draw: 20 A 30 40 50 60A firm has three different production facilities, all of which produce the same product. Whilereviewing the firm’s cost data, Ron, a manager, discovered that one of the plants has a higher averagecost than the other plans and suggests closing this plant. Another manager, Jack, notes that the high-cost plant has high fixed costs but that the marginal cost in this plant is lower than in the other plants.He says that the high-cost plant should not be shut down but should expand its operations. Who isright?
- Total Revenue Total C ost Proit/Loss/ Price( P) Quantity (TR) (TC) Break Even $3 5. 2 9. 3 8. 4 11 5. 15 6. 21 30 8. 42 6. 60 10 85 Yummy Cupcakes is a purely competitive firm. The firm's costs are shown in the table above. The market price is $5 (USE THIS TO FILL IN THE PRICE COLUMN) When Yummy Cupcakes produces 1 cupcakel Q-1).the firm : O breaks even incurs a loss O earns profits will shutdown1. A firm has three different production facilities, all of which produce the same product. Whilereviewing the firm’s cost data, Ron, a manager, discovered that one of the plants has a higher averagecost than the other plans and suggests closing this plant. Another manager, Jack, notes that the high-cost plant has high fixed costs but that the marginal cost in this plant is lower than in the other plants.He says that the high-cost plant should not be shut down but should expand its operations. Who isright? 2. Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500, and its fixed cost is$800, of which $600 is avoidable if it shuts down? Explain.Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs) Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair) 60 1 155 220 255 300 350 450 10:15
- Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table. Number of Photocopies Per Month Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $100 1,000 $110 2,000 $125 3,000 $145 4,000 $175 5,000 $215 6,000 $285 a. Fill in the missing numbers in the table, assuming that Margie can charge 6 cents per black-and-white copy. Margie's fixed cost is: $ Variable cost, 0 photocopies/month: $ Variable cost, 1,000 photocopies/month: $ Variable cost, 2,000 photocopies/month: $ Variable cost, 3,000 photocopies/month: $ Variable cost, 4,000 photocopies/month: $…2AAWO AC I4 17.1 REVENUE, COST, AND PROFIT APPLICATIONSITSO RSYHAHD 797 20 A firm sells each unit of a product for $50. The total cost of producing x (thousand) units is described by the function C(x) = 10 – 2.5x² + x³ where C(x) is measured in thousands of dollars. (a) Use the marginal approach to determine the profit-maximizing level of output. (6) What is total revenue at this level of output? Total cost? Total profit? 1 The profit function for a firm is -000Eustace H. Hogan has been an employee of Major Drilling for the last two years. He uses an office in his basement to fill out orders on the internet, call customers on his cell phone, and do paperwork related to his business. Because Major Drilling doesn't have an office in his city, this is his only place of business. His home office is 200 square feet in size and he thinks his house is 2,000 sqare feet in total size. His home costs for the year are listed below. He does not earn any commissions from his work. How much can be deduct from his employment income? (remember that deductions are negative(xxx.xx)) cell phone $600(used 100% for employment) internet $1,000(used for the whole home) power/hydro $2,000 mortgage principle $6,000(repayment of mortgage) pool installed $20,000(in the backyard)