.4 (Least squares) UpTop Mining has compiled the following data to analyz costs: onth Machine Hours Utility Cost muary 200 $300 pruary 325 440 rch 400 480 ril 410 490 y 525 620 ne 680 790 820 840
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- 8:35 O ll 60% Econ101- Final Written.. QUESTION 2 Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 80 150 200 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt) 2.b- What is the total utility of five chocolate bars per day QUESTION 3 3- You are a firm owner. Your total revenue was 100 TL last year. Your costs for rent and supplies were 35 TL. To start this business, you invested certain amount of money that could bring you a 45 TL as an annual return. If you would work for another company, DONOT CORY 3.a- Refer to the statement above. What were your economic costs during the year? Please calculate. (3 pt) 3.b- Refer to the statement above. What was your cconomic profit last year? Please calculate. (3 pt) QUESTION 4 Table 2 Technology Units of Capital Number of Employees 2. 5 12 B 11 10 D 10 4 4- Use the information provided in Table 2 above to answer the question(s) that follow. II…Mega Partner is selling two products Marker(m) and Eraser(e) and their budget is given with thefollowing equation: 15Qe+ 30Qm= 3000. Now answer the following questions. I. Draw the budget line for Mega PartnerII. What would be the highest amount spend on Marker with the existing budgetIII. If Total budget increases to 4500 what would be the new budget line (use diagram)IV. If Price of the Marker becomes 15, how this changes the existing budget line keeping allthe values remain same.Describe the results shown in the following graph. 1) What does Estimated Effect mean here? 2) What do the authors find? 3) Why is the estimated effect near O for 4 months after the implementation of a stay at home order? 12 Months from stay home order Estimated Effect
- Alda is willing to pay $2,000 to visit her favoritecousin over spring break. A month ago, she bookeda trip costing $1,200. Spring break has arrived, butAlda needs one day to finish an important paperbefore she goes. Alda could cancel her trip and geta refund of $800. Or, she could pay an additional$1,000 (on top of the $1,200 she already paid) torebook the trip for two days later. Explain whatAlda should do.Title Suppose that Lynn enjoys coconut oil in her coffee. She has very particular preferences, and she mus Description Suppose that Lynn enjoys coconut oil in her coffee. She has very particular preferences, and she must have exactly two spoonfuls of coconut oil for each cup of coffee. Let C be the number of cups of coffee, and O be the number of spoonfuls of coconut oil. Also, let PC be the price of a cup of coffee. Suppose Lynn has $12 to spend on coffee and coconut oil. Also, the price of coconut oil is $.50 per spoonful.a) Graph Lynnâs Price Consumption Curve for prices, PC = $1, PC = $2, and PC = $3. Please put the number of cups of coffee on the horizontal axis, and the number of spoonfuls of coconut oil on the vertical axis. Be sure to label your graph carefully and accurately.b) Graph Lynnâs demand curve for coffee. You may assume that both coconut oil and coffee are continuous variables so she can consume any amount of coffee and coconut oil that she could afford.…Course dashboard Soru 12 SCENARIO 1: You are the owner and the only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue Henüz cevaplanmadı of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business 4 üzerinden you invested an amount of your own capital that could pay you a return of $40,000 a year işaretlenmiş Refer to Scenario 1. Your economic profit last year was P Soruyu işaretle Lütfen birini seçin: O A. - $ 10000 O B. $ 30000 O C -$ 30000 O D.-$ 40000 O E$10000 SONRAKİ SAYFA ÖNCEKİ SAYFA
- 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?You are working for the chiefeconomist at Microsoft. Microsoft’s only significantcosts to producing and distributing a new version itit’s operating system is $30,000 in wages to itsemployees, $15,000 in computer testing, and$5,000 in utilities. Microsoft’s marketing department estimates that thedemand a new version it it’s operating system is Q = 320 – 0.5 P, with Pmeasured in dollars.What price should Microsoft charge for a new version it it’s operatingsystem? What profit should Microsoft expect?0 2 O 4 6 08 D Scones 10 1 2 3 4 5 Total Utility 10 18 24 Refer to Table 6.3, which shows the total utility and marginal utility derived from the consumption of scones. The first column of the table represents the number of scones a consumer consumes in a day. The second column of the table presents the total utility derived from that consumption, and the third column shows the marginal utility of each additional scone. The total utility derived from the consumption of one scone is units. 28 30 Marginal Utility 6 2
- MN 00 CO IN %24 Question 25 of 60 > (Table) Based on the table, assume that a bag of chips costs $3. The marginal utility per dollar for the first bag of chips is Bottled Water Bags of Chips Quantity Total Utility Quantity Total Utility 1. 1. 09 06 105 2. 3. 06 4. 114 4. 90. 120 O 10. O 20. O 15. 10:07 PM 75°F ENG 12/12/2021 dp f12 prt sc delete home 61 pua f4 144 I14 backspace -> wnu lock 7. 6 5. 9. 4. L home D. enter K. pause ↑ shift! After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at the local community college rather than accept a job that had a starting salary of $12,000/year. If the annual tuition and fees are $4,600, the annual opportunity cost of attending the community college is O $16,600 O $12,000 $24,000 O $7,400 O $4,600QUESTION 23 Quantity Per Week 0 1234 00 0 5 6 7 8 9 Amy 0 5.0 9.9 14.7 194 24.0 28.5 329 37.2 414 Total Utility David 0 600 1200 1800 2400 3000 3600 4200 4800 5400 Robert 0 100 190 270 340 400 450 490 520 510 Michelle 0 60 130 220 310 425 575 900 1275 1770 Refer to the above table. Which of the four people have utility schedules characterized by the law of diminishing marginal utility? O Michelle and David only O Amy and Robert only Michelle only Amy, Robert, and David only