At the optimal quantity, what is the total cost of the burgers that are purchased?

Q: O Why the financial manager should maximize their wealth?

A: Profit maximization is a point where the marginal revenue(MR) is equal to marginal cost (MC) margina...

Q: Consider a good X sold in a monopolistically competitive market. Let the domestic government impose ...

A: Different countries have different currencies all around the world. For example United States of Ame...

Q: Are technical regulations in different countries equal and constitute they barriers to trade? Which ...

A: A technical regulation is a Government document that lays down product characteristics or their rela...

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A: The Solow Model of economic growth or the neo classical model of growth This model is also known as ...

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Q: .what is the history of transportation? ( year - what was the way they transport )

A: Transportation plays an important role in the economy. As the growth occurred in transportation, it ...

Q: Graph the following a. Flood destroys the rice crops. Demand remains constant. Show effects on marke...

A: Since you have posted a question with multiple parts , I have solved the first three sub parts for y...

Q: Below are historical data on the price level and weekly U.S. earnings from 1960 to 2020. Calculate r...

A: Please find the answer below.

Q: _1. Economics is the study of how people utilize their unlimited resources to satisty limited wants....

A: Disclaimer: Since it is a multi-part question, I am providing you with the answers to the first thre...

Q: Using the expenditure approach, compute the value of the GDP? Transfer Payments $54 Interest Income ...

A: GDP using expenditure approach: Household Consumption + Government Expenditure + Investment + Net Ex...

Q: What trend(s) characterizes the level of income inthe United States

A: In economics, income is defined as the reward given to the factors of production for their factor se...

Q: High unemployment is undesirable because it   Question 6 options:   a)  reduces idle resources.   b)...

A: Unemployment refers to a situation when people are willing and able to work but cannot find job.

Q: Identify the following weighted voting system. ​   ​     one person, one vote     veto power s...

A: Here, a specfiic voting system is given as the total number of votes is 84, which are divided into d...

Q: The New York City Parks Department learned an important lesson about elasticity when it decided to i...

A: Price increased from $100 to $200 and quantity of permits demanded decreased from 2000 to 1000. 

Q: Consider the IS-LM AD-AS model (with adaptive expectations). Assume that the economy is initially in...

A: The aggregate demand curve shows the inverse relationship between the price level and quantity deman...

Q: Y Example 12. Compute (i) Laspeyre's Price Index, (ii) Weighted Average of relatives Index number ta...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: The equations below represent the demand and supply curves for annual gym memberships in a city. q...

A:   Given,  qD=500-2pqS=0.5p-50Membership saves $30 of public spending

Q: Imagine that the flat-screen TV market is made up of one large firm that leads the industry and sets...

A: In Stackelberg duopoly, two firms compete in quantity where one firm has first mover advantage and s...

Q: What are some mandates and compliance regulations that protect people's identity and privacy?

A: Concept Privacy refers to a person's ability to control when, how, and to what extent their personal...

Q: You have $50 in your wallet today. From the following statements, if your time of reference is today...

A: Given 50$ in your wallet today, and the reference is today, then it means that 50$ are in actual val...

Q: Refer to the diagram that shows an ADIAS model for a hypothetical economy. The economy begins in lon...

A:

Q: Voluntary contributions toward a public good Larry and Raphael are considering contributing toward t...

A: Given that: For every $1 contribution, Larry receives a benefit of $0.80 and Raphael receives a bene...

Q: Impact of mandatory Phihealth coverage for all person with disability.

A: The PWD ID is the standard distinguishing proof card for people with disability (PWDs) in the Philip...

Q: What does this phrase means? “Immigrants steals our job opportunities.”

A: The concept that depicts settling or living permanently in a foreign country is being known as immig...

Q: Consider an open economy with consumption matrix C = If the consumer demand is given by d = (17, 8),...

A: Introduction Its answer is b) yes, here is positive production function. Consumption function and de...

Q: "At the time of the Great Depression the Secretary of the Treasury Andrew Mellon was quoted as sayin...

A: depression, in economic matters, a significant slump in the business cycle portrayed by sharp and su...

Q: Let us de te Jonn s dally nours of nu his H. SuppoSe thất only source of income is wages for hours w...

A: John's working hours is denoted by H and leisure is denoted by N . The equation of work and leisure ...

Q: Suppose we alocate a foxed supply of a depletable resource between two periods in a dynamically effi...

A: The demand function shows the inverse relationship between two variables that are price and quantity...

Q: verything else held constant, if a factor decreases the demand for ________ goods relative to ______...

A: When demand for domestic goods falls relative to the foreign goods then export of  domestic goods fa...

Q: As a Project Engineer, you have been tasked to make an analysis and to recommend to your company on ...

A: ROI means the return of income. It is one of the performance measures used to evaluate efficiency on...

Q: Assume that the following equations characterize a small open economy: Y= 5,000 C-0.5 (Y - 7) 1-2,00...

A:

Q: Consider the IS-LM AD-AS model (with adaptive expectations). Assume that the economy is initially in...

A: A supply shock is an unpredictable phenomenon that suddenly changes the quantity supply of a product...

Q: What is the purpose or importance of having higher net income of a central banks?

A: In an economy, Central Bank is the financial authority that is responsible to conduct monetary polic...

Q: There are 2 firms (i = 1,2) in an economy, which use capital only to produce final output. The produ...

A: Introduction There are two firms in the economy. The economy use only capital to produce final outpu...

Q: AC1 AC2 AC1 AC2 LRAC 01 02 Output per time period Refer to the graph above to answer this question. ...

A: The expenses that are being incurred by the business for carrying out its day-to-day transactions ar...

Q: 2. A man is considering investing P500, 000 to open a semi-automatic auto-washing business in a cit...

A: Option A is correct.

Q: The supply and demand curves for a product are given by the following equations: P = aQs + b and P =...

A: Given information Given information Demand function P=cQd+d Supply function P=aQs+b new demand funct...

Q: Adrienne and Sarah consume pizza Z and cola C. Their utility functions and marginal utilities are, r...

A: Given  The utility function of Adrienne: UA=ZACA              ... (1) The utility function of Sarah:...

Q: the answer to this question is Q8.14= The after-tax present worth of the chip placer is -$1683. we j...

A: Present worth is equal to the annual worth and rate of interest and time duration. The annual worth ...

Q: device that cost 50000 at the start of the year lose 10% of its value each year. find out how much

A: It is given that  Present value = 500000 Reduced value = x Rate of depreciation = 10% p.a. Number of...

Q: The autonomous savings level is -300, if the income increases to 500, the level of consumption will ...

A:  Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the questio...

Q: January is choosing how much of pudding (measured on the horizontal axis) and how much of meat (meas...

A: There are two goods, i.e., pudding and meat. The price of the pudding is $1.25 per pound. The price ...

Q: . The mercantilists maintained that: a. Trade benefits one nation only at the expense of another nat...

A: Mercantilists were of the opinion that the country should always be in a Trade surplus that is the e...

Q: Mike’s utility function is U(x,y) = x0.25y0.25, The price of good x is 2 and the price of good y is ...

A: We know that at the optimal MRS = Price Ratio so we will use that here. MRS = (MUx)/(MUy) MUx = 0.25...

Q: Find the maximum profit and the number of units that must be produced and sold in order to yield the...

A: We have given the revenue function R(x)=7x-4x2            .... (1) Cost function: C(x)=x3-5x2+4x+1  ...

Q: Suppose Diane's utility function is U=VIncome . Diane earns an income of 00, but there is a 15% chan...

A: The premium of insurance is decided based on the expected values. 

Q: Use the Budget Line and Indifference Curve concepts to illustrate how a consumer can obtain the high...

A: The curve that depicts various combinations of goods and services which could provide different util...

Q: An electrician quits her current job, which pays $25,000 per year. She can take a job with another f...

A: Opportunity cost is the next best alternative foregone to attain some kind of decision. The concept ...

Q: The demand functions for each of two goods depend on the prices of the goods, p1 and p2: qD1=15-3p1+...

A: Demand:   Q₁= 15-3P₁ +P₂   Demand:  Q₂ = 6-2P₂ +P₁   Supply :  Q₁ = 2 +P₁                  Q₂ = 1 + ...

Q: Under the Bretton Woods system, the organization assigned the task of making loans to countries that...

A: Under the Bretton Woods agreement, US dollar is pegged to gold by a  a fixed exchange rate system.