Complete the table below: Output Total Cost (RM) Total variable cost (RM) Total fixed cost (RM) Average fixed cost (RM) Average total cost (RM) Marginal
Q: The production function for a widget-manufacturing firm is given by q = 9K0.5L0.5, where q is the…
A:
Q: C. Market for Electric Fans In the long-run equilibrium of a competitive market, the market supply…
A: Disclaimer: - Since you asked multipart questions, we are solving first 3 subparts as per…
Q: How were the figures calculated?
A: Answer is given below
Q: g. Suppose that taxes are not exogenous as suggested at the beginning of this task but, rather,…
A: Aggregate demand is the sum of Consumption, Investment, government spending and net export. In a…
Q: Suppose the price-demand equation for a product is f(P) = 625 - 2P². Find the elasticity of demand…
A: The Elasticity of demand measures the quantitative change in the demand in response to the change in…
Q: Consider the following finitely repeated date game. Write down a subgame perfect equilibrium. You…
A: Subgame perfect equilibrium is the refinement of the Nash equilibrium for the dynamic game. Nash…
Q: Q3 The relations describing demand and supply for a hairdresser's service can be showed as the…
A: "As per the guidelines answer is provided to the first three sub-parts of the question."…
Q: What can we do to deal with the externalities associated with public goods and common resources?…
A: Externalities can be defined as the situation in which the production or consumption might result in…
Q: Refer to Figure 9-6. With free trade, what would producer surplus be? $200 $160 $150 Another value…
A: Producer surplus refers to the surplus that shows the difference between the amount the…
Q: QUESTION 42 A marketing channel is a business structure composed of interdependent organizations…
A: Firms that engage themselves in marketing campaigns are trying to execute a selling campaign that…
Q: Please answer part (iv) of the above question
A: Due to bias against particular categories of individuals, different prices are charged to buyers for…
Q: 1. MONOPOLISTIC COMPETITION onsider the following graph of a monopolistically competitive firm: ↑…
A: Total revenue is the amount that the seller earns by selling their product. The cost of producing an…
Q: Which concept of market efficiency is violated when health consumption is subsidized for the…
A: The degree to which market values reflect all available, useful facts is referred to as market…
Q: After three years at the Massachusetts Institute of Technology, Renaud realizes that he doesn't want…
A: The marginal revenue refers to a extra revenue added by increasing the quantity with an additional…
Q: Question 4 If an increase in the price of a good has no impact on the total revenue in that market,…
A: Total revenue is the revenue which has been generated by sale of all goods. This is given as:- TR…
Q: A fertilizer plant emits a very foul odour during the production process. If the government forces…
A: A negative externality refers to the externality that exists when the production or consumption of…
Q: Om1. 1. ______ capital is the sum of the resources a person possesses as a result of investments in…
A: ***Since the student has posted multiple questions, the expert is required to solve only the first…
Q: SJ Mask producers would like to seek the advice of your Market Research company to advise and give…
A: The demand function is the mathematical representation of the relationship between the quantity…
Q: Graphical representation of the relationship between the price of the good and its quantity that…
A: We are supposed to name the term which is the Graphical representation of the relationship between…
Q: ivate marginal cost and MB represents private marginal benefit. ssume there are two types of firms…
A: In the presence of a positive externality, allocative efficiency occurs at the following point. MC =…
Q: 2 An economy has 100 000 total population, 80 000 over 16 years old, 60,000 people employed, 5,000…
A: As per generally conventional measurement, Unemployment rate is merely calculated using following…
Q: w = 40, r = 40, AFC = 0.2 and ATC = 4.2. Based on this information, what is the firm's average…
A: In the short run, capital is fixed and labor can vary. So, money spent on capital is a fixed cost.…
Q: Explain any appropriate criterion for classification of goods based on income and substitution…
A: Expanded purchasing power affects consumption, while changing relative pay and costs affect…
Q: What is the limitations in a monopoly market. Define it in in a proper way.
A: Introduction: The market can be defined as a location where two or more parties come together to…
Q: This is a form of governmental public policy that has been implemented to reduce the purchase of…
A: A sin tax is a type of excise tax. It is specifically levied on certain goods that are harmful to…
Q: One strategy that central banks can use to control inflation is O Increasing the capacity of…
A: Inflation is the general increase in the price level. The central bank of a nation controls the…
Q: 121 in the graph below, the firm is producing the quantity H. The marginal cost at the quantity His…
A: In economics and managerial accounting, marginal costing refers to an increase or decrease in total…
Q: If people decide to increase the ratio of currency they hold relative to the amount of transactions…
A:
Q: Moral hazard is a problem that arises when which situation occurs? There is a risk of a "lemon."…
A: A Moral Hazard is a problem of behaving less carefully at the cost of giving the burden of risk to…
Q: b) (5 points) This part is unrelated to previous parts. Market price in a competitive market is at…
A: b) Explicit costs include out-of-pocket charges or payments. Employee wages and office rent are two…
Q: Suppose there is an increase in government spending in a closed economy. In medium-run such a fiscal…
A: Check next step for explanation
Q: 5. Which one of the following is the best example of an artificially scarce good? a. National…
A: Artificially scarce goods also called club goods are one of the types of goods in economics. The…
Q: In the bank balance sheet below, what is the amount of Loans held by the bank? Reserves Securities…
A: Net worth is actually the difference between the banks total assets and total liabilities . So here…
Q: Reinsurer A enters into a quota share agreement with primary insurer P - In this quota share…
A: A quota share is a type of reinsurance arrangement in which the reinsurer and the primary insurer…
Q: . Which of the following is assumed for establishing the unbiasedness of Ordinary Least Square (OLS)…
A: Ordinary least squares (OLS) is a form of linear least squares approach in statistics that is used…
Q: Assume that Argentina keeps a fixed exchange rate with respect to the Brazilian currency and that…
A: The fixed exchange rate is the policy where the change in exchange rate will come again to the…
Q: Which characteristic of the indifference curve explains that the ranking of the bundles of goods by…
A: A combination of two things in a variety of ratios that provides a person with equal benefit is…
Q: A man paid 10% down payment of P2, 000,000 for a house and lot. If the rate of interest is 15%…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: In January 2021, Harold's Hottub Manufacturing, Inc. owned machines valued at $5 million. During the…
A: Gross investment refers to the total investment done by a firm. Whereas, net investment refers to…
Q: 2 An analysis of the economic segment of the external environment would include all of the following…
A: Interest rate is the price of money and different interest rate affects the foriegn currency flows…
Q: An economy is in equilibrium. Calculate national income from the following: Autonomous consumption =…
A: Investment expenditures are a critical consider the short run macroeconomic examination of business…
Q: Latest news shows that the local officer in Beijing are discussing increase minimum wage for cleaner…
A: Price control refers to the scenario when the government imposes a policy leading to set the minimum…
Q: Describe two different fundamental ways that a firm can try to move towards being a monopoly
A: A monopoly is a type of market structure in which only one seller owns all of the markets of a given…
Q: a. At the market price of $80 per unit, what is the profit maximizing level of output? Why is this…
A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…
Q: 2. MULTIPLECHOICE: A firm owner Sally meets her banker, Tom, to work out the details of a one-year…
A: The information which has been given is as follows:- Expected inflation by both = 3% Nominal…
Q: Are vaccines considered as public good? Show in graphical explanation or representation. 2.…
A: Since, multiple questions have been asked by you , we will solve first question for you. Please…
Q: 3. Assume that a profit-maximizing firm in a monopolistically competitive industry is in long-run…
A: A monopolistic seller is almost similar to a perfect competitor. A monopolistic seller uses to…
Q: Viktor is a lawyer who loves filing legal briefs and motions. His goal is to get as many legal…
A: According to the economics term, Opportunity cost refers to the value of what you have to give up in…
Q: A company markets two products. The quantities of these two products are x and y. Both products are…
A: Answer: The objective of any company is to maximize its profits. Achieving this goal requires…
Q: Question 19 widget-manufacturing The production function for a firm is given by q = 9K0.5L0.5, where…
A: Marginal Product of labour is the additional output produced when an extra unit of labour is…
Complete the table below:
Output
Total
Cost
(RM)
Total
variable
cost
(RM)
Total
fixed
cost
(RM)
Average
fixed
cost
(RM)
Average
total
cost
(RM)
Marginal
cost (RM)
0 50
5 160
10 200
20 250
36 330
58 400
72 480
88 580
106 700
130 820
150 980
Step by step
Solved in 2 steps
- Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?Write a paragraph to explain to your CEO that based on using regression analysis, through using the solver tool of excel, recalculate the optimum units to produced this month is 800 pro 200 mini to have the maximize revenue of $174,400.00. Explain what/why would it be if you make any changes in the units to stay within the constraints that you have it would produce less money.F a) Draw the demand process cycle and label it fully. b) A door company has the following materials in inventory. Inspect the table below and answer the following questions Material Average (in Kilograms) Price Aluminum 3884 $3.0 Steel 5850 $1.4 Iron 200 $1 Work in Progress Average Price Fence 78 230 Final Products Average Price Door 300 300 Window 550 240 i. Calculate the number of turns. ii. Calculate the cost per day.
- We have the results from our first Facebook ad campaign. The following table summarizes the results broken down by age and whether the person seeing the add clicked through. Age 40 or under 85 Age more than 40 65 Total Clicked Through 150 Did Not Click 590 260 850 Total 675 325 1000 For our up(combing) (pun intended) campaign, I want to make it as effective as possible, a cut above all other ad campaigns! I'm thinking that since 85 (or 56.7%) of the 150 people who clicked through to our website are age 40 or less, we should focus our ads to only younger people. I'm not great with number though, and since I know you had a stats class in college, I wanted to get your opinion. Should we focus our adds only to those age 40 and under or should we do something else?the numbers inputed on the graph are correct so farUse the following table to ccalculate TVC - keep your calculation for follow up questions: Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Total Output Total Cost TVC 0 $20 $0 10 $40 $20 20 $60 $40 30 $90 $70 40 $120 $100 50 $180 $160 60 $280 $260 b. Total Output Total Cost TVC 0 $20 $20 10 $40 $20 20 $60 $40 30 $90 $70 40 $120 $100 50 $180 $160 60 $280 $260 c. Total Output Total Cost TVC 0 $20 $0 10 $40 $40 20 $60 $60 30 $90 $90 40 $120 $120 50 $180 $180 60 $280 $280 d.…
- pols Add-ons Help Last edit was seconds ago xt I UA Calibri 11 + 三 2 | 3 II | I 4 II| II6 4. Thanks to years of consistent contracts and an outstanding administration, Crestwood High School has formed one of the best teaching staffs in the State of Michigan. This staff has learned how to work seamlessly with each other and students. They are now able to effectively teach more students in every class than before. *Name the determinant: Automakers have introduced new heating lamps to their paint shops that allow them to dry layers of paint faster than ever before. These newly invented heaters use less energy and have greatly increased output. 5. *Name the determinant: 27°C Rain II 近Use the following table to calculate AVC - use previous calculations and keep your calculation for follow up questions: Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Total Output Total Cost AVC 0 $20 $20 10 $40 $2 20 $60 $2 30 $90 $2.33 40 $120 $2.5 50 $180 $3.20 60 $280 $4.33 b. Total Output Total Cost AVC 0 $20 $10 10 $40 $20 20 $60 $20 30 $90 $23.33 40 $120 $25.5 50 $180 $32 60 $280 $43.33 c. Total Output Total Cost AVC 0 $20 $2 10 $40 $2 20 $60 $2.33 30 $90 $2.5 40 $120 $3.20 50 $180…Teresa is a hard-working second-year university student. One Thursday, she decides to work nonstop until she has answered 100 practice problems for her physics 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 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 40 70 90 100 Use the table to answer the following questions. The marginal, or additional, gain from Teresa's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Teresa's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant in Teresa's physics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 35 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 number of pages during…
- Briefly defineOutput quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125 X 1125 150 1200 X 175 1875 200 2000 2250Quantity (Q) 1 2 3 456700 8 Total Fixed Cost (TFC) 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 Total Variable Cost (TVC) 0.00 17.00 30.00 41.00 48.00 57.00 77.00 81.00 Total Cost (TC) Average Average Average Fixed Variable Total Cost Cost Cost (AFC) (AVC) (ATC) Marginal Cost (MC)
