Consider the production function Q = 20K1/2L1/2. The firm operates in the short run with 20 units of capital.  a. The firm’s short-run production function is Q = ______________. b. The average product of labor function is AP = _____________. c. The marginal product of labor function is MP = ____________. Now, let the wage be ₱500.00. d. Derive AVC(Q). e. When 160 units are produced, _____________ units of labor are employed, and the average product is ____________. Average variable cost is ₱___________. f. Derive SMC(Q). ANSWER ONLY  D, E ,F

Q: In an economy with 200 million people, 140 million hol civilian jobs and 9 million are not working…

A: Unemployment is a time period relating to individuals who are employable and actively searching for…

Q: Suppose that the MPC is 0.60 and there are no crowding-out effects. If government expenditures…

A: Aggregate demand is the sum of consumption, investment, government spending and net exports in an…

Q: Refer to the figure above. If the market had been competitive but was taken over by a cartel, as…

A: The equilibrium is established where the P =MC. But in the cartel profit is maximized where the…

Q: If the area of A = 2500, and the area of b is 2500, what is the Gini coefficient for this economy?…

A: Gini coefficient in simple words we can say that it is also known to be Gini ratio or the Gini index…

Q: (3) Assume that s = 3. (a) Find firm B's profit function under the subsidy. (No work required.) (b)…

A: Introduction We have given two firms in Karhide. Firm A is the foreign firm and firm B is the…

Q: What is the relationship between the marginal and average propensity to consume in the standard…

A: Concept: Average propensity to consume is the ratio of total consumption to total income which…

Q: Gabby flips a fair coin and it shows heads, When trying to guess what the coin will show on the next…

A: Investors often commit this error when they believe that a stock will lose or gain value after a…

Q: You own a 6%bond and want to sell it in a yearl Di you hope that interest rates rise or fall?…

A: there are a lot of signals where we can say that we have to sell the bond.

Q: 1. What is the number of pure strategies that each player has: 1 Left Right 2 2 Right Left, 1,0 2,2…

A: We have sequential game between two players, player 1 and player 2.

Q: Suppose the inverse demand curve on ore is given by P = 77 - 0.42 Q. Ore can be either mined or…

A: Given P = 77 - 0.42Q MC1 = 7q1 MC2 = 12 + 3q2 Find out What percent of total demand is satisfied by…

Q: The following equations describe the monopolist's demand, marginal revenue, and the marginal cost…

A: In a monopoly, inefficient quantity is produced and higher price is charged relative to competitive…

Q: In Billions of Dollars 14000 12000 10000 8000 6000 4000 2000 TO-000€ 2000-06 10-100 60-100 2002-02…

A: In macroeconomics, the money supply (or money stock) alludes to the complete volume of cash held by…

Q: Imagine that in the fictional country Microtopia, the market for a specific good is controlled by a…

A: In monopoly, eqm Q(quantity) is found by the intersection of MC(marginal cost) and MR(marginal…

Q: a) How do the pay-as-you-go and fully funded social security systems affect the equilibrium in the…

A: This report demonstrates that the investigation of fiscal sustainability of sociable security must…

Q: 3. Suppose that you are considering raising the price of coca-cola. What factors would you want to…

A: Substitute goods are those goods which help the consumers in satisfying the same type of wants.…

Q: The information below applies to a competitive firm that sells its output for $44.00 per unit. •…

A: In a competitive equilibrium, Price=Marginal Revenue. MR=44   Now, we calculate Marginal Cost When…

Q: Consumers eating higher food costs The price of milk rese about 21% from July 2006 to July 2007 At…

A: Given:- Increase in price milk= 21% A rise in gasoline prices would raise demand for ethanol. Corn…

Q: What is the impact of CREATE Law in Urban and Regional Development in the Philippines?

A: Create Law: It helps to reduce the taxation level and thus helps to store more taxation saving money…

Q: Р 1-p Kicker Goalie Left Right Left 0,1 1,0 -q Right 1,0 0,1 t are p and q in a mixed-strategy…

A: The probabilities are assigned to the each strategies of each players in the mixed strategy…

Q: Suppose the demand for oil is P=146Q-0.20. There are two oil producers who do not cooperate.…

A: given that, demand for oil is P=146Q-0.20 oil costs $7 per barrel also two oil producers are not…

Q: 1. If the price of a good increases while the quantity of the good exchanged on markets decreases,…

A: Demand simply refers to a customer's eagerness to buy goods and services and pay the price. Simply…

Q: 1) The data of unemployment is given below: - Employed population is 42.5million -…

A: "Unemployment means people who do not have work or are out of work but actively seeking for work.…

Q: (1) Which of the following is an example of what growth economics calls institutions? a. private…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: QUESTION 7 Assume that the oil extraction company needs to extract Q units of oil (a depletable…

A: Given, P=27-0.5QMC=$3Discount rate= 2%

Q: Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a…

A: GDP is the gross domestic product of any country which is the sum total of all the values of final…

Q: (d) Solve for the equilibrium outputs (996). (e) Solve for the equilibrium price. (f) Solve for firm…

A:

Q: Refer to Figure 13-7. This firm experiences disecono mies of scale at what output levels? Figure…

A: Average total cost is the ratio of the total cost and total quantity i.e   Average total cost =…

Q: A perfectly competitive firm maximizes its economic profit when it produces the quantity that sets…

A: A Perfect Competition is considered as that type of the market structure operating in the economy…

Q: What are the factors that encourage people to migrate from one place to another place?

A: When talking about migration, it is the situation from one place when people move from one place to…

Q: Does migration cause poverty? Explain.

A: In economics, migration refers to the situation when people move from one country to another country…

Q: What is the relationship between class, different types of capital, and mobility??

A: The movement of people or groups in social positions over time is referred to as social mobility.…

Q: Teduie Construction made an investment in a machine that is used for road construction two years…

A: Economic service:The period of use able life that minimizes an asset's equivalent annual cost is…

Q: What is the term business cycle. Please explain it little bit.

A: Business cycles are periods of economic boom followed by periods of economic contraction.They have…

Q: The yen has been depreciating relative to the U.S. dollar in recent weeks due to which of the…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Suppose the inverse demand curve on ore is given by P = X - 0.47 Q. Ore can be either mined or…

A: The marginal cost of production basically refers to a concept in economics that refers to the change…

Q: 1) There are 100 individuals where 80 of them are poor and builds the public, and 20 are rich elites…

A: Governments levy income taxes on enterprises and persons operating within their jurisdiction. Income…

Q: Explain the theory of comparative advantage using an example, and describe five (5) assumptions.

A: comparative advantage alludes to the capacity of a country to create specific labor and products at…

Q: Question 32 10 3.5 a ATC AVC 1 2 3 4 5 6 7 8 Quantity Refer to the above figure. If the price is $4…

A: As per the guidelines answer is given to the first question: Question 32. "A firm maximizes profits…

Q: 5. (b) Consider the two-person, two goods economy given by: W₁ = (1/2, 1/2) U₁ = 2X11 + X12, U2=X21…

A: Given information U1=2X11+X12 U2=X21+2X22 Endowment W1=(1/2,1/2)

Q: In an infinitely repeated Prisoner's Dilemma, a version of what is known as a "tit for tat" strategy…

A: Given, An Infinitely repeated Prisoner's Dilemma A tit-for-tat strategy gameTwo Players : Player1…

Q: The government wants to enact tax legislation aimed at reducing increasing discharge levels of…

A:

Q: Consider the following table:   Consumer Goods Non Consumer Goods Year Production price Production…

A:

Q: . Let the base year used for calculating CPI be 2010. . CPI in 2019 equals 127. What nominal amount…

A:

Q: lists of concepts we learned: Describe economics and the economic way of thinking. Identify the…

A: 1. The economic perspective is the study of how individuals generate, acquire, and distribute…

Q: The Data of unemployment is given Below: * Unemployment popculation is 5.5 million * Participation…

A:

Q: K Demand: P=10-Q Marginal Revenue: MR = 10 - 20 Total Cost: TC = 3+Q+0.5Q² Marginal Cost: MC = 1 + Q…

A: "A monopolist is a single seller and is a price maker. A monopolist firm can dictate the market and…

Q: Costs and Profit Maximization Under Competition: End of Chapter Problem a. Use the variable cost…

A: Total cost is the sum of Fixed and variable cost. Fixed cost is the cost that remains same at all…

Q: what is duverger's law and how dose it help to explain the two-party system in the us?

A: Maurice Duverger, a French sociologist, is widely credited with discovering and documenting this…

Q: a. Suppose 24 firms are in this industry. What is the equation for market supply? QS =

A: Individual firm's supply:qS=0.5+0.1⁢P Market supply with n firms: QS=n×qS=0.5⁢n+0.1⁢n⁢P

Q: Explain Principles of Priority in concept of Islamic Economics.

A: Economics is the study of the scarcity of resources. It means the resources are limited and our…