Q: Question- A firm is considering an investment that will earn a 6% rate of return. If it were to…
A: A firm is considering an investment that will earn 6% rate of return.Suppose firm decided to invest…
Q: QUESTION 18 You produce two outputs: school-related output änd other output. Everything fits into…
A: The Production Possibilities Frontier (PPF) is a diagram that shows every one of the various mixes…
Q: 1. Provide your constructive thoughts on the following: " Greater production is not tantamount to…
A: In the field of economics, it is always assumed that firms work's towards maximizing their profits.…
Q: uppose it is October 1. You have paid $15,000 in tuition and have been attending college classes. …
A: Sunk cost refers the cost that made earlier and it is not possible to recover it. The sunk cost…
Q: What is an internal cost of driving a domestic car? a. Health costs b. Highway accidents c.…
A: Internal cost is the direct monetized cost. That is, it is the cost that a business based its price…
Q: 1.examine the gap between rural and urban areas across the globe. how is that gap affected by…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Question 13 For what kind of society does a shift away from the production of capital goods and…
A: Consumer goods are those goods that are produced for the consumption of average consumers. For…
Q: Electric vehicles are being promoted by governments and automakers worldwide as a critical…
A: Sustainable development is a philosophy that aims to achieve human development goals while also…
Q: 8. In 1990 real GDP per capita in the US was $40000. In 2004 real GDP per capita was $80000. What…
A: Real GDP per capita: - it is inflation-adjusted per person output or real output per person of an…
Q: Each worker gets equal pay. Fill in Average Product and Marginal Product. At what input level will…
A: Average product is the output produced by each unit of worker and marginal product is the additional…
Q: 1. State the three stages of production?
A: Production is process through which the inputs are converted into the output. Production is divided…
Q: Consider a situation in which an economic downturn reduces the demand for the output that an…
A: Economic downturn also known as recessionary period where production level decreases due to low…
Q: 2. What are the main sources of new-product ideas? (from Chapter 9)
A: Main sources of new product ideas are as follows 1)Company employees They provide new innovative…
Q: How much time do people in the oilfields work and how much time do they have on vacations (oilfields…
A: Anyone who has ever worked knows that no job is perfect; however, the advantages and disadvantages…
Q: 1. Explain the relationship between the terms in each of these pairs: c. factors of production…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Question 2 · Thanh decided to go to university. If Thanh goes to college, he will spend $80,000 on…
A: Given; Thanh's tuition fees= $80000 Rental room cost= $15000 Cost of books= $4000 If he hadn't gone…
Q: MARGINAL ANALYSIS. This example problem goes over the degree of comfort experienced at different…
A: As the wants and desires of the individuals in the economy are unlimited, but the resources…
Q: Discuss a business’ ability to integrate new technology into its processes and procedures. a)…
A: Business ability to integrate new technology into its processes and procedures. To guarantee that…
Q: Solve the attachment
A: Factors of production are the inputs used by the firms to produce goods and services. These include…
Q: 7. What are the four factors of production? Thanks
A: Factors of production: - factors of production are the resources used to produce goods and services.…
Q: 57. The three broad types of productive resources are A. O Money, profit and interest B. O Capital,…
A: To find : What are three types of productive resources.
Q: Which economics studies the behavior of economic units, the interaction of consumers and firms
A: Definitions of all the options given above are: A) International Economics - It is the branch of…
Q: 3. a) How would economic contraction brought about by Covid - 19 slowdown be represented using…
A: The production possibility curve (PPC) is a graphical representation that shows possible…
Q: 9. Which statement is true about Science? (Choose 3) * I Science is a skill which is used to create…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: 51. Which cost increases continuously with the increase in production?
A: To find : Which cost increases continuously with the increase in production.
Q: Is it possible to increase the labor productivity (output per unit of labor) in a given production…
A: Law of diminishing returns postulates that as more units of a variable input are used with a fixed…
Q: 1. The value input is the total revenues received by the entrepreneur while the value of output is…
A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…
Q: Question 2 Your uncle is thinking about opening a hardware store. He estimates that it would…
A: Given: The cost of rent and buying stock = Rs.5,000,000 per year Salary of current job = Rs500,000…
Q: Which of the following statements about the use of resources is not one of the key questions in…
A: The basic economic question is what to produce, how to produce and for whom to producer. These…
Q: 1. Suppose Worker A and Worker B produce knives and forks. Worker A has to work for 2 hours to…
A: The following problem has been solved as follows:
Q: 12) Referring to question # 1, what is the Marginal Cost to produce 1 more unit?
A: 12. The cost of production is the summation of all the costs incurred while producing the commodity…
Q: 6. Which of the following is NOT a characteristic of a good research question? OA A. It is worth…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: 4- Decisions for Tomorrow Suppose the hourly wage rate is $24 in the United States and $3 in China,…
A: The unit of labour cost can be determined by dividing the wage of labourers by productivity.…
Q: What other business disciplines are related to Managerial Economics?
A: The field of economics which leads to decision making and leads to the bridging of gaps between…
Q: Question 4 How many metric tons of berries would Greeh Berries Farm produce in order to Maximize…
A: Green Garden Berry farms (quantity) Quantity of farmworkers TVC TFC TC MC 1 3 45 20 65 - 2 5 75…
Q: Question 1: Specific Factors Model Let assume, you live in an economy where two goods are being…
A: The specific factor model was created to assess the real-world phenomena of some production…
Q: what is agricultural economics?
A: Agriculture positively is among the most conspicuous areas of any economy. Agricultural economics…
Q: decision making to those in
A: Business decision making depends on the rule that individuals settle on judicious decisions with the…
Q: urial idea and opportunity? how are good ideas generated and what is the role of passion in…
A: A change that tends to entail risk generally beyond what is being encountered in starting a business…
Q: 1. True or False: explain why your answer is true or false a. We can expect the average cost curve…
A: The average cost of production is calculated by dividing the total cost (TC) by the total output…
Q: Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the…
A: Circular flow of income (two sector model) The circular flow theory is an essential concept that…
Q: Farmer can produce in 24 hours: either 4 pounds meat or 6 pounds potatpoes. What's the combination…
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: What is the importance of Economics in decision making to those in business sector? Explain briefly
A: In economics, decisions are taken at margins by considering the cost-benefit analysis. In business,…
Q: Economics Question Suppose , unfortunately , your mathematics and economics professors have decided…
A: The resources available to each economy are limited, but human desires are limitless. An economy's…
Q: . What are the ways in which the chocolate industry can help in the socioeconomic development of…
A: There are many products that are produced in West Africa, Cocoa is one of the important products…
Q: The world’s most innovative companies have largely created structures that remove structural…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential…
A: Accounting profit = Total revenue - [Explicit costs ] Economic profit = Total revenue - [Explicit…
How do personal issues affect an entrepreneur's business?(please short answer)
Step by step
Solved in 2 steps
- PLEASE ANSWER IT CORRECTLY. SUBJECT: ENTREPRENEURSHHIP answer it in 1hr.(Choose the correct answer and briefly explain)(I am trying to find the simplest way to solve the question if Im using a cas calculator) (Formulas and notes I can put on my calculator are helpful) An apple grower finds that if he plants 80 trees per acre, each tree will yield 26 bushels of fruit. He estimates that for each additional tree planted per acre, the yield of each tree will decrease by 4 bushels. Given a price of $1.00 per bushel, find the maximum revenue and how many trees should he plant per acre to maximize her harvest? 36 trees per acre, maximum revenue of $7,480 37 trees per acre, maximum revenue of $7,482 43 trees per acre, maximum revenue of $7,482 44 trees per acre, maximum revenue of $7,480
- 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…Problem 01-03 (algo, with video solution) To earn extra money in the summer, you grow tomatoes and sell them at a local farmers' market for $0.15 per pound. By adding compost to your garden, you can increase your yield as shown in the accompanying table. Instructions: Determine the number of additional pounds of tomatoes you are able to grow by using each additional pound of compost. Then compute the additional revenue for marginal benefit) from each additional pound of compost. Enter your responses in the table below, rounding the marginal benefit of each pound of compost to the nearest penny (two decimal places). Pounds of compost 0 1 2 3 4 5 Pounds of tomatoes 100 6 120 125 128 130 131 131.5 Additional pounds of tomatoes 20 5 3 2 Additional revenue (or marginal benefit) $ $ $ $ $ $ 0.5 If compost costs $0.50 per pound and your goal is to make as much profit as possible, how many pounds of compost should you add? Instructions: Enter your answer as a whole number You should add]…What is the biggest mistake when starting up a new business and why?(please short answer)
- (MANAGERIAL ECONOMICS) Show algebraic solution please Assume that B = -Q 2 + 4,500Q and C= 2Q 2 are the benefits and costs of increasing the units of X-brand energy drink (in a 500 ml bottle). B. What is the profit-maximizing value of Q? Solve the problem using a tabular solution, showing the Profit, MB, MC and MNB values; assume Q varies by 50 units (in 500ml bottle). Highlight the profit maximizing level.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?Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Q = 100 1 2 3 78°F Sunny 440 620 800 F2 Q = 200 F3 280 380 480 O Average Total Cost (Dollars per bike) Q = 300 Q = 400 240 240 320 F4 320 240 240 Suppose Ike's Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is $ F5 Q = 500 480 Suppose Ike's Bikes is expecting to produce 100 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using On the following graph, plot the three SRATC curves for Ike's Bikes from the previous table. Specifically, use the…
- My Akron Experience - The UniveX DEL Homework (Ch 14): Do Your Hon x со ouTube y ? CENGAGE MINDTAP Gmail Netflix Homework (Ch 14) PRICE (Dollars per extra-large truck) Esc ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-598281185943573732951246318&elSBN=9780357133606&id=16964735218sm Solitaire - Online &... a Hello, Kristin Accou... 500 450 400 350 Demand 300 62"F Mostly cloudy 250 200 150. 100 50 F1 0 0 1 Ø Arcade Spot Solitaire - Online &... 2 8 3 4 5 6 7 QUANTITY (Hundreds of extra-large trucks) F2 Supply Suppose that Zoomba is one of over a dozen competitive firms in the Eugene area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curyes, the price Zoomba must take as given is F3 F4 30+ MindTap-Cengage Learning X CSuppose that Sendit is one of ove X 9 10 F5 ‒‒ - Microsoft Solitaire... Grammarly O Search + r 0 Chicken Taco2 You run a business selling used hand tools. The rent on your building is $1400/month. Utilities average $600 month. Your average cost to buy your used hand tools from a wholesaler is $9.5/tool. You spend S0.50/tool to package and individually price them. You have two employees in your store during the opening hours that sell the tools. Each employee gets a salary of $12/hour. Your store is open 10 hours/day, every day of the week. Over the course of a year, this averages out to 30 days'month. The average selling price for a used tool is $22. How many tools per month must be sold to make $4000 profit each month.What is a production technology?