Ouroboros’ total cost (TC) as a function of its production level q is given by the equation below: TC(q) = 2?² − 12,000q + 30,000,000 a. How much is the fixed cost of production for Ouroboros?  b. If q=5,000, how much is the total cost for Ouroboros?  c. Evaluate the marginal cost for Ouroboros when q=3,000.

Q: What is import substitution policy and how does the Prebisch-Singer hypothesis justify its use?

A: The import substitution strategy is recommended for the developing countries.  Developing countries…

Q: a sad 000E2S pag 000's spas pu do 00525 sed weal sad 005 sagar an eat ad o009 wag sa panga000$ maand…

A: An economic profit or loss is the difference between the revenue received from the sale of an output…

Q: Explain how a tax or subsidy might be used to “correct” for the inefficiency of a market equilibrium…

A: Some externalities are bad; for instance, if a company chooses to raise profits and minimise costs…

Q: Mark, a U.S. citizen, buys stock in a British Shipping company.  In macroeconomics language, this…

A: Exchange rates of a currency can be fixed or floating. Fixed exchange rate is computed by the…

Q: 2 Suppose a firm's production function is f(x₁x₂) = x1/4x2/4, the price for output is p; and the…

A: In this question:- Production function is fx1,x2=q=x114x214 Here the price of the output is p the…

Q: Real GDP C 177 170 163 142 250 240 230 200 100 I 54 54 54 54 72 54 The above table shows the real…

A: Equilibrium aggregate expenditure is occur when the Real GDP is equals to Aggregate expenditure so…

Q: 7. What is the average total cost function and the MC function? 100 a. ATC= +60³; MC = 80 b. ATC=…

A: Given; Production function; F(L,K)=L1/4K1/2 Wages; w= 2 Rent; r= 4

Q: A well-functioning financial system does all of these EXCEPT: a. foster economic growth by…

A: The objective of the financial system is to manage the availability of funds in the market. This not…

Q: Which of the following statements regarding the discount rate is correct? a. The private discount…

A: Discount rates are used to put a present value on costs and benefits that will occur at a later…

Q: A firm is currently producing such that: MPL = 30 W = 10 MPK = 20 To minimize the cost of…

A: Marginal productivity of capital is when an additional unit of capital is engaged in this scenario,…

Q: Fill in the blanks: The owner of a firm expects to make a profit of Php200,000.00 for each of the…

A: The measure that depicts the current stream of income being discounted at a specified rate of return…

Q: John got a deal to lend $60,000 today and in return, he will receive twenty-five annual payments of…

A: An ordinary annuity is a point at which an instalment is made toward the finish of a period. An…

Q: Suppose that a firm begins at time t = 0 with a capital stock of K(0) = 500,000 pesos and, in…

A: Firm beings at t = 0 Capital Stock; K(0) = 500,000 pesos Investment rate; I(t) = 600t2 Investment…

Q: As a country accumulates additional units of capial stock it will experience ever decreasing gains…

A: Liquidity trap: It is a situation of very low interest rate, which makes people indifferent between…

Q: We often use the SRAS/AD model to describe which of the following?     short run economic…

A: SRAS/AD model comprises of a downward slanting aggregate demand curve "AD" and an upward inclining…

Q: The American Pharmaceutical Company (APC) has a policy that all capital investments must have a…

A: Discounted payback period:-                                        DPBP=Year before the discounted…

Q: From our discussion of interest rate frameworks, we can guess that the demand for liquidity is…

A: Liquidity refers to the flow of money into the economy which increased when the banks lower the rate…

Q: 3. Consider the Solow growth model with the production function, Y = F (K, L) = Ã × K + B x L where…

A:

Q: Two methods can be used to produce expansion anchors. Method A costs $90,000 initially and will have…

A: Present worth analysis is a method which compare the cash flow of each alternatives and compare…

Q: Price Level P3 P₂ P₁ Y₁ LRAS Y₂ Y₂ SRAS₂ AD₁ SRAS₁ AD₂ Quantity of Output Starting from P2 & Y3…

A: Short run aggregate supply curve shows a positive relationship between price level and real GDP.

Q: Consider two types of cars: 1) Performance cars, which emphasize good performance (good mileage,…

A: Demand curve shows an inverse relationship between price and quantity demanded. It has a negative…

Q: ify the following statement as true or false. Justify the answer. The justification is more…

A: Utility function shows the functional relationship between the consumption goods and utility.

Q: You are managing a restaurant establishment earning net of Php800,000.00 per year decides to open…

A: Introduction The expenditure incurred on these inputs is called cost of production. Opportunity cost…

Q: 2. Bangladesh Production The following production possibilities table data represent the amount of…

A: Given production possibilities schedules   Points/options T-shirts Shorts A 80,000 0 B 60,000…

Q: A tariffs; Select one: is a government policy that inhibits trade with methods that are not as…

A: Tariffs are levied on imported goods as taxes or duties (customs duties). The objectives are to…

Q: 3. In the upcoming year, the income from your current job will be $50,000. There is a 0.5 chance…

A: Under several scenarios, the lottery winner would receive an erratic income. The person would make…

Q: What is GDP

A: GDP stands for the Gross national product which will be explained below:

Q: Economics Mario's Pizza and Bella's Pizza are in tacit collusion to cooperate and each charge a high…

A: In economics game theory usually refers to the study of strategy that falls under probability…

Q: Q40 If the unemployment rate in 2019 was 5% and was 6% in 2020. The Philips curve function is in the…

A: The Philips curve establishes the inverse relationship between the inflation rate and the…

Q: Which one does not belong to the externalities contributed by oil? a. Emissions that pollute the…

A: Externality is referred to as a cost or benefit imposed on the third party which is not involved in…

Q: Which of the following statements regarding the Hotelling rent is current? a. It reflects the…

A: Introduction Hotelling rule, posits that owners of non renewable resources will only produce basic…

Q: A coffee maker set is offered for sale for P15000 down payment and P1500 every 3 month for the…

A: Given, Down payment (DP) = P15,000 Remaining payment (P)- P1 500 every 3 months for the balance for…

Q: The primary disadvantage of the multidomestic strategy and worldwide geographic area structure…

A: The approach that maximises the local reactions is called a multi domestic strategy. In a…

Q: Inflation reduces the buying power of money. True False When prices are increasing at a rate of 6…

A: Inflation refers to rising the general prices of products and services, for example, an increase in…

Q: rve Game g art Long 0,1 1,0 Player 2 Short 1,0 0,1 to the figure above. The one-period Nash equil…

A: A game is an abstract representation of a tactical situation in which players must make tactical…

Q: As the domestic price level falls domestic citizens will import less and direct spending to…

A: Aggregate demand is negatively sloped showing inverse relationship between price and quantity of…

Q: When the money market is drawn with the value of money on the vertical axis, an increase in the…

A: The money market is a financial market where institutions and dealers can trade open-ended funds and…

Q: A computer hardware firm sells both laptop computers and printers. Through the magic of focus…

A: The measure that depicts various quantities of goods and services being demanded at various levels…

Q: 1) Consider a country in which three goods (A, B, and C) are produced. The following table shows…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: Q4. Ms. İpek wants to make auto insurance for her car worth 250,000 TL. Historical data shows that…

A: Given  Ms. Ipek's car is worth (W) =250,000 The probability to have accident of 50,000 in a year is…

Q: Economics = e) Economic profit = (18,400 – 11,499)/0.97 = £7,114He should enter the business since…

A: The difference between the income obtained from the sale of a product and the costs of the inputs…

Q: "Using the example of driving a car, explain moral hazard"

A: Moral Hazard is a situation in which one party takes the risk easily and the other party pays for…

Q: For the production function Q(K, L)= K0.25 0.75 the marginal product of labor is: 0.25K- OK.25 -0.25…

A: The marginal product refers to the change in the total product when one additional unit of variable…

Q: A hypothetical economy exports 100 units worth of goods and services and imports 65 units worth of…

A: Export are domestic goods and services which are purchased by foreigners Import are foreign goods…

Q: If the price of jet fuel rises, the supply of jet fuel decreases. O supply of jet fuel increases. O…

A: When the quantity supplied of the good changes at the same price due to changes in another supply…

Q: The people of China now enjoy a socialist market economy rather than pure communism. What must the…

A: Economic Freedom Every person has the fundamental right to govern their own employment and property,…

Q: J 7 Suppose SF, Inc. is a monopoly on all SF monogrammed memorabilia. The demand curve the store…

A: Formulas:- Total revenue:-                    TR=P×Q Marginal revenue:-                    MR=dTRdQ…

Q: Everything U Want Stores is trying to decide whether to keep or drop the hardware department in its…

A: Sunk cost refers to the cost which once incurred can not be recovered. The opportunity cost is…

Q: What is produce.?

A: Let's think about the first issue: which goods should be produced, and in what quantities? Producing…

Q: Suppose the Economics Department has a graduation party for its students but as a final test they…

A: The Pareto set, also known as the contract curve, is a group of points that reflects possible final…