This firm's zero economic profit output is ? • This firm's profit maximising output will be ? Dollars/Unit d a 0 Show Transcribed Text 0-f. 0-g. 0-h. O-k. all of the above. none of the above. f 3 MR g Ċ h MC ATC Quantity D k
Q: . The Durbin-Watson (DW) test is applied to the following regression, Y = a + B₁X₁ + B₂X₂ + B3X3 + ε…
A: The DW test is used to detect the autocorrelation in the error term of model. The autocorrelation…
Q: 3. Assume that good x is on the horizontal axis and good y is on the vertical axis, and that…
A: Q3. Both statements I and II are true.
Q: What is the difference between the price of oil in the market for oil and the price of reserves in…
A: The price of oil in the market for oil refers to the current market price at which oil is bought and…
Q: Price Supply of Shrek Action Figures Supply A Check Current Supply Supply B Quantity Refer to the…
A: The supply of a commodity refers to the distribution of produced commodities in a market. The supply…
Q: Two farmers Anil and Bala are each deciding how to deal with pest insects that destroy the their…
A: Pareto efficiency is a situation when no one can be made better off without making at least one…
Q: 27 ces The marginal costs (MC), average variable costs (AVC), and average total costs (ATC) for a…
A: A perfectly competitive firm produces it's output where the price is equal to marginal cost (MC).…
Q: If the market price was $9.50, how many units should the perfectly competitive firm depicted below…
A: When marginal revenue and marginal cost are equal, or when MR = MC, a perfect competitive firm will…
Q: Which of the following represents the maximum amount the economy can produce while maintaing price…
A: Price stability refers to a situation in which the general price level in an economy remains…
Q: A production possibilities table for DVDs and computers is shown below. Type of Production A…
A: The value of the next best alternative that is foregone or sacrificed when making a decision or…
Q: 10. In the equation Y=C+I+G+ NX, a. Y represents the economy's total expenditure. b. C represents…
A: The term "economy" refers to the system that encompasses the production, distribution, and…
Q: The following graph shows the market for euros, which is initially in equilibrium. Suppose an…
A: When U.S. income increases, demand for goods and services will increase and thus demand for imports…
Q: price $16 $13 $11 12 A. For the monopolist: 1. Profit maximizing output= 2. Price => 3 Profit= B.…
A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…
Q: The manager of a hyperrmarket accidentally mismarked the price of 10-killo bag of rice at BD4.38…
A: Elasticity of demand refers to the percentage change in the quantity demanded of a product with…
Q: Explain the key trends in the evolution of cross-country income differencessince the 1820s. Use a…
A: The Solow growth model, also known as the neoclassical growth model, is a fundamental economic…
Q: With the aid of label diagrams explain the law of diminishing marginal returns
A: The law of diminishing marginal returns states that as the variable input is increased, the…
Q: Complete the following table by indicating whether an event will cause a movement along the demand…
A: Event Movement Along Shift Decrease in the income of consumers - YES Increase in the price…
Q: 4. Consider the following graph for the return to labor cultivating agricultural land. Return to…
A: The return to labor graph represents the relationship between the quantity of labor demanded and the…
Q: Two firms A and B manufacture video game consoles. Firm A's console is less tech- nologically…
A: Nash equilibrium is the point of a game corresponding to which each participant optimizes his…
Q: Consider a person with the following value function under prospect theory:…
A: Prospect theory is a behavioural economics theory that explains how people choose between options…
Q: Suppose the Canadian economy has only two commercial banks: Bank A and Bank B. The following table…
A: The total amount of monetary assets that are in circulation within an economy at a given time is…
Q: Net fx position -$75 billion. Inflation, budget deficit and unemployment are very high and growth…
A: The efficiency of monetary and fiscal policies under the current conditions depends on a number of…
Q: Our null hypothesis is that the true coefficient is zero. In which case would we choose to use a…
A: Null hypothesis is the hypothesis that is being test and alternative hypothesis is the null…
Q: Suppose we have the following consumer price index (CPI) data for a nation: Year CPI 2016 225.09…
A: A basket of goods and services average price changes over time are measured by the CPI. It is an…
Q: An account has a nominal interest rate of 12% (annually) and an effective interest rate of…
A: In this question, I determined the most likely compounding period for an account with a nominal…
Q: Assigned company Name: BAXTER INTERNATIONAL analyze strategy threats using Michael Porter’s Five…
A: Introduction Baxter International is an American multinational healthcare company with headquarters…
Q: Give the Efficient Component Pricing Rule (ECPR) rate of access to the incumbent's network.
A: Given: Marginal cost of the upstream network (c0)=0.3 Marginal cost of the retail service (cl)=0.25…
Q: Suppose your firm receives a $5.94 million order on the last day of the year. You fill the order…
A: The difference between sales revenue and the cost of products sold is known as gross profit. It…
Q: GIVE EXAMPLES ON DUAL TRACK
A: Two examples of Dual track policy are the world most populated countries namely India and China
Q: Market Value Ratios (LO3) Earl Grey Golf Corp. has 25,000 shares of common stock outstanding, and…
A: I will answer one by one all the ratios along with their formulas. I have given them in table…
Q: The impact of IFRS Adoption on capital structure: pre-post Analysis of listed Bank in Ethiopia.
A: The banking sector's sustainability plays an essential role in general economic prosperity. An…
Q: A graph showing the relationship between the price of a good and the amount of it that sellers are…
A: Supply curve is upward sloping showing positive relationship between price and quantity supplied.
Q: Which statement is definitely true about shelter in the above below? S/Week 100 5 10 12 14 25 e here…
A: Equilibrium occurs where the indifference curve is tangent to the budget line. This is because the…
Q: Instructions: Enter your answers as whole nu a. What is the value of exports? $ b. What is the value…
A: Exports refer to goods and services, or commodities produced within a country's Domestic border and…
Q: Give typing answer with explanation and conclusion Gross Domestic Gross Domestic Product (GDP) Per…
A: Gross Domestic Product is a globally used economic indicator that weigh the total value of all…
Q: Do the following production functions exhibit increasing, constant, or decreasing returns to scale…
A: Returns to scale refers to the relationship between changes in input levels and the resulting…
Q: Select between the two options using the corporate MARR of 15% per year and a future worth analysis…
A: In this question, a comparison is made between two options, D and E, using a future worth analysis…
Q: Suppose a perfectly competitive firm faces an inverse demand curve of P(Q)= 1515-1.4Q and has…
A: When the production or consumption of a thing or service imposes a cost on third parties who are not…
Q: Suppose the nominal interest rate on savings accounts is 11% per year, and both actual and expected…
A: Fisher Effect- It is a theory in economics that studies the relationship between interest rates…
Q: 3. The effect of negative externalities on the optimal quantity of consumption Consider the market…
A: Negative externalities refer to the costs or harmful effects that are imposed on third parties who…
Q: What is the Nash Equilibrium of this game?
A: In a decision-making scenario, two firms are evaluating the potential investment in a new technology…
Q: A country starts in steady state. Due to a lost war, the country has to give up territory containing…
A: In economics, the expression "steady state" alludes to a condition wherein key economic factors…
Q: Choose a product which you are familiar with. Using the internet for research (please cite your…
A: Price elasticity of demand measures how responsive or sensitive a product's quantity demanded is to…
Q: Please explain how the production possibility curve works in Economics need graph with…
A: A PPC shows all the combinations of two ‘goods’ which can be provided if all resources are being…
Q: Consider the market for ethanol in the United States depicted in the figure to the right. Assume the…
A: Consumer surplus is a concept in economics that measures the difference between what consumers are…
Q: 2. A ski resort faces daily demand given by p = a - Q, where a varies from day to day. Over a three-…
A: Dynamic pricing refers to a pricing strategy in which the price of a product or service is adjusted…
Q: By letting the GDP (gross domestic product) be the dependent variable (y), and the year (2002 -…
A: GDP acts as a crucial metric for measuring the size and strength of a country's economy. Economic…
Q: 7. Movements along versus shifts of supply curves Consider the market supply of tortillas. Complete…
A: Supply curve is an upward sloping curve showing direct relationship between price and quantity…
Q: (a) Derive the equilibrium in this economy without an intermediary bank. How much would people…
A: Solving all parts (a), (b), (c) and (d) stepwise below.
Q: Economies of scale and economies of scope are said to be directly related. Discuss whether this is…
A: Both economies of scale and scope play crucial roles in economics and have a significant impact on…
Q: 10. Which of the following best explains Adam Smith's proposition that a competitive market free of…
A: Adam Smith was the first to understand that specialisation and the division of labour were the main…
Typed plzzz and Asap
Thanks
Step by step
Solved in 3 steps
- Why does exit occur?How does fixed cost affect marginal cost? Why is this relationship important?A computer company produces affordable, easy-to-use home computer systems and has fixed costs of 250. The marginal cost of producing computers is 700 for the first computer, 250 for the second, 300 for the third, 350 for the fourth, 430 for the fifth, 450 for the sixth, and 500 for the seventh. Create a table that shows the companys output, total cost, marginal cost, average cost, variable cost, and average variable cost. At what price is the zero-profit point? At what price is the shutdown point? If the company sells the computers for 500, is it making a profit or a loss? How big is the profit or loss? Sketch a graph with AC, MC, and AVG curves to illustrate your answer and show the profit or loss. If the firm sells the computers for 300, is it making a profit or a loss? How big is the profit or loss? Sketch a graph with AC, MC, and AVG curves to illustrate your answer and show the profit or loss.
- What is the relationship between marginal product and marginal cost? (Hint: Look at the curves.) Why do you suppose that is? Is this relationship the same in the long run as in the short run?Return to Figure 7.7. What is the marginal gain in output from increasing the number of batters from 4 to 5 and from 5 to 6? Does it continue the pattern of diminishing marginal returns? Figure 7.7 How output Affects Total costsWhat is the difference between fixed costs and variable costs?
- A computer company produces affordable, easyto-use home computer systems and has fixed costs of$250. The marginal cost of producing computers is $700for the first computer, $250 for the second, $300 for thethird, $350 for the fourth, $400 for the fifth, $450 for thesixth, and $500 for the seventh.a. Create a table that shows the company’s output,total cost, marginal cost, average cost, variablecost, and average variable cost.b. At what price is the zero-profit point? At whatprice is the shutdown point?c. If the company sells the computers for $500, is itmaking a profit or a loss? How big is the profitor loss? Sketch a graph with AC, MC, and AVCcurves to illustrate your answer and show theprofit or loss.d. If the firm sells the computers for $300, is itmaking a profit or a loss? How big is the profitor loss? Sketch a graph with AC, MC, and AVCcurves to illustrate your answer and show theprofit or loss.Output TFC TVC TC MC ATC A 25 25 ---- -- ------- 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 2nd unit of output? Cannot be determined. 15 25 30 O O O OInterpret in below diagram and determine at what point the short rus firm will shut down their production and why? $300 190 MC ATC $74 100 P=$71 50 Cost and revenue 1 6 Output For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial 7 8 9 10pt AVC 10 MR =P > !!! V AV 2 I.
- Assume the firm can sell its product for $14 each. TR VC AVC TC ATC MC - $2000 100 $1400 $600 $2600 $26.00 $6.00 200 $2800 $5.00 $3000 $15.00 300 $1920 $6.40 $3920 $9.20 400 $5600 3280 $8.20 $13.20 $13.60 A. What are fixed costs? B. If the firm can sell its product for $14, a profit maximizing firm will sell units for a profit/loss/breakeven (circle one) of $a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. b. Calculate Economic profit and Accounting profit from the figures given below for ABC Company. Total revenue $ 500,000 Wages and salaries $ 40,0000 Forgone salary $ 80,000 Interest paid $ 10,000 Forgone rent $ 10,000 Raw materials $ 50,000 Other payments $ 20,000 Forgone interest $7000a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level.b. Calculate Economic profit and Accounting profit from the figures given below for ABC Company. • Total revenue $ 500,000• Wages and salaries $ 40,0000• Forgone salary $ 80,000• Interest paid $ 10,000• Forgone rent $ 10,000• Raw materials $ 50,000• Other payments $ 20,000• Forgone interest $ 7,000