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USE FIGURE #1:
New technology for producing plywood is developing. Which of the figures above best illustrates this change?
Group of answer choices
Figure A
Figure A and Figure D
Figure B
Figure D
Figure C
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- 6. Elasticity and total revenue I The following graph shows the daily demand curve for bippitybops in Vancouver. On the following graph, use the green rectangle (triangle symbols) to shade the area representing total revenue at various prices along the demand curve. Notice that when you click on the rectangle, the area is displayed. Note: You will not be scored on any changes made to this graph. PRICE (Dollars per bippitybop) 240 220 200 180 160 140 120 100 80 60 40 20 0 0 6 12 ** + 48 B 18 24 30 36 QUANTITY (Bippitybops per day) Demand 54 80 72 Total Revenue ?Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. What is the value of M? a. $50 b. $140 c. $360 d. $410estion 6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The ot yet base year is 2009. nswered Prices and Quantities Marked out of 1.00 Year Price of Quantity of Price of Quantity of P Flag question Waffles Waffles Pancakes Pancakes 2008 $2.00 100 $1.00 100 2009 $2.00 120 $2.00 2010 $2.00 150 $3.00 200 2011 $4.00 180 $3.00 220 %. From 2010 - 2011, this country's output grew Select one: O a. 12.5 O b. 155.6 Oc. 14.3 O d. 48.1 Next page 26°C Mostly cloudy Previous page 2 Type here to search 150
- (a) The table below lists the per pound prices of meat and potatoes for the months of January, February, and March. Assume that the typical consumer buys 24 pounds of meat and 16 pounds of potatoes each month, and that January is the base period. Table 1 Month Price of Meat Price of Potatoes January February March $3.50 $1.50 $0.60 $1.40 $3.38 $4.00 (i) Calculate the cost of a basket of goods for each month. (ii) Calculate the consumer price index for February and March.Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. Fill in ALL THE VALUES FROM A to R in the table.The following table shows the demand and supply of tickets of a football game which will be held at Shah Alam Stadium. Unit Price (RM) Market Demand (units) Market Supply (units) 20 5000 3500 40 4000 3500 60 3000 3500 80 2000 3500 100 1000 3500 a) On your foolscap paper, draw the demand and supply curves. Label all axes, all curves and the equilibrium point. (6m) b) How much is the equilibrium price and equilibrium quantity? (2m) c) At which price will there be a surplus of 2500 tickets? (1m) d) What will happen when the market price is RM40? Show your answer on the same diagram. (3m) e) Why is the supply of tickets fixed at 3500? (1m)
- What refers to the amount of the satisfaction derived from the consumption of the commodity Help•••QUESTION 20 1.00- mand 130 200 Quantity Refer to the diagram. What is the highest price that buyers will be willing and able to pay for 100 units of this product is: For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph 14px A v ... Arial O WORDS POWER Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELLA D1 Quantity (per day) Suppose the demand curve shifts to the right and the supply curve shifts to the Right by more than the demand curve. The new demand curve will be upward sloping v and the new supply curve will be downward sloping v
- Price 8 7 6 5 4 3 2 1 110 220 330 440 550 660 Quantity per month 770 880 D -(935, 0.5 990 Tools D₂ 2 S2 с Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110. a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area.Suppose, suddenly the supply of mutton decreases due to unknown goat diseases.What would happen to the market of salad items? Would this event affect chutneymarket? Because of this decreased supply of mutton what would happen to the market ofKachchi biryanis, Morog Polaw, and chicken biryanis? Explain (in details) with relevantdiagrams/graphs2. The relationship between price and demand per month for a consumer product is p = 3500 -1.1D5 where p is the price per unit in dollars and D is the demand in units. The fixed cost is $300 per month and the variable cost is $4.00 per unit. What is the optimal number of units that should be produced and sold per month? a. b. What is the maximum profit per month?