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- estions Pall22_Microecon_KM Join: 746518 Assigned 2 Gradebook o Handouts Sep 16, 11:59 PM Dashboard Que Sep 16, 11:59 PM < HW3 (Ch3 & 4) Homework Due in 2 days Unanswered B Melinda Lee Cantrell app.tophat.com Unanswered Ⓒ A company producing 1000 phone protection covers a week when the price was $4. Their covers become very popular pushing up the price to $8. The next month they are producing 4000 cases a week. With this information answer the following: HW3 13 Homework Unanswered Determine the elasticity of supply for this company. (2 decimal places is the default answer) Type your numeric answer and submit 10am Fall22_Microecon_KM - Assigned | Top Hat HW3 14 Homework Answered. 15/17 answered MacBook Pro Submit O Please type your answer to submit Submit 05 + 88 Becca v Open in Reading View PERFECCCCE how2reeThe following table shows a money demand schedule, which is the quantity of money demanded at various price levels (P). Fill in the Value of Money column in the following table. Quantity of Money Demanded Price Level (P) Value of Money (1/P) (Billions of dollars) 0.80 1.5 1.00 2.0 1.33 3.5 2.00 7.0 Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, the money the typical transaction requires, and the money people will wish to hold in the form of currency or demand deposits.What is wrong with the graph below? DOLLARS PER GALLON 3.415 3.410 3.405 3.40 3.395 3.390 3.385 3.380 3.375 US REGULAR ALL FORMULATIONS GAS PRICE FRED Economic Data, 12/2/21 November 22, 2021 DATE November 29, 2021 ?
- 4help plzPls help with this homworkECON 2100 OL HW14 Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout Share O Comments Garamond 11 v A^ A^ Аa v AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBbCcDdEe > Styles Pane Paste I U v ab x, x A Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle Emph... Sensitivity * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates 3. The table below shows the quantity demanded and supplied in the labor market for driving city buses in the town of Unionville, where all the bus drivers belong to a union. Quantity Of Workers Demanded Quantity of Workers Supplied Wage Per Hour $14 12,000 6,000 $16 10,000 7,000 $18 8,000 8,000 $20 6,000 9,000 $22 4,000 10,000 $24 2,000 11,000 a. What would the equilibrium wage and quantity be in this market if no union existed? b. Assume that the union has enough negotiating power to raise the wage to $4 per hour…
- ECON 2100 OL HW14 Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout Share O Comments Garamond 11 v A^ A^ Аa v AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBbCcDdEe > Styles Pane Paste I U v ab x, x A Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle Emph... Sensitivity * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates Econ 2100 HW 14 Chapter 14 1. The table below shows levels of employment (Labor), the marginal product at each of those levels, and the price at which the firm can sell output in the perfectly competitive market where it operates. Labor Marginal Product of Labor Price of the Product 1 10| $4 2 8 $4 3 7 $4 5 $4 3 $4 1 $4 a. What is the value of the marginal product at each level of labor? b. If the firm operates in a perfectly competitive labor market where the going market wage is $12, what is the firm's profit…(1) Diagrammatically show and explain how oil prices dropped as concerns over fuel demand in the near term in COVID-19 pandemic hit Europe and the United States.AutoSave fall 2017 chapter 9 - Compatibility Mode - Word P Search Sierra Jameson ff File Home Insert Draw Design Layout References Mailings Review View Help A Share P Comments X Cut - A A Aa v A O Find Palatino Linotype v 10 AaBbCcDd AaBbCcDd AaBbC AaBbCc AaBbC AaBbCcD AaBbCcDd LE Copy E Replace Paste BIU v ab x, x A - evAv 1 Normal 1 No Spac.. Heading 1 Heading 2 Subtle Em... Dictate Sensitivity Title Subtitle S Format Painter A Select v Clipboard Font Paragraph Styles Editing Voice Sensitivity MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Figure 15-2 Price and cost per unit P. MC ATC P3 ATC ATC, P2 P, Demand Q, Quantity MR Figure 15-2 above shows the demand and cost curves facing a monopolist. 2) Refer to Figure 15-2. To maximize profit, the firm will produce 2) A) Q1. B) Q2- C) Q3. D) Q4. 3) Refer to Figure 15-2. The firm's profit-maximizing price is 3) A) P1. B) P2. С) Рз. D) P4. 4) Refer to Figure 15-2. If the firm's average…
- 11. Which of the following is NOT a short-term concern about hydraulic fracturing (fracking)? A. Water contamination B. Decreased U.S. dependency on oil imports C. Water depletion D. Air qualityCountry 1 International market Country 2 s2 S2 P. 25 20 20 S1 15 15 15 s1 EIP EIP 10 IP 10 10 5 D2 d2 d1EQ D1 0369 1215182124 0 3 6 9 1215182124 O 0 3 69 1215182124Q 15. At a price of $8, country 1 will offer for export 9 units of this product. seek to import 9 units of this product. choose not to trade. increase supply. P. 25 20 P. 251. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredprofit: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a profit of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired profit. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000