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- Refer to the Data for Elght Phones Talk Time Overall Score (Hours) Brand Model Price ($) Volce Quallty AT&T CL84100 50 73 Excellent 7 AT&T TL92271 70 Very Good 06 Panasonic 4773B 100 78 Very Good 13 Panasonic 6592T 80 72 Very Good 13 Uniden D2997 35 70 Very Good 10 Uniden D1788 70 73 Very Good Vtech DS6521 70 72 Excellent 7. Vtech CS6649 60 72 Very Good 7. (a) What is the average price for the phones? (Round your answer to the nearest cent.) 2$ (b) What is the average talk time for the phones? hours (c) What percentage of the phones have a voice quality of very good? %Country 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. 25The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishesto know how to weave the various fabrics it will produce during the coming quarter. Thesales department has confirmed orders for each of the 15 fabrics produced by Calhoun.These demands are given in the following table. Also given in this table is the variablecost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 daysa week, and 24 hours a day.There are two types of looms: dobbie and regular. Dobbie looms can be used to makeall fabrics and are the only looms that can weave certain fabrics, such as plaids. The rateof production for each fabric on each type of loom is also given in the table. Note that ifthe production rate is zero, the fabric cannot be woven on that type of loom. Also, if afabric can be woven on each type of loom, then the production rates are equal. Calhounhas 90 regular looms and 15 dobbie looms. For this problem, assume the time requirementto change…
- One of South Africa’s cellphone operators, Cell C, is changing their overall business strategy.The focus is now on providing customers with “affordable and accessible services." To do thisthey need your economic expertise.They know that when price for premium services increases from R2/minute to R2.2/minute thedemand for their services falls from 12 customers to 10 customers. Question: What recommendations can you make to increase total revenue?/16 I tried this but failed can smoneone explain to meQUESTION 29 PRODUCT product X b) product Y product Z 153 1988 price: $2.00 2,000 O c) 1.2 O d) 150 O e) 200 quantity: price: $1.00 1,000 quantity: price: quantity: $5.00 1,000 1989 $4.00 2.500 $1.00 1,500 $4.00 1,000 YEAR 1990 $6.00 2.000 $1.00 2,500 29. Given the data in the above table, what is the price index for 1991, using 1988 as the base year and using the 1988 consumption pattern (market basket)? O a) 100 $2.00 1,000 1991 $8.00 1.500 $1.00 3,000 $3.00 1,000
- What is (are) the Nash equilibrium of this pricing game?(a) Fill in the table below. Instructions: Round your answers to the nearest whole number. Total Marginal Revenue Total Output Price ATC MC Revenue Cost 1 $19 $25 2 18 40 3. 17 50 4 16 58 15 65 6 14 74 7 13 87 (b) Draw a graph of the firm's demand, marginal revenue, marginal cost, and average total cost curves. Instructions: Use the graphing tools provided to plot the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves. Plot 7 points each for D, MR and ATC. Plot 6 points for MC.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 how2ree
- Amarks Profiles Tab Window Help b. W G iz/attempt.php?attempt=631086&cmid%3D55726&page=13 tempt ... 0:12:25 n 14 $6.00 $5.50 ed MC $5.00 $4.50 $4.00 $3.50 put of ATC AVC on P= MR $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 25 50 75 100 125 150 Output (Q) The diagram above shows a Perfectly Competitive firm in the short-run. This firm will minimize its loss by choosing the Output (Q)level: Select one: O a. 50 O b. 75 O c. 25 O d. 100 Next page evious page MacBook AirUNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $2ompleted 14 out of 20 stion 15 of 20 > A network good is one where the number of other users of the good. cost to the user rises if there is a large cost to the user falls if there is a small O benefit to the user falls if there is a large O benefit to the user rises if there is a large LAPTOP LOGIN acer USERNAME: student PASSWORD: Broward1