qm2-all-tutorial-answers-organized-by-week

Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost each month for various levels of production if it uses one, two, or three factories. (Note: Qequals the total quantity of bikes produced by all factories.) Number of Factories Q = 100 440 1 2 3 580 720 Q = 200 320 400 480 Average Total Cost (Dollars per bike) Q = 300 Q = 400 240 320 240 320 240 240 Q = 500 480 400 320 Q = 600 720 580 440 Suppose Ike's Bikes is currently producing 600 bikes per month in its only factory. Its short-run average total cost is per bike. Suppose Ike's Bikes is expecting to produce 600 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using

ework (Ch 09) 4.00 3.50 Monopoly Outcome 3.00 ATC 2.50 Profit 2.00 1.50 Loss MC 1.00 K 0.50 D 2.0 QUANTITY OF OUTPUT (Thousands of cans of beer) 0.5 1.0 1.5 2.5 3.0 35 4.0 Suppose that BYOB charges $2.75 per can. Your friend Musashi says that since BYOB is a monopoly with market power, it should charge a higher p of $3.00 per can because this will increase BYOB's profit. Complete the following table to determine whether Musashi is correct. If BYOB is suffering a loss, enter a negative value for profit. Price (Dollarc nor can) Quantity Demanded Total Revenue Total Cost Profit nollare) nallare) IDallare-1 17 + ho. 144 DII DDI & * 5. 6. 7. 8. ba R PRICE AND COST PER UNIT (Dollars per can)

NOMETRICS I| / My courses / Faculty Of Economics & Administrative Sciences / ECON309 / Finals/ ECON 309 Final Exam Assignm 15. Interpreting the intercept in a sample regression function is Oa. reasonable because under certain conditions the estimator is BLUE. of Ob. reasonalble if your sample contains values of Xi around the origin. tion Oc not reasonable because economists are interested in the effect of a change in X on the change in Y. d. not reasonable because you never observe values of the explanatory variables around the origin. Next page

This is not the same problem, I need help with the problem i submitted

Southeast Asia’s online shopping boom is here to stay, even after the pandemic Southeast Asian shoppers will likely continue buying groceries and other essential items online — even after the coronavirus pandemic ends, according to research from consultancy Bain & Company and Facebook. A new report from the two firms said e-commerce and other digital trends across the region were accelerated by the Covid-19 outbreak — the disease that has infected more than 7 million people worldwide. “Some of these trends are here to stay,” Praneeth Yendamuri, a partner with Bain & Company based in Singapore.“One of the trends we identified was essential online shopping, and that’s here to stay,” he told CNBC’s “Street Signs” on Tuesday. He explained that online groceries are a massive category that is relatively underpenetrated due to logistics and other reasons. But the sector grew nearly three times during the outbreak in Southeast Asia, and one in three users who were surveyed said they…

For a certain company, the cost for producing x items is 60x + 300 and the revenue for selling x items is 100x – 0.5x². - The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling x items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratio polynomial.) Part b: Find two values of x that will create a profit of $300. The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or x + 1; x – 1). The order of the list does not matter. To enter va, type sqrt(a). x = Part c: Is it possible for the company to make a profit of $15,000?

Session 2 Questions 44 and 45 are open-response questions. ws BE SURE TO ANSWERAND LABEL ALL PARTS OF EACH QUESTION. Show all your work (diagrams, tables, or computations) in your Student Answer Booklet. If you do the work in your bhead, explain in writing how you did the work. Write your answer to question 44 in the space provided in vour Student Answer Booklet. The graph below shows the birth rate and the death rate of a mouse population ovet a three-year period. The immigration rate and the emigration rate of the population are equal. 44 Birth Rate and Death Rate of a Mouse Population Year 3 Year 2 Year 1 Time Key Death rate Birth rate a. Describe what happens to the size of the population for each year shown on the graph. Explain your answers. b. Identify three factors that could affect the death rate of the mouse population, and explain why each factor affects the death rate. 100 rient. Birth and Death Rates

I need help finding part B of the problem, thanks

A local entrepreneur has built a successful business which is still growing. He is aware that the increase scale operation has a number of cost advantages but it is finding the administration of organization increasing difficult. He asks you as a student of economics, with the help of diagram to explain the relative merits of expanding the size of business

|4GE 10:01 2.2 Modeling with Linear F... edfinity.com TAMU_QID: BM_00049 A company finds the total cost of producing 45 items is $9,450, while they can produce 85 items for a total cost of $13,250. They have a revenue of $7,150 when selling 65 items. Enter all answers below using exact numbers, and write any equations in slope-intercept form. a. Find the production cost per item: b. Find the company's linear profit function: P(x) = Submit answer

The graph below depicts the short-run cost curves for a typical fast-food restaurant in a mall. Due to COVID-19 government restrictions, the number of shoppers going to the mall fell. As a result, the demand for food at these restaurants fell, and the market price of a meal fell from $13 to $10 to $6. On the graph below, use the point tool to plot the restaurant's profit-maximization point at each price. Price 16 15 14 13 12 11 10 . . ATC Fast-Food Restaurant Meals O MC MB2 MRS

8:49 il LTE https://undergrad.unilus.app/pluginfile... O ... Combination 2 Combination 3 Country B Efficient Attainable Unattainable Inefficient Combination 1 K M N Combination 2 R Combination 3 T U (22 Marks) b) Which country has an absolute advantage in production of wine? Justify your answer with empirical evidence. (2 Marks) c) Which country has an absolute advantage in the production of clothes? Justify your answer with empirical evidence. (2 Marks) d) Which country has a comparative advantage in the production of wine? Justify your answer with empirical evidence. (4 Marks) e) Which country has a comparative advantage in the production of clothes? Justify your answer with empirical evidence. (4 Marks) f) If both countries specialize in the production of the item they are good at, draw the PPF for the condition where trade can take place. (6 Marks) (TOTAL: 40 MARKS)

Based on the topic in the picture, what are the key points there that you think are important to analyze as a decision-maker ?

Homework (Ch 09) * MindTap - Cengage Learning x + atic/nb/ui/evo/index.html?deploymentld=58830023220612202193347127562&elSBN=9781337622349&id=D908491136&snapshotld=19375308& CENGAGE MINDTAP Homework (Ch 09) Suppose Ginny gives haircuts on Saturdays to make extra money. She is the only person in town cutting hair on Saturdays and therefore has some market power. Assume that she does not incur fixed costs, and the only significant variable cost to Ginny is her time. As she gives more haircuts, Ginny must increasingly forgo other valuable Saturday activities. For example, if she gives one haircut, she forgoes reading the paper after breakfast. If she gives two haircuts, she gives up reading the paper and sleeping an extra half-hour. Ginny's clients are a varied group willing to pay between $16.00 and $28.00 for a haircut. Assume that Ginny cannot price discriminate, i.e., charge different clients different prices. If Ginny charges $28.00 per haircut, she will have one client per week; if…

Suppose the relationship between your study time and your grade on a History midterm is given by the following table:If you study for Your grade will be4 hours 805 hours 906 hours 93What is the "marginal grade improvement (MGI)" of the 5th hour of studying? What is the "marginal grade improvement (MGI)" of the 6th hour of studying? Why might the MGI be diminishing?

Suppose the relationship between your study time and your grade on a History midterm is given by the following table: If you study for Your grade will be 4 hours 80 5 hours 90 6 hours 93 a) What is the "marginal grade improvement (MGI)" of the 5th hour of studying? b) What is the "marginal grade improvement (MGI)" of the 6th hour of studying? c) Why might the MGI be diminishing?

Help completing the graph

Course: Introduction to Microeconomics1. Our students Francisca and Javier have a heated discussion about Axioms of Preference and Rational Consumer Choice, from which they raise questions and reflections regarding topics seen in class. You are asked to comment on each of these statements, justifying whether statement is true, false or uncertain. You should be supported by graphic analysis as appropriate.Statements that our students arrive at are as follows:(a) To have consistent ordering and represent convex indifference curves, only Axioms of order (Monotonicity) and Transitivity are needed.b) For a consumer to find equally preferred baskets from an initial basket, he must establish a substitution relationship between goods to stay on same indifference curve.c) Given consumer's income, the best he can do with respect to his consumption decision, is to find a situation where marginal utility per weight spent on good X is equal to marginal utility per weight spent on good Y.

The first two parts of the question have already been solved. But, here my question is: How many boats would you send if the price/fish=$30?

10:23 w 52.0 VPN KB/S LIED 448 B expert.chegg.com/qna/aut = Chegg Hide student question 2 > Time Left: 01:50:59 Student question i want a curve Skip Exit Submit = Training

Please do not give solution in image format thanku Joe’s Java has three different workstations: one for drip coffee, one for espresso drinks, and one to prepare food. During the morning rush, Joe has 5 people working: one person at the drip coffee station, two at the espresso station, and two at the food prep station. These employees are not cross trained, and thus must stay at their station. On average, it takes the person at the drip coffee station 1 minute to make the coffee. On average, it takes one person working at the espresso station 3 minutes to make one espresso drink. On average, it takes one person working at the food station 4.5 minutes to prepare the food for one customer. The customer mix is as follows. 10% order just a drip coffee, 30% order a drip coffee and food, 35% order just an espresso drink, and 25% order an espresso drink plus food. A total of 40 customers/ hour frequent Joe's Java. What is the implied utilization at the espresso station? Provide your answer in…

what does x*=i/5px mean in optimization and how to interpret it? does it have the expected traits of a demand curve

In recent years, the United States has experienced large increases in oil production due in large part to a new technology, hydraulic fracturing ("fracking"). Fracking involves injecting a mixture of water, sand, and chemicals into rock formations at high pressure to release oil and natural gas. An article in the Wall Street Journalindicates that economies of scale in fracking may be considerably smaller than in conventional oil drilling. If this view is correct, what would the likely consequences be for the number of firms drilling for oil in the United States?

Why would you rather use real variables in an economic analysis

Don't use ai i will report you answer solve it as soon as possible with proper explanation

i need help , i keep getting it woring and this is my last chance macroeconmics question 5

How will you explain the formal definition of econometric?

Consider the following scenario to understand the relationship between marginal and average values. Suppose Shen is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Shen's free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 8/10 8/10 80 80 6/10 14/20 3 1/5 15/25 4 3/5 18/30 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Shen's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Game Free-Throw Percentage 80 70 Average Free-Throw Percentage RCENTAGE