6) Supposed Thailand GNI per capita for last year was 171,000 baht. If the current exchange rate is 30 baht -$1. a) What is the dollar equivalent of Thailand per capita b) Suppose Big Mac price in the US is $5 and Big Mac in Thailand is 60 baht, what is the per capita in $ using Purchasing Power Parity (PPP). c) When using PPP, is Thailand baht overvalued or undervalued, and by how much? (show calculation).

Total cost and output are $3000 and 60 respectively Calculate average cost

Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700   Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order?  At what quantity of bags will profits be maximized? A   Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B   Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C   Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D   Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.

Public policies in Malaysia.  Make sure answer should be long at least 750 word

Define the term the implicit "do-nothing" alternative?

Mircoeconomics production and cost concept: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?

Is the cost of the final product proportionate to its usefulness?