Affordability R109 per week.Proteas (R15)Roses (R8)Lavender (R6)No.MUTUWMUMUTUWMUMUTUWMU140403232202023575265818330105248215423128(b)10112518146161179615161101276(c)70(a)813508-6155(d)135-49-15140(e)131-7Calculate the average utility of 4 protea flowers. Round off to zero decimal places. Do not forget the word "utils".Blank 1Blank 1Add your answer

Total utility(TU) is the overall satisfaction derived from consuming a certain quantity(Q) of a…

Affordability R109 per week. Proteas (R15) Roses (R8) Lavender (R6) No. MU TU WMU MU TU WMU MU TU WMU 1 40 40 32 32 20 20 2 35 75 26 58 18 3 30 105 24 82 15 4 23 128 (b) 101 12 6698 5 18 146 16 117 9 15 161 10 127 6 (c) 7 0 (a) 8 135 0 -6 155 (d) 135 -4 9 -15 140 (e) 131 -7 Calculate the average utility of 4 protea flowers. Round off to zero decimal places. Do not forget the word "utils". Blank 1 Blank 1 Add your answer

Affordability R109 per week. Proteas (R15) Roses (R8) Lavender (R6) No. MU TU WMU MU TU WMU MU TU WMU 1 40 40 32 32 20 20 2 35 75 26 58 18 3 30 105 24 82 15 4 23 128 (b) 101 12 6698 5 18 146 16 117 9 15 161 10 127 6 (c) 7 0 (a) 8 135 0 -6 155 (d) 135 -4 9 -15 140 (e) 131 -7 Calculate the average utility of 4 protea flowers. Round off to zero decimal places. Do not forget the word "utils". Blank 1 Blank 1 Add your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Part 2 of 4 The following diagram illustrates the situation in the dry cleaning market. The marginal social cost (Susc) of the pollution rises as the quantity of items cleaned per week rises. In addition, there are two demand curves, one for a smaller city. Dg. the other for a larger city. D Why does the social cost curve (Susc) have a different slope than the private cost curve (SMPC)? A. The marginal social cost of pollution is increasing at a faster rate than the marginal private cost of dry cleaning OB. The marginal social cost of dry cleaning declines as output increases. OC. The total social cost of dry cleaning increases as output increases. OD. The marginal private cost of dry cleaning increases as output increases. OE The marginal social cost of dry cleaning increases as output increases. Taxing Externalities 3 What tax rate per item cleaned will achieve economic efficiency in the smaller city? $ (Enter your response rounded to two decimal places.) Price (dollars per item…
PROBLEM You own a firm that offers organlc coconut oil. Your objective is to determine the number of coconut oil to be produced each month in order to maximize revenues. The table below shows the total benefits (revenues) and costs of producing various volumes of coconut oll (. Control Variable (in 500 ml bottle) Total Benefits Total Costs (B) (C) 100 200 300 400 2000 3800 5400 6800 100 300 600 1000 500 600 700 800 900 1,000 8000 9000 9800 10400 10800 11000 1500 2100 2800 3600 4500 5500 1. Use the marginal analysis technique to determine the quantity of organic coconut oil that will maximize net benefils. Present results in lable form and highlight the maximizing level. (. 2. Graphically illustrate letter B. Separate the graphs for TB – TC approach, MB = MC rule, and net benefit (maximum). The sequence of the graph: (1) TB - TC approach (topmost graph); (2) net benefit (middle graph); and (3) MB, MC, & MNB (last, 3rd graph). But be sure that the graphs are parallel in X-axis so as to…
- Student Portal MyCC & CC Ema X 2ECON100C Assignment 1: Attem X i mycc.coquitlamcollege.com/mod/quiz/review.php?attempt-203068&cmid 143217 Harveer Kaur Bran MYCC MyCC Library CC Student Portal English (en) 1.00 Peducton 15 P Flag question 14 ronter 12 6 Coll phones (millons per year) Cell phones (milllons) 3 4 DVDS (millons) 15 14 12 9 5 Possibiity D The figure above shows a production possibilities frontier. In the figure, when the economy moves from point E to point D, what is the opportunity cost of a DVD? Select one: ENG US
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A competitive industry has production processes that generate pollution. okay with studies carried out on the affected population, the marginal costs associated with contamination are constant and 500 u.m. for each unit of the good produced. These costs are associated with lost working days, illness treatment costs and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1500 (um/unit). Market studies carried out by the firms estimate that if the price rises at 1,800 (mu/unit) the quantity demanded would drop to 200 units and the marginal cost of production of each firm at this new production level is 1,300 (m.u./unit). assume linearity in market demand and in the marginal costs of production of the firms. Graph to justify your answers. b)Graphically indicate and determine the magnitude of the social cost of the situation with a production level of 250 units.
A 2% increase in the price of carrot causes its sales to decrease by 6% and sales of sweet potato to increase by 10%. The cross elasticity of demand for sweet potato with respect to change of price in carrot is____. (a) 3 (b) -3 (c) 5 (d) - 5
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A competitive industry has production processes that generate pollution. okay with studies carried out on the affected population, the marginal costs associated with contamination are constant and 500 u.m. for each unit of the good produced. These costs are associated with lost working days, illness treatment costs and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1500 (um/unit). Market studies carried out by the firms estimate that if the price rises at 1,800 (mu/unit) the quantity demanded would drop to 200 units and the marginal cost of production of each firm at this new production level is 1,300 (m.u./unit). assume linearity in market demand and in the marginal costs of production of the firms. Graph to justify your answers. )Determine the level of tax that would have to be applied to production to achieve the social optimum.
Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Variable Marginal Input Input Cost Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) (dollars) 1 $500 $0 1 1 10 (A) $500 $200 (F. 2 1 25 (B) $500 $400 (G) 3 1 45 (C). $500 $600 (H). 4 1 60 (D) $500 $800 (1). 5 1 70 (E). $500 $1000 Refer to Exhibit 21-3. What is the average total cost of producing 45 units of output? a. $24.44 b. $21.11 c. $21.33 d. $25.11
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Distance to city edge (miles) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Housing Developer's Bid Rent ($/acre) $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 $0 $0 $0 $0 Farmer's Bid Rent Curve ($/acre) $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 The maximum amount that housing developers and farmers are willing to pay for land is depicted in the table above: 1. How far from the CBD will developers be willing to build houses? 2. If the market price of a harvest increases by $100,00 but farmer costs remain the same, what will happen to the edge of the city over the long run?