QUESTION 20 YEAR PRODUCT 1988 1989 1990 1991 price: $2.00 quantity: price: $1.00 1,000 $6.00 $8.00 1,500 product $4.00 2,000 2,500 2,000 $1.00 2,500 product $1.00 $1.00 1,500 3,000 quantity: price: $5.00 quantity: Y $3.00 $2.00 1,000 product $4.00 1,000 1,000 1,000 20. If the Consumer Price Index for 1990 was 200 and for 1991 it was 220, what was the annual rate of inflation between the two years? 20% 22% 10% 5% 100% 2OOO O0

Calculate the value of Total revenue when price is $33 and the quantity is 71 units

The total revenue generated is $400 and the output is 12 units Find the value of average revenue

Quantity Total Price Demanded Revenue Revenue Marginal Total Marginal Cost Cost $24 1000 $24,000 $15,000 $22 1250 $27,500 $14 $17,000 $8 $20 1500 $10 $19,500 $10 $18 1750 $31,500 Y $23,000 $14 $16 2000 $32,000 $2 $27,000 Z (a) Calculate total revenue at X. (b) Calculate marginal revenue at Y. (c) Calculate marginal cost at Z. (d) Find the profit maximizing price.

B C 1 2 D E Historical Price Data Seed Oil Mash Average Price Average Price Average Price 3 Marketing Year Index $/short ton Index $/short ton Index $/short ton 4 1 127.7 317.8 63 5 2 192.4 465 87 6 3 242 662.2 105 7 4 242 668.2 111 8 9 56 274 791.3 124 6 242 732 108 10 7 290 951 134 11 8 347.2 1123 153 12 9 436 1297.3 193 13 10 422.8 1312 187 14 11 466 1416 193 15 12 582 1664 247 16 13 508 1317.4 242 17 14 428 1182.4 197 18 15 434 1334.4 210

Calculate the value of total revenue if total cost is $6500 and profits are $800

Price Quantity (Dollars per shirt) (Shirts) Produce or Shut Down? Profit or Loss? 10 Shut down Loss 20 10,000 Produce Profit 32 35,000 Produce Profit 40 37,500 Produce Profit 50 40,000 Either shut down or produce Break even 60 42,500 Produce Profit

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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 how2ree

Subject : Engineering Economics Please write handwritten Answer And Explain Briefly