Suppose that the market for microwave ovens is a competitive market. The following graph shows the daily cost curves of a firm operating in this market. Ĉ 100 90 80 70 ATC ?
Q: Expected Interest Rate The real risk-free rate is 2.1%. Inflation is expected to be 2.35% this year,…
A: Interest rate is the amount charged over and above the principal amount by the lender from the…
Q: If a labor union successfully restricts the supply of labor to firms, and if the union is not able…
A: According to law of Demand for Labor markets - Whne wages are higher, quantity denand for labour is…
Q: Pick an answer Demand for good X is perfectly elastic. Currently, the price of good X is $5 and…
A: Elasticity is the concept used by economists to measure the responsiveness of supply/demand to…
Q: For a company facing a linear demand curve, revenue is maximized: where the number of customers is…
A: "A demand curve for a commodity indicates an inverse relationship between price of the commodity and…
Q: Refer the figure given below to answer the question. Wage rate ($ per hour) 9 8 7 6 5 4 3 2 1 0 S₁ D…
A: If a person is not employed but is looking for work and is available for it, they are said to be…
Q: 6. Ball Bearings Inc. faces costs of production as follows: Quantity 10 1 2 Total Fixed Costs $100…
A: total cost is defined as the sum of all the expenses incurred by the producer to produce goods.…
Q: please answer the following question: 1. Suppose an economy is slowing and more and more people…
A: "In an economy which is slowing down, the nation's government make use of fiscal policy to stimulate…
Q: Please answer the following question: 1. What is the largest component of the federal budget? A)…
A: A budget is a document that the government creates that includes a list of all the planned revenue…
Q: re the current federal funds rate ar Federal Reserve Bank? How do the two ra these rates affect…
A: The central bank chiefs, who are answerable for laying out the rebate rate at their separate banks,…
Q: Two gas stations, A and B, are locked in a price war. Each player has the option of raising its…
A:
Q: Assets Vault Cash Deposits at the Federal Reserve Loans Reference Ref 12-1 This bank's reserve ratio…
A: Reserve Ratio, Otherwise called Cash Reserve Ratio, it is the level of stores which business banks…
Q: The above table shows the benefit to each voter if an issue passes. The cost per voter of the issue…
A: The majority rule is a choice rule that chooses options which have a majority, that is to say, the…
Q: Which of the following both shift aggregate demand right? O A. net exports rise for some reason…
A: Change in the price level causes movement along the demand curve. Change in factors other than the…
Q: A factory supervisor faces the following table: Quantity of laptops Labour cost ($) Rental of…
A: The term "average cost" refers to the production cost per unit, which is determined by dividing the…
Q: which requires labor hours along with time on two machines. Producing a unit of trash cans requires…
A:
Q: Q1. Consider the adverse selection model, where the ability of each worker, 0, can be 1, 2 or 5.…
A: Given, Ability of each worker = 1, 2,or 5 Probability associated to each = (1/3,1/6,1/2)…
Q: Discussion Question 13-2 Answer the following questions, which relate to measures of concentration:…
A: Four-firm concentration ratio helps to understand the contribution of firms in the overall output…
Q: Use the diagram below to answer the next three questions. What price and quantity will the firm…
A: The concept of externality is very important as it covers the widely required concept of…
Q: Y6
A: We know that The money demand refers to the total amount of all the money demanded in the economy.…
Q: a) Alex spends all his money on jeans and shirts. His utility function is given: U(X₁, Xs)=XjXs² The…
A: Utility refers to the satisfaction attained from the consumption of the good. The aim of a rational…
Q: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.36. If…
A: Appreciation, or capital appreciation, is an increase in the price or value of an asset.…
Q: =tu1et10r.07.099 ● Question 18 of 20 Which of the following statements is true? O a. When marginal…
A: Answer to the question is as follows:
Q: A small print shop is investing in new printing equipment that will cost $30,000. They estimate that…
A: Given that :- New printing equipment cost $30,000 Additional revenues for every of the next 6 years…
Q: Suppose the government of a typical developing country increased the salary of civil servants at a…
A: AD is negatively sloped while SRAS is positively sloped. The intersection between these gives the…
Q: The economic analysis of a project foresees annual investments equal to R$300,000,000.00, over three…
A: We are going to use net present value approach to answer this question.
Q: Explain the international balance of payments (BOP) and the reason for its use.
A: Three categories of Balance of Payment: Current account: This account tracks all international…
Q: what are the advantages and disadvantages of open economies and closed economies? How has covid and…
A: An open economy is one that engages in international trade of goods, services, and financial assets.…
Q: Which of these is an alternative to monetar policy and aims to reduce inflation? a) reduce the…
A: Monetary policy is that policy which is used by government to control the economy. It means the…
Q: Suppose that legalizing the use of heroin would decrease its price by 79 percent. If the price…
A: Price elasticity of demand refers that it shows the change in demand due to change in price , if the…
Q: *** Babolat, Sony, and other smart racket producers are attempting to maximize economic profit…
A: Under monopolistic competition, there are a large number of buyers and products are differentiated.…
Q: Indicate what components of GDP (if any) each of the following transactions would affect. Check all…
A: In the mentioned question we have to categorize each transaction in such a manner that we can…
Q: In a given economy where citizens spend 80% of each additional dollar of income, the government…
A: Here, it is given that the 80% of additional income of households is used by them to spend in the…
Q: 8. The American Recovery and Reinvestment Act of 2009 was an expansionary fiscal policy whose…
A: Fiscal Policies:- A government generally regulates the market through fiscal measures, the measures…
Q: Suppose the demand function for a product is given by the function: D(g) 0.017q+68 Find the…
A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…
Q: Wildhorse Company purchased a computer for $9.440 on January 1, 2019. Straight-line depreciation is…
A: Economic depreciation is a measure of the decrease in the market value of an asset over time from…
Q: In the dynamic model of AD-AS in the diagram to the right, if the economy is at point A in year 1…
A: In AD/ AS graph, a rightward shift or increase in Aggregate demand will make output to rise along…
Q: 20. What is the Marginal Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 Og) 120 h) 160
A: The marginal cost is the cost of manufacturing an extra unit, and it relates to the change in…
Q: Jen is choosing a portfolio. For this choice, she is an expected utility maximizer. We fix the…
A: Wants satisfying of the commodity is known as utility , higher the utility higher the satisfaction ,…
Q: 6) A company is considering the purchase of a new automated assembly machine to increase its…
A: The initial cost of the machine = $480,000. Expected to increase the company's annual revenue by =…
Q: question, I just need the missing term after equals. This answer is not helping
A: A monopolistic market is a theoretical situation that defines a market where only one company may…
Q: The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising…
A: Price per serving of pasta (P) = 55 cents or $0.55 Cost of pasta per serving = 17 cents or $0.17…
Q: Assuming a firrh has this short-run production data below, do the following: a. fill-in the rest of…
A: We have given the value of the total and marginal products at the various combinations of the fixed…
Q: 7. In calculating the National Income using the Income Method, stock appreciation is deducted…
A: Income method is one of the methods to calculate national income. In it all the income generated by…
Q: An industry has a four firm concentration ration of 90%. The largest firm has a market share of 30%.…
A: "The four-firm concentration ratio is one of the measure which is used to check the level or extent…
Q: A factory installs new machinery that saves S(x) = 1800- 80x dollars per year, where x is the number…
A: Given:- S(x)=1800-80x C(x)=100x To calculate:- Time=? Net savings=? Please find detailed answer from…
Q: Explain what an independent central bank means for an economy, and why is this confirmation of…
A: The Central Bank is defined as a financial institution which manages the money supply and the…
Q: LAAS ObB-A OCB-D-A O & A-D-B MA MA Cefer to Exhibit 14-1. What sequence of points shows the short-…
A: The monetarist theory sees velocity as for the most part steady, which infers that ostensible pay is…
Q: Please draw four AD/AS diagrams (t-0,1,2,3) to show how the Covid-19 pandemic has affected our…
A: Aggregate Demand and Aggregate Supply Aggregate demand refers to the entire amount of demand for…
Q: Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment…
A: Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment…
Q: P(L, K) = 30L0.75 K-0.25 where L is units of labor, K is units of capital, and P(L, K) is total…
A: Equation that communicates the connection between the quantities of productive elements (like work…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- The graph shows the short-run cost curves of a toy producer. The market has 1,000 identical toy producers. The market price of a toy is $21. In the short run, the firm produces toys a week. 24- 21- 18- 15- 12- 9- 0 500 1000 1500 2000 MC ATC AVC 2500The following graph plots daily cost curves for a firm operating in the competitive market for rompers. Hint: Once you have positioned the rectangle on the graph, select a point to observe its coordinates. (?) PRICE (Dollars per romper) 50 45 40 3.5 30 20 15 10 10 5 0 + 0 2 MC ATC AVC 4 6 8 12 14 16 QUANTITY (Thousands of rompers per day) 10 18 H 20 Profit or LossQUESTION 9 John lives in the small island nation of Vanuatu, and is a producer in the perfectly competitive market for galip nuts. A summary of some of his costs, which are given in the local currency (the "vatu"), is shown below. Quantity (kg of galip nuts) 0 30 60 90 120 150 Total Fixed Cost TFC (vatu) 5600 5600 5600 5600 5600 5600 Total Variable Cost TVC (vatu) 0 640 1520 2640 4800 9120 If John's profit-maximising quantity is 90kg of galip nuts, what is the marginal revenue per kilogram of galip nuts at this profit maximising quantity? Answer to the nearest whole number.
- Question 3 The following graph shows the price, marginal cost, and average cost curves for a firm. MC Price (RM) ATC 40 27 16 12 MR 250 500 570 Quantity (Units)The diagram shows the price, marginal cost and average cost curves facing a perfectly competitive firm in the short run. What is the total revenue of the profit maximising firm in the short run? a) R720 b) R800 c) R960 d) R2 000 20 2 Cost, price (Rand) MC I 100 60 80 Output per day AC AVC PriceWhat will be the firms total profit?
- What is the relationship between revenue cost and profit?Revenues and costs (dollars) 40 35 30 25 20 15 10 5 0 200 MR 400 Output 600 SMC D 800 ATC AVC The figure above shows the demand and cost curves facing a price-setting firm. The maximum profit the firm can earn is $.10 ATC ATC2 ATC3 ATC, 2 2 4 6 8 10 Quantity (thousands of copies per day) A copy shop is choosing between four different operational sizes (ie, plant size). The average total cost curve for each option is shown in the graph. If the market demand for copies is 12,000 copies per day, how many copy shops would you expect to see in this market? The answer depends on the price of a copy, which is unknown. O 1 (because the copy shop will become a monopoly with a large quantity demanded) O (because the copy shop can't produce 12,000 copies efficiently and will shutdown) 3 (with each shop supplying 4000 copies per day) 8, 6 Average cost (cents per copy)
- If the price of the good is 0.70$ And the firm is producing 100 units what would the profit be -10 5 15 Or 20100 90 80 70 60 ATC 50 40 30 20 AVC МС О 10 + 0 0 5 10 15 20 30 35 40 45 50 QUANTITY (Thousands of shirts) or each price in the following table, use the graph to determine the number of shirts this firm would produce in order to maximize its profit. Assume hat when the price is exactly equal to the average variable cost, the firm is indifferent between producing zero shirts and the profit-maximizing uantity. Also, indicate whether the firm will produce, shut down, or be indifferent between the two in the short run. Lastly, determine whether it will nake a profit, suffer a loss, or break even at each price. Price Quantity (Dollars per shirt) (Shirts) Profit or Loss? Produce or Shut Down? Shut down 10 20,000 Loss Shut down 20 10,000 Loss Shut down 32 5,000 Loss Either 0 or 37,500 Shut down 40 Loss 25 COSTS (Dollars)X 1 ences If the price of oats is $3.0 per kilo, calculate the total revenue and the total profit (or loss) at the quantities shown in below table. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank - be certain to enter "0" wherever required. Mc Graw Hill Quantity (kilos) Total revenue Total cost Total profit $ 600 1800 $1,900 700 2100 $2,000 $ 800 2400 $2,400