The earnings for flour sales at a convenience store is given below. If Mark produces four bags of flour, his average fixed costs are Number of Earnings TVC MC AVC TFC TC AFC ATC о 100 1 1235 4 270 a. 100 ○ b. 20 ○ c. 25 O d. 30 50 95 46.67 300
Q: Discuss the relevance of the concept of price elasticity of demand
A: The concept of price elasticity of demand is highly relevant in economics as it measures the…
Q: 1- The profit margin of ORC Bank is: a-16.3% b-35.87% c-28.67% d-45.56% e-None of the above 2- The…
A: Profit Margin: This is a profitability metric. We compute it by dividing net income, including net…
Q: 1. Consider a Cournot duopoly with the inverse demand P = 260 - 2Q. Two firms compete choosing their…
A: Question: Consider a Cournot duopoly with the inverse demand P = 260-2Q. Two firms compete choosing…
Q: Question 1 Luna Leasing Sdn Bhd (LLSB) agrees to provide Pali Sdn Bhd (PSB) with equipment under a…
A: Question 1a: Factors Influencing Lease vs Purchase DecisionSeveral factors can influence…
Q: The price of a slice of cake is $4, therefore his income is
A: Approach to solving the question: Common cases and scenario Detailed explanation:The common number…
Q: Suppose in the Banking System (all numbers are in millions): Total Reserve = $72 Required Reserve…
A: First, let's set up the T-accounts for both the bank and the Federal Reserve before the…
Q: Stock Shares Stock Price A 9,500 $ 91 B 33,000 20 C 10,000 75 D 68,000 13 If there are 57,000 shares…
A: Step 1: The calculation of the NAV ABCD1StockSharesStock PriceInvestment2A9500 $ 91.00 $…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: When consumers grow more optimistic and consume more, the economy's aggregate demand (AD) increases.…
Q: Refer to the figure above. The firm illustrated in the graph is a(n) A. oligopolist. B.…
A: Detailed explanation: A natural monopoly is a form where only one company can efficiently and…
Q: None
A: Approach to solving the question: To solve this question, follow these steps:Identify profit…
Q: National Defence: it is nonexcludable, nonrival, neither, or both and briefly explain your answer.…
A: The national defense is unrivaled and nonexcludable.Nonexcludable: Since it is impossible to deny…
Q: The Star Theater is the only movie theater in Hollywood, SC, and therefore it has price-setting…
A: First, let's calculate the profit as a single-price monopolist. The demand curve is given by the sum…
Q: Suppose that the following Cobb - Douglas production function represents the economy of Malaysia: Y…
A: Let's first clarify what is meant by returns to scale. Returns to scale describe how a production…
Q: Problem 1. Country A has the following Philips Curve: π- Eπ- 0.75 (u-0.05) a) What is the natural…
A: The Philips curve is an economic model is an economic theory that explains the relation between the…
Q: Hello, please provide homework help with the image attached, please note that the following table…
A: i.Absolute advantage refers to a situation in which a country can produce a good or service using…
Q: Beauty of an expert you are Hand written solution is not allowed
A: Productive efficient occurs when the firm is producing at the minimum of the average total cost.this…
Q: Problème 02 Une calculatrice en ligne ou une application offre un accès instantané aux outils…
A: 1. Analyze the ProblemUnderstanding the RequirementsFor this calculator, the requirements specify…
Q: Oligopolistic markets Group of answer choices typically have lower barriers to entry. are usually…
A: A market that is dominated by a small number of companies is known as an oligopoly. An oligopoly, as…
Q: Give every answer steps and take a like
A: b)QPTRTCMRMCProfit0603---315555202487321339912042811-12-351513-32-860015-52-15 c)To be open in…
Q: Two fish farmers are deciding how many fish to raise in a public access lake. The problem is that…
A: The equilibrium is established when the cost of harvesting the fish is equal to the benefits of…
Q: None
A: To close a recessionary gap, the central bank aims to stimulate the economy by reducing interest…
Q: (Figure: Total Expenditures) As the price of the product rises from $0 to $40, what happens to total…
A: As we can see in the chart that when the price is $0, the quantity demanded is 50 unitsHence, total…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Let's solve each part of the question step by step: a. Saving Function (S): The saving function is…
Q: Fine Farm is a perfectly competitive producer of rice. The adjacent figure shows Fine Farm's…
A: Detailed explanation:Here's how to analyze the situation and determine Fine Farm's optimum…
Q: The Beauty of the expert Hand written solution is not allowed
A: Ans. ) Given the question, there is a competitive market for rhodium. Given that all the firms in…
Q: 6990 85 MC 80 75 70 65 60 55 50 45- 40 35 30 25- 20- 15 10 5 + 5 10 15 20 20 25 AC D MR ४. 30 35 40…
A: The objective of the question is to understand the behavior of a firm in a competitive market. In a…
Q: It is mandatory to give a step by step explanation of the given question.
A: 1. Inverse demand function: P(Q) = A - bQ 2. Individual firm's profit: πi = P(Q)qi - C(qi)…
Q: What are the postive and negative aspects of Eskom
A: Eskom, South Africa's state-owned electricity provider, plays a vital role in the country's economy…
Q: (R millions) employment employment (Thousands) population (Thousands) (Thousands) (Thousands) 1 120…
A: 1. To begin the process of calculating the employment coefficient for period 2, it is necessary to…
Q: Only c & d is needed, please explain in-depth and in simple terms thank u
A: Let's clarify each part of the answer in a more understandable way: (a) Effect of an Increase in…
Q: 1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market…
A: a breakdown of the table:Q: This column represents the quantity of dishwashers produced and sold.P:…
Q: Kindly give me the steps one by one how to do its and the calculation of the answers
A:
Q: Price Level Refer to the figure below. When equilibrium occurs at point a, the economy is exhibiting…
A: Detailed explanation: The short-run macroeconomic equilibrium is happening at point a.The real GDP…
Q: Draw an IS-LM model in general equilibrium. Show the effect of anincrease in marginal product of…
A: Within the context of an economy, the IS-LM model is a graphical representation of the link that…
Q: Solve all questions...
A: Aggregate Demand (AD)Aggregate Demand represents the total demand for goods and services in the…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: 1. Output (Income) (Y):Represents the total value of goods and services produced in the economy…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Approach to solving the question:To answer the questions on structural and cyclical budget balances…
Q: Kindly give me the steps one by one how to do its and the calculation of the answers
A: Calculating GDP using Income approach: By income approach, we obtain NDPFC NDPFC = (Compensation of…
Q: As a result, firms reduce; increase reduce; remain the same accumulate; decrease reduce; decrease…
A: The scenario outlined in the text suggests that businesses typically cut production when inventories…
Q: a)How do you calculate the correct social discount rate for each year, for user benefits in excel…
A: Sure, I'll illustrate a simpler, step-by-step example using a constant social discount rate of 4%…
Q: None
A: DETAILED ANALYSIS;Analyzing the Game: Antonio and Trinity's ChoicesIn this game, Antonio and Trinity…
Q: The table below shows the aggregate supply and aggregate demand schedules for the small economy of…
A: The objective of the question is to find the new equilibrium GDP after a negative supply shock in…
Q: A change in the price level produces a ________ the aggregate demand curve. i. shift in ii.…
A: The objective of the question is to understand the effect of a change in the price level on the…
Q: In the following diagram, Sd and D are the domestic supply and demand for a product and Pc is the…
A: The graph shows a situation of domestic supply (Sd) and demand (D) for a product. The world price is…
Q: The super powerful expert Hand written solution is not allowed No answer from Chat GPT please
A:
Q: do 2 1.-2.1 41 5 Gawain-Bahay Gamit ang character diagram isa-isahin ang mga katangian ni Don…
A: Approach to solving the question: Detailed explanation: Examples: Key references:
Q: The young and great expert Hand written solution is not allowed
A: To determine the economic service life and the respective present worth (AW), we'll calculate the…
Q: do fast i will 10 upvotes.
A: Based on the data provided , to calculate the total revenue for a single price monopoly when the…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Detailed Explanation:Part a:1. Finding Disposable Income (YD):Disposable income is calculated as…
Step by step
Solved in 2 steps
- What is die difference between accounting and economic profit?Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?Aegignment lalhat as Cost Of productio1 n00tu ta celd Of afable suow the folleo- ing kind OR cost A fixed Cost varia ble cost CAccerage to fell cost d Total coRt Acerage KAverage fixed cort gmarginal cost J00thatte ald Of your Olon Illestrahon dufferentiate between accocent pornt OF Niew and the elonomist pent ofview 4 Dustinguuh between opportuncty Cort aud money Cost e carable CO8T ittu 12021 BEST QUAL CISE BOOK
- when studying the in formation related to Al- Kufa factory itis explained that selling price for one ton is 200 ID and 1- Variable cost for one ton reaching 150 ID 2- Fixed costincluding the project construction costs was 48 million ID 3- Suppose that the designed factory productivity reaches 46000 ton per year for one work shift Find the production volume and the time thatitmust be reach to Break- Even point42e2855257207a.d706b2b45.pdf Q X P 82684284-5573..omics-Hoy.pdf Q + Sign in 3 O Go Premium WPS Office 2 Menu v Home Insert Comment Edit Page Protect Tools S Hand Tool 6 (6/6) abc 220% E Select Tool Annotate 1-1] Find Highlight Edit Text Edit Picture PDF to Office PDF to Picture Rotate Auto Scroll Read Mode Background Screen Grab Note K Draw a phase diagram and solve ý = ry(1 – ky) 3E 6 (6/6) | > > BO 00 1-1 220% - - 1:33 АМ 5/10/2021 近
- 23 ABC Electronics is a company that sells smartphones. If the Montly demand for a partcular smarthphon Model is 1000 units. The cost to place an order is Rioo, and the Carrying costs per unit per year is RS. The company Operates for 250 business Economic Order Quantity, CEOG 7 year. Caculate the Model. Calculate the EOQ. the SmarthphoneA firm produces bread (B). The company wants to lease new equipment. Themarket offers new high-speed ovens (H) and slower ovens (S) with an oldertechnology. The high-speed ovens can produce twice as much bread in the sameamount time.a) Derive the production function.b) The high-speed ovens cost 100 Euros per month and the slower ovens costs 70Euros per month. In which type of ovens should the company invest?c) If the price of the high-speed ovens remains unchanged, calculate the price of theslow-ovens, at which the company could be indifferent in leasing only high-speedovens, slow-ovens or possibly a combination of both.Jony furniture store examines its inventory policy and considers using an economic order quantity (EOQ) approach. They have the following information about a table set: Annual demand Current order qu Carrying cost Order cost 3.920 sets 30 sets $80.00/set/year $200 a. What is the current total annual cost (TC) b. What is the economic order quantity (EOQ)? c. What is the total annual cost at the economic order quantity (EOQ)
- Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be aq0 to noiinseu14 Isind TC = 10,000 + 40Q + 0.0025Q² and ivibe to l9v9i ani oi -MC = 40 + 0.005Q1oriism s Arol else noitee eaidT aigie s niged sW noilesimixam benistie iton to laval orfs.ot doagee sideixav, where costs are measured in U.S. dollars and Q is the number of wine decanters pro- duced annually. Because Bavarian Crystal Works is only one of many crystal produc- ers in the world market, it can sell as many of the decanters as it wishes for $70 apiece. Total and marginal revenue are tanad tan ait oT vtivins to briTR = 700 owd io anoilanut ed teoo where revenues are measured in U.S. dollars and Q is annual decanter production. a. What is the optimal level of production of wine decanters? What is the marginal revenue from the last wine decanter sold? and MR = 70 %3D b. What…Mc Donald's sells 1500 burgers per year. The cost to place an order for raw materials is RO 40. The cost of one burger is RO 0.600 and the carrying cost is 20% of the cost. Find the Economic Order Quantity. a. 1000 units b. 2000 units 1500 units Od. 800 unitsFor a firm total revenue is 120000, cost of raw materials is 40000, wages of labor 18000, other expenses are 5000, Total implicit cost is 33000.What is accounting profit. Select one: O a. 68000 Ob. 24000 c. 57000 Od. 87000
