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Timothy Allec
Homework Chapter 4
Economics with Dr. O
• 4- 16 a) C = 200/1.1 + 200/1.1^2 + 200/1.1^3 + 200/1.1^4 =$633.97
b) V = 10*1.1^4 + 10*1.1^3+ 10*1.1^2+ 10*1.1^1 = $51.05
c)B =100/1.1 + 100/1.1^3 + 100/1.1^5 =$228.13
• 4- 20 To calculate the final single payment for a machine purchased by a company, I did these steps
1)
Determine the monthly payment for the machine based on the given interest rate, initial deposit, and number of payments.
2)
Multiply the monthly payment by 12 to obtain the annual payment amount.
3)
Since you want to find the single payment after 2 years, calculate the payments for both year 1 and year 2. Let's assume these payments are $8,358 each for a total of $16,716 over the two years.
To find the final single payment, subtract the total payments made in the first two years from the original
cost of the machine, which is $17,000.
So, the final single payment would be $17,000 - $16,716 = $284.
• 4- 52
a. S = 600 * (P/G, 8%, 4)
= 600 * 4.650093
S = 2790.06
b. T = 200 * (A/G, 8%, 5)
= 200 * 1.846472
T = 369.29
c. X = 150 *(P/G, 8%, 5) *(F/P, 8%,1)
= 150 * 7.372426 * 1.08
X = 1194.33
• 4- 53
Using excel formula =NPV(rate, value(1),…value(n) I obtained the following values for:
a) $505.69
b)$5,131.48
c) $3,980.11
• 4- 83
NPV of the Robot purchase=$178,612, purchase of the robot is recommended
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4) Refer to the table below to answer the following questions.
Table 2
Firm A
R&D
A: $25
No R&D
A: -$3
R&D
B: $15
B: $60
Firm B
A: $60
A: $50
No R&D B: -$3
B: $35
Refer to Table 2. Firms A and B can conduct research and development (R&D) or not conduct it.
R&D is costly but can increase the quality of the product and increase sales. The payoff matrix is
the economic profits of the two firms and is given above, where the numbers are millions of
dollars.
a. What is Firm A Dominant Strategy?
b. What is Firm B Dominant Strategy?
c. What is the Nash Equilibrium?
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2 ABC university tuition fees can be paid by on-time payment (pay total amount due when classes start at the cost of 90,000 pesos per year) or early-bird payment (pay total amount due 1 year in advance with a 10% discount. What is the amount of the savings compared to the on-time payment at the time that the on-time payment is made?
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c) - X
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QUESTION 1
Alex has a budget of $100 a month for movie tickets and restaurant meals. A movie ticket will cost $10 and a
restaurant meal costs $20. Which of the following combinations is part of Alex's budget constraint?
O a. 2 movie tickets and 4 restaurant meals
O b. 2 movie tickets and 5 restaurant meals
O c. 2 movie tickets and 1 restaurant meal
O d. 4 movie tickets and 4 restaurant meals
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2
F2
QUESTION 2
Irfan has the budget constraint described in the graph below. If Irfan purchases 1 hour of tutoring per month and
decides to increase his purchases to 2 hours per month, what is the opportunity cost of the 2nd tutoring hour?
Irfan's Budget Constraint
month
3
987
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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Refer to the Front Page article to answer one question.
FRONT PAGE
Recycling Wastes Money
New York City is spending $57 million a year to recycle metal, glass, and plastic Mayor Bloomberg
says that's way too much, especially when the city is cutting police and fire budgets. The mayor
says the city could save a lot of money by simply sending the waste to landfills rather than recycling
it The city spends about $240 per ton to recycle waste, while the cost of sending the waste to
landfills is about $130 a ton. As he sees it, "You could do a lot better things in the world with $57
million." The mayor axed the recycling program from the city's proposed 2003 budget
Source: News reports, March 2002
How much more per ton is New York City paying to recycle rather than just dump its garbage?
Instructions: Enter your response as a whole number.
240
per ton
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cek 3 - Chapter 23
Interactive Book: Mea X
MindTap - Cengage L X
A Homework (Ch 23)
* MindTap - Cengage L x
n/static/nb/ui/evo/index.html?deploymentld%3D5981412232614779684085777463&elSBN=9780357133576&id=1316675399&snapshotld%=2635884&
CENGAGE MINDTAP
Q Searci
Homework (Ch 23)
Consider a simple economy that produces two goods: pens and muffins. The following table shows the prices and quantities of the goods over a three-
year period.
Pens
Muffins
Price
Quantity
Price
Quantity
Year
(Dollars per pen)
(Number of pens)
(Dollars per muffin)
(Number of muffins)
2018
1
150
160
2019
2
135
4
230
2020
110
4
165
Use the information from the preceding table to fill in the following table.
Nominal GDP
Real GDP
(Dollars)
(Base year 2018, dollars)
GDP Dėflator
Year
2018
2019
2020
72%
64°F Sunny
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A Homework (Ch 08)
* Mind Tap - Cengage Learning
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CENGAGE MINDTAP
lomework (Ch 08)
5. Deriving the short-run supply curve
Consider the perfectly competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and
average variable cost (AVC) curves for a typical firm in the industry.
80
72
64
56
48
ATCA
40
32
24
16
AVC
MCO
8 16
QUANTITY OF OUTPUT (Thousands of lamps)
24
32
40
48 56
64
72
80
14
5 go
19 194
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PER UNT (Dollars)
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Automobile repair shops typically recom- mend that their customers change their oil and oil filter every 4,000 miles. Your automobile user's manual suggests changing your oil every 6,500–8,500 miles. If drive you your car 52,000 miles each year and an oil and filter change costs $31, how much money would you save each year if you had this service performed every 6,500 miles?
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Please refer to the images and answer for question 2 options c, d and e
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Your friend Claire has been designing her own hoodies and giving them as gifts to friends and family. She has decided to sell them online soon by using a 3rd party website with a service surcharge based on her pricing. Using the information below, please choose the graph that shows the relationship between CLaire's selling price per hoodie and profit margin?
Costs ($)
Base Hoodie Cost
$30
Craft Supplies to Design
$10
Selling Website Service Charge
5%
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"The four factors of production are needed in an efficient market to provide goods and services at an affordable price at the right time, place and mix,"... "Missing the calibration of these factors can be disastrous for the supplier and consumer." The supplier may face higher costs of production, forcing them to charge a higher price to the consumer or risk going out of business.
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question attached! (:
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Compare the assembly line in China to that in San Francisco along the following dimensions : ( 1 ) volume or rate of production , ( 2 ) required skill of the workers , ( 3 ) level of automation , and ( 4 ) amount of raw materials and finished goods inventory
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sister
قبل دقيقتين
6. Look at the table below. Identify two fixed costs.
Cost
Rent
20,000 AED per month
1500 AED per month
Insurance
Commission
100 AED per unit
Packaging
30 AED per unit
Plece rate
150 AED per unit
80 AED per unit
Materiais
Salaries
250,000 AED per month
Delivery costs
50 AED per unit
Loan repayments 15,000 AED per month
Enter your answer below.
Sans Sent BIUGAA Normal
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9 Write an essay (150-180 words) based on the title
below. Remember to:
⚫think about the pros and cons of using technology,
and make notes
•
⚫ write a topic sentence for each paragraph, then give
more details and/or examples
⚫use connecting words and phrases to link sentences
and paragraphs.
•check your essay carefully when you have finished
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6i
Complete the following table:
Instructions: Enter your responses as a whole number.
Saved
Quantity
Fixed Cost
Variable Cost
Total Cost
$
100
$
0
$100
10
$
100
$40
$
140
24
20
$
100
$100
$
200
30
$100
$
170
$270
40
$
100
$260
$
360
< Prev
4 of 4
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CENGAGE MINDTAP
Homework (Ch 13)
The following graph shows the market for loanable funds in a closed economy. The upward-sloping orange line represents the supply of loanable
funds, and the downward-sloping blue line represents the demand for loanable funds.
10
Supply
8.
Demand
0.
100
300
400
500
600
700
800
900
1000
200
LOANABLE FUNDS (Billions of dollars)
11
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INTEREST RATE (Percent)
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35. If you know that you can afford a $500 per month car payment for the next 48
months, the interest rate is positive and you have found a car dealer who will agree
to a zero down payment you will
a. Be able to afford a $25,000 car (which is more than $500x48)
b. Be able to afford a $24,000 car (which is exactly $500x48)
c. Be able to afford something less than a $24,000 car
d. Be able to finance a more expensive car when the interest rate is high
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b.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of cutting time, 60 minutes of sewing time and 5 minutes of packaging time. Each skirt requires 15 minutes of cutting time, 30 minutes of sewing time and 12 minutes of packaging time. Each blouse requires 10 minutes of cutting time, 24 minutes of sewing time and 6 minutes of packaging time.
The amount of time available for cutting, sewing and packaging is 115 hours, 280 hours and 65 hours respectively. Using either the Inverse Method or the Cramer’s Rule, determine how many of each type of clothing should be made to use all available labor hours?
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Typed plzz
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Fill in the Blanks
Type your answers in all of the blanks and submit
Suppose you are a student at Blunter College in Fall 2021. You must decide how many courses to
attend. Here is the relevant information about costs and benefits:
The first course would give you a benefit worth 3000, the second course would give you a benefit
worth 2300, the third course would give you a benefit worth 1500, and the fourth course would give
you a benefit worth 500.
For each course that you take, you give up 1000 in foregone income (the money you could have
earned during the time spend on a course).
Each course is priced at 1500.
Suppose you have already paid fully for four courses, and this payment is non-refundable. Use
marginal analysis to determine how many courses (0, 1, 2, 3, or 4) you actually decide to attend:
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Homework (Ch 08)
* MindTap - Cengage Learning
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* CENGAGE MINDTAP
Homework (Ch 08)
2. The demand curve facing a price-taking firm
Vesoro is one of more than a hundred competitive price-taking firms in San Francisco that produce extra-large cardboard boxes for moving. The
following graph shows the daily market demand and supply curves facing the extra-large cardboard box industry.
(?)
50
45
Supply
40
Demand
35
30
25
20
15
10
0 1 2 3 4 5 6 7 89
QUANTITY OF OUTPUT (Millions of extra-large boxes)
10
19 144
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PRICE (Dollars per extra-large box)
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3
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9.) w = Blank 1 : show in four decimal
P0Total = $ Blank 2
F7Total / P0Total = $ Blank 3
A / P0Total = $ Blank 4
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2. What are the reasons for Studying
Engineering Economy?
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The total profit from the sale of q sweatshirts is: P(q) = 5q – 0.005q2 – 450. a. Calculate the additional profit earned when 450 sweatshirts are sold. ________ b. Calculate the additional profit earned when 750 sweatshirts are sold.
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J
Homework (Ch 08)
Q Search this course
Consider the following scenario to understand the relationship between marginal and average values. Suppose Rajiv is a professional basketball player,
and his game log for free throws can be summarized in the following table.
A-Z
Fill in the columns with Rajiv's free-throw percentage for each game and his overall free-throw average after each game.
Game
Game Result
Game Free-Throw Percentage
Total
Average Free-Throw Percentage
4/5
4/5
80
80
2/5
6/10
3
1/4
7/14
4
1/2
8/16
4/4
12/20
On the following graph, use the orange points (square symbol) to plot Rajiv's free-throw percentage for each game individually, and use the green
points (triangle symbol) to plot his overall average free-throw percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will…
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Given the Budget of $1000
P
of X = 10
10
Q
of X
0
10
TU of X (10s)
0
100
180
(Average) MU of X
0
10
MU/S of X
0
1
2000
20
8
0.8
30 20 7 27
40
50
60
70
80
90
100
310
365
415
6
5.5
100
460
502.5
542.5
581.5
5
4.5
4.25
4
3.9
0.7
0.6
0.55
0.5
0.45
0.425
0.4
0.39
P of Y = 500
500
Q of Y
0
1
2
3
4
5
TU of Y
0
510
870
1195
1485
1730
MU of Y
0
510
360
325
290
245
MU/S of Y
0
1.02
0.72
0.65
0.58
0.49
The optimal consumption bundle:
of X;
of Y
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Price of T-shirts
40
36
Homework (Ch 09)
The nation of Textilia does not allow imports of clothing. In its equilibrium without trade, a T-shirt costs $20, and the equilibrium quantity is 5 million
T-shirts. One day, after reading Adam Smith's The Wealth of Nations while on vacation, the president decides to open the Textilian market to
international trade. The market price of a T-shirt falls to the world price of $16. The number of T-shirts consumed in Textilia rises to 6 million, while
the number of T-shirts produced declines to 3 million.
32
Use the blue line (circle symbol) to graph the domestic demand for T-shirts in Textilia.…
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An artisanal manufacturing plant has 30 horsepower of connected load
and consumes 2,800 kilowatt-hours monthly. The shop buys electricity at
monthly rates in brackets as shown in the table below.. A. Compute for
the monthly electricity bill. Determine the average cost and marginal cost.
$0.086/kilowatt-hour
Frist 50 kilowatt-hour per
horsepower of connected
load
Next 50 kilowatt-hour per $0.066/kilowatt-hour
horsepower of connected
load
Next 150 kilowatt-hour per $0.040/kilowatt-hour
horsepower of connected
load
Above 250 kilowatt-hour
$0.037/kilowatt-hour
per horsepower of
connected load
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6
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Additional questions:Supposed you and your friends decide to rent the four bedroom apartment and subscribe to cable. The average fixed cost per roommate will be____?If only 3 people moved into the four bedroom apartment, the average fixed cost of rent and cable will be _____, which means that you will have to pay _____ of just the rent on your own
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Frank is an engineer who had decided to leave his job making $150,000 per year to brew and sell
craft beer. He spends $30,000 per year on ingredients and $20,000 per year to rent a space to brew.
His sales revenue from selling his beer is $150,000 per year.
(a) Assuming this information is complete and correct, calculate Frank's Accounting Profit. $
(Please enter your answer without the dollar sign)
(b) Assuming this information is complete and correct, calculate the Frank's Economic Profit. $
(Please enter your answer without the dollar sign)
9:17 PM
72°F Clear
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Draw Design
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Design Layout References Mailings Review
As the manager of Lewis Inc., a company that produces lamps, you conducted a
study of the production process. The study was based on 8 units of capital currently
used by your firm. (This is the short run in which capital is fixed.)
1
Week 7 Assignment Compatibility Mode Saved to this PC
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Per unit capital costs are $20 and the price of lamps is $12 each (this is a
competitive market). Workers at Lewis Inc. are paid $60 per labor unit. (You can
think of one unit of labor as one worker, and each worker is paid $60.)
Fill in the blanks in the following table.
Hint: Please follow Table 1 on page 364 of the textbook. Please note that a competitive, profit-maximizing firm
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(L)
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1
2
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(Q)
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10
30
60
80
90
95
95
90
80
60
Marginal Product…
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