Review Test Submission Final Online – 2023 Spring Term
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Economics
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Feb 20, 2024
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My Akron Experience - The UniveX DEL Homework (Ch 14): Do Your Hon x
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Homework (Ch 14)
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PRINT YOUR NAME
(LAST)
(FIRST)
Aggregate Cost Data
Unit Cost Data
Average Average Average
I Fixed
Variable Total
Cost
TC
Marginal
Quantity Fixed Variable Total Change in I Cost
of
Output (FC) (VC)
Cost
ATC
Cost
Cost Total Cost
(TC) (ATC)
Plot
MC at
Output
Cost
Cost
IFC
VC
$600 $ 0 $ 600
I XX
XX
XX
XX
$3.00
$300
50
100
600
300
900
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$9.00
100
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150
200
600
400
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2.00
5.00
50
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300
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500
600
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550
600
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1800
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700
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PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON
P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS
5-8 ARE ON PAGE 136.
1. How is marginal cost (ATC/AQ) represented in your graph on page 134?
2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a
minimum at an output level of,
units.
3. On your graph on page 135 Total Cost per unit (TC/Q or average…
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Teresa is a hard-working second-year university student. One Thursday, she decides to work nonstop until she has answered 100 practice problems for
her physics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired,
it takes her longer to solve each problem.
Time
8:00 AM
9:00 AM
10:00 AM
11:00 AM
Noon
Total Problems Answered
0
40
70
90
100
Use the table to answer the following questions.
The marginal, or additional, gain from Teresa's second hour of work, from 9:00 AM to 10:00 AM, is
The marginal gain from Teresa's fourth hour of work, from 11:00 AM to noon, is
problems.
problems.
Later, the teaching assistant in Teresa's physics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 35
problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover
the same number of pages during…
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OneLogin
x B Achieve Assignments - ECO2023 X
Assessment - Microeconomics 68 X
rning.com/courses/b390dd47-7af5-4231-b050-94a970e501f8/4/dc7abv/tools/assessment/items/247874a5-e17c-49e.
Completed 14 out of 20
Question 4 of 20
Entrepreneurs deserve the profits they earn because they
O have college degrees.
O bear the risks of failure and bankruptcy.
extract rent from fixed inputs.
are visionaries.
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EGR 116 Project 2 Controlling Motor Speed Word
References
Mailings
Review
View
Help
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Beaverduck Bus Company wants to compute the cost of adding a third daily bus between
Eugene and Corvallis, Oregon. Comment on the following statement of Abby Abacus, the
company's accountant: "If we add the third bus, our total cost would increase form $700 to
$780. Therefore, the marginal cost of the third bus is $260 ($780 divided by 3)."
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plz solve it within 30-40 mins I'll give you multiple upvote
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What is the total cost associated with producing eight units of the control varlable, a (identify point B in the tablej?
34
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Bеnefit
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3,000
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BY ORDER OF
3D OF EDUCATION
OHIO VALLEY BA
ESTABLISHED 1872
GALLIPOLIS, OH 45631
Chapter 13 Homework
Mind Tap - Cengage Learn X Login
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In the following table, complete the marginal cost, average variable cost, and average total cost columns.
Quantity
(Vats of juice)
0
(Dollars)
Variable Cost Total Cost Marginal Cost
(Dollars)
(Dollars)
Average Variable Cost
(Dollars)
Average Total Cost
(Dollars)
0
30
8
38
2
18
48
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30
60
50
80
80
110
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150
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On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Eric's Juice Bar. (Note: Be sure to plot from left to
right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of…
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What Is Developing a Performance Measurement and EvaluationSystem?
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plz write for me a 60 min
economics presentation about
cryptocurrency include lots of
interesting simulation and
physical activities for the class to
stay focused and engaged and
quizzes too.
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T or F
Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why?
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Help completing the table
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You just received your midterm exam results andyour professor wrote the following note: “Youreceived a 70 on this exam, the average score. Ifyou want to improve your grade, you should studymore.” Evaluate your professor’s note
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EGR 116 Project 2 Controlling Motor Speed - Word
Mason B. Wohlfeil
sign
Layout
References
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Help
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TUse the table below to answer the following questions. Assume that fixed costs are $100 and
labor is paid $80 per unit (employee).
MP
AP
FC
VC
TC
ATC
AVC
AFC
MC
1
15
3 25
4
40
5 45
6 48
7 50
Complete the table.
a) Graph ATC, AVC, AFC, and MC.
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lyp
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Total cost (dollars per unit)
B
100-
80 -
60
40
3
4
Output (units per hour)
2.
20
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Complete the table below:
Output
TotalCost(RM)
Totalvariablecost(RM)
Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM)
0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980
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Microecon KM
Gradebook
E
Join: 746518
HW3 (Ch3 & 4)
Homework
Due in 2 days
Answered
(3)
app.tophat.com
Leisure travel: -2.4
HW3_12
Homework Unanswered
Unanswered
10am_Fall22_Microecon_KM - Assigned | Top Hat
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15/17 answered
Kris' Kabobs:
Kris decides to drop the price of his famous Kabobs from $3 to $2. Last week at $3 he sold 240 and this week at $2 he sold 480.
We can use this information to determine the elasticity of demand for the Kabobs. Do that!
(correct sign and 2 decimal places in your answer)
Type your numeric answer and submit
Resubotic
Submit
Becca v
+ 88
Open in Reading View
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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…
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Total Costs (000s of dollars)
20 000
18 000
16 000
14 000
12 000-
10 000-
8 000
6 000
4 000
2000
0
4000
0
2000
5
1000
10
15
20
Output (golf carts per month)
TC
TVC
Refer to the figure. How much is the total cost (TC) when the total output is zero?
TFC
T
25
30
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341) SKI X
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Question 9 of 14
1.43 Points
Over time, people have resorted to using the internet instead of newspapers to look for job openings, this change in job search
behavior caused
O A. cyclical unemployment to decrease.
OB. structural unemployment to decrease.
O C. frictional unemployment to decrease.
O D. no effect on the natural rate of unemployment.
Reset Selection
Part 10 of 14- Question 10
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If a firm has economies of scope, which of the following would best decribe what the firm is experiencing?
(a) The firm is experiencing internal economies of scale.
(b) The firm is experiencing internal diseconomies of scale.
(c) The firm is experiencing external economies of scale.
(d) The firm is experiencing external diseconomies of scale.
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What goal of foreign policy is being achieved in the following example:
United Nations (UN) inspectors investigated North Korea's nucdear facilities looking for traces of developing weapons of mass destruction
O Promote human rights (humanitarian)
O Protect security
O Spread democracy
O Encourage free trade
1 2
Enalish
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a firms long run costs is the costs of production when the firm
(a) can vary the amount of output it produces
(b) adds together all of its short run costs
(c) uses the economically efficient quantities for its plant and its labour
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2. Mention at least 4 questions that help us to start planning a project and why do you think they are important? (speaking of economic engineering)
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Firm Measures: Productivity, Costs, Revenues, and Profits
Labor Total Product (TP) Fixed Cost (TFC) Variable Cost (TVC)
$800,000
$
0
$800,000
$ 800,000
$800,000
$800,000
d.
e.
f.
g.
0
1
2
4
5
6
1.
0
8000
30000
45000
56000
60000
63000
$800,000
$800,000
$800,000
$1,500,000
$2,250,000
$3,130,000
$4,200,000
$5,040,000
a.
Solve for marginal product (MP) in each row, except for where labor = 0.
b. After which worker does the region of diminishing marginal returns begin?
c. Specialization and division of labor are observed in which one of the three
Price
$80
$80
$80
$80
$80
$80
$80
regions?
Solve for total cost (TC) in each row.
Solve for average variable cost (AVC) in each row, except for where labor = 0.
Solve for marginal cost (MC) in each row, except for where labor = 0.
Why are the MC and MP inversely related to one another? While it is because as
one increases, the other decreases, please explain the meaning behind the inverse
relationship that exists between worker productivity and…
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art-of-the-start-guy-kawasaki.pdf (wordpress.com)
I need help understanding this read, as i am not comprehending well.
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Recommended textbooks for you
Microeconomics: Principles & Policy
Economics
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:Cengage Learning
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- PRINT YOUR NAME (LAST) (FIRST) Aggregate Cost Data Unit Cost Data Average Average Average I Fixed Variable Total Cost TC Marginal Quantity Fixed Variable Total Change in I Cost of Output (FC) (VC) Cost ATC Cost Cost Total Cost (TC) (ATC) Plot MC at Output Cost Cost IFC VC $600 $ 0 $ 600 I XX XX XX XX $3.00 $300 50 100 600 300 900 I $6.00 $3.00 $9.00 100 1.00 150 200 600 400 | 3.00 2.00 5.00 50 .50 - 250 300 1050 I 2.00 1.50 1.00 350 400 1150 I 1.50 1.38 2.88 200 2.00 - 450 500 600 750 1350 I 1.20 1.50 550 600 600 1200 1800 3.00 10.00 - 650 700 2200 2800 I.85 3.15 PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS 5-8 ARE ON PAGE 136. 1. How is marginal cost (ATC/AQ) represented in your graph on page 134? 2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a minimum at an output level of, units. 3. On your graph on page 135 Total Cost per unit (TC/Q or average…arrow_forwardTeresa is a hard-working second-year university student. One Thursday, she decides to work nonstop until she has answered 100 practice problems for her physics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 40 70 90 100 Use the table to answer the following questions. The marginal, or additional, gain from Teresa's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Teresa's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant in Teresa's physics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 35 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during…arrow_forwardOneLogin x B Achieve Assignments - ECO2023 X Assessment - Microeconomics 68 X rning.com/courses/b390dd47-7af5-4231-b050-94a970e501f8/4/dc7abv/tools/assessment/items/247874a5-e17c-49e. Completed 14 out of 20 Question 4 of 20 Entrepreneurs deserve the profits they earn because they O have college degrees. O bear the risks of failure and bankruptcy. extract rent from fixed inputs. are visionaries. LAPTOP LOGIN USERNAME: student PASSWORD: Browardarrow_forward
- EGR 116 Project 2 Controlling Motor Speed Word References Mailings Review View Help Tell me what you want to do AaBbCcDdE AaBbCcL AaBbC AAB6CCI AaBbCc) A 1 Caption Emphasis Heading 1 1 Normal Strong Paragraph Styles Beaverduck Bus Company wants to compute the cost of adding a third daily bus between Eugene and Corvallis, Oregon. Comment on the following statement of Abby Abacus, the company's accountant: "If we add the third bus, our total cost would increase form $700 to $780. Therefore, the marginal cost of the third bus is $260 ($780 divided by 3)."arrow_forwardplz solve it within 30-40 mins I'll give you multiple upvotearrow_forwardWhat is the total cost associated with producing eight units of the control varlable, a (identify point B in the tablej? 34 Marginal Harginal Harginal Net Bеnefit Control Total Net Costs Benefits Benefit Total variable Benefits Cost Sepped B(Q) C(Q) MB(0) MC(0) MND (0) 900 100 800 900 100 800 2 1,700 300 800 200 600 2,400 600 1,800 700 E 400 1,000 1,500 400 500 2,000 2,000 1,800 1,400 4 600 200 3,500 500 3,900 2,100 D 600 -200 4,200 4,400 4,500 2,800 300 700 -400 800 200 800 -600 4,500 100 900 -800 10 4,500 5,500 -1,000 1,000 -1,000 Mutiple Choice 3,000 3,600 3,800 4,200arrow_forward
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Recommended textbooks for you
- Microeconomics: Principles & PolicyEconomicsISBN:9781337794992Author:William J. Baumol, Alan S. Blinder, John L. SolowPublisher:Cengage Learning
Microeconomics: Principles & Policy
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ISBN:9781337794992
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Publisher:Cengage Learning