Practice Quiz 6: ECON 3060-05 (30637)

300 +A 250 200 150 100 (intel CORE IS 50- 06. The Average Total Cost (AC) reaches a minimum at O (a) Q=6 O (b) Q=10 0 Q 0 2 4 6 8 10 12 14 16 18 20 (c) Q=12 O (d) Q=15 # TC Type here to search TVC St TFC 30 25 20 15 10 5 Click Save and Submit to save and submit. Click Save All Answers to save all answers. SA 0 0 2 4 6 8 10 12 14 16 18 20 Save All Answers MC AC AVC AFC (? Save and Submit DELL

Problem 3-18 (Algo) New car sales for a dealer in Cook County, Illinois, for the past year are shown in the following table, along with monthly indexes (seasonal relatives), which are supplied to the dealer by the regional distributor. Units Units Sold 767 787 817 817 Month Sold Index 0.70 0.80 Month Index 0.90 1.10 1.20 Jan. 643 Jul. Aug. Sept. Feb. 653 Mar. 638 0.60 Apr. May Jun. 738 0.94 Oct. 1.20 743 843 0.89 Nov. 827 1.20 1.00 Dec. 787 1.25 Click here for the Excel Data File b. Deseasonalize car sales. (Round your answers to the nearest whole number.) Month Deseasonalized Month Deseasonalized Jan. Jul. Feb. Aug. Mar. Sep Apr. Oc. May Jun. Nov. Dec.

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S LO 20 # 3 PRICE (Dollars per hot dog) 5. History Bookmarks People Tab Window Help 令) 71% Mind Tap - Cengage Learning /index.html?deploymentld%359828119415547787292595253&elSBN=9780357133606&id%3D1069413986&snapshotid%-D2211990& * CENGAGE MINDTAP Q Search this course Homework (Ch 15) 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S = MC) curves in the market for hot dogs. %3D Place the black point (plus symbol) on the graph to indicate the market price and quantity that will result from competition. Competitive Market +. 4.5 PC Outcome 3.5 3.0 2.5 S=MC 1.5 0.5 D. 120 140 160 180 09 QUANTITY (Hot dogs) 40 PI MacBook Air DA DD F8 F6 F5 F4 F2 %24 6. 7. 8. 9- 4. 2.

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Q 0 1 2 U 3 4 5 6 7 8 9 10 TC (in millions) $50 54 56 57 59 62 66 72 80 92 110 TVC 0 4 6 7 9 12 16 22 30 42 60 AVC n/a 4 3 2.34 2.25 2.4 2.6 3.143 3.75 4.6 6 AFC n/a 50 28 19 14.75 12.4 11 10.28 10 10.22 11 ATC n/a 54 28 19 14.75 12.4 11 10.28 10 10.22 11 MC 54 56 57 59 62 66 72 80 92 110 125 1.what is the efficient capacity? if there is any 2. in one diagram, draw the manufacturer's AVC,ATC,and MC curves? TFC

The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 240 220 200 Total Revenue 180 160 140 120 100 80 60 40 20 0 PRICE (Dollars per bike) 0 9 18 27 > 36 45 54 63 72 QUANTITY (Bikes) 00 8 Demand 90 81 99 106

Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: MODEL AVERAGEQUANTITYSOLD (UNITS/MONTH) CURRENTPRICE TOTALREVENUE VARIABLECOST PERUNIT CONTRIBUTIONMARGIN PERUNIT CONTRIBUTIONMARGIN* A B C Total 15,000 5,000 10,000   $30 35 45   $450,000 175,000 450,000 $1,075,000 $15.00 18.00 20.00   $15 17 25   $225,000 85,000 250,000 $560,000 *Contribution to fixed costs and profits.The company is considering lowering the price of Model A to $27 in an effort to increase the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products’ chief economist estimates the arc price elasticity of demand to be –2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable costs…

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n 102 Assignment 4spring22 (1) Protected View Saved to this PC O Search (Alt+Q) Design Layout References Mailings Review View Help een verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing. Enable Editing 3) Use the table below to answer the following questions. Table 1 Bud Light Don't Offer Offer New Ads New Ads B: $100 B: $50 Offer New Ads M: $100 M: $200 Miller Lite Don't Offer B: $120 B: $200 M: $50 New Ads M: $120 Table 1 The marketers of Budweiser Light beer and Miller Lite beer must decide whether or not to offer new advertising campaigns promoting their products. The payoffs in the table are the economic profit made by Bud and Miller. Answer the following questions? a. What is Bud Light Dominant Strategy? b. What is Miller Lite Dominant Strategy? c. Is this game has an equilibrium ? what is it? what we usually call this type of equilibrium? d. Is this game can be described as a…

$ 300- 250 200 150 100 50- 04. What is the Total Fixed Cost at Q = 10? # O (a) $9 0 Q 0 2 4 6 8 10 12 14 16 18 20 O (b) $50 O (c) $90 (d) $140 O(e) $160 Type here to search TC Et I TVC TFC 30 25 20 15 10 Click Save and Submit to save and submit. Click Save All Answers to save all answers. 5 SA 0- 0 2 4 6 8 10 12 14 16 182 O Save All Answers MC AC AVC St AFC Q ? Save and Submit DEL

P Take a Test - Anil Akdereli - Google Chrome A mathxl.com/Student/PlayerTest.aspx?testld=229144925¢erwin=yes EC 102 2020-2021 Spring Anil Akdereli & 04/13/21 9:37 PM Quiz: EC 102 - Spring 2020-2021 - Make-Up for the 2nd Quiz Time Remaining: 00:24:13 Submit Quiz This Question: 1 pt 2 of 8 (7 complete) This Quiz: 8 pts possible The graph on the right shows the demand and supply curves in the market for workers in Starbucks coffee shops (called "baristas"). Assume that Starbucks baristas are unwilling to accept a wage lower than $11 per hour, causing the wage to be fixed at that level. 20- 18- Suppose that, due to concerns about the high number of calories in many Starbucks drinks, the demand for Starbucks products declines. So 16- Use a graph to explain what will happen to employment in the market for baristas? 14- 1.) Using the line drawing tool, plot either a new labor supply or labor demand curve that would result from the decline in Starbucks sales. Label your line…

Q VC AVC TC ATC MC $0 $0 $30 $0 $0 1 $40 $40 $70 $70 $40 2 $100 $50 $130 $65 $60 3 $180 $60 $210 $70 $80 4 $330 $82.5 $360 $90 $150 If the firm can sell its product for $60, it will not sell 2 units and incur losses of $10 sell 1 unit and incur losses of $10 а. b. continue to operate in hopes the market price increases shut down and incur losses of $30 с. d.

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ECON 2100 OL HW14 Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout Share O Comments Garamond 11 v A^ A^ Аa v AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBbCcDdEe > Styles Pane Paste I U v ab x, x A Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle Emph... Sensitivity * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates 3. The table below shows the quantity demanded and supplied in the labor market for driving city buses in the town of Unionville, where all the bus drivers belong to a union. Quantity Of Workers Demanded Quantity of Workers Supplied Wage Per Hour $14 12,000 6,000 $16 10,000 7,000 $18 8,000 8,000 $20 6,000 9,000 $22 4,000 10,000 $24 2,000 11,000 a. What would the equilibrium wage and quantity be in this market if no union existed? b. Assume that the union has enough negotiating power to raise the wage to $4 per hour…

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Economics URGENT PLEASE** As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle of the project’s planned schedule. There are concerns that it will go over budget and schedule because 40 million dollars has been spent in the project so far. According to the project charter, the pipeline length is 72 km and must be completed in 6 months, with a budget of 57.6 million AUD. You performed an inspection and find out that installation of 30 km of pipeline has been completed. Using earned value analysis, answer the following questions:   A ) Calculate the Schedule performance index (SPI) and the cost performance index (CPI) at the time of inspection. What do they mean? [ B) According to your analysis, how much is the project going to be over budget? (Calculate the estimate to completion (ETC).)  C) As a key part in your report to the management, what is your advice for cutting the expenditure in the rest of the project, in order to finish the…

Economics URGENT PLEASE** As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle of the project’s planned schedule. There are concerns that it will go over budget and schedule because 40 million dollars has been spent in the project so far. According to the project charter, the pipeline length is 72 km and must be completed in 6 months, with a budget of 57.6 million AUD. You performed an inspection and find out that installation of 30 km of pipeline has been completed. Using earned value analysis, answer the following questions: A) What is the earned value (EV) for this project at the time of inspection (month 3)?  B) What is the planned value (PV) for this project at the time of inspection?  C) Calculate the Schedule variance (SV) and the cost variance (CV) at month 4. What do they mean? D) Calculate the Schedule performance index (SPI) and the cost performance index (CPI) at the time of inspection. What do they mean? [ E) According to your…

Question 74.Full explain this question and text typing work only     We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

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Plant sizes get larger as you move from ATC-1 to ATC-4. Output 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 ATC-1 $ 10 8 9 12 15 18 20 24 29 35 ATC-2 15 12 10 8 6 10 12 15 19 25 ATC-3 $ 20 17 15 13 11 9 7 11 13 15 ATC-4 $ 30 25 20 18 16 14 12 10 8 9 In the long run, the firm should use plant size ATC-3 for what level of output?