[3] A firm has total variable costs and total costs as indicated in the table below. (a) Calculate the firm's total fixed cost. (b) Complete the last four columns of the cost table. Round answers to one digit after the decimal point. Output TVC TC AFC AVC АТС MC $0 $80 - | 1 110 190 150 230 3 180 260 4 220 300 5 270 350 340 420 7 440 520 8. 580 660 (c) Show your calculations for AFC, AVC, ATC, and MC for unit number 3.

Q: The following table shows the daily cost data and demand schedule for a typical firm producing board...

A: Marginal cost refers to the change in total cost with the change in quantity. Marginal revenue refer...

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A: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...

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A: In economics, lag effect can be seen while governement decides to implement economic policies to. De...

Q: B. How do world Religions view Business Ethics?

A: The world's eight major religions are Judaism, Christianity, Islam, Hinduism, Buddhism, Confucianism...

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A: Answer: Normal profit: normal profit occurs when the economic profit is zero. Economic profit refers...

Q: The demand and supply functions of two related goods are given by Qd1 = 300 – 50P1+ 20P2 Qs1 = -200 ...

A: Answer: Given, Qd1=300-50P1+20P2Qs1=-200+40P1Qd2=700+40P1-40P2Qs2=-100+20P2 Equilibrium in the marke...

Q: 10. Applying the rule of 78s to determine prepayment penalties Most installment loan contracts that ...

A: * SOLUTION :-    (10) Based on the given information the calculations are shown below.  

Q: Table 6.3 SBillions t of Compensation of employees Proprietors' income Corporate profit Net interest...

A: The answer is - a. cannot be calculated given the information in Table 6.3

Q: Why has the government pumped billions into bank bailouts to prevent them from collapsing?

A: Bank bailouts refer to a situation when government or corporation injects funds into a bank that is ...

Q: The Federal Reserve has announced that they are cutting interest rates for the third time this year....

A: When the Federal Reserve cuts rates, this refers to a decision by the FOMC  to reduce the federal fu...

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A: To find : Monopoly on vouch insurance company. 

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A: The following methods of Research can be explained as follows :  

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A: To find : What is the percentage change in price. 

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A: Marginal analysis aims to measure the net gain in additional benefit when one more unit of output is...

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A: A money market mutual fund invests in a combination of stocks,bonds and money market instruments.  S...

Q: .In a typical demand schedule, quantity demanded

A: To find : What quantity scheduled. 

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A: To find : Which will be fixed cost

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A: Total Cost is the sum of variable and fixed cost. Total Revenue is the final amount received by sell...

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A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...

Q: What is household consumption expenditure reflecting in terms of GDP of a country? What it indicates...

A:

Q: what are the two main critics of rainfall insurance in developing countries?

A: Rainfall insurance plays a significant role in the development of the agriculture sector in an econo...

Q: In order to reduce the ___________  problem in loan markets, bankers collect information  from prosp...

A: When there is imperfection information between two parties, it leads to market failures. The two pro...

Q: 2. Excise tax is a part of

A: To find : Excise test will be part of? 

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A: Answer: According to the above figure, if the supply curve shifts from AS to AS2 it means the firms...

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A: Consider the below points: *Is curve shows the inverse relationship between the interest rate and ou...

Q: 10. Mobility of labour A. Increases efficiency of labour B. O Spoils labour C. O Increases division ...

A: Government gets certain tax revenue with them through which they have to carry expenditure on econom...

Q: credit card statement in the mail. She paid the bill online and threw the statement away. How can sh...

A: To find : Whether this is case of fraud or not. 

Q: 3. In monopoly, the relationship between average and marginal revenue curves is as follows

A: To find : What is relationship between average and marginal revenue curve. 

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A: Given information Number of customer=100 Customers are located equally on a straight line curve with...

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A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

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A: here we explain the MPWC   shown in the given diagram of male and female as follow;

Q: 4. The total effect of a price change of a commodity is A. O Sustitution effect plus price effect B....

A: Commodity markets can be volatile, with movements that appear to have no rhyme or reason. Commodity ...

Q: This argument is valid (use the Venn diagram to determine it): No X are Y Therefore, some non-X are ...

A: The statement says that No X are Y, it implies that the intersection between X and Y is 0. There is ...

Q: Choose one of the following examples and explain whether you think that the government should ban th...

A: Banning any product is not the ultimate solution to any of the issue because it will create a situat...

Q: What is the meaning of National Industrialization?  2. Give at least three examples of the main ind...

A: The transformation of human society from a pre-industrial to an industrial state through social and ...

Q: Insurance exchanges: A. are government-regulated markets where individuals can purchase health ins...

A: C. are government-regulated markets where prices are set directly by federal regulators. Option "C" ...

Q: First, use the tàn quadrilateral (dash symbols) to shade the area representing tax revenue. Next, us...

A: Consumer surplus is the difference between maximum price consumers are willing to pay and market pri...

Q: 1) Having food on the table would be a measure of  a. capability's approach b. subsistence c. relat...

A: Capability's approach: This approach is given by Amartya Sen, according to this approach people will...

Q: Identify within the caribbean region, at least one agency that can provide a Multi-National Corporat...

A:  we have show that ,Caribbean Export is the only [Càribbean] Export Promotion and Trade Agency. Its ...

Q: Region A (the purple shaded area) represents the total producer surplus when the market price is $ ,...

A: Region A(the purple shaded area) represents the total producer surplus when the market price is $175...

Q: a. Explain briefly what the consumer price index tries to measure? b. Describe three problems that m...

A: The measure that depicts the final value of goods and services being produced in an economy during a...

Q: Financial intermediaries develop ________ in things such as computer technology which allows them to...

A: Basics:- Financial Intermediaries:- It works as an agent between two parties financial transactions...

Q: Save if the inverse demand function for toasters is p = 85 - 2Q what is the consumer surplus if the ...

A:

Q: Education seems to be important for human capital deepening. As people become better educated and mo...

A: Human capital refers to the increase in the productivity of a labor due to a rise in the economic va...

Q: In order to reduce the ___________  problem in loan markets, bankers collect information  from prosp...

A: In the loan market, it can be said that a borrower has more information about his ability to pay bac...

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2.  Now suppose gov't gives c...

A: Given information beta=1  i=0% Income in period 1=80 Income in period 2=100 Government gives free ch...

Q: Identify the background of the Scopes Trial in Tennessee during 1925 and explain how this trial perp...

A: To find : Background of scope trial and concept of separation of church and state  

Q: Subsidies can be in different in forms. These includes ____________.  tax holidays Cash grants All ...

A: The form of financial support or aid being provided which extends to an economic sector having the a...

Q: In the Solow growth model, countries with identical total factor productivities, identical labour fo...

A: Solow growth model determines economy's steady state where capital per worker and output per worker ...

Q: A bank is insolvent when   Question 24 options:   a)  its liabilities exceed its assets.   b)  ...

A: Answer: (a) Its liabilities exceed its assets.