8.5 8 75 7 65- 6 5.5 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 Price 200 500 650 O subsidy of $2 per unit tax of $1.50 per unit Social Cost subsidy of $1.50 per unit tax of $2 per unit Private Cost Demand In order for the government to intervene successfully, it must use a Quantity
Q: A firm earning a zero economic profit in the long run has earned a competitive return or normal rate…
A: Normal Profit is just revenue minus implicit and explicit cost. This means the profit is just enough…
Q: Directions: Record the given information, draw the cash flow diagram and solve. A material handling…
A: External rate of return (ERR) refers to the rate of return on a project and the “excess” cash from a…
Q: 1. Sally Johnson loaned a friend $10,000 at 15% interest, compounded annually. The loan will be paid…
A: The loss or gain of an investment over a specific time period is known as the rate of return, and it…
Q: Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts…
A:
Q: What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $900,…
A: The investment's annual income is divided by the stock's market price to calculate the current…
Q: If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than…
A: Opportunity cost is the cost of the foregone next best alternative.
Q: . Michael Porter’s Diamond Model comprises FOUR major elements. With the use of examples, briefly…
A: 3) Michael Porter's diamond model states that there exist certain factors that cause competitive…
Q: A new antitheft system incorporating MEMS technology is being separately evaluated economically by…
A: Present value, is a calculation that actions the value of a future amount of cash or stream of…
Q: Long-run costs of production are generally lower than the short run costs because: a. all inputs…
A: Production cost is divided into two parts fixed and variable. The fixed cost does not change with…
Q: wn? Figure 2: growth X Graded Assignment ch of the points shown in Figure 1 are feasible? Figure 1:a…
A: The above answer concept of based on the transformation curve or production possibility curve (PPC).…
Q: 2. The production is given by Y= 2L+K. The firm currently produces 200 units a. Graph an isoquant…
A: b) MPL =dY/dL = 2 MPK = dY/dK = 1 what is TRS could you elaborate MRTS = MPL/MPK = 2
Q: The weekly demand function is given by p+x+4xp = 68, where is the number of thousands of units…
A: The connection between price and quantity demand is also known as the demand curve. Demand for a…
Q: Haiti had an unemployment rate of 21% in 2009 and in 2011 the unemployment rate decreased to 19%.…
A: The production possibility frontier depicts the combination of two goods that can be produced by…
Q: If the purpose of a tax is to decrease the amount of a harmful activity, then the tax would be most…
A: Supply and demand both are affected by the imposition of tax. The imposition of tax changes the…
Q: the following positive statements or normative statements? I. "Earnings increase with education…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Consider an EOY geometric gradient, which lasts for eight years, whose initial value at EOY one is…
A: Given The First year-end cash flow of the geometric gradient is Php 250,000 f=6% thereafter up to…
Q: D 1 2 B 4 5 5 7 B 9 D 1 2 3 4 5 6 7 8 9 0 1 A Hammers Price Fixed Costs Quantity 90 91 92 93 94 95…
A: Fixed Costs: It is cost which remains constant. In the other words, It remains the same regardless…
Q: A computer company produces affordable, easy-to-use home computer systems and has fixed costs of…
A: We have data, of costs for a firm along with the level of production. Where the Fixed cost is $250…
Q: rhe most significant real economic cost of high unemployment is: a) the potential goods and…
A: The most significant real economic cost of high unemployment is:
Q: A firm gives electricity to the neighborhood. The firm buys two inputs: green energy (G) and fossil…
A: Given The production function of electricity: Q(G,F)=4(G+F) Where G: Green energy and F: Fossile…
Q: What event raises the equilibrium real interest rate and decreases the equilibrium quantity of…
A: Leftward shift in supply curve = Increase in price level and decrease in quantity. Rightward…
Q: Starting to Misbehave According to Thaler, what two things give economics its reputation as the most…
A: Monopoly is a situation where there is a single seller in the market. In conventional economic…
Q: Complete the following table for the consumption function: $600+ 0.60Y. (Round all answers to three…
A: Average Propensity to Consume = C/Yd Average Propensity to Save = S/Yd
Q: With respect to the economy depicted in the graph below: a b с Price Level (P) d P₁ Select an answer…
A: The AD-AS framework shows the relationship between price and real output in the short-run as well as…
Q: one yells of 30101 principle for the production context. Question Q1 Write the equimarginal
A: Allocation of grape production is 300tons The MC of Edna Valley=$2500 The MC of Cameros=$2100…
Q: 1) Find and draw the labor supply function. 2) Suppose that the government introduces a cash grant…
A: U(c,l)=log(c)+log(l) c = consumption level of the individual and l = leisure let, w= wage h=labor…
Q: The quantity theory of money. links total income to a country's supply of money is derived from the…
A: As per the quantity theory of money, the general value level of goods and services is relative to…
Q: . For a particular commodity, the supply and demands functions are given by S(q) = 2q, D(q) =…
A: The equilibrium is established where the demand and supply are equal. The consumer surplus the gap…
Q: Describe the four degrees of competition.
A: Market is the place where buyers and seller interact and exchange the goods and service at given…
Q: Using game theory, explain why a park in a neighborhood with many long time residents is usually…
A: Game theory usually helps in analyse how the individuals react in certain situations, given the…
Q: f.Elaborate FIVE (5) types of the international monetary system?
A: International monetary system is an operating system of the financial environment that consists of…
Q: The cost of Laboratory equipment is P 1,000,000.00 and the cost of installation and delivery charge…
A: Depreciation implies the falls in the value of fixed assets because of normal wear and tear, efflux…
Q: hat is a demand curve and a supply curve
A: Demand implies the quantity demanded at each price level. Supply implies the quantity supplied at…
Q: True or false with reasoning: 1) _______When we claim that utility can be ordinally measured, we…
A: The amount of one good that a customer can give up in exchange for more units of another good with…
Q: What is the metric designator for a raceway of trade size 3? C. 41 12 d. 78 21 a. 5.
A: Please check the step 2 for solution
Q: Which of the following is not a potential cause of an increase in the price of housing? Select one:…
A: Market price is determined where the demand and supply forces are equal. Change in the underlying…
Q: Capitalism encourages innovation and growth in the market, it is a system that stimulates innovation…
A: Capitalism is a system where capital goods are owned by businesses or private individuals. These…
Q: 3. In a Stackelberg game, what do we call the firm that moves first? What do we call the firm that…
A: Game theory is the game of strategy. Payoff matrix shows the payoffs of the players.
Q: A countercyclical variable is another term for an acyclical variable moves in the same direction as…
A: By definition countercyclical variables are inversely related with the state of the economy. Hence…
Q: Use the consumption function shown to answer the following questions. At what level of income is…
A: Consumption + Savings = Income Consumption Function: C = a + bY Where a is autonomous consumption…
Q: Suppose that a lumber-producing firm had a demand for the ability to burn sawdust given by: Q = 90-…
A: Demand is an economic idea that relates to a consumer's desire to purchase goods and services and…
Q: evolution of savings accounts, loans and online banking post COVID-19
A: Customers have grown even more reliant on web and mobile apps as a result of the mandatory…
Q: Ghana’s debt in order to meet IMF’s debt sustainability levels.
A: There are a number of options available to the Minister when it comes to restructuring Ghana's debt.…
Q: Refer to the figure. If the firm is in a competitive market. What will the firm do in the short…
A: A competitive firm is a price takers, they have no control over the market price. This is so because…
Q: When there are positive fixed costs, can the average variable cost curve and average total cost…
A: We have 3 different costs, ATC, AVC and AFC where ATC is the sum of AVC and AFC. Given that are…
Q: The supply curve of a human resource will be more elastic the a. easier it is to obtain the skill…
A: The idea of supply is used in economics to estimate the volume of a good or service produced by…
Q: 1) Consider the follows Projects: If MARR= 17%. Recommend the best choice based upon ROR analysis: C…
A: Given Cash flow Cash flow Year Project A Project B Project C Project D 0 -500 -1000 -800…
Q: The following graph shows the market for loanable funds in a closed economy. The upward-sloping…
A:
Q: c. If, in seeking to increase opportunities for lower income families, the government significantly…
A: At Equilibrium Wage, quantity demanded of labor will be equal to quantity supplied. Increase or…
Q: Calculate the elasticity of demand for the demand curve p = 100 - 2q at each of the following price…
A: To determine changes in the quantity required of a good as a result of price changes, the price…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- All Smiles Dental Clinic would like to develop a hygienistmaster schedule for the treatment of patients. Five full timehygienists are scheduled six days a week, and each hygien-ist can treat 10 patients per day. If the number of patientsexpected is greater than the hygienist capacity scheduled, additional hygienists may be hired on a daily basis from atemporary worker employment agency. The agency requiresone day notice. Based on your knowledge of MPS, completethe following prototype schedule shown in Figure 11.4827. Which of the four characteristics of general purpose technologies have the least impact on productivity.A. It must have a WIDE SCOPE for improvement and elaborationB. It must be APPLICABLE across a broad range of usesC. It must have a POTENTIAL USE in a wide variety of products and processesD. It must have strong COMPLEMENTARITIES with existing or potential new technologiesFlaherty Accounting Services pays $2,000 per month for a tax preparation software license. In addition, variable charges incurred an average of $9 for every tax return the firm prepared. (a) Determine the total cost and the cost per unit if the firm expects to prepare the following number of tax returns in March 2013: (1) 200 (2) 500 (3) 800 (b) Why does the cost per unit change in (1), (2), (3) of (a)? (c) The owner of Flaherty Accounting Services wants to earn a margin (excluding any other direct costs) on tax returns of $15,000 during March. If 200 returns are prepared, what tax return preparation fee should be charged? If that fee is charged and 800 returns are prepared, what is the margin in March?
- Sam lives in San Diego and operates a small company selling bikes. On average, he receives $694,000 per year from selling bikes. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $392,000. He also pays several utility companies, as well as his employees wages totaling $289,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $2,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Sam does not operate the bike business, he can work as a programmer and earn a yearly salary of $20,000 with no additional monetary costs, and rent out his storefront at the $2,000 per year rate. There are no other costs faced by Sam in running this bike company. Identify each of Sam’s costs in the following table as either an implicit cost or an explicit cost of selling bikes. Implicit Cost Explicit Cost The wages that Sam pays The…To automate one of its production processes, theMilwaukee Corporation bought three flexible manufacturing cells at a price of $400,000 each. Whenthey were delivered, Milwaukee paid freight chargesof $20,000 and handling fees of $15,000. Site preparation for these cells cost $45,000. Six foremen, eachearning $20 an hour, worked five 40-hour weeks toset up and test the manufacturing cells. Special wiring and other materials applicable to the new manufacturing cells cost $3,500. Determine the cost basis(amount to be capitalized) for these cells.discuss about negative impact in Cambodia's garment industry before Covid-19.
- Gooey Bites sells snack packs for $3 per pack. Variable expenses involved in producing snack packs are estimated to be $1 per pack and fixed costs for operating the production line are estimated to be $14,000. How many snack packs must Gooey Bites sell to break even? a. 14,000 b. 3,500 c. 4,667 d. 7,00038. Assuming a $7 per unit tax is imposed for the sole purpose of funding a specific government program to provide free economics education to all citizens, the true total cost of this program will be $______. a) 10 b) 12 c) 14 d) 16 e) 19 f) 28 g) 36 h) 48 i) 66 j) 70 k) 84Failure to comply with the CPD program under RA 10912 will automatically revoke the license of the CPA.
- Suppose that the repeated application of a pesticide used on orange trees causes harmful contamination of groundwater. The pesticide is applied annually in almost all of the orange groves throughout the world. Most orange growers regard the pesticide as a key input in their production of oranges. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.39. Which one of these is an example of a variable cost? a. None of the choices b. Rent c. Raw material expenses d. Depreciation costsQ5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?