A competitive firm faces the following market price: P=200. Variable costs are C(Q)=Q^2. The firm also pays $17000 in costs that do not depend on production (even if q=0). Hint – marginal cost is M

Q: Consider the following investment: Initial cost = $150,000. Annual revenue = $50,000, Annual…

A: Given,  Initial Cost : $150,000Annual Revenue : $50,000Annual Expenses : $15,000Total cashflow :…

Q: Data from The Economist BigMac index from January 2021 shows that the local price of a Big Mac in…

A: The PPPR computed Currency X = Currency Y *(adjusted to value of volatility) We have, Denmark Big…

Q: 3. If we place a price ceiling of $3, do we have a surplus or shortage? By how much? Label producer…

A: Equilibrium is achieved at the output level where Qs equals Qd.  Thus required equilibrium output is…

Q: 11) what is the equilibrium output and price?

A: Equilibrium is the point where the objectives of all producers and the consumers are satisfied and…

Q: MC Price $20 АС 15 12 10 E 6.15 5 - 33 54 68 10 20 30 40 50 60 70 80 90 100 Quantity This…

A: "In the long-run, the competitive firm operates at a point where price equates the minimum of the…

Q: Please solve 4th,5th,6th Suppose the world price for a good is 100 and the domestic demand-and…

A: Given that, World price = $10] Demand: P=160-Q Supply: P= 10 + 15Q c.  Before imposed 10% tariff…

Q: Distinguish Nominal GDP and Real GNP with example?

A: Economists use real GDP rather than nominal GDP to measure economic health because real GDP is…

Q: Question 5 Describe what is meant by a learning curve. Provide a simple illustration of a 70% and an…

A: Learning is essential for anyone's skill or knowledge to grow, develop, and extend.As a result,…

Q: Identify innovation strategic moves and competitive positioning open to samsung.

A: Samsung provides huge varieties of products and differentiated product is the result of continuous…

Q: A start-up mobile phone manufacturer who produces mother boards has fixed costs of $320,000 per year…

A: Production Cost refers to the money spent by producers on factor inputs like land, labor, and…

Q: There are ... . interest rates in the IS-LM model without the rest of the world. Select one: A. two…

A: IS curve shows the inverse relationship between interest rate and quantity of goods and services.…

Q: U.S. aggregate demand and long-run aggregate supply decreased during the Great Recession. This…

A: Great recession is a situation in which the demand and supply decreased to its lowest point.

Q: The price-demand equation, D(x), and the price-supply equation, S(x), of a Slow Cooker are given…

A: Since you have posted a question with multiple subpart, we will solve first three subpart for you.…

Q: Green is a business selling worm farm start-up kit for $12 each. This year, Go Green's fixed cost…

A:

Q: In the following mergers with a merger type and, for each, explain why Types: Horizontal, vertical,…

A: A merger is the merging of two businesses into one, either by closing the old businesses and…

Q: Identify the following interest rates as nominal or effective: (ABET, SO1) A: 1%= 6% per semiannual,…

A: When comparing the nominal interest rate and effective interest rate, the primary difference between…

Q: Explain three (3) factors why countries would want to join a Single Currency area

A: A single currency is a point at which various nations consolidate their monetary forms into one…

Q: Use the production possibilities table below to answer the following question. Assume constant…

A: A country or an individual is said to have an absolute advantage if it can produce more of a good…

Q: Suppose the economy has been at full employment for the past two years with a 4 percent inflation…

A: GDP is the value of final goods and services produced in the country within a given period of time

Q: Question 4 (CLO4): Problem solving A. A rise in the price of coffee from S 1.5 to $2.8 results in a…

A: A) "Cross-price elasticity of demand between two commodities measures the percentage change in…

Q: Nursing Should public funding be used for prevention programs if money could be saved in the future?

A: Being a part of system-wide efforts to focus on what works best is what prevention entails. This…

Q: Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school…

A: The market model is used to show how supply and demand interact to determine prices and the number…

Q: Explain the LM schedule, and how the LM curve is derived in a Closed Economy

A: The LM schedule (curve), also known as the money market equilibrium schedule, depicts all interest…

Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC = 20,000q-…

A: LMC is the marginal cost which is the change in total cost by producing an additional unit of output…

Q: An economy consumes 1 million chickens each year. A new technology in raising chickens lowers the…

A: The GDP that is saved instead of spent in an economy is referred the be as national saving. It is…

Q: What is the difference between a change in demand and a change in quantity demanded?

A: "Demand curve for a product indicates the negative relationship between price and quantity demanded…

Q: In long-run equilibrium, the marginal social cost exceeds the marginal private cost, but the…

A: Oligopoly is a market with few large firms selling homogeneous or differentiated goods

Q: A start-up mobile phone manufacturer who produces mother boards has fixed costs of $320,000 per year…

A: Variable costs will be costs that change as the amount of the great or administration that a…

Q: Total Revenue Change in profit (£) Total Marginal Output (Units) Profit Marginal cost (£) cost (£)…

A: Marginal revenue is the additional revenue earned by selling an additional unit of output. Marginal…

Q: Demand theory is an economic principle relating to the relationship between consumer demand for…

A: Answer: Introduction: Leisure or tourism sector: tourism refers to traveling and visiting other…

Q: A firm has fixed costs of $100 at 10 units. If its variable costs at 15 units are $100, what must…

A: Total cost is the sum of Fixed cost and variable cost. Fixed cost remains same irrespective of…

Q: What is the goal of a firm?

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: 1. Due to the creation of the multiverse, two parallel universes, Universe 30.13 and Universe 30.14,…

A: Gini index is the area between the uniform  equality line and the Lorrenz curve .  Area under…

Q: explain the measures companies could take to overcome trade barriers

A: Trade barriers are the agreements or policies between two or more nations to limit imports and…

Q: What is the present worth of a 3 years annuity paying P 3,000 at the end of each year with interest…

A: When you earn interest on the principal amount of an investment, it is added back to the principal –…

Q: QUESTION 17 If a company increases production from 1000 to 2000 units and total cost increase from…

A: Q17) "Marginal cost of production is obtained by dividing the change in total cost by change in…

Q: Jimmy just graduated from a top medical school and is currently deciding which  hospital emergency…

A: Unemployment refers to the state in which a person does not have any job even though he is actively…

Q: Discuss the importance of services to the economy

A: The economy of a country can largely be divided into three broad categories which include primary…

Q: A firm operates in a perfectly competitive market and is producing at the profit-maximizing output.…

A: In a perfectly competitive market, there are many firms producing identical goods. Firms do not have…

Q: Stock Market Prices: Demand and supply in Action Firms that are quoted on the stock market can raise…

A: A stock market, sometimes also known as an equity market or a share market, is a place where buyers…

Q: The standard consumer choice model assumes that preferences are such that the marginal rate of…

A: Since you have asked multiple questions we would be answering the first one for you. To get the…

Q: Industrialization should start from a sound agricultural base. Why? What can be a contribution of…

A: When talking about agriculture and industrialization, it can be said that agriculture is the primary…

Q: QUESTION 14 When there is a technological advance in the cheese industry, consumer surplus in that…

A: Q14) "Consumer surplus reflects the difference between the buyer's willingness to pay and the market…

Q: Explain how the development of railroads led to the integration of global wheat markets in the…

A: Main rationale for Market Integration: A market (rather than coordinates) is used to bridge the cost…

Q: Firm 1 has £10,000 to invest. Firm 2 offers Firm 1 the following proposal: invest £10,000now and get…

A: A technique that is used to assess the current worth of all future cash flows produced by a project,…

Q: Evaluate the impact of COVID-19 pandemic on the performance of UK supermarkets. Performance should…

A: Uncertainty is described as the situation which has no probability of prediction. It is a situation…

Q: When considering the situation of a large financial firm that might be bailed out by the taxpayers,…

A: The principal-agent problem is contention in needs between the proprietor of a resource and the…

Q: Show me how to arrive at Average Variable Cost?

A: Total variable cost varies with the level of production.

Q: 1. A tax imposed for the general purposes of the government to raise revenue for the local area…

A: tax collection, the burden of mandatory tolls on people or elements by state-run administrations.…

Q: A firm has two opportunities for a new plant location, one is in China and the other is in Mexico.…

A: A firm has two opportunities for a new plant location, one is in China and the other is inMexico The…