A manufacturing plant that makes boomerangs has a fixed cost of $500/day and a variable cost of $40/hr for labor for the first 8 hours of production and $60/hr for each hour of production over 8 hours. Assume that the laborers are sent home after completing the required output and paid only for hours worked. If the output of boomerangs is 75/hr, what are the marginal and average costs per boomerang for producing:    450 boomerangs    525 boomerangs

Q: Discuss the role of trade policy in your daily life.

A: Trade refers to the activity in which different countries come together and exchange goods and…

Q: 1. Suppose the economy has fallen into a recession (output level ?0), and the federal government…

A:

Q: 2. Assume that individuals have the utility function over consumption (c) and labor (1) given by U…

A: The utility function measures the preferences of the set of goods and services.

Q: Question 1 In Ontario, the market for pop is controlled by Pepsi and Coke (we assume that consumers…

A: A monopolist maximizes its profits at the selling point where marginal revenue equals marginal cost…

Q: small beach are shown below. Market for Sunscreen Price (dollars per bottle)    Quantity of…

A: Equilibrium is achieved at a point where quantity demanded is equal to quantity supplied.

Q: How do countries benefit from FDI?

A: Foreign direct investment refers to the purchase of share of a company by a company or individual…

Q: A firm's demand curve for labor in a perfectly competitive marel is portion of its curve. Select…

A: Perfect competition is an ideal type of market structure where all producers and consumers have full…

Q: A bank quotes an interest rate of 4.5% per annum with quarterly (four times a year) compounding.…

A: a. The rate of continous compounding    = 4In1+0.0454   =0.045

Q: 2015 2016 2017 2018 2019 2020 GDP in Current US$ 18,238.30 18,745.08 3 21,433.22 (Billion) GDP in…

A: Solution- 2015- Nominal GDP per capita=Gross Domestic Product/Population…

Q: A report announces that people who golf at least three hours a day live longer. Soon after, demand…

A: In a market, two or more goods are related to each other when the change in price, demand or supply…

Q: Show the effect of diminishing returns on the marginal and average cost curves of a firm in the…

A: diminishing returns is a  financial regulation expressing assuming one contribution to the…

Q: Use the following to answer questions 5-6: Production Data for Baseball Bat Company Total output…

A: Diminishing marginal returns are set in when each additional labor hired leads to less extra output.

Q: What is “B.O.P”? Explain the importance of “Balance of Payments” to Managers of Public and  Private…

A: The term of bàlance of pàyment  (BOP), it has sometimes known as internàtional payment balance, is…

Q: Which of the following would1 the Qd of LF? Select one: O A. expected profit decreases. B. the real…

A: The loanable funds concept is a market interest rate hypothesis in economics. The interest rate is…

Q: What is the optimum level of production? Price Total cost 200 90 190 180 Quantity 180 170 160 150…

A: Optimum level of production is achieved when firm earn normal profit as in the case of perfect…

Q: a) Write the mathematical equation for each of these methods (PW, FW, AW,).

A: Engineering economics involves evaluating systems of the economic benefits of solutions that are…

Q: an increase in the expected real interest rate tends to raise desired saving, but lower desired…

A: The change in the expected real interest rate affects the level of saving and investment in the…

Q: You take out student loans to help pay for your degree at a 5% annual interest rate. Assume the bank…

A: A "real interest rate" is an interest rate that has been adapted to inflation. To work out a real…

Q: Which of the following would cause AD to shift inwards? Select one: a. a fall in the rate of…

A:

Q: A publisher plans to boost the sales of its most popular magazine by sending out promotional mails.…

A: Confusion matrix can be defined as the table that is used for describing the performance of a…

Q: Health care expenditures now account for about __________ percent of the American GDP.a. 5b. 10c.…

A: The United States spends the most on health among developed countries in terms of GDP percentage.…

Q: Discuss: What is the role of the monopoly? What is market classification and the cross elasticity of…

A:

Q: what is the issue of solvency with social security?

A:

Q: The Employment Act, of 1955 is the main legislation on labour matters in Malaysia. The Employment…

A: The Employment Act, of 1955 of Malaysia is the main labour rights concerning law of Malaysia which…

Q: Consider the following types of firms. For each one, the long-run average cost curve eventually…

A: The expenses that are being incurred for carrying out transactions of the business are known as…

Q: Mr. Jhonny bought a car worth P900,000 last January 1, 2000, and intend to sell it for P300,000…

A:

Q: Graphically illustrate the following curves with their corresponding label. a). A shift of demand…

A: [A&B]

Q: Maria loaned an amount of P100,000.00 payable in 15 equal quarterly installments. The first payment…

A: Cash flow is the inflow or outflow of cash into the business or outside the business. It means the…

Q: A recession is Select one: a. a rise in unemployment accompanied by a rise in inflation b. a…

A: Stabilisation of the economy is one of the core objective of government . Instability consists…

Q: Period Y K L Share of Labor in Output 1 100 200 100 0.5 1 106 205 102 0.5 3 111 210 104 0.5 4 110.5…

A: In period 1: Y = AKxL0.5100 = A*200x1000.5 Given A=1 100 = 200x*10200x = 10 x= 0.4346

Q: Suppose the government borrows $20 million more next year than this year. How does the elasticity…

A: [a] When there is the borrowing of $20 million by the government then surely the supply of loanable…

Q: Explain the inherent limitation that the power of taxation is an inherently legislative function

A: When a taxing agency, generally a government, levies or imposes a financial burden on its residents…

Q: Riley has invested P10,000.00, part at 5% and the remainder at 10% simple interest. How much is…

A: Let x be his investment at 5% and (10,000-x) at 10% simple interest Now, For 5% rate interest will…

Q: Determine the hourly cost of lubrication for a hydraulic excavator that requires the following for…

A: Total cost is the sum of fixed and variable costs.

Q: The long run average cost curve is U shaped because up to a certain point you have excess K/L and…

A: Total cost refers to the total amount of expenditure incurred by the firm ti produce the given…

Q: which is more important "Demand or supply"? How can we say that that the change in supply does not…

A:

Q: Suppose that we observe the following change in the international market for USD: USD B D Suppose…

A: The answer is - a. It would sell USD on the world market, causing the USD to depreciate

Q: A project your firm is considering for implementation has these estimated cost an investment cost of…

A: *Answer:

Q: QUESTION 16 Which of the following describes the breakeven point O a. total revenue explicit costs…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: When the price is below the equilibrium price, the quantity demanded is ______________, and the…

A: Quantity demanded is the total amount of a products  or service which is  demanded by the consumers…

Q: Discuss what is meant by a recessionary gap and an inflationary gap in the AD/AS model. Give…

A: Recessionary gap and an inflationary gap in the AD/AS model. The empirical conception of the GDP…

Q: e the following graph for a competitive market to answer the question below. The horizontal axis…

A: A price floor to be binding always set below the equilbirum price. The equilibrium price is where…

Q: When a firm buys a new computer increases, and when the firm gets rid of old computers d O…

A: Computers are bought by the firm so they are not directly used by the end consumer but they are used…

Q: Q)Suppose that a firm has only one variable input, labor, and firm output is zero when labor is…

A: PLEASE FIND THE ANSWER BELOW.

Q: Which of the following are ways for domestic governments to raise capital for spending? Please…

A: Government raises capital from various sources . Government spending is done for social welfare for…

Q: Consider the production function q = f(L,K) = ALªK®, where A, a, b are positive constants. For what…

A: The link between the amount of productive inputs (such as labour and capital) needed and the amount…

Q: Mr. Jones sells scrapbooking materials. He charges $20 per album and sells 120 albums month at this…

A: Total revenue = Price x Quantity = PxQ

Q: What is inter-temporal efficency and what are the equilibrium conditions for how resources are…

A: It refers to how current actions impact future options.. In theory, not consuming now may result in…

Q: Consider a trader i has following utility function: u;(x1, X2) = x† xª, 1-a where x; refers to the…

A: Introduction Here utility function of a trader has given. Utility function of a trader: ui ( x1 ,…

Q: A Project Manager for a construction company deposited $125,000 every 3 months into an investment…

A: Calculation of interest rate = (1.05-1)*100 = 2.47%