A perfect competitive firm has a long-run cost function, C(q) = 8q2 + 200. In the long run, this firm will supply a positive amount of output, as long as the price is greater or equal to
Q: Price Ali Kelly Jessie Market 4.00 4 0 1 3.00 8 2 2 2.00 12 4 3 1.00 16. 6 4 Quantity Supplied By:…
A: *Answer: Market demand is the sum of individual demand at different prices. Market supply is the…
Q: Suppose that your demand schedule for CD is as follows: Price Quantity demand (income =$10 000)…
A:
Q: 2. Models of inventory systems frequently consider the relationships among opening stock, production…
A: (a). Ending inventory for period j = closing stock from the previous period (beginning inventory for…
Q: On August 8, 2000, Zimbabwe changed the value of the Zimbabwe dollar from Z$38∕US$ to Z$50∕US$.…
A: The exchange rate is the rate at which one currency is exchanged with the other. We have been given…
Q: The following function relates price to quantity demanded: price = 100 - 3q And note that when price…
A: Price elasticity of demand is a measurement of how a product's demand changes in response to price…
Q: If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have…
A: Given information: Simple discount note for 75 days The discount is $150 Proceeds are $11850 and…
Q: Discuss any three functions of Money?
A: Money is a general economic medium which is used to carry out transactions in an economy and express…
Q: A carpet company advertises that it will deliver your carpet within 15 days of purchase. A sample of…
A: The level of significance is defined as the likelihood of wrongly rejecting the null hypothesis when…
Q: In a market for kitchen bags, the highest price consumers are willing to pay is $ per pack and the…
A: In a monopoly, Firm produces unique product so it has full control over the market price. A…
Q: Maya would like to borrow $4500. Her bank offered her a two-year personal loan with monthly…
A: Hi! thanks for the question but as per the guidelines, we answer only one question at one time.…
Q: To answer this question please refer to chapter 13, "Development Economics: The Wealth and Poverty…
A: Charles Wheelan's Naked Economics:Undressing the Dismal Science is a simple book to understand the…
Q: 3. The nominal exchange rate is e=48 peso per USD. The price of a Big Mac is P=$3 in the U.S., and…
A: The (NEER) stands for nominal effective exchange rate and signifies an unchanged weighted average…
Q: Solve and analyze the following problems. Make sure all steps are properly justified. Correctly uses…
A: The equilibrium is established where the demand and supply are equal. Pd =PS.
Q: A government should implement profound reforms to the labor market, complementary to the elimination…
A: The basic requirement a producer needs is labour and capital. Here the labour is the variable cost…
Q: Under the economic interest theory of regulation, state and discuss the factors that determine…
A: Any alliance of persons or groups, generally formally constituted, that strives to influence public…
Q: Create line chart for quarterly data for 2019 to 2021 of inflation of qatar In 2019 inflation rate…
A: 2019 Qatar
Q: P&G 1.10 1.20 1.30 1.10 -226 -215 - 204 1.20 - 106 - 89 -73 1.30 -56 -37 - 19 1.40 -44 -25 -6 1.50 -…
A: The prisoner's dilemma is a decision-making paradox in which two people acting in their own…
Q: 33. The chart below is the prodution cost of US. and UK. U.S. U.K. Wheat (bushels/labor hour) 6 1…
A: Comparative advantage is the basis for international trade.
Q: A firm encountering ● economies of scale over some range of output will have a: rising long-run…
A: Economies of scale are cost benefits harvested by organizations when creation becomes productive.…
Q: John plans to make 10 equal annual deposits starting one year from now into a fund that pays an…
A: Let the John annual deposit starting one year from now is A i =10% The cashflow diagram is shown…
Q: Assume that a small open economy is currently running a current account surplus. A) On a graph, show…
A: An open economy is one in which goods and services are freely traded with other countries. A small…
Q: If the law of diminishing returns did not hold, we can produce a the food the world needs in one…
A: In economics, diminishing returns is the decrease in marginal output of a production process as the…
Q: Which of the following statement(s) on return predictability are correct: 1. Present value…
A: At the market place, uncertainty and predictability are the special events that allows people to act…
Q: What is an "open access resource"? Why do open access resources often exhibit what is known as the…
A: open access asset:- Open access asset is a decent or administration over which no property…
Q: Identify and explain the three stages of the J-curve adjustment path of the trade balance adjustment…
A: Devaluation of currency does not improve trade balance initially. it helps to improve the trade…
Q: Conduct the PESTLE analysis for the company "Under Armour".
A: A PESTLE analysis studies the key external factors (Political, Economic, social science,…
Q: Given the following parameters: Perfect Competition in Output Market Perfect Competition in Labour…
A: The wage is determined by the market forces of demand and supply. The equilibrium wage is equated…
Q: 2. With lower fuel costs, an airline lowered its average traveling cost from $1.50 to $1 per…
A: Given : change in price from $1.50 to $1 per passenger mile. Change in number of passengers : 400…
Q: ements. utes. substitutes
A: In economic aspects, products are things that add some sort good for the existences of individuals…
Q: Suppose an economist develops an international trade model based on the assumption that there are…
A: The Ricardian model shows the likelihood that industry in a created country could contend with…
Q: ich of the following would be true in a typical PPF curve? The resources needed to make both goods…
A: The production possibility frontier shows the different combination of two goods that can be…
Q: 3) a) Discuss the phrase there ain't no such thing as a free lunch (TANSTAAFL) in the context of…
A: When choosing between two possibilities, a person, an investor, or a firm may suffer opportunity…
Q: demonstrate and explain how costs concepts help in managing production between the shortrun and…
A: When businesses change output levels over time in response to anticipated economic gains or losses,…
Q: A10
A: Keynesian theory predicts that the economy is below the full employment level of output. The economy…
Q: 4. Analyzing the effects of a trade deficit You have just been hired by the U.S. government to…
A: The foreign exchange market is an over-the-counter (OTC) marketplace that decides the exchange rate…
Q: Problem 4. The price is a function of demand given as p(q) = 2.5 In (300). Use the elasticity…
A: Given Demand equation: p(q)=2.5ln300q .... (1) We have to find revenue-maximizing…
Q: Gamma and Zeta are the only two widget manufacturers in the world. Each firm has a cost function…
A: We have here:- Total cost=TC=10+10q+q2 Inverse demand function=P=100-Q=100-q1-q2 marginal…
Q: change to monetary policy. Businesses pay must rise, at least in the short run, if inflation…
A: Inflation is the market situation when general price level or market value of goods and services…
Q: In 2019 Country A had a current account deficit of $1.2 billion. CountryA's capital account was in a…
A: Current Account is the account which show the value of export and imports done by country in a…
Q: With respect to environmental regulations, there is a conflict between the middle- and low-income…
A: Environmental regulations are complex indisplinary efforts to protect the environment from problems…
Q: If the economy of a country can be summarized to the following events on a given year. Price per…
A: GDP (Gross Domestic Product): It refers to the gross domestic income of the society. The increase…
Q: (3) Given the equilibrium price and demand (denoted by Po and Qo), the consumer surplus (CS) is…
A:
Q: (A). In the 1970s when the Bank of England used monetary policy to trade off higher inflation for…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Market price before tax was $1. After the tax, the price paid by buyers rose to $1.20 and the price…
A: Elasticity = % Change in Q / % Change in P
Q: Up Down Up Down Player 1 In the game above, what is/are the sub-game perfect Nash equilibrium?…
A: We have sequential move game, where Player 1 moves first and then player 2 moves.
Q: A. Define the necessary variables to determine the amount of Baseball, Seafood, and Technology to…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: ow has the development of capitalism influenced what became the United States from Contact to the…
A: Since the breakdown of feudalism, capitalism, also known as free market economy, has been dominant…
Q: In a small open economy, if domestic saving equals $50 billion and domestic investment equals $50…
A: Given: Savings = $50 billion Investment = $50 billion.
Q: There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where x₁ measures the number…
A: Indifference curve:- An indifference curve can be explained as graph that shows a group of…
Q: define the terms of trade?what is principle of comparetive advantage
A:
3
Step by step
Solved in 2 steps
- you are the manager of a firm that sells its product in a perfectly competitive market at a price of $60. Your firm's total cost function is C= 50 + 3Q 2 and your firm's marginal cost function is MC = 6Q. What level of profits will you make in the short-run?a perfect competitive firms has the following total cost function: total output : 0 1 2 3 4 5 6 7 total cost : 20 30 42 55 69 84 100 117 how much will the firm produce if the price of the production the market is RS. 14 per unit? how will it change its output if price rises to RS. 16 per unit?The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, including firms, is possible. We have identical firms, each with a Total Cost curve of TC=712+q^2 and Marginal Cost curve MC=2q. Market demand is Q=895-2P. What is the long-run equilibrium market price? Enter a number only, drop the $ sign.
- A perfectly competitive firm has the following total cost function TC=10+20². The price is given at P=4. What is the optimal quantity for this firm? The optimal production is Q=1 B The optimal production is Q=2 This firm should not produce since it incurs in losses for the optimal production D The optimal production is Q=4.You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 50 + 3Q2. What are your firm's maximum profits?A9. A firm in a perfectly competitive market has a short-run total cost function equal to SRTC=4+20q, where q is the number of units the firm produces. The firm faces a market price of $10. Enter the optimal number of units should this firm produce to profit maximize?
- Assume the following total cost schedule for a perfectly competitive firm. Output TVC TFC 0 0 100 1 40 100 2 70 100 3 120 100 4 180 100 5 250 100 6 330 100 The total cost of producing 6 units of output is __________________ If the firm is producing at an output level of 2 units, the ATC is _____________ and the AVC is ______________ The profit-maximizing firm would shut down in the short run if the market price of its output dropped below ___________________ At what price would a profit-maximizing firm earn zero economic profits? _______________The perfectly competitive firm has the following cost function: Total output Total cost 0 20 1 30 2 42 3 55 4 69 5 84 6 100 7 117 How much will the firm produce if the price of the product in the market is rs. 14 per unit. How much it changes its output if the price rises to rs.16 per unit?A perfectly competitive firm has the following total cost function: 05 Total output Total Cost 0 20 1 30 2 42 3 55 4 69 5 84 6 100 7 117 How much will the firm produce if the price of the production the market is Rs. 14 per unit? How will it change its output if price rises to Rs. 16 per unit?
- A perfectly competitive firm has the following total cost function: Total Output(Units) Total Cost(₨)0 201 302 423 554 695 846 1007 117 How much will the firm produce if the price of the product in the market is ₨ 14 per unit? How will itchange its output if price rises to ₨ 16 per unit?The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, including firms, is possible. We have identical firms, each with a Total Cost curve of TC=257+g^2 and Marginal Cost curve MC=2q. Market demand is Q=797-2P. If the Fixed Cost increases by $10, what is the short-run market price?A firm in a perfectly competitive market has a short-run total cost function equal to SRTC=4+20q, where q is the number of units the firm produces. The firm faces a market price of $10. Enter the optimal number of units should this firm produce to profit maximize? Hint: this could be considered a "trick question", but it's easy once you think about the way a firm should profit maximize.