Q: 1. Where does the government get most of its money? a. It prints money b. It sells land c. Taxes d.…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: In the game shown above, list all of the Nash Equilibrium (please check ALL that apply)
A: The strategic interplay of economic agents is modeled using game theory. One of the most important…
Q: 11. The production of products. requires that manufacturers truthfully label all raw materials used…
A: In the market, government intervenes to restrict the unfair and fraudulent activities of the market…
Q: 24) In the simple Keynesian model, if there is an autonomous investme falls by $20 billion and the…
A: The investment is the summation of induced investment and autonomous investment. The autonomous…
Q: 9. The type of job shop where customers arrive at the firm to place orders for the same typ of…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Complete each statement. 9. Before an entrepreneur can open the doors of a business, he or she must…
A: An entrepreneur is the person who enters into the market with something new in terms of product,…
Q: Consider the economies of Tralfamadore and Sporon, both of which produce agricultural products using…
A: Real GDP refers to the measure of a country's gross domestic product that has been adjusted for…
Q: In a perfectly competitive market, one of the following answers is correct with respect to the…
A: A perfect competition marketplace is one in which multiple enterprises compete to sell the same…
Q: A monopolist operates under two plants, 1 and 2. The marginal costs of the two plants are given by…
A: The marginal costs of the two plants are given by MC1 = 20 + 2Q1 MC2 = 10 + 5Q2 Since, Q = Q1 +…
Q: How did you arrive at the new unit productivity percentage of 17.75?
A: Introduction The productivity of a production system is similar to the efficiency of the production…
Q: Explain with the support of graph(s), demand-pull and cost push inflation
A: The rate at which prices rise over time is referred to as inflation. Inflation is typically defined…
Q: A payment of $13,000 is due in 1 year and $10,000 is due in 2 years. What two equal payments, one in…
A: Using the end of 4 years as a focal date means values of all the cash flows should be calculated for…
Q: Which of the following are true of capital as a determinant of economic growth? Check all that…
A: Real GDP means the GDP at base year price . it is the indicator of social welfare., where GDP means…
Q: An analyst engineer of the company S&S Bakery has estimated the presented FEN (NET CASH FUND)…
A: A payment or stream of payments that will be received in the future has a present value that is…
Q: Which of the following is true of Common Sense? A. It called on the patriots to accept Parliament’s…
A: In the years 1775 and 1776, Thomas Paine penned the pamphlet titled "Common Sense," which consisted…
Q: Consider the four stock market liquidity dimensions (width, depth, immediacy and resiliency). Which…
A: In the stock market, there are generally four liquidity dimensions used by the people to make an…
Q: Aggregate demand ________ and shifts the AD curve ________ when ________. decreases;…
A: Answer: The aggregate demand falls when the components of aggregate demand such as consumption,…
Q: Some people claim that degrees in liberal arts do not really train students for the job market.…
A: When talking about the degrees in liberal arts, it is given that these degrees do not add the…
Q: 3. Two sets of cash flows are shown in the table below.. Year 0 1 2 3 4 Cash Flow, Series I $125…
A: We have given two cash flow series which are equivalent to each other at an interest rate of 8%. We…
Q: 9- If you have the following information: EPO(q1+q0)9000-9 EP1(q1+q0)=45000 And, the of the index…
A: Given Information: ∑P0q1+q0 = 9000∑P1q1+q0 = 45000
Q: These are defined as things with three or more years of useful life: O Durable goods O Services O…
A: The exchange of goods and services involve the use of money. Money is used as a medium of exchange…
Q: In general, the pay level of medical doctors is higher than that of janitors. How can the difference…
A: Labor markets run on the supply and demand of labors. In economics,labor market plays an important…
Q: A firm uses labor (L) and capital (K) to produce rocking chairs (Q) with the following production…
A: Short-run: - it is a short time period in which some factors of production are variable and some are…
Q: The new country joining the EU at the beginning of 2014 is: a. Slovenia. b. Latvia. c. Slovakia.…
A: EU stands for European Union. It is the economic and political union of 27 countries of Europe.
Q: Russia demands payment in the rouble, which is Russia's currency, for Russian gas instead of US…
A: Russian gas must be paid in roubles, Russia's currency, rather than dollars.
Q: Which of the following is true for limit orders? a. They face adverse selection risk from noise…
A: In a market limit orders refers to the situation when brokers ar wallowed to exchange stocks and…
Q: What type of unemployment is each of the following? A high school graduate looking for her first…
A: The measure that depicts people who are able and capable to work but unable to find suitable jobs is…
Q: From the following cash flow diagram of nine years and 10% interest $1200 $1200 $1200 Problem 1.0…
A: Present value is the value of future cash payments discounted at a market interest rate. The present…
Q: A6. Which of the following provisions can an insured use lo pul a policy in force that has lapsed…
A: Insurance: - it is an agreement between the policyholder and the insurer to pay a certain sum of…
Q: You need to take a trip by a car to another town that you never visited before. Therefore, you are…
A: Network model can be understood as totality of nodes and arcs. It is considered as a flexible model…
Q: Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling…
A: DS=226-0.60PS+0.35PH DH=280+0.10PS-0.64PH
Q: For the cash flow diagram shown, solve for F, using an interest rate of 1% per month. F=? 19/
A: Given the values: Interest rate per month = 1% Annual interest rate = 1 + 1%12-1=1 +…
Q: Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: One of the lessons of economics is that “there is no such thing as a free lunch.” This means that…
A: Trade-offs are everywhere in the Economy because all the resources are limited in quantity and wants…
Q: (a) Define the following terms: (1) Absolute advantage; (2) Comparative advantage. Consider the…
A: Absolute advantage refers to the ability to produce more goods using same resources or same quantity…
Q: For Questions 1.a. and 1.b., consider the simultaneous game described in the table below. Column…
A: Here, the given payoff matrix shows the outcome of row and column on different situations.
Q: Consider the following estimated model Ipassen 8.26-0.6131fare +0.142 ldist, (0.078) (0.040)…
A: We have regression model where dependent variable is regressed on independent variables.
Q: "If taxes and government spending are reduced by the same amount, there will be no effect on…
A: The multiplier for expenditures The expenditure multiplier, which depicts how changes in autonomous…
Q: Imagine a firm in a perfectly competitive market has the short run cost function SRTC=200+10q+0.5q2,…
A: Short-run total cost (SRTC) The SRTC is a cost in the production process that has a short-term…
Q: Write a short essay (max 150 words) analyzing the following. The US has been maintaining a current…
A: Current account The balance of payment is the statement that shows the money flow of the country.…
Q: Use the following diagram for a monopoly to answer the questions. Price and cost per unit MC $30 ATC…
A: The monopoly market is characterized by the presence of single firm. The single firm is price maker.…
Q: margin easons, the government has imposed restrictions that permit a maximum of five firms to…
A: An oligopoly is described as a market formation with few firms and barriers to entry. Oligopoly = A…
Q: The act that requires those who give credit to reveal all the terms and conditions of their credit…
A: Federal government has made several rules and acts to protect the interest of consumers. The…
Q: What can nonstore retailers offer their customers that in-store retailers cannot?
A: Non-store retailers are those retailers that sell their products or services outside a retail store,…
Q: 11 A trader has an absolute advantage in orange production if his unit-labor requirement in…
A: Productivity refers to the ability to produce goods and services with the given resources and…
Q: The Federal Reserve determines that the equilibrium level of output is above full employment and the…
A: Federal reserve is the central bank who regulates the supply of money in the economy.
Q: Discuss how MDGs and SDGs are integrated into the economic planning of Bangladesh.
A: Often we come across statements citing MDGs as a synonym for SDGs. But factually both are the…
Q: If P385,941 is deposited at a rate of 12.27% compounded semi-annually, what is the compound interest…
A: The amount deposited is compounded semi annually, that is twice a year.
Q: Please explain briefly the concepts of risk aversion, utility, and certainty equivalent. What is the…
A: The concept of risk refers to that situation where an individual is uncertain about the outcome of…
Q: On the day his grandson was bom, a man deposited to a trust company a sufficient amount of money so…
A: A loan that you reimburse with one single instalment toward the finish of a predetermined timeframe…
Step by step
Solved in 2 steps
- Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredprofit: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a profit of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired profit. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000a. If Total Revenue (TR) = 5900Q – 10Q2 and Total Cost(TC)= 2Q3 – 4Q2 + 140Q + 845. Determine the level of Profit at Q=30. b. What is theoretical relationship between Marginal Cost and Average cost. c. Define and Explain the optimization tool i.e. Total Quality Management with example from real world.
- Zodiac Furniture is considering the production of anew line of metal offi ce chairs. Th e chairs can be producedin-house using either process A or process B. Th e chairs canalso be purchased from an outside supplier. Specify the levelsof demand for each processing alternative given the costs in thetable. Fixed Cost Variable Cost Process A $20,000 $30Process B $30,000 $50Outside Supplier $0 $50. The cost of a window air conditioner was $350. During a spring promotion, the selling price was reduced by $150. The required overhead expenses and operating profit for the air conditioner are 25% and 15% of selling price respectively. a) What is the regular selling price? b) What is the break-even price? c) What is the profit (loss) at the sale price? 3. Frigid Boards purchases one of its snowboards for $395 less a retail trade discount of 15% and a loyalty discount of 4%. Its markup on selling price percentage on all snowboards is 21%. At the end of the season, any leftover snowboards are marked down by 10%. What is the sale price of snowboard?Ain a community of 10000 people, each is willing to pay Ksh 10 for each well dug. The cost of digging the wall is is given by C= Q2+20Q. Calculate the pareto efficiecy number of wells to be dug. If the government want to dug the well at a minimal cost, how many walls will it dig and how much will it spen if the projet is given to a private, profit making organization, how many well would the firm dig?
- QUESTION 21. Mr. Jack is in the process of expanding his manufacturing business. He decided to opena plant in the coming year. He has four locations in mind. The costs information forthese locations is in the following table.Locations A B C DFixed Costs 60,000 80,000 100,000 130,000VariableCosts/unit 30 20 15 10a.ii. Draw the total costs lines for each location on the same axes. (Use output rangesof 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axisProblem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…A company is negotiating a contract to sell wooden boards overseas. The fixed cost that canbe allocated to the production of boards is $800,000 per month. The variable cost perthousand board feet is $155.50. The price charged will be determined byp = $600 − (0.5)D per 1,000 board feet.(i) For this situation, determine the optimal monthly sales volume for this product andcalculate the profit (or loss) at the optimal volume.(ii) Calculate/Identify the range of profitable demand during a month.
- The cost, in millions of dollars, of building a three-story high school in NewYork State was estimated to be: 2C x x x x 1.7 0.14 0.0001 20 400where x is the number of thousands of square feet. Suppose that you arecontemplating building a for-profit three-story high school and estimate thatyour total revenue will be $0.2 million dollars per thousand square feet.(a) What is minimum area for a three-story high school in New YorkState, that this model covers? (b) What is the variable cost of building a three-story high school in NewYork State? (c) What is the fixed cost of building a three-story high school in NewYork State? (d) Determine the profit function,P x( ), for building a three-story highschool in New York State? . (e) Determine,P(250) , for building a three-story high school in New YorkState, and interpret the result. (f) How many thousands of square feet should a three-story high schoolbuilding in New York State be in order to break even?The operating budget of the Western Robotics Company was $300 million last year. If the operating budget this year is 12 percent less than last year, what is this year’s operating budget? Answer $_______ million.Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?