A store sells two types of computer sleeves, A and B. The weekly demand and cost functions are Турe A: p3 330 + 4х-12у Туре B: q %3D 250-5х + 2у Cost Function: C(x, y) = 40x + 80y + 1500 II where p pesos is the price of Type A, and q pesos is the price of Type B,
Q: Let's assume you’ve found the following labor demand and supply curves: Lp = 30 – w Ls 2w (a) Solve ...
A: Given Labor demand LD=30-w ... (1) Labor supply LS=2w ...
Q: ind the uniform annual amount that is equivalent to a uniform gradient series in which the first year...
A: We have given a problem of uniform gradient series Where F1 =500 and G=100 Annual interest rate i =...
Q: Question 6 Suppose that an economy is currently in its long run equilibrium. Suppose that the govern...
A: The AD–AS model, also known as the aggregate demand–aggregate supply model, is a macroeconomic model...
Q: The following graph is the respective production possibility curves for the USA and South Korea. It ...
A: Answer -
Q: A) a speCITIC brand of cereal B) cereal C) breakfast food O D) food
A: Which good has the most elastic demand.
Q: What term accurately describes demand when the quantity demanded is NOT very responsive to ch O unit...
A:
Q: Suppose, the people in country X consumes good A, good B, and good C. In 2020, 17 units of good A wa...
A: Consumption expenditure includes all the consumption of goods and services within the country whethe...
Q: Given the existing problems with its airbag system, Honda Motors has experienced a decline in sales...
A: An airbag is a driver and passenger system in a car that uses a bag that inflates and deflates quick...
Q: Refer te fgure 7: iElass, we discusssd ths evelution of the grewth rate ef Y.S Feal SBB ESpecially w...
A: The Great Moderation from the mid-1980s to 2007 was a multi-decade period of low inflation and posit...
Q: our first job after graduation is in the statistical office of the small country Exemplia, where mos...
A: Given: 2020 2021Price Quantity Price QuantityOlives (domestic consumption) 2 2,000 2.20 2,100Olives ...
Q: Supply of construction workers in a small town is given by Qs =W- 10, and demand for construction wo...
A: We know that at equilibrium demand for labour and supply of labour are equal at certain wage rate l...
Q: What is the accumulated amount of a 8-year annuity paying P 4,300at the end of each year, with inter...
A: In the question above, it is given that : Principal = P 4300 Rate of interest = 4% = 0.04 Time peri...
Q: The first cost is $300,000; the annual operating cost is $40,000; the annual labor cost is $60,000. ...
A: Below is the given values: First cost = $300000 Annual operating cost = $40000 Annual labor cost = $...
Q: Quantity fer to Figure 6-1. What area identifies the consumer surplus created when the market price ...
A:
Q: nuts, if the quantity demanded changes by 10 percent when the price of peanuts rises by 50 percent. ...
A: given rise in price = 50 % %age change in quantity demanded = -10 %
Q: The graph shows the demand curve for wallets and the market price of a wallet. 18.00 Vhat is the con...
A: The consumer surplus is the difference between the maximum price consumer wants to pay and actual pr...
Q: Professor Steven and Professor John are going to produce a new introductory textbook. They face the ...
A: Given: Production Function: q=S1/2J1/2 Number of hours spent by smith (S)=900 Smith's value of worki...
Q: The graph shows the domestic demand and domestic supply for soybeans. Assume this country is open to...
A: Answer: If the tariff of $10 is imposed then the world price will increase by 10. According to the ...
Q: Explain which of the following must have happened between those weeks for Paul’s optimal bundle to ...
A: Answer -
Q: Question 1 (2 points) Given the following data, what is average labor productivi Real GDP/person $50...
A: Labor productivity refers to total output divided by number of labours employed
Q: Question 27 GDP is not a perfect measure of well-being; for example, O GDP incorporates a large numb...
A: The answer is - Option 2: GDP fails to account for the quality of the environment.
Q: Table 2: Quantity demanded and supply for a given market Price Quantity Quantity Demanded Supplied $...
A: Given information extracted from the table:Equilibrium quantity = 30Equilibrium price = $6
Q: According to the AD-AS model, which of the following would happen as a result of a negative supply s...
A: Supply shock is situation where there is sudden increase or decrease in availability of goods more o...
Q: 1. DOES CONSUMER SURPLUS GO UP OR DOWN? 2. DOES PRODUCER SURPLUS GO UP OR DOWN? MPCO (So) 3. COMMENT...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: I REALLY NEED HELP
A: Answer: Due to the policy of nationalization investors' confidence will decline and they will move t...
Q: Question 9 0/ 10 A computer printer sells for $376 after a 12% discount. What was its original (list...
A: Computer printer sells for $376 after 12% discount. Hence the original price = 376+12% ...
Q: Really need some help answering these questions, it’s all one problem but I understand that it’s kin...
A: Solution: Consumer 1: U(x1, x2) = x1 x2
Q: III. A monopolist faces the demand curve Q = 500 – P, where Q is the output of the firm and Pis the ...
A: Lets us first find out the inverse demand function Demand Function = Q = 500 - P Inverse Demand Func...
Q: A pizzeria, which operates in a perfectly competitive hospitality market, can produce pizzas if it h...
A: Given; Cost of premise and oven= £10 per night Cost of ingredient= £3 per pizza Workers= £40 per nig...
Q: In the rural area of a large agricultural-based economy in which corn is the staple food, there are ...
A:
Q: While visiting family in Mexico, your professor has a budget of $ 255 ($ = pesos) that he spends on ...
A: Here we calculate number of shots purchase by professor by using the given information so the calcul...
Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...
A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel
Q: Consider the model Ci= B0+B1 Yi+ ui. Suppose you run this regression using OLS and get the following...
A: Degrees of freedom refers to the maximum number of logically independent values, which are values th...
Q: If the marginal personal tax rate imposed on interest income paid to bondholders were to increase, h...
A: Answer-
Q: If Coke price goes down, what happens to Pepsi's demand? Why?
A: Answer to the question is as follows:
Q: Use Paolo's supply schedule and Kenji's demand schedule to find the quantity supplied and quantity d...
A: Here we calculate the following terms by using the given data and fill the blanks so the calculation...
Q: Question 13 The use of theory and observation is more difficult in economics than in sciences such a...
A: * ANSWER :- (13) From the given information the answer is provided as below As per guidelines I a...
Q: Which of the following statements about productive efficiency is true? X: It means that an economy i...
A: The point where the firms are known to be operating at their respective maximum capacities is known ...
Q: The Government of Bangladesh plans to administer 280 million doses of COVID-19 vaccine in the coming...
A: Answer-
Q: Northeastern plans to upgrade the projectors in all classrooms; so they assigned Mary to be the Proj...
A: Answer-
Q: Pope Francis argues that we must reject what he calls and economy of "exclusion and inequality." Wha...
A: Quantity of capital is influenced by the amount of investment. Capital goods depreciate and therefor...
Q: 4. A firm has the following production function: Q = 50L + 6L² – 0.5L3 %3D (a) production function. ...
A: Answer - "Thank you for submiting the questions.But, we are authorized to solve first sub parts only...
Q: Automatic stabilizers are at work if, as real GDP increases, ________. a. transfer payments decreas...
A: When talking about automatic stabilizers, they are the government actions that does not require to c...
Q: what are the three main credit bureaus? They should explain how each one works and how they are diff...
A: This chapter is related to credit bureau. Credit bureau, also known in the US as credit reporting ag...
Q: Assume that the US economy expands and that the US Federal Reserve Bank, worried by rising inflation...
A: If there is an expansion in the United States, it will lead to arise inflation in the economy due to...
Q: Production Analysis Discuss the similarities and differences between indifference and isocost analys...
A: Isoquants: In cost and production theory, isoquants play a critical role in determining the optimal...
Q: Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you hav...
A: Answer-
Q: Which is characteristic of a product with elastic demand? A. The good is regarded by consumers as a...
A: Demand is inelastic for products which have no close substitutes eg tobacco.
Q: A populous country's total greenhouse gas emissions may be relatively large even if its per capita e...
A: Due to High population country the economic activities of economy is also high which lead to high em...
Q: Question 14 Suppose that during their winter break, Sarah J. and Kaitlyn D. want to go, from Duluth,...
A: Hi! thanks for the question but as per the guidelines we can answer only one question. So I am answe...
Step by step
Solved in 2 steps
- company manufacturing laundry sinks has fixed costs of $100 per day but has totalcosts of $2,500 per day when producing 15 sinks. The company has a daily demand functionof q = 360 − p, where q is the number if laundry sinks demanded and p is te price ofa laundry sink.(a) If we assume that the total cost per day is linearly related to the amount of sinksproduced in a day, derive the total cost function of the company?(b) Find a function for the average cost of this company.(c) If production increases continuously, what is likely to be the average cost per sink?(d) How many laundry sinks will the company need to produce in order to maximise it′s profits?(e) What is the maximum profit?) A company manufacturing laundry sinks has fixed costs of $100 per day but has totalcosts of $2,500 per day when producing 15 sinks. The company has a daily demand functionof q = 360 − p, where q is the number if laundry sinks demanded and p is te price ofa laundry sink. Find a function for the average cost of this company. (c) If production increases continuously, what is likely to be the average cost per sink? (d) How many laundry sinks will the company need to produce in order to maximise it′s profits? (e) What is the maximum profit?Question Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) Now consider two cases (i) Company is effectively able to price discriminate in the two markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging the same price in the two markets what are the profit maximizing levels of price, output, and the total profits? c. Analyze, with graphs, the two alternative pricing strategies…
- Revenue and Cost The total weekly revenue functionfor a certain digital camera is given by R = 550xdollars, and the total weekly cost function for thecameras is C = 10,000 + 30x + x2dollars, where xis the number of cameras that are produced and sold.a. Find the profit function.b. Find the number of cameras that gives maximumprofit.c. Find the maximum possible profit.What is the cheapest way of producing 850 units of output if a firm operates with theproduction function 0.5 0.5 Q = 30K L and can buy input K at 75 $ per unit and L at 40 $per unit?A commodity has a demand function modeled by p = 106 − 0.5x and a total cost function modeled by C = 30x + 33.75, where x is the number of units. (a) What unit price (in dollars) yields a maximum profit? $ per unit (b) When the profit is maximized, what is the average cost (in dollars) per unit? (Round your answer to two decimal places.) $ per unit
- Let the production function be Q = 4∗K1/4L1/4 assume that both factors are variable. (a) Derive the contingent demand functions for K and L (b) Substitute the contingent demand functions in the total cost that you minimized in part a) to obtain the total cost function. (c) FindtheamountofKandLnecessarytoproduceQ=8whenv=16andw=1 (with minimal possible cost). (d) Find the average and marginal cost functions.Suppose a company has fixed costs of $31,200 and variable cost per unit of 1 3 x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1768 − 2 3 x dollars per unit. Find the break-even points. (Enter your answers as a comma-separated list.) Find the maximum revenue. (Round your answer to the nearest cent.) Form the profit function P(x) from the cost and revenue functions. Find maximum profit. What price will maximize the profit? (Round your answer to the nearest cent.)*** Please answer e, f, g,h** An ice cream company finds that at a price of $4.00 for each pint, they can sell 4000 pints of ice cream per day. For every $0.25 decrease in price, daily demand increases by 200 units. The company’s cost function is C(q)=0.01q2-90q+211600, where C represents their daily costs (in dollars), and q is the number of pints sold per day. a)Find the demand function q(p). b) Find the revenue function R(q). Hint: first you will need to solve for p in terms of q from the demand function.) c) How many pints should the company sell per day if they want to maximize their revenue? d) what price should the company charge for each pint if they want to maximize their revenue? e)Use the criteria MC(q)=MR(q) to determine how many pints the company should sell per day if they want to maximize their profit. f)What is the maximum profit the company can earn per day? g)Find the average cost function. h)How many pints should the company sell per day if they want to minimize…
- Answer b and c Road Runner Co is a Pakistani manufacturer making Bicycles. It exports to two markets,Bangladesh and Sri Lanka. Demand for Bicycles in thesetwo markets is given by the following Functions: Bangladesh Q1 = 12 – P1 Sri Lanka Q2 = 8 – P2 Where Q1 and Q2 are respective quantities sold (in thousands) andP1 and P2 are the respective prices (in Pak. Rupees per unit) in the two markets. Total cost function is C = 5 + 2 (Q1+ Q2) a. Determine the company’s total profit function. Also, (i) What are the profit maximizing levels of price and output for the two markets? (ii) Calculate the marginal revenues in each market. b. Now consider two cases: (i) Company is effectively able to price discriminate in thetwo markets. What will be the total profits? (ii) Suppose the company does not engage in price discrimination. By charging thesameprice in the two markets what are the profit maximizing levels of price,output, and the total profits? c. Analyze,…Paducah Slugger Company makes baseball bats out of lumber supplied to it by Acme Sporting Goods, which pays Paducah $10 for each finished bat. Paducah's only factors of production are lathe operators and a small building with a lathe. The number of bats per day it produces depends on the number of employee-hours per day, as shown in the table below. a. The wage is $15 per hour and Paducah’s daily fixed cost for the lathe and building is $50. Instructions: Complete the table below. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers. Express marginal cost values rounded to the nearest penny (two decimal places). Q (bats per day) Number of employee-hours per day Total revenue($ per day) Total labor cost($ per day) Total cost($ per day) Profit($ per day) Marginal costper bat 0 0 — 5 1 10 2 15 4 20 7 25 11 30 16 35 22 What is the…A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (c) If production increases continuously, what is likely to be the average cost per sink?