(Advanced analysis) The equation for the supply curve in the diagram shown is approximate 30 20 + 45 10 20 40 60 80 100 P= 4 +20. P= 4+ 0.3Q. P= 4-30.
Q: 1. The link between resource and product markets The following graph represents the labor market in…
A: With loosening of qualification requirements, entry to this industry will increase leading to…
Q: The supply and demand functions for a product are 9s = 4p2 – 500 and qa = 3p² – 20p + 1000 .…
A: Supply means different quantities are supplied at different prices. It means the supply curve is…
Q: How might companies in the steel and petrol industry react to an increase in the price of bauxite?
A: d) Bauxite is used in a lot of industries like the chemical industry, refractory, abrasive, cement,…
Q: 1. What is the effect of the decline of Ford Australia’s productivity on its cost efficiency,…
A: Cost efficiency: The act of saving money by modifying a product or process to perform more…
Q: Fill in the table below. (
A: Total Costs (TC) = Fixed Costs (FC) + Variable Costs (VC) Average Fixed Costs (AFC) = Fixed Costs…
Q: 19. Odette has a base monthly salary of S1,500 and earns a 5% commission on all sales she makes at…
A: Odette's monthly base salary is $1500 The commission per sale =5% Last month salary = $7500 We have…
Q: section of Instruction: Use the graphing tool, 'S₁', to draw the appropriate supply line. et and
A:
Q: MCQ 36 The marginal productivity theory of factor pricing suggests that a firm should hire…
A: Marginal product of capital refers to the increase in output by hiring an additional unit of…
Q: The cost of sunflower seeds has increased. Sunflower seeds are an input when sunflowers are…
A: The demand and supply curve together intersects in the market to determine the equilibrium price.…
Q: 21) Suppose that a firm employees labor and capital to produce a good. If the price of capital…
A: In the production process, different inputs are used to produce the final output. Each input has its…
Q: 28 - The most important factor affecting a firm's production decision is the state of the supply…
A: Factors effecting the supply decision : Price of the given Commodity Prices of Other Goods Prices…
Q: A company has 700 employees who work 140 hours a month each. Each worker earns $37 per hour. There…
A: Given, Present employees = 700 Work per month = 140 hours/month Wages = $37/month Additional working…
Q: Describe the behaviour of the ATC in relation to MC. Explain
A: Marginal cost (MC) is the additional cost incurred on producing one extra unit of the output.…
Q: product schedule for plastic bags. Each unit of labor costs $25 and the total cost of capital is…
A: Total Cost is the cost which incurred by producer for producing goods and services , and this total…
Q: If the actual demand for April was 1440 units and the seasonal index was 2.5, whatwould be the…
A: Actual demand for April, (Yt) = 1440 units Seasonal index, SI = 2.5, Then, deseasonalized April…
Q: 52. Supply curve is A. O Vertical in long run B. O Flatter in long run C. O Same in long and short…
A: The point at which the demand and the supply curve of a good intersects is known as the equilibrium…
Q: 1- Explain briefly perfect market cond:
A: There are four types of market structures in economics: (1) perfect competition, (2) pure monopoly,…
Q: 24. Assume that Figure 3-16 shows the supply of orange juice. A decrease in the wage rate paid to…
A: The supply curve for a good is positively sloping because as price increases, producer want to…
Q: 35. The slope of the iso-cosiline is: a. Price ratio of inputs. b. Price ratio of output. c. Price…
A: A graph that represents the different combinations of the input factors (usually labor and capital)…
Q: The demand function for a product shifts from DD: p = – 0.47q + 188 to D´D´: p = –…
A: The demand function shows the relationship between the quantity demanded, q and the price of the…
Q: Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company…
A: Given:Plastic injection molding machine=$45,00,000Plastic injection molds=$100,000Cost of labor…
Q: PepsiPepsi and CokeCoke are considered to be substitutesubstitute goods.Use the line drawing tool to…
A: Substitute goods are the goods that can be used in place of each other. For example, Linux and…
Q: The price of bauxite increased to its highest level due to conditions which impacted supply.…
A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the…
Q: A hair salon is considering hiring more workers. The market wage for a hair stylist is $160 per day,…
A: The cost of providing the salon service is the wage rate per labour $160 per day . And the revenue…
Q: Question 5 The price of input X decreases by 15%. In response, the quantity of input Y demanded…
A: Answer (5): Given, Percentage decrease in price=-15%Percentage rise in quantity demanded=6%…
Q: 6A business is considering hiring a legal firm. The marginal benefit of the legal services would be…
A: The costs are given as MC= q Fixed costs = $5 for monitoring and $15 for auditing. The total cost =…
Q: Is given: Qd = 16-4P, Qs = -2 + 2P. The task is to: a) Calculate market equilibrium price and…
A: The equilibrium price is the only price where the plans of consumers and the plans of producers…
Q: MANAGERIAL ECONOMICS 3. Explain the meaning of: a) Individual Consumer Demand, b) Market Demand,…
A: The economics as a study focuses on how the resources with the society which are limited in nature…
Q: In Philippines alone they were able to generate sale of ticket at 5,210 at a price of 170 pesos.…
A: In an economy, the change in the market price of a product by a firm will affect the total revenue…
Q: The price of bauxite increased to its highest level due to conditions which impacted supply.…
A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the…
Q: is currently earning $44,000 a year. He has worked for this firm for 5 years. He is considering a…
A: If Mark takes the job and attends the Ph.D program, he will have to give up the salary which he is…
Q: 5. Individual Problems 5-5 Last year, a toy manufacturer introduced a new toy truck that was a huge…
A: The relevant cost is 3,000,000. To recover this cost, a margin of 3,000,000/100,000 = 30 has to be…
Q: two pictures
A: Hey, Thank you for the question. According to our policy we can only answer upto 3 subparts per…
Q: A company manufactures three product. The productis sold in three communities, X, Y and Z. The…
A: The table looks like: Price Commodity X Commodity Y Commodity Z Market supply 100 520 640 700…
Q: 04. Suppose the firm is hiring labor and capital and that the ratio of marginal products of the two…
A: In a market, when a firm tries to minimize cost, it indirectly implies that the profit will be…
Q: The Blue-Steel Corporation supplies armored truck manufacturers with high-grade sheet metal panels…
A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt the first three…
Q: QUESTION 9 A leftward shift of a product supply curve might be caused by D. an improvement in the…
A: The overall quantity of a commodity that suppliers are ready and capable to offer at various prices…
Q: 3. From the following equations, determine the price and quantity where the company's supply begins…
A: The expenditure incurred by a producer in acquiring the inputs which are used to manufacture a…
Q: Question is attahed in image
A: Answer: Correct option: (b) In which some inputs are fixed Explanation: Short-run refers to the time…
Q: Explain five (5) contributing determinants that will lead the change on market supply for oximeter…
A: The law of supply states that other things remaining unchanged, a rise in price will increase the…
Q: Insert Draw Design Layout Directions: Write below whether each factor will increase or decrease…
A: Causes of shift in supply:- 1) Technological advancement:- Technological advancement will increase…
Q: 37. The iso revenue function will shift up parallel: a. If the prices of one product increases. b.…
A: A graphical representation of all the possible combinations of two goods that would give the same…
Q: b. When the price of potatoes i
A:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 28-The cost driver for demand creation activity is: a. Increase in sales b. Number of orders c. Value of stock d. Value of materials storedThe demand for skilled workers in the United States has been increasing. To increase the supply of skilled workers, many argue that immigration reform to allow more skilled labor into the United States is needed. Explain whether you agree or disagree.28 - The most important factor affecting a firm's production decision is the state of the supply curve. Which of the following is not a contributing factor?A) Weather conditionsB) investment surplusC) Economic GrowthD) WarE) Cost shocks
- A company manufactures three product. The productis sold in three communities, X, Y and Z. The supply function schedules of the three communities as well as that of the entire market supply for okyerefo soap are shown below Unit Price Community X Community Y Community Z Market Supply 100 250 520 725 640 850 700 1000 Usethe information in the table to estimate i. i. the supply equations of each of the three communities. ii. market supply function. ii. market supply when the price decreases to 50.4. The table below is extracted from Goodland Republic Bureau of Statistics records for 2016-2017. Use the information to answer the questions that follow. Goodland Economy 2013 and 2018 I tem Price 2017 (Base year) Price 2018 Price per Price per Production Unit ($) Production Unit (S) 50,000 1.50 55,000 2.00 100.000 2.00 98000 250 50,000 23,000.00 45,000 2,450.00 120.000 100.00 110,000 120.00 5.000 5,000.00 6,000 7,000.00 Rice (tons) Wheat (tons) Tractors mid-size (units) Cotton (tons) Used cars Manufacture garments (tons) Eggs (Trays) Coca Cola (litres) Pepsi Cola (litres) Beef (tons) Second hand cloths (tons) Alcoholic Beverages (litres) Milk (litres) 150,000 2.000 6,000 700 5,000 500 500 7000 50.00 2.50 0.80 1.10 6.50 15.00 3.25 230 145,000 2,300 6.500 850 4.800 450 600 7.500 70.00 3.50 1.20 1.50 8.50 25.00 3.75 2.50 Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is…11- Al Shaihani is a halwa manufacturer which is famous for Omani Saffron Halwa. They wanted to increase their supply of halwa for the coming month of August 2021. However, due to COVID-19 Pandemic, the only available resources they could change are the number of their workers. Determine which type of production period Al Shaihani business is facing? a. Long run b. All of these c. Short - run d. Mid-run
- 9. The supply curve for the product X is given by Qd=-520+20P. a. Find the inverse supply curve.1. What is meant by "extended order" of the marketA company has 700 employees who work 140 hours a month each. Each worker earns $37 per hour. There is a profitable project the company would like to start, but it would require an additional 42,000 working hours within three months to be completed, and all the employees are fully loaded with other projects. The company does not want to hire new staff; they would like the project to be completed by the current workforce instead. Given that the wage elasticity of labor supply is 0.65, calculate the hourly wage the company should offer its employees to encourage them to work on the new project.
- V4. Suppose that you have the following information about the market for employees in your buisness: Supply: W=20+N Demand: W=40-N a. Suppose that the union negotiates a team size of only 5 employees. Draw this graphically and calculate the new equilibrium wage number of employees. b. Draw this graphically and calculate the equilibrium wage and number of employees hired.Please calculate the total cost of providing a 50% subsidy on purchases of fruit and vegetables at farmers markets by SNAP participants. Assume that you are estimating it for the state of Connecticut with 350,000 SNAP participants. The season for farmers markets and the use of subsidies is 5 months (May-September); subsidies can only be used during this period. Based on prior studies, you know that a typical SNAP participant that attends farmers markets will purchase on average 3 lb of fruit and 2 lb of vegetables per month. Average price for vegetables is $1.5 per lb and the price elasticity of demand for vegetables among SNAP participants is -0.6. Similarly, fruit cost on average $2.5 per lb and the demand elasticity for fruit is -0.8. How much should the state of Connecticut expect to pay in total subsidies each season if only 20% of SNAP participants will attend farmers markets?Annual demand and supply for a Company is given by: QD = 19500 – 100P , and Qs=-5000 + 100P %3D 1.Find the equilibrium price and quantity? 2. If price are $100, 110, 130, 180 calculate the value of surplus or shortage in supply at each given price level