At what output does a perfectly competitive firm maximize its profit? when marginal cost equals average fixed cost when average total cost equals average revenue when total revenue equals total variable cost when marginal cost equals marginal revenue

Q: A company's second year operations can be summarized as follows: Revenues: $110 000 Expenses (except...

A:

Q: Explain what researchers have found on the costs and benefits of inflation?

A: Inflation is defined as the increase in the prices of goods and services in the economy over a perio...

Q: Question 13: Assume oat forward prices over the next 3 years are $2.30, $2.40, and $2.33, respective...

A: The forward price is considered as the settlement price of the transaction that would not take place...

Q: Firms X and firm Y are maximizing profits. At their respective profit-maximizing price, Firm X's own...

A: Elasticity of demand depicts how much consumer responds with the change in the price level. 

Q: Given the Aggregate Expenditure schedule for Country A below. Calculate national income and net capi...

A: We know,National income=C+I+G+(X-M)Y=C+I+G+(X-M)Now,Y=34141+17926+9042+(36872-26812)Y=71,169

Q: 1. What is World Trade Organization, who are its members and by which main documents it is guided in...

A: ''Since these are multiple question, we will solve the first one for you. If you want the specific o...

Q: You are an accountant for a manufacturer of radios. The demand function for the tablets is 2 p x = 4...

A: Given information: The demand function for the tablets: p(x)=40-4x2            .... (1) Cost of prod...

Q: Is it possible that the violent members of the drug cartels can behave like cartels in legitimate ma...

A: Cartels are the group that is created by the firms in the market to gain control over the prices and...

Q: Research indicates that promoters may fall into one of twoclasses: focused or dispersed. How do thes...

A: The promoters are the regulator of the ‘Gene Transcription’ process. The eukaryotic promoters are su...

Q: •Suppose demand is Q = 100 – 2P •a.) Calculate the price elasticity of demand at P = $5. •b.) Calcul...

A: There are many different ways to define elasticity. Still, the most frequent definition is a measure...

Q: 1.Explain specifictly how to overcome and solve the major problem of Mcdonal's company from pollutin...

A: Answer -  "Thank yoru for submitting the questions.But, we are authorized to solve one question at a...

Q: Question 6n Firms become more optimistic about the economy and decide to buy more capital goods. Thi...

A: Answer - "Thank you for submitting the questions. But, we are authorized to solve one question at a ...

Q: identify and explain the economic theory about the costs and benefits of inflation?

A: The situation that depicts the general increase in the level of goods and services during a period o...

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is ...

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Q: A gym membership charges their current members a monthly fee on the 1" of the month. Monthly churn r...

A: This problem requires the knowledge of the following topics: 1) Random Variables. 2) Expected Value ...

Q: CAPITAL BUDGETING can be most accurately defined as which of the following? O A. The process during ...

A: Capital budgeting is a process that is used by businesses for the evaluation of major projects or in...

Q: The figures show the cost curves and the marginal revenue curve of a Perfectly Competitive firm. (a...

A: Perfect competition is a market structure in which all producers and customers have complete and sym...

Q: Problem No 1. Juan Dela Cruz was offered three loan proposal 1. P100,000 at 10% per year simple inte...

A: Here, three loan proposal are given tk Juan Dela Cruz based on different maturity period and interes...

Q: ) Suppose that we have the following data for Amazon operations in the US: Sales Cost of Goods $469....

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Q: A generalized transducing phage is used to transduce ana- b- c- d- e- recipient strain of E. coli wi...

A: Given:

Q: The Keynesian economic framework is based on an assumption that: A) an increase in government spendi...

A: In economics, different frameworks have different assumptions. And this difference in assumptions le...

Q: What does a payoff matrix illustrate? OA tit-for-tat strategy in repeated games. The possible outcom...

A: In game theory, payoff matrix is used. A form of payoff matrix is shown below: Player1 /Player 2 ...

Q: How many Nash equilibria does this game have? hand written plzz

A: In this game player 1 has strategy a, b,  c, and d and player 2 has strategy E and F. Nash equilibri...

Q: Determine the present worth of the following cash flows based on an interest rate of 7.63% per year,...

A: The present value of any series of cash flows is equal to the sum of the present values of the indiv...

Q: Identify and discuss the Technological environment of China. You are deciding to run a startup busin...

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Q: Situation: 75% of voting shares are held by charitable institutions that are headed by the CEO of a ...

A: Voting shares are shares that give the shareholders the right to vote on specific decision of the or...

Q: What does it mean by countervailing duty actions when pertaining to regulating import competition an...

A: Several governments and international organizations take steps to bring in fair trade in internation...

Q: 13. In a dice game, the player rolls a single die. The payouts for a dice game are given below: roll...

A: Answer: Given, Let us first find the probabilities of all the outcomes: P1,2=26=13P3,4,5=36=12P6=16...

Q: Immediately after an ice storm brought down power lines throughout the region, hardware stores were ...

A: In a free-market economy, the resources are allocated based on the interaction of market forces such...

Q: Which of the following is an example of representative money?   Group of answer choices   Gold ...

A: Representative money is money created by the government and backed by a physical asset such as preci...

Q: How would you explain the financial functions as a social imperative in a country like South Africa?

A: Financial function Financial management includes the Finance Function. The practice of controlling a...

Q: An asset for drilling was purchased and place in service by a petroleum production company. Its init...

A: Every machinery after being purchased goes through wear and tear and thus losses it value what it wa...

Q: Explain specifictly how to overcome and solve the major problem of Mcdonal's company from polluting ...

A: There are two crucial categories of business cycles which are inflation and recession. At the time o...

Q: Write two to three paragraphs of three to five sentences each describing how inflation occurs and wh...

A: In financial aspects, hyperinflation is utilized to portray circumstances where the costs of general...

Q: Determine the exact simple interest of Php 25,000 for the period from December 27, 2001 to March 23,...

A: Given  Value of money at December 27 2001 P = 25000 Rate of interest r= 10% simple interest. We have...

Q: What's the feds, Its purpose? Who is the person in charge?

A: Central banking system of the United States of America is called Federal Reserve system(Fed) .It was...

Q: If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that e...

A: If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that e...

Q: The price p (in dollars) and the quantity q sold of a certain product obey the demand   equation q=...

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

Q: Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand giv...

A: Elasticity is the concept used in economics to determine the changes in quantity demanded due to cha...

Q: C. Graph the isoquant for Qo = 20 and the isocost line. Label the tangency point E.

A: The cobb Douglas Production function The production function in the long run is Y=A(LK,N) Y= output ...

Q: 18) Which of the following options best describes tax incidence? A) It equals to the loss in the soc...

A: Imposition of tax results in decrease in social surplus as socially efficient quantity is not produc...

Q: Q2: Suppose that a firm's production function of output Q is a function of only two inputs, L and K ...

A: As given Q = L + 4K , W = 5 and r = 25 also Given Q =100

Q: ia plans to buy a house for Php 157065. She wants to make a down payment of Php 20888 and to take ou...

A: Mortgage loans are designed to help people to take a loan for the long term. People have to pay inte...

Q: A Php 1,500-bond which will mature in 10 years and with a bond rate of 15% payable annually is to be...

A: Given, Bond Price- Php 1500 Time- 10 years Rate- 15% Selling price- Php-1300

Q: Explain with reasons whether you expect the price of oil in 2050 to be higher, lower, or stable comp...

A: Inflation: When the price is increasing continuously then it can be considered as the concept of inf...

Q: Consider a firm facing a downward-sloping demand curve. Which of the following is true at the profit...

A: In the mentioned question we have been asked what will happen at the profit-maximizing level of outp...

Q: Maria manages a bakery, that specializes in ciabatta bread, and has the following information on dem...

A: "Profits are maximized at a point where the difference between total revenue and total cost is maxim...

Q: unit. Each stereo radio cassette sells for P1,200. If the firm makes a profit of 10% on its 10,000 s...

A: A dividend is the dissemination of corporate benefits to qualified investors. Dividend installments ...

Q: Assume Australia is an importer of sofas and there are no trade restrictions. Australian  consumers ...

A: The difference between the price consumers are willing to pay and the market price is known as consu...

Q: Based on economic theory, the introduction of a binding price floor (such as the minimum wage) in a ...

A: Price floor is the minimum price that must be paid to sellers.