Average variable cost is always increasing as output increases whenever... Group of answer choices average total cost is increasing. marginal cost is above it. total output is increasing. total cost is increasing.

Q: rease in the short run ease in the short run

A: We have to do following question.

Q: Part 4: FOREX Practice- Complete the following. 13. What are the four shifters of the foreign…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: The New Deal concentrated on industrial recovery, completely ignoring the impact of the Great…

A: 1. False: The given statement is false because the New Deal was a series of programmes louched by…

Q: Josh is playing blackjack for real money. He has reference-dependent preferences over money: if his…

A: Given information Given value function V(X)=ln(X+1)---X>=0 V(X)=-2ln(-X+1)--- X=<0

Q: Who benefits from FDI?

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: For the same demand and cost conditions, which of the following is true?     Group of answer…

A: In a monopoly, there is a single firm producing unique product which allows it to have full control…

Q: Given his current income, Rico’s demand for bagels is related to the price of bagels by the equation…

A: The demand curve is written as follows:  Q = 580 − 16P And the income elasticity of demand is 0.5,…

Q: O Causes a reduction of potential GDP and the long-run aggregate supply.

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Q: Describe the case made by economists for public provision of essentially private goods such as food,…

A: A private good is a product that must be purchased in order to be consumed, and consumption by one…

Q: This question checks whether you understand the procedure for deriving the economy's aggregate…

A: In an economy, the aggregate demand curve is the representation of total demand for output in the…

Q: Assume that the typical menthol-cigarette smoker has a mean, disposable weekly income of $700 per…

A: We have two goods  A and C for the given consumer with  cobb Douglas utility function.

Q: Some of the following future cash flows have been expressed in then-current (future) dollars and…

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Q: Consider the stage game shown in Table "SPNE in a repeated game". Suppose this game is played twice.…

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Q: The reserve requirement is 25%, and the banking system receives a new $1,000 deposit. The bank does…

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Q: The table below shows the payments received from foreigners by the residents of the US and the…

A: Balance of payment Balance of payment is a statement of the country which records the Nation's…

Q: Determine and discuss the impact of diesel prices on fuel revenues and the impact of gasoline prices…

A: In the study of economics, elasticity is used for measuring the changes in quantity demanded of a…

Q: 1. Charlie's Umbrellas has a production function given by Q = L0.5KO.5. The wage (W) is $80 per day…

A: Answer; Here production function is: Q= L0.5K0.5   Marginal products are: MPL= dQ/dL =…

Q: Which statement best explains why budget deficits may bring on a recession?   a) Large deficits…

A: When the government’s revenue is less than its spending, a budget deficit occurs.

Q: Under standard assumptions, in the short run, currency devaluation causes a country's output to O…

A: >A devaluation of the currency makes domestic goods cheaper in the international markets.…

Q: Consider a variant of the Battle of the Moody Sexes game where player 1 also has two types (player 2…

A: In the battle of the sexes game, a mixed strategy requires both parties to randomize.

Q: PROBLEM (5) (In a market with demand Q = 780 - p, there are 3 identical firms, A, B and C; each with…

A: Given demand function Q=780-P TC=3Q^2

Q: What are some economic factors driving the new global innovation economy

A: The global economy is made up of all activities that take place both within and between countries.…

Q: The Monetarists believe that interest rates can move in the opposite direction from the conventional…

A: Monetary approach is based on the fact that is controlled by monetary policy of interest rate .…

Q: Two firms, A and B, produce identical product (crude oil, for Instance) have the same cost curves…

A: Given the lowest possible price that is minimum of ATC = 20 At lowest minimum price, the market…

Q: 2. Firms 1 and 2 compete in a Cournot duopoly. If firm 2 adopts a strategy that raises firm 1's…

A: Cournot duopoly is a type of duopoly model in which firms are competing in quantities.

Q: The fact that humans are ultrasocial means that: O we're bad at avoiding COVID-19 we tend to see…

A: Ultrasocial refers to the organization of humans and social insects with the division of labor,…

Q: The market shares of the top five firms in the dishware industry are 20%, 28%, 11%, 14%, and 8%.…

A: Answer;       Four firm concentration ratio measures the market share of the top four firms in terms…

Q: How does the 'threat of new entrants' affect business within th toruism industr

A: The risk that a new competitor poses to existing companies in an industry is known as the threat of…

Q: Exchange rate regimes: Suppose output is above the natural level of output. In a fixed exchange rate…

A: The regime that is applied by the central bank that ties the currency rate of exchange of a country…

Q: What is the relation between elasticity and tax incidence?   Question 8 options:   Only the…

A: * SOLUTION :-    (8)   From above information the answer is provided as

Q: A manufacturer has $600 to spend on the production of a certain product and knows that if "x" units…

A: We will use the lagrange method to find the units of capital and labor power to maximize output.…

Q: Many trade instruments protect domestic producers at the expense of consumers. Which of the…

A: When a government proclaims itself a rule maker or market regulator, it is expected to intervene…

Q: Suppose that Teavana produces boxes of Jade Citrus Mint Tea and Spiced Apple Cider. Below are the…

A: Economy is producing two goods Tea and apple cider using the all resources available and given…

Q: Comment on the free rider problem in the context of global climate agreements.

A: Free rider problem in the context of global climatic agreements according to economists is treated…

Q: QUESTION 4 Monetarization of economy spurred the progress of science, e.g. the Enlightenment and the…

A: Monetization of an economy refers to the structural change of an economy from barter system to money…

Q: A task has an optimistic completion time of 6 days, a most likely time of 10 days, and a pessimistic…

A: The Project Evaluation and Review Technique is used when the time is stochastic in nature. So we…

Q: In the long run, with variable real exchange rates, if American goods become less attractive…

A: The rate at which one currency is exchanged for another is known as an exchange rate. National…

Q: 3. Suppose two firms are Cournot competitors with TC(q,) = 500 + 100q, (where q, is a given firm's…

A: Given; Total cost; TC(qi)=500+100q Demand function; p=700-Q where; Q=q1+q2

Q: 14) An analyst has found that a company's cost and revenue functions for a particular product are…

A: Marginal cost is the additional cost incurred to produce an additional unit of output. Marginal…

Q: Describe the present day global innovation economy

A: The economy of a country means its economic position. A good economy means that the country gains…

Q: 12. Which monetary policy tool did the US Federal Reserve introduce most recently? a. Required…

A: Federal Reserve is central bank of USA. It is apex monetary institution in country. It has been…

Q: Describe the difference between financial markets and financial intermediaries? How can your funds…

A: Monetary business sectors and Financial go-betweens are two channels through which the monetary…

Q: Q3. A market has the following supply and demand functions of a good Identify the row with the…

A: Law of demand - other things being constant, there is inverse relationship between price and…

Q: Question 4 a. Describe five (5) factors that influence the market demand for a product such as…

A: The quantity of a good that consumers are willing and able to buy at a specific price and for a…

Q: As described in the chapter, the Federal Reserve in 2008 faced a decrease in aggregate demand caused…

A: Given:- Fed reserve faced fall in aggregate demand(AD) and fall in short run aggregate supply(AS).…

Q: Public goods Three people have a demand for some good: P1 = 100 -Q %3D P2 = 200 - 2Q %3D P3=150-3Q…

A: Answer; For a public good, the market demand is calculated as the sum of prices paid by each…

Q: Given that the maginal propensity to consume (MPC) is 0.50, what is the change in equilibrium output…

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Q: Consider an economy described by the following equations: Y = C+I+G C = 150 + 0.6 x (Y - T) I = 500…

A: When actual GDP or real GDP is greater than the potential GDP, there is an inflationary output gap…

Q: What is the difference between depreciation and devaluation? O There is no difference. O…

A: Exchange rate is defined as the rate of at which one country exchanges its currency for the currency…

Q: The area between the supply curve and the price (or, to be more accurate, a horizontal line…

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.