Carlota Music Company estimates that the marginal cost of manufacturing its Professional Series guitars is C ′ (x) = 0.02x + 100 dollars/month when the level of production is x guitars/month. The fixed costs incurred by Carlota are $4000/month. Find the total monthly cost incurred by Carlota in manufacturing x guitars/month.

Q: The minimum price that producers must receive to induce them to produce another unit of a good or…

A: In a market, a firm enters to sell the output with the aim of earning profit and the profit…

Q: TT = 100kl - 5k²1² + 2k + 41 dk and dn' dl Find dn dk = 100 – 10kl + and dn dl 100 – 10lk? dn dk dl…

A:

Q: 5) Suppose we have the production functions: q = KL a.) Set up the appropriate Lagrangian and derive…

A: A function can be thought of as a model which involves an input, after processing which an output is…

Q: Price elasticities of the demand for health care are usually much lower (in absolute terms) at the…

A: Price elasticity of demand shows the responsiveness of change in quantity demanded due to change in…

Q: Note: There are may be other questions related to this one. It is strongly recommended that write…

A: Utility function can be defined as the measure for a group of goods and services preferred by…

Q: 1. Federalists believed in a small federal government

A: A federalist is an individual who believes in establishing an economic system where the political…

Q: TRUE OR FALSE Each individual has a utility function that spits out a number representing how happy…

A:

Q: Why does russia have the comparative advantage in oil? Explanation it correctly and in detail

A: Compartive advantage alludes to the capacity to deliver labor and products at a lower opportunity…

Q: In economic terms, moral hazard is the negative relationship between the out-of-pocket price of the…

A: Answer: Moral hazard: moral hazard occurs when one party changes his/her behavior after buying…

Q: You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that…

A: Demand is the quantity of a product, item, commodity, or service that consumers are willing and able…

Q: Consider a duopoly in which the marginal cost of every firm is $2. The market demand is: Q = 14 - P,…

A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…

Q: Why could a current account deficit stimulate an economy? List at least two reasons and explain with…

A: Current account deficit The current account deficit is a situation in the economy of a country…

Q: 1..Calculate the optimal quantity of each of two goods (x and y) and the consumers’ total utility…

A:

Q: At a recent boat show, Nautica Bank was offering add-on interest installment boat loans for up to 5…

A:

Q: If the expected future exchange rate falls, the supply of U.S. dollars and the exchange rate O A.…

A: The measure that depicts the value of one currency being measured in terms of another currency to…

Q: Suppose that there is a nonrenewable resource that can be consumed today (period 1) or tomorrow…

A: Given that; Demand for resources in period (1) P1 = 25 - 5Q1 Demand for resources in period (2) P2 =…

Q: Explain why child labour could actually be pareto-optimal.

A: Pareto optimality describes a situation in which no individual or preference criterion may be better…

Q: How does Rousseau view property? According to Rousseau, what is the origin of inequality?

A: There are various factors of production in economics which are group together to produce the goods…

Q: Refer to the information provided in Figure2 below to answer the questions that follow. Price level,…

A: The curve that depicts various quantities of goods and services being demanded at various levels of…

Q: Gross domestic product (GDP) measures environmental degradation. TRUE OR FALSE

A: GDP is defined as the total value of all products and services generated in an economy over a…

Q: (c) Finally, let's assume you've been given the following information about maximum willingness to…

A: Bundling is not going to help if the consumers demand are positively related.

Q: Why does the world need to take sustainable development efforts and studies seriously, and how does…

A: Sustainable development is defined as a country's economic growth that does not degrade the…

Q: Consumer surplus for a particular unit sold is equal to which of the following?   Question 10…

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

Q: [16] Operating in the short run with one fixed input and one variable input, the marginal product of…

A: Given, Marginal Product (MP) = 10 - X whereas, X = Quantity of the input Output Price (P) = 3 Price…

Q: 1. Suppose the government borrows $20 million more next year than this year. a. Draw and fully label…

A: The Equilibrium is established where the demand and supply for loanable funds are equal.

Q: 1. Suppose that fixed costs for a firm in the monopolistically competitive automobile indu $50 and…

A: *Answer:

Q: What is a deadweight loss?

A:

Q: Y = C + I + G + NX Y=$6000 G=$1000 T=$1150 C=$200+0.75(Y−T) I=1100−50r NX=913−913ε…

A: Private saving = Y -T -C = Y -T -[200+0.75(Y−T)] = 6000-1150-[200+0.75(6000−1150)] =4850 -3837.5…

Q: Aggregate price level LRAS SRAS,

A: An economy is an enormous arrangement of related production and utilization exercises that guide it…

Q: If the economy is experiencing a recession and interest rates are falling, which of the following…

A: The economies around the globe are involved in various economic, and financial activities, where…

Q: If you were a Chinese exporter, what might you have done if you had anticipated the appreciation in…

A: The basic function of the foreign exchange market is to facilitate the conversion of 1 currency into…

Q: Suppose that in the short run the firms in a monopolistically competitive industry are making an…

A: 1. While the monopolistic competitive corporation can benefit in the short term, the long-term…

Q: K Explain the effect of Changes in domestic and foreign Interest Rates on the equilibrium exchange…

A: Equilibrium exchange rate refers to the value of the currency on the basis of the intersection of…

Q: Discuss some products and markets that are good examples of Monopolistic Competition.  Like the…

A: Market refers to the place where all economic agents come together to carry out all their economic…

Q: According to John Rawls, society gains more from improving the welfare of the rich household. TRUE…

A: John Rawls gave his findings and theory on the social justice or welfare and describes the economy…

Q: a. Explain why the aggregate short-run aggregate supply curve is upward sloping?  b. What is the…

A: since you have asked multiple questions and according to policy we can solve only 1 question and for…

Q: Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and  public…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: Andria Mullins, financial manager of Webster Electronics, has been asked by the firm's CEO, Fred…

A: Carrying cost of inventory alludes to the complete cost of holding inventory.

Q: he maintenance cost of a new equipment is projected to start at the end of the 2nd year at an amount…

A: We have given that the maintenance cost at the end of second year A2 is P8000.  Maintenance cost is…

Q: he demand curve and supply curve for a No-year discount bond with a face value f $2,420 are…

A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…

Q: [16] Operating in the short run with one fixed input and one variable input, the marginal product of…

A: Marginal Product = MP = 10 - X Output Price = P = 3 Variable Price (Wage; w) = 15

Q: Question 16: Alternative energy sources and energy consumption are considerations for which of the…

A: In an economy, energy resources are the natural and man-made resources which are used to generate…

Q: When people pay less for something than it is worth to them, they receive what is called a(n)…

A: Total surplus refers to the total amount of well being experience by all the participants in the…

Q: Which of the following statements describes Principle 6: Markets are usually a good way to organize…

A: A market refers to the platform or a place for the people to interact with each other for making an…

Q: In economics, How might productivity be measured for each of the following industries ? a.…

A: The measure that depicts how efficiently inputs are being converted into outputs by companies,…

Q: An equation relating demand q and price p is given. Compute the elasticity of demand for the given…

A: Price elasticity of demand = dq/dp * p/q

Q: PLEASE HELP Question 20 If a pharmaceutical firm's patent expires and more firms enter its market…

A: The markets are the place where the buyers and the sellers operate with each other. The demand side…

Q: Suppose you estimated a simple linear regression model involving log hourly wage rate and experience…

A: Note: when we have the mean or expected value then we don't have the error terms.

Q: Could you recommend a strategy that may work for this goal, based on your microeconomics knowledge?…

A: It is feasible for unions to improve their interests in some circumstances by modifying or altering…

Q: Question 2 Back in the 1950s, General Motors (GM) was at its peak. It was widely viewed as a…

A: In the 1950s, the US automobile industry was dominated by three big companies- General Motors, Ford…