Complete the following table and illustrate by graph following variables (TFC, TVC, TC, MC) Q TFC TVC TC MC ATFC ATVC ATC 0 20 0 1 35 2 38 3 40 4 55
Q: (a-) Graph the function Y= 36/X , assuming that X and Y can take positive values only. Next,…
A: It is given that, Y = 36/X It is a function of graphical geometry.
Q: 8. An economy is endowed with = 100 units of capital and L= 200 units of labor. Two goods are…
A: K=100 L=200 M = Km0.5 * Lm0.5 T = KT1/3 * LT2/3
Q: What is it meant by the Laffer Curve ? Graphically Illustrate
A: Tax is a compulsory payment that is imposed by the government either directly or indirectly on the…
Q: Yd Consumption Expenditure $ 0 $ 4,000 $ 10,000 $ 12,000 $ 20,000 $ 20,000 $ 30,000 $…
A: Income can either be consumed or saved. Consumption refers to the expenditure incurred on the…
Q: A clothing company can use one of the following four production processes to produce 5,000 garments…
A: In a market, when a firm produces output, it needs to choose from various alternatives that are…
Q: Suppose that United States produces 10, 000, 000 barrels of oil and 1,000 bushels of wheat each…
A: Autarky refers to the state where nations do not trade, they are closed for international trade to…
Q: Given the consumption function C = NIS 100 million + 0.75 (NIS 300 million), autonomous consumption…
A: In the Keynesian macroeconomic theory when the price level in the economy is assumed to be fixed…
Q: Old Macdonald has a farm. He works 80 hours a week. He can either grow rhubarb or raise chickens.…
A: Hours Macdonald spend on working in one week= 80 hours Utility; U(c1,c2)= min{c1,c2} where; c1 is…
Q: #69
A: Q 69) a) Price of each sculpture is x dollars Quantity of sculpture (y) y = 500 – 5x Revenue (R(x))…
Q: Y = C+1+G+X – M C = 100 + 0.75(Yd) where yd = Y – T I = 100 – 0.125Y G = 50 T = 50 M = 100 + 0.25(Y)…
A: A variable in a statistical method that is influenced or affected by its relationships with other…
Q: Hubert and Kate are farmers. Each one owns a 20-acre plot of land. The following table shows the…
A: Answer in step 2.
Q: A recent study suggested that excessive coffee consumption increases risk of stroke. This scare…
A: Based on the study which states that excessive coffee consumption increases the risk of heart…
Q: compute the present consumption of the cereals.
A: Income elasticity of demand is a measure which calculates the change in quantity demanded by the…
Q: If 10 million toy cars are sold. which means that: The production of toy cars is currently at an…
A: The social optimum is obtained at the point where the marginal benefits are equal to the marginal…
Q: Robinson Crusoe has exactly 12 hours per day to spend gathering coconuts ( C) or catching fish (F).…
A: Given, Robinson Crusoe has 12 hours per day He either gathers coconuts (C) or catches fishes (F) tF…
Q: Guns Guns A 45,000 A F 45,000 30,000 30,000 H C 15,000 15,000 E D Butter Butter 5,000,000 11,000,000…
A: The production possibility frontier (PPF) shows the combination of two goods and services which can…
Q: Suppose D0 and S0 are the initial demand and supply curves for tablets. P0* and Q0* are respectively…
A: A situation or state in which economic forces are balanced is known as economic equilibrium. In the…
Q: Andrew is buying salad and pizza for a company lunch. Suppose that a bowl of salad costs $5.00, and…
A: To solve the question we have assumed Salad as S and Pizza as P It shows various costs incurred in…
Q: How do I graph this? My equilibrium I'm getting P=14 but when I plug that into the equations I'm…
A: Equilibrium price of a commodity is the price at which the quantity demanded of the commodity equals…
Q: Suppose that the least amount of goods and services that Roberto will consume in a year is $40,000.…
A: Consumption is the part of income that remains after-tax payment. Consumption function can be…
Q: Graph a situation where AD & AS are at equilibrium. Be sure to label all curves and axes.
A: Aggregate demand is downward sloping showing inverse relationship between price and output.…
Q: Suppose Paul has two monthly bills, one for utilities and one for cable services. Paul's utility…
A: we can calculate following blank by solving equation which are as follow-
Q: Solve all questions otherwise I will give you downvote
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…
Q: Discuss the difference between endogenous and exogenous variables.
A:
Q: The relationships between some economic variables w, y, and z and another economic variable, x, are…
A: in a competitive market there are large number of firms producing identical products thus acting as…
Q: Suppose you are given RM500 each month to spend on meals and sports. Each meal will cost you RM5 and…
A: The optimum consumption rule says that when a client maximizes utility, the utility per dollar spent…
Q: Complete the following table and illustrate by graph following variables (TFC. TVC. TC. MC) TFC…
A:
Q: 72 96 112 Beef 30 27 21 12 Complete the following (approximate) possibilities for Emilon. a. Emilon…
A: In business analysis, the production possibility frontier (PPF) is a curve illustrating the varying…
Q: Akua is a School of Agriculture graduate and consumes 2 goods: Yoghurt and Bread. Akua also earns a…
A: The following problem has been answered as follows:
Q: Consider the following scenario to understand the relationship between marginal and average values.…
A:
Q: A) Complete the following table B) Illustrate the following variable by graph: (TFC, TVC, TC) Q TFC…
A:
Q: Economics Over the past decade, holiday gift cards have become increasingly popular at online…
A: The correct answer is given in the second step.
Q: Clara is leaving for the university restaurant with 3000 HUF in her pocket. Clara is only interested…
A: Total money=3000 HUF Price of chicken= 300 HUF Price of salad= 500 HUF
Q: According to Figure 2.4, at what point it is possible to increase production of motorcycles without…
A: Correct - C If we move from C to D, number of motorcycles produced is increased with no change in…
Q: 3) question two. So, trace up from there.) What is the AVC? (Hint: We want the AVC from the quantity…
A: Average variable cost (AVC) represents the variable costs for per unit output.
Q: Suppose Cho is a cinephile and buys only movie tickets. Cho deposits $3,000 in a bank account that…
A: Purchasing power refers to the amount or the quantity of goods that can be bought at a given income.…
Q: write a short note about the following variables and support your answers by giving examples for…
A: Answer - Total Fixed Cost (TFC) - Total fixed cost is the cost which does not change with the change…
Q: explain the role of ceteris paribus in economic analysis
A: Economics is a social science that studies the role of production, consumption, and distribution of…
Q: A lake has two species of fish: bass and catfish. The number of bass and catfish living in the lake,…
A: Answer: If the number of bass and number of catfish is the same then the two equations will be…
Q: The demand function for apples is the following. Qn = 10 – Pn + 0.2Y +0.5 Pc – 2Ps + 0.2A Where: Qn…
A: Correct : b. It will decrease by 0.5 million kilos.
Q: Complete the following table and illustrate by graph following variables (TFC, TVC, TC, MC) Q…
A: Total cost can be calculated with the given formula: Total cost = TFC + TVC Marginal cost can be…
Q: Textiles Computers Capital Requirements 10 8 Labor Requirements 10 2 a) Which good, textiles or…
A: Labor intensive: It means a process or industry by which a large amount of labor is used to produce…
Q: After Frank and Ruby engage in trade, each of thema. consumes at a point inside his or her…
A: Production possibilities frontiers are used to represent the trade-off that occurs between the…
Q: If 50 million baseballs are sold, , which means that: The production of baseballs is currently at…
A: At 50 million, the MC exceeds MB, so the production of baseballs has to reduce. Hence, the correct…
Q: Sun 14 Mar AA A elearn.squ.edu.om Log In Log In Favorites O ACCT2121_y... أغلى سيارات ف. . •( Log In…
A: Market supply is defined as the amount of product that producers want and able to trade at a…
Q: proposing graph showing five year supply vs rental apartments in Downtown Denver, what do you think…
A: Lets understand the coordination between the manufacturing activity and consumption activity with a…
Q: Economics Given a) Find IS equation in both variables and numbers b) Find ‘Y’ when i=10% & 5% c)…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: Gilberto and Juanita are farmers. Each one owns a 12-acre plot of land. The following table shows…
A: Absolute advantage refers to the ability of an economic entity to produce a greater quantity of a…
Complete the following table and illustrate by graph following variables (TFC, TVC, TC, MC)
Q |
TFC |
TVC |
TC |
MC |
ATFC |
ATVC |
ATC |
0 |
20 |
0 |
|
|
|
|
|
1 |
|
35 |
|
|
|
|
|
2 |
|
38 |
|
|
|
|
|
3 |
|
40 |
|
|
|
|
|
4 |
|
55 |
|
|
|
|
|
Step by step
Solved in 3 steps with 4 images
- Freds enjoys smoking cigars but cigar smoke makes his wife , Wilma feels ill. Use a graph to show that Fred's consumption of cigars will be inefficient if he ignores the costs imposed on Wilma.Prepare a SWOT analysis using the details below. Maria is planning to open up a Cafeteria near her house. She closed her previousCafeteria few months ago because the rental keeps getting higher and the income is decliningbecause of the COVID19 pandemic. It came up to her the idea to open again since a lot ofpeople are asking for online delivery of their favorite snacks offered in her shop since most ofthe people would stay at home and would prefer food delivered in their doorsteps. Since sheowned a vacant lot near her house, and she thought that re-opening her shop in that locationwould be a great idea and she will not pay rentals anymore. And her Café Services will stillcontinue but with the added services like the Food Panda does.An estate agent advertises its houses in two media; Daily Graphic and Ghanaian Times. The agent believes that there is a relationship between the sales S and the amounts spent on the two advertising media. The relationship is given by; where, d is the amount spent in Daily Graphic and g is the amount spent in Ghanaian Times. The estate’s agent fee is 12½% and this includes the cost of adverting. If the agent has planned to spend only 200 thousand Ghana Cedis on advertisement, show how it should be allocated between the two media in order to maximize net profit.
- Graph the following situtaiton for the economy:Replacement car parts are an inferior good. The country is going through a recession. Simultaneously, the price of a key raw material used in making replacement car parts goes down. What happens to the price and output of replacement car parts? Briefly explain. Briefly explain. In addition, show this graphically by choosing the appropriate graph from the four graphs (A - D) in the picture belowi will 10 upvotes dont use chatgpt
- What is an example of a change in equilibrium? Explain the change and provide a graph(Hint: Example 11.4, p.162/280) Avis Company is a car rental company that is located 3 miles from the Los Angeles airport. Avis is dispatching a bus from its offices to the airport every 4 minutes. The average traveling time (round trip) is 30minutes. a- How many Avis buses are traveling to and from the airport? b- The branch manager wants to improve service and suggests dispatching buses every .5 minutes. She argues that this will reduce the average traveling time from the airport to Avis offices to 2.5 minutes. Is she correct? If your answer is negative then what will the average traveling time be?Assume that a retailer sells 1000 six packs of Pepsi per day at at $3./6pk. You, as an economic analysis , estimate that the cross price elastcity between pepsi and coca cola is 0.4. If the retailer raises the price of coca cola by 10%, how would sales of pepsi be affected, ceteris paribus, why
- Imagine a country XYZ that produces only two goods—chairs and tables. Together, the chairs and tablesindustries use all of the economy’s factors of production. The table below shows the productionpossibilities for XYZ:Production Possibilities for XYZChairs Tables600 0450 150300 250150 325 0 375 use the slope (rise/run) to solve it and describe what happen A. What is the opportunity cost of increasing tables production from 250 tables to 325tables? If I solve it by using slope method (250-325)/(300-150)=-0.5 is it correct? Because we should use slope method (Y2-Y1)/(X2-X1)Susan is a talented artist who sells hand-crafted goods on her website. Susan currently crafts and sells both crochet hats and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. Choice Hours Crafting Produced (Crochet hats) (Cutting boards) (Crochet hats) (Cutting boards) A 8 0 4 0 B 6 2 3 8 C 4 4 2 14 D 2 6 1 16 E 0 8 0 17Consider the following graph, which shows the relationship between an individual’s income and the number of times he or she eats out each month. Hint: When answering the following, be sure to specify the appropriate units. The blue point already shown on the graph shows the data for Cho. According to the graph, Cho’s income is ______ (options: $6000 per month, $6000, $12, $12 per month), and she has _____ (options: 12 dinners out per month, 6000 dinners out, 12 dinners out, 6000 dinners out per month). Suppose Cho’s friend Bob has an income of $3,000 per month and has 6 dinners out per month. Plot this on the graph.