Economic profit is: total revenue minus explicit costs. total revenue minus explicit and implicit costs. total revenue minus implicit costs. total revenue minus accounting costs and normal costs. identical to accounting profit.

Q: Question 2 Refer to the data in Table 1, the consumption function is C = 200+ 0.8 (Y-T). Fill in the…

A: "Macro-economic equilibrium output is attained at a point where income equates the planned aggregate…

Q: 2. Which of the following is True about the graphs below? Unemployment Hours 10.09 0.81 0.08 0.8…

A: Unemployment is an economic state where all those who are willing to work are not getting employed.…

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A: Vertical integration refers to a business strategy that allows a company to streamline operations by…

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A: According to Bartleby policy only first three subpart solve here mention remaining questions…

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A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: 9. Answer ALL parts of this question. Consider a standard Hecksher-Ohlin world, with the following…

A: H-O model refers the international trade concept. As per his theory trade happens dur to factor…

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A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known…

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A: In a market, when an individual acts on behalf of another individual, he is known as an agent.

Q: Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC=…

A: "A perfectly competitive firm is a price taker and is not is a position to influence the price. As…

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A: The term "perfect competition" refers to a condition in the market in which buyers and sellers are…

Q: 4. X generator has a first cost of $20,000, AOC of $15,000, and S of $5000 after 4 years. Y…

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

Q: Suppose that , z the marginal product of efficiency units of labor, increases in the endogenous…

A: The theory that depicts that there is the generation of economic growth within a system due to the…

Q: There is a consumer called Mike. Mike owns an endowment (wOw1) = (2,3). The prices are (p0, p1)…

A: Utility Function  Utility function refers to the function of two goods that may represent the…

Q: 2. Table: The following table shows the private value, private cost, and social value for a market…

A: The level of output that mirrors every one of the expenses and advantages related with an exchange…

Q: will sell smartphones at the given market price, and total Based on the information on the preceding…

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Q: Subject: Manegerial economic & policy Q#1) In your answer to each part below, include references…

A: The Nash equilibrium is a concept in game theory that asserts that the optimal outcome of a game is…

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Q: A manager checked production records and found that a worker produced 225 units while working 50…

A: Productivity is a measure of economic performance that compares the amount of goods and services…

Q: you calculate the marginal cost per dozen pizzas using the information on total cost. Also,…

A: The below formula can be used to find the marginal cost. Marginal Cost = Change in total costChange…

Q: Read the Scenario and answer the questions that follow Assume you are a manager and working in the…

A: In the clothing business required is cotton, there may require different materials for making types…

Q: 7-10. A crane rental company has acquired a new heavy-duty crane for $300,000. The company…

A: Introduction Depreciation Depreciation in the most simple form is the reduction in the value of the…

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A: A normal good always have a positive income effect. This means that if income rise then the demand…

Q: 17. Passports for all Canadians, regardless of age, are valid for 10 years. True False 18. Canadians…

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Q: Experiment 1:ultimatum overview paired into groups of two; one is the Proposer, the other the…

A: Introduction We have given an experiment of ultimatum game and  another experiment of split the…

Q: 1. Which of the following is a tool a company's understanding of its position relative to other…

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

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A: Exponential smoothing is often utilized for the analysis of time-series data. Exponential smoothing…

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A: Production  Production refers to the process at which the goods and services are produced by the…

Q: 7. 2 firms are engaged in Bertrand competition. They each face the following cost curve C(Q) =…

A: Bertrand equilibrium refers to the equilibrium where the price is equal to marginal cost. It means…

Q: TFC TVC 0 65 105 135 167 a. 203 244 293 d. 55 355 432 10 527 3. Draw the short-run MC, AVC, and AC…

A: Given  Q FC TVC TC AVC 0   0     1   65     2   105     3   135     4   167     5 a…

Q: Although fiction isn't claiming to be True,it reveals truths about our world or the way (some)…

A: Fiction means that is related to somehow thought that may or may not be related to reality.

Q: The demand function for a certain brand of compact discs is given by p = -5x² 3x + 35 where p is the…

A: Given  Demand function:  p=-5x2-3x+35             .... (1) "Where p is wholesale unit price and x is…

Q: True or False? Briefly discuss. a. If a firm makes zero economic profit, the firm earns revenue that…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

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A: Given  The given cash flow can be written as: End of year- Payment 1 5000 2 5000+1000 3…

Q: You've decided to sell sweatshirts for the upcoming game. You project that at a price of $36.48 per…

A: Profit is maximized at a point where marginal revenue is equal to marginal cost.

Q: suppose the reserve requirement os 5 percent, banks keep no excess reserves and the currency in the…

A: Excessive reserve are bank saves held by a bank more than a hold prerequisite for it set by a…

Q: The demand function for a firm's domestic and foreign markets are: AT) (5.4) P¡ = 50 - 401 Pa=40-…

A:

Q: • Example: Cash flow diagrams of two different projects are given in the table. Which project should…

A: The measure that depicts the present income stream of cash flows discounted at a specified rate of…

Q: Question 5 The demand curve for an input is also its entire marginal revenue product curve True…

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Q: The population (age 16 and over) of Pageland is 150 million; 11 million are unemployed, and 89…

A: the amount of the jobless who will work and are effectively searching for a task and the jobless…

Q: Example: Imagine you deposit 2000 TL at a monthly compounding rate of 6% for the first 2 years, and…

A: The measure that depicts the value of an investment that is being made in present on a specific date…

Q: 3. Choose the correct answer. Only one answer may be marked/circled. 1. The equal service…

A: 1. Option A is correct because  Specified study period  Explanation  In order to satisfy the equal…

Q: equation is determined De 1506.77-2869.231. The LM equation is given as i = 0.05 nitial equilibrium…

A: IS relation depicts the set of points which represent equilibrium in goods market . IS relation : Y…