2/4class 2 revenue Microsoft PowerPointViewText DirectionShape FitlShape Outlineu6ite-Convert to SmartArtArrange QuickStylesDrawingShape EffectsParagraphThe following table presents the price, cost and production of Samsung mobile companyin 2020. In the short run, the price of the commodity is Rs.4.00 that is fixed bymanagement. Answer the following questions by using the data given from themanagement.•By using these data table, calculate the company's other costs such as Average FixedCost (AFC), Total Cost (TC), Marginal Cost (MC), Average Cost (AC), Variable Cost(VC), Average Variable Cost (AVC), Total Revenue (TR), Marginal Revenue (MR),Average Revenue (AR) and profit (n).•Find out the breakeven point and indicate the equilibrium quantity and price for thecompany.•Draw diagrams for AFC, AVC, AC, MC, TC, TR, MR and AR of the Samsung mobilecompany.QuantityTotal CostVariable Cost21Rs.28Rs.110Rs.646.Rs.1448.Rs.10410Rs.19213.2.Rs 264Rs.1621.22Rs.26225Rs.404| teams.microsoft.com is sharing your screen.Stop sharingHide669xD(35LEGION

The total cost incurred by a firm operating in a market includes fixed cost and variable cost. Fixed…

Answered: 2/4 class 2 revenue Microsoft…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 24CTQ: Suppose the U.S. economy began to grow more rapidly than other counties in the world. What would be...

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https://www.youtube.com/watch?v=6EDCnhbUpgE Modern logistics! It would be hard to imagine our daily digital lives without them. As consumers, we can shop online every day and any hour of the day. We expect everything to arrive on time – whether clothing, printer spare parts or a set of screws. Online shopping is booming: in 2018, courier, express and parcel services, the so-called CEP sector, delivered around 3.5 billion shipments in Germany alone. And this is an upward trend. But how does all this work so smoothly, safely and on time? After all, we live in turbulent times: digitalization, climate crisis, growing world population and political and economic instability. How does the logistics industry rise to such challenges? For answers to these questions we need to dive deep into the world of modern logistics. Our film takes us into huge, fully connected warehouses, watching as fleets of cargo planes are prepared for take-off at night and accompanying couriers on delivery bikes on…
Consider an imaginary price index, the Undergraduate Price Index (UPI), created to represent the annual purchases made by a typical undergradute. The following table contains information on the market basket for the UPI and the price of each good in 2020, 2021, and 2022. The cost of each good in the basket as well as the basket’s total cost are given for 2020. Perform these same calculations for 2021 and 2022, and enter the results in the following table. Quantity in Basket 2020 2021 2022 Price Cost Price Cost Price Cost (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) Streaming services 1 64 64 104 134 Iced coffees 150 2 300 2 2 Textbooks 10 80 800 85 105 Notebooks 8 2 16 2 4 Energy drinks 40 3 120 4 5 Total cost 1,300 Price index 100 Suppose this price index uses 2020 as the base year. In the last row of the table, calculate and…
Use the following information toanswer the questions belowComputers:Soybeans:Total revenue =Total120revenue = 120Payments to labor =60Paymentsto labor = 80Payments to capital =60Paymentsto land = 40Holding the price of computersconstant, suppose the price ofsoybeans rises 10% and that the wagerate increases 5%.a. What is the effect of these changeson the rental rate of capital?b. What is the effect of these changeson the rental rate of land?
Which of the following represents a longrun adjustment? Murtiple Choice A farmer uses an extra dose of fertilizer on his com crop. Unable to meet foreign competition, a U.S. watch manufacturer selis one of tits branch prants. A steel manufacturer cuts back on its purchases of coke and iron ore. A supermarket hires four accitional cierks.
The price of crude oil increased to its highest level due to conditions which impactedsupply. Historically, crude oil has traded at between 70 and 150 USD per barrel. But theprice increased to over 200 USD in March 2022. Growing demand in Canada for crude tobe turned into refined petroleum, coupled with a sharp fall in production in Saudi Arabiahave both been factors in the price increase. Bauxite production in Saudi Arabia for 2017-18 fell 65% year-on-year due to an agreement with OPEC. The Energy InformationAdministration predicts that global consumption of crude oil is likely to be greater thanproduction by 20 million barrels this year.In the US, companies in the steel and alumina industry have put pressure on the USgovernment to relax import controls, warning that otherwise they might run out of petrol.Commentators predict that most steel and alumina producers will be unaffected becausecrude is such a small part of their spending.a. Explain, using supply and demand analysis, why…
Since most consumers spend very little on salt, a small increase in the price of salt will:A. reduce quantity demanded by a large amountB. not reduce quantity demanded by very muchC. not change quantity demandedD. increase quantity demanded by a small amount 2.Fred is considering opening a ski shop in Colorado. Assume Fred will incur the following costs: building rent= $100000/year, inventory= $250000/ year, energy=$50000/year, and labor (one clerk) = $10000/year. In addition, Fred’s current income as a computer programmer is $40000 per year. Assuming Fred would earn $ 460000 in revenues, he could expect to earn:A. an accounting profit of $10000 per yearB. an accounting profit of $ 60000 per yearC. an economic profit of $ 10000 per yearD. an economic profit of $50000 per year 3.Suppose a firm employs only capital and labour (K and L) and its production function is Q = 2KL. If the quantities of labour and capital are fixed at K =10 and L = 25, then:A. total output cannot exceed 125B.…
Q1. A colonial era firm was producing 50 basket and the selling price of each basket was $5. Find the total earning of colonial era firm.
Suppose that the economy in the Jatinagor area has a Production Possible Limit with the equation X² + 4Y² = 64. Calculate what the value of X is if Y = 0 and what is the value of Y if X = 0 What is the opportunty cost of X if Y is constant in the economy or does it depend on the levels of output produced? Explain!
cxalculate the cost of the market basket for 2011, 2012 and 2013?
Consider the following mini-economy composed of two firms (Firm 1 and Firm 2).Firm 1 is a farm and grows $4,000 of Wheat. Firm 1 keeps $1,000 of wheat in a silo to sell nextyear. Firm 1 then sells its remaining $3,000 of wheat directly to Firm 2. Firm 1 uses the $3,000 itreceives from Firm 2 to pay $2,000 to its workers, $200 on interest payments in outstandingdebts, and $800 in taxes.Firm 2 is a bakery and uses the $3,000 of wheat that it purchases to bake bread and sell it. Firm2 produces $7,000 of bread, selling $2,000 to the Government and selling $5,000 to privateconsumers. Firm 2 pays its workers $1,000, pays $1,000 in taxes, and the owner keeps the restof the money remaining as profits.13. Calculate GDP for this mini-economy using the value-added approach. What is thecontribution of each firm to this total GDP? 14. Calculate GDP for this mini-economy using the expenditure approach. What is thecontribution of each firm to this total GDP and what is the contribution of each of…
The Covid-19 pandemic has created changes in consumer demands for products with related impacts on the availability and prices of the inputs used to produce those products. * Please read the Wall Street Journal article "Consumers Open Wallets, And Factories Can't Keep Up" (February 23, 2021) located under Week 6 "Modules" [March 10] before answering the questions given below. *Note: Markets for inputs used to produce a final good or service are called that product's "supply chain." For example, a boat manufacturer might buy outboard motors produced by another company to install in the boat it is producing (see Wall Street Journal article). 1. The Wall Street Journal article reports that beginning in late spring and early summer of 2020, there was a "sharp rebound in consumer demand" for a variety of manufactured products (e.g. cars, boats, furniture, power tools and physical fitness equipment). Using furniture as an example and Simplicity Sofas as a representative producer of sofa…
1.Explain the difference between the scope of macro and micro economics! 5. Determine the equilibrium price and the quantity of goods traded if the market function of cooking oil is known Qd = 20,000-5P ; Qs = -5000 + 20 P. and also draw the curve!

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