Exhibit: Costs of Producing Bagels (cents) Quantity of Bagels per Period Costs 10 1 2 3 4 5 6 7 Total Variable Total Fixed Costs 18 0 20 30 35 45 60 80 105 135 10 10 10 10 10 10 10 10 10 The average total cost of producing two bagels is:

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A: Given  Regression equation: Y=α0+α1x1+α2x2+ε         A linear regression equation is used to find…

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A:

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A:

Q: Units 1 2 3 4 5 Marginal Utility 10 8 Toffee (bars) 5 3 1 0 0 Total Utility 10 18 23 26 27 27 27…

A: MU is the enjoyment a consumer gets from every additional unit of consumption. It computes the…

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A: CPI is the consumer price index.  Inflation is the increase in price level over a period of time.…

Q: 4. Is monopolistic competition efficient? Suppose that a company operates in the monopolistically…

A: Monopolistic competition exists when many firms offer contending products or services that are…

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A: The above utility function is of Cobb-Douglas form: U(x,y) = xay1-a So we use the formula to find…

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A: Consumer surplus is the monetary benefit that consumers receive when they pay a price lower than…

Q: Q (units) 0 1 2 NMT 3 4 5 P ($) 50 45 40 35 30 25 TC ($) 10 $105 none of the above 26 42 58 74 90 If…

A: In a monopoly,  A monopolist will produce where MR = MC  MR is the marginal revenue  MC is the…

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Q: Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 VC ATC $20 $36.00 $27.00 $38 $54 $23.33 $68…

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Q: If the inverse demand curve is p = 150-3Q and the marginal cost is constant at $12, how does…

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Q: There is none.

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Q: 1. What is a Pareto improvement? Give a short example.

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A: The aggregate supply, also known as the real GDP, is the total amount of product that businesses…

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A:

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