Find the value of B. Quantity Total Cost $5,000 Fixed Cost Variable Cost $1,000 $1,000 |Average Total Cost Average Fixed Cost Average Variable Cost $4,000 $7000 10 25 8000 B 40 11300 55 15050 70 19700 $8 O $200 $280 $320

Q: Based on Say’s Law... A) In the short run, the production and sales of a $10 product generates $10 ...

A: Based on Say’s Law The correct answer: option (B)  In the long run, the production and sales of a $1...

Q: Quantity Total Fixed Costs Total Variable Costs (Dollars) (Dollars) 0 180 0 1 180 80 2 180 140 3 180...

A: Solution: (a)Formula used (i) Total cost (TC) = Total fixed cost (TFC)+ Total variable cost (TVC) (i...

Q: A cement factory and a hotel are situated next to each another. The cement factory’s demand is descr...

A: The problem is incomplete in the sense that the market structure is not clearly mentioned here, i.e....

Q: The following table shows the daily cost data and demand schedule for a typical firm producing board...

A: Marginal cost refers to the change in total cost with the change in quantity. Marginal revenue refer...

Q: If the percent rise in price is larger than the percent decline in quantity, then: the demand for yo...

A: The price elasticity of demand measures how a change in the price of a product affects the demand fo...

Q: What is the weighting problem? O The problem affecting CPI calculation since everyone buys different...

A:   In CPI the government decides the weightage to be given to each set of goods and services, decidin...

Q: Q1- Find the gross domestic product/income using the income and expenditure method? Q2- personal inc...

A: The measure that depicts the final value of goods and services being produced in an economy within a...

Q: The income elasticity of Abigail’s demand for CDs is 0.75. For Abigail Cds are a normal good or an i...

A: In economics, income elasticity of demand is used to explore the sensitivity of the consumer's deman...

Q: Capital (K) Labor (L) Output (q) 8 0 0 8 1 6 8 2 13.5 8 3 23.5 8 4 31 8 5 37 8 6 42 8 7 46 8 8 49 8 ...

A: Given information

Q: 11. If two goods are complements, this means that a rise in the price of one commodity will induce A...

A: Correct option is C.

Q: Which of the following statements best describes the aggregate supply curve? A) The aggregate suppl...

A: Aggregate Supply curve is an upward sloping curve. 

Q: A4 Suppose that good X is traded in a competitive market. The market clearing price is $25.00 and t...

A: Price elasticity of supply = Percentage change in quantity supplied / Percentage change in price

Q: Economic graphs microanalysis about vouch insurance?

A: To find : Analysis on vouch insurance company. 

Q: £/unit 100 90 SRMC 80 70 60 50 40 30 SRAC 20 D= AR 10 MR 10 20 30 50 60 70 100 Units 40 80 90 Figure...

A: The profit maximization condition are as follows: 1- MR= MC ( Marginal revenue is equal to marginal ...

Q: Other things being constant, when a business issues more stock, the A supply of the stock is greater...

A: A stock is a security that addresses the responsibility for part of a partnership. 

Q: Describe the difference between efficiency and effectiveness in government and give an example using...

A: Effectiveness vs Efficiency:- Effectiveness:- Effectiveness deals with the maximizing the desired r...

Q: A monopoly faces the following demand, total cost and marginal cost equations: P = 90 – .75Q TC = 18...

A: TC=180+15Q+1.75Q2MC=15+3.5QNow,TR=P×QTR=(90-0.75Q)QTR=90Q-0.75Q2Now,MR=∂TR∂QMR=90-1.5QThus, the prof...

Q: The assets of a commercial bank may include all of the following except:   Question 28 options:   ...

A: The depository institutions are those financial institutions which accept monetary deposits from con...

Q: You are interested in the effect of a factory being inspected on whether it reduces its pollution ou...

A: Introduction This effect of fussy regression can be solved by Cartesian method: number of reported v...

Q: Ceteris paribus , in a closed economy , if consumers become more pessimistic ------? -saving will i...

A: When talking about pessimistic behavior, it can be said that people will have lesser confidence on t...

Q: The textbook discusses several things that determine how price elastic the supply of a good or servi...

A: A product's price elasticity describes how sensitive suppliers and buyers are to price changes. It i...

Q: A manufacturer with exclusive rights to a new industrial machine is planning to sell a limited numbe...

A: Given  Domestic demand curve of machine: pD=320-x4         ... (1) Foreign demand equation for machi...

Q: 1. In a certain country, the production function is y = Ak2.The fraction of output invested, s, is 0...

A: Given: The production function is: y = Ak12 The output invested is = 0.25 The depreciation rate is =...

Q: 4. Assume a two-country two-good two-input model. Let the countries in the model be Vietnam and Mya...

A: According to the Hecksher-Ohlin Model, Vietnam is abundant in labour so it exports shirts as the pro...

Q: Millie is looking at the sales forecast for the sales of classic waffles. She has given you some cos...

A:

Q: Q)If you know that the market of banana is in equilibrium, and if you know that the media encourages...

A: The markets are the place where the buyers, and the sellers of various goods and services tend to me...

Q: Question 4: For a compressor the probability of failure occurring during a given week is given in Ta...

A: The term maintenance expense refers to any cost incurred by an individual or business to keep their ...

Q: e accompanying table shows data from the World Bank, World Development Indicators, for real GDP per ...

A:

Q: two (2) differences between the consumer price index and the GDP deflator

A: CPI is Consumer Price Index.  GDP Deflator is Gross Domestic Product Deflator.

Q: This argument is valid (use the Venn diagram to determine it): No X are Y Therefore, some non-X are ...

A: The statement says that No X are Y, it implies that the intersection between X and Y is 0. There is ...

Q: 1. Buyer Seller Relationship 2. Business Competition 3. New Business Venture

A: 1 Buyer Seller Relationship It is the buyer and the seller relationship in between the commitment an...

Q: The lower-income industrial countries are catching up to the higher-income industrial countries in t...

A: True The given statement is true. In these recent years the lower or middle income industrial countr...

Q: Quantity of Nominal interest rate money demanded Quantity of money supplied (percent per year) (tril...

A: The equilibrium nominal interest rate could be defined with the intersection between the demand and ...

Q: Suppose the structural model of Bangladesh is given below: Consumption function, C 100 + 0.80Ya Inve...

A: Goods market equilibrium occurs at a point where aggregate demand equates total income i.e. Y=C+I+GY...

Q: Why it could be the case that after an initial sharp increase, the budget deficit could drop through...

A: Budget deficit is when the government's expenditure exceeds the government's income.

Q: Q³ = 100 + 3P Qd = 400 – 2P where Q³ is the quantity supplied, Qª is the quantity demanded and P is ...

A: The GDP refers to the final value of goods and services produced in an economy during a year. This i...

Q: A certain machine has a initial cost of 50,000 and a book a value of 15,811.39 after five years. Fin...

A: According to the information provided in the question: Total accumulated depreciation (for 5 years)=...

Q: If a bank borrows funds owned by another bank (not the Fed) the interest rate agreed to between the ...

A:

Q: a)Following model was applied to manage a fish stock efficiently in the long run: Harvest function:...

A: Harvest function:    H(E) = 80E-2E2    tons per year where E is the number of fishing boats Cost fun...

Q: Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold his CDs for $200. Ho...

A: Precautions regarding the calculation of GDP: Value-added does not include the sale or purchase of ...

Q: A debit card differs from a credit card in that   Question 16 options:   a)  a credit card is a l...

A: A credit card is a card that allows the cardholder to borrow money from a financial organisation, us...

Q: a.) Graph Teddy's demand curve, with quantity on the x-axis. Suppose there is another consumer in th...

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...

Q: Greenmail Raider Do not Buy buy Management Raider 10 Management 10 Greenmail No greenmail Raider 15 ...

A: Backward induction is used by the Raider to pick takeover at the final decision node.

Q: If MPC=0.75 (and there are no income taxes) and if government purchases fall by 45, then the IS curv...

A: MPC is the marginal propensity to consume which is the change in consumption spending due to change ...

Q: Consider a bond with a principal of $1,000 that pays a coupon of $100 per year. If the bond matures ...

A: Bond: It is a fixed income instrument that represents a loan made by an investor to a borrower. We a...

Q: III. Given: C= 50,000 + .8YDISP T=.25Y TR = 10,000 G= 20,000 I= 10,000 (Consumption Function) (Tax E...

A: Following formulas are used to calculate the: 1) Level of transfer payments: Using the formula for ∆...

Q: he equations below represent the demand and supply curves for annual gym memberships in a certain ci...

A: Given  Demand equation: qD=500-2p        ... (1) Supply equation: qs=0.5p-50          .....(2)

Q: Use the graph below to answer the following question. 10 8 Long Run Average Total Costs

A: Economies of scale (or increasing return) occur when LRAC decreases as output increases. This happen...

Q: A money market mutual fund invests in   Question 21 options:   a)  a combination of stocks, bonds...

A: A money market mutual fund is a type of fixed income mutual fund that invests in debt securities cha...

Q: A firm operating in monopolistic competition is maximizing its profit and earning negative economic ...

A: In monopolistic competition, there are many sellers with some market power. Marginal revenue lies be...