For this Short Run firms costs, explain the SHAPE of each curve: MC, ATC and AVC. Where would the AFC be located and why?

Q: After you show that you're in an approved apprentice training program, you can receive up to _______…

A: There are different licensing requirements for an electrician an apprentice, journeyman or master…

Q: 1. The broader economic factors is also called micro-economics. Group of answer choices True…

A: Since you have provided multiple questions, we will solve the first question for you. If you want…

Q: How much do you have to deposit now with a second deposit in the amount of $700 at the end of the…

A: There are two cash flow diagrams in this question.  First cash flow: year 0 deposit = A0 and year 1…

Q: Please explain classical political economy view of market mechanism in regards to Adam smith,…

A: The classical political economy view of the market mechanism is that it is a self-regulating system…

Q: 1. Consider a wine dealer who has k bottles of wine. The dealer can sell them now (t = 0) or can…

A: Given ,  Value of (k) bottles in t-th month : Vt = ket Risk free rate = r     Present value refers…

Q: olquas 7 Consider the accompanying cash flow series at varying interest rates. What is the…

A: Given  The formula of the present value of money: P=F1+in

Q: Suppose than an economy has output Y = AK 0.3L 0.7, that Y equals $42 trillion, capital K is $64…

A: Production function: Y = A K0.3 L0.7Y = $42 trillionK = $64 trillionL = 125 million workers

Q: What is Monopolistic Competition. What are the features of monopolistic competition?

A: Market refers to the mechanism in which buyers and sellers interact to reach an agreement on the…

Q: For the following statements, identify whether it would be included or excluded in calculating GDP.…

A: GDP is made up of commodities and services generated for market sale as well as certain non-market…

Q: Which is a better approach to management in a free market economy?

A: Supply and demand are the foundation of the free market, which has little to no governmental…

Q: A firm should cease production if it is making losses. Explain with relevant diagrams.

A: The aim of any firm in the market is to maximize the profit. The profit is the difference between…

Q: How does self interest affect societal interest?

A:

Q: QUESTION 5 1. According to the quantity theory of money, a 10% increase in the quantity of money…

A: As per the quantity theory of money, the general value level of labor and products is corresponding…

Q: Profitability Index A project has an initial cost of $40,000, expected net cash inflows of $12,000…

A: Hence the answer

Q: In 2004 the change in business inventories is -$50 billion and GDP is $160 billion. Final sales in…

A: Gross domestic product (Gross domestic product) is the all out financial or market worth of the…

Q: QUESTION 4 Why is GDP sometimes higher than potential GDP and other times lower than potential GDP?…

A: Gross domestic product estimates the money related worth of definite labor and products — that is,…

Q: Assume that a person's vitility function is given TU = 2x¹¹2²¹/2 Assume by the following function.…

A: utility function is an important concept that measures preferences over a set of goods and services.…

Q: The production possibility frontier of an economy is as shown in Figure 1. (a) () If the economy…

A: The Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two…

Q: Please explain 2021 bipartisan infrastructure bill?" what is the relevance of if its work to adam…

A: Because it contains measures for infrastructure investment that would foster economic growth and…

Q: Find the amount at the end of 2 years and 7 months if 425,000 pesos is invested at 8% compounded…

A: Given Information: Amount of Investment (P) =425000 pesos Interest rate = 8% compounded quarterly…

Q: A consumer of two goods has indirect utility v(p, w) = 1/2 + P₂ (a) Find the indirect money-metric…

A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…

Q: Vince loaned a certain amount from a cooperative and promised to pay it back with 2.33 times his…

A: Loan Amount = A Maturity Amount = 2.33A r = 10.42%

Q: The following graph shows the market for croissants in Philadelphia, where there are over 1,000…

A: Given:

Q: The government leaders of Nestua believe that corporations in Nestua are not paying their fair share…

A: Answer to the question is as follows:

Q: A) True or false: The marginal utility of good 1, that is, MU1, must be diminishing in x1. B) True…

A: 1) Solution: True Explanation:  The marginal utilities of good 1 will be calculated as: MU1 = ΔU/…

Q: Having an outdoor arena that will host country music concerts a half-mile from your neighborhood…

A: The benefit or cost that is imposed on a third party is not incorporated into the final cost is…

Q: Keynesian economists believe that the classical dichotomy does not hold in the short run believe…

A: Keynesian economics developed by John Maynard Keynes deals with macroeconomic theory of total…

Q: PRICE (Dollars per pound) 10 9 8 6 5 4 3 2 1 0 0 Demand 10 20 30 40 50 60 70 80 90 100 QUANTITY…

A: Price Elasticity of Demand is an important concept which shows that how sensitive a good or service…

Q: Uniform Payments You just graduated. Congrats. You need a car to get to your new job at Intel. Uncle…

A: Given  Present value or loan amount =$9000.Credit card rate =20% per year We know that 1 percent…

Q: A consumer of two goods has indirect utility v(p, w) = -1/2 P₁ + P₂ (a) Find the indirect…

A: Indirect utility actually shows the combination between price of a good and income of a consumer…

Q: Suppose in the market for tickets, Demand is given by Qd=100,000-100P. Suppose producers can…

A: The consumer surplus is the difference between what they are willing to pay and what they actually…

Q: Given the following demand function: Q=15.6-0.5 p (a) Graph the demand curve. (b) Calculate for…

A: Given  Demand function: Q=15.6-0.5p To draw the demand curve, we just require x-intercepts and…

Q: Consider the following supply and demand curves: Demand: Price = 50-3.5*Qd Supply: Price = 20+.5*Qs…

A: To find the subsidy bill we firstly need to find the final equilibrium quantity after the subsidy is…

Q: Problem 15: In public policy, governments are concerned about the welfare of consumers and…

A: Demand function: D(p_=4-p2 ..... (1) Supply function: S(p)=4p-1      .... (2) We need equilibrium…

Q: If Real GDP in the previous period was $15,840 billion, the economic growth rate is ________% in the…

A: In contrast to the nominal GDP growth rate, the real economic growth rate adjusts for inflation when…

Q: Give me a basic explanation/description of game theory.

A: Nash equilibrium is an idea inside game theory where the optimal outcome of a game is where there is…

Q: Consider a sample space S = {1, 2, 3, 4, 5, 6}. You define A as {1, 4, 6}, B as {1, 2, 4, 5}, C as…

A: Answer to the question is as follows:

Q: Star Labs wants to set up a trust fund for its new research facility, eaming 12% compounded annually…

A: Given, Rate of Interest, compounded annually = 12% Annual Operating Cost = 10,000,000 Replacement…

Q: 3. Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the…

A: Given  Short-run price elasticity of demand ed=0.2 Long-run price elasticity of demand Ed=0.7 We…

Q: Luther’s company has just received an order for 1,200 of its Flying Z machines. The customer wants…

A: * ANSWER :-  Given that ,  The company receives an order of flying z mechine= 1200 The customer…

Q: 1. Consider a wine dealer who has k bottles of wine. The dealer can sell them now (t = 0) or can…

A: Given ,  Value of (k) bottles in t-th month : Vt =ket Risk free rate = r Putting values into the…

Q: A6   b4. Elaborate on any four current external risks that may affect trade activity of Singapore.

A: The voluntary exchange of goods or services between various economic actors is referred to as…

Q: #3. Fiscal policy can affect the rental cost of capital. true or false.?

A: Fiscal policy is the use of government spending and taxation by the government to influence the…

Q: 2) Please answer the following parts: A. Describe the short-run effects of a rise in oil prices. B.…

A: The answer to the above question is as follows:

Q: International Trade-End of Chapter Problem The accompanying table provides data regarding domestic…

A: In the free market the economy determines the equilibrium point through the forces of demand and…

Q: How would the Autonomous Vehicles technologies affect workers (e.g., productivity, employment…

A: For economists, technology is everything that makes production of goods faster, better, or less…

Q: A consumer of two goods has indirect utility v(p, w) = -1/2 P₁ + P₂ (a) Find the indirect…

A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…

Q: Three stocks have share prices of $20, $10, and $30 with total market values of $400 million, $350…

A: Price weighted index is the average of prices of stocks. The price of stock has strong influence on…

Q: Perform these same calculations for 2018 and 2019, and enter the results in the following table.…

A: CSPI measures the overall price of market basket of goods and services which is fixed throughout the…

Q: ENGINEERING ECONOMICS DISCOUNT A hardware store purchased a tool of 20,000 pesos per unit. At what…

A: Here, given information is: Cost of the tool: 20,000 pesos Discount provided on sales price: 15%…