Given that the firm's TFC=$10, complete the following table: (Note: you must show your calculations for each unknown item. Failure to do so will mean deductions.) Formula manipulation is needed in most instances. A box with xx means you do not have to solve for it. There are 28 boxes you have to fill. You may insert your calculation in EACH box, or show your calculations below the table. Each answer must be accounted for by a calculation. Do not assume that one calculation is enough to cover all your answers. AVC AFC ATC TVC TC MC XX XX 80 54 58 4 62 76 12
Q: of wealth function is given by u (x) = x0.25, what is (In other words, what is Will's certainty…
A: Given that, Prospect Y = ($7,0.25;$17,0.75) Solution in step 2
Q: 3. What are the effects of the following events on the monetary base? i. The Treasury writes checks…
A: The monetary base is defined as currency in circulation along with bank reserves.
Q: A funeral home director enters into a written contract to buy five caskets from CASKETS AND MORE,…
A: There is a written contract to buy five caskets at $1000 per casket.
Q: Tacoma's population in 2000 was about 194 thousand, and has been growing by about 10% each year. a.…
A: Given population in 2000 = 194 thousands Constant Growth rate = 10 %
Q: Sort each of the scenarios as to whether or not they are characteristic of price leadership. Assume…
A:
Q: An increase in the minimum wage would O a. decrease the quantity of labor demanded while increasing…
A: A minimum wage is the lowest remuneration that employers can legally pay their employees—the price…
Q: What kinds of markets should a government tax according to the Ramsey taxation result? What is the…
A: Ramsey taxation is about the optimal taxation system that maximise the tax revenue with given…
Q: Rail freight carloads and intermodal container traffic and changes are a telltale of supply chain…
A: Answer -
Q: 1. Match the description to the type of tax, v Tax on the use of vehicles, gasoline, alcohol,…
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…
Q: Peter's Pencils is a perfectly competitive company producing pencils. Suppose Peter is producing…
A: For Perfect competition, we know that P = MC AND P = MR In this question P>ATC so the firm is…
Q: What are the different methods of economic protectionism?
A: When countries try to stop or limit the flow of goods into their borders, they engage in…
Q: Assume that the price elasticity of demand is - 2 for a certain firm's product. If the firm raises…
A: The elasticity of demand decides if the rise in the price would lead to rise in the total revenue or…
Q: Please answer fast
A: Market refers to the place where the buyers or sellers exchange the goods in the market. It means…
Q: Monopolistic competition is a market structure in which Question 11 options: a small number of…
A: In a monopolistic competition, there are many firms and buyers in the market.
Q: physical |product (TPPL) (АPPL) (MP 1 7 2 20 3 39 4 55 5 66 6 70 7 70 8 67 lculate the marginal…
A: All answers given below,
Q: Define the production function, f(x), and the average product associated with it. How do you…
A: Production is the process of transformation of inputs into output by using factors of production .…
Q: You have the following wage band Housekeeper $ 11-12 The band is…
A: The following wage band of housekeepers is $11-12. The band is increased by 5%
Q: You are planning to setting up a Fruity Juice Stand. The stand itself costs IDR 2,000,000,- The…
A: Given:- Stand cost=IDR 2,000,000Plastic glass cost=IDR 5000 Please find images attached for detailed…
Q: Which of the following is not an assumption of indifference curve? Indifference curves tend to be…
A: Indifference curve shows different combinations of two goods that give same level of utility.
Q: 1. A furniture store sold picnic chair for $22.95 during a promotional sale. The store bought the…
A: Cost of coffee maker = $36 less 40% and 15% Now the actual cost = 85% of (60% of 36) = $18.36…
Q: 9. There is evidence that the law of one price holds for the U.S. even though the pass-through of…
A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…
Q: What is the opportunity cost of moving from point C to point B
A: The economics as a study is based upon the basic idea that the resources which are present with the…
Q: 24. In Hong Kong. the price elasticity of demand for MTR (Mass Transit Railway) rides is 0.4. When…
A:
Q: A cannabis business operates as follows. Let X, be the amount of cannabis in its inventory on the…
A: Introduction Here Xn be the amount of cannabis of its inventory on the last day of month. He has…
Q: (Figure: Price Discrimination 2) The following figure shows a business that price discriminates. The…
A: Price discrimination is the defined in Economics as a practice of charging different prices from…
Q: lim x" = an for any positive integer n, is an example of a of limits. a. Property O b. Rule O c Type
A: Given: limx→axn=an
Q: The Canadian government is successful in financing its "Investing in the Middle Class Budget" by…
A: When talking about international exchange activities, these activists are recorded in different…
Q: When the interest rate falls, how does the opportunity cost of holding money and the quantity of…
A: Interest rates are defined as the form of reward given to the investors for investing their money…
Q: Which of thne following does not lead to an increase in consumption A Higher unemployement (B Higher…
A: Consumption is the act of using resources to satisfy current needs and wants. It is seen in contrast…
Q: a. Using the graph above, at the world price of $80 per tire, how many tires will the United States…
A: Here the supply curve is the curve depicting how much production of manufacturing goods is being…
Q: If apples have an own price elasticity of -1.2, we know the demand is elastic. Can you explain why?
A: In the question, elasticity of demand for apples is -1.2. In price elasticity, we ignore the…
Q: Suppose the economy is in a recession, which of the following fiscal policy can the government use…
A: When the economy is in recession, the real GDP or falls.
Q: 16. The demand for good X is estimated to be Q, = 10, 000 – 4Px + 5Py+ 2M + Ax where Px is the price…
A: Cross price elasticity of demand measures the responsiveness of quantity demanded of good 1 with…
Q: ATC ATC2 ATC3 ATCA 8. 2 4 8. 10 Quantity (thousands of copies per day) A copy shop is choosing…
A: Average Total Cost is the sum of all costs incurred divided by the total number of units produced.…
Q: Demsetz argues that many market failure arguments are wrong because they ignore that real life is…
A: Economists look at a variety of issues known as "market failure" - conditions that, at the very…
Q: ark an American has $6 million that he intends to invest in Kenya. The macroeciomic variables of the…
A: Covered interest rate arbitrage refers to the process of capitalizing on the different level of…
Q: Explain why a negative externality creates a cost for the society and how it can be reduced, give an…
A: Negàtive externàlity fàctors occur when the use or production of good càuses a harmful effect on…
Q: P75.50 to P20.00?
A:
Q: Problem #1 Below is the demand schedule for rice during the month of January 2021. Create the demand…
A:
Q: Select from the List in bold print, the Institutional Sector to which the following Institutional…
A: The entity that is capable of owning assets, engaging in economic activities, and incurring…
Q: Consider two economies, A and B. Economy A has a marginal propensity to consume of 0.9, a net tax…
A: In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate…
Q: Select the BEST cost and benefit analysis technique if the time to obtain the profit is long while…
A: In the investment market, there are various methods to make an economic analysis of a specfiic…
Q: The following is production data: Orange Orange Toaster Toaster Waffles Waffles Year (Quantity)…
A: PLEASE FIND THE ANSWER BELOW.
Q: Define the production function, f(x), and the average product associated with it. How do you…
A: Production is the process of input transformation into output by uses of factors of production .…
Q: Assume that you buy a l-year, 150,000-peso Philippine bond that pays 8 percent when the exchange…
A: The exchange rate is 1 Canadian dollar for 40 Pesos. You buy a 1- year,150,000 pesos Phillippine…
Q: A monopolist firm faces a demand with constant elasticity of -2.0. It has a constant marginal cost…
A: Given the elasticity = -2 MC = 20 dollars
Q: Using the graph above, answer the following questions: • What is happening to the supply curve? •…
A: Supply shock is situation where there is sudden increase or decrease in availability of goods more…
Q: Factors leading to government failure Answer Bank The United States uses a graduated tax system.…
A: The answers are - Politicians often want to keep constituents happy more than they want to correct…
Q: Prospect Y = ($6, 0.25 ; $19, 0.75) If Will's utility of wealth function is given by u (x) = x0:25,…
A:
Q: A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants…
A: Fixed cost = 10,000 Variable cost = $5 per unit Revenue = $15 per unit
Step by step
Solved in 2 steps with 1 images
- What is the principal goal of a firm like CorpCo? As a managerial economist how would you define an ‘optimal decision’ for a firm? The firm is considering investing $300,000 for a period of five years. Expected earnings are $50,000 in year 1, $60,000 in year 2, $75,000 in year 3 and $90,000 in years 4 and 5. Should the firm decide to invest, if the interest rate is 8%? The firm paid a dividend of $6 during the past year and it estimates dividends to grow at 7% annually in the future. Firm’s stockholders require a rate of return of 14%. What would be the expected value of each share today? Which are the two basic risks affecting returns when shareholders value any business? Briefly explain.Please give me correct answer with full explanation and calculation otherwise i give downvoteThe cost formula for a company can be modeled by C=1092+40x+0.1x2C=1092+40x+0.1x2 where xx represents the number of items made. A formula for the company's income is modeled with R=108x−0.9x2R=108x-0.9x2, where xx is the number of items sold. A company will break even when its costs equal its income. How many items must a company make and then sell to break even? Answer: (If there are multiple answers, separate the answers with a comma.)
- Please give me correct answer with calculation and full explanation; otherwise, i give downvoteA convenience store manager earns a base salary plus a small bonus of $60 for each of ten different possible monthly milestones he meets. If the manager meets a milestone, the full bonus is paid. However, if the manager falls even one penny short, none of that bonus is paid. Suppose each of the ten milestones requires 40 hours of effort to meet, and that the manager has 160 hours of effort to allocate to work each month. In order to maximize the total monthly bonus, the manager should allocate hours toward meeting each of milestones and hours toward meeting each of the remaining sales milestones.It is known that a certain company sells each kg of the product it manufactures at $80, it is also known that the total manufacturing cost "CT" is given by the function CT=(1/1000)x2 +100 , where "x" are the kg of product produced. a) How many units of "x" must the company sell to break even? Value = 100 points.b) How many units of "x" is the optimal quantity that should be sold to optimize the producer's profit? Value = 100 points.c) How many monetary units does that optimal profit for producers amount to? (remember, you will have to prove it mathematically either by the method of the first or by the method of the second derivative). Value = 100 points.
- Your software company recently instituted a highly regarded training program for newly hired software developers. The benefits of this program include not only the benefits to employees but also the goodwill generated by an increase in your reputation among customers and professional groups. The costs of this training program include all of the labor, space, and consultants necessary. Suppose these benefits and costs are given by B(Q) = 100Q - 2Q2 and C(Q) = 10Q, where Q represents the amount of hours each software developer should spend in training. (Note that MB = 100 - 4Q, MC = 10, and that time can be measured in fractions of one hour.) What level of Q maximizes the total benefits of your newly introduced training program? What level of Q minimizes the total costs of the program? What level of Q maximizes the net benefits? What level of training is optimal? Why?Your software company recently instituted a highly regarded training program for newly hired software developers. The benefits of this program include not only the benefits to employees but also the goodwill generated by an increase in your reputation among customers and professional groups. The costs of this training program include all of the labor, space, and consultants necessary. Suppose these benefits and costs are given by B(Q) = 100Q - 2Q2 and C(Q) = 10Q, where Q represents the amount of hours each software developer should spend in training. (Note that MB = 100 - 4Q, MC = 10, and that time can be measured in fractions of one hour.) What level of Q maximizes the net benefits? What level of training is optimal? Why?Your software company recently instituted a highly regarded training program for newly hired software developers. The benefits of this program include not only the benefits to employees, but also the goodwill generated by an increase in your reputation among customers and professional groups. The costs of this training program include all of the labor, space, and consultants necessary. Suppose these benefits and costs are given by B(Q) = 100Q − 2Q2 and C(Q) = 10Q, where Q represents the amount of hours each software developer should spend in training. (Note that MB = 100 − 4Q, MC = 10, and also that time can be measured in fractions of one hour.) a. What level of Q maximizes the total benefits of your newly introduced training program?b. What level of Q minimizes the total costs of the program?c. What level of Q maximizes the net benefits?d. What level of training is optimal? Why?
- Please let me know if my answer is correct. I am between C and D. If you can please also let me know why the other choices aren't correctYou are the manager of a firm and you are required to optimize the Cobb Douglas function given the following parameters. The maximum amount of money available is $1600 where the price of K = 12 and the price of L=6. That is PK=12 and PL=6. The function is given as q=K0.4+L0.6. What are the optimal values of K0 and L0?This question illustrates the argument on p.114 of the book. A and B own neighboring properties. Beneath their properties is a common well that contains 200 units of oil. The cost to A of extracting oil from the well in period t depends on the number of units of oil in the well at the beginning of the period t, ut, and the number of units of oil A extracts in period t, xAt ; specifically, the average cost of extraction for A per unit in period t is xAt /ut. The analogous cost function for B is xBt/ut. The market price of a barrel of oil is 1, there are two periods (t = 1, 2), and the discount rate is zero. The oil is a common property resource. a) (2) Suppose that A and B "unitize" and cooperatively decide how much oil to extract, and split the profit between them. The jointly profit-maximizing policy is that each extracts 50 units of oil from her well in each of the first two periods, after which the well is dry. How much discounted profit will A and B each make? b) (2) Suppose…