Given the total cost function TC - 2,000 + 2*Q. when output is 1,000 units average total costs are. OA $2; $2 O B. $2; $2000 C. $4; $2,000 O D. $4,000; $2,000 and total fxed costs is

Q: You are a consultant on profit maximization. What do you recommend in each of the cases below for a…

A: Perfect competition is a market condition when many sellers are selling homogenous products.  The…

Q: Drybar, a hair salon, faces a weekly demand for blowouts equal to qp = 1120 - 20P. %3D The salon has…

A: Producer surplus is the area above the MC and below the price.

Q: The reduction in the average tariff rates on manufactured products since l 1950 implies all of the…

A: A tariff is a tax that is charged on the goods and services in an economy. It means as more…

Q: For the following alternatives compute the Delta B/C ratio of Alternative D minus Alternative A. Use…

A: Project A D Initial Investment -1500 -5200 Annual Benefit 350 850 Salvage Value 320 2300…

Q: Adam Smith and the "classical liberal" economists who followed in his footsteps viewed persistent…

A: Classical liberals is basically a political and economic ideology, as well as a form of liberalism,…

Q: Price of a vaccination $140 Supply 110 75 D marginal social benefit D= marginal private benefit 550…

A:

Q: 2a) You have the following information about aggregate demand and aggregate supply. Complete the…

A: Aggregate demand is the sum of consumption, investment, government spending and net exports.

Q: Given the function X=(4K)^1/3(L)^2/3 where both capital K and labor Lare functions of z. Solve dX/dz…

A: We use product rule when we have to differentiate the product of two functions.

Q: Every year, Danielle Santos sells 53,856 cases of her Delicious Cookie Mix. It costs her $1 per year…

A: N = 53,856 F = 748 C1 = 1 C2 = 4

Q: What is the International Monetary Fund? What types of loans does the IMF provide?

A: Financial institutions refer to those companies which are engaged in the business of dealing with…

Q: At Dana's dairy farm, the average total cost of producing 19 liters of milk is $10, while the…

A:

Q: B. In oligopoly markets there are only a few sellers.

A:

Q: Consider the following game in strategic form. bị b2 b3 1,6 5,5 8,4 a1 6,9 7,3 a2 4,2 2,2 3,1 6,7 a3…

A: We are going to use iterative elimination of strictly dominated strategy to answer this question.

Q: 6. Which of the following conditions is/are necessary for multiple credit creation? (1) The economy…

A: The major source of supply of money is the central bank, which circulates currency. The growth of…

Q: What are the benefits and pitfalls of unions?

A: Unions are defined as voluntary groups or associations formed by the workers to improve their…

Q: Ministry on International Trade & Industry International Trade

A: international trade is the trading of goods and services between nations. trading worldwide offers…

Q: Please provide a complete solution. Thank you! Find the present value, in pesos, given annual…

A: Answer is given below

Q: Show in a graph a situation when a competitive firm will minimise loss in the short run. Why will…

A: A situation when a competitive firm is making loss in the short run Here, MC= marginal cost MR =…

Q: In your words describe and or explain the relation between savings and investment in an open market.…

A: Savings can be defined as the income or money left with an individual after the consumption.

Q: 2008, a small country imported goods worth $400 billion and exported goods worth $245 billion. It…

A: Balance of trade (BOT) = Value of Exports − Value of Imports Here, BOT is the Balance of trade or…

Q: Is the following statement true? "5 bidders with private values uniformly distributed between 0 and…

A: In-game theory, symmetric equilibrium is an equilibrium where all players utilize a similar…

Q: The price elasticity of demand for food tends to be O unrelated to per capita wealth. the same in…

A: The price elasticity of demand for food is inelastic because we take food as a necessity. If there…

Q: Find the present value, in pesos, given an annual perpetuity of 1,000 pesos with 5% annual interest.

A:

Q: 3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of…

A: The nominal variable is measured in the monetary units.  The real variable is measured in the…

Q: Consider a production function: Q = f (L), where Q represents the output and L is the factor of…

A: The envelope theorem deals with the differentiability of specific variables and how they affect the…

Q: Discuss the discipline of economics from the end of the 19th century to the present from an ethical…

A: An economic system is a way for governments or communities to distribute and organise resources,…

Q: Scenario 13-5 A stationery firm produces and sells staplers. Last year, it produced 5000 staplers…

A: Fixed cost is the cost that remains same at all levels of output while variable cost is the cost…

Q: Discuss briefly the following concepts: 1. Rostow's economic stages 2. Dependency Theory: The…

A: One of the most important historical models of economic development is Rostow's phases of economic…

Q: Interest rate risk; a. is the risk that a bond's coupon rate may change over time b. is lesser for…

A: In a market, interest rate works as the price of a specfiic investment as it is the cost for a…

Q: Consider the market for an agricultural commodity. The direct market demand curve is Q(P) = 660−15P…

A: Quantity is given as: Q(P) = 660−15P Supply is given as: Q(P) = 15P

Q: Assume that the long-run level of output is Y=1000Y=1000, which the economy is also at initially in…

A: Assume that the long-run level of output is Y=1000Y=1000, which the economy is also at initially in…

Q: O b. 40% decrease in quantity demanded

A:

Q: Suppose a bank has $2,500,000 in checkable deposits and the required reserve ratio is 20%. Also, the…

A: Required reserve ratio is a percentage of reserves that commercial banks want central banks to hold.

Q: A building is priced at $100,000. If a downpayment of $40,000 is made, an a payment of $1,000 every…

A: The loan tenure compounded monthly can be calculated with the help of the following formula:…

Q: Suppose that the market for cashmere sweaters is a competitive market. The following graph shows the…

A: Given: Short-run market price per sweater=$ 45

Q: Refer to the attached Figure 14. What was producer surplus before the tax?  A. $75  B. $150  C. $45…

A: Producer surplus refers to the area that lies above the supply curve and below the price.

Q: Smarty’s Dish company manufactures household and commercial satellite dishes according to the…

A:

Q: The figure below illustrates the impact of an export subsidy as imposed by a large country. No…

A: When a large country implements export subsidies, then it increases the domestic price for consumers…

Q: The labor force is the sum of the O. number of employed people and the number of unemployed people.…

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

Q: What uniform series over periods (1,11) years is equivalent at 3% compounded annually to the…

A: First, we will find the present value of all the cashflows. Then, we can find the uniform series…

Q: value is $12,000. The annual insurance cost is 5% of the purchase price. The electricity co is $ 800…

A: Given, Purchasing price of an equipment = $100,000 Electricity cost = 800 each year Replacement part…

Q: The statements given reflect either Micro or Macroeconomic issue.  indicate in each case which you…

A: Microeconomics is the study of households and firms. It is called micro because we have a lot of…

Q: 5. 19. In the Mundell-Fleming model with a floating exchange rate A) monetary policy does not…

A: The economies around the globe are involved in the international trade with each other. The nations…

Q: Solve it correctly

A: The elasticity of demand is the ratio of percentage change in quantity demanded to the percentage…

Q: I.The firm is in the correct position. 2. The firm should increase price. 3.The firm should decrease…

A: IN any perfect competition, the maximum profit is achieved at the point where, Marginal revenue =…

Q: Part 2) Consider the capital accumulation equation: K+1 = I + (1 - 6) KĻ. This equation should hold…

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the…

Q: 5. Solve for the following assuming that uncovered interest rate parity holds. a. is .03, ie-.02…

A: Exchange Rate is the value of a currency expressed in terms of another country’s currency. When a…

Q: The United States is an example of a Federal system where power is shared between the central…

A: A federal government is a system of power sharing that has a central national government and local…

Q: Show the changes to the balance sheets for commercial banks when the Federal Reserve buys $50…

A: At the point when Ded purchases $50 million in US Treasury Bills, then the business recieves…

Q: nalization described in my notes, Section 11.1. If the manufacturer he wholesale price equal to its…

A: Marginal profit is the expansion in profits coming about because of the development of one extra…

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.