LR-ATC Q2 Q3 Q4 Output In the above figure, between Q3 and Q4 units, the firm experiences O a. diseconomies of scale. O b. constant returns to scale. O c economies of scale. O d. None of the answers is correct. LR-ATC
Q: In the Keynesian theory of liquidity preference money supply is related to interest rates ...
A: Keynesian theory of liquidity preferences: According to Keynes, the money demand and money supply ...
Q: In the IS/LM model, there is a labour market depiction full employment a Keynesian...
A: The three basic exogenous, for example outer, factors in the IS-LM model are liquidity, speculation,...
Q: 1. Write the production for your team Stage I Stage 2 Stage 3 Stage Units Value Total Piece in Stage...
A: Answer a. Assuming that the production for the third stage was double, the new values are : UNITS...
Q: For the following industries, state whether the long-run average cost curve has an extended range wi...
A: Returns to scale is the quantitative change in outputs of an industry or firm in response to an incr...
Q: Banks may money out of other people's money. True False
A: The banks can generate money from people money and this can be done in many ways, one way is to use ...
Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000...
A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas fix...
Q: Q1- Find the gross domestic product/income using the income and expenditure method? Q2- personal inc...
A: The measure that depicts the final value of goods and services being produced in an economy within a...
Q: 4. NSW government provides 200$ of active kids vouchers to an average family in NSW. 50% of such vo...
A: Income Elasticity refers to the percentage change in quantity demanded with the percentage change in...
Q: Can an activity generate both positive and negative externalities at the same time? Explain your ans...
A: Please find the answer below.
Q: farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat into ...
A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve the first three ...
Q: Problem 08-10 (algo) The manager of a local monopoly estimates that the elasticity of demand for its...
A: The profit is maximized where the MR=MC.
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: L APL L TPL MPL 1 15 38 3 70 4 120 160 6. 186 7 200 8 210 9. 216 10 218 11 216
A: APL=TPLLWhen L=2,AP=382=19Now,When L=4MPL=TPLn-TPL(n-1)MP=120-70=50
Q: In the IS/LM model, the fiscal policy multiplier with respect to interest rates is (α corresponds to...
A: The correct answer is given in the second step.
Q: Consider the production function Y =(AK" L ). Suppose both saving rate (s) and the depreciation rate...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: Dave's opportunity cost of producing 1 pound of green beans is ______ pound(s) of corn. Multip...
A: Total possible production of each good is Product Green Beans = 80 Corn = 160
Q: Case: As part of the most recent collective bargaining agreement with employees, an employer must of...
A: Proposal-1:- Due to the inclusion of pre-existing condition coverage, this proposal may entail adver...
Q: The sample variance is _______. a 8285.94 b 9469.64 c 10521.83 d 11690.92
A: Given sample data X 430 440 545 605 310 345 395 440 variance is the squared deviation of a popula...
Q: Presidential Power Pros Presidential Power Cons
A: The ability of businesses, countries, or individuals for bringing an improvement in their standard o...
Q: a) Derive the aggregate supply curve according to new Keynesians.
A: Introduction Keynes fundamentally disagreed with the classical model . He said that in the economy p...
Q: Use the information contained in the figure below, which contains the NPV profile for Project A (sol...
A: The correct answer is given in the second step.
Q: An annual deposit of P1,270is placed on the fund at the end of each year for 6 years. If the fund ha...
A: Annual constant deposit = 1270 Time = 6 years Interest rate = 5 % compounded annually
Q: There are about 2500 leather wallets available in a country. When the price of these wallets is rais...
A: We will form the demand and supply equations using the equation of a line. Suppose, there are two po...
Q: A price tag of P 1,200.00 is payable in 60 days but if paid within 30 days it will have 3% discount....
A: Given: Price tag=P 1200 Payable=60 days Discount=3% Paid within=30 days
Q: Business cycles are: O fluctuations in stock prices over time. O changes in the unemployment rate ca...
A: Business cycle refers fluctuations in an economy which includes expansion or contraction. When econo...
Q: Consider a multi-product monopolist that produces two goods q1 = Q1 (P1, P2) Bonus question and q2 =...
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...
Q: 3. Discuss the long debate of economists whether there is a significant loss of well-being to societ...
A: Introduction Perfect competition and imperfect competition both are a part of market. Perfect compe...
Q: 4. Explain the significant difference of the product distributed by a perfect competition which is h...
A:
Q: Explain the straightforward path on how a bill becomes a law in our state.
A: Bill A bill is basically a draft of a legislative proposal that, if approved by Parliament's both ho...
Q: Pizzas are produced using capital as a specific factor and labor as a mobile factor. The graph below...
A: Given that; Pizzas are produced using capital as a specific factor and labor as a mobile factor.
Q: what is the Classical, Keynesian and Monetarists view of monetary policy.
A: To find : What is monetary policy according to classical, Keynesian and monetarists .
Q: The figure shows three supply curves for wheat. Which of the following would cause the supply of whe...
A: Supply curve is upward sloping and shows a positive relationship between price and quantity supplied...
Q: QUESTION: Can you decide whether to invest after these analyses? If not, what to do next?
A: If money is invested in money market then to calculate the return on $190000 ( as this is the highe...
Q: Compatibalism about free will is the thesis that
A: To find : What is thesis about compatibalism about free.
Q: If the price of beef was $45.00 what is the optimum number of cows and the profit or loss at that nu...
A: Solution:- (i) If the price is $45., the optimum level of input is 50. At this level, we get $1366.2...
Q: The solid line represent current PPF while the dashed line represents a country's desired PPF. Choos...
A: PPF or the production possibility frontier is the locus of all the combinations of two goods or serv...
Q: You are paying a series of five constant-dollar (or real-dollar) uniform payments of $2,295.9 beginn...
A: Given that, Uniform payment of $2295.9 The inflation rate is 32.99% The market interest rate is also...
Q: If new cars are an elastic good then: If the price of new cars goes up people will buy more If the p...
A: The elasticity of demand explains the percentage change in quantity demanded due to the percentage c...
Q: The social capital must be divided to allow for simple reproduction: 1-ku %3D Question 5. What is th...
A: The analysis of the conditions of reproduction and accumulation of aggregate social capital, accordi...
Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...
A: a. Aggregate demand is the sum of consumption and investment, so it is true. b. c0 is autonomous con...
Q: Price £/unit MC AC D Q2 Qs Q1 Quantity/ week Figure 8 Demand and cost curves for a price-taker firm ...
A: A price-taker is a person or business that is forced to accept market prices because it lacks the ma...
Q: Let (inverse) demand be Pb= 106 - 4 Qb and (inverse) supply be Pv= 19 + 1 Qv. How much producer surp...
A:
Q: A monopolist serves a market with five potential buyers, each of whom would buy at most one piece of...
A: A monopolist market is a market condition where only one company may offer products and service to p...
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: What does the Consumer Price Index (CPI) measure? Be specific about what the categories of goods and...
A: Macroeconomics is an important aspect for a country. Aggregate demand and aggregate supply are compo...
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: 1. Which of the following is a likely scenario following a prevalent increase in death from HIV/AIDS...
A: B. Labor participation rate may decrease. Option "B" is correct. Due to increase in death from HIV/A...
Q: Drop box one options ( costs of producing or market value of or wholesale cost of) Drop box two (fin...
A: The following boxes can be completed based on the different set of options is as follows :
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: Your friend made an investment of P 45,000.00 for 60 days at 15% simple interest. If withholding tax...
A: In the above question, it is given that : Initial Amount = P 45,000 Time period = 60 days Interest ...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?(a) What do we mean by "returns to scale"? (b) In this context, list and explain the three different types of returns to scale that a firm could experience in production.
- a. Define economies of scale and explain why they might arise. Definediseconomies of scale and explain why they might arise. b. Explain the relationship between total product, marginal product, and averageproduct.c. How does fixed cost affect marginal cost? Why is this relationship important?WW is a small automobile manufacturer. The table below shows WW’s long-run average total cost: Quantity of cars LRATC of car 1 $60,000 2 40,000 3 30,000 4 24,000 5 24,000 6 24,000 7 28,000 8 36,000 which levels of output does WW experience economies of scale? ___________ which levels of output does WW experience diseconomies of scale? ___________ which levels of output does WW experience constant returns to scale? ___________Both short-run and long-run average cost curves are likely to have a negative slope up toa given level of output/scale. What are the reasons behind such negative relationshipbetween average costs and output in the short and the long-run?
- a. Complete the table below Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3 20 4 240 5 24 6 660 160 b. Using the table below indicate if the firm has (i) diseconomies of scale (ii)economies of scale or (iii) constant returns to scale over the entire range ofoutput. Explain your answer . Quantity (units of output) 1 2 3 4 5 6 7 firm A 60 70 80 90 100 110 120 FIRM B 11 24 39 56 75 96 119 FIRM C 21 34 49 66 85 106 129 c. Evaluate the view that the main goal of firms will always be cost minimization.a. What is true about output levels 350, 700, 1,050, 1,400, and 1,750?Choices below. (Economic capacity ,Maximum cost, Economies of Scale b. What is the right size of a plant to produce an output of 875? (Plant1,Plant 2, Palnt 3, Plant 4, Plant 5) c. Between what plant sizes does the firm experience economies of scale? (Between plant1 and 3 ,Between plant 3 and 4, Between plant 3 and 5)st K What is the relationship between a firm's inputs and output if the firm experiences diseconomies of scale? If diseconomies of scale are present and the firm OA. halves; doubles B. increases; increases by the same percentage OC. doubles; less than doubles OD. doubles; more than doubles all its inputs, its output Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure
- 1. Match the following terms to their descriptions - Economies of scale - Constant returns to scale - Diseconomies of scale - a curve which represents a company's ability to adjust it's methods and costs of productivity over time, optimized according to quantity produced ATTACHED FILE ARE THE OPTIONSExplain the Law diminishing return. Calculate the Marginal Product and Average product in the given table. No.of workers Total Product Marginal Product Average Product 0 0 - 1 80 2 170 3 270 4 368 5 430 6 480 7 504 8 504 9 495 10 470Please help in fillin out this table and kkindly provide the caluclations used Picture is attatched thank you
