Maria's sandwich shop finds that when it caters 45 meals a week, its total cost is $8,500. If Maria has total variable cost of $6,500, what is Maria's total fixed cost? Select one: O a. $1,500 O b. $6,500 O c. $2,000 O d. $8,500

Q: Our firm produces two products: generators and solar panels. Name five economies of scale you would…

A: Economies of scale allude to the cost advantages an organization gains with the increase in…

Q: In 50 words, answer the following question: According to the Coase Theorem, the problem of…

A: The idea of bargaining is known to give consumers the opportunity to have surplus consumer goods. In…

Q: Two married couples of investors are analyzing a project where they acquired the following figures:…

A: Net present value or NPV can be defined as the capital budgeting tool that is used to make a…

Q: Explain inflation. Is zero inflation good target?

A: For every economy, price stability is one of the foremost concern. If prices fluctuate more often,…

Q: If interest rate hiked quickly, suppose you are a MBS investor and have to maintain a target range…

A: Interest Rate refers to the amount charged on the principal amount by the lender. Interest rate can…

Q: When the Fed sells government securities, it: Group of answer choices raises the cost of borrowing…

A: There is an open market operation used to increase or decrease the money supply.  The Fed sells…

Q: National Association of Colleges (NAC) reported in 2003 that the mean starting salary for college…

A:

Q: The table sets out the data for an economy when the government's budget is balanced. The quantity of…

A: table sets out the data for an economy when the government's budget is balanced. K The quantity of…

Q: 3. Crusty's is a pizzeria with the following cost structure: its total fixed cost is $1200 per day,…

A: Monopolistically competitive market refers to the market where close substitute products are…

Q: 1. Complete this chart. ***Remember, you are looking at the change in income and spending. ( Income…

A: The MPC is the marginal propensity to consume here the consumption is the expenditure  MPC is the…

Q: Let the supply and demand functions for raspberry-flavored licorice be given by  p = S(q) =  q  and…

A: The Equilibrium is set up where the demand and supply are equal.   p = S(q) =  q  and   p = D(q) =…

Q: Don Trump, a consumer in Washington, D.C. purchases a combination of products Y and Z and that the…

A: Utility is maximum where the marginal utility per dollar of one good is equal to the marginal…

Q: Consider the following two production methods. They both produce the same amount of output. Required…

A: Cost equation shows the cost of producing goods.  C = wL + rK  Where ,  w = Wage rate  L = labour r…

Q: You own a manufacturing business and are considering the purchase of a labor-saving device.  You…

A: Present value is the value of investment in today's dollar Future value is the value of investment…

Q: Assume a monopoly firm is able to engage in perfect (or first degree) price discrimination and the…

A: The seller has no competition in a monopoly market since he is the single vendor of products with…

Q: QUESTION 4 Consider an economy with the following characteristics (all variables measured in…

A: When aggregate supply and aggregate demand are usually equal to each other, the level of income in…

Q: In which of the following situations would the supplier have the greatest power to hurt a business…

A: A supplier is an entity that offers products and services to another firm. This organization is a…

Q: Are nations with large underground economies likely to be happier or unhappier than one would…

A: Underground Economies are defined as economies that are parallel or shadow economies which include…

Q: In regard to monetary policies, nonactivists have various proposals. True or False: Some…

A: Stabilization policy seeks to keep an economy on an even keel by rising or decreasing interest rates…

Q: a ressionary gap look like on a graph and how does recessionary gap connect with current economic…

A:

Q: If the MPS in an economy is 0.25, government could shift the aggregate demand curve rightward by $80…

A: Change in AD is equal to the product of change in Government spending and multiplier.    This means…

Q: ● Below is the 2016 distribution of the Philippines' overseas contract workers according to age…

A: Age Group Percent 15-24 6.9 25-29 21.7 30-34 22.3 35-39 19.1 40-44 11.6 45+ 18.5

Q: Suppose the information in the table is for a simple economy that produces and consumes only four…

A: Economic growth is the gradual increase of an economy. The widely accepted method for evaluating an…

Q: China Oriental sells merchandise for P6325 (12% VAT included) to a corporate client. The markup on…

A: Markup shows the difference between the selling price and the cost price, and expressed as…

Q: 4.1Examine two (2) main functions of money.  4.2 Differentiate between the wealth effect and…

A: Money is commonly accepted as a medium of economic exchange. It serves as the main determinant of…

Q: You are working as a macroeconomist in econ mic affairs in your local country, and you are tasked…

A: As we know that Covid-19 has led to a global recessionary trend economies have been negatively…

Q: An economy has full-employment output of 6,000. Government purchases, G, are 1,000. Desired…

A: National Saving is the aggregate of the private savings and the public savings in a country , this…

Q: If we have a quasilinear good, such that good X measured on the horizontal axis is independent of…

A: Quasi linear goods are independent from income.  Income offer curve connects various optimal…

Q: We are given the following information for UWI Land. At the start of the period, there are 334,250…

A: A person is said to be unemployed when he is able and willing to work but didn't get a job. Labor…

Q: What is true along the long-run Phillips curve?     A. A labor shortage exists.   B. A tradeoff…

A: Inflation refers to the rate of rise in prices over a given time period. Inflation is typically a…

Q: Consider an inequality-averse player who must decide about allocations of money for him/herself and…

A: We are given the utility function as:  U(πown , πother) = πown - 0.6*max( πother - πown , 0) -…

Q: 5. (Ch11) Assuming a capital budget of $125,000 and a 5 year life, what is the MARR? Project First…

A: Given: Capital Budget = $125000 Life = 5 year

Q: An investor with initial wealth $20000 and utility function U(x) = ln(x) is considering an…

A: Utility refers to the  benefit that a consumer gains by consuming any goods or service.

Q: Suppose a good has a downward-sloping, straight-line demand curve. If the price elasticity of demand…

A: Demand curve is the downward sloping curve that shows the relationship between price and quantity…

Q: Shirley Bennett wants to open a new food- based business. She is trying to decide between a grocery…

A: Market: The total number of buyers and sellers in a given area or region is considered to be a…

Q: Suppose the information in the table is for a simple economy that produces and consumes only four…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three question for you…

Q: QUESTION 2 Table 2 shows the data relating to employment and labour status of Country A. Assume…

A: The labor force in any given economy is determined by various factors such as industrialization and…

Q: Differentiate between accounting costs and economic costs. Motivate your answer with the  aid of…

A: In economics, cost refers to the amount of money that an individual needs to pay to get something…

Q: Defend the point that the individual supply of labour curve is backward bending  in shape. Chooses…

A: Generally, the labor supply curve is upward sloping from left to right. It depicts that as the wage…

Q: 2) Draw a set of isoquants if Q=2K+L. What types of goods are these?

A: Isoquant represents the different combinations of two inputs that produce constant level of output.…

Q: What economic impact would the closing of a nearby military base have on a town? Would people and…

A: every sector is interrelated with each other sector. socio-political economy also affects the…

Q: The government has announced a cut to stamp duty, the tax paid when people buy a property in England…

A: Demand refers to the amount of a good that a consumer is willing as well as able to buy at a given…

Q: A construction company is planning their projects for the year 2023. The company is considering the…

A: The break even point is defined as the one where the revenue that the firms generate is equal to the…

Q: 1. Consider a 30-year U.S. bond paying 8 percent coupon. The interest is 10 percent. a. Find the…

A:

Q: In terms of the diagram below, discuss the welfare implications of a specific excise  tax, ie, the…

A: Introduction Excise tax refers to a tax on the sale of an individual unit of a good or service. An…

Q: 1. Complete this chart. ***Remember, you are looking at the change in income and spending. (1 Income…

A: Here, the given table provides information about expenditure at different level of income. Given…

Q: The Federal Reserve has raised the Federal Funds rate by 3.75 percent within the past year. If a…

A: The Federal Funds Rate is defined as the interest rate at which the commercial banks borrow and and…

Q: Table 5 shows the current output levels of Wool and Cotton for Australia and New Zealand. Table 5.…

A: Opportunity cost is the cost of producing 1 good in terms of other.  Opportunity cost is used to…

Q: How are monetary and fiscal government policies being affected by this corona virus pandemic ? And…

A: The use of taxation and expenditure by the government to affect the economy is known as fiscal…

Q: Discuss the type of unemployment that is associated with the business cycle.

A: The business cycle is the growth and decline in the periodic growth of the economy that is measured…