MC ATC 10 20 30 40 50 60 70 80 Quantity mat is the result for this perfectly competitive firm when it produces it profit ximizing quantity? Price and cost (dollars) 694 321

Q: 175 Given the demand function D(p) %3D Find the Elasticity of Demand at a price of $63

A: The elasticity of demand measures the responsiveness of quantity demanded the respect to change in p...

Q: Classify the following scenarios as examples of frictional, structural, or cyclical unemployment, an...

A: PLEASE FIND THE ANSWER BELOW.

Q: (a) Which cost includes third-party costs: private costs or social costs? (b) Which are nonrivalrous...

A:  a) A private cost refers to the cost incurred by the producers while producing goods and services w...

Q: Price discrimination is indistinguishable from dumping. Discuss the accuracy of this statement?

A: The correct answer is given in the second step .

Q: Suppose that the monopolist can produce with total cost: TC = goods in two different markets separat...

A: Given that, The demand curve for first market is  Q1 = 240 - 4P1 The demand curve for second market ...

Q: For conscious parallelism to be proven, each manufacturer should be found to have acted on its own. ...

A: We show that Conscious parallelism it is  the a price strategy that involves chànging the prices of ...

Q: Q)Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero...

A: PLEASE FIND THE ANSWER BELOW.

Q: Determine the hourly cost of tires for a hydraulic excavator, whose set of tires cost S4,500 with a ...

A: Cost is the expenditure that is incurred in the production of goods and services in an economy. The ...

Q: Question 1: Minnesota Governor Tim Walz has hired you to teach him and his staff about Temporary Ass...

A: TANF is one of the organization that works in the part of the integrating innovative employment and ...

Q: What are the elements of a growth oriented public policy agenda

A: The "policy cycle" is a common approach of studying and participating in public policy.  When polici...

Q: Suppose that there are two firms producing a homogenous product and competing in Cournot fashion anc...

A: Given  Market demand function: Q=360-P4        ... (1) MC=0 and TC=0 for both firm    

Q: A technology firm has determined that their lowest total cost production technology is $880. If mach...

A: The lowest total cost of production technology is $880 The machines cost is $100 The company has det...

Q: In this Decision Point you learned a little about inflation and inflation expectations. Apply what y...

A: Real wage is the wage rate adjusted for inflation. Nominal wage does not account for inflation.

Q: You operate a cafe which generated total revenue was $60,000. Your costs for rent and supplies were ...

A: Opportunity cost refers to foregone income that could have been earned if resources were invested el...

Q: Is the outcome in a monopolistically competitive market desirable from the standpoint of society? Ca...

A: A monopolistic competitive market is the one where firms provide differentiated goods which makes th...

Q: Given the demand function D(p) = V375 – 2p. %3D Find the Elasticity of Demand at a price of $24

A:

Q: 26,000 HEOM in 3% co.yearly 40,000

A: Introduction We have given a cash flow. Average value of 26,000 = 26,000/6 = 4,333.33 Present value ...

Q: ... oth firms bid $130 million. e firm bids $120 million, the other firm bids $130 million. th firms...

A: The prisoners dilemma is a standard illustration of a game dissected in game hypothesis that shows w...

Q: A tariff is a tax on imports. Such a tax can be replicated by applying simultaneously two domestic p...

A: Domestic policies include any sort of domestic tax or subsidy policy, as well as any type of governm...

Q: Which of the following government programs are financed by payroll tax? a) Medicare, food stamps, a...

A: A payroll tax is a percentage deducted from an employee's pay that is paid to the government on the ...

Q: 2. Three mutually exclusive design alternatives are being considered. The estimated sales and cost d...

A: Annual Worth (AW) Analysis is characterized as the same uniform annual worth of all assessed receipt...

Q: Money cost and the real cost don't coincide"? Comment on this statement

A:

Q: What is the definition of equal product curves in microeconomics? Mention the important applications...

A:

Q: Do you agree or disagree that the trade policies can assume varying dimensions and scope depending o...

A: If we consider the trade policies then it is made in order to provide benefits to many economies whe...

Q: 3.a. Regrading the expected price, choose the correct math symbol below. PE ( ) 10 3.b. The actual...

A: Solving the question as per the given graph, where Long run and short run aggregate supply meet wher...

Q: According to Richard Thaler, what two things give economics its reputation as the most powerful soci...

A: Thaler  theory is all about the endowment effect and include the economic rationality in the Consume...

Q: Comparative statics in the steady-state: Draw and graph and Using this graph, explain what happens w...

A: Steady-state growth is balanced growth using variables of the economy. This question represents the ...

Q: A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is P600...

A: Initial Cost of sprinkler = 70,000 Annual Savings = 50% ( 1% of 700,000 + 0.9% of 600,000)  = 6200  ...

Q: 3. When firms are price searchers, why will marginal revenue (MR) be less than price? 4. Is price di...

A: The answer is as follows:-

Q: A recessionary gap exists when the macro economy is in equilibrium at less than the potential output...

A: Answer: False

Q: Consider the money market model. If the current price is higher than the equilibrium price, would t...

A: When considering the money market model the following questions can be answered as follows:

Q: Riley has invested P10,000.00, part at 5% and the remainder at 10% simple interest. How much is inve...

A: Let x be his investment at 5% and (10,000-x) at 10% simple interest Now, For 5% rate interest will b...

Q: Your company borrows $800,000 and will pay it back at 10% APR of real interest compounded monthly. T...

A: Amount borrowed = $800,000 Interest rate = 10% Adjustment for inflation would be 4% Payment would be...

Q: Gaynor is the only manufacturer of gas pumps that automatically refill. Gaynor can earn a profit on ...

A:   In short run the firm will earn abnormal profits as Price is above the average cost in the market....

Q: 3. You purchased a 5-year property class item for $60,000. After using this item for 3 years you sol...

A: MACRS depreciation method The modified accelerated cost recovery system (macrs) is a method of depre...

Q: The maintenance cost of a new equipment is projected to start at the end of the 2nd year at an amoun...

A: Given Interest rate = 8 % End of 2nd year amount = 8000 P End of 6th year amount = 10000 P Therefore...

Q: In Macronesia the GDP deflator for 2006 is 105 ( with 2005 being the base year). If the real GDP in ...

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: There are two firms in a homogenous product market described by the demand function P(q1,q2)%3D131-(...

A: Initial calculation The quantity produced by firm1=q1 The quantity produced by firm2=q2 the inverse ...

Q: What is Marginal Revenue equal to for a firm in a competitive market?

A: The revenue that results when there is an increase in revenue from the sale of one additional output...

Q: Coors Company expects sales of $504,000 (5,600 units at $90 per unit). The company's total fixed cos...

A:

Q: a. What is the reserve requirement? b. Suppose the reserve requirement is charlged to 10 percent. Re...

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, I will be ...

Q: Why do countries integrate?

A: There are many reasons that the countries integrate, for example when many countries integrate then ...

Q: 12,000 EUSA 5000 w,000 i- 3.6% co.yearly 15,000 ooo ,ר!

A: Given

Q: A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars ...

A: Given:MP(x)=1.60+0.10x-0.0012x2Now,MP(x)=P'(x)Thus,P'(x)=∫(1.60+0.10x-0.0012x2)dxP'(x)=1.60x+0.05x2-...

Q: Questions: A) Detail and describe a decision that you made in the past that contradicts the assumpti...

A: Consumers try to maximize their utility in order to get maximum satisfaction, consumers, in general,...

Q: Has trade deficit impacted the U.S. economic growth?

A: In international trade, different countries of the world import and export goods and services from e...

Q: are consumption affect the money demand?

A: The Aggregate demand equation can be written as: Y = C+ I+ G +NX  Where Y = Total demand or GDP leve...

Q: antidades Be the production function Q (K, L) -12 (K + 41, which depends on the quantities Used from...

A: Given,  Production Function : Q(K, L) =23625(k1/4+4L1/4)4 and (K,L) = (2, 4)

Q: In which industry is the firm a price taker: a. monopolistic competition b. oligopoly O c. pure comp...

A: In a perfect competition there are large number of sellers and buyers and movement of one seller or ...

Q: Use the figure below to answer the following question. $5 2 4 6 8 10 12 14 16 18 20 Quantity Supplie...

A: The supply curve shows the relation between the price and quantity supplied on the graph.