Q: 7) Assume that a $1.00 increase in exports increases GDP by $3.00, and å income increases import…
A: Given information: A $1 increase in exports will increase the GDP (or income) by $3. And a $1…
Q: In marble block quarrying operation, hand rock drills, costing P70,000 each, is used. It has a…
A: Given information Hand drill machine Initial cost=P70000 Monthly production=30 cubic rock Diesel= 80…
Q: Find the amount needs to be invested if the investors want to receive an annual net income worth…
A:
Q: Question 8 Demand is given in the grid below. Suppose firms have cost functions C(Q) = 120.…
A: Answer;
Q: A D Quantity (units per day Curve C represents which type of cost curve? O A. marginal cost (MC) B.…
A: Average total cost is the sum of average Fixed cost and average variable cost. Average Fixed cost…
Q: Which of the following would NOT decrease the demand for steak? A. a fall in the price of chicken (a…
A: Demand curve shows an inverse relationship between price and quantity demanded. It slopes downward.
Q: Which of the following is considered least liquid? O a) currency bills O b) Checking account O c)…
A: In economics, liquidity is defined as the ability of an asset to be turned into cash. An asset is…
Q: What will happened to Equilibrium Price and quantity if a) Government imposes, import tax to the…
A: Demand and supply In perfect market competition the optimum quantity is produced where the demand…
Q: You are faced with making a decision on a large capital investment proposal. The capital investment…
A: Computation of net cash flow of the project Given in the question: Capital Investment = $640,000 The…
Q: 1. An electric utility investment has a capital cost of $60 million, a term of 8 years, and an…
A: Under the Strata Property Act, strata corporations and sections must have contingency reserve funds…
Q: The following table provides data for an economy in a certain year: Consumption expenditures Imports…
A: Answer; the Investment is $900
Q: We can make a confidence interval more precise (narrower) by, a increasing the sample size. b…
A: The probability that a population parameter will fall between a set of values for a particular…
Q: solve 30-40 minutes hand written asap..i'll rate
A: Production means the goods and services are produced by converting the raw material into the…
Q: Question Given a demand curve of P = 31 - 1.25Q and a supply curve of P= 4 +Q, with a tax of 18,…
A: Deadweight loss is the decrease in total surplus resulting when socially efficient quantity is not…
Q: Suppose that you are interested in determining the average height of a person in a large city. You…
A: Standard deviation is a proportion of how much variety or scattering of a bunch of values. A low…
Q: An existing machine in a factory has an annual maintenance cost of 40,000 pesos. A new and more…
A: Here we calculate the Net present value of the machine and conclude that is new machine good for…
Q: Essay: How important voting is for youth?
A: It is important for the youth to vote because for us we can see around the world that there is so…
Q: What is the relationship between revenue cost and profit?
A:
Q: Figure 34-3 (a) The Money Market (b) The Aggregate Demand Curve MS MD, MD. AD Y: Y, QUANTITY OF…
A: Aggregate demand slopes downward showing inverse relationship between price and quantity of output…
Q: Find the amount needs to be invested if the investors want to receive an annual net income worth…
A: Given, Annual Net Income : 5,400,000Years : 7Sinking fund : 8%Interest rate : 5%
Q: f the cost of producing 100 pies is $274 the average total cost is?
A: Average total cost refers to total cost per unit of output. It is the sum of average fixed cost and…
Q: QUESTION 3 Banks with more capital can withstand larger losses before becoming insolvent. True or…
A: Banks insolvency: When the liability of the banks is greater than its assets then this term is known…
Q: Question 3 (Equilibrium) 200 Suppose the market demand is Qp firms in the market. Suppose N = 25.…
A: Supply of the good is a function of number of firms in the market.
Q: Which one of the following sets of circumstances could the existence of economies of scale cause in…
A: Economies of scale is an advantage enjoyed by the firm by increasing production and decreasing cost.…
Q: here was an increase in demand for im-person shopping what would you expect to happen to equilibrium…
A: Consider the below points regarding the demand curve for labour: *Change in wage leads to a movement…
Q: Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The simple Heckscher-Ohlin matches the empirical evidence on trade patterns between economies well.…
A: The measure that depicts the exchange of goods and services between entities and individuals in…
Q: Given the utility function, where U is the total utility and x and y are the commodities consumed,…
A: U(x,y) = (5x+3)2(4y+2)3
Q: The empirical evidence covered in the lecture supports the view that the US China import tariff…
A: Import tariff In this graph the equilibrium of demand and supply is achieved when the local firms…
Q: The following are market demand and supply equations for baked beans: QD = 80 − 6P QS = 20 + 6P…
A: Since you have posted a question with multiple subparts, we will solve the first three sub-parts for…
Q: Consider the following simultaneous move game between two firms. The game is repeated and in each…
A:
Q: You have a net worth of $915329 and a utility function given by u(w) = w0.5. If your house catches…
A:
Q: used (or are often used
A: Numerous economists support free trade. Be that as it may, in certain conditions, there are…
Q: All of the following actions would help promote sustainable tourism between MDCs and LDCS a well as…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: The following graph represents our economy Note MPCB CRAS SRAS PeLeve 14 100 14 Re OP n S 1. What…
A:
Q: S-MC S-MC D-MB D-MB Quatity Quanty 1 b) Perfect Comprotion Mouspoly nding the equilibrium point in a…
A: In perfect competition, eqm Q(quantity) is found by the intersection of MC(marginal cost) and…
Q: Propagation Stock market crash E2 ЕЗ E2 E3 D2 D1 D1 S2 S1 so 'DO Call loan market Q Stock market Q…
A: The stock market in the United States expanded quickly from the mid- to late-twenties. The primary…
Q: Consider a monopoly operating in two markets, TC(q) = 10q, q1=50 - p1, q2=30 - p2 3.1 Determine…
A: Given information TC=10q q1=50-p1 q2=30-p2 Firm is monopoly selling into 2 markets with
Q: What is average profit margin means?
A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…
Q: True or false: The cornerstone of an effective discipline system is Notice and Opportunity.
A: 1. Disciplinary action should be approached in a positive light. The immediate line supervisor…
Q: government budget shows a primary deficit of 8200 the revenue expenditure on interest payment is 100…
A: Literally in the exact word we can say that the fiscal deficit is known to be as the amount or the…
Q: You are faced with making a decision on a large capital investment proposal. The capital investment…
A: Initial Investment = 640,000 Annual Revenue = 180,000 Expense after 1 year =42000 Expense decreasing…
Q: A-What is the equilibrium price and quantity for this economy? B-is this economy operating above or…
A: Aggregate demand (AD) is the total amount of finished goods and services demanded at each price…
Q: Determine whether the ad or as curve with shift with each scenarios below. Each situation is…
A: The eqm price level(p*) and output level(y*) is found by the intersection of AD(aggregate demand)…
Q: Question 28 Table 5 Employed 153,846 Unemployment 4.1% rate Labor force Unemployed Y Consider the…
A: Labor force is the sum of unemployment and employed individuals.
Q: A car is financed as follows: $2,000 as down-payment plus equal monthly payments at 8% annual…
A: Introduction : Annual Worth (AW) Analysis is defined as the equivalent uniform annual worth of all…
Q: You work for a company that produces statistical software used by professional 3. researchers and…
A: Answer: Given, Price elasticity of demand of researchers = -0.3 (inelastic demand) Price elasticity…
Q: Each worker gets equal pay. Fill in Average Product and Marginal Product. At what input level will…
A: Average product is the output produced by each unit of worker and marginal product is the additional…
Q: MC ATC AVC B A Q2 Which part of the MC curve is also referred to as the supply curve of the firm?…
A: MC intersects average variable cost where average variable cost is minimized
Q: Trade policy that protects domestic industry, such as export subsidies, will always decrease welfare…
A: A subsidy is defined as a benefit given by the government to businesses or institutions to increase…
Step by step
Solved in 3 steps with 3 images
- Suppose that each firm in a competitive industry has the following costs: Total cost: TC = 50 + q2 Marginal cost: MC = q where q is an individual firms quantity produced. The market demand curve for this product is Demand:QD = 120 P where P is the price and Q is the total quantity of the good. Currently, there are 9 firms in the market. a. What is each firms fixed cost? What is its variable cost? Give the equation for average total cost. b. Graph average-total-cost curve and the marginal-cost curve for q from 5 to 15. At what quantity is average-total-cost curve at its minimum? What is marginal cost and average total cost at that quantity? c Give the equation for each firms supply curve. d. Give the equation for the market supply curve for the short run in which the number of firms is fixed. e. What is the equilibrium price and quantity for this market in the short run? f. In this equilibrium, how much does each firm produce? Calculate each firms profit or loss. Is there incentive for firms to enter or exit? g. In the long run with free entry and exit, what is the equilibrium price and quantity in this market? h. In this long-run equilibrium, how much does each firm produce? How many firms are in the market?Suppose the short-run demand for a product is give byQD= 200−2P. Supposethe short-run supply curve isQD= 3P−50. (a) What is the market clearing, or competitive equilibrium price and quan-tity. (b) If the existing firms’ average total cost is 40, and the industry is a perfectlycompetitive, constant returns to scale industry, in the long run willpricerise or all? Explain.A market is in long-run equilibrium and firms in this market have identical cost structures suppose demand in this market decreases. Which of the folowing are coreet descriptors of what happens to tho individual firms and the whole market as the market fist leaves and then returns to long-run equilibrium? Instructions: You may select more than one answer cick the box with a check mark for correct answers and dick to empty the box for the wrong answers. 0 Market proe will decrease in the longrun. O Market quantity will remain the same in the long-run. O Individual firms' profit maximizing output will decrease in the long run. O Firms will exit the market inthe long run. O Individual firms' profit maximizing output wil decrease in the shon-nun. O Market quantity decrease in the long run. o Firms win enter into the market in the long run. O Market price wil decrease in the short-run. References eBook & Resources Leaming objective: 13-08 Calculato the Section Responding…
- Please no written by hand solutions 7If SRTC 200+2q+4qwhere q is output, the firm's short-run supply function is a.P = 2 + 8q for P >= 2 and zero otherwise b. q = 0 P < 2; 0.125P - 0.25 P >= 2 c.P = 2 + 8a for p > 0 and zero otherwise. d.q = 0 P < 0; 0.125P - 0.25 P >= 0 8 Each firm in a perfectly competitive market has long-run average total cost represented as ATC+100/q. Long-run marginal cost is MC = 200q - 10 The market demand is O^ prime =215 dot 0 * 5P . At the long-run equilibrium price, how many firms are in the market? a= 500 b. n = 1000 c. n = 1200 d.n-2000 e.n = 2400A local pizza shop has hired you as a consultant to help it compete with national chains inthe area. Because most business is handled by these national chains, the local shop operates asa price taker. Using historical data on costs, you find that short-run total costs each day aregiven bySTC = 10 + q + 0.1q^2,where q is daily pizza production.a. What is this pizza shop’s short-run supply curve?b. If the market price is $5.00, what is the pizza shop’s daily production quantity andprofits?c. Suppose the pizza shop wants to know the lowest price such that it can breakeven (i.e., maintaining a net profit of zero). Please help the firm find this price1. Suppose a perfectly competitive firm is operating in short run. The information of MR, Q,ATC and AVC are 15 taka, 60 unit, 45taka and 35 taka respectively. Calculate firm’sprofit/loss and total fixed cost. From these calculations and based on all the giveninformation, can you conclude about the firm’s decision in short run? Explain your reasoningwith the help of a suitable diagram. Show all the relevant information in yourdiagram.[Q=profit maximizing output and MR=marginal revenue]
- 1. A firm in a perfectly competitive industry has fixed costs of FC = 15, marginal costsof MC = 5 + 14q, and average variable costs of AVC = 5 + 7q.(a) What are the firm's variable costs (VC)?(b) What is the firm's total cost function? (0) If the price is $75, how much does the firm supply? (d) Does the firm continue to supply this quantity in the short-run? (e) Suppose there exists a standard market demand function from consumers(downward slopping). Please provide a logical discussion about how the marketachieves short-run equilibrium.A market is in long-run equilibrium and firms inthis market have identical cost structures. Supposedemand in this market decreases. Describe whathappens to the profit-maximizing output quantityfor individual firms as the market leaves and thenreturns to long-run equilibrium.c) Assume that the market price for bagel services is 42 and store produces 30 units of the bagel. Calculate theprofit level. Is the store profit maximizing? Explain your answer. d) Go back to part c) and assume that there are 100 identical bagel store in the market. Determine the market supply curve. (You will obtain total market quantity, Q, as a function of price,P). Are elasticities of individual firm supply and market supply curves different? e) Given the market supply curve you have calculated in part d), now assume that market demand forhairdressers are given by Q=2900-50P. Find the equilibrium price and quantity in the market. Does the marketequilibrium correspond to long-run equilibrium? Explain
- Answer the following: 1. Assuming that the product’s price is P58 per pack, should the competitor sell in the short-runWhy or why not?If it decides to sell, what will be the profit-maximizing (or loss-minimizing output per day)?What is the profit (or loss) that the seller can realize per day? What is the profit (or loss) per pack?A. Assuming that the product price is P42 per pack, answer the same questions in letter A.B. Because of increasing sellers of masks in the market, the product’s price further decreased to P32per pack. Again, answer the same questions in letter A.C. When is this seller going to shut down?D. Now generate the seller’s supply curve of mask in the short run.Q:1 Describe the market structure and Calculate short run output, Price and profit Warner by Green Bull. Q:2 What could be the potential Long-run Price output equlibrium for Green Bull? Clearet State the conditipns and charastericts of such an equlibrium Q:3 Calculate the range which a Long-run equlibrium Price/output would ve found for Green Bull. Is there opportunity for economic profits in the Long run?Equilibrium Market in the Short Run A competitive industry currently consists of 20 producers, all ofwhom operate with the identical short-run total cost curve STC(Q)= 16 + Q2. The market demand curve for bolts is D(P) = 110 − P. Allof each firm’s $16 fixed cost is sunk. What is a firm’s short-run supply curve? What is the short-runmarket supply curve? What are the short-run equilibrium priceand quantity in this industry?