Q: 33. Marginal prunciple suggesta that : A. a person will be better oft is helshe com timues to imore…
A: A study of the additional advantages of an activity in comparison to the additional expenditures…
Q: 2. Country X has carbon emission of 5000 units per year. The country is involved with Paris…
A: The curve that depicts quantities of goods and services that are being demanded at various levels of…
Q: diau Suppose that you could elther prepare your own tax return in 5 hours or hire a tax specialist…
A: Here, time taken by himself to prepare the tax return is 5 hours Each hour cost him $22
Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC = 0.202 +120Q + 5,000, the…
A: Marginal cost (or MC in short) reveals the extra cost incurred by the business unit when it…
Q: 14. Ii an increase in the price ofpetre) ficseases the damand fon fulelent, hybrid cars, then 2.…
A: Here, an increase in the price of petrol increases the demand for gas/electric hybrid cars.
Q: The marketing research department tor a computer company used a large city to test market the fim's…
A: Revenu function is the total monetary value earned by selling all goods with given market price. TR…
Q: 1400 Tho following Table is for ansrering questions & to 12 bolow: Butput 1000 1200 Input 200 ETEC…
A: Total Cost (TC) has two components :Total Fixed Cost (TFC) and Total Variable Cost (TVC)TFC : It…
Q: Use the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5A MC =…
A: The marginal benefit equation shows the additional benefit from doing additional unit of an…
Q: Computer models of global climate changecaused by increasing carbon dioxide in the atmosphere…
A: Expanded valuation analyses of the costs of climate-sensitive health outcomes are urgently needed to…
Q: please help
A: The U.S department of Justice is the federal executive department responsible for the enforcement of…
Q: the value equation is a ratio between benefits and price per product. Whithout knowing the Farmers…
A: Benefit-Cost Analysis is a procedure that found the prospective risk deduction advantages of a…
Q: Meat pounds) 120 A 90 D 60 B 30 Vegetables (pounds) 20 40 60 80 100 120 140 160 The efficient points…
A: Budget line represent the combination of goods and service that a consumer can obtain at the given…
Q: uppose there are two polluters in the same region. The government decides that total market…
A: The environment is polluted when the firms undertake production activity which create negative…
Q: Problems-2: The following data shows birth weights (oz) from seven consecutive deliveries at the…
A: Given: 5,121,138,32,100,58,64
Q: oly of the resource: 10 s and prices solve the dynamic efficiency problem, considering both time…
A:
Q: Imagine that a state government is considering the construction of a new state office building to…
A: Marginal benefits are the greatest sum a customer will pay for an extra decent or administration.…
Q: when total social benefit of of education is equal to total social cost. education is provided at…
A: Education is the predominantly a factor that helps to increase in the productivity and provide…
Q: A. Negative, since it may improve your grade. B. Zero, because studying is required by the school. O…
A: The opportunity cost the cost of the next best alternative foregone. This concept is widely used in…
Q: To see the Blue Jays game Leslie missed a day at work, which cost her $250, drove her car downtown…
A: Given: The wage for 1 day=$250 Parking cost=$20 Ticket cost=$130 To find: Expected benefits
Q: . Profit The revenue from sales of x units of a productis given by R(x) = 200x - 0.01x2, and the…
A: Revenue for a business company tells us about the income realized from the units sold to the…
Q: Ing hew abatement technology, the firms marginal abatement function becomes MAC 4E. Costs are in…
A: The marginal abatement cost measures the cost of reducing one more unit of pollution. Here, we…
Q: and hot cider for leunch and Spert a tetel of $10.25 the Sandwich Goer. Uhet wes the costef each…
A: Natalie bought a sandwich and a hot cider for lunch. Let the number of sandwich be x and price she…
Q: End of Year 0 1 2 3 4 5 11. End of Year 0 1 2 3 4 5 Question 1 1. QUESTION Table 1 Information on…
A: Given information Challenger A cost table Defender cost table Evaluation time=4 years i=10%
Q: Price and cosh idolian per un %3B 10 6. ARAC MC ME Quy nio of un te an a age t sng ie e he al py…
A: Consumer surplus refers to the area above the price in below the demand curve. It is the difference…
Q: A firm has the following benefits and costs equations: B(Q) = 450Q - 26Q² and MC(Q) = 136Q The Q…
A: Given are the total benefits and total costs of the firm. The Q where total benefit would be…
Q: Calculate the SNAP benefit for the family below A family of five living in Reading, PA. The father…
A: A government programme called SNAP (Supplemental Nutrition Assistance Program), formerly known as…
Q: What department of Philippines' executives should be given a lion's share in budget? State also the…
A: President Rodrigo Duterte's government in under the P4.506 trillion national budget for 2021 gave…
Q: A university is planning an online seminar. It costs $30 to live stream an instructor from Elbonia.…
A: The break-even point in economics, business—and specifically cost accounting—is the point at which…
Q: If you can buy 9 DVDS for $126 or you could buy 10 DVDS for $130, then the marginal cost of the…
A: The marginal cost is referred to as an additional cost incurred when an extra unit is produced or…
Q: Which of these situations would give rise to the free-rider problem? ltems (6 items) (Drag and drop…
A: Free rider prolem arises due to high consumption of a good or services. It is condition when any…
Q: It Can successfully identif nts half fo the time. College students who are turned away receive no of…
A: Answer
Q: a Wednesday. The table below displays your only alternatives (that are mutually exclusive) and some…
A:
Q: What are the macro-environmental factors (PESTEL) of having an Emergency Response Team at work?…
A: Emergency response team at work 1)Political If there is political crisis such as lockdown in…
Q: perature that summer and the price of swimsuits. Additionally, assume that the cost of Lycra (a…
A: A average temparature is 80 degrees were Years 1996, 1999, 2003 and 2004 only, we need to Connect…
Q: Coase v/s Pigou) A chemical factory is situated next to a farm. Airborne emissions from the chemical…
A: Since you have posted a question with multiple parts, I will solve the first three parts.
Q: When allocating water, efficiency in the presence of competing uses implies: O Consideration of the…
A: * ANSWER :- *The OPTION D ( All or these reasons) is correct answer.
Q: Knowing what you know about char reinforce difficult concepts: O a. Addressing particular reade O b.…
A: Technical document The technical document is that document which use to explain the functionality,…
Q: 2. Country X has carbon emission of 5000 units per year. The country is involved with Paris…
A: Total Emission = 5000 Target Reduction = 80% a .), Desired Level of emission = (1 - 0.80 )*5000 =…
Q: Dis timguish betweer micro and mano Busimess Econo Desoube the imgce of the importance f
A: Economics is a science that deals with human behavior as a relationship between ends and scarce…
Q: Estimate the benefits of decreasing dirty water that households receive in New York. Housing price =…
A: Given information Inverse Demand function P=$100000-100*number of annual days in violation of water…
Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC = 020 + 1200 + 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: My value for an air-conditioner in my office is $100. My office-mate is willing to pay $80 for an…
A: In the study of behavioral economics, willingness to pay or WTP is defined as the maximum price, at…
Q: Analyze the situation below and give your responses: The situation: If you live in a place that…
A: Cost and benefit analysis helps the individual, group, or an organization to make the best possible…
Q: F GH J N N" N' Food riefly explain in a short paragraph what you've observed is correct or incorrect…
A: Customer theory is the investigation of how individuals choose to spend their cash in view of their…
Q: pesticide wasté by 10 pounds 20 pounds 30 pounds 40 pounds 50 pounds $6 $4 $18 $12 $36 $24 $60 $40…
A: *Answer: *Answer:
Q: The private Marginal benefits for cassava is given by 30-3X where X is the number of cassava…
A: Externalities refer to the costs or benefits of an economic transaction, incurred by a third party…
Q: (i) Find the product AB using -1 0. A : 5 -4 [3 (ii) Does BA exist?
A: To calculate the product of two matrices, the values in the row of the first matrix must be…
Q: Ise -griculture A -griculture B -griculture C Land Owner Opportunity Cost $40 $30 $20 ogging А, В…
A: For all Landowner A, B, C Minimum constrain is 40, 30, 20 respectively. For Landowner A maximum…
Step by step
Solved in 2 steps
- Draw Maries budget constraint with pies on the horizontal axis and magazines on the vertical axis. What is the slope of me budget constraint?Take Jeremys total utility information in Exercise 6.1, and use the marginal utility approach to confirm the choice of phone minutes and round trips that maximize Jeremys utility.Would you expect total utility to rise or fall with additional consumption of a good? Why?
- Is it possible for total utility to increase while marginal utility diminishes? Explain.Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem 27 units of marginal utility from her second poem 24 units of marginal utility from her third poem, and so on, with marginal utility declining by three units for each additional poem. Praxilla gets six units of marginal utility for each of her next three cucumbers consumed, five units of marginal utility for each of her next three cucumbers consumed, four units of marginal utility for each of the following three cucumbers consumed, and so on, with marginal utility declining by one for every three cucumber consumed. A poem costs three bronze coins hut a cucumber costs only one bronze coin. Praxilla has 18 bronze coins. Sketch Praxillas budget set between poems and cucumbers, placing poems on the vertical axis and cucumbers on the horizontal axis. Start off with the choice of zero poems and 18 cucumbers, and calculate the changes in marginal utility of moving along the budget line to the next choice of one poem and 15 cucumbers. Using this step-by-step process based on marginal utility, create a table and identify Praxillas utility—maximizing choice. Compare the marginal utility of the two goods and the relative prices at the optimal choice to see if the expected relationship holds. Hint: Label the table columns: 1) Choice, 2} Marginal Gain from More Poems, 3) Marginal Loss from Fewer Cucumbers, 4) Overall Gain or Loss, 5) Is the previous choice Optimal? Label the table rows: 1) 0 Poems and 18 Cucumbers, 2) 1 Poem and 15 cucumbers, 3) 2 Poems and 12 cucumbers, 4) 3 Poems and 9 Cucumbers, 5) 4 Poems and 6 cucumbers 6) 5 Poems and 3 Cucumbers, 7) 6 Poems and 0 Cucumbers.c.Define a budget line d.Given that Tebogo's income is P1800 price of food is P30 and price of entertainment is P40, Draw tebogos budget line. e.Using a diagram, show waht would happen to Tebogo,s budget line if income increases from P1800 to P2100 while prices remain P330 for food and P40 for entrtainment. f.Using a diagram, show what would happen to Tebogo's budget line if income increases from P1800 to P2100 while prices remain P30 for food and P40 for entertainment.
- . Please help me in e). you forgot yesterday Define a budget line d.Given that Tebogo's income is P1800 price of food is P30 and price of entertainment is P40, Draw tebogos budget line. e.Using a diagram, show what woul happen to Tebogo budget line if the price of food decreases to 20 while the price of entertainment remain unchanged. f.Using a diagram, show what would happen to Tebogo's budget line if income increases from P1800 to P2100 while prices remain P30 for food and P40 for entertainment.Centa spends $56 a month at allthemovies.com on film-noir (FN) and sci‑fi (SF) movies, which typically cost $14 each. The first graph shows her budget constraint and her optimal consumption at point A. This month, SF movies are on sale for $7. On the first graph, draw the new budget constraint by moving one or both endpoints of the original budget constraint. Points B, C, D, and E indicate possible consumption bundles. Assume that FN movies are still $14 each. Budget Constraint and Optimal ConsumptionQuantity of FN moviesQuantity of SF movies012345678910012345678910BCBCDEA On the second graph, draw Centa's individual demand curve for SF movies from a price of $14 to a price of $7. Do not continue the line past these points to the axes. Individual Demand for SF MoviesPrice of SF moviesQuantity of SF movies01234567891001234567891011121314demand As with Centa's demand for SF movies, the law of demand states that price and quantity demanded are not correlated. perfect…a halving price of the prices of good A and Good B have the same effects on the budget line as doubling income. is this true or false and how woukld it look like using ana equation of a budget line
- : Given that Rhumbi's budget line is 25=1/4 Cake +Tea and the price of tea is R10. What is Rhumbi's income and price of cake?Maya divides her income between coffee andcroissanls (both of which arc normal goods). An earlyfrost in Brazil causes a large increase in the price ofcoffee in the U nitcd Stites.a. Show the eflcct ol the frost on Maya's budgetconstraint.b. Shm" the effect ol the frost on Maya's optinu,loonsumption bwl<ile assunling that the substitutioneflcct outweiglls the income effect for croiss:mls.c. Show the eflcct of the frost on Maya's optimalconsumption bw,dle assuming that the incomeeffect outweighs the substitution effect forcroissants