Please show your logic of how you would determine what the P (Price) of the new system should be. Hint: The price is that price at which you would be indifferent between both options.
Q: Answer the following short questions: One of the Federal Reserve’s responsibilities involves…
A: The Federal Reserve, commonly referred to as the "Fed," is the central banking system of the United…
Q: 1) Zwolinski argues that while price gouging is not immoral, it should still be illegal True False
A: Disclaimer: “Since you have posted multiple questions, we will provide the solution only to the…
Q: Find the value of a British Consol with a face value $2,000 and pays $35 in perpetuity. The interest…
A: Bonds are investment instruments that are invested in with the expectation of earning a return from…
Q: that actual Y is greater than equilibrium Y, Ye thus actual current Y>Ye. Explain the reaction by…
A: Aggregate expenditure equals the total amount of spending/expenditure on goods and services in an…
Q: Two years ago, the WTO negotiated a package intended to reduce trade barriers. Developed countries…
A: According to the question, Two years ago, the WTO negotiated a package intended to reduce trade…
Q: The main incentive for an individual to start a business is usually A consumer demand. B C a profit.…
A: Any organization or economic entity that engages in the trade of goods or services with the…
Q: 2. The demand function for bottled water from Stillwater Springs is Q=25-10P + 51 Where P = the…
A: A demand curve is a graphical representation of the relationship between the quantity of a good or…
Q: For the y axis, why is it labeled income and not consumption output
A: The IS-LM model is a macroeconomic model that shows the relationship between interest rates and real…
Q: A firm has the following production function: q = ƒ (z1, z2) = z1αz2β a. Solve for the firm's cost…
A: Cost is the amount of money that is spent on the production process on rent, wages, interest, and…
Q: Which of the following is not a trade barrier? Group of answer choices A. Absolute advantage B.…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Graphically show the relationship between a shift in the supply of securities, the change in the…
A: Graphically show the relationship between a shift in the supply of securities, the change in the…
Q: Show the possible effect of this free entry and exit by shifting the demand curve for a typical…
A: In monopolistic competition, profit is maximised at a point where marginal revenue is equal to…
Q: Home's demand and supply for cars are given by: D = 130 - 30P and S = 10 + 30P, while Foreign's…
A: Home’s demand for cars: D = 130 − 30P Home’s suppl for cars: S = 10 + 30P P is thousands of US$…
Q: Emma maximizes quasi-hyperbolic discounted utility U(co, C₁, C₂) = Co + ß8c₁ + ß8² c₂ for ß = 0.5…
A: Utility means satisfaction. The Discounted utility is the measure of utility from the consumption…
Q: In the free-market equilibrium of a perfectly competitive market, the price of the good is 90…
A: In a free-market equilibrium of a perfectly competitive market, the price of a good or service is…
Q: Nora's utility function is given by U = In(C) + In(L), where U is utility, C is consumption, and L…
A: The term "labor supply" refers to how much time and effort people are willing to put in for paid…
Q: Charlie has a project for which he had determined a present worth of $56,459. He now has to…
A: The internal rate of return or IRR is a standard used in investment analysis. It is required to…
Q: Costs, P $5 P = $2 MC ATC -MR Q 30 In the above perfectly competitive firm what is the total…
A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…
Q: i. State the meaning of points A, B and C as shown in the diagram. ii. Identify a factor whereby the…
A: The production possibility curve is the graphical representation of the best combination of the two…
Q: Choose the correct sequence of events that might bring an economy to full employment if it is…
A: The expenditure-output model, also known as the Keynesian cross diagram, estimates the equilibrium…
Q: 5. Assume that the Federal Reserve takes the widely expected policy action at its upcoming meeting…
A: Monetary policy is used to control the money supply in the economy. The money supply is controlled…
Q: Consider the United Kingdom in terms of its Worldwide Economic Indicators. Discuss the following:…
A: Economic indicators are facts or measures that shed light on how well an economy is doing. They are…
Q: 9. According to what we learned in class, which of the following is true of long run equilibrium GDP…
A: Long-run equilibrium GDP refers to the level of real gross domestic product (GDP) that an economy…
Q: 1. All fixed costs are sunk costs.
A: Costs that have already been incurred and cannot be recovered, regardless of what is done in the…
Q: (d) Find the pure-strategy Nash equilibria of this game. (e) What do you think will happen?
A: Pure Strategy Nash Equilibrium is when the chosen set of actions by all players has the…
Q: Use the accompanying graph to answer these questions. Price of X ($) 20 units 18- 16 14 12- 10- 8 00…
A: Demand-supply equilibrium: Demand refers to the total demanded quantity for commodities and services…
Q: Choose the correct answer. A well - tested economic theory is often called... 1. a hypothesis. 2. a…
A: The hypothesis is the ideas that have not been tested or have limited evidence to support them. On…
Q: UNEMPLOYMENT RATE, 2019 (percent) 40 36 32 28 24 20 16 12 4 2.7 Adult males 5.4 White Black 3.8…
A: Unemployment rate is the percentage of people who are unemployed in the given labor force. Labor…
Q: What is the cost of producing an additional car when 50 cars are being produced?
A: An opportunity cost arises when an economic agent has to choose between alternative ways of…
Q: Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA…
A: The present worth of a cash flow refers to its value at present in accordance with its value in the…
Q: Total Utility derived from the consumption of a product to a consumer is given by U = (20-0.50) Q…
A: Utility refers to the amount of satisfaction received by the consumers from the consumption of goods…
Q: The supply curve of rubber balls is given by Q = 100P – 10. What happens to the quantity supplied of…
A: A supply curve is a graphical representation of the relationship between the quantity of a good or…
Q: For each of the following scenarios, indicate whether the relationship between the two variables is…
A: The relationship between two variables can be positive or negative.
Q: The variable shown on the horizontal axis is The units for the variable on the vertical axis are…
A: The relationship between income and the price of a commodity represents a consumer's willingness to…
Q: Consider the attached extensive-form game tree, where player 1 moves first, then player 2. The top…
A: The extensive form of the game is (a) The strategic form of this game is
Q: Discuss the advantages and disadvantages of market globalization using Zambia as an example.
A: Market globalization is the process by which national economies are merged into a world economy by…
Q: Give one of your own observations to explain why US trade deficit persists
A: Note: Since multiple questions are asked, answering the first question only. If the 2nd question is…
Q: Phillips Curve - This graph shows the inverse relationship between inflation and unemployment in the…
A: The Phillips curve depicts the reciprocal relationship between unemployment and inflation: as…
Q: The Fed should raise interest rates when there is a TF 2 Homework Unanswered Due Mar 17th, 11:59 PM…
A: Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the…
Q: Distinguis in short: a) monopoly market and perfect competition b) open economy and autarky
A: The exchange of products and services between buyers and sellers is referred to as a market in…
Q: In the classic Bertrand model of oligopoly (e.g., a duopoly with no capacity constraints, product…
A: Bertrand Model refers to the oligopoly model where the firms compete on the basis of price.…
Q: After the August 2019 primary elections in Argentina, foreign investors perceived increased…
A: Political risk refers to a type of risk to business interests due to the political change or…
Q: A consumer is willing to pay $4 for a bag of pretzels, but the price is $1. The consumer surplus in…
A: Consumer surplus (CS) is a concept in economics that depicts the deviation between the consumers'…
Q: How do fluctuations in aggregate demand and short-run aggregate supply bring fluctuations in real…
A: The entire amount of products and services that all consumers in an economy are willing and able to…
Q: Find all (if any) pure strategy Nash Equilibrium for the following game:
A: Dominant strategy is the strategy that yields higher payoff and doesn't change with the change in…
Q: Can you solve c and d?
A:
Q: Part III To attract cricket fans back after Covid as well as to cover revenue shortfall, the local…
A: The budget-constrained is the limitation of affordability of purchasing products to satisfy the…
Q: ALTITUDE (Thousands of f 20 15 10 5 0 ← 0 1 2 3 4 5 6 TIME (Minutes) The slope of the blue curve…
A: The mathematical tool known as slope is utilised in numerous research to determine how quickly a…
Q: Secured Transactions and Bankruptcy-But What If... The First National Bank (FNB), located in Pixley,…
A: A legal procedure called bankruptcy is intended to assist people and organizations that are unable…
Q: Price (5) 8000 7500 7000 6500 6000 5500 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 QSsr QDst…
A: Rent control refers to city or state legislation that regulates rental rates. Rent control…
G.313.
Step by step
Solved in 2 steps
- What life cycle cost concept begins raising concerns by year 5 with any electric vehicle (EV)? If that issue affected resale value at year 5, would that affect perceived value-in-use? How exactly?Ella Ltd recently started to manufacture and sell productDG. The variable cost of product DG is £4 per unit and the totalweekly fixed costs are £18 000.The company has set the initial selling price of product DG byadding a mark up of 40 per cent to its total unit cost. It has assumedthat production and sales will be 3000 units per week.The company holds no stocks of product DG.Required:(a) Calculate for product DG:(i) the initial selling price per unit; and(ii) the resultant weekly profit. The management accountant has established that alinear relationship between the unit selling price (P in £)and the weekly demand (Q in units) for product DG isgiven by:P = 20 - 0:002QThe marginal revenue (MR in £ per unit) is related to weeklydemand (Q in units) by the equation:MR = 20 - 0:004Q(b) Calculate the selling price per unit for product DG that shouldbe set in order to maximize weekly profit. (c) Distinguish briefly between penetration and skimming pricingpolicies when launching a new…ENGINEERING ECONOMICS DISCOUNT A hardware store purchased a tool of 20,000 pesos per unit. At what price should the tool be sold so that giving a 15% discount will provide them 25% profit? Please show complete solution of your answer.
- You have a policy with a $1,000 deductible, 80/20 co-insurance, and a $7,500 maximum OOP. You become ill and are hospitalized for two days. The total cost for your treatment is $26,000. Answer the following questions. During the same policy year, you have an additional medical expense of $3,500. How much will you pay? What is your total OOP for the year-to-date? Later in the same policy year, you have a $5,000 charge for tests required after your previous hospital stay. How much will you pay?Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?Problem 2 Refer to problem 1.(Problem 1: Auto Mart is a mythical seller of a variety of automobileparts and accessories. Auto Mart's owner, Jonathan Trott, wishes to determine the optimum order quantity for oneof the store's popular wiper blades. The annual demandfor the wiper blades is 16,000. The annual holding costper unit is US$2.50, and the cost to place an order is US$50:) Assuming that holding costs and ordercosts remain the same, if annual demand for wiper blades doubles to 32,000, does the EOQ also Double? Explainyour answer with relevant calculations.
- Please answer with details on how to do it. A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. Total cost = fixed cost + Variable cost, TC = CF + CV Revenue = Demand x Price, TR = D x P Profit = Total Revenue – Total Cost, P = TR – TC a) Develop the equations for the total cost and total revenue. Find the breakeven quantity c) How many units must be sold to maximize profit? What is the company’s maximum profit?3. Union Water Purification Company (UWPC) is evaluating two possible designs for a new production facility to replace their present obsolete facility. The total cost functions for the two facilities are: TC1 = 550,000 + 600Q TC2 = 300,000 + 825Q Both plants would produce an identical desalination device that sells for $2,600 per unit. UWPC foresees no change in demand and intends to estimate sales from an average of the last seven years: Year Sales ($000) 1,100 1,075 1,200 1,250 1,150 1,100 1,125 Calculate the operating leverage for both plant designs. Find the level of production at which neither plant design has an advantage. Considering the sales information given, which plant design has a greater probability of cost savings?The costs of producing a commodity consist of ₱102.00 per unit for labor and material cost and ₱54.00 per unit for other variable cost. The fixed cost per month amounts to ₱850,000. The commodity is sold at ₱740.00 each, what is the break-even quality per month? (Hint: for Break-even quality, COST = REVENUE)
- Problem 4. In the design of an automobile engine part, an engineer has a choice ofeither steel casting or an aluminum alloy casting. Either machine provides the sameservice. However, the steel casting weighs 8 ounces, compared with 5 ounces for thealuminum casting. Every pound of extra weight in the automobile has been assigned apenalty of $6 to account for increased fuel consumption during the life cycle of the car.The steel casting costs $3.20 per pound, while the aluminum allow can be cast for $7.40per pound. Machining cost per casting are $5.00 for steel and $4.20 for aluminum.Which material should the engineer select, and what is the difference in unit costs? 1pound = 16 ounceSelling price per large Snowie $ 5.00 Ice per Snowie $ 0.20 Spoon straw (need one per Snowie) $ 0.02 Styrofoam cup (need one per Snowie) $ 0.08 Napkin (need two per Snowie) $ 0.02 Servings per gallon of syrup 28 Cost per gallon of syrup (includes concentrate, preservative, and sugar) $ 8.00 Hourly rate for workers $ 10.00 Event registration fee per day $ 25.00 Electricity, insurance, maintenance, and permit costs per month $ 250.00 Kiosk rental cost per month $ 650.00 Purchase cost of two ice shavers (5-year life) $ 3,180.00 Purchase cost of a flavor station (5-year life) $ 1,080.00 a. Number of days you anticipate opening the kiosk per month 20 b. Number of hours you will work (no wages required) per day 6…A power company faces demands during both peak andoff-peak times. If a price of p1 dollars per kilowatt-hour ischarged during the peak time, customers will demand 60 0.5 p1 kwh of power. If a price of p2 dollars is chargedduring the off-peak time, then customers will demand 40 p2 kwh. The power company must have sufficient capacityto meet demand during both the peak and off-peak times. Itcosts $10 per day to maintain each kilowatt-hour of capacity.Determine how the power company can maximize dailyrevenues less operating costs.
