Portia owns and manages a sporting apparel company. Consider the given average cost (AC), ayerage variable cost (AVC), = marginal cost (MC) curves for track suits. All but the MC curve have been placed incorrectly. Portia knows that the minimu: average cost for a track suit is $7 and the minimum of average variable cost is $5. Rearrange the AC and AVC curves so that are consistent with the marginal cost curve. If the average fixed cost curve is added to the graph, its 20 shape would be 19 O always increasing. PAVC 18 IMC 17 16 constant. 15 always decreasing. O u haped. 14 13 12 * 11 10 AC 4. 2. 10 Qauntity (s) au

Q: he following table shows demand and marginal cost for a monopolist. Calculate marginal revenue (MR) ...

A: Total revenue is the total receipts from selling goods or services.  Total revenue is quantity multi...

Q: 11. An increase in the exxpected price supply and demand for corn: a. increase both the demand and t...

A: The economic dynamics that decide what providers are willing to create and what buyers are willing a...

Q: An optional question to give you more practice solving games. Consider the following one-shot simult...

A:

Q: TD ULhon betwoen a normal and an infenior good is A. when income increases, demand for a normal good...

A: The above problem is based on two types of goods: Normal Goods Inferior Goods Normal goods are tho...

Q: What can you say about our Philippine money/ denominations? Do you think it possessed the all the ch...

A: The Philippine peso (currency code: PHP) is the country's official currency.The multicoloured notes ...

Q: For the following pay off matrix of firm A, determine the optimal strategies for both the firms and ...

A: Answer:

Q: 2. Consider a firm that has the following production function, q = 3L3KŠ, where the rental rate (r) ...

A: In economics, a production function gives the technological relation between quantities of physical ...

Q: Variable Fixed Total Average Average Marginal Quantity Costs Costs Costs Total Costs Variable Costs ...

A: Total revenue = Price*quantity Thus TR(at Q=5) = 30*5 =$ 150

Q: 1. April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She ...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Consider the  same marginal revenue functions.  Suppose now that teams must share 40% of their reven...

A: as given in the question,. marginal functions are same, MRL = 125 - 125 WL MRS = 65 - 65 WS

Q: Use of credit information in rate determination for a new applicant requires Agreement of producer D...

A: A credit agreement is a contract between a lender and a borrower.Creditworthiness or credit history ...

Q: Joe's income is $100 a day and he currently buys two goods: fresh fruit (F) and cheese (C). The pric...

A: Opportunity cost refers to decrease in quantity of one good needed to increase the quantity of other...

Q: Consider the game tree below (attached). In this game, each player can mover either Up (U) or Down (...

A: Given game tree

Q: In the model of monopolistic competition, compared to a firm with higher productivity, a firm with l...

A: Monopolistic competition: - monopolistic market structure is the structure in which there is a large...

Q: Amadea spends all her income on pizza, chocolate milk, and music streams. The price of pizza is $4 p...

A: Answer: Given, Price of pizza PP=$4 per slicePrice of chocolate milk PCM=$2 per bottlePrice of music...

Q: A telecommunications business may produce 500, 000 units per month. The company generates a total mo...

A:

Q: An economy is considered a small open economy if it   A. is too small to affect the world real inter...

A: Open economy refers to the economy which trades with other countries.

Q: %3D 0- 1 e optimal mixed row strategy. e optimal mixed column strategy.

A: All A,B, & C part solved below,

Q: Ultra Petroleum (UPL) has earnings per share of $1.56 and a P/E ratio of 32.48. What’s the stock pr...

A: Given:Earnings per share(EPS)=$1.56P/E ratio=32.48

Q: Given the following pair of demand functions. Determine the marginal demand function, the nature of ...

A: We have  The demand function for good a: Qda=20-2Pa-Pb        ... (a.1) “Since you have asked multip...

Q: Suppose there are two power plants that release sulfur dioxide (SO2) into air at their current produ...

A: Given that; MAC1 = 3q1 + 5 MAC2 = 2q2 Two power plants release 150 units of SO2  and each firm curre...

Q: . How did the pandemic affect the lives of working students? 2. What are the experiences of working ...

A: Pandemic basically refers to the situation when a diseases occurs in an country or multiple countrie...

Q: Answer the following: A. What is Development Planning? Why is there a need for economic development...

A: There is a difference between economic growth and economic development. Economic growth is a narrow ...

Q: Explain how each of the following actions will affect the level of planned investment spending and u...

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

Q: What is supply? Decision making behavior of sellers and shows the quantity that sellers are willing...

A: Supply : The supply can be defined as the quantity of the commodity that the seller is willing to se...

Q: Consider a competitive market for which the quantities demanded and supplied (per year) at various p...

A: Given information:  

Q: Which of the below is NOT an example of price discrimination? Select an answer and submit. For keybo...

A: In a market, price discrimination refers to when a seller charges different PR ces from different co...

Q: Trying to figure out question:  If a new home can be constructed for $150,000, what is the opportun...

A: Opportunity cost is the cost of opportunity forgotten in order to choose another opportunity. It is ...

Q: The average salary of male employees in a firm was Dollar 5200 and that of females was Dollar 4,200....

A:

Q: Soviet Unionlaunches the first satellite into space 1958 The US launches the first American satellit...

A: Thanks for posting the question but according to the guidelines, we answer one question at one time....

Q: Per-unit production cost is:     A)  a determinant of aggregate demand.   B)  real output divided by...

A: Aggregate demand is composed of consumption spending, investment spending, government purchases and ...

Q: Potential GDP corresponds to the concept of A aggregate supply. real GDP. C real GDP per capita. agg...

A: PLEASE FIND THE ANSWER BELOW.

Q: Suppose Canada has a voluntary export restraint for lumber going to the U.S. Who captures the quota ...

A: Voluntary export restraints are game plans among exporting and bringing in nations in which the expo...

Q: 1. What is oligopoly? 2. What is the difference between monopoly and monopolistic competition?

A: Introduction Oligopoly , monopoly and monopolistic competition are the forms of markets. 1.  Oligopo...

Q: 2A. In the lower mainland the equilibrium market rental rate is at $1,500/month and the equilibrium ...

A: Market rental rate = $1500/month Equilibrium quantity = 8000 units  Rent control rate = $1800/ month

Q: If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables fixe...

A: Given: Consumption function: C=50+0.75Y

Q: The salary of a consumer increased from ¢90, 000 to ¢110,000, which represents his salary for 2021 a...

A: Given: Salary in 2021=90000 Salary in 2022=110000

Q: When the Federal government takes action to change taxes and spending to stimulate the economy such ...

A: Federal government can increase or decrease taxes and government spending to change the money supply...

Q: The following table shows Ellie's utility from consuming slices of pie and cans of Dr. Pepper. 5- 4....

A: The demand curve is the willingness and the ability of a consumer to buy a commodity at a different ...

Q: 8. Why has party organizational strength grown more dramatically in the South than in other regions...

A: Theories of party organizational resurgence suggest that the strength of party organizations counter...

Q: Ray is an employee at COB company who likes having burger (x) and Pepsi (y) during the break and the...

A: Introduction Ray is in the employee of COB company which likes to having burger (x) and Pepsi (y) du...

Q: Discuss the global and local problems in the economy on why there us a lot of working students

A: An economy is defined as all activity in a given region that is connected to the production and cons...

Q: Which of these actions creates value? O Buying a struggling firm and selling off its assets for more...

A: The measure of the benefit or gain that is being provided to an economic agent by using any good or ...

Q: Question 2 Customs Assume that the country initially has free trade with the outside world. A duty o...

A: In simple words we can say that a producer surplus is considered as the difference between the value...

Q: Questions of the day: economics A man decides to deposit Dollar 2730 at the end of each year in a ba...

A:

Q: Answer the question on the basis of the following table for a particular country in which C is consu...

A: Real GDP = C + I + G + X - M Price Level C I G X M Real GDP 128 18 2 3 1 5 19 125 20 4 3 2 4 ...

Q: Output (units) (Q) Price per Unit (P) Marginal Revenue (MR) Marginal Cost (MC) Average Cost (АТC) 55...

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are ...

Q: 6) If a market is in disequilibrium, economists would predict that the product's price would to reac...

A: Equilibrium is the economic state in which market demand and market supply are equal, resulting in p...

Q: Suppose the consumption of an economy is given by C = 20 +0.6Y The following investment function is ...

A:

Q: f you pay $1000 for a $1000 bond that pays annual “coupon interest” equal to 5% and matures in 3 yea...

A: Given bond coupon rate = 5 % Bond face value = 1000 $ Current market value = 1000 $ Time = 3 years