Price and cost (dollars) 20 15.75 21 6,000 A B 8,000 SMC 1000 ATC AVC D-MR-$20 Quantity The above graph is for a perfectly competitive firm. The curve labelled "SMC " is the Marginal Cost curve, D-Demand and Marginal Revenue curve, ATC-average total cost curve, AVC is the average variable cost curve. (a) What is the profit maximizing price and output? (b) At the profit maximizing price and output what is the average total cost and average variable cost and average fixed cost? (c) At the profit maximizing price and output what is the amount of profit earned by this firm? (d) At what price would the firm earn zero profit (or loss)?

Q: Jim lost his job due to a leftward shift of the SRAS curve. He wants to know if the Federal Reserve…

A: In an economy, short-run aggregate supply curve is upward sloping and shifts leftward when there is…

Q: 1. You buy a Php 20,000.00 piece of equipment for nothing down and Php 4,000.00 per year for 6…

A: Given information Present value=2000000 Annual payment=400000 Years=6

Q: Lisa lawn Company (LLC) is a lawn mowing business in a perfectly competitive market for lawn mowing…

A: Here, the given table shows the quantity of lawn mowing per hour and total cost of per lawn mowing…

Q: Consider the following closed economy, which we shall call Gazzalestan. C=100+6/10 X YD. I=1700…

A: Private savings:- Private saving is the total of what individuals, private businesses, and…

Q: A factory installs new machinery that saves S(x) = 1800- 80x dollars per year, where x is the number…

A: Given:- S(x)=1800-80x C(x)=100x To calculate:- Time=? Net savings=? Please find detailed answer from…

Q: The Present Discounted Value (PDV) of a future stream of payments is _____________________ the sum…

A: The present discounted value, or PDV, is the amount paid or deposited in the current term or time…

Q: 6 If the marginal propensity to consume (MPC) is 0.40, the expenditure multiplier will be equal to…

A: Marginal propensity to consume refers to the change in consumption due to the change in income.…

Q: A factory supervisor faces the following table: Quantity of laptops Labour cost ($) Rental of…

A: The term "average cost" refers to the production cost per unit, which is determined by dividing the…

Q: The above table shows the benefit to each voter if an issue passes. The cost per voter of the issue…

A: The majority rule is a choice rule that chooses options which have a majority, that is to say, the…

Q: less efficient than SKL and thus feels that an adjustment of +1 percent should be added to the…

A: Bank rate, also known as discount rate in American English, is the rate of interest which a central…

Q: Draw the line of equality. Draw a Lorenz curve for the distribution of income and label it. >>>…

A: the Lorenz curve signifies an imbalance in the conveyance of one or the other riches or income;…

Q: following graph marginal (MR) demand (D), marginal cost (MC) and average total cost (ATC) curve of a…

A:

Q: QUESTION 34 This graph indicates that this firm is a natural monopoly. ATC True False Time

A: The monopoly refers to the market where only single firm exists in the market. The firm is price…

Q: Which of the following would most likely be included in the positive side of the U.S. current…

A: The question given relates to the balance of payment(BOP) which means systematic record of economic…

Q: firm can purchase a centrifugal separator​ (5-year MACRS​ property) for ​$22,000. The estimated…

A: Given data, Investment 22000 Life 6 years  Salvage value 4000 Tax rate 24% MARR 11​%

Q: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.36. If…

A: Appreciation, or capital appreciation, is an increase in the price or value of an asset.…

Q: Suppose the nominal exchange rate between Russian rubles and US dollars is given as e=75 rubles. If…

A: The real exchange rate is the rate between two currencies where nominal rate is adjusted with the…

Q: P(L, K) = 30L0.75 K-0.25 where L is units of labor, K is units of capital, and P(L, K) is total…

A: Equation that communicates the connection between the quantities of productive elements (like work…

Q: In the long run, when wages rise, the price level and equilibrium output

A: In the long run when wages rise, the cost of production for Businesses rises and the margins starts…

Q: you invest $1,000 at an annual interest rate of 5% compounded continuously, calculate the final…

A:

Q: Question 62 Question 62 2 3 4 5 6 7 8 (Table: Demand and Total Cost for Asgard) Use Table: Demand…

A: The expenses that are incurred for carrying out day-to-day transactions of the business are known as…

Q: In early 2020, the US labor-force was approximately 164.5M workers. By April 2020, the official…

A: The unemployment rate is the number of people who are currently unemployed. It is a reactive result,…

Q: In the prisoners' dilemma game, each player OA. chooses the best outcome for himself OB. consults…

A: Prisoner's Dilemma is an important game in game theory and has been used widely for further research…

Q: Which of the following is not a barrier to entry? Group of answer choices high fixed costs ownership…

A: The barriers to entry into a market are one of the feature of defining a market structure. Barriers…

Q: can you write it in a paper?

A:

Q: The federal government decides to require that automobile manufacturers install new anti-pollution…

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price

Q: Assume a infinitely elastic short-run aggregate supply. Consider the following economy: C=C+8/10 X…

A: Y = AD (Aggregate demand)  Where;  AD = C + I + G + X - M {C: Consumption, I : Investment, G :…

Q: Suppose that the economy has an inflationary gap. Which of the following policies would most likely…

A: Inflationary gap is a situation where the actual demand is greater than the potential demand.…

Q: The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a…

A: Answer to the question is as follows:

Q: 12

A: The income expenditure model shows the relationship between income and expenditure in an economy. It…

Q: K The four-firm concentration ratio for audio equipment makers is 30 and for petrochemicals it is…

A:

Q: Which of the following is the BEST example of a firm operating in an oligopoly market? Group of…

A: Oligopoly markets are those where a small number of suppliers exercise market dominance. They may be…

Q: The United Farm Workers union wants the government place import restrictions on agricultural goods…

A: Import restrictions are tariff and non-tariff obstacles placed by an importing country to regulate…

Q: 7. An expansionary fiscal policy: (Select All that Apply) A. usually decreases a government budget…

A: As there are multiple different questions, solution is provided to the first question i.e. Q7.…

Q: All parts to be answered....

A: An indifference curve shows a combination of two goods that give a consumer equal satisfaction and…

Q: c. If the central bank conducts the same policy as in part (b), except chartered banks hold all of…

A: Money multiplier is a term in monetary economics that is a phenomenon of creating money in the…

Q: For a producer willing to produce 100 units of output at the minimum cost, what is the optimal…

A: Cost of production is minimized at the level where slope of isoquant is equal to slope of ratio of…

Q: Discussion Question 13-2 Answer the following questions, which relate to measures of concentration:…

A: Four-firm concentration ratio helps to understand the contribution of firms in the overall output…

Q: 02. The change in the budget line from B2 to B1 was caused by: O (a) an increase in the consumer's…

A: The budget line is a graphical representation of all potential combinations of the two commodities…

Q: Read the news clip, then answer the following question. Between 1985 and 2007, China's Lorenz curve…

A: Lorenz curve is used as a measure of inequality, graphically seen as thr area or deviation between…

Q: A new wave-soldering machine is expected to save Burnaby Circuit Boards $15,000 per year through…

A: We are going to use present value approach to answer this question

Q: Use the following diagrams to answer this question 0 P₁ 0 LRAS, E₂ Y, Y₂ Panel (a) LRAS, Y, Y₂ Panel…

A: Short-run equilibrium occurs where the short-run aggregate supply curve intersects the aggregate…

Q: Consider the following table of long-run total costs for three different firms: A B Quantity 1 2 3…

A: A firm experiences economies of scale when its average total cost decreases with increase in output…

Q: Year hely earnings 2014 #24.46 2015 25.01 2016 25.67 Refer to the diagram above. If you were…

A: CPI measures the overall change in prices for the consumer based on a representative basket of goods…

Q: Demand for good X is perfectly elastic. Currently, the price of good X is $5 and quantity demanded…

A: Elasticity is the term economists use to define highly responsive supply and demand are to changes…

Q: Explain what an independent central bank means for an economy, and why is this confirmation of…

A: The Central Bank  is defined as a financial institution which manages the money supply and the…

Q: Due to the impact of Tropical Storm Harry in the Caribbean, the price of sugar rises from $0.50 to…

A: Price rise from $0.50 to $1 Quantity demand falls from 120 to 40

Q: Use the diagram below to answer the next three questions.    What price and quantity will the firm…

A: The concept of externality is very important as it covers the widely required concept of…

Q: People in a certain group have a 0.75% chance of dying this year. If a person in this group buys a…

A:

Q: 1.Which philosophers have discussed capitalism? What were their interpretations of it? Were there…

A: Capitalism  In a capitalist economy, private people or companies own the capital assets. Workers…