product Y 60 50 40 30 20 10->> O 0 10 PPF 3 PPF 2 20 30 product X C(c) All exhibit increasing opportunity costs O (d) Only (a) and (c) are true O(e) None of the above 40 02. What can you say about all three of these Production Possibilities Frontiers? O(a) All exhibit decreasing opportunity costs O (b) All represent production where resources are specialized PPF 1 50
Q: What is the equal payment series for 12 years that is equivalent to a payment series of $15,000 at…
A: Introduction Calculations of NPV can always be used to create a fixed payment stream that is equal…
Q: how much must you invest today?
A: The future value of the Ferrari is given which is 343000 the annual rate of return (i)is 12.9% or…
Q: If an industry is monopolized, then Labour Demand will be below the Labour Demand under competition.…
A: In a market, monopoly refers to the situation when a single firm is producing or selling a specific…
Q: How do you find the Marginal rate of Technical Sbustitution for the CES: (a1x1^p +a2x2^p)^(1/p)?
A: In economics, a production function is an equation that expresses the relationship between the…
Q: Deborah has 80 hours per week available for work and leisure. Her current wage rate is $25 per hour.…
A: Question 1: The number of hours available for Deborah is 80 hours per week for both work and…
Q: 19. The White test test statistic is n*R² ~²(S-1). Where is the R² in the test statistic measured?…
A: White test is actually used in Homoskedasticity and Heteroskedascity but actually White test is…
Q: The table below provides information on the growth in the money supply (M), velocity (V), the price…
A: Equation of Exchange will be: Money supply (M) * Velocity of money (V) = Price level (P) * Real…
Q: BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville.…
A: As per economics, a cost curve is a graph of the costs of production as a function of the aggregate…
Q: What are the implications of imbalances between injections and leakages?
A: In an economy, injections refer to the total amount of spending that enters the economy, while…
Q: How long will it take for an investment to double at a 3% per year? (a) simple interest rate (b)…
A: When talking about simple interest rate, it can be said that it is the return on investment based on…
Q: TA 0 MSA A MA MD Ποσότητα Χρήματος
A: The organized market where one can lend or borrow money for the short term is said to be a money…
Q: A car costs ₱800,000, 4 years ago, and the salvage value is ₱50,000, 6 years from now. If it is to…
A: A sunk cost refers to a cost that has already been incurred and cannot be recovered. It refers to…
Q: A brand new car costs ₱500,000 and the salvage value is 10% of the original cost after 20 years.…
A: Depreciation is an accounting technique used to distribute a tangible asset's cost that is over the…
Q: = 3. Assume that the manufacturing of generic medicine XYZ is a perfectly competitive industry.…
A:
Q: The average price of moving and thus, having two tests is: $_____
A: The initial distribution is not a Nash Equilibrium because there is an incentive for a corporation…
Q: Given the following consumption function: C = a + bYd a. What are the parameters a and b? b. What…
A: The consumption function is a relationship between consumer spending (consumption) and disposable…
Q: The following calculator shows the supply curve for sedans in an imaginary market. For simplicity,…
A:
Q: Suppose X~N(168,10), and Z~N(0,1). Then x = 159, is equivalent to z = ______. (Round your answer to…
A: Given information: X follows a normal distribution with a mean equal to 168 and a variance equal to…
Q: The prisoners’ dilemma describes many of life’s situations, and it shows that cooperation can be…
A: A prisoner's dilemma is a situation where individual decision-makers are ceaselessly enticed to…
Q: If you offer to buy a car for $11.000 but you had meant to offer $10,000 (the list price was…
A: Pricing basically refers to the process of determining the value of a product or service and setting…
Q: What is the value for Gross Domestic Product if consumer spending is $25,486, gross private domestic…
A: Gross Domestic Product (GDP) refers to the measure of a country's total economic output in a given…
Q: The last personal savings rate recorded by the Federal Reserve database was 2.4%. Assume your…
A: Following is the given information: Personal saving rate = 2.4% Average tax rate = 35% Government…
Q: Z2. RCR has decided to use the direct method and allocate variable X1 dept. costs based on the…
A: As per the question given, using the direct method of allocation of services, the costs of…
Q: Fenrik thinks it might be a good idea to buy a house to live in while he's studying at SAIT. The…
A: Given: Initial cost = $150,000Monthly revenue = $1,750Years = 3 years or 36 monthsSalvage value =…
Q: (a) Calculate the size of the labor force. Show your work. (b) Calculate the labor force…
A: Given information: The actual unemployment rate is increased to 5% The natural rate of unemployment…
Q: The pizzeria's fixed cost is $ Complete the third column of the following table by calculating the…
A: Fixed cost is independent of quantity. It is the total cost when no quantity is produced. Variable…
Q: 1. Consider a perfectly competitive market with a price of $12, where each firm has a cost function…
A: In microeconomics, long run equilibrium in perfect competition refers to a state where all firms in…
Q: 3-17 You are planning to withdraw $100 in Year 1, $150 in Year 3, and $200 in Year 5. At a 5%…
A: Present value (PV) is the ongoing value of a flood of cash flows. PV examination is utilized to…
Q: Select one: O MRt Interest rate (r) % MRW O MRX MRy O MRZ 14 12 10 Inflation % 8 6 4 2 14 12 10 8 6…
A: IS curve: IS curve shows different combinations of interest rate and the income. Such that for each…
Q: An explanation for the low saving rate in the United States consistent with the precautionary reason…
A: The saving rate is the percentage of income that an individual or household saves rather than…
Q: 3-16 We know that a certain piece of equipment will cost $275,000 in 6 years. How much must be…
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…
Q: The subway fare in your town has just been increased from 50 cents to $1.00 per ride. As a result,…
A: Price elasticity The demand-price elasticity is a gauge of how a product's consumption changes in…
Q: PISTACHIOS (Millions of pounds) 16 14 12 10 0 0 PPF 2 6 Glacier 4 PEAS (Millions of pounds) 8 10 12…
A: Opportunity cost is the cost of producing one good in terms of other. Opportunity cost shows the…
Q: True/False Road is a type of public good
A: Public goods are goods that are both non-excludable and non-rivalrous.
Q: The average sales per worker (labor productivity or how much sales an average worker in U.S.…
A: The average sales per worker is calculated by dividing the total sales by the number of employees.…
Q: Suppose a typical small open economy in a developing country is characterized by: a. The…
A: Credit creation in a banking system refers to the process by which banks are able to expand the…
Q: Price 21 48 75 $2 102 Quantity Supplied $1 Please refer to the graph above. Assume Price stays…
A: Quantity supplied is an economic measure of how many finished goods and services suppliers are…
Q: popular brand of decorative clay floor tile is priced at $7 per square until a surge in supply…
A: In the short term demand is likely to be more inelastic (low = less than 1). If people are utilized…
Q: Supply & Demand In supply (and demand) problems, y is the number of items the supplier will produce…
A: A fundamental idea in economics, supply and demand describes the connection between the quantity of…
Q: b. C. What is the value of the monetary base? (Give $ value.) Suppose the interest rate on…
A: The Fed can impact the money supply by changing store necessities, which for the most part alludes…
Q: Cecilia is interested in two goods, X and Y. The cross price elasticity of her demand for good X is…
A: Own price elasticity refers to the changes in the quantity demanded of the good occuring due to the…
Q: True/False Marginal cost is the addition to the total cost when more unit of output is being…
A: In economics, cost is the value of the resources (such as labor, materials, and capital) used to…
Q: Lea's utility function is U = x y0.4 where x denotes her consumption of good X, y denotes her…
A: Consumer equilibrium is the situation where consumer maximized her utility with given level of price…
Q: Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as…
A: Market equilibrium refers to a state in which the quantity supplied and the quantity demanded of a…
Q: A brand new car costs ₱500,000 and the salvage value is 10% of the original cost after 20 years.…
A: The Straight-Line Method (SLM) of depreciation is a widely used method to calculate the annual…
Q: Problem 4 Suppose that the production function is Cobb- Douglas, Yt (Kt)a (Lt)1-a = where Kis…
A: Production Function: Production function represents a relationship between the input and output. It…
Q: Which of the following is an example of capital as a factor of production?
A: Inputs used in the production of goods and services are known as factors of production. There are…
Q: d. How much output does each firm produce? Calculate each firm's profit. f. Using market demand and…
A: Before I answer the remaining parts, let me rectify a mistake committed in part (c) by the previous…
Q: Suppose Lan's utility function is U(x,y) = 76.1 x - 2.6 x² + y, her income is 1000 dollars the price…
A: A utility function is a mathematical representation of an individual's preferences over a set of…
Q: Consider a Ricardian model with two countries, the United States and Ecuador, producing two goods,…
A: Production is the process of creating goods or services using various resources like labor, raw…
The production possibility curve refers to the curve that shows the possible quantities that can be manufactured of 2 goods if both depend upon the same kind of resource for their production.
Step by step
Solved in 3 steps
- Green Bank employs three loan officers, each working eight hours per day. Each officer processes an average of five loans per day. The bank’s payroll cost for the officers is $820 per day, and there is a daily overhead expense of $500. labor and multifactor productivity will be: Select one: a. Non of choices. b. labor productivity 0.630, multifactor productivity 0.0125. c. labor productivity 0.640, multifactor productivity 0.0135. d. labor productivity 0.625, multifactor productivity 0.0113.365 ht, Library, and ng Resources soft Teams ngs soft Teams s "Marble Madness" is a local carnival game, costing $2. There are 100 total marbles in a bag: 2 red, 8 orange, 10 yellow, 30 green, 30 blue, and 20 black. If a red marble is pulled, you win $6, an orange marble wins $4, and a yellow marble wins $2. A green, blue, and black marble result in a loss of the $2 cost to play. What is the expected value of a marble pull? Provide your answer belowNo. of workers Output Fixed cost Variable cost = 30 x workers TC =FC +VC 0 0 30 0 30 1 50 30 30 60 2 90 30 60 90 3 120 30 90 120 4 140 30 120 150 5 150 30 150 180 true or false Grade It Now Save & Continue Continue without saving
- Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?principle of ecnonmy answer please asoon as possibleProblem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…
- Please answer correct explain plz asap Don't answer by pen paper plzSPL Group is into mining, agricultural-based and forest-based products, supplying wood, coal, carbon black, tendu leaves, tobacco extracts, honey, herbal, tree-barks (such as cinnamon) and opiates to intermediaries who make cigars, cigarettes, toothpowder, anti-psychotic drugs, etc. The group firmly believes in the ‘Triple Bottom Line’ of 3Ps, creating value for all the stakeholders; Planet, People and then Profits. SPL Group is committed to developing its business towards ecological, social and economic sustainability. All of these are recognized as shared responsibilities within the Group, enabling the continuous improvement of its operations.The company has initiated a multi-pronged approach to CSR within the organization.The ultimate objective is to see that each business decision takes into account its social impact and accordingly plans an intervention to mitigate the impacts arising out of that decision. It is equally important to ascertain that every activity done under CSR…2. Please answer the problem Subject: engineering economics Pls answer as soon as possible
- Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0 90 0 0 0 0 3 1 4 90 20 110 22.5 5 27.5 5 3 2 90 90 40 130 1 0.444 1.444 0.233 3 3 160 90 60 150 0.563 0.375 0.938 0.286 3 4 200 90 80 170 0.45 0.400 0.85 0.5 3 5 230 90 100 190 0.391 0.435 0.826 0.667 3 6 250 90 120 210 0.36 0.480 0.84 1 3 7 260 90 140 230 0.346 0.538 0.885 2 3 8 265 90 160 250 0.340 0.604 0.943 4 If the firm produces 265 units of output and sells it at $1 per unit, is it making profits or losses? How much are they making?Answer the following question with (True) if the statement is correct and with(False) if the statement is wrong 1. Project is a temporary endeavor undertaken to create a unique product only ( __ )Justify:2. Time, budget, resources and customer specifications are the project limitations( __ )Justify:3. Adding working shifts to a late project will help crashing the project towards thedeadline( __ )Justify:4. Finish-to-start (FS) is a logical relationship in which a predecessor activity cannot startuntil a successor activity has finished. ( __ )Justify:5. The project customer/user not considered as a project stakeholder. ( __ )Justify:PLease explain resondes and please help me solve, where should th problem begin .