SE THE GRAPH TO ANSWER THE FOLLOWING QUESTIONS: (IF REQUIRED, USE THE DISCREET NUMBER OF BARRELS). ANSWERS IN WHOLE NUMBER a. How many barrels of natural-organic oil reflect the lowest minimum average variable cost? b. How much is the price of the natural-organic oil per barrel? c. How much is the fixed cost to produce the natural-organic oil? d. How many barrels of natural-organic oil should the firm produce to maximize its profit? e. At what production level would the marginal cost exceed the average cost?

Q: function for Product X is given by the equation Qd = 100 – 5(P) and the supply function is given by…

A: Product X is provided by the equation as, Quantity demanded  Qd = 100 – 5(P) and the supply function…

Q: Canada's dairy industry is a rich, closed club If you want to be a dairy farmer, you buy a plot of…

A: Please find the answer below.   PRICE OF A GOOD: Price is the amount of money that has to be paid to…

Q: Consider the following closed economy, which we shall call Gazzalestan. C=20+³/5 X YD. I=2400 G=1400…

A: A closed economy is totally self-sufficient, without any imports or exports from international…

Q: Suppose you know that the value of an investment grows exponentially. Using the exponential curve…

A:

Q: Click on the icon to read the news clip, then answer the following questions. The graph shows the…

A:

Q: How is the social security tax structured for workers who earned more than 117,000?

A: Types of tax structured:- 1) Regressive tax:- Regressive tax systems are regarded to be unfairly…

Q: Question: There are 500 people who need to go to work at the same time. There are 3 roads possible :…

A: The Given Choices are: TA = 10+(0.01)NA TB = 9+(0.02)NB TE = 10+(0.01)NE TC = 20+(0.01)NC The number…

Q: Refer to the demand schedule below: Price ($) Quantity demanded 80 70 60 50 40 30 20 10 0 0 50 100…

A: In economics, demand is the quantity of a good that consumers are willing and able to purchase at…

Q: If the inverse demand curve is p=140-Q and the marginal cost is constant at $10, how does charging…

A: The Profit is maximized where the Marginal Revenue is equal to the Marginal cost of production. or…

Q: New York seals deal on $15 minimum fast-food wage "Raising the minimum wage to $15 an hour will add…

A:

Q: Developing countries are usually described as followers, with respect to developed ones, in the…

A: Foreign direct investment: It refers to the investment under which the foreign firms will have…

Q: % 5 The graph illustrates the market for Internet service Draw a point to indicate the market price…

A:

Q: (...) If the college puts a rent ceiling on rooms of $650 a month, rent is $ number of rooms rented…

A: Price ceiling and price control are the forms of price control imposed by the government. Rent…

Q: Expansionary monetary policy is when: None of the statements are correct. The president and congress…

A: Monetary policy refers to the policy of central bank that changes the cost and availability of…

Q: New York has the highest cigarette taxes in the country. The price of an average pack of cigarettes…

A:

Q: Below is a data of the per-unit costs incurred by a competitor in selling face mask per pack (5…

A: When a company makes the choice to "shut down," it signifies that it will temporarily stop producing…

Q: 18 points)  Suppose you have $30 and you are going to rent some movies and buy some sodas.  Suppose…

A: Two goods - movies (M) and sodas (S) Total income = $30 Cost of movie = $6 Cost of soda = $1…

Q: me employment rate has fallen, creating an unemployment rate of 10%. the inflation rate has fallen…

A: The negative output gap implies the fall in the output below the potential level of output.

Q: The graph shows the market for chocolate bars. Draw a point at the equilibrium quantity and…

A: Given, Equilibrium without tax, Demand = Supply Price = $3 Quantity = 6

Q: The government introduces a productic || from the production quota. from the production quota. OA.…

A: The demand curve depicts the quantity demanded at each price level, keeping other factors of demand…

Q: Which statement is CORRECT? Any person who can work and is of working age is considered part of the…

A: GDP is measured with the aid of using taking the portions of all items and offerings produced,…

Q: With specific reference to the current Russian-Ukrainian war, Discuss both the positive and the…

A: International Trading  Global trade is the sale of goods and services among both nations. Global…

Q: The maintenance on a machine is expected to be $3,500, P7,000, 10,500, and 14,000 for the second,…

A:

Q: 12- 10- 8- 6- 4- Price (dollars per smartphone charger) 2- 0+ 0 S 2 D 4 6 8 10 12 Quantity (millions…

A: A tax is a mandatory expense or monetary charge levied by any administration on an individual or an…

Q: The spending multiplier, m, is 1/(1-MPC). a) If the MPC is 0.9, what is the spending multiplier? b)…

A: Marginal Propensity to Consume is the proportion of an increase in income that gets spent on…

Q: At the beginning of every three months, a college student deposits $3,000 in a fund that gives 2%…

A: Depositing every three months till 48 months at the beginning  forms the annuity series or annuity…

Q: 3. Consider two countries, A and C. At the beginning of the year, the CPI of Country A was 100,…

A: Foreign Exchange  Exchanging currencies between nations at market rates is referred to as the…

Q: The demand for good X gi by Qx-1200-Px-2y+z+02M w Py is the peace of good Y. Pg is the price of good…

A: Demand Function. A demand function is defined by p=f(x), p = f ( x ) , where p measures the unit…

Q: the short run, a firm's average variable cost will increase as its output increases because

A: The variable cost refers to the cost which changes with change in the level of output.  AVC = TVC/Q.

Q: The Smiths save $16,000 per year for retirement. They are now in their mid-thirties, and they expect…

A: Smiths per year investment (A) =$16,000 Currently, he is in his mid-thirties, (approximately 35…

Q: Since in competitive markets the goods are nearly identical,   Group of answer choices   A.…

A: Competitive market is a market structure in which there are many buyers and many sellers. There is a…

Q: 4. Problems and Applications Q2 If the Fed wants to increase the money supply, it can sell If the…

A:

Q: (d) What is the variable cost? ta What is the fixed cost?

A: since the cost of renting tuxes for choral societies formal is $19 down plus $85per tax. so, The…

Q: S es in Safari Which statement is CORRECT? O Monetary policy is controlled by the Federal Reserve…

A: In an economy, fiscal policy and monetary policy are two types of economic policies that are used to…

Q: Use the graphical illustration to answer the following questions: (if required, use the discreet…

A: As per the profit maximization rule, The profit-maximizing quantity of output is where the marginal…

Q: Anita's firm has a total variable cost of 2q2-85q and total fixed cost is 200 1. find the firm…

A: Introduction Total cost is the addition of total variable cost and total fixed cost. Total fixed…

Q: ymakers are provided data about the private and social benefits of a good being sold in the market.…

A: An externality is a cost or benefit associated with the production or consumption which is borne or…

Q: The El Dorado Star is the only newspaper in El Dorado, New Mexico. Certainly, the Star competes with…

A: The total profit is how much cash you have left over after you figure out all of your costs of…

Q: What is regional trading blocks ? stoote the different types of regional trading blocks

A: A cooperative union or collection of nations known as a "Regional Trading Block" (RTB) exists inside…

Q: Use the following table for questions 7-10 Carving knives Home users Professional Chefs No-name…

A: Here, the given table shows the price of two products for two different types of chefs that the…

Q: on tax debate heats up in Montpelier VT monters are debating the pros and cons of a state carbon…

A: Supply represented by marginal cost which implies the positive relation between price and quantity.…

Q: The El Dorado Star is the only newspaper in El Dorado, New Mexico. Certainly, the Star competes with…

A: The El Dorado Star faces the revenue and cost schedules shown in the table: Q TR TC 0 0 2500…

Q: Most transactions could be viewed as examples of asymmetric information since consumers typically…

A: Asymmetric information occurs where the information is not equally distributed between buyer and…

Q: What is the level of aggregate expen level of income? Graph the aggregate expenditures function.

A: Aggregate expenditure is the sum of consumption, investment, government spending, and net exports.…

Q: 13. Draw a diagram and illustrate the effects of the follow- ing on the net exports function for the…

A: Export alludes to a product or service created in one nation however offered to a purchaser abroad.

Q: 2. Assume a given economy has an equilibrium GDP of $360 billion. A. If government spending and…

A: Given Information: Equilibrium GDP =$ 360billion

Q: A coal mining company has owned a mine for the past 5 years. During this time the following tonnage…

A: Suppose a coal mining company has owned a mine for the past 5 years. During this time the following…

Q: The table shows the demand and supply schedules for sandwiches. What is the equilibrium price, and…

A: Efficiency is achieved where total surplus, sum of consumer and producer surplus is maximized

Q: 9. The level of prices and the value of money Suppose the price level reflects the number of dollars…

A: Given  Price of basket in year = $9.00 Price of the basket in year 2=$8.00 When price level…

Q: Tim manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash…

A: The measure that depicts the general rise in prices of goods and services in the economy is known as…