Q: When output increase then difference be- tween TVC and TC
A: # We must first know that the total cost of the firm is the sum of variable and the fixed costs.…
Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…
A: Marginal cost can be calculated as follows.
Q: What is the eiforence beteeen accounting proft and econonic profe OA Economic proft subtracts both…
A: the correct option is a) economic profit subtracts both explicit and implicit costs from total…
Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…
A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000
Q: The answer in the textbook says when x>5 how do you get that ?
A:
Q: 45 40 35 30 25 15 10 MR MC-ATC Demand
A: A monopoly that practices perfectly price discrimination produces at P=MC (i.e., the intersection…
Q: AVC=10-0.03Q + 0.00005Q2 TFC=60 What is the TC function? What is the minimum AVC?
A: Total cost is the sum of total fixed cost and the total variable cost. Average variable cost is the…
Q: In ,e çompeti tive monket nhere Hhey tomand Hive morket whre Hhen femain d and fe suply function is…
A: Demand : 40-2p Supply: 5+3p Equilibrium: Demand=Supply 40-2p=5+3p 35=5p p*=7 q*=26
Q: what is coasian transaction cost?
A: In environment economics, externalities are caused to any third parties as a result of a transaction…
Q: O Consi der Hhe follwing Cournot medel. » The inverse femand funstion is given by p= 30-0 where Q =…
A: Dear Student as you have posted multiple sub-parts in a question but according to the policies and…
Q: Explain the relationship between AC , AVC and the AFC theoritically. ( I don't need diagram )
A: # We know that the sum of TFC and TVC gives us the Total cost. TC = TFC + TVC Also the average…
Q: 85 45 30 25 10 D. 10 18 20 32 Q cefer to the graph, at quantity 32 Marginal Cost (MC) is
A: here we find the cost curve and answer the following as follow-
Q: Y = 0.75X + 0.0042X2 – 0.000023X3 If input price is 0.15$ and output price is 4$ then at what level…
A: The given equation is the production function of output Y. X denotes the amount of input. The profit…
Q: Two friends have an idea for a new food truck called Funk Seoul Brother, that sells Korean street…
A: Demand curve, P=40-Q80Fixed cost=$2000Marginal cost=$6
Q: 32. TC curve A. O Rises continously
A: TC is the sum of TVC and TFC i.e., TC = TVC + TFC Where TC is the total cost TVC is the total…
Q: A toy manufacturer's cost for producing q units of a game is given by C(q) = 1450 + 3.6g + 0.0006g.…
A: p = 8.6 - (1/440)q p = 8.6 - 0.0023q TR = pq = (8.6 - 0.0023q)q = 8.6q -0.0023q2 TC = 1450…
Q: Burton Company The Burton company has an annual demand of 7,392 bins a year. It costs the company…
A:
Q: You are the CEO of Widget World Corporation. Researchers have developed a new electronic widget. The…
A: Expense Function is made up of Fixed Cost and Variable Cost Total Revenue = Price * Quantity Fixed…
Q: The table below shows the computer server installation options and their benefits and costs for a…
A: As the table shows the cost of installing 1 server is $900 and then for the installation of 2nd…
Q: Initial situation: The market demand for "internet boosters" in Clemson is defined by the function…
A: Equilibrium is achieved where demand is equal to supply.
Q: Can you answer me as soon as possible , urgentttttt!!!!!!!!!!! Bodyguard Ltd. was established in…
A: An ethical dilemma, also known as an ethical paradox or a moral dilemma, is an issue that arises in…
Q: Price Sdomestic Po = $50 F E Ddomestic Qo=10 Quantity In the graph above, total variable cost of…
A: In the above graph, P0 = $50 Q0 = 10 Therefore, Total Variable Cost = P0 x Q0…
Q: If output is below full emplc True O False
A: when output exceeds full employment then, in that case, the actual rate of unemployment is less than…
Q: Following the given equations of costs and its supposed price, find the equilibrium costs and…
A: We are going to find the equilibrium quantity and equilibrium costs to answer this question.
Q: I Auto can produce any quantity of cars at a constant marginal cost equal to $100 and a total foced…
A: Given; Marginal cost= $100Total fixed cost=$10000Demand for LI Auto in Europe; QE=6000-8PEDemand for…
Q: • the optimal output (the number of hours of cleaning) is 45 hours. • the optimal price is $ 45 •…
A: A monopoly is defined as the market structure where there is a single seller selling identical or…
Q: The distance between the TC and TFC curves narrows as more mountain bikes are produced.
A: When a firm produces output, it's fixed cost refers to the cost that remains fixed at any output…
Q: rage fixed costs would rise, but marginal costs would fall. rage fixed costs and average total costs…
A: The average fixed cost (AFC) is the fixed cost that constant with the change in the number of goods…
Q: Rev conts Com Peverun 100 400 Figure 2 14) Based on the information in Figure 2, the total fixed…
A: Total Fixed Cost is the amount of money which is spent by the business without any business…
Q: The town council of Frostbite, Ontario, is trying to decide whether to build an outdoor skating rink…
A: According to the question, Cost of building skating rink = $1.2 million Demand: q = 1600 - 0.8p
Q: t6Q*t cQ+d a Find: minimum of mc and QM- mC Min= Qm= B) Find miniMUM AVC, AVCmin,and the output whee…
A: Marginal cost is teh additional change in total cost due to an additional unit of production.…
Q: Mikey W. Smitty, an emerging musician, is getting ready to cut his first CD. The cost of recording…
A: Given information Cost of recording CD=$3000 Cost for per copy=$2 Selling price=$17
Q: Two of your classmates have an idea for a new food truck called Funk Seoul Brother, that sells…
A: Monopoly is a scenario in which there is just one company operating in a certain market. Thus, a…
Q: What is the marginal cost forumla for TC= 10+5Q?
A: We know well that the Marginal cost is given as the ratio of change in total cost by change in…
Q: Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q+ 800, what profit can…
A: Thank you for the question, since you have posted multiple questions. As per BNED policy we can…
Q: If TC = 88 + 140Q, what is the marginal cost when Q=29? Enter as a value. 1
A: The cost that is incurred by the business for incurring and carrying out the day-to-day transactions…
Q: If average costs are decreasing we must have locally: a. IRS b. CRS C. DRS d. Not enough information
A: Firms operating in a market incur fixed costs and variable costs. Fixed costs are the costs that do…
Q: Brian is a hard-working college senior. One Thursday, he decides to work nonstop until he has…
A: Given; Time Total problem answered Marginal benefit 8:00 AM 0 0 9:00 AM 40 40 10:00 AM 70…
Q: Given: TC = 3,000 + 100Q TC = 3000 + 100Q ATC = Q = 10 AC = TC / Q TC = 3000 + 100*10 = 4000…
A: TC = FC + VC where TC = Total cost FC = Fixed cost VC = Variable cost
Q: Is Fuel a variable, fixed or overhead cost?
A: At the marketplace, when a firm produces a good and operates its business, there are different types…
Q: Amanufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is…
A: Given Demand equation: D=2500-3P .... (1) Cost function: C=5000+4D .... (2)…
Q: < Question of 2o Network goods hane very large econmies of scale. This meats that the lied cost of a…
A: In a market, network goods refers to the items whose demand increases if an individual consumes it…
Q: SI. Which ty the fallowing atatementy ir /are TRUE Cendrining average A. AFC contimues to dedine as…
A: Average Fixed Cost (AFC) is total cost per unit of output. AFC=TFC/Output A. As output increases AFC…
Q: If the Price of a product decreased from 10 JDs to 4 JDs, cause the Qd to be increased from 600…
A: For answering this question, we will calculate the price elasticity of demand(ed). It is given by -…
Q: a: All homogencous functions axe homothetic, but all homathetie Sunctions ade not homoganeous,-…
A: In mathematics, a homogeneous function exhibits multiplicative scaling behavior, which implies that…
Q: According to one estimate, the parts for a Segway Human Transporter-which has five gyroscopes, two…
A: The marginal cost is the change in overall cost that occurs when the amount produced is increased,…
Q: AC and AVC can intersect each other. True/False
A: Average cost and average variable cost are both the average values of total cost and total variable…
Q: (Minimizing Loss in the Short Run) Explain thedifferent options a firm has for minimizing losses in…
A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…
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- in questions 5 &6, what is meant by higher and lower? An inward or an outward shift?need quality answer Nuoya has $256 to spend on cherry and/or coconuts. The price of cherry is $12/kg and the price of coconuts is $17/kg. What is the slope of her budget line, if cherry is on the horizontal axis and coconuts are on the vertical axis? Round your answer to two decimal places, if necessary. Hint: is slope positive or negative?i wil 5 upvotes. do fast no use chagpt answer.
- (1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increasedB. The real value of GDP remains the same C. North Sea oil wells have dried upD. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activityB. it coincided with BrexitC. it forced social isolationD. it obliged people to develop new Information Technology skills(i) A is correct(ii) A and B are correct(iii) A and C are correct(iv) All of the above are correctSketch the following budget constraints: PX PY Income A RO 50 100 RO 5000 B 100 150 5000 C 50 200 2000 D 20 8 800Suppose Matt’s income is $120. He plans to spend it on two goods bread and avacado. Prices are: Pb = $4 per loaf of bread, Pa = $1 per avocado If Matt spends all his income on loafs of bread, how many does he buy? If Matt spends all his income on avocadoes, how many does he buy? If Matt buys 10 loaf of bread, how many avocados can he buy? Plot each of the bundles from parts A – C on a graph that measures avocadoes on the horizontal axis and loaves of bread on the vertical axis, connect the dots to find Matt’s budget constraint. Show what happens to the budget constraint if his income falls to $100, (prices do not change). Show what happens to the budget constraint if price of avocado rises to Pa = $2 per avocado, (income and price of loaves of bread did not change).
- Let's assume that prices substantially increased over the past year. How do you expect this will affect people's buying behavior? Be sure to tie this back to economic concepts discussed in this course. Time Atten 33 M.A consumer has $300 to spend on goods X and Y. The market prices of these two goodsare Px = $15 and Py = $5. a. What is the market rate of substitution between goods X and Y?i will 10 upvotes no chatgpt
- Discuss wether all firms in a country will welcome a change in people’s income.Jeremy has a monthly income of $60. He spends his money making telephone calls (good ?, measured in minutes) at a price of ?? and on other composite good ?, whose price has been normalized to one, meaning ?? = $1. His mobile phone company offers him two plans: plan A, in which he pays no monthly fee and makes calls for $0.50 per minute, or plan B, in which he pays a $20 monthly fee and benefits from cheaper phone calls at $0.20 per minute.(a) Depict Jeremy’s budget constraint under each of the two plans, with the number of phone calls (good ?) in the horizontal axis and the composite good (good ?) in the vertical axis. (b) If Jeremy mentioned that plan A is better for him, what is the set of consumption bundles he may purchase if his behavior is consistent with WARP?Q-4 Suppose that Kaleed’s income 1800 RO. And he purchased 30 units of goods y that cost 30 RO per unit. Calculate how many units Kaleed can buy of product X when it costs 20 RO.
