The fixed overhead expense of a manufacturer of children’s toys is$400 per week, and other costs amount to $3 for each toy produced. Find (a) the total cost of function (b) the average cost function, and (c) the marginal cost function.

Q: lf a monopolist can find buyers for 23 units at a price of $800, and if the marginal revenue due to…

A: Given Information is price = $800 quantity is 23 units and Marginal revenue due to 24th unit is…

Q: 4. Given a firm's total cost at different quantities of output, Output Level 0 1 2 3 4 5 6 7 Total…

A: ATC = TC/Q AVC = TVC/Q

Q: c. total reserves. $ 3000 d. excess reserves. $ e. Calculate the cumulative change in the banking…

A: C. 3,00,000 pennies=$3,000 Total reserve= Deposit * reserve requirement Total reserve= 3,000 *5%…

Q: Which of the following statements about adjustable-rate mortgages is TRUE? Interest rates can't…

A: A mortgage with an adjustable rate of interest. Based on changes in an index rate, the rate…

Q: Suppose in the market for gasoline the demand is given by P = 8000 – Qd and the supply is given by P…

A: With the negative production externality, SMC becomes more than PMC

Q: If a firm spends $200 to produce 20 units of output and spends $400 to produce 40 units of output,…

A: Marginal cost is the additional cost incurred to produce an additional unit of output

Q: 4. Two agents A and B have the following indirect utility functions: A In IA-a ln P₁-(1-a) ln P₂ Bln…

A: In economics, the utility function measures the welfare or satisfaction of a consumer as a function…

Q: Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if…

A: Marginal revenue product (MRP) is the marginal revenue created by using one additional unit of…

Q: Josh is playing blackjack for real money. He has reference-dependent preferences over money: if his…

A: Given value function V(X)=ln(X+1)---X>=0 V(X)=-2ln(-X+1)--- X=<0

Q: Assume the demand function for good X can be written as: QX = 30 - 3PX + 2PY + 0.2I Where PX…

A: In economics, a demand curve is a graph depicting the relationship between the price of a certain…

Q: Can the exchange of personal-use property qualify as a like-kind exchange? Why or why not?

A: Asset of a similar nature: A like-kind asset isn't always the same as the item that would be…

Q: On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV…

A: Answer is given below

Q: Calculate the present worth of all costs for a newly acquired machine with an initial cost of…

A: Answer; Given   Initial Cost = $ 24,000   Useful Life = 15 Years   Operating Cost =…

Q: Inflation The consumer price index (CPI) of a certain country is given by I(t) = -0.02t³ + 0.4² +126…

A: Given CPI equation,  I(t) = -0.02t3 +0.4t2 +126 for  t = 0, 1, 2, 3, and 4

Q: Find the present value of a PHP 120,000 annuity payable every year for 10 but deferred 3 years.…

A: The given values Deferred years (t)=3 Annuity payable years(n)=10 Annuity value (A)=120000 money…

Q: assume your price is equal to marginal cost and marginal cost slopes upwards. in the short run, a…

A: Perfect competition is a market in which there are a large number of buyers and sellers, all of whom…

Q: I buy a car for $25,000. I $550 monthly. pay The loon is 5 years. What is the interest rate A он…

A: FV = 25,000 Monthly Payment = 550,  Time = 5 Years

Q: Antitrust legislation in the United States is contained in the of 1914 and the Act of 1914. Onone of…

A: The laws whose main purpose is the promotion of competitiveness, fairness and regulation of…

Q: Quantity of Labor 1 2 3 4 Figure 12-8 Pies Per Day 20 60 90 110 5 120 Figure 12-8 provides…

A: We have given P=$5 of pie and cost of one unit of labor is $80

Q: e that shows the payoffs each firm earns from every combination of firm strategies eement among…

A: *Answer:

Q: Complete the numbered boxes on the following table, by writing the word or words needed to…

A: The central bank uses the monetary policy to check and balances the inflation rate, interest rate,…

Q: What are the most significant trends in U.S wages over the past five years?

A: Minimum wage legislation. The minimum wage is the lowest salary that companies are legally allowed…

Q: if a society has 250 million people over the age of 16, 145 million who are working, and 5 million…

A: Answer; Option 2 is correct.

Q: Alex lives in Moscow, where tomatoes sell for $2 a kilo, oranges sell for $1 a kilo and mango sell…

A: Tastes and preferences is one of the most important topics to be discussed in economics while paying…

Q: Prospect Z = ($7 , 0.25 ; $19 , 0.50 ; $26 , 0.25) If Anna's utility of wealth function is given by…

A: Prospect Z = ($7 , 0.25 ; $19 , 0.50 ; $26 , 0.25) and Anna's utility of wealth function is given by…

Q: A random sample of 61 lunch customers was selected at a restaurant. The average amount of time the…

A: Given the data, n=61, sample mean = 35 minutes, standard deviation = 7.7

Q: If a binding minimum wage is implemented in an economy, we can expect. to decrease, resulting in…

A: Supply is an essential monetary idea that depicts the aggregate sum of a particular decent or…

Q: Inflation The consumer price index (CPI) of a certain country s given by I(t) = -0.02t³ + 0.4² +126…

A: We have  given CPI equation for t=0, 1, 2, 3 and 4

Q: Investme deman $40 50 60 Investment AS AD, (7-$60)

A: An inflationary gap, in financial aspects, is the sum by which the real total national output…

Q: 4) Refer to the graph below. Using the midpoint elasticity formula, the value of price elasticity of…

A: Elasticity of demand is an important economic concept used to determine the extent to which a…

Q: Fair Trade Coffee is the case for this seminar.  (The main point-of-view is the Fair Trade…

A: Peter Giuliano embodies the ideal Fair Trade coffee spokesperson in many ways. He co-founded Counter…

Q: The liquidity premium theory of the term structure is different from the expectations theory of the…

A: The Liquidity Premium Theory describes the return or yield based on the risk involved in purchasing…

Q: 1) Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes…

A: A break-even analysis is a financial calculation that weighs the costs of a new business, service or…

Q: Question 12 Which of the following characteristics will make the demand curve for a given market…

A: Elasticity is the change in the quantity demanded due to variation in the price level.

Q: Question 50 If both the AS and AD curves increase, we can be sure that the price level is higher in…

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…

Q: 1. Use the assignment method to determine the best way to assign workers to jobs, given the…

A: Introduction For profit maximization, convert it into minimization problem by subtracting all the…

Q: 1) What is mandatory spending (non- discretionary)? 2) What is non-mandatory spending…

A: 1.  All spending that does not occur as a result of appropriations legislation is referred to as…

Q: Graph the Federal Funds market before and after the Federal Reserve's response to the crisis. Note…

A: Fund Rate = 1% Discount rate = 2% Interest on reserves = 0.5%

Q: The population of Czechia is ageing quickly and the old, who spend a relatively small proportion of…

A: Answer -   GDP (output) :- It is the sum of all the goods and services produced in a country in a…

Q: Consider an economy whose marginal propensity to consume is c = 0.6 and taxes, T, are lump sum.…

A: Saving is basically that part of income that is kept aside after consumption for future expenses. It…

Q: Suppose that the market demand for facial mud packs are given as follows: P = 2.200 - Q.  Mud packs…

A: Given, Market demand: P = 2200 - Q

Q: 2- According to purchasing-power parity, inflation in the U.S. causes the dollar to a) depreciate…

A: Under the concept of Purchasing power parity, by making use of approach of baskets of goods, the…

Q: 1. Draw five aggregate supply and demand graphs at long run equilibrium. Illustrate what would…

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

Q: Prospect Y = ($4, 0.25 ; $16, 0.75) If Will's utility of wealth function is given by u(x)=x0.25,…

A: Prospect Y = ($4, 0.25 ; $16, 0.75) And Will's utility of wealth function is given by u(x)=x0.25

Q: If the reserve ratio is 12.5%, the deposit multiplier is: Select an answer and submit. For keyboard…

A: The money multiplier is a measure of change in total money supply because of a change in the…

Q: less After the decrease in the price level, the quantity of money demanded at the initial interest…

A: Answer: If the price level has decreased then will be a downward movement along the aggregate demand…

Q: Possibility Movie Tickets (M) Chocolate Truffles (C) (units) (units) A 60 0 B 40 35 с 20 45 D 0 50…

A: Production possibilities frontier shows different combinations of goods that a country or individual…

Q: If a binding minimum wage is implemented in an economy, we can expect _______ to decrease, resulting…

A: Answer: If the minimum wage is binding it means the government has set the legal wage that is higher…

Q: Question 22 Refer to Figure 3-1 in Question 16. Assume that Tom has an income of $50. Based on the…

A: Answer: Given, Price of tacos = $5  Total income = $50 Let us check whether the cost of optimal…

Q: Data for 2018 Data for 2019 Quantity 4 Item: Price Price Hot dogs $1.75 $2.00 Pepsi 2 $1.25 3 $1.50…

A: The GDP is computed by multiplying the quantity of each commodity by its price and then adding all…