The marginal cost curve: is a vertical line. generally rises at first and then declines as output expands. decreases when marginal product begins to diminish. intersects the average variable cost curve from below at its maximum point. generally falls at first and then rises as output expands.

Q: Consider production function f(L, K) = 10VLK and input prices w = 10,r = 90.

A:

Q: The table below shows the demand and supply for soybean in Anderson County, South Carolina. A)…

A: Here, the given graph shows the demand and supply schedule of soybean at different price level.

Q: ATC AVC d MR MC 100 85 70 60 50 35 20 3 6 9 12 20 21 Figure 9.1 Refer to Figure 9.1. For this…

A: The profit maximization condition is when marginal revenue is equal to marginal cost (MR=MC).  From…

Q: Q1. Suppose a man receives an initial annual salary of 60,000Php, increasing at the rate of 5,000Php…

A: With regard to any Covered Employee, Equivalent salary means the base salary (or base wage rate)…

Q: For an IS/LM model of an economy with the following equations: C = 200 + 0.8Y |= 220 – 25i G240 TR…

A: The IS–LM model is a two-dimensional macroeconomic instrument that depicts the link between interest…

Q: A Production Possibilities Frontier shows Group of answer choices all the combinations of two goods…

A: Production Possibilities Frontier (PPF) is also known as the Production Possibilities Curve (PPC).

Q: Using the discussion of pay-as-you-go social security programs. explain how to derive the result…

A: The social security program was established to give security to senior individuals, disabled…

Q: In the long term, what inpact will elite units have in thewat agaijst international terrorism ?

A: 1. The fight against terrorism was a multifaceted campaign with an almost unlimited scope. Major…

Q: Using the IS/LM model, a monetary policy contraction O shifts the LM curve to the left, raising…

A: Monetary policy is generally steps which are taken by the central bank in order to stabilize the…

Q: A local factory assembling calculators produces 400 units per month and sells them at P 1,800 each.…

A: In economics, business—and especially cost accounting—the break-even point (BEP) or unhealthy point…

Q: Describe how the Federal Reserve can use its authority to stimulate the economy. How does the Fed…

A: 1. The Federal Reserve's two legal duties in the United States are to establish a consistent and…

Q: 4 4 Q(K1, K2) = K}K The price of one unit of K1 is 160, and the price of one unit of K2 is 5. Solve…

A: The production function: Q(K1,K2)=K145K245          .... (1) Price of input K1=160 Price of input…

Q: How do companies usually set their wage rates when they commence operations in foreign countries?…

A: 1. The answer is - b. At, or slightly below, the prevailing wage for local companies.

Q: SMC(4) = SAC(4) : %| AVC(4) = AFC(4) =

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Q: A country will choose to protect an industry to promote future comparative advantage instead of…

A: Comparative advantage: When a country is producing the output in which their opportunity cost is…

Q: Business: we provide home service and detailing for cars of wealthy and full time workers . Briefly…

A: Input refers to the items or factors of production that are required in the production process of a…

Q: Statement 1: Police power can be used to raise revenue for the government. Statement 2: The primary…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Assume that Derryland and Whetonia can switch between producing cheese and producing bread at a…

A: Opportunity cost refers to the loss incurred by giving up next best alternative while making a…

Q: Consider an economy with the following situation: C = 50 +0.8 Yd  I=100;T= 100 G =150   a. To…

A: Aggregate expenditure is the sum of consumption, investment and government purchases.  AE = C + I +…

Q: Compare and contrast four theoriesof city growth

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Which of the following represents an effort to correct for an adverse selection problem? O a. The…

A: Adverse Selection refers to a market process in which buyers and sellers are able to use their…

Q: ma ATC Avc K FOR EACH DIAGLAM, FIND 1. Quantity 2. Price IN 3, TR 4. Cost per unit 5 TC E F G 6,…

A:

Q: d.How will the firms adjust if the full employment level of income is 1500? Is this an inflationary…

A: A recessionary output gap is when the actual output is less than the potential output and an…

Q: Suppose land increases by 20% and the number of employed workers increases by 25% in country A.…

A: To explain the long-run impact of the drivers of economic growth, Solow growth model shows the…

Q: Fill in the blank using the number that corresponds to the correct word or phrase:

A: Gross Domestic Product (GDP) is defined as the value of all final goods and services produced in an…

Q: $10,000 $9,800 $9,600 $9,400 $9,200 $9,000 $8,800 $8,600 $8,400 $8,200 $8,000 $7,800 $7,600 $7,400…

A: Intersection of demand and supply of bond determines its price and price of bond and interest rate…

Q: A decrease in the expected inflation rate will cause the short-run Phillips curve to shift up shift…

A: A Phillips Curve is a graph that depicts the inverse connection between the rate of change in prices…

Q: Consider a perfectly competitive market that was in a long-run equilibrium when a permanent increase…

A: In perfectly competitive market there are large number of firms selling identical goods.

Q: How is migration measured

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: If C = 5 +0.6Y, I = 2 - 0.1r, G= 3, T = 4, X = 5 and M = 2+0.1Y. Form a IS equation for 3 sector…

A: "IS curve equation is derived from goods market equilibrium as it shows different combinations of…

Q: 5. Profit maximization and shutting down in the short run Suppose that the market for microwave…

A: Profit maximization refers to a situation in which a firm is earning maximum profit by producing at…

Q: Country X has a comparative advantage in producing paper and country Y has a comparative advantage…

A: Since the opportunity cost of production is reduced as a result of specialization, more goods are…

Q: Critically discuss the downside of expansionary monetary policy

A: Answer to the question is as follows:

Q: The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by…

A: The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by…

Q: 5. Saving and net flows of capital and goods In a closed economy, saving and investment must be…

A: In the circular economy, money is utilized to purchase goods and services. Goods and services go in…

Q: Discuss whether a government should always pursue a policy of free trade

A: The capacity of countries to import and export goods without tariffs or other restrictions is…

Q: Question 15 Prime interest rate refers to the lowest rate charged by bank to their most important…

A: The economies around the globe are involved in various activities, which are in the form of economic…

Q: The estimated cost of paving and marking the parking lot is $. (Round to the nearest dollar.) The…

A: The estimation of the amount of costs that will be incurred to create a product or construct…

Q: is it true or false In Cass-Ramsey-Koopmans model, the optimal savings rate is determined by the…

A: The Ramsey–Cass–Koopmans model is mainly for economic growth in the long run rather than business…

Q: For a seller, which of the following is NOT positively related? O The price of the good and the…

A: Keeping everything the equivalent on the off chance that the cost of production rises, the profit of…

Q: Describe an industry with monopolistic competition and identify an example in Canada.

A: Monopolistic competition: - monopolistic market structure is the structure in which there is a large…

Q: A child’s grandparents have opened a ₱60,000 savings account for the child on the day of her birth.…

A: Compound interest (also known as compounding interest) is interest calculated on a loan or deposit…

Q: A firm's production is given by f(L, K) =;min(3L, 2K), and it faces input prices w = $30/hr and r =…

A: Given  Production function: f(L,K)=16min(3L,2K)           ... (1) w= $30/hr r=$10/hr We have to…

Q: ? SAC А. В. SAC С. SAC AC AC АС ? ? ? SAC D. Е. F. SAC АС SAC АС AC ? ? 1. Of the graphs shown…

A: In a market, a firm experiences different phases of production based on its cost function with the…

Q: Jse the graph below to answer the following questions. Price Cost MC 20 АТС 16 AVC 14 10 MR Q 15 20…

A: A firm maximizes at the point where marginal revenue and marginal cost are equal.  Profit = Total…

Q: the uninflated present wort is 3000 in two years is 2308. what is the rate of inflation if the real…

A: Hyperinflation is the loss of purchasing power of a currency over time. The rate at which a basket…

Q: Which of the following statements in relation to monetary policy is false? The monetary transmission…

A: In an economy, monetary policies refers to the action of the Central Bank of an economy to influence…

Q: Assume that the full-employment level of output is $1,000 and the price level associated with…

A: The expenditure multiplier effect measures the impact that a change in autonomous spending will have…

Q: Suppose banks require a real interest rate of 12 percent. If they expect inflation to be 3 percent,…

A: A real interest rate is the one which is adjusted for the inflation whereas nominal interest rate…

Q: Explain what may cause a deterioration of the terms of trade. 

A: The proportion of a nation's export prices to its import costs is known as terms of trade (TOT). To…

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.