The production cost for a firm is given in the table below, calculate the marginal cost of producing a 10th unit of output. Output (units) Total cost (£) Average cost (£/unit) 8. 672 84 01

Q: Consider the following diagram: FF (10% interest rate) FF (78% interest rate) Julia's 100 endowment ...

A: Answer-

Q: Suppose the demand for Car is given by Qd = 1000-0.5P  and that the supply of Car is given by Qs=2P-...

A: Qd = 1000-0.5P Qs=2P-300

Q: The unexpected rise in inflation rate in recent weeks in February 2022 was due to expected increase ...

A:  Since you have asked multiple question, we will solve the first question for you. If you want any s...

Q: How can the outsourcing of jobs cause production possibilities to expand

A: A production possibility frontier (PPF) shows the maximum possible output combinations of goods or s...

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A: GIVEN Use SI model to graphically analyze the impact on China due to (a) A pessimistic world investm...

Q: Answer questions in this assignment using the above graph. Suppose the government offers a $50 wage ...

A: Equilibrium in the market is reached at the intersection of labor demand and labor supply curves.

Q: A. Consider the following one period game between Yellow pages and a new competitor Spartan informat...

A: The marginal cost is the increase or decrease in the cost of manufacturing one more item or serving ...

Q: Price $11 10 90 100 Quantity 22. How much of the tax will the sellers pay? а. $3 b. $2 C. $1 d. $0 2...

A: The markets are the place where the buyers and the sellers of the goods, services, and other product...

Q: The demand and supply functions of two related goods are given by Qd1 = 300 – 50P1 + 20P2 Qs1 = -200...

A:

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A: Given information: Wage rate = $7.25 Tax rate = 10%

Q: For each of the following production functions, compute the marginal product of capital (MPK) and th...

A: Answer: Marginal product: marginal product of input refers to the additional output produced by that...

Q: Chapter 5 - Production Planning and Control CASELET: ESCOM-COPING WITH RUNWAY CAPACITY NEEDS ESCOM i...

A: Introduction Production capacity of ESCOM has given. And we have to forest its production volume for...

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A: In a market, the elasticity of demand and supply depends upon the nature of the product and other ma...

Q: See the income and benefits information for a wage earner in an antipoverty program with a phased-ou...

A: Answer-

Q: 52. Find the interest per month of the loan at the nominal rate of 20% compounded monthly. O 1.5% O ...

A: Given data: Nominal interest rate, i=20%=0.2 Compounding is monthly.  

Q: Goals and objectives of Poverty Alleviation Program in the Philippines.

A: As a product is manufactured and put into production, cost  is calculated and business follow ups. B...

Q: There are four hospitals (consumers in this example) willing to pay the following amounts for a vent...

A: Answer: Surplus: surplus refers to the difference between the cost of producing a good and the maxim...

Q: Which of the following is NOT an example of a unilateral transfer?   A) A Canadian charity sends don...

A: Unilateral transfer:- It is a transaction of money or goods from one person to another person withou...

Q: What is the profit-maximizing output level for a company that has demand function Q = 220 - 4P and c...

A: The answer is given below  

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A: Discounted Loan is a scenario where the person who lends money to another person deducts a percentag...

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A: An equilibrium price is achieved when the demand is equal to the supply in an economy. This implies ...

Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the ...

A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

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A: Entrepreneurial competencies Entrepreneurial competencies are the key qualities a person who is an e...

Q: 5. Calculating tax incidence Suppose that the U.S. government decides to charge wine consumers a tax...

A: When the tax is imposed on buyers or sellers, the quantity traded in the market is decreased

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A: Gross domestic product measures the value of goods and services at current year market prices.

Q: Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest, com...

A: Given information: Principal Amount (P): P900.00 Interest rate (r): 15% compounded continuously Tim...

Q: Which of the following is counted as part of the US GDP in 2019? Question 9 options:   All cars t...

A: All cars include used cars as well so they were not produced in 2019. So not a part of GDP. Producti...

Q: Which of the following is not a type of corporation? Select one: O a. public O b. benefit

A: All the corporations are explained below:

Q: alo

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: Assume that the following details apply to the U.S. economy: Government budget deficit: $150 ...

A: G - T = Government budget deficit = $150 billion. S = Domestic Savings = $2,000 billion I = Domestic...

Q: Which of the following is not an argument against government intervention in a market? A. If the go...

A: Government intervention means influence the demand and supply forces . And fix the the price and Out...

Q: According to the principle of , consumers determine what is produced in the economy through their pu...

A: GIVEN According to the principle of , consumers determine what is produced in the economy through th...

Q: Table: Employment Data Full-time employed Not working but looking for work Part-time employed Discou...

A: Labor force equals total workforce in employed as well as unemployed workers. 

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A: In the United States' legitimate framework, there are four primary sources of law. These are constit...

Q: Suppose your annual nominal income for the next four years is $78,500, and the annual inflation rate...

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Q: Suppose the own price elasticity of demand for good X is -2 its income elasticity is 3, and the cros...

A: Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product t...

Q: Mr. JCT is working a company providing 401(k) retirement plan. He contributed $6,000 to the plan thi...

A: The compensation of employees includes two things: Payments in cash and Payments in kind.  Payment...

Q: • Equilibrium price level, labeled PL1 Equilibrium real output, labeled Y1 • Assume there is an incr...

A: In the below diagram equilibrium price level, lebeled as PL1 and equilibrium real output lebeled as ...

Q: per worker (constant dollars) Productivity using 2010 technology $120,000 90,000 E B 60,000 Producti...

A: Property rights refers to the rights to use, control and gain the benefits from a good or a service....

Q: Assume that you’re the director of one of the corporations listed below and have been presented with...

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Q: 28 24 20 16 12 8 D 4 8 12 16 20 Q 24 Given a price ceiling set at $8, what would be the quantity tra...

A: Price control is implemented by the government of the country for the welfare of the people. Under t...

Q: Table: Population Data for Estill County Demographic Group Employed Unemployed and looking for work ...

A: Labor force = Employed + unemployed looking for work = 5000 + 1000 = 6000  

Q: If a price ceiling is set by the government above the market equilibrium price, then A: the quantity...

A: Given: A price ceiling is set by the government above the market equilibrium price.

Q: Suppose that each firm in a competitive pizza market has the following identical cost: Total cost: T...

A: Introduction TC = 25 + 1.5 Q2 MC = 3Q AC = 25/Q + 1.5Q Q TC MC AC AFC AVC 1 26....

Q: For a company with (inverse) demand function P = 4,510 - 55Q and cost function C = 88,000 + 660Q, le...

A: P=4510-55Q C=88000+660Q Total Revenue=PQ TR=(4510-55Q)Q TR=4510Q-55Q2 Maximizing TR  : Differentiati...

Q: Part 3: (Continued from above) Because the Once-lers are motivated by individual profit and won’t si...

A: Firm's objective is to maximize the profit and produce where marginal revenue and marginal cost are ...

Q: how the shortage of semiconductor chips has shifted the production possibilities curve inward for au...

A: Production possibility curve: - it is the graphical representation of different combinations of two ...