What is the relationship between revenue cost and profit?

Q: P = 2,200 – Q. Mud packs can be produced at no cost. Determine the level of output that would be…

A: Given: P = 2,200 – Q.

Q: Suppose that solar energy panel and electric car are the only two goods produced in an economy. The…

A:

Q: Which of the following arguments for limitations on trade is more controversial among economists?…

A: In an open economy, government generally intervene in the international trade by using its policies,…

Q: Which of the following describes an advantage of the government supporting research and development…

A: The reduction in taxes for firms depending on the R&D activities will motivate firms to invest…

Q: Durable goods and non-durable goods comprise approximately ________ of the supply side of the GDP.…

A: GDP is the sum of consumption, investment, government spending and net exports in an open economy.

Q: Engineering Economy calculations that consider deflation use the same relations as those for…

A: Engineering economics is the braoder economic study to make calculation using scientific and…

Q: As an economist, please consider the extent to which the increasing enrollment in…

A: There are various reasons why increased government-sponsored healthcare enrollment may justify…

Q: Which one of the following sets of circumstances could the existence of economies of scale cause in…

A: Economies of scale is an advantage enjoyed by the firm by increasing production and decreasing cost.…

Q: In the country of Kong the labor force participation rate is 65%, the adult population is 161444 and…

A: The unemployment rate is defined as the number of unemployed out of total labor force in an economy.…

Q: 1. Why is the interest rate irrelevant in the one-period general equilibrium model? What is the…

A: One-period general equilibrium  One-period general equilibrium explains the behavior of demand,…

Q: If foreigners investing in the United States (i.e. DI) is less than U.S. investors investing abroad…

A: Foreign exchange market is an international mechanism for foreign currency purchases and selling.…

Q: Evaluate the impact of TRAIN Law in the Philippine Economic Development using the…

A: A SWOT analysis basically refers to a strategy that is used for evaluating these four areas of your…

Q: A new production system for a factory is to be purchased and installed for $179,949. This system…

A: Answer; Assume that cost of electricity is $0.10 per kw/h.

Q: Figure 19-6 25.00 Demand Supply 22.50 20.00 17.50 15.00 12.50 10.00 7.50 5.00 2.50 10 20 30 40 50 60…

A: Minimum wage is defined as the lowest legally approved wage which can be paid by the employers to…

Q: n experiment can result in any of the outcomes 1, 2, or 3. (a) If there are two different wagers,…

A: The first matrix is R matrix which shows three possible outcomes across two wagers. The second…

Q: Suppose your scholarship was increased by 5% and inflation this year is 7.5%, what is the interest…

A: We know: Real Interest rate = Nominal Interest Rate - Inflation Here the nominal interest rate is 5%…

Q: Suppose the market demand and supply equations for Face masks are given by: Market Demand: P = 400 –…

A: Given: P=400-4Q P=4Q Note: Due to multiple subparts being posted, the first three subparts have been…

Q: egal scrimination is illegal and, therefore, impossible. scrimination is legal, but few if any…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: Is the collection of emissions fees economically efficient in terms of cost effectiveness? How do…

A: Emissions Fee is defined as the fee which is charged on air pollution that is caused by the…

Q: In general, for a profit maximizing monopolist, price... O equals marginal revenue O is less than…

A: In the mentioned question we have been asked about the profit-maximizing situation of the…

Q: In the conventional (non-Monetarist) approach to monetary stimulus, the Federal Reserve attempts to…

A: Gross domestic product refers to the market value of final goods and services that are produced…

Q: 1. Identify 4 major causes of channel of distribution conflicts. Give an example of each. 2. What is…

A: Channel conflict occurs when manufacturers (brands) dis intermediate their channel partners, such as…

Q: Given a saving rate of 5%, a depreciation rate of 1%, and a production function in which y = k0.5…

A: Formula which shows the steady state equilibrium for capital per worker: sf(k*) - δk* = 0 where,…

Q: How would the introduction of legal or technical barrier to entry affect the long-run equilibrium in…

A: *Answer:

Q: One year ago, a machine was purchased at a cost of $2,000, to be used for 6 years. However, the…

A: * SOLUTION :-  (2) Given that ,  Old mechine:-  Cost =  2000 Life =6 annual cost = 500   New mechine…

Q: The Rocky Mountain Spring Water Company experiences a surge in orders, because the water of one of…

A: The marginal product of labor (or MPL) refers to the increase in total production when one more unit…

Q: Sanchez Trucking has been experiencing delays at its warehouse operations. Management hired a…

A: * SOLUTION :-  (7) Given that ,

Q: Who benefits from FDI?

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: For a small open economy with production and investment, what are the immediate effects on output…

A: A small open economy (SOE) is an economy of a country that engages in international trade but is…

Q: An analyst for FoodMax estimates that the demand for its "Brand X" potato chips is given by: InQx =…

A: Answer;

Q: firm is producing and selling some output at an average variable cost of $8 per unit and bringing in…

A:

Q: 12.3. Return to the example used in the text for the Cournot model, where demand was equal to Q =…

A: We know that both firms have the same cost structure because nothing is mentioned. So we will use…

Q: 2) Using the figure below: explain why fishermen will expend more effort fishing if they find a new…

A: The marginal cost of production is the difference between the overall cost of production and the…

Q: Are the Aboriginal people important in China and Australia government operations?

A: The link to family, community, and country is important to Aboriginal culture.The concept of "being…

Q: Question 10 5. A firm has invested $50.000 in equipment with a 5-vear useful life, The machinery…

A: * SOLUTION :-    (5) Given that ,  Invested ammount = $50000            Life time= 5years Salvage…

Q: If the government cut expenditures during an expansion O A. it would have to raise the tax rate B.…

A: Expansion is the situation in which the government is trying to stimulate the market by increasing…

Q: Suppose that a new entry has decreased your demand elasticity from –2 to –3 (made demand more…

A: A good's price elasticity of denand is a proportion of how delicate the amount requested is to its…

Q: What is the Definition of Local and Global communication in multicultural settings and their…

A: The term "multicultural" refers to anything that integrates ideas, beliefs, or individuals from a…

Q: Suppose there are no external costs or benefits from producing tires. If the government imposes a…

A: Effect of imposition of sales tax on demand and supply:- Imposition of sales tax will shift the…

Q: A university student recieved $1,000 upon graduation at age 20 years. This person was hired by one…

A: The average propensity to consume (APC) refers to a metric that evaluates how much of one's income…

Q: what is profit margin?

A: Profit margin is a measure of profitability. Profit margin is the diffrrence between the cost of…

Q: Iag ngest and likely most troublesome Effectiveness Lag Implementation Lag Legislative Lag

A: A policy lag is the slack between the time a financial issue emerges, like recession or inflation,…

Q: 10) If an economy's MPC is 0.8 and the MPM is 0.05, then an increase in government spending of…

A: MPC=0.8 MPM=0.05 Change in G=$2000   We will use the following multiplier formula: Expenditure…

Q: Assuming an economy is at steady state, with the use of an appropriate diagram with descriptions…

A: A steady-state economy is one that is designed to strike a balance between economic development and…

Q: Suppose that the demand for broccoli is given by Demand: Q = 1,000 – 5P where Q is quantity per year…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Compare and contrast the strengths and weaknesses of fiscal policy and monetary policy.

A: Fiscal policy is also known as the budgetory policy of the government. Monetary and Fiscal policy…

Q: Use the Interest Parity Condition and the Law of one price to answer questions 1 to 4. What wo happe…

A: In the international market, the interest rate parity condition will be true if the market is in…

Q: 2. A businessman is considering building a 25-unit apartment in a place near a progressive…

A: Land Investment 5000000 Building Investment 7000000 Study Period 20 Cost of land after…

Q: Explain the historical connection between evolutionary biology and long-run competitive markets.

A: A perfectly competitive market refers to the market in which there is a large number of sellers and…

Q: Xon, a small oil company, purchased a new petroleum drilling rig for $2,000,000. Xon will depreciate…

A: Answer; Working