Q: 1. Below is the price and quantity information a firm. For example, at a price of $2.80, 60 units…
A: A demand curve refers to a graphical depiction of the connection between the price of a product and…
Q: Total Cost (TC) equals: Average Marginal Cost (AMC) plus Average Fixed Cost (AFC) O Total Marginal…
A: Cost is the value of goods and services in the terms of money.
Q: Problem 2: You were entitled to receive $5,000 at the end of six months for the rest of your life.…
A: Amount received = 5000 r = 10%
Q: 3. Ramoncito deposited P15,000.00 today and he deposited the same equal amount each month for the…
A: a. The value of the 10 equal deposits after 9 months from today is P130,000. b. If Ramoncito failed…
Q: Suppose a farmer is using two inputs, labour (L) and capital (K), to produce the same amount of…
A: Given production function Q=L0.5+K0.33 MPP refers to the change in total production due to change in…
Q: A poverty threshold represents the minimum annual household income for a family not to be considered…
A: Poverty Being unable to engage in leisure activities, send kids on field trips with their…
Q: The owner of a company plans to expand his firm 6 years from now so he plans to make quarterly…
A: Quarterly deposits = 100,000 Number of years deposit is made = 5 Semi - annually compounding rate =…
Q: Consumer Theory Daniel spends all his money on only two goods: chocolates (good 1) and milkshakes…
A: Indifference curve is the locus of different possible combinations of two goods that a person can…
Q: Dana was dating Wade, a wealthy real estate entrepreneur. Wade was much older than Dana and knew he…
A: A contract occurs if a promise was made by a promisor to a promisee and the promisee was adversely…
Q: ENGINEERING ECONOMICS DISCOUNT A hardware store purchased a tool of 20,000 pesos per unit. At what…
A: Here, given information is: Cost of the tool: 20,000 pesos Discount provided on sales price: 15%…
Q: 2.5 The only variable input a janitorial service firm uses to clean offices is workers who are paid…
A: The cost that varies per unit of output is known as a variable cost, as the name suggests. The…
Q: Xinyi has an income of I = 140, and faces prices px = 1 and py = 2. Her utility function is U(x,y) =…
A: Utility function : U(x,y) = xy + x Px = 1 , Py = 2 Budget Constraint : 140 = x + 2y Optimization…
Q: Suppose a monopolist M sells two products, X and Y. • Demand for X is qX = 1000 − pX − 1/2pY •…
A: Information given in question states:- Demand for X is qX = 1000 − pX − 1/2pY Demand for Y is qY =…
Q: 20. Suppose that the price of Good X is $5, the price of Good Y is $10, and that if Mark spends all…
A: Given information: There are two goods, i.e., X and Y Price of good X (Px) = $5 Price of good Y (Py)…
Q: P. Terry's decides to drop the price of their lemonade from $4 to $3. The company sees that sales of…
A: Elasticity of demand measure responsiveness of change in demand in commodity with reference to…
Q: A certain property is being sold and the new owner received two bids. The first bidder offered to…
A: Compound interest:- The interest on loans or deposits that are calculated using both initial…
Q: Use the blue points (circle symbol) to graph the demand for pizzas. Then use the orange points…
A: The equilibrium price between cost and equilibrium amount happens when the supply and demand cross.…
Q: Consider a small open economy country that produces cars. The world price of cars less than the…
A: Tariffs are imposed on the cheaper imports from the rest of world. The tariffs raise the price level…
Q: Consider a perfectly competitive market with 1000 firms. The cost function of each firm is C(q) =…
A: Given Total number of firms = 1000 The cost function of each firm: C(q)=0.025q2+200…
Q: Consider the two-period household-maximization model discussed inclass. The model is modified in…
A: Utility function : log c1 + log c2 Budget Constraint of period 1 : c1 + a1 = y1 - t1 + (1+r)a0…
Q: This year is the base year for computing the nation's price index. The current nominal interest rate…
A: Price index The price index is a normalized average (generally a weighted average) of value…
Q: A building contractor is faced with the problems of possibly paying liquidated damages of P20,000.00…
A: From the given information, assume that: 1/s = work rate of skilled worker 1/u = work rate of…
Q: QUESTION 8 Match the following statements to their correct answers. The output gap is positive The…
A: 8. In an economy, output gap refers to the amount of output that is the difference between the…
Q: 5
A: Market Opportunity A sales-accepted inquiry who has been certified as needing your good or service…
Q: 4. Find the total differential of z = (5x³-12xy-6x5)
A: The total differential of a function with two or more independent variables is equal to the sum of…
Q: An increase in the price of eggs is likely to: A. Shift demand for eggs to the left. B. Shift supply…
A: The demand curve for eggs depicts the quantity of demanded eggs at each price level of eggs, keeping…
Q: Which broader measure of underemployed labor is largest? A. discouraged workers. B. people…
A: Unemployed are those people who falls in the working age bracket, are abled and willing to work,…
Q: Which of the following is the proper formula for GDP once you adjust it so it explicitly shows the…
A: GDP The market value of all financial goods and services produced in a domestic territory over a…
Q: A student has money given by his grandfather in the amount of P67,000. How much money in the form of…
A: The formula to calculate the amount if the principal is deposited for n years at r% compounded…
Q: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10…
A: In economics, opportunity cost is the cost of something that an individual rejects or forgive to…
Q: Why aren't greater resources given to prudential regulation of the financial sector because it is…
A: It is difficult for regulators to effectively coordinate and collaborate with the financial…
Q: Consider a small open economy country that produces cars. The world price of cars is less than the…
A: In an economy, if the world price is less than the autarky price, consumers have an incentive to…
Q: Consider the “production” of food, which uses various types of inputs: “labor” (e.g., cooks);…
A:
Q: A consumer of two goods has indirect utility v(p, w) = -1/2 P₁ + P₂ (a) Find the indirect…
A: Indirect utility actually shows the combination between price of a good and income of a consumer…
Q: The city's Public Works Department must decide between two water purification systems. The cost of…
A: System 1 Initial Cost = 322,000 Annual chemical Cost = 45,000 n = 20 System 1 Initial Cost =…
Q: Barriers to entry exist for perfectly competitive firms. restrict the entry of new firms into the…
A:
Q: Explain why the short-run marginal cost curve must intersect the average variable cost curve at the…
A: Marginal cost is the additional cost bear by the producer for the production of an additional unit.…
Q: An electromechanical machine manufacturer has a demand function for his machines: P(q) = 5,500 -…
A: Profit depends on the equation profit = Total revenue - Total cost. As a result, a company optimizes…
Q: What is your personal stand regarding the approval of the "Rizal law" What is the relevance of this…
A: The study of Rizal's works and life is needed under the Rizal Law, commonly known as RA 1425, as…
Q: 2) Given the following supply and demand functions: Supply : Q = 15.90 + 0.72 P G + 0.05 Po Demand :…
A: The equilibrium occurs where the demand and supply are equal. The shortage will occur if supply…
Q: Learnin The majority of fresh fruit consumed in the United States is now imported, much of it coming…
A: Given the world price line is at P=$4 The US imports fruits from Mexico, Chile, Guatemala, and…
Q: Teascent is selling candles in Pleasantville. The incremental costs of wax, wick, and other…
A: Price Response function / Demand function : d(p) = 11000 - 980p Two prices at which Teascent sells…
Q: The price of peanut butter, a complement to jelly, decreases. How will this affect the equilibrium…
A: The demand and supply of any commodity is not onlu affected by its won price but also due to other…
Q: Constant returns to scale (CRS) implies variable total factor productivity constant returns to…
A: At the marketplace, the term return to scale is used to make economic analysis of the production…
Q: You borrowed ₱85,000 from your friend that you will pay back in 4 years and 4 months. Interest is…
A: Given: Amount borrowed = P85000 Interest rate = 10% compounded quarterly.
Q: Suppose in 2019, the cost of a market basket of goods was $1,995. In 2021, the cost of the same…
A: In 2019 Cost of a market basket of goods = 1995 In 2021 Cost of a market basket of goods = 2119
Q: What are the main reasons/statistics that have encouraged the government to look at student debt…
A: The default rate is rising, and many graduates are struggling to repay their loans. Graduate…
Q: A firm borrows $2000 for 6 yr at 8%, to be repaid in a lump sum at the end of 6 yr. At the end of 6…
A: Unlike a payment that is divided up and made in installments, a lump sum payment is made all at…
Q: The price of U.S.-produced long grain rice fell by 40 percent from January 1999 to January 2000. In…
A: The elasticity of supply measures the degree of responsiveness of supply to change in the price…
Q: Having an outdoor arena that will host country music concerts a half-mile from your neighborhood…
A: The benefit or cost that is imposed on a third party is not incorporated into the final cost is…
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