When J employs D to sew 100 pieces of barong, what contract is created? A. Agency to sell B. Contract for a piece of work C. Barter D. Donation
Q: Assume costs of production fell, resulting in an extra 20,000 units supplied at each of the above…
A: Price Demand Old Supply New Supply 20 40 5 25 22.5 30 10 30 25 20 20 40 27.5 10 30 50 30 5…
Q: Given the example of Toyota as a car manufacturer, explain to the management team how the company…
A: Economics is concerned with the well-being of everyone, including those with and without jobs, as…
Q: Explanation it correctly
A: The Federal Reserve is the central bank of the country. It is the bank that owns the control of the…
Q: Consider the market for ice cream cones. Suppose that supply in this market is given by PS = QS and…
A: The price elasticity of supply is a measurement of how sensitive the amount provided is to price…
Q: Rosario has to finish her dissertation within 100 days, that is, at time t = 1, t = 2, t sertation,…
A: A dissertation or thesis refers to a long piece of academic writing that is submitted as part of a…
Q: Assume that a country is considering whether it wishes to invest in a new opportunity. While the…
A: The present value is the current value of the future output.
Q: ost push inflation
A: answer is given below
Q: What if there is a situation with two goods and an income of b>0. How does the lump sum ta T which…
A: The lump sum tax is tax which is imposed on consumer's income irrespective of market and consumer's…
Q: A market structure with only one seller called Monopoly A market structure with few sellers called…
A: Thank You for the question. In the case of multiple sub-questions, we are required to answer only…
Q: Let the demand and supply functions for a given commodity be Q = a - ßp Q=-y+ p where (a, B, 8, y>…
A: Here the supply curve is the curve depicting how much production of manufacturing goods is being…
Q: Carl and Simon are two pumpkin growers who are the only sellers of pumpkins at the market. The…
A: Given:- Q=8400-800P MC=0.50 Here; Q=quantity of pumpkin P=Price of pumpkin Please find the image…
Q: According to the Resource-Based View, which of the following is most likely to result in sustainable…
A: The answer is - Access to tangible resources that are currently producing significant value.
Q: 3. Analytic Question on Durable Consumption It is known that durable consumption is more sensitive…
A: Intertemporal Utility function : U(c1 ,c2 ) = 0.5 (c1 + x0)0.5 + 0.5B (c2)0.5 Period 1 budget…
Q: Carl and Simon are two pumpkin growers who are the only sellers of pumpkins at the market. The…
A: Given, Demand curve, Q = 16,400 - 400P The inverse demand function, P = 41 - 0.0025Q Here, Q=QC+QS…
Q: Diminishing a. Average Productivity b. Consumption C. Marginal Productivity d. Revenue 12. The…
A: the peak of the average product curve is also called as point of diminishing marginal productivity.…
Q: National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and quarrying 1500…
A: GDP measures the final value of goods and services that are produced in a country during a…
Q: Economics Using the possibiliting Frontier ExpRain the concept Of Opportunity coşt moving FromD.tA…
A: Concept: Opportunity cost refers to the second-best alternative that has been forgone. This implies…
Q: Identify the effect of tax incentives for saving on aggregate supply using the model of the…
A: Answer to the question is as follows:
Q: Economics Using the poosibiliting Frontier ExpRain the concept of opportunity ost moving From D.tNA…
A: Here, the given production possibility curve shows the trade-off between quantity of butter and…
Q: The following equations describe a certain economy C = 400 + 0 . 75 Y d → consumption function I =…
A: GDP is known as the gross domestic product of any economy. GDP is the value of all final goods and…
Q: Amy has $12 to spend on coffee and soda. The price of coffee is $2 a cup, and soda is $1 a can.…
A: A) According to the question, "income of Amy is $12 to spend on coffee and soda, price of coffee is…
Q: Using the possibiliting Frontier ExpRain the concept of Opportunity cost moving From D.toA and B to…
A: Answer - Opportunity cost :- It is the cost that an individual need to pay to choose one option…
Q: BNP Paribas has 800 depositors. Each depositor deposits $1,000 ino the berk ENP Parbas offers s…
A: An interest rate refers to the amount charged by a lender to a borrower for any form of debt. It is…
Q: Elasticity Analysis: Answer the questions and show your solutions by illustrating a graph supporting…
A:
Q: There are two firms, A and B emitting sulfur dioxide. In total, they emit 100 tons of sulfur…
A: In total, Firm A and Firm B emit 100 tons of sulfur dioxide. The EPA wants to reduce the level of…
Q: Arona would like to receive $15,820 each year for the next 5 years, starting today. Then she hopes…
A: Because payment is due today or at the starting of the year, this is annuity due problem. For PW =…
Q: Suppose that at a wage rate of $10, a firm which is using its resources efficiently has a marginal…
A:
Q: According to the Taylor Principle, The Fed should increase interest rates by 1.5 times the…
A: Taylor rule: R = r* + π + 0.5(π - π*) + 0.5(Output gap) where, R = nominal federal funds rate r* =…
Q: company is considering constructing a plant to manufacture a proposed new product. The land costs…
A: Given that Land cost=P300000 Building Cost =P600000 Equipment Cost= P250,000 Additional…
Q: Suppose the price of a share of Max, Inc. stock closes higher after the company announces a…
A: Given, Assume that the stock price of Max, Inc. rises after the company reports a quarterly loss of…
Q: 3. Consider the following degenerate game. Please find all the pure and mixed strategy Nash…
A:
Q: A negative marginal utility implies that the consumer has reached a point of satiation.
A: Total utility, in economics, is defined as the total amount of satisfaction which a consumer…
Q: (3) Suppose we invested $20,000 at an annual rate of 5% where interest is compounded continuously.…
A: Initial value problem or IVP is referred to as the ordinary differential equation along with the…
Q: All of the following are forms of business associations, EXCEPT: A: Joint venture B: General…
A: Business associations are non-profit groups that bring together local business owners. Small…
Q: In order to shift the vertical aggregate supply curve to the left, which of the following would have…
A: The long-run aggregate supply (LRAS) curve depicts the real output level (or the potential level of…
Q: onsider the following table that presents the labour requirements for production in the East and…
A: Since you have asked multiple subparts, we would be answering the first 3 subparts for you. To get…
Q: On a clearly labeled graph, show what happens to wages paid and employment if the government imposes…
A:
Q: Economics Supposes Monopharm wants to maximize profit, what quantity does it sell, what price does…
A:
Q: In your own words, explain the horizontal and vertical interpretation of the demand curve. 2.…
A: Demand - it refers to the quantity of a good that a consumer is able and willing to purchase during…
Q: a) Explain the lender of last resort (LOLR) function of central banks. Provide some examples of the…
A: One of the most significant and essential functions of a central bank is to manage the country or…
Q: Diminishing total product, marginal product and average product characterize Stage 1. O True O False
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 22.) Consider a market subject to a negative externality cause by pollution. Suppose that,…
A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…
Q: Calculate M1, M2 and M3 using the following information: Items Billion $ Negotiable certificates 304…
A: The total inventory of money circulating in an financial system is the money supply. This entails…
Q: Suppose the demand for oil is P=122Q-0.20. There are two oil producers who do not cooperate.…
A: Given: P=122Q-0.20MC=$13Now,TR=P×QTR=122-0.2QQTR=122Q-0.Q2From this,We can…
Q: Your current task assumes that the average handle time (AHT) for call center employees affects how…
A: The answer is - b. HR logic
Q: Assume an open economy with government (with no transfers). Using the information below, calculate…
A: Net export = Net capital outflow = - Net capital inflow. NX = NCO = -NCI…
Q: A decrease in the price level causes money demand to increase. Thereby shifting the money-demand…
A: The leftward shift in the demand curve shows the decrease in money demand and the rightwards shift…
Q: Since the supply curve intersects the horizontal axis, all of the points along the supply curve…
A: The elasticity of supply measures the responsiveness of change in quantity supply to change in…
Q: This worksheet provides information for the MARKET FOR CELL PHONES. For each of these unrelated…
A: 4. The price of call made from landline increases The law of demand is affected when the price of…
When J employs D to sew 100 pieces of barong, what contract is created?
A. Agency to sell B. Contract for a piece of work C. Barter D. Donation
Step by step
Solved in 2 steps
- Week 5 Chapter 5: Production Process and Costs For this week read Chapter 5. Answer the following questions Question ·Bottom of Form XYZ restaurant sells donuts at $2 per unit. It uses capital (which it rents at $5 per hour under a contract for 5 and labor (which is paid a wage of $150 per hour of labor services). Complete the following table and use that information to answer the following questions. K L Q MPL APL VML FC VC TC 5 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500…Week 5 Chapter 5: Production Process and Costs For this week read Chapter 5. Answer the following questions Question ·Bottom of Form XYZ restaurant sells donuts at $2 per unit. It uses capital (which it rents at $5 per hour under a contract for 5 and labor (which is paid a wage of $150 per hour of labor services). Complete the following table and use that information to answer the following questions. K L Q MPL APL VML FC VC TC 5 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500…Week 5 Chapter 5: Production Process and Costs For this week read Chapter 5. Answer the following questions Question ·Bottom of Form XYZ restaurant sells donuts at $2 per unit. It uses capital (which it rents at $5 per hour under a contract for 5 and labor (which is paid a wage of $150 per hour of labor services). Complete the following table and use that information to answer the following questions. K L Q MPL APL VML FC VC TC 5 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500…
- Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs. The rent of the building is $4,000, the cost of the two secretaries is $50,000, and the cost of electricity and gas comes to $5,000. There’s a great demand for his information, and his total revenue amounts to $100,000. By working in the firm, though, Economan forfeits the $55,000 he could earn by working for the Friendly Space Agency and the $4,000 he could have earned as interest had he saved his funds instead of putting them in this business.a. What is his profit or loss by an accountant’s definitions?Instructions: Enter your response rounded to the nearest whole dollar and use a (-) if the number is negative.Accounting profit: $ b. What is his profit or loss by an economist’s definitions?Instructions: Enter your response rounded to the nearest whole dollar and use a (-) if the number is negative.Economic profit: $ rev: 06_20_2019_QC_CS-171313Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs. The rent of the building is $4,000, the cost of the two secretaries is $50,000, and the cost of electricity and gas comes to $5,000. There’s a great demand for his information, and his total revenue amounts to $100,000. By working in the firm, though, Economan forfeits the $55,000 he could earn by working for the Friendly Space Agency and the $4,000 he could have earned as interest had he saved his funds instead of putting them in this business.a. What is his profit or loss by an accountant’s definitions?Instructions: Enter your response rounded to the nearest whole dollar and use a (-) if the number is negative.Accounting profit: $ b. What is his profit or loss by an economist’s definitions?Instructions: Enter your response rounded to the nearest whole dollar and use a (-) if the number is negative.Economic profit: $Plz show work , and provide explanation as well
- Smiling Cow Dairy can sell all the milk it wants for$4 a gallon, and it can rent all the robots it wants tomilk the cows at a capital rental price of $100 a day.It faces the following production schedule:Number of Robots Total Product0 0 gallons1 502 853 1154 1405 1506 155a. In what kind of market structure does the firm sellits output? How can you tell?b. In what kind of market structure does the firmrent robots? How can you tell?c. Calculate the marginal product and the value ofthe marginal product of each additional robot.d. How many robots should the firm rent? Explain.Capital (K) Labor (L) Total Product (TP) total fixed cost (TFC) total variable cost (TVC) total cost (TC) average fixed cost (AFC) average variable cost (AVC) average total cost (ATC) marginal cost (MC) 10 0 0 10 1 5 10 2 15 10 3 30 10 4 50 10 5 75 10 6 85 10 7 90 10 8 92 10 9 92 10 10 90 1.1 From the information in the table, calculate total fixed cost (TFC), total variable cost (TVC), total cost (TC), average fixed cost (AFC), average variable cost (AVC), average total cost (ATC) and marginal cost (MC). 1.2 At what point is average total cost minimized and at what post…Quantity (Units of Output) Firm A Firm B Firm C 1 60 11 21 2 70 24 34 3 80 39 49 4 90 56 66 5 100 75 85 6 110 96 106 7 120 119 129 A.Evaluate the view that the main goal of firms will always be cost minimization .
- 3. Understanding the least-cost rule Alex runs a surfing school on the North Shore of Oahu. He has two inputs: surfboards, which he rents from a local shop for $10 per day, and surfing instructors, whom he hires for $50 per day. Alex has figured out that the marginal physical product (MPP) of the last instructor hired is 15 lessons, and the MPP of the last board used is 2 lessons. Which of the following statements is correct? a. Alex could lower his costs without reducing his output if he employed fewer instructors and used more surfboards. b. Any of these answers may be right, depending on the price of a lesson. c. Alex currently employs a cost-minimizing combination of surfboards and instructors. d. Alex could lower his costs without reducing his output if he employed more instructors and used fewer surfboards.Only typed answer and please don't use chatgpt How does the market for inputs like labor differ from the market for goods and services? (Check all that apply.) Part 2 A. Firms are sellers in the market for goods and services, while individuals are sellers in the market for inputs. B. The demand for inputs is derived from the demand for final goods and services. C. Firms are buyers in the market for inputs, while individuals are buyers in the market for goods and services. D. The market for inputs resolves shortages and surpluses through government-supervised negotiations.I am trying to figure out how to do the marginal cost and how to get the total cost answers w what is provided. Thanks chapter 13 mankiw