Which software should you purchase in order to save money in the long run, X or M? Not Satisfied $6,000 Software X 45% • $18,000 Software M $12,000 Satisfaction Not Satisfied 95% • $0 5% • $2,000
Q: III 123 Verdana 12 A A- Aa BIU abe X, x2 Styles 3. Complete the following table: See module 3 notes,...
A: Fixed cost is the cost that remains same at all levels of output while variable cost is the cost tha...
Q: There are several market structures within an economy that affect the decisions of individuals and f...
A: The market is a location where the transaction of services and commodities takes place. It is import...
Q: If a company's annual discount rate is 10% how much money would you need in 4 years to be equivalent...
A: Present Value=FV(1+r)N where, Present Value = $1000 r = discount rate = 10% = 0.10 FV = Future Va...
Q: Describe the modern capitalist system.
A: Modern Capitalist System focuses on the security from government, it includes both the new and old e...
Q: Job search O 1) is one reason economies always experience some unemployment. 2) is the process of ma...
A: The economy always experiences some unemployment even when it is producing at full employment.
Q: Which of the following is not correct? O 1) Frictional unemployment results from the process of matc...
A: We will answer the first question since the exact one was not specified. Please submit a new questio...
Q: Financial institutions such as banks pays lower interest rates to depositors and charge higher inter...
A: Democratic government is a type of government in which there is both public and private sector invol...
Q: Sam is considering investing in a bond with a face value of $20,000. The bond pays an interest of 4%...
A: Answer:- (B) $15,355.40
Q: Explain the two sources for potential GDP growth words and diagrams
A: GDP is a proportion of the worth of the merchandise in goods and administrations created in the econ...
Q: 2. Which of following statement is NOT correct about standard error? a. the square root of the estim...
A: a. The square root of the estimated variance of cofficient is called standard error. This statement ...
Q: The health care industry encompasses the following sectors, except: A. Dental care B. Health clubs ...
A: Answer:- (B) health clubs
Q: (Wall Street Journal) “Washington Wire” is a column that appears on the front page of th...
A: A price-quantity pair in which the quantity asked equals the quantity delivered is called equilibriu...
Q: If, in a monopoly market, the demand function for a product is p = 195 − 0.80x and the revenue funct...
A: Given: p = 195 − 0.80x R=px
Q: Complete the following table, which shows the combined benefits of Sean and Bob as previously descri...
A: If consumption of a commodity by one individual does not reduce the amount available for other, then...
Q: Big Sky Mining Company must install $1.5 million of new machinery in its Nevada mine. It can obtain ...
A: 1. Total cost of owning an asset is the actual cost of purchasing any asset. And this is inclusive o...
Q: Describe why competitive market can be failed due to the presence of the public goods.
A: In a market, public good refers to the goods that are generally offered by the government as these g...
Q: The gravity model implies that lower distance between two countries is associated to more...
A: More trade between and higher welfare in both countries Option "c" is correct. Isaac Newton's law of...
Q: The opportunity cost of a decision is the sum of all the foregone benefits that you'd receive from a...
A: Every choice needs a trade-off because resources are limited. Opportunity cost arises when there is ...
Q: d. double declining balance method depreciation charge: Php book value: Php e. sum of the year's dig...
A: Solution:- a.Straight line method Depreciation charge : Php 6650 Book Value: Php 3350 b.Sinking f...
Q: n is an employer forced to keep the labor cost low? A. When the product demand is inelastic. ...
A: The wage rate will be competitive in the market structure where competition is high. When demand f...
Q: Find the value of Y. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $1,000| $1,000 $5,00...
A: Fixed cost (FC): - it is the cost incurred on the fixed capital assets like land, building, machiner...
Q: Workers Total Product Total Cost (per day) (units per day) ($) 100 1 10 120 2 18 140 3 24 160 4 29 1...
A: Fixed costs are costs that do not change when sales or production volumes increase or decrease. This...
Q: What can the government do to solve the problem of inadequate levels of public goods? Explain how th...
A: inadequate levels of public goods refers to the market failure and in economics, market failure is a...
Q: The following are the advantages of financial intermediaries, except: A. Provide guaranteed returns...
A: Financial Intermediaries:- Financial intermediaries function as go-betweens for financial transactio...
Q: 4. NSW government provides 200$ of active kids vouchers to an average family in NSW. 50% of such vo...
A: Income Elasticity refers to the percentage change in quantity demanded with the percentage change in...
Q: Thank you !!!!!! Sherry expects to deposit $2000 now, $1000 4 years from now, and $2500 7 years fro...
A: *Answer:
Q: Give takeaways on the following topics:
A: The area of the sale, consumption, production, and distribution of goods and services by the differe...
Q: Is the following statement true, false, or uncertain? According to the Solow growth model, an increa...
A: The savings rate is a percentage or ratio that measures how much money a person deducts from their d...
Q: Look at the chart for problem #2 based on perfect competition. The profit that this firm earns when ...
A: Below is the given information: TR = P × QMR = TRn-TRn-1∆QATC = TCQMC = TCn-TCn-1∆Q
Q: Pizzas are produced using capital as a specific factor and labor as a mobile factor. The graph below...
A: Pizza are produced using capital as a specific factor and labor as mobile factor. Capital owner's ...
Q: The following table shows the total revenue and total cost of a firm at the various quantities of ou...
A: Total cost is the sum of all the costs that a firm incurs for the production of a good. The total re...
Q: Japan Indonesia Capital 10 machines 30 machines Labor 20 workers 50 workers Suppose that Japan and I...
A: Ans a- The good which is relatively capital-intensive is a computer because for the production of la...
Q: Thomas has the following utility function over milkshakes (m) and smoothies (S): U (m, s) =m+3s Toda...
A: Two goods Perfect substitutes when only one of them is consumed depending on price ratio and margina...
Q: 24. Competition à la Cournot with homogenous goods and symmetric convex cost functions. Consider an ...
A: Given information Cournot model with 2 firms Inverse demand function P=a-bQ Q=q1+q2 identical cost f...
Q: Consider the production function Y = (AK" L). Suppose both saving rate (s) and the depreciation rate...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: bove, explain why the curve between A and B looks different than the curve from A to C. Provide an e...
A: The LRATC curve is flatter than the SRATC curve because firms are more flexible in the long run and ...
Q: (e) A worker who quits his job because he thinks the pay is insufficient. (f) A teenager who gets di...
A: People who are employed and unemployed are part of the labor force. Only the people under the age of...
Q: Marilyn opens an insurance brokerage. Which of the following is an example of her implicit cost? Ren...
A: Opportunity cost: - opportunity cost is a forgone benefit that we could have earned by applying all ...
Q: What are some of the economic reasons causing nations to support their international carriers
A: Economic integration is a treaty between countries that usually involves the elimination or reductio...
Q: Based on the best available econometric estimates, the market elasticity of demand for your firm's p...
A:
Q: ) National Income b) Net investment c) Personal Income
A:
Q: How did the European Monetary System differ from the Bretton Woods system? (explain in 10-12 sentenc...
A: The correct answer is given in the second step.
Q: 5. Refer to the scenario above. A basket of goods worth $3 in the U.S. has a price of in Country 2. ...
A: $2=15 ritz Hence, $2* 1.5= 15 * 1.5 $3= 22.5 ritz
Q: A central assumption of the Neoclassical growth model is that O A. there are increasing returns to s...
A: When talking about the neoclassical growth model, it is an economic interpretation of short-run mark...
Q: 17. When a market is in equilibrium A. O No shortage exists B. O Quantity demanded equals quantity s...
A: Correct option is D.
Q: The four statements below describe different characteristics of a monopolist, but one statement is f...
A: In a monopoly, there is a single seller and the god produced is unique so the firm has full control ...
Q: The insurance case for family formation refers to OA) life insurance that a spouse might buy so that...
A: Life insurance is a contract between the insurer and the policyholder. Life insurànce ensures that t...
Q: 0.997738 Coefficient Intercept Interest Rate -1.61538 14.88462 1. Are there factors other than inter...
A: Regression analysis is a powerful statistical method that allows you to examine the relationship bet...
Q: The market demand gor wheat is Q = 100 - 2p + 1pb. Where pb is the price of barley. if the proce of ...
A: Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Q: Which of the following people would be unemployed (or belonging to any labor market group) according...
A: Government has tax revenue which are paid by people and through which they have to carry expenditure...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- ECONOMICS UPVOTE WILL BE GIVEN. PLEASE CHOOSE THE CORRECT ANSWER. NO LONG EXPLANATION NEEDED. A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Php 160 million and its variable costs were Php 800 per unit. What was the company's average cost per unit produced? A. Php 1,005.00 B. Php 205.00 C. Php 800.00 D. Php 1805.00ECONOMICS UPVOTE WILL BE GIVEN. PLEASE CHOOSE THE CORRECT ANSWER. NO LONG EXPLANATION NEEDED. A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Php 160 million and its variable costs were Php 800 per unit. What was the company's total cost for the year? A. Php 160,000,000 B. Php 160,000,800 C. Php 624,000,000 D. Php 784,000,000No. of workers Output Fixed cost Variable cost = 30 x workers TC =FC +VC 0 0 30 0 30 1 50 30 30 60 2 90 30 60 90 3 120 30 90 120 4 140 30 120 150 5 150 30 150 180 true or false Grade It Now Save & Continue Continue without saving
- I believe this is in correct or im missing a step solving this problemIn the short term, the company produces 800 units of production. The average variable costs (AVC) 93 rubles, the average fixed costs (AFC) 3 rubles. Determine the total costs (TC) of the firm?Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0 90 0 0 0 0 3 1 4 90 20 110 22.5 5 27.5 5 3 2 90 90 40 130 1 0.444 1.444 0.233 3 3 160 90 60 150 0.563 0.375 0.938 0.286 3 4 200 90 80 170 0.45 0.400 0.85 0.5 3 5 230 90 100 190 0.391 0.435 0.826 0.667 3 6 250 90 120 210 0.36 0.480 0.84 1 3 7 260 90 140 230 0.346 0.538 0.885 2 3 8 265 90 160 250 0.340 0.604 0.943 4 If the price of the output is $1, how many units of output should the firm produce to maximize profit? What is the firm’s profit level?
- Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0 90 0 0 0 0 3 1 4 90 20 110 22.5 5 27.5 5 3 2 90 90 40 130 1 0.444 1.444 0.233 3 3 160 90 60 150 0.563 0.375 0.938 0.286 3 4 200 90 80 170 0.45 0.400 0.85 0.5 3 5 230 90 100 190 0.391 0.435 0.826 0.667 3 6 250 90 120 210 0.36 0.480 0.84 1 3 7 260 90 140 230 0.346 0.538 0.885 2 3 8 265 90 160 250 0.340 0.604 0.943 4 If the firm produces 265 units of output and sells it at $1 per unit, is it making profits or losses? How much are they making?A firm in a purely competitve industry has a typical cost structure. The normal rate of profit in the economy is 7 percent . This firm is earning $15 on every $150 investe by its founders. a. What is its percentage rate of return? b. is the firm earning an economic profit? If so, how large?EXAMPLE 1.2 Consider the following data of a company for the year 1997:Sales = $ 1,20,000Fixed cost = $ 25,000Variable cost = $ 45,000Find the following:(a) Contribution
- Graph the ATC and MC below and explain output ATC MC 0 - 10 10 18 2 20 10 1 30 7 0.5 40 5.375 1.5 50 4.6 2 60 4.166667 2.5 70 3.928571 3.3 80 3.85 3.2 90 3.777778 5 100 3.9 9 110 4.363636 10 120 4.833333EXAMPLE 1.2 Consider the following data of a company for the year 1997:Sales = $ 1,20,000Fixed cost = $ 25,000Variable cost = $ 45,000Find the following:(a) Contribution(b) ProfitExplain well. Step by step.asap
