The change in total cost of production as the output or total product of the business is expaded is: (a) The marginal cost (b) The total varriable cost (c) Average varriable cost (d) Average fixedcost

Q: from the image, can you help answer whether the trade action for  Felicidad: jeans is import 18 or e...

A: Having comparative advantage means being able to produce a good at a lower opportunity cost compared...

Q: An engineering firm recently conducted a study to determine its benefit and cost structure. Theresul...

A: Y = 15 Maximum level of net benefit = 2,250

Q: Which of the following would increase in response to a decrease in the price of ironing boards? ...

A: It is stated by the law of demand that there is an opposite relationship between price and demand fo...

Q: True or False. Give reasons also. 1) The meaning assigned to activities may be shared but may also b...

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

Q: If labor produces value, why labor continue to live in poverty and misery? If financiers did not cre...

A:   Meaning of Poverty: The term poverty or scarcity refers to the situation under which the economic ...

Q: Assume that the nominal exchange rate between U.S. and Mexico is: e = 10 pesos per $. The price of T...

A:   The real exchange rate (R) evaluates the purchasing power of two countries.  For example, when R i...

Q: You have just woken up and are trying to decide whether to attend an upcoming lecture. The following...

A: Opportunity cost is the benefit obtained from another option that is not chosen by an individual.

Q: Which of the following statements is INCORRECT? (a) M1 consists of coins, notes and demand deposits ...

A: M1, M2, M3 and M4 are the different ways to measure money. M1 and M2 are narrow definitions of money...

Q: Q1. A sole producer has a marginal revenue function given by: dTR = 100 – 3Q² %3D OP Is demand elast...

A: We are going to use the relationship between Marginal revenue and elasticity to solve a question num...

Q: The following table shows the total benefits and total costs of hiring security guards at a large de...

A: Given: Number of total guards (n) Total Benefits (TB) Total Cost (TC) 1 $5,000 $3,000 2 $8,50...

Q: Monetary policy in a liquidity trap. Suppose the money demand is M = $Y (0.25 – i) given by: as long...

A: The money demand refers to the total amount of all the money demanded in the economy. The money dema...

Q: Find that how much must be invested at the end of every year at 11% so that $15,000 will be accumula...

A: Given: Future Value (F.V.) = $15,000 Annual interest rate (r) = 11% = 0.11% Time in years = 5 years ...

Q: Consider a competitive market in which the market demand for the product is expressed as P = 75 ‑ 1....

A: Perfect competition is one of the types of market structure where there are many sellers and many bu...

Q: Mr. Burns buys only lobster and chicken. Lobsteris a normal good, while chicken is an inferior good....

A: Demand is the willingness of the consumers for consuming goods and services at different price level...

Q: Question Given the following cost function: TC = 1500 + 15Q – 6Q 2 + Q3 (a) Determine the total fixe...

A: Total cost is computed as the sum of total fixed costs and total variable costs incurred by the firm...

Q: The data below refers to the output produced and sold in Sustainaland; a hypothetical 2-good nation ...

A: Real GDP is the value of the nominal GDP which is adjusted for inflation or rise in prices. Nominal ...

Q: 1.2) You are given the following different technologies for producing 100 metres of cloth. (SEE ATT...

A: Technology is defined as the application of scientific knowledge to produce more amount of output.  ...

Q: Why is the cost of serving a long-standing customer far less than the cost of acquiring a new custom...

A: Customer retention signifies the process by which business firms are able to retain its clients for ...

Q: “According to the expectations theory of the term structure, it is better to invest in one-year bond...

A: Term structure: Term structure of financing costs is the connection between loan fees or security yi...

Q: Answer the attach file

A: Total product/Total physical product is the total output produced when a change in one variable inpu...

Q: Perfectly competitive firm Doggies Paradise Inc. sells winter coats for dogs. Dog coats sell for $72...

A: Price of dog coats = P = $72 Fixed cost = TFC = $100 Total revenue = TR = P*Q Total cost = TC = TVC ...

Q: The forward exchange rate: Answer a. Is the same as the spot rate b. Is a synonymous term for the no...

A: The forward exchange rate is when the financial institutions or the banks tend to agree to exchange ...

Q: Using the language of and components of the circular flow diagram, Answer the following questions: 1...

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

Q: You have just woken up and are deciding whether to sleep for one more hour or not. If you don't go b...

A: Opportunity cost refers to the value of next best alternative use of given resources.    

Q: The Hamilton Company is a member of a perfectly competitive industry. Like all members of the indust...

A: Perfect competition: It refers to the market in which the producers provide with the market's homoge...

Q: Cathy sells hand sanitizers in a small town. Daily sanitizer demand equal Q(P)=300-25P Where Q is th...

A: The only producer of the good in the market is known as the monopoly firm and a monopoly firm acts a...

Q: If incomes rise by 12 per cent and demand rises by 20 per cent, what is income elasticity of demand?...

A: Income elasticity of demand= percentage change in quantity demanded / percentage change in income.  

Q: Consumer has the following utility function U (x, y) =x^1/2 × y^1/2, where the price of good x is 1T...

A: A buyer maximizes the utility from consumption by choosing the levels of x and y where the value of ...

Q: Please tell me which of the multiple choice awnsers are correct for following questions.Please tell ...

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

Q: Name some factors that can cause a shift in the supply curve in markets for goods and services.

A: Supply is the amount of output that producers or sellers are willing to sell in the market at given ...