43. Refer to the table. reto Joubng Total Product Total Fixed Cost Total Variable Cost $150 $0 150 50 150 75 150 to ainu 4 105 150 145 150 200 150 7 270 150 8. 360 150 475 9. 150 620 10 150 800 Which of the following correctly represents the firm's short-run supply schedule? (a) (b) (c) (d) Price QS Price QS Price QS Price QS $20 1 $20 $20 $20 3 30 30 30 30 4 45 45 4 45 45 60 60 60 60 6. 75 75 6. 75 75 7 95 7 95 95 8 95 8 120 7 120 9. 120 120 8. 150 10 150 9 150 150 8. red by a. (а) b. (b) C. (c) d. (d) mies ob competitive industry, the e long run 34567

43. Refer to the table. reto Joubng Total Product Total Fixed Cost Total Variable Cost $150 $0 150 50 150 75 150 to ainu 4 105 150 145 150 200 150 7 270 150 8. 360 150 475 9. 150 620 10 150 800 Which of the following correctly represents the firm's short-run supply schedule? (a) (b) (c) (d) Price QS Price QS Price QS Price QS $20 1 $20 $20 $20 3 30 30 30 30 4 45 45 4 45 45 60 60 60 60 6. 75 75 6. 75 75 7 95 7 95 95 8 95 8 120 7 120 9. 120 120 8. 150 10 150 9 150 150 8. red by a. (а) b. (b) C. (c) d. (d) mies ob competitive industry, the e long run 34567

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Cost, revenues (dollars) 4.00 3.50 MC 20 Quantity ATC MR If this firm is currently producing 20 units of output, this firm:
The tapie pelow Cotains pricerdemand and total cOSt data Tor the production of treadmilis, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax + b, where a is rounded to 1 decimal place and 6 is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cx + d, where c is rounded to the nearest integer and d is.rounded to the nearest 10,000. To Do Notifications Dashboard Calendar
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. A major cattle feeding operation has entered into a firm commitment to buy 100,000bushels of corn to be delivered to its feed lot in Kansas. The corn is expected to be delivered in90 days. The company is committed to pay $1.50 per bushel. If corn yields are greater thanexpected, the price of corn could decline and the company would experience higher operatingcosts than necessary as a result of the commitment.In order to protect itself against falling corn prices, the company purchased an option to sellcorn in 90 days at a strike price of $1.51 per bushel delivered to a facility in Nebraska.1. Assume that at the time of acquiring the put option, the price of corn was more than $1.51.Explain why the option had a value of more than zero at inception.2. Assume that one of your colleagues made the following comment: ‘‘An option can neverhave a negative value; therefore, you can never lose money on an option.’’ Discuss whetheror not you agree with your colleague.3. Assuming that only the…
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