Help me please 2. The province wishes to upgrade the technology used by universities and will subsidizeyour university $2 for every $1 they spend on technology up to a maximum of $16800.The university's budget is $12000. The price of technology (X) is $120 and the price onnon-technology (Y) is $40. Carefully draw all the budget lines labelling all points ofinterest. Show work.Y 300non-technology 280120260240220200180160140100120100808060402020406080100120140160180200220240260280300 Xtechnology a) At what point is the grant exhausted (where the university obtains the maximumgrant)?5b) What is the amount of the conditional grant?c) With an unconditional grant of the same dollar amount, how much better off wouldyou be compared to the conditional grant?

Given, The government wants to modernise university technology, therefore it will give your…

2. The province wishes to upgrade the technology used by universities and will subsidize your university $2 for every $1 they spend on technology up to a maximum of $16800. The university's budget is $12000. The price of technology (X) is $120 and the price on non-technology (Y) is $40. Carefully draw all the budget lines labelling all points of interest. Show work. Y 300 on- blogy 280 260 240 220 200 180 120

2. The province wishes to upgrade the technology used by universities and will subsidize your university $2 for every $1 they spend on technology up to a maximum of $16800. The university's budget is $12000. The price of technology (X) is $120 and the price on non-technology (Y) is $40. Carefully draw all the budget lines labelling all points of interest. Show work. Y 300 on- blogy 280 260 240 220 200 180 120

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 8PA

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The DoorCo Corporation is a leading manufacturer of garage doors. All doors are manufactured in their plant in Carmel, Indiana, and shipped to distribution centers or major customers. DoorCo recently acquired another manufacturer of garage doors, Wisconsin Door, and is considering moving its wood door operations to the Wisconsin plant. Key considerations in this decision are the transportation, labor, and production costs at the two plants. Complicating matters is the fact that marketing is predicting a decline in the demand for wood doors. The company developed three scenarios and determined the total costs under each decision and scenario, which are given in the accompanying tables. Complete parts a through c. Click here to view the scenarios. Click here to view the total costs. a. What decision should DoorCo make using the aggressive strategy? Select the correct choice below and fill in the answer box to complete your choice. O A. DoorCo should move to Wisconsin because it has the…
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3. The relationship between marginal and average costs The following scenario examines the relationship between marginal and average values. Suppose Nalah is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Nalah’s foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 1 8/10 8/10 80 80 2 4/10 12/20 3 2/8 14/28 4 2/4 16/32 5 6/8 22/40 On the following graph, use the orange points (square symbol) to plot Nalah’s foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Nalah’s overall average foul-shooting percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.…
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