Q: The value of Jon’s stock portfolio is given by the function v(t) = 50 + 77t + 3t2, where v is the…
A: The value of Jon’s stock portfolio is given by the function v(t) = 50 + 77t + 3t2,
Q: LAW OF DEMAND I choose Betty crocker Scenario 2: a. If the company decides to earn more profits and…
A: According to the law of demand," Other things being constant, there is an inverse relationship…
Q: B. Determine the inflation rate of Country ABC using its CPI from 2020 and 2021. Price Price 2021…
A:
Q: Suppose that firm uses 3 units of labor (L) with 4 proportion. Which of the following is correct?…
A: Marginal Rate of Technical Substitution:- The MRTS can be explained as the proportion at which one…
Q: 13 For bungee to be a valid proxy for riskaverse, it must be Uncorrelated with the error term…
A: Note: We will answer the first question as the exact one was not specified. Please resubmit the new…
Q: Assume that you want to study the effect of an increase in minimum wages on unemployment rates using…
A: The Linear regression equation depicts the linear relationship between a dependent variable and the…
Q: 24. In Hong Kong. the price elasticity of demand for MTR (Mass Transit Railway) rides is 0.4. When…
A:
Q: In Investment in Human Capital (1962) paper by Gary Becker, what were his key findings and why was…
A: Most people associate capital with a bank account, a hundred shares of IBM stock, assembly lines,…
Q: The price of haircuts increased by 8%, and the quantity demanded for haircuts decreased by 4%. From…
A: Price elasticity of demand measures the responsiveness of change in quantity demand to change in…
Q: 7. Why might a regulator of possibly collusive oligopolists prefer less transparency in how each…
A: Some of the research on the implications of increased market openness on the oligopolistic…
Q: vith proper maintenance. Both floors 1500 per year for cleaning and waxi he interest rate is 4%. The…
A: *Answer:
Q: What are the positive effects of globalization? Identify and critique each clearly.
A: Globalization refers to the process of integration among firms, governments, and people all over the…
Q: After you pay taxes you should keep all your employment tax records O a. for at least four years.…
A: Introduction Its answer will be b) for seven years. After paying taxes, you should keep all your…
Q: Draw the AD/AS graph for the situation being described Explain one monetary policy action to correct…
A: Recession is a period when economy's real GDP is less than full employment.
Q: A firm has two plants that produce identical output. The cost functions are C1=346q−8q2+0.5q3 and…
A: Firm's objective is to maximize the profit or minimise the cost . Here the production Decision is…
Q: You’re working on a team-based homework assignment with a partner, Deidre, that consists of an essay…
A: When you make a decision, the value of the next best thing you give up is called opportunity cost.…
Q: employer sends cach employee a Form W-2 at the end of cach year showing what taxes were withheld.…
A: Taxes are compulsory commitments required on people or partnerships by an administration substance.
Q: Question 7 You are currently at the bundle (x, y) = (4, 2) with a utility function U = ln(x) +…
A: PLEASE FIND THE ANSWER BELOW.
Q: Questión 4 Consider providing electricity to a home which needs 10 kW of power by the two options &…
A: For Annual Cost basis of comparison we derive the annuity of the net cash flow of the costs of two…
Q: The break-even point is the sales level at which total sales equal total costs, resulting in zero…
A: A break-even is the point at which a company has neither a profit nor a loss.
Q: Suppose that the market demand for facial mud packs are given as follows: P = 2,200 – Q. Mud packs…
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…
Q: Determine the inflation rate of Country ABC using its CPI from 2020 and 2021. Price Price Price…
A: Total price of the commodities in 2021 = 105,500 Total price of the commodities in 2020 = 113,500…
Q: Consider the following version or the linear Cournot duopoly model. The market price, P is…
A:
Q: The average propensity to save is 0.39 Calculate saving if income is $650
A: Average propensity to save is the ratio of saving and income level . And we know that income is used…
Q: Consider the aggregate supply-aggregate demand (AD-AS) model that we saw in class. Assume that…
A: Goods market ia in equilibrium when SRAS= AD in short run . But in long run It is where LRAS= AS =…
Q: Required information The Briggs and Stratton Commercial Division designs and manufacturers small…
A: The annual worth is the net of the relative multitude of advantages and costs caused by more than a…
Q: a) define marginal utility. Explain the law of marginal utility with a diagram.
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Question 18 Assume two gas stations, Speedy Gas and Quick Fuel, control the market for gasoline at a…
A: Since you have posted multiple subparts as per the guidelines we can solve only first 3 subparts
Q: The income elasticity of demand for your firm's product is estimated to be 0.75. A recent report in…
A: The sensitivity of the quantity that is desired for a specific product to a change in the actual…
Q: A two-good economy is in a competitive equilibrium. The price of a piece of candy is $2 and the…
A: Competitive market: - it is a market condition where there are many buyers and many sellers in the…
Q: Gender ratios in many Asian countries are skewed towards men, while gender ratios in many…
A: When comparing economies based on their economic and social variables, two companies generally have…
Q: #H
A: Price elasticity of demand measures the responsiveness of change in quantity demand to change in…
Q: Suppose that demand for anchovy pizza is given by PD 50 – QD, and the supply of anchovy pizza is…
A: External cost refers to the spill-over cost of production or consumption of a good on third party…
Q: 6. Which of the following is not correct? * The consumer price index gives economists a way of…
A: here we find the correct option as follow;
Q: In the United States, most hospitals are non-profit, while nearly all pharmaceutical companies are…
A: There are many reasons that most of the hospitals in the United States are non-profit, one reason…
Q: 11.1 Due to the pandemic, the federal government announced many measures to help those negatively…
A: Government undertakes fiscal policy to maintain output and inflation in the economy. It refers to…
Q: 2. Explain economies of scope and provide an example.
A: The firms and businesses tend to operate in the markets with the motive of maximizing the level of…
Q: Prospect Y = ($7, 0.25 ; $17, 0.75) If Will's utility of wealth function is given by u (x) = a0.25,…
A:
Q: 2. Find the Optimal solution using UV/MOID method for the following problem Supply 1 18 14 Demand 8…
A: Introduction Here initial basic feasible solution = multiply the rows and column which have given…
Q: If a neoclassical model shows increasing wages in the economy over the long run, what else will…
A: The neoclassical school of economics states that supply and demand are the driving forces of…
Q: Assignment 5 • Given the Utility Function: • U = u(q1, 42), where u(q1 , 92) = aq a? „Y • (a) Derive…
A: Given u(q1, q2)=aq1ϕq2γ .... (1) Let the price of good 1 is p1 and the price of good 2 is…
Q: Depreciation Indirect taxes Subsidies 380 1700 1600 Calculate: a) GDP at market price b) GDP at…
A: Gross domestic product (GDP) is the standard measure of the value added created through the…
Q: 4. The graph shows Home's Import Demand and Foreign's Export Supply. If a tariff by the Home country…
A:
Q: The production function of a company is q = 2 KO.5 L 0.5. %3D a) Assuming that capital is equal to…
A: Given Production function: q=2K0.5L0.5 .... (1) “Since you have posted a question with…
Q: (c) Long-run average total cost curve is a curve that shows the lowest (Unit) cost at which the firm…
A: When a fixed cost is set to minimize average total cost for each level of production, the long-run…
Q: 2- Consider the following game. Player 2 LR Player 1 U 12, 2 3,9 | D 5, 8 4, 2 (a) Find all the Nash…
A: Nash equilibrium is an idea inside game theory where the ideal result of a game is in the same…
Q: Explain the gains from trade that arise for both buyers and sellers in the following transactions:…
A: Gains from trade basically refers to the net benefits to economic actors as a result of enabling…
Q: pros and cons of shared economy in details
A: A peer-to-peer activity of purchasing, providing, or sharing access to items and services supported…
Q: How does perfect competition lead to allocative and productive efficiency? Perfect competition leads…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: Need asap... please How the COVID-19 pandemic affected the US economy? Give the answer considering…
A: The economic effect of the COVID-19 pandemic in the United States has been broadly problematic,…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Q/ Machine A has a fixed cost of $40000 per year and a variable cost of S60 per unit. Machine B has an unknown fixed cost, but with this process 200 units can be produced each month at a total variable cost of $2000, If the total costs of the two machines break even at a production rate of 2000 units per year, what is the fixed cost of machine B? Let FCB - fixed cost for B. Variable cost for B = 2000/200 = S10/unit Total costs are equal at 2000 units per year. Then, 40,000 + 60(2000 units) = FCB + 10(2000 units) FCB = $140,000 per year2. The total design and construction cost for a digester to handle a flow rate of o.5 million gallons per day (MGD) was $1.7 million in 2o0o. Estimate the cost today fora flow rate of 2.0 MGD. The exponent for the MGD range of 0.2 to 40 is o.14. The cost index in 2000 of 131 has been updated to this year. 225 forA trailer manufactor has multiple products designed to be towed by a pickup (Ford F-150, Toyota Tacoma, etc). The production of one of their products - the XL7 5x10 trailer - referred to as XL7510 here, has a fixed 9 cost of $62,308 and a variable cost per unit of XL7510 equal to 202 + - dollars, where is the total 10 number of XL7510s produced. Suppose further that the selling price of this product is 1118 The x-values of the break-even points are The maximum revenue is Form the profit function: P(x) = = The maximum profit is The price that will maximize profit is 1 - dollars per unit of XL7510. 10 dollars (round to the nearest cent) dollars (round to the nearest cent)
- A furniture manufacturer has an annual overhead cost of P120,000 plus 20% of the sales in pesos. Labor costs P20 per set and the materials cost P10. He has a maximum capacity of 1000 sets per month but expects to produce only 8000 sets per year. If he could sell all what he expects to produce, how much is the selling price of each set just to break even? Show solutions.Fast pls solve this question correctly in 5 min pls I will give u like for sure Svtik The cost of an electrode position control system in an electric arc furnace was $16,000 when the applicable equipment cost index had a value of 1,192. If the current index value is 1,364 and the exponent in the cost-capacity equation has a value of 0.65, the estimated cost now of a similar system twice as large is3. A civil engineer has invented a walling material that sells for P1,500/unit. The Fixed Cost of his company is P210,000.00 while the variable cost is P800.00/unit. a) What is the average number of units to be sold for the engineer to break even? Also show a graph. b) If the Variable Cost and Fixed Cost are decreased by 10% and 20% respectively, how much is the "NEW BREAK EVEN" in terms of PESOS?
- Consider a power system with three generators. Each generator has a piecewise linear cost function defined by the following points. Generator 1 Generator 2 Generator 3 Production (MWh) 100 200 300 400 200 400 600 800 100 400 700 1000 Cost ($) 915 1760 2635 3540 1870 3530 5230 6970 1060 3460 6040 8800 The min/max production of each generator corresponds to the min/max production values in the table (i.e., Generator 1 produces at least 100 MWh and no more than 400 MWh). (a) Plot the inverse supply function for this system. (b) If the demand is completely inelastic and equal to 1600 MWh į. compute the electricity price. ii. calculate the gross consumer surplus, consumer surplus, the producers revenue, the producers profit, and the global welfare. iii. determine the production level, cost, revenue, and profit for each generator.Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000 OMR,describe the production costs in the equation form Y = f + vX. Select one: a. Y = 160000 + 70X O b. Y = 160000 + 80X O c. Y = 160000 + 100X O d. Y = 160000 + 40XBest Ink Printing Co. received an order to print a minimum of 50,000 tickets for a concert. They have three printing machines available to meet the order they received. The set-up cost of these machines and the unit cost/ticket printed using each machine along with their maximum production are provided in the table below: Machine A B 976400 C Cost per unit $18 $21 $24 Maximum Production 30,000 25,000 30,000 Formulate an all-integer linear programming model to find the required number of tickets produced by each machine in order to minimize the production cost. What is the optimal solution for the number of tickets produced by machine B?
- 31. A company produces a certain commodity. The labor and material cost for each item produced is P65. Other variable cost is P28 per unit. The fixed monthly cost is P440,000. If each item is to be sold at P170 determine the number of units that must be produced per month in order to break-evenMethod Units of Labor Units of Capital 1 50 10 2 20 40 3 10 70 A small company that shovels sidewalks and driveways has 100 homes to service for the winter. It can use various combinations of labor and capital: lots of labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. A summary of the methods is listed above. If hiring labor cost $100/unit and a unit of capital costs $400, what production method should be used? If labor cost increases to $200/unit what method should be chosen? You must show your calculations.A jeweler is considering producing a limited edition diamond bracelet, and she is trying to decide how many bracelets to produce. The table gives her estimated total cost for various production levels as well as the price she would charge for each bracelet. Number of bracelets 100 200 300 400 500 600 Total cost (thousands) Price per bracelet $215 $7900 $420 $7400 $625 $5900 $820 $5000 $1015 $4200 $1205 $3600 (a) of the production levels listed in the table, which gives the highest profit? (b) Estimate the marginal cost and marginal revenue when 400 bracelets are made. marginal cost $ marginal revenue $