QUESTION 1 Consider the competitive market for widgets, which is in a constant cost industry. The price of widgets is P Suppose the demand for widgets rises massively What is the price of widgets in the long run? OP O less than P greater than P

Q: Question 3. Find the maximum revenue that demand equation is given by q = can be realized by selling…

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Q: Question 4 A student club is selling t-shirts for Thon every weekend. They found that when selling…

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Q: QUESTION 7 A profit maximizing firm produces output using capital, K, and labour, L, in the…

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Q: 4. The following table gives the profits of a concern for 5 years ending 2017 : Year 2013 2014 2015…

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Q: Question 6 A market has a demand function given by the equation Qd = 180 – 2P, and a supply function…

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Q: Question 6 Suppose the coal and steel industries form an open economy. Every 18 produced by the coal…

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Q: QUESTION 10 A company finds that it can sell 120 items at a price of $490 each, and sell 440 items…

A: Given: 120 items at a price of $490 each,  440 items at a price of $150 each.

Q: Question 6 Suppose the coal and steel industries form an open economy. Every 1$ produced by the coal…

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Q: QUESTION 1 Antonio's is thinking of increasing the base price of their pizzas as follows: Size of…

A: Relative change in price of small pizza          = (7.50 - 6.00)/6.00           = 0.25 Relative…

Q: What price should be charged per bottle of sanitizer if H4A want to make maximum profits following…

A: MR = a-2bx Where  a= selling price at which demand is zero. b=  change in price/change in demand x =…

Q: QUESTION 21 A company has requested your assistance in analyzing their annual revenue. They inform…

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Q: QUESTION 12 Suppose the demand function D(x) = x² – 12× + 36 and supply function S(x) = x2. Find…

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Q: Question 2 Suppose a company has fixed costs of $300 and variable costs of x + 1460 dollars per…

A: Given :- fixed cost = $300 Variable cost per unit =$ 34X + 1460 Selling price of each unit = $ 1500…

Q: Problem #3c: Develop a forecast for December using exponential smoothing model with a = 0.3.

A: From the given information we forecast for December

Q: QUESTION 3 Consider the basic food items consumed by a rural household: Food item Consumption…

A: Given information:   Consumption   Price     June 2021 July 2021 June 2021 July 2021…

Q: Question 6 A market has a demand function given by the equation Qd = 180 – 2P, and a supply function…

A: Demand equation, Qd = 180 -2PSupply equation, Qs = -15 + P   Equilibrium quantity & Price, Qd=…

Q: Question No. 4:…

A: Hello. Since your question has multiple parts, we will solve the first parts for you. If you want…

Q: Question 2 of 16 The selling price per unit of a product is $30, the fixed costs per month are…

A: let the number of units be x  break even is the point where total revenue is equal to total costs.…

Q: The following is the cost function for natural gas in a particular city.  What is the cost if 32.2…

A: C(t)= $14.85+$0.685 x t where, t= therms

Q: The fish population in a local stream is decreasing at a rate of 4% per year. The original…

A: Since you have asked multiple questions, we will answer the first question. If you want any specific…

Q: Question 3 of 4 A that manufactures monitors has fixed costs of $78,500 per annum. The company…

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Q: Problem Five: Given the supply and demand functions of a given product, find the equilibrium price…

A: For equilibrium condition Supply = Demand. PS=PD

Q: QUESTION 6 Refer to the graph below. When the price of a product is P2, then the consumer surplus…

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Q: The marginal cost for producing x units of a product is  MC=2000−3x^2 If the cost of producing 10…

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Q: Question 7 The demand function q = Ap) = 800 – 10p for a product is graphed below. 80 60 40 20 O 200…

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Q: Question 4 of 16 A machine manufacturer sells each machine for $6,300. The fixed costs are $254,000…

A: The price for which an article is bought is called its cost price. The price at which an article is…

Q: suppose your income has remained the same for the last 7 years. the inflation for the last 7 years…

A: Given suppose your income has remained the same for the last 7 years. the inflation for the last 7…

Q: QUESTION 4 Let C(x)=.0051x3+1.78x2+24000 represent the cost of producing X units of a good. Answer…

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Q: Question 2) The following regression model will be estimated according to the data of real…

A: Given information: The data represents the values of the variables real consumption expenditure,…

Q: QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft…

A: Question 5 QUESTION 5  The equilibrium price for soft drinks is $1.00 and the current price in the…

Q: The following is a piece wise function for the electricity costs in Gretel's city of residence.…

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Q: Problem 15. A retailer has bought several cases of Californian wine. As the wine ages, its value…

A: Let x is the number of years after which the retailer should sell the wine. Since, the revenue is…

Q: Part 1 out of 3 a. Over the 11-year period covered by this table, there was 1 year in which the…

A: As the positive number represent increases and negative number represent decreases, And, in the…

Q: Question 7 The Z-32 zombie virus replicates at a rate of 18.5% per hour. If a typical zombie bite…

A: Given :            z - 32 zombie virus replicates at a rate of 18.5% per hour.        Initially…

Q: Question 1 (a) During a nationwide program to immunize the population against a new strain of the…

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Q: QUESTION #5 DEMAND FUNCTIONS The demand function for the Sicard wristwatch is given by 50 d(x) = (0…

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Q: QUESTION 6 Worldwide annual sales of a product in 2013-2017 were projected to be approximately q =…

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Q: Question 1: A firm sells a good with an average cost 10 AC = Q+ ab + a) If the demand function is…

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Q: Answer the given problem. 1. Annie bought one dozen smartphones for P200,000.00 with a discount of…

A: Given Total cost =  P200,000 Discount = 5% Sold half dozen smartphones at a price = P18,000.00 per…

Q: QUESTION 9 At break-even, Ototal revenue equals total cost O total profit equals 0 Both of above…

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Q: Question 5 Suppose the monthly cost, in dollars, of producing x daypacks is C(x) = 0.001x + 0.07x2 +…

A: To find marginal cost we have to differentiate given cost function.

Q: QUESTION 18 (S-v) is the denominator in the formula for BEP. (s-v) is known as profit margin O total…

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Q: Problem 3 (a) A town has a population of 5000 persons, but is expected to grow by 2% every year. (i)…

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

Q: Problem 5 - §4.4 Choose the Model: A car travels down a straight highway at a constant speed. Which…

A: To choose which model is better- linear or exponential.

Q: Problem 3. population of cattle is increasing at a rate of 600 + 40 t per year, where t is measured…

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Q: QUESTION 13 Refer to the graph below. Find the consumer surplus for the demand function, D, when x…

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Q: Question 7 You are given the following information about an investment account:- Value…

A: Given: