Q: Suppose that lenders want to receive a real rate of interest of 6%, and that they expect inflation…
A: Inflation rate measures the rate at which prices increases over time which leads to fall in the…
Q: Please answer in details on a topic specific to business ethics, it’s moral stands, views for and…
A: The study of appropriate corporate behavior with regard to potentially controversial problems…
Q: Equilibrium in the financial capital market occurs at an interest rate of 6 % GDP is $500 billion,…
A: Given, Interest Rate = 6% GDP = $500 billion Budget Deficit = $15.5 billion Increase in GDP = $100…
Q: define the terms -Infaltion -depression -peak
A: Business cycles are cyclical changes in an economy's commercial activity. Business cycles are…
Q: Starting at the end of the present year (i.e., end of year 1), Meredith plans to deposit her annual…
A: Given Interest rate =3% compounded quarterly Initial deposit (A1)=$5000 Annual increment (G)=$400…
Q: Consider the above table. What is the marginal product of the 2nd worker? O 18 O 20 O 40 O 22
A: The total product of labour is the sum of the prices of all the commodities and services generated…
Q: Listed 40 name of multinational company in Malaysia.
A: A multinational company is known to be as a company which has its office located into different…
Q: Predatory pricing occurs when a firm intentionally prevents competition by pricing their product at?
A: Firms compete in the market to acquire the market share to earn profits. If the market share is high…
Q: If px = 5 and py 40 65 96 79 = 4, and I = = 120, what is Gina's utility under optimal consumption?
A: The goods that can be replaced with each other is known as PS(perfect substitute).The rise in price…
Q: What are the Hicksian Demands? ○ hx (Px, Py, U) = 0 and hy (Px, Py, U) = U hr (Pa, Py, U) = = and hy…
A: Gina has perfect utility function for good x and good y. With given prices px and py for x and y
Q: Use the graph to answer the following: (a) At the optimal consumption point, approximately how many…
A: The combination of two goods which the consumer can buy from his given income is called budget…
Q: Alfred is a risk-averse person with $100 in monetary wealth and owns a house worth $300, for total…
A: Given, Monetary Wealth = $100 House Worth = $300 Probability that his House is Destroyed by Fire…
Q: In the long run, the economic profits in a monopolistically competitive industry tend to go towards…
A: Monopolistic competition is a market situation where there are numerous sellers of a specific item…
Q: In determining real GDP economists adjust the nominal GDP by using the: Select one: a. consumer…
A: Introduction: Nominal GDP: Gross domestic product (GDP) that is calculated using current market…
Q: Use the table below to answer the following question. Income (Dollars) 20,000 24,000 0.75 What is…
A: Marginal Propensity to Consume measures the proportion of an rised income that gets spent on the…
Q: When is the law of diminishing marginal returns relevant? Selected answer will be automatically…
A: The Law of diminishing marginal return is relevant in the short run. According to the law of…
Q: The following graph shows the D, MR, and MC curves facing a Monopoly. If this firm finds itself…
A: Firm has downward sloping demand and marginal revenue curve and currently producing the 225 units.
Q: A bakery would be willing to supply 500 donuts per day at a price of $0.50 each. At a price of…
A: Price elasticity of supply measures the degree of responsiveness of supply with respect to change in…
Q: Using LCM Method (Unequal Lives) solve the problem: Two location alternatives A and B, where one can…
A: Alternative selection can be done using present worth analysis but to perform present worth…
Q: please help ! they can be short explanations for each 3. How might each of the following factors…
A: The work of a union of labor is to protect the rights of the laborers. They can demand a hike in…
Q: Suppose that you have graduated from college. If you had not gone to college, you would have worked…
A: There are several types of cost, namely: Fixed Cost and Variable Cost Implicit and Explicit Cost…
Q: The best optimal production of two goods is where the isovalue line is tangent to the labor…
A: The isovalue lines represent the relationships between two commodities that can be produced using…
Q: When we say that firms within an oligopoly structure have the temptation to "cheat" in order to gain…
A: An oligopoly is a market structure in which a market or industry is overwhelmed by a few large…
Q: Which of the following is an internal source of data for an MIS? Trade publications Accounting data…
A: In economics, MIS refers to the management information system, which is one of the tools used by…
Q: Consider a labor market where the matching function UV is given by H (U,V) = A, where A=0.5. U+V'…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Andrews wants to retire the following bond early: Series 10.4S2033 Face$6,000,000 Yield - 11.2%…
A: Bonds are the one which holds the face value and have the closing value as well. If bond is to…
Q: What is Efficiency Wage? What are are some of the advantages and disadvantages of Efficiency wages?…
A: Effectiveness wages are above-market wages paid by bosses to work on the efficiency of their labor…
Q: Answer the following questions based on the figures below. (a) Look at figure (a) above. Is it…
A: Bar graphs and time series graphs are tools to display the data visually. Both have a horizontal…
Q: The benefits received principle of taxation asserts that Select one: a. Society at large should pay…
A: Tax refers is a compulsory financial charge levied by the government. It is used to fund government…
Q: The above graph represents a market for bananas. What does area E represent? surplus transferred…
A: The price a person is willing to pay for a good and the market price for that good are separated by…
Q: Which one of the following can increase the estimate of damages caused by a particular pollutant? O…
A: Introduction: Economic damage: Financial losses that can be objectively verified as having occurred,…
Q: The law of diminishing marginal utility states that.. price must be lowered to induce firms to…
A: Utility refers to the satisfaction derived from the consumption of good. The marginal utility shows…
Q: A competitive firm has a long-run total cost function C(y) = 3y2 + 108 for y > 0 to produce y units…
A: For the competitive firm, cost function is C(y) = 3y2 + 108. Average cost function is AC(y)= TC/Y
Q: Suppose a monopolist is currently producing where its variable costs are $1 million. Its fixed costs…
A: In the short run, a firm should shut down production if revenue is lower than variable costs. It…
Q: A major proposed industry in the future is the provision of global satellite wifi. However, the…
A: Rather than a single dollar figure willingness is usually presented as a price range. It cab be…
Q: The following game shows Delta and Spirit's payoffs in billions of dollars from pricing their…
A: We have 2×2 matrix game between players delta and spirit. Where each has to decide whether to choose…
Q: When will a monopoly be economically efficient? a if it produces where the marginal cost equals…
A: Allocative efficiency is when the production is where P = MC P is the price MC is the marginal…
Q: Define behavioral Economics and explain why it is different from traditional economics.
A: Introduction: Economics refer to the study of allocation of scarce resources in the presence of…
Q: YEAR 2000 2001 2002 A) 41 What is the price index in 2002? B) 100 C) 104 Nominal GDP $3055 D) 140…
A: Price index shows the change in price level. It is used to calculate the inflation in an economy.…
Q: Mauricio has a circus act that involves monkeys on unicycles. Mauricio has a fixed amount to spend…
A: Budget constraints shows the relationship between the two goods, their prices and the income of…
Q: unemployment rate is Suppose that the steady-state 13%. The number of vacancies relative to the…
A: Given, Steady State Unemployment Rate = 13% Number of Vacancies relative to Labor Force = 5%…
Q: grows Leavey and Sobrato. Each island produces 100 pounds of coconuts. Let's assume that the supply…
A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…
Q: What is the price below which the firm chooses to exit the market? (Hint: prices can only be…
A: In a competitive industry, a firm can only enter the market or exit the market in the long run. Due…
Q: wn of a cartel agreement Consider a town in which only two residents, Amrit and Aideen, own wells…
A: Prisoner's dilemma is the situation where both players can increase their payoff by cooperating but…
Q: A company is considering an investment in an item of equipment costing $150,000. Contribution per…
A: Present value refers to the existing value of money which is to be received in the future at a given…
Q: What is the average variable cost associated with 38 units of output? $1.05 $.95 $.42 O $1.37
A: Total cost refers to the total amount of cost involved in producing the goods and services. These…
Q: QUESTION 36 The severance pay for each of the first five years of service shall be calculated as:…
A: Part 36 Option b is correct. Generally, the gratuity or the severance pay is not liable in the first…
Q: 30 Suppose now that there is no sale tax and p How much money does Gina need to spend in order to…
A: Given Gina likes 3 T-Rex's as much as she likes 4 yaks and T-Rex's ad Yaks are the perfect…
Q: identify at least one fiscal and one monetary policy the Gov’t should adopt to assure our three…
A: Macroeconomic policy is focused on the health of the economy as a whole. The main goal of…
Q: 6. Assume that the economy is facing the zero lower bound. a. Explain how the Federal Reserve might…
A: The word "zero-bound" refers to the minimum conceivable rate of interest, and zero is logically that…
A firm’s total revenue and total cost functions are TR = 52q − q2 TC = q3/3 − 2.5q2 + 34q + 4 At what output will profit be maximized?
Step by step
Solved in 2 steps with 1 images
- A company produces very unusual CD's for which the variable cost is $ 15 per CD and the fixed costs are $ 50000. They will sell the CD's for $ 79 each. Let a be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C =$ Write the total revenue R as a function of the number of CD's produced. R=$ Write the total profit P as a function of the number of CD's produced. P=$ Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is Question Help: Video Submit QuestionA firm can produce 100 units per week. If its total cost function is C = 400 + 1000x dollars and its total revenue function is R = 1100x – x? dollars, how many units, x, should it produce to maximize its profit? units Find the maximum profit. $A firm's demand function is Q = 16 – P and its total cost function is defined as TC = 3 + Q +0.25Q 2 . Use these two functions to form the firm's profit function and then determine the level ofoutput that yields the profit maximum. What is the level of profit at the optimum?
- = Suppose that the marginal revenue for firefighting protective clothes is MR marginal cost is MC = 3.5x + 15 with a fixed cost of $295. Assume R(0) = 0. a) How many units will result in a maximum profit? x = b) Find the revenue function. R(x) c) Find the cost function. C(x) 337.5 4x and the d) What is the maximum profit (to the nearest dollar)? The maximum profit isThe total Revenue curve of a firm is R(q) = 40q -12q^2 and its average cost A(q) = 1/30q^2 – 12.85q + 20 + 400/q, where q is the firm’s output. (i) Derive an expression C(q) for the firm’s total cost function. (ii) Derive an expression for the firm’s profit function. (iii) Is the rate of change of profit increasing or decreasing when the output level of the firm is 10 units? (iv) Determine the level of output for which the firm's profit is maximized (v) What is the firm’s maximum profit?A typical firm in industry X has the following total cost function: TC = 400 + 20*q + 0.25*q2, where q represents the units of output. (a) What is the marginal cost at output level q=34? (Round to one decimal place.) (b) What is the average cost at output level q=34? (Round to one decimal place.) (c) At this level of output (q=34) the firm faces (economies or diseconomies) of scale?
- Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is q = 4000 − 250p and his total cost function is C(q) = 500 + 0.2q.How many 750ml bottles of dishwashing liquid should TeddyJ produce per month if he wishes to maximize his profits?A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink. (b) Find a function for the average cost of this company?TR = 25Q - 2Q? TC = 32 + 5Q Please create a graph illustrating relationship between the Total Revenue and Total Cost function for 0A firm will break even (no profit and no loss) as long as revenue just equals cost. The value of x (the number of items produced and sold) where C(x) = R(x) is called the break-even point. Assume that the below table can be expressed as a linear function. Find (a) the cost function, (b) the revenue function, and (c) the profit function. (d) Find the break-even point and decide whether the product should be produced, given the restrictions on sales. Fixed cost Variable cost Price of item $15 $300 $30 According to the restriction, no more than 17 units can be sold. (a) The cost function is C(x) =. (Simplify your answer.)A startup software company has indicated its cost, c(x), and revenue, f(x), as given below, such that x is the number of lines of programing code (units in 1000 lines). c(x) = 80000 - 2(x-200)2 f(x) = (x-10)3 + (x+10)2 Find the marginal cost analytically, and draw its graph Find the marginal revenue analytically, and draw its graph Solve for the x point where marginal cost is equal to marginal revenue analytically. Comment why is this point significant analytically. Write the profit function and draw its graph Is the profit function concave up or concave down?At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost of Rs. 14000 per day. What should this firm do in the short run if: (Hint: See normal and abnormal loss) The firm has total fixed cost of Rs. 6000 per day? The firm has total variable cost of Rs. 6000 per day?SEE MORE QUESTIONS