Q: A project capitalized for ₱37,000 invested in depreciable assets will earn a uniform, annual income…
A: Capitalized Cost 37000 Annual Income 23209 Annual Cost 9000 Tax and insurance 4% of…
Q: One of the growers is excited by this advancement because now he can sell more crops, which he…
A: Elastic of demand refers to the percentage change in quantity demanded due to the percentage change…
Q: How are both the real interest rate, r, and the real exchange rate, Q, actually determined?
A: The inflation rate is the difference between the actual and nominal interest rates. (The nominal…
Q: le production schedule for Great Balls of Fire, a food truck that sells alls of Fire has a lease on…
A: Here, the given table shows variable cost and total cost of a firm using which one can concourse the…
Q: Select one: a. a market equilibrium tax. b. the costs that parties incur in the process of agreeing…
A: An externality is an expense or advantage brought about by a maker that isn't monetarily caused or…
Q: United States U.S. DEPARTMENT OF COMMERCE Census 2000 BUREAU OF THE CENSUS WASHINGTON, DC 24213-2000…
A: A census is a method of gathering, collecting, and recording data on members of a population in a…
Q: Analyze the decision tree below to answer he following question:
A: This is an example of sequential game where one firm enters then other firm reacts to such entry.
Q: When the Central Bank increases its discount rate, A. Monetary base increases B. monetary base…
A: money supply is the total stock of money held by public. money supply and monetary base have…
Q: a cartel is a group of firms that attempts to coordination game
A: A cartel is a group of seemingly independent producers whose purpose is to maximize their collective…
Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability.
A: The policy that makes use of revenue that is collected and expenditures incurred by the government…
Q: Consider the following data. Suppose the expected exchange rates are the average expectations by…
A: The rate of return (RoR) is the net profit or loss of an investment over a period of time and is…
Q: For the three-part question that follows, provide your answer to each question in the given…
A: Savings is the practice of putting aside a portion of one's current income for future use, or the…
Q: Competition results in the efficient output mix because Select one: a. producers set MRT equal to…
A: The (MRT) is the quantity of units or measure of a decent that should be done without to make or…
Q: Which of the following represents the opportunity cost of X in terms of Y? a. Px/Py = MPLx/MPLY b.…
A: The opportunity cost of X in terms of Y is the amount of Y that needs to be sacrifice in order to…
Q: Question 2 Emma's daily utility function is U = 8√R+4M, where R represents the pounds of rice eaten…
A: Ans. 2. Emma's utility maximization level is where the slope of the indifference curve is equal to…
Q: A large city in mid-west needs to buy a street-cleaning machine. A used vehicle will cost $75000 and…
A: Two other options: Used vehicle and new framework Doing the current worth examination to think about…
Q: What are the benefits of direct foreign investment?
A: The flow of goods, services, and capital across national borders is referred to as international…
Q: Economic variables are sometimes divided into “leading indicators” and “lagging indicators.” Leading…
A: Recession A recession in the economy refers to the situation in which the aggregate demand in the…
Q: Price $1.40 $1.00 $0.95 $0.85 $0.60 MR MC ATC D 0 300 500 900 1000 Quantity The monopolistically…
A: monopolistic competition market ,where large numbers of byers and sellers exchange differentiated…
Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…
A: A government's nominal GDP is determined using price levels and is not indexed to inflation. Compare…
Q: Do ROR finding using WolframeAlpha. A) What are the (rational; non-imaginary) roots you have found?…
A: Given information and For cash flow 1 Initial cost=100 Revenue=110 Time = 1 year For cash flow 2…
Q: ssume you were invited as a resource speaker to your fellow age group during an Environmental…
A: Disasters strike all across the world on a regular basis. People are widely dispersed and live in a…
Q: You are scheduling production of your popular Rustic Coffee Table. The table requires a top, four…
A: MRP usually stands for material requirements planning, and it is a method that assists manufacturers…
Q: Disaggregation on inputs was introduced in the capital market as economic growth models became more…
A: Economic Growth Economic growth refers to the increment in the economic factors of the economy of a…
Q: Yverrry is earning $200,000 per year as medical sales representafive. Due to the covid pandemic, she…
A: Accounting profit = Total revenue - Explicit costsEconomic profit = Total revenue - Explicit costs -…
Q: A monopolist always produces a quantity at which the demand curve is elastic. Explain with a diagram…
A: Concept By increasing prices and lowering output, the company may make more money. It will raise its…
Q: Differentiate between the environmental forces that affect international marketing efforts.
A: Environmental forces refers to the contextual events which impacts foreign trade. It refers to the…
Q: In the short-run model of perfect competition, there is always a range of prices above the shutdown…
A: When talking about a perfectly competitive firm it can be seen that the firm will stay in the market…
Q: Quantity Demanded per Year 1250 25 1000 50 750 75 500 100 250 125 Refer to the table shown, which…
A: Monopoly refers to a market system in which there is only one vendor, each of whom has a unique…
Q: Suppose other things are constant, whenever the price of good A rises, the supply curve of good B…
A: Goods are complementary when they are used together.
Q: Suppose w = 5 and the government gives Anne a subsidy of $150. She receives this money…
A: A kink is a point where the linearity of the budget line or any other line breaks.
Q: Chris is a student at the University. He has an endowment of K2000 kwacha per month in period one…
A: The lifetime budget constraint is Y1 + {Y2/(1 + r)} = C1 + {C2/(1 + r)}
Q: Supply and Demand Graph $6.00 Price (per) $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 Supply 0 50 200…
A: At equilibrium price and quantity are determined through the interest of market forces . Demand =…
Q: In a country there are 4 types of individuals The utility function of the ith type is given by: U,…
A: Utility is a term in economics that alludes to the complete fulfillment got from consuming a good or…
Q: The pressures on the foreign exchange market are such that they cause the British pound to…
A: Depreciation of Currency: The depreciation of currency means a fall in the purchasing power of…
Q: A project capitalized for ₱44,000 invested in depreciable assets will earn a uniform, annual income…
A:
Q: 8) If the reserve requirement on banks is 10 percent, then the money multiplier for the economy is:…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: You have $100 to spend on food and clothing. The price of food is $4 and the price of clothing is…
A: A budget constraint is a set of constraints that show how much money may be spent. The combination…
Q: The difference between the gross public debt and the net public debt is that the a. gross public…
A: Public debt: - Public debt is that situation in which government expenditure exceeds government…
Q: Consider a market of good X with demand and supply functions/equations. Qd = -8p+1000 Qs = 4p-200 a)…
A: Price ceiling refers to the maximum legal price that can be charged for a good. Binding price…
Q: Consider an endowment setting where (@1, 2) = (1, 1). Assume that x₁, x₂ are ordinary goods. x₁ is…
A: Inferior goods refers to the type of goods which has inverse relation with income of the consumer.…
Q: n the 3rd May the RBA increased the official cash rate by 0.25%. The current official cash rate as…
A: official cash rate (OCR) is the rate of interest charged by the central bank on overnight commercial…
Q: TRUE/FALSE Questions 1. The cost of ensuring that the production process conforms to specifications…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Which of the following statements is TRUE? (A) Official inflation data are often reliable. (B) It…
A: Inflation is one of the eocnomic factors that is used to analyze the economic condition of a…
Q: You learn that 2,000 of the employed workers are part-time workers. Consider the 2,000 involuntary…
A: The unemployment rate is the ratio of the workforce that is unemployed. It's a poor indicator,…
Q: Categorize each of the following five goods as a Private Good, Common Good, Club Good, or Public…
A: Private goods are items that belong to an individual or a group and cannot be used by anyone else…
Q: Research at least five job postings for economic development professionals and examine these…
A: Economic development is typically the focus of federal, state, and local governments in order to…
Q: e score of 8 candidates prior and after training are given below Test the hypothesis whether…
A: Given: Prior After 84 90 48 58 36 42 37 44 54 62 69 81 83 84 96 86
Q: 11. Calculating the price elasticity of supply Deborah is a stay-at-home parent who lives in Miami…
A: given that, at a wage of $50 per hour, willing to tutor 7hours/week at a wage of $65 per hour,…
Q: 1) The offer curves show that at point E, import demand is more than export supply of bananas. 2)…
A:
Step by step
Solved in 3 steps
- Tim is thinking of opening a garment store. He estimates that it would cost $270000 per year to rent the location and buy the merchandise. In addition, he would have to quit his $63000 per year day job. Tim estimates he can sell $315600 worth of garments in a year. a. What will be the accounting profit and economic profit for Tim? b. If you are an economist, should you suggest opening the store? Why?-Briefly discuss average costs, including how they are calculated, how they are typically appear on a graph, and what they relate to profitability. -Briefly explain what is meant by the term "fixed costs" and provide three examples of same. What determines a firm's level of fixed costs? -Briefly explain what is meant by the term "variable costs" and provide three examples of same. -Briefly explain how the total revenue for a profit-seeking firm is determined.QUESTION 17 Use the following table and use your previous calculations: find the quantity where ATC is at a minimum and find the quantity that is the most efficient operating point for the firm. Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. MC = ATC between 30 and 40 Quantity ATC at minimum between 20 and 40 Quantity b. MC = ATC at 30 Quantity ATC at minimum between 20 and 40 Quantity c. MC = ATC at 40 Quantity ATC at minimum between 20 and 40 Quantity d. MC = ATC between 30 and 40 Quantity ATC at minimum between30 and 40 Quantity e. MC = ATC between 20 and 40 Quantity ATC at minimum between 20 and 40 Quantity
- ritaj.birzeit.edu O Final Exam Question 1: Shown below are the graphs of the firm's marginal cost, average variable cost, and average total cost. COST PER UNIT (Cents per bushel) 100 90 80 70 60 50 40 30 20 10 1 2 3 4 5 6 7 8 9 10 QUANTITY OF OUTPUT (Thousands of bushels) A. On the graph, identify each curve.Delvin has a hot dog stand in a busy midtown area with similar stands on every block. The graph above shows the cost curves of Delvin’s Hot Dogs. The market price of a hot dog is $3. Answer the questions below and show all calculations where necessary. From the diagram, what is Delvin’s profit-maximizing output per day? Explain your answer. Calculate Delvin’s accounting profit per day. How will Delvin’s price and profit change in the long-run, assuming no change in technology or demand?With the help of an example explain the difference between accounting and economic profit. Building on your answer then explains why a perfectly competitive firm would operate in the long run even if it makes 0 profit
- Caroline opens a lemonade stand for two hours. She spends $15 for ingredients and sells $50 worth of lemonade. In the same two hours, she could have mowed the neighbor's yard and earned $10. a. What are Caroline’s explicit and implicit costs? b. What is Caroline’s accounting profit? What is her economic profit? Show how you calculated each profit.Use the following table and use your previous calculations: find the quantity where ATC is at a minimum and find the quantity that is the most efficient operating point for the firm. Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. MC = ATC between 30 and 40 Quantity ATC at minimum between 20 and 40 Quantity b. MC = ATC at 30 Quantity ATC at minimum between 20 and 40 Quantity c. MC = ATC at 40 Quantity ATC at minimum between 20 and 40 Quantity d. MC = ATC between 30 and 40 Quantity ATC at minimum between30 and 40 Quantity e. MC = ATC between 20 and 40 Quantity ATC at minimum between 20 and 40 QuantityBob's lawn mowing service is a profit maximizing, competitive firm. Bob mows lawns for $27 each. His total cost each day is $280, of which $30 is a fixed cost. He mows 10 lawns a day. What can you say about Bob's economic and accounting profits in the short run ? A. Economic profits are minus $10 and accounting profits are $20 B.Economic profits are $20 and accounting profits are minus $10 C. None Which one?
- What is the difference between Economic Profit and Accounting profit?The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16 for total cost, average variable cost, average total cost, and marginal cost., now imagine a situation where the firm produces a quantity of 5 units that it sells for a price of $25 each. a. What will be the company’s profits or losses? b. How can you tell at a glance whether the company is making or losing money at this price by looking at average cost? c. At the given quantity and price, is the marginal unit produced adding to profits?Ball Bearings Inc. faces costs of production as follows:Quantity Total Fixed cost Total Variable Cost0 200 01 200 502 200 703 200 904 200 1405 200 2006 200 360a. Calculate the company’s average fixed costs, average variable costs, average total costs, andmarginal costs. a. The price of a case of ball bearings is $50. Seeing that she can’t make a profit, the chiefexecutive officer (CEO) decides to shut down operations. What are the firm’s profits/losses?Was this a wise decision? Explain. b. Vaguely remembering his introductory economics course, the chief financial officer tells the CEOit is better to produce one case of ball bearings because marginal revenue equals marginal costat that quantity. What are the firm’s profits/losses at that level of production? Was this the bestdecision? Explain.
