Q: Pizzaggio, where everyone lives along Via Cantonale, is 5 miles long. There are 2000 people…
A: Examine the pricing strategies of Ben and Will. Given that both compete on price and set their…
Q: Chevy sells the Corvette for $60k - $80k, yet some research unveils that it costs little over $25k…
A: Goods such as sports cars, luxury watches, designer jewelry, etc are considered as Veblen goods.
Q: a) Suppose that Ben and Wil compete in prices and set prices simultaneously (i.e. assume Bertrand…
A: examine the pricing strategies of Ben and Will. Given that both compete on price and set their…
Q: Amanda inherited P280,000 on her 30th birthday. She placed it on a pension fund which earns an…
A: Note: My dear student, As per bartleby guidelines I have done only one answering at a time. Please…
Q: Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15…
A: Opportunity Cost:Opportunity cost refers to the value of the next best alternative that is forgone…
Q: Find the change in the savings level when the current savings are 26000 and the initial savings are…
A: Generally in the question, Current savings value = 26000 Initial saving = 16800 Change in the…
Q: As a percentage, $9.00 is equal to _____ of $20.00.?
A: In this case, the value of $9 which is equal to what percentage of $20 has to be calculated. This…
Q: 1- In year 12 Adam earns $1450 and saves $550. In year 21 Adam gets a $4550 raise so that he earns a…
A: In economics, the marginal propensity to consume is a metric that quantifies induced consumption,…
Q: The board of your company discusses a possible future price increase of 20% for one of the products.…
A: A firm operates in the industry intending to make a profit. The firm will change its production…
Q: Mary, a law student in a University, wants to buy a book on Negotiable Instruments. To do this, she…
A: Given:i)Fixed cost=Rent of oven+Rent of baking panFixed cost=1,400+300Fixed cost=P 1,700ii)Variable…
Q: There is a 50% chance that consumer spending will increase next year. Our clothing business heavily…
A: The objective of the question is to determine the best decision for the clothing business based on…
Q: Shunda is a calculator assembly company, purchase a full set of the calculator parts, assembled into…
A: Production Function is defined as the maximum output that can be produced with a given set of…
Q: The profit associated with the production and sale of a product is the difference between the…
A: (Note: Since this question has multiple parts, the first three have been solved. Please resubmit the…
Q: An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800…
A: Given, A consumer consumes 2,800 kW hours monthlyManufacturing load of the plant is 30…
Q: What is the price of gasoline per litre in Canadian dollars if a U.S. gallon of gasoline costs…
A: Cost of 1 US gallon of gasoline = US $2.35US $1 = C $0.981 US gallon = 3.8 litres
Q: Automobile repair shops typically recom- mend that their customers change their oil and oil filter…
A: Total miles driven in a year = 52000 Filter change cost = $31
Q: What is the monthly profit or loss if the company stays with Clunker and sells 90,000 bags per…
A: Profit is the difference between the total revenue and total cost. Total revenue is the product of…
Q: If USD is worth 1.30 CAD does it necessarily mean that they have more purchasing power in Canada…
A: If the USD (US dollars) is worth 1.30 CAD (Canadian dollars), it means it takes 1.30 Canadian…
Q: The manufacturer of Brand A automobile tires claims that its tire can save 120 gallons of fuel over…
A: Given Brand A tire can save 120 gallons of fuel over 56,000 miles of driving, as compared to a…
Q: 6. Changes in taxes The following graph shows the aggregate demand curv Shift the aggregate demand…
A: When there is a fall in the tax rate in the economy, people are left with more disposable…
Q: Electricity is produced with water according to the function: E = 5 + 5W-1W² where E = kilowatt-hour…
A: Electric power is the speed at which work is accomplished or energy is transformed into an…
Q: (c) The amount of money raised during a competing fund-raising campaign is modeled by the 210(2¹-1)…
A: A function states a mathematical relationship between two variables, that is, dependent and…
Q: What we know about our shopping mall: Total square feet: 1,000,000 Common s.f. areas Total CAM…
A: Landlords pass on the costs of standard area maintenance to their renters via CAM charges. These…
Q: What is meant by General Electric(GE)?
A:
Q: Suppose that the manufacturer of a gas clothes dryer has found that when the unit price is p…
A: Given Revenue as a function of price :R(p)=-5p2+10,000p To find p at which revenue is zero solve…
Q: where is the 11 comming from?
A: When actual output is less than potential output , There is a recessionary gap. When actual output…
Step by step
Solved in 2 steps
- 2015 to 071 19. 5. 'Suppose the taxi fare for the first two kilometres increases from $18 to $30, holding other things constant, the average length of trips per ride will increase.' Do you agree with this statement? Explain. em *** --The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos). 1 6 5 X 4 3 2 450 750 10501200¹ 1350 300 600 900 Quantity per month Price 8 7 DS 0 150 Tools D₂ S2The owner of Barb’s Burgers has suggested the firm should invest in more moderntechnology and created a list of potential changes she thinks may be helpful as aninvestment. She has asked you to analyze the four potential choices and comment onwhat this would change in terms of cost:1. Build kiosks in the dining area for people to place their orders without having tointeract with a cashier. The kiosks would need also need to be integrated into thepoint of sales system to track orders for the kitchen Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust theamount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?
- 2500 2000 1500 Returns te scale: 0.33 1000 Price 2 10 15 20 25 30 Size dength in feet) 35 40 Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. It only the productivity of the truck Adam chooses to rent decreases, which of the following would be true at the new profit maximizing level of output and length of truck? Select the two that apply O A decrease in marginal cost O A decrease in total costs O A decrease in total revenuo O An incroase in the amount of labor Adam hires RevenueWhat is die difference between accounting and economic profit?The manager of the donut shop tells you that hesells donuts for $1 each, and that if he were to makeadditional donuts, based on his current level ofoutput, it would cost him $0.80 per donut. Do yourecommend that the manager increase or decreasethe number of donuts he makes?
- The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity adriveways cleared) Abbreviation Formula: Total Revenue TR Total Cost TC $0 $25 20 30 40 50 60 70 80 34 41 46 49 51 54 60 70 95 145 10 100 What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? s 01/21 VIEW sOLUTION O OF 21QUESTIONS COMPLETED 28 MacBook Pro 59Since most consumers spend very little on salt, a small increase in the price of salt will:A. reduce quantity demanded by a large amountB. not reduce quantity demanded by very muchC. not change quantity demandedD. increase quantity demanded by a small amount 2.Fred is considering opening a ski shop in Colorado. Assume Fred will incur the following costs: building rent= $100000/year, inventory= $250000/ year, energy=$50000/year, and labor (one clerk) = $10000/year. In addition, Fred’s current income as a computer programmer is $40000 per year. Assuming Fred would earn $ 460000 in revenues, he could expect to earn:A. an accounting profit of $10000 per yearB. an accounting profit of $ 60000 per yearC. an economic profit of $ 10000 per yearD. an economic profit of $50000 per year 3.Suppose a firm employs only capital and labour (K and L) and its production function is Q = 2KL. If the quantities of labour and capital are fixed at K =10 and L = 25, then:A. total output cannot exceed 125B.…can you assist?
- Please help meSolve the attachment86) An economy unit of agricutural output raquires 0.L'unit of ag ristural input and agriultural industy and a teatile industry. Each has 9n 0.1 unit of textiles inputs. Each unit of textiles output requires o.1 unit of agricul tural imput and 0:2 unlt of textiles input. a Write the technoligy matrix for this b) If surpluses of S units of agrlualhural products and15 units of texti le s ave desired, final the gois poluchion of each industry econdny. .