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- B) $11,250,000 150 Ⓒ$15,750,000 (D) $11,000,000 130 110 90 70 50 Ford Field Capacity is 65,000 10000 30000 MC 50000 70000 MRL DL DH MRL and DL are for low-demand games. MRH and DH are for high-demand games. Based on the graph above, what is the total revenue for both games (high and low demand games) if the price is set at the high- demand price level? A $12,500,000 MRHNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.4. When handling insects, knowing where the pests are thickest can help save on insecticide usage. But scounting for bugs also comes at a price. Determine the appropriate blend of insect scouting and insecticide to manage your insect issues on the farm. Complete the following worksheet considering the different strategies for soybean production and answer the accompanying questions. The price of insect scouting is $30 per hour and insecticide is $6 per quart. Strategy Scounting (hours) Insecticide (quarts) Input Substitution Ratio Input Price Ratio 1,200 40 600 80 300 D. 120 120 (a) What economic question/opportunity does this address? What is the appropriate decision rule for input substitution? What does that rule to seek to achieve (be more specific than saying "profit maximization")? (b) What is the profit maximizing strategy? What is the cost associated with that strategy? (c) Explain how the input price ratio will change if both input prices decrease from the initial scenario by…
- C.F5 % 16 5 F6 6 PRICE F7 87 63 & 42 36 24 15 0 Refer to Figure 10-5. The socially optimal quantity of outpurus O a. 240 units, since the value to the buyer of the 240th unit is equal to the cost incurred by the seller of the 240th unit. O b. 240 units, since the value to society of the 240th unit is equal to the cost incurred by the seller of the 240th unit. O c. 420 units, since the value to the buyer of the 420th unit is equal to the cost incurred by the seller of the 420th unit. O d. 420 units, since the value to society of the 420th unit is equal to the cost incurred by the seller of the 420th unit. F8 * 8 240 8 QUANTITY F9 ( 9 420 Y JUDUL F10 Supply O Social Value Demand -O- ) F F11 O:+ F12 || PrtSc 000 =4.00 3.50 3.00 2.50 2.00 1.50 1.00 D. 0.50 1. 6. 8. 6. 10 11 12 13 14 15 Quantity (thousands of dozens per month) At a price of $1.50 per dozen, how many bagels are supplied per month? 5. 4. 3. 2. Price per dozen bagelshelp please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
- Supply and Demand: End of Chapter Problems 9. Adjust each graph to show the indicated change. In each graph, click on the line or its midpoint to see the options. a. An increase in quantity demanded b. A decrease in demand Quantity Question Source: Chiang 4e- Economics Princidles FoHA Changing World Publisher: Worth 11:06 PI 65°F 10/13/20 PricementQu102 - P Search (Alt+Q) es Mailings Review View Help Ao三、三、i、 AaBbCcDd AaBbCcDd AABBCC AABBCCD AaB AaBbCcD = 三、 、田、 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Paragraph 5) There have been proposals that a tax be imposed on sugar-laden soft drinks in an attempt to reduce their consumption. Assume for simplicity that all bottled soft drinks are the same size. Suppose the initial market equilibrium is P = $2.00 and Q= 1000. (see figure 2 below) Styles a) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. The price paid by the consumer becomes = b) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. The after-tax price received by the seller becomes = c) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. The government total tax revenue from sales of soft drinks is = %3D d) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink…D7) Why is congestion treated as an externality in Urban Economics?
- 4. A model of network externalities. Suppose that there are 50 potential consumers in the market for a new technology that exhibits network effects. There is a uniform distribution of consumers with individual valuations, v, ranging from S1, $2,.., S50. Consumer valuation from consuming the technology is given by vN, where N is the number of consumers adopting the technology. Consumers with purchase the product as long as their valuation is greater or equal to the price, so that the marginal consumer has a valuation such that p3vN. The number of consumers adopting the technology is given by the number of people with valuation greater than y, i.e. N = 50 - v. %3D a) Using the information above, derive the relationship between the price of the product and the number of consumers adopting the product, N. Characterize this relationship – does it reflect a typical market demand curve? b) If the price for the product is $600, find the three equilibrium number of adopters in the market. c)…Explain five (5) contributing determinants that will lead the change on market supply for oximeter which will eventually increase the market price in malaysia9
