Q: e) 1) Given the following Y = C +I C = 25 + 0.080yd I = 55 G = 40 T = 10 + 0.10Y Find Y,C, and T.
A: Given : Y=C+I C = 25+ 0.080yd I = 55 G = 40 T= 10+ 0.10Y
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Which of the following is true about point (e)?
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(a) MUX/PX > MUY/PY, |
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(b) MUX/PX < MUY/PY, |
||
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(c) MUX/PX = MUY/PY, |
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(d) none of the above |
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- Godo1. Please follow the provided formula for the solutionFeasibility frontiers are typically drawn downward sloping and concave to the point of origin as depicted in the figure below: 100 90 80 70 60 50 40 30 20 10 24 Hours of free time per day Why do feasibility frontiers have this shape? Why can't feasible frontiers be convex? Can feasibility frontiers be a straight line instead of a curve? Why/why not? Final grade
- If the FC = $200, the VC of the 9th unit is $400, and the VC of the 8th unit is $300, then ___: a) The MC curve is above the ATC curve at the 10th unit;b) The MC of the 8th unit is $80;c) The ATC of the 8th unit is $80;d) The AVC of the 8th unit is $75.Answer the given question with a proper explanation and step-by-step solution. what is the answer?You and two friends find yourself craving a fresh pizza while preparing for the final exam on the engineering economy. You can't spend time picking up the pizza and you have to have it shipped. 'Pick-up-Sticks' offers 1-1/4-inch thick (including toppings), 20-inch square pizza with your option of two toppings for $15 plus 5 percent sales tax, and $1.50 delivery fee (no sales tax on delivery price). "Fred's" offers Sasquatch round, deep-dish, which is 20 inches in diameter. It is 1-3/4 inches thick, contains two toppings, and costs $17.25 plus sales tax of 5 percent and free delivery. (1) What is the problem in this situation? Please state that clearly and specifically. (2) Apply the seven principles of engineering economy systematically to the problem you set out in Part (1) (3) If your common unit of measurement is dollars (i.e., cost), what is the better value for having a pizza based on the criterion of reducing cost per unit volume? (4) What other criteria might be used to select…
- All of the following would be considered in evaluating product or sales mix allocations, except a. deciding which product offers the lowest contribution margin per unit. b. deciding whether fixed costs would change as a result of the product sales mix. c. deciding upon any and all constraints associated with the product/sale mix. d. deciding which products will contribute the highest contribution margin per unit.Question 5 A manufacturing company produces the quantity q of a product that depends on I units of labour and a capital amount K as given by the equation 3 1 q = 6 (L) ³² (K) ² Labour costs are $10 per labour unit and capital costs are $20 per unit of capital and the total cost budget is $3,000. (a) Find the optimal solution using Lagrange Multipliers. G (b) Demonstrate the following economic principle for the optimal solution found in (a) that The marginal productivity of labour / The marginal productivity of capital = aq = Cost per unit of labour / Cost per unit of capital aq ☆ ƏL Challenge Level (c) Recompute the optimal values for L and K when the budget is increased by $1 and check that this allows for the production of an extra λ units where is the Lagrangian multiplier.arrow_forward Question Asked Jun 23, 2020 1 views Management of Ben Services identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although Ben is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000. i. If AG Travel and Tour wants to charge a package price, what is the highest price it can charge? ii. What profit will AG Travel and Tour make if it…
- The Maximum Requirment matrix is given below: T0: 2 6 4 7 4 T1: 3 3 6 6 7 T2: 2 2 2 1 1 T3: 2 5 3 7 4 T4: 3 4 5 7 7 The Available matrix is given below: 2 0 2 2 1 What is the need sequence for thread T0 ? [Hints. input only the values one after another starting with resourse A, then resource B without any space or anything in between. for example - if you insert 12345, that will mean the thread needs 1 instance of resource A, 2 instance of resource B and so on. ] What is the need sequence for thread T1 ? What is the need sequence for thread T2 ? What is the need sequence for thread T3 ? What is the need sequence for thread T4 ? What is the safe sequence? [Note, try to exexute the threads sequentitally that is T0, then T1 and so on. If T2 gets first chance in safe sequence, then again start with T0, then T1 and so on. ] [Hints. input safe sequence without any space or anything in between such as - T4T2T0T1T3] While identifying the above safe sequence, what are the…* Question Completion Status: product Y 28+ 24 20 16 12 8 4 0+ 0 4 Production Possibilities Frontier point A 8 point F 12 product X • 16 point B point C 20 06. What is the per-unit opportunity cost of product Y as production moves from point D to point A? O(a)- 5/4 (b) 5/4 O (c) 4/5 O (d) -4/5 O(e) (e) none of the above point E point D 24
