(a) What is the individual supply of technological goods and services? (b) What is the market supply of technological goods and services? (c) Suppose the demand curve for these goods is D(p) = 200 – 50p. What is the equilibrium price and quantity sold?

Q: major league baseball plans to sell special commemorative jerseys for the world series. the…

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: 100 90 80 ATC 70 50 30 AVC 20 MC 10 + 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of pans)…

A: In perfect competition we assume that the marginal cost curve is same as the supply curve. The below…

Q: Construct the cost schedule

A: Cost schedule refers to the table that shows the total cost of production at different levels of…

Q: Classify the cost elements shown below for the Impressive Printing Company into the proper quality…

A: Cost element cost AmountCustomer complaint remakes28,300Printing plate revisions25,700Quality…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: If TVC is $1000 and output is 20 units Calculate AVC

A: The information being given is:- Total variable cost = $1000 Output = 20 units  We need to calculate…

Q: My friend’s aunt used to drive a Lincoln/Mercury Capri. It cost $2,999 in 1973. This sounds…

A: The consumer price index in the year 1973 was 44.4. The latest CPI that is CPI in year 2020…

Q: How can the calculation of the Unit-Cost be done?

A: Fixed cost refers to those costs that remain the same regardless of the level of production.…

Q: Ryan, a consumer electronics salesperson, eams a base salary of $900 per month and a commission of…

A: The sale is the total the sold out item or product. The sale maximization is the main objective of…

Q: Calculate the profits when total cost is $2900 and the total revenue is $3300

A: # The difference between the total revenue and the total cost incurred by the firm gives the profits…

Q: If output is 34 unit and total cost is $1300 Find average Cost

A: According to the question, the values given are:- Output = 34 units  Total cost = $1300  We need to…

Q: Prepare an organizational chart of your own engineering firm showing line and staff relationships.…

A: The objective of an "org chart" or organization chart is a chart that shows a relationship or…

Q: For a table manufacturing company, selling price for a table is $188.00 per Unit, Variable cost is…

A: Here we have to calculate the point where the company will be indifferent between the current mode…

Q: Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of…

A: The measure that depicts the point total cost is in turn equal to the total revenue is known as the…

Q: Calculate total cost when total revenue is 70,000 and total profit is 5000

A: # The total profit of the firm is given as:- The difference between total revenue and total cost.…

Q: Bags Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200…

A: Break-even Analysis- Breakeven is the point at which a firm must cover its costs of production.…

Q: Find total revenue generated by firm if profit is $550 and the total cost is $300

A: The data presented in the question above is:- Profit = $550 Total cost = $300 Using this information…

Q: Calculate profits if total revenue is $6500 and the total cost is $2300

A: Answer: Given, Total revenue = $6500 Total cost = $2300 Profit = Total revenue - Total cost Profit =…

Q: Jonah bought a bracelet at original cost $24 to sell in his handicraft store. The markup was 25% on…

A: Markup refers to the amount added to the cost of a product or service in order to determine its…

Q: A company makes and sells toasters. To make the toasters there is a fixed monthly cost of $27,000…

A: Here we have to write the cost function, the revenue function, the profit function, the break even…

Q: ostco sells a 74 Ib wheel of Parmigiano Reggiano cheese for $849. It costs them $640 to produce each…

A: The Revenue is known as what the firm earn by selling the product. The cost is defined as what the…

Q: Which of the following is true of a natural monopoly? A The firm is not protected by any barrier to…

A: In a monopoly market, there are high barriers to entry. A firm experiences economies of scale when…

Q: Rob Otics Ltd, a small business that specializes in manufacturing electronic- control equipment…

A: Here, given table provides information about total cost at different output level.

Q: how much if a barrel of oil does costs Chevron to produce for sale in the crude oil market, without…

A: According to a 2022 report by Rystad Energy, the average cost of production for a barrel of oil for…

Q: Calculate total profit when total revenue is $700 and total cost is 60% of total revenue

A: The data presented in the question above is:- Total revenue of firm = $700 Total cost = 60% of total…

Q: A process has a cycle time of 10 minutes. The throughput time is 10 hours. If the throughput time is…

A: The net duration needed to manufacture a product covering from the start to the end is termed…

Q: Identify a minimum of 5 features/tools that are offered.

A: The State of Ohio offers a wide range  of profession openings. A vocation in broad daylight…