Al its current short-run evel of production, a irm's average variable costs equal $30 per unit, nd its average fixod costs equal $15 per unit total ocosts at this production level equal 52.700 What is the firm's current output level? inits.

Q: of oil would make 15 million barrels the optimal quantity to extract and sell

A: At price 90 oil would make 20 million barrels the optimal quantity to extract and sell this year.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: 1) "According to the midpoint method, the price elasticity of demand between points A and B is…

Q: terest accumulated on the principal of a loan ust also be paid. The accumulated interest is known as…

A: The principal(P) is that amount which is borrowed from the bank. Amount(A) to be payed back is the…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

Q: 3) Use the table below to answer the following questions. Table 1 Bud Light Offer Don't Offer New…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: With the existence of a transaction cost of $90 which has to be split between the two that is $45…

Q: The Mount Emerald Wind Farm will be Queensland's largest wind farm once construction is completed.…

A: Renewable energy plays a very important lesson in economics by fostering sustainability, decreasing…

Q: Housing Prices Consider a 1,500 square foot house, which rents monthly for $0.75 per square foot.…

A: Given information, the-square-foot house, which rents monthly for $0.75 per square foot. Prevailing…

Q: Using the graph, complete the table that follows by indicating whether each statement is true or…

A: In the language of economics, "demand" is the amount of an item or service that buyers are willing…

Q: How does the Overnight Rate Target inuence interest rates throughout the economy? (A) The…

A: The overnight rate basically refers to the interest rate at which a depository institution (usually…

Q: A bottle of wine costs $14.00 and yields 5 ‘by the glass’ servings. To have a 25% FC what would I…

A: Price can be calculated by using the following formula.

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and…

A: A perfectly competitive firm is a price taker. It accepts the market price as given.

Q: Kyle sells tortilla chips in a competitive market. Currently, each bag of tortilla chips is sold for…

A: In competitive market,  A firm will produce where the price is equal to the marginal cost.  Marginal…

Q: 10 00:05:28 Differentiate between a firm and an industry. Short Answer Toolbar navigation BIUS ESE…

A: A firm is important in economics because managerial decisions are made at the firm level.  In common…

Q: 10. The Hastlehoff family took 5% hours to gather information for their Schedule A. The itemized…

A: Saving is income that is not spent, or conceded consumption. The portion of income isn't utilized…

Q: How to calculate Statutory Rate for company

A: The Statutory Rate for a company is imposed by law on income that is taxable and falls within a…

Q: Consider the three figures to the right. If the firm were to employ an 8th unit of labor at the wage…

A: Average variable cost = Total variable cost / Output Marginal cost = Change in total cost / Change…

Q: 2. What is the crowding- out effect? How does it modify the implications of the basic Keynesian…

A: Crowding out occurs when expansionary fiscal policy causes the interest rates to rise, thereby…

Q: What would a straight-line production possibilities frontier between grape juice and apple juice on…

A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: The maximum price that a consumer is willing to pay for a good or service, or the lowest price that…

Q: Cars produced each day A specialty-car manufacturer has plants in Auburn, Biloxi, and Chattanooga.…

A: a) Calculating AB: AB = 1210044208912…

Q: 4. The change in consumer surplus as a result of the shift in the graph below is equal tor (a) 1050…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

Q: So is it D or B

A: The answer is - B. Revoke the license of an insolvent insurer.

Q: Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices…

A: Revenue is defined as the income of the company. The revenue generated is done from two sources…