c) Given the prices shown in column 1 of the following table, complete columns 2, 3. 4, and 5. (Assume that partial units cannot be produced.) (1) (2) (3) (4) (5) (6) Total Quantity Supplied 1 (7) Total (8) Total Quantity Supplied 2 Total Total Profit(+)/ Loss(-) ($) Quantity Demanded Price($) Output Revenue ($) Cost($) 4 -8 672 21 24 -3 360 576 9 4 36 32 4 480 480 11 55 42 13 600 384 13 78 54 24 720 288 d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills' Show the total supply in column 6 of table(b). e) If the market demand for barley is as shown in column 7. what will be the equilibrium price and quantity traded? Price: $ Quantity traded: 480 f) At the equilibrium price, what quantity will Farmer Mill produce, and what will be her profit? What will be the industry profit? Quantity: Firm profit: $ |: Industry profit: $ g) As a result of your answer in (f). will firms enter or leave this industry? Enter

c) Given the prices shown in column 1 of the following table, complete columns 2, 3. 4, and 5. (Assume that partial units cannot be produced.) (1) (2) (3) (4) (5) (6) Total Quantity Supplied 1 (7) Total (8) Total Quantity Supplied 2 Total Total Profit(+)/ Loss(-) ($) Quantity Demanded Price($) Output Revenue ($) Cost($) 4 -8 672 21 24 -3 360 576 9 4 36 32 4 480 480 11 55 42 13 600 384 13 78 54 24 720 288 d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills' Show the total supply in column 6 of table(b). e) If the market demand for barley is as shown in column 7. what will be the equilibrium price and quantity traded? Price: $ Quantity traded: 480 f) At the equilibrium price, what quantity will Farmer Mill produce, and what will be her profit? What will be the industry profit? Quantity: Firm profit: $ |: Industry profit: $ g) As a result of your answer in (f). will firms enter or leave this industry? Enter

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Table 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. Fill in ALL THE VALUES FROM A to R in the table.
Fig 2.1 illustrates the law of diminishing returns in seeking the optimum system (or component) performance and hence the need to balance the performance against the cost. Give examples of two pairs of characteristics other than performance versus cost where optimizing one frequently competes with the other, and briefly explain why they do.
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The tapie pelow Cotains pricerdemand and total cOSt data Tor the production of treadmilis, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax + b, where a is rounded to 1 decimal place and 6 is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cx + d, where c is rounded to the nearest integer and d is.rounded to the nearest 10,000. To Do Notifications Dashboard Calendar
1. (a) A company expects fixed cost of $55,000. Margin is to be 46 percent of the retail. Variable cost in addition to costs of goods is estimated at $0.06 per dollars of sale. Find the profit function using s for sales volume. (b) Square Hospital Limited charges every COVID patient a fixed amount for using their ICU facilities. What would be the graphical nature of the demand function of ICU in this case ? (c) Write down the general form of the Augmented matrix of a system of Linear Equation which consists of 5 equations and 4 unknowns. (0.5 0.5 (d) Calculate the steady state vector for the given transition matrix: (e) Assuming the nonnegativity constraints for each variables, calculate the total number of corner points for the following system of inequalities: 2x + 5y + 4z 2 29 3r + 2y + z 2 23 10r + 8y +5z > 62
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Q32
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(3 points) When sold for $259,000.00, Ferraris have an annual supply of 6758 vehicles and an annual demand of 6691 vehicles. When their price increases to $279,000.00, the annual supply increases to 6913, and the demand decreases to 6010 billion gallons. (a) Assuming that the supply and demand equations are linear, Afind the supply and demand equations. Supply Equation p = Demand Equationp (Note: The equations should be in the form p = mg + b where p denotes the price (in dollars) and q denotes the quantity. The slope and y-intercept should be accurate to two decimal places). (b) Find the Equilibrium price and quantity. Equilibrium price p = Equilibrium quantity q = (Note: The equilibrium price and quantity should be accurate to two decimal places, and the equilibrium price should include a dollar sign).
1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredproﬁt: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a proﬁt of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired proﬁt. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000
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Please give me accurate answer with fluu explanation otherwise i give multipe downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.