4 30 In lost income.Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answerthe following questions, ignore the cost of gasoline and depreciation of her car when travelling.Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.Opportunity Cost of TimePrice of a SuitTotal CostStore(Dollars)(Dollars per suit)(Dollars)Local Department Store30.00114144.00Across Town45.0086131.00Neighbouring City75.0060135.00Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit ifshe buys it from the

Total cost includes explicit and implicit costs. Explicit costs are the actual out of the pocket…

Answered: Complete the following table by…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ctors) on of es 1. Relationship of data usage and bill Data Usage(GB/month) 0 10 20 30 Bill($/month) 10 30 50 70 A. Draw the graph, placing data usage horizontally(on the X axis) and bill vertically(On the Y axis). B. How much is the monthly fixed fee? C. How much is the charge per GB? D. What is the Equation that describes the relationship, where data usage is denoted by D, and bill by B? E. How much would be the charge for 50 GB use per month?
6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 ) 250 225 175 150 125 100 75 50 25 0 0 + 6 12 18 24 30 36 42 48 QUANTITY (B) Demand 54 60 66 72 Total Revenue
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1. The strongest case for a rent ceiling via rent control is when . . .(a) Demand is inelastic because the rent ceiling may even increase supply.(b) Supply is elastic because the rent ceiling will increase the elastic supply.(c) When prices are high because then landlords are taking advantage of renters.(d) None of the above.
Figure A Q Figure B Figure C Price (dollars per unit) 15- Price (dollars per unit) 15 Price (dollars per unit) 15- 14- 13- 12- 11- 10- MC MC 14- 14- 13- 12- 11- 10- „MC ATC 13- 12- 11- 10- ATC ATC MR MR MR 9- 9- 9- 8- 8- 8- 7- 7- 6- 90 100 100 100 1i0 Quantity (units) 90 110 90 110 15 Qua Quantity (units) Quantity (units) Consider a perfectly competitive firm in a short-run equilibrium. Figure shows a firm in bad times because the firm produces units and makes a(n) O A. A; 100; economic loss O B. B; 90; economic profit O C. A; 110; economic loss O D. C; 100; economic loss O E. C; 100; normal profit
Typed plz And Asap thanks
Shane teaches guitar lessons. The graph below shows the comparison of his expenses and revenue for one month. r ($) L -1000 000 -600 200 Number of Lessons Expenses Revenue How many lessons must he teach to break even?
1. Solve the following equations: 2. A firm charges a fixed price of £80 for each shirt sold. The firm has a total cost functi (a) x²-25=0 (b)x² + 20x=0 (c) x² - 40x + 14 = 0 Q³-1360. (a) Write down the equation of the total revenue function. (b) Determine the break-even point. . (a) Simplify to a single term (i) 2 log(x) -log(2x) (ii) e³e-¹5-1
e The following Markups are received at various steps along the chain of distribution for a jar of pasta sauce that sells at a retail price of $5.00. What does it cost the manufacturer to produce a jar of pasta sauce? Format: $X.XX Distribution Stage Manufacturer Distributor Wholesaler Retailer Markups 50% 50% 33% 40%
ONLY NEED QUESTIONS 5,6,8,10 and 13
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