Comsider the payoff functionsPG) =7n + 13n -8 and) = 4- 3n. Then what the equntion for the marginalPrivate gain (MPG) of participating!%3DA4-3n8. 7n2 + 10n-4C. Tn? + 24の+16D. In2 + 1bn -12E 7n+ 30n + 8Qn2 Consider the paystf fin ctims Sen) = 5n- 34, PCn+) =10-n,and Tn)= 4n?-Sn +7. Given thes infrormationn, which of the followingdescriber the full range of values of n fov which theve is apositive Social gain if ruwitching?A. n68

Pay off function is award given at the final outcome of the game. It is mathematically represented…

Answered: Consider the paysff functions PG) = 7n…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A company must offer claim payment, if not in dispute, within how many days after affirmation of liability? A.20 B.30 C.45 D.90
The robot factory is situated next to a dormitory for nurses who work night shifts. The production process is rather noisy, and the nurses often complain that their sleep is disturbed. The following graph depicts the marginal private cost (MPĆ) and marginal social cost (MSC) of the robot factory production. Ss00 Marginal social cot S800 S700 Marginal private cost S500 S400 Price S00 Sa00 Sa00 O 10.000 20000 s0.000 .0o s0.000 0.000 P0.000 0.000 so.000 s00.000 a anity of robots per month You will not be given credit unless you provide a detailed explanation for the following questions! a) Are there externalities in this market? How can you tell? b) Suppose that the factory does not take into account the costs imposed on nurses. At which point the factory maximizes its profits? Explain why. c) Now suppose that a single firm owned BOTH the robot factory and the dormitory. At which point the factory maximizes its profits? Explain why. d) At which point the number of robots produced is…
Suppose you are considering whether to purchase a house off of Lake Erie for $400,000. You expect thetotal costs of maintaining the property (utilities, repairs, etc.) to equal $15,000/year, and that you would be able togenerate $35,000/year in revenue if you were to put the house on the short term rental market.a. (3) Suppose you are deciding between purchasing the home or whether to invest $400,000 in an interest-bearingaccount. If your objective is to maximize your own net income, what would the interest rate have to equal for youto invest in the interest-bearing account?b. (4) Suppose you decide to buy the house, and now you have to decide whether/when to list the house on theshort term rental market (like Airbnb) or stay in the house yourself. Briefly explain what this decision woulddepend on. What are the implicit (opportunity) costs associated with renting the house to someone else on a givenday? What are the implicit costs associated with the staying in the house yourself?c.…
28 24 20 P 16 12 8 4 0 1 5 Fig A 9 13 12 Fg A, what is the private market equilibrium quantty? Ⓒ (a) O (9 00012 0 (0) 13 MSC 17 S=MC D=MB 21 25 Q 28 24 20 16 12 8 4 0 P 0 4 8 Fig B 12 D=MB 16 20 S=MC MSB 24 Q
You and 9 other people have an endowment of 20 euros. Everybody can contribute up to the full endowment of 20 euros to a common fund. The contributes to this fund will be doubled and then redistributed equally among you and the other 9 people. Assume everybody, including yourself, is behaving selfishly. How much will each person contribute?a) 0b) 20c) 10d) 5e) 15
Refer question 1 and answer both the questios Question 1 Afrm raises capital to invest in a business project. The marginal revenue fromthe first 5 units of capital is: 1st unit has MR $1.64, 2nd unit has MR 1.41, 3rdunit has MR 1.30, 4th unit has MR 1.23, and 5th unit has MR 1.18. If the interestrate is 26%, what is the optimal amount of capital for this firm to borrow?O. 2O. 3O. 4O .5 Question 2 Consider the MR figures in Problem 1. If this firm borrows exactly 5 units ofcapital, what is the firm's total revenue?O. 6.05O. 6.76O. 6.89O. 7.14
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Fig. A 250 $ 200 150 100 50 0 250 (b) $100 O (c) $125 O (d) $175 O(e) $200 200 0 $ 150 Fig. C 100 50 0+ 0 .VMP=MRP LS=MFC 10 MRP 20 10 VMP LS=MFC 30 40 50 20 30 40 50 Fig. B Fig. D 250 200 150 100 50 0 250 200 $ 150 100 50 0 0 $ 0 10 VMP=MRP 10 20 MRP-VMP 20 LS 30 40 50 LS 30 40 50 MFC HL MFC 48. Given the Fig D representation of a firm that buys its labor as a monopsony and sells its product as a monopoly, what is the measure of exploitation of workers - (the difference between the Value of Marginal Product of Labor and the Wage rate paid) O(a) $50
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There are three major types of public utilities interms of their structure. Please describethe corresponding public utility structure for thefollowing utilities. Briefly explain yourreasoning. a) ASKi (Ankara municipal water utility) b) Başkent EDAŞ (Ankara electricity distribution company) c) Türk Telekom (telecommunications incumbent in Turkey)

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Consider the paysff functions PG) = 7n +13n -8 and ) = 4 - 3n. Then what is the equation for the margial private gain (MPG) of participating? %3D A 4- 3n 8. 7n2+ 10n-4 C. + 24n + 16 D. In? + Ibn - 12 E 7n²+ 30n + 8