Costs/Benefits MSC=MPC Psop......... Welfare loss P1 Q1 Qsop MPB MSB Quantity

The condition that arises because the availableresources are insufficient to satisfy wantsSelect one:O aa. ScarcityO b. DeflationO c. CredibilityO d. Rationality

Describe the process of Valuation of Benefits and Costs?

There are two approaches to determine profit maximizing level of output (1) total revenue - total cost approach and (ii) marginal revenue-marginal cost approach. In light of the marginal revenue-marginal cost approach and the following graph, at the profit-maximizing output, total profit is: MC MR ATC AVC Dollars

| Log in x Page 34 Textbook PPF Q&A-Sul x 00206BF95EF421022 O File /home/chronos/u-becc423e23a17987fb1e9fb3356090d90b3c1144/MyFi 0206BF95EF4210223153858 1/2 Multiple-ChOice Questions 1. To an economist, the cost of going to a movie on Friday night would include a. the price of the ticket. b. the price of snacks while watching the movie. C. the value of the activity you could have done if you did not go to the movie. d. all of the above. Use the figure provided to answer the following four questions. Quantity of guns (units) 1,000 900

Articulate how economic factors influence acustomer’s ability and willingness to buy products

What is the marginal benefit associated with producing sx units of the control variable, O (identify point Din the table)? 35 Total variable Benefits Marginal Marginal Marginal Net Benefit Control Total Net Costs Benefits Benefit Cost Sepped B(Q) C(Q) N(Q) MB(Q) MC(Q) MNB (Q) 1. 900 100 800 900 100 800 2 1,700 300 800 200 600 3 2,400 600 1,800 700 E 400 4 1,000 2,000 600 400 200 3,500 1,500 2,000 500 500 6. 3,900 2,100 1,800 D 600 -200 4,200 2,800 1,400 300 700 -400 4,400 B 200 800 -600 008 4,500 4,500 100 900 -800 10 4,500 5.500 -1,000 1,000 -1,000 Mutiple Choice 600 400 200 100

Use the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5AMC = 20 + 3A The fifth unit of activity Awill increase net benefits by 75. reduce net benefits by 35. decrease net benefits by 40. increase net benefits by 40. reduce net benefits by 75.

AutoSave W- q5 micro OFF Home Insert Draw Design Layout References Mailings Review View Share O Comments Calibri (Bod... v 11 A^ A Аa v AaBbCcDdE AaBbCcDdEe AaBb( AaBbCcDc AaBbCcDdE€ AqBbCcDdEe > Paste A A No Spacing Subtle Emph... Styles Pane Sensitivity v ab X, Subtitle U Normal Heading 1 Heading 2 Title * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates Consider a monopolist that produces coal for energy, with demand curve defined by P = 190 – 20 and marginal cost given by MC = 10 + 2Q. Also, the firm's average total cost is ATC = 100/Q + Q+ 10. (Price and costs are in dollars per tonne of coal, while quantity is in thousands of tonnes.) Calculate the monopolisť's profit-maximizing quantity, price, and profit. For a monopoly, profit maximization occurs where the marginal revenue equals the marginal cost. a. b. What would be the competitive output and price if this monopolist operated as a competitive firm?…

y Bookmarks Profiles Tab Window cy Technician Certific X Midterm al.docx Help Midterm-Yoshira Martinez - C x | Inbox G cy.instructure.com/courses/16619/assignments/339423?module_item_id=659583 Page > of 4 0 5Which series of communication channels is arranged from smallest to largest? a. Facebook, Mediated Communication, Social media b. Social media, Mediated communication, Snapchat c.Instagram, Social media, Mediated communication d. Mediated communication, Social media, LinkedIn 6) You spend all your free time on Instagram and Facebook while neglecting meaningful face-t