define volatile?
Q: 8 PRICE (Dollars per used smart device) 8. 8 160 0 0 Brian Crystal Edison + Hilary Kevin 3 QUANTITY…
A: Producer surplus refers to the area below the price and above the supply curve. It is the difference…
Q: QUESTION 14 Consider the market for PlayStation video games. Ceteris paribus, what effect will a…
A: Note: You have uploaded two questions at a time. Hence, we shall solve only the first one for you.…
Q: How many plates of claims will Bob consume in total?
A: The consumption done by the individual provides the marginal benefit to the consumer and the…
Q: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the…
A: division of labour, the separation of a work process into a number of tasks, with each task…
Q: 2.6 Isabel runs her family's small pineapple processing plant, which takes fresh pineapples and cuts…
A: The marginal cost curve, a visual representation in economics, illustrates the incremental cost a…
Q: From the previous graph, you can tell that Dina is willing to supply her 4th slice of cheesecake for…
A: Given, Willingness to supply by a seller is the minimum amount that he/she would take while selling…
Q: Suppose that the firm's production function is q = 5LK. In the short run the amount of capital is…
A: We have fixed K=8 using this we will have the production function q= 40L
Q: 1. The table below shows the production of a small economy: Year Price of Tea 2016 $1 $1 2017…
A: Nominal GDP is the GDP that has been determined using current market prices. Nominal GDP is measured…
Q: 8-33 The owner of a downtown parking lot has employed a civil engineering consulting firm to advise…
A: PLEASE FIND THE ANSWER BELOW.
Q: Problem 4) The proposed projects have the potential uniform annual benefits and associated…
A: A project is a collection of tasks that must be completed in order to meet a certain goal. The…
Q: Output Total Revenue Total Cost 0 $0 $ 50 1 30 74 2 60 94 3 90 117 4 120 142 5 150 172 The table…
A: The given table presents data for a profit-maximizing, purely competitive firm. Analyzing total…
Q: How has technology eased the task of assessing actual food costs and actual beverage costs?
A: In economics, technology is often regarded as the fundamental driver of economic progress in…
Q: 2. The Daisy-land's economy is described as follows: Y=C+I+G; Y=10,000; G=2,000; T-3,000;…
A: Private saving is the total amount of savings done by the private (financial and non-financial)…
Q: entry deterrence importance?
A: When potential entrants are discouraged from entering into a competition in a particular market due…
Q: What is the advantage of using chain weighting? What is one disadvantage?
A: The chain-weighted method, is a technique of calculating the Consumer Price Index (CPI) that takes…
Q: Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if…
A: A minimal wage is the lowest remuneration that employers can legally pay their personnel the rate…
Q: Suppose a stage game has exacty one Nash equibrium (select all that apply) Oa ina finitely repeated…
A: Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there…
Q: A manager's operation currently has an average sale per guest of $9.00. For the upcoming accounting…
A: A revenue forecast is an knowledgeable prediction or estimation for the approaching yr approximately…
Q: Q 0 1 2 3 4 5 6 7 8 9 10 11 TC $48 73 94 114 130 148 168 189 216 246 278 320 FC 1 VC AFC n/a AVC n/a…
A: Cost is the total expenditures incurred by a firm when utilizing economic resources during…
Q: Hand written solutions and AI solutions are strictly prohibited
A: The objective of the question is to create a mathematical model that represents the relationship…
Q: Producer surplus in this market is O $75 $175 O $200 Not enough information
A: Answer -the producer surplus is $75 and the Consumer surplus is $100.
Q: Which of the following statements is FALSE? Trade liberalization did not promote development in…
A: Trade: It refers to the exchange of goods and services in the economy. The more the trade between…
Q: Changes in the general economy, like changes in interest rates or tax laws, represent what type of…
A: There are a number of economic instruments to pick from whilst making an investment withinside the…
Q: 2. Suppose you manage a factory with ten workers. Each worker's output is determined by the equation…
A: Profit maximization is an economic concept and goal pursued by businesses and firms. It refers to…
Q: In order to minimize the cost of a particular level of output, a firm should produce where O A. MPL/…
A: Cost minimization: - Cost minimization means the reduction of production cost to the minimum level…
Q: How does a pure command economy answer the basic question of which goods and services should be…
A: When talking about the types of economies, it can be seen that there are different economic systems…
Q: Consider the following production function. Y=K0.5N0.5. Consider K/N=1. Now consider a doubling of…
A: Production function: Y= K0.5 N0.5
Q: Suppose that the price of good Y decreased from $18/unit to $16/unit and as a result, the quantity…
A: Elasticity refers to the responsiveness of one variable to changes in another variable, given that…
Q: 8. A manager is trying to decide whether to purchase a certain part or to have it produced…
A: A production cost known as a variable cost can go up or down in response to shifts in a company's…
Q: Firm Beta finds that when it triples all of its inputs, output doubles. Firm Beta's production…
A: In a market, firm produces output using the combination of input resources. The change in output…
Q: ording to the following passage, which argument would a proponent of the World Trade Organization…
A: The World Trade Organization (WTO) is an international organization that was established on January…
Q: Suppose that a production function for labor (L) and capital (K) is given by: q(L,K) = %3D L K02 .…
A: Increasing returns to scale: - Increasing returns to scale means that the output increases in more…
Q: Are Alarm clocks and automobiles substitute, compliments, or unrelated
A: Two goods are substitutes of each other if both can be used in place of another. Similar and…
Q: A profit-maximizing firm in a perfectly competitive market is able to sell its product for $7. At…
A: Firms in perfect competition are price takers, they have no control over price.
Q: Define the term Countertrade.
A: Countertrade is related to exchange of goods and services.
Q: 2. A firm produces a product with labor and capital. Its production function is described…
A: production function, in economics, equation that expresses the relationship between the quantities…
Q: A monopolist faces inverse market demand of P = 140- and has Total Cost given by TC(Q)=2Q² + 100 +…
A: Profit maximization is a manner commercial enterprise corporations go through to make certain the…
Q: fast urgent.
A: The objective of the question is to verify if the given monthly payments of $234.85 are correct for…
Q: Consider the following perfectly elastic demand curve for good X. At a price of P1, quantity…
A: Price-Elasticity(Ep) of a good is defined as it’s “sensitivity to price(P). That is , the %…
Q: Consider the table below. Assuming the law of demand holds, the cell labeled "?" could be which of…
A: Law of demand states that if price of good increases then quantity demanded for the good will…
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