$150 $145 $140 MC $135 $130 $125 $120 ATC $115 $110 $105 $100 $95 $90 $85 $80 AVC $75 $70 $65 $60 $55 $50 $45 $40 $35 $30 $25 0 2 3 4 5 6 7 8 9 10 11 Quantity Produced Consider the above cost curves for a business firm. The graph is also in the files folder with name HW3 - Cost Functions. The variable cost of producing q = 7 units equals 343.00 dollars.
Q: i wil 5 upvotes. do fast no use chagpt answer.
A: A competitive price taker bases their hiring decision according to the optimality condition: W =…
Q: Only select the correct option from the list provided. there may be ore than one correct answer.
A: The objective of the question is to determine the correct statements about Japan's real interest…
Q: PRICE (Dollars per ton) 80 72 64 56 48 40 32 24 16 B Demand 0 25 50 75 100 125 150 175 200 225 250…
A: Approach to solving the question:Grasp the core concepts:Understand the inverse relationship between…
Q: Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It…
A: Below are comprehensive descriptions for each asset class, including their respective class life…
Q: File Preview 2. The cash flows from a contemplated project are assumed to have a Beta distribution…
A: (a) Means and standard deviations of the cash flow for each year:Year 0:Mean = (-14,000 + 4*0 +…
Q: am. 154.
A: Profit Maximization AnalysisTo fully discuss the profit maximization problem for the given firm,…
Q: The income effect of a price change predicts that a to a(n) in the consumption of rise; decrease;…
A: Price decline: When a product's price declines, buyers can buy more of it for the same amount of…
Q: The value of the future worth for alternative X at an interest rate of 12% per year is closest to: X…
A: In conclusion,The closest future worth to the answer choices is Od. -98,870. However, it's important…
Q: What is the Economic theory behind the decision at the end of the case Start with "Near Empty…
A: The case study explores the economic theory of cost minimization in the context of a near-empty…
Q: Image upload solution is not allowed
A: Step 1:The balance of payments (BOP) is a financial statement that summarizes a country's economic…
Q: To what do market externalities lead? Group of answer choices Greater inefficiency in the market as…
A: The objective of the question is to understand the impact of market externalities on the efficiency…
Q: Find the consumers' surplus and the producers' surplus at the equlibrium level for the given…
A:
Q: First cost of equipment = $200,000Market value at the end of year 6 = $10,000MACRS depreciation is…
A: Step 1: Calculate the Depreciation using MACRSThe equipment is classified as 5-year property under…
Q: Assume the equilibrium wage rate is $6, as shown below. Wage $12 Tools $11 S $10 $5.50 $6.50 $9 $8…
A: a. If we draw a horizontal line at $5.5 representing the minimum wage, it will be nonbinding since…
Q: In the overshooting model, an increase in the money supply leads to higher inflation and currency…
A: Ans. A useful paradigm for comprehending the connection between the money supply, inflation, and…
Q: Solve all parts with correct and proper calculation and explanation
A: Detailed explanation:Opportunity cost refers tot he amount of good y a country has to give up to…
Q: A piece of equipment bought for $50,000 at MKBK Systems is being depreciated using the Straight-Line…
A: The objective of this question is to calculate the income tax that MKBK will owe on the sale of the…
Q: please answer correctly fast:
A: Explaination:
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: The three components of production costs are marginal cost (MC), average total cost (ATC), and…
Q: If total reserves for a bank are $20,000, excess reserves are $15,000, and demand deposits are…
A: Required Reserves = Total Reserves - Excess Reserves= $20,000 - $15,000= $5000 Required Reserve…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: In order to determine the profit-maximizing level of employment for the firm, we need to look at the…
Q: How much would you have to deposit now, so that you can withdraw of $10000 starting at the end of…
A:
Q: PRICE LEVEL Suppose there is some hypothetical economy in which households spend $0.50 of each…
A:
Q: Practice Question #1 The German economy produces two goods: Glass and Concrete. Both goods are…
A: Here are the two graphical representations as requested:Here is the combined graphical…
Q: 4. The market for sugar consists of 3,500 identical, perfectly competitive firms, each with the…
A: SeTo find each firm's maximum short-run profit, we need to use the profit maximization rule for…
Q: 1. Suppose that the world price for a good is 50, and the domestic demand and supply curves are…
A: World Market vs. Domestic MarketWorld Price (Pw): $50Domestic Demand (QD): QD = 350 - 0.2PDDomestic…
Q: QUESTION 3 ABC Manufacturing Company Limited recently hired you to estimate the firm’s production…
A: ABC Manufacturing Production Function AnalysisWe're given the production function F(K, L) = KL^2 and…
Q: An increase in Medicaid expenditure brought about by a flu epidemic is. Decreased expenditures on…
A: The correct answer is: Option (B) automatic fiscal policy action; discretionary fiscal policy action…
Q: Solve all problems ...
A: In order to calculate marginal revenue (MR) at each quantity, we can use the…
Q: Productivity growth and hourly compensation growth, 1948-2020 Cumulative change since 1948 (index…
A: Starting in the late 1970s policymakers began dismantling all the policy bulwarks helping to ensure…
Q: None
A: let's analyze the answer choices:a. 3%: If the IRR is this low, the project might not be very…
Q: Image upload answer is not allowed please
A: The answer choice β^0=10 and β^1=−3 is most likely the right option in OLS regression.Ordinary…
Q: Ceren's preference relation is represented by a utility function u(X1, X2) = X1^1/3 X2^1/3 for any…
A: We can solve this problem by analyzing the Slutsky equation (without Hicksian adjustment) and…
Q: in a state's lottery. Draw a smooth curve that captures its important features. Then classify the…
A: The histogram of digits drawn in the state's lottery shows bars that are relatively uniform in…
Q: Of the four cells of the table, which gives the greatest combined benefits to Van and Carlos? When…
A: A free rider problem is a type of market failure, where individuals have an incentive to benefit…
Q: please answer correctly ASAP
A: The t-statistic measures how many standard errors the estimated coefficient is away from the…
Q: A standard "money demand" function used by macroeconomists has the form In(m) = Po + B₁In(GDP) +…
A: To find the expected change in m when GDP increases by 9%, we can use the given money demand…
Q: Develop a graphical representation of the choice to buy insurance. Define and highlight on the graph…
A: The graph provides a visual representation of the choice to buy insurance based on diminishing…
Q: A corporation is trying to decide whether to buy the patent for a product designed by another…
A: Identifying Cash Flows: We analyze the potential returns based on the demand for the product:Light…
Q: Suppose that every driver faces a 3% probability of an automobile accident every year. An accident…
A: If the cost of the insurance is equivalent to the predict payments the insurance company will be…
Q: 7. How is the market price of a good determined? When the market for a product is in equilibrium,…
A: The market price of a good is determined by the forces of supply and demand. Supply represents how…
Q: The tragedy of the commons occurs when a. a common-resource good becomes depleted. b. positive…
A: The correct answer is: Option (a) a common-resource good becomes depleted.The tragedy of the commons…
Q: According to the St. Louis Federal Reserve the natural unemployment rate is 4.42 percent (Q4 2023 )…
A: The objective of the question is to understand the implications of a falling unemployment rate on…
Q: Given this preference relation, draw an indifference curve. (The previous expert didn't draw an…
A:
Q: Gargantuan Enterprises has a monopoly in the production of antimacassars. Its factory is located in…
A: The objective of this question is to find the profit-maximizing output for Gargantuan Enterprises, a…
Q: 11. What must an entrepreneur do to earn a profit? How do the actions of firms earning profits…
A: Entrepreneurship is the process of identifying, creating, and pursuing opportunities to create value…
Q: please answer correctly asap
A: The null hypothesis (H0) in a regression context usually states that the coefficient of interest (in…
Q: I got my answer wrong. Can you please explaint the correct answer.
A: Part 2: Approach to solving the questions1) To find TC when Q=3, locate the short-run expansion path…
Q: Consider the decisions of a representative consumer whose preferences are given by: u(C,1) = In C+…
A:
Q: TOTAL COST AND REVENUE (Dollars) Use the blue points (circle symbol) to plot total revenue and the…
A:
I don't know how I got the answer wrong. Are there other ways to solve it?
Step by step
Solved in 2 steps
- ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the aboveSOLVE USING EXCEL PLEASE There is no more information to provide. This should be all that is necessary.Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0 90 0 0 0 0 3 1 4 90 20 110 22.5 5 27.5 5 3 2 90 90 40 130 1 0.444 1.444 0.233 3 3 160 90 60 150 0.563 0.375 0.938 0.286 3 4 200 90 80 170 0.45 0.400 0.85 0.5 3 5 230 90 100 190 0.391 0.435 0.826 0.667 3 6 250 90 120 210 0.36 0.480 0.84 1 3 7 260 90 140 230 0.346 0.538 0.885 2 3 8 265 90 160 250 0.340 0.604 0.943 4 If the firm produces 265 units of output and sells it at $1 per unit, is it making profits or losses? How much are they making?
- Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0 90 0 0 0 0 3 1 4 90 20 110 22.5 5 27.5 5 3 2 90 90 40 130 1 0.444 1.444 0.233 3 3 160 90 60 150 0.563 0.375 0.938 0.286 3 4 200 90 80 170 0.45 0.400 0.85 0.5 3 5 230 90 100 190 0.391 0.435 0.826 0.667 3 6 250 90 120 210 0.36 0.480 0.84 1 3 7 260 90 140 230 0.346 0.538 0.885 2 3 8 265 90 160 250 0.340 0.604 0.943 4 If the price of the output is $1, how many units of output should the firm produce to maximize profit? What is the firm’s profit level?180.00 Short Run Cost Curves Numerical Data Labels Are Adjacent ToTheir Associated Markers (Markers Are The Squares, Dots, or Triangles On The Curves) MC AVC ATC 162.60 160.00 140.00 130.20 120.00 101 40 100.00 92,56 90.60 80.00 85.80 84.92 80.91 80.60 77.74 76,20 16.20 77,68 60.00 61.80 54.60 54.60 48.60 40.00 43.80 40.20 40.20 37,80 36.60 36.60 37.80 2.20 20.00 1.40 0.00 13 15 16 17 18 19 20 21 10 11 12 14 Quantity The figure shows a competitive firm in the paper clip industry. The price of a paper clip is $130.20. The firm's profit is O• $548.20 O • $751.05 O• $892,80 O • $1,096.24 180.00 Short Run Cost Curves Numerical Data Labels Are Adjacent ToTheir Associated Markers (Markers Are The Squares, Dots, or Triangles On The Curves) 160.00 162.60 MC AVC -ATC 140.00 130.20 120.00 100.00 101.40 92.56 80.00 RS 80 90.60 s0.91 84.92 16,20 80.60 774 76.20 77.68 60.00 54.60 61.80 54.60 40.00 48.60 40.20 43.80 37.80 40.20 36.60 20 36.60 20.00 140 0.00 10 11 12 13 14 15 16 17 18 19 20 21…Output quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125 X 1125 150 1200 X 175 1875 200 2000 2250
- Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council. How many tomato plants must he sell to break even? What kind of profit will he realize from selling 180 plants? Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.If explicit cost equals to $40000 and implicit cost $ 95,000 and the accounting profit is $23,000 what is the revenue and the economic profitPlease see the attached two pictures, one for the graph, and the other for the questions.
- Only typed answerI am having trouble understanding how to calculate the economic and accounting profits for this question. I know that Accounting profit is Revenue - all costs, but based on how this question is phrased, it isn't clear exactly what is being considered revenues and costs incurred. If you could help me understand these calcualations better, that would be great! Thanks!Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000. (Type a whole number.) k my instructor…