MTN H+ Telecel Econ 151Lecture 4B.pptx 017 12:48 Q If good X is a normal good and its price falls, the price-consumption curve must be: A. upward sloping (and positive). 20% 20% 20% 20% 20% B. downward sloping. Cupward sloping (and positive) or downward sloping. D. upward sloping and either positive or negative (backward bending), but not downward sloping. E. upward sloping and negative (backward bending). B. C. DE Δ 38/38 Go to page О ☐

Q: Find the p-value if Z < -.90, alpha = 0.05 (one-tail, lower tail)

A: In this scenario, we're dealing with a one-tailed hypothesis test using the standard normal…

Q: Miss Jones, a third grade teacher at Pine Cone Elementary School has decided to bake some treats for…

A: Given in question there are 26 students Now multiply 2 1/2 which is 2.5 times the original recipeThe…

Q: When the price is less than AVC (P<AVC), the company

A: Microeconomics deals with the minute considerations of an economy or the individual firm’s behaviour…

Q: Bags Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200…

A: Break-even Analysis- Breakeven is the point at which a firm must cover its costs of production.…

Q: Seven years ago, you started a crosstown delivery service. The service is an environmentally…

A: We will use formulas to find out the missing numbers.. Total revenue = Price * Quantity  Price =…

Q: Manufacturing process is an example of: (a) Form utility (c) Place utility (b) Time utility (d) All…

A: # the concept of utility relates to to the satisfaction derived from the consumption of a good or…

Q: Deluxe coffee is to be mixed with regular coffee to make at least pounds of a blended coffee. The…

A: let x = Pounds of deluxe coffee let y = pounds of regular coffee x + y &gt;= 48 The mix must have at…

Q: The equation p(x)= −40?^2 + 8000? − 250000 takes x, the number of items produced of a particular new…

A: Maximum profit is a price goal where a company wants to make as much profit as feasible as soon as…

Q: How would the Autonomous Vehicles technologies affect workers (e.g., productivity, employment…

A: For economists, technology is everything that makes production of goods faster, better, or less…

Q: is the following statement true if f(x) = (-2)x, then f(a-1)/f(a-4) = 8

A: Given function: f(x) = (-2)x

Q: Daisy works for a candle manufacturer and has a great idea for a new product. She wants the candle…

A: The issue raised by Daisy's story has to do with product creation, pricing tactics, and possible…

Q: Hilton Enterprises sells a product for $119 per unit. The variable cost is $68 per unit, while fixed…

A: Break-even analysis entails calculating and examining the margin of safety for an entity based on…

Q: Fixed cost is $2600, variable cost per unit is $100 and selling price is $60. Find Break Even Point…

A: Total revenue is the total amount received by the producer after selling all units of output. Total…

Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…

A: Here's why Amazon should cut its price relative to the price in part a:Including e-book sales: When…

Q: CA fiscal year runs from Group of answer choices Oct 1, 2014- Sept 30, 2015 Apr 1, 2014 – Mar 31,…

A: The answer is - Apr 1, 2014 – Mar 31, 2015

Q: A manufacturer sells a particular product in both Brazil and the U.S.  In Brazil, the manufacturer…

A: a. The manufacturer currently sells 4,900 units per year in Brazil at a price of $200, with a…

Q: Cal Tech Inc. manufactures video games for "The Play Station III". Variable costs are estimated to…

A: GIVEN     Q = 1,000 - 4P 4P = 1,000 - Q P = 250 - 0.25Q

Q: If the MPC is .75, then the multipier is 4.  True or false?

A: Given MPC = 0.75 Multiplier = 4

Q: tc(q)=4800+5q** find the ATC ATC=TC/q

A: TC= TFC+TVC where fixed cost is independent of output produced whereas variable cost varies with the…