1A please follow instructions fill out graph. Assume that the hood being produced and sold is almonds measured in palettes. Follow word problem. Thanks show work The image contains a graph that illustrates the relationship between price and quantity, with two curves labeled “MC” (Marginal Cost) and “ATC” (Average Total Cost). ### Graph Explanation:- **Axes**: - The horizontal axis represents the quantity produced or sold, ranging from 0 to 55 in increments of 5. - The vertical axis represents the price, ranging from $0 to $105 in increments of 5.- **Curves**: - **MC (Marginal Cost)**: This curve generally slopes upward, indicating that the cost of producing an additional unit increases as the quantity increases. - **ATC (Average Total Cost)**: This curve starts relatively high, declines, reaches a minimum, and then begins to rise again, showing the typical U-shape reflecting economies and diseconomies of scale. The point where it crosses the MC curve is of particular importance, often representing the efficient scale of production. - **Intersection Point**: - The curves intersect at a point labeled “I,” usually significant as it represents the price and quantity where the marginal cost equals the average total cost.This graph is a typical representation used in economics to discuss concepts such as cost curves and optimal production levels. It’s an essential tool for understanding how firms determine pricing and output decisions to maximize efficiency and profit. **Task: Determine the Profit Maximizing Level of Output**1. **Objective:** Determine the profit maximizing level of output when the marketing price for the good is $75 per unit.2. **Instructions:** - Show this on a graph by making a drawing (use a straight edge). - Write the estimated quantity (a good estimate) below the graph. *Note: A graph should be included to visually represent the profit maximizing output level as per the given price.*

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Answered: O Determine the profit maximizing level…

O Determine the profit maximizing level of output when the marketing price for the good is $75 unit. -show this on graph by making. drawing (straight edgej write # (good estinate) below graph

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question: Explain the concept of supply and demand and how they interact to determine prices and quantities in a market.Please Dont use AI tool.
a. Estimate the demand equation for the product. Month Price Amount January 18 50 February 16 55 March 14 60 April 12 65 May 10 70 June 8 75 b. Estimate the supply equation that the product presents. Month Price Amount January 10 70 February 11 90 March 12 110 April 13 130 May 14 150 June 15 170 c. If that buyer and seller of the above data come together in a market, will it be possible for the breakeven point to be obtained? Use the graphical and mathematical process to find the solution
II. Give an example of a product based on Consumer or household Goods Classification PRODUCTS CONVENIENCE GOODS SHOPPING GOODS SPECIALTY GOODS UNSOUGHT GOODS
MICROECONOMICS Questions 3 ( ALL OF IT IS ONE QUESTION!!!) For article 3 write the number of the graph that best describes what happened. Fill in only the appropriate boxes in the chart for article 3 and be sure and indicate if it is an increase or a decrease. For the graph use an arrow to indicate an increase or a decrease. Make sure you fill in the graph PLEASE Leave it blank if there is no change Masks (Now). The easing Covid-19 pandemic is expected to reduce demand for medical masks this year, joining a group of companies that have forecast a decline in business from Covid-19 prevention. Masks became a billion-dollar business for the St. Paul, Minn., manufacturer starting in 2020, when the virus’s rapid spread sent consumers and healthcare workers looking to secure facial coverings to try to avoid infection. Now, as the latest U.S. surge caused by the Omicron variant fades, 3M said they are seeing slowing mask sales. WHICH GRAPH BEST FITS THE ARTICLE. Graph # Graph…
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?…
5 "XYZ" is a company that produces shoes. if the cost of production of one unit it 12$, Do you believe XYZ selling the shoes at 20$ would be a great strategy?. Explain
Answer all as they are subparts and get like don't upload any graph. Hand written solutions are strictly prohibited.
Travel Time Each Way Price of a Dress Store (Minutes) (Dollars per dress) Local Department Store 15 100 Across Town 30 86 Neighboring City 60 63 Juanita makes $56 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $56 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Price of a Dress Total Cost Opportunity Cost of Time (Dollars) (Dollars per dress) (Dollars) Store 100 Local Department Store 86 Across Town 63 Neighboring City 10:57 PM 36 F Clear 2/27/2022
plz solve both parts within 30-40 mins I'll give upvote
QUESTION 20 1.00- mand 130 200 Quantity Refer to the diagram. What is the highest price that buyers will be willing and able to pay for 100 units of this product is: For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph 14px A v ... Arial O WORDS POWER Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL