Q1) Would you expect the short-run marginal propensity to consume to be different between farmers and government employees? Why or why not? (thorough explanation) P.S. no need for graph.
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- 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 DollarsAsap.. answer with step completely thanks..Explain well. Please give explanation. Thank you. Asap
- The table below shows the marginal benefit for various inputs. Assume that each level represents a $100 investment, and answer the following questions. (a) If you have an unlimited budget, how much would you spend on each input? Explain.(b) Now, assume you can spend a maximimum of $500. What would you spend on each inputnow? What order would you buy them in?(c) Finally, assume you can borrow as much as you want with an interest rate of 10%. How muchwill you borrow and how will you spend it if you have to pay back the loan within 1 year?Volume of Production Price (dollars) Total Production Cost (dollars) 10 1434 22841 30 991 26408 35 917 23781 45 1020 29675 70 703 38801 100 298 44834 4. Compute the slope of the demand curve. The potential answers are: A: -12.89 B: -10.5 C: -11.33 D: -14.28 E: -10.64 5. Compute the maximum potential sales quantity. The potential answers are: A: 127 units. B: 125 units. C: 105 units. D: 116 units. E: 168 units . 6. What percentage of total costs can be estimated based on the volume of production? The potential answers are: A: 69% B: 97% C: 91% D: 94% E: 92%of 20) - Goog e Chrome oho?attempt-18127038.cmid3D8792928pa NG SYSTEM (ACADEMIC) ples of Microeconomics Spring21 Time left 0:18:1 Which of the following statements is FALSE? O a. The maximum price people are willing to pay for one more unit of a good is its value. O b. Agood's marginal benefit is the maximum price people are willing to pay for another unit. O c. The value of one more unit of a good is the good's marginal benefit. O d. None of the above because all the statements are true. NEXT PAGE e to search Address DELL
- Course dashboard Soru 12 SCENARIO 1: You are the owner and the only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue Henüz cevaplanmadı of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business 4 üzerinden you invested an amount of your own capital that could pay you a return of $40,000 a year işaretlenmiş Refer to Scenario 1. Your economic profit last year was P Soruyu işaretle Lütfen birini seçin: O A. - $ 10000 O B. $ 30000 O C -$ 30000 O D.-$ 40000 O E$10000 SONRAKİ SAYFA ÖNCEKİ SAYFA1 As a principal trying to determine whether to spend $20 per student for access to an online textbook program, all I need to know is whether the marginal benefit for each student is greater than $20. Explain.QUESTION 9 A company charting its profits notices that the relationship between the number of units sold, x, and the profit, P, is linear. If 14 units sold results in $29 profit and 6 units sold results in $5 profit, find the marginal profit. Oa MP= 2 Ob 2 MP- OC MP 3 8 3 O d. MP=4 OMP=3