QUESTION 12 Which of the following product will have the most price inelastic demand? (Note: Meaning people are less responsiveness to a price change) O a. books b.meals in a restaurant. O. hot coca d. water

Q: VC FC TC AVC AFC ATC MC 0.00 3,780.00 NA NA NA NA 1 400.00 2 700.00 3 900.00 4 1,000.00 1,050.00…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 parts as per…

Q: Can you please answer all the question A through H.

A: A price taker is an individual/ firm with zero commands over the costs of labor and products sold…

Q: what about question g

A: Equilibrium price is a fundamental concept in economics that refers to the price at which the…

Q: How was TVC calculated?

A: TVC is total variable cost in a cost structure of a model. Total variable cost is showing the…

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: Question 15 and 16

A: Accounting profit is calculated as: =Total revenue - explicit cost=$5,000 - $4,250=$750 Where…

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: 10. Understanding marginal and average tax rates Using the information provided on the income tax…

A: The marginal tax rate is the additional tax income due to a change in tax liability. The marginal…

Q: how is the graph numbered? from what number to what number ?

A: The lowest production frontier is war-hit frontier. That reduces production of both sectors.The…

Q: Is there anything more I can add to make this answer worth 8 marks?

A: Investment increases the capital stock, and the amount of capital that is available to an economy is…

Q: I need typing clear urjent no chatgpt use i will give 5 upvotes

A: Approach to solving the question: we have used vector approach to solve the question by doing cross…

Q: Français OA) $100,000.00 B) $125,000.00 OC) $80,000.00 OD) $60,000.00 Font Size: A dwelling valued…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: where did you get 0.1235 from

A: We know that: X=-50000/P*Q By substituting values X=-50000/(P*(4.3103-1.39*ln P)) Since initial P is…

Q: When I entered my answer in my online math assigment it said it was wrong

A: We use this formula to solve the above problem: A = P(1 + r)t where A is the amount that you get…

Q: I need help with 4 and 5

A: Since you have asked to answer parts (4) and (5), we are answering only that for you. A government…

Q: Are you able to assist me with the last two questions?

A: The Gini coefficient determines income distribution across a population. Created by the Italian…