Question 24 A short-run relationship between firm output Q and total cost TC is given in the table below. Q 10 1 2 3 4 15 6 7 8 19 TC 12 27 40 51 61 70 80 91 104 What is the total fixed cost of production of this firm? 120

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: 1) "According to the midpoint method, the price elasticity of demand between points A and B is…

Q: need the anwser asap. thank you

A: b. Consumer surplus:Consumer surplus is the difference between the price consumers are willing to…

Q: What are two guidelines the manager should keeo in mind with measuring the maginal cost correctly?

A: Marginal cost is the additional cost incurred by producing one additional unit of a product or…

Q: Find the savings when the income is 80 and the consumption is 60

A: Generally in the given question, Income value is = 80 Consumption value is = 60 Savings = ? Needed

Q: a) Suppose that Ben and Wil compete in prices and set prices simultaneously (i.e. assume Bertrand…

A: examine the pricing strategies of Ben and Will. Given that both compete on price and set their…

Q: Mika eams $340 per week which she spends entirely at the grocery store. purchasing either food or…

A: Given: Income=$340 Price of food = $1  Price of alcohol =$4Food Stamps =$65

Q: So what is the opportunity cost of producing one more cake if we move from combination C to…

A: The objective of the question is to calculate the opportunity cost of producing one more cake when…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: How did you compute 7.2%?

A: Stay-even analysis shows if your change in price is viable or profitable or not. The formula for…

Q: What does the AE method provide?

A: The investment expenditure is an important component of the aggregate demand in the economy. It is…

Q: Please help me create a research question on economic for someone pursuing economic to research.

A: Research question concise, clear and focused statement which research sates in order to investigate…

Q: 20+100+200000

A: 100+20+200000120+200000200120

Q: Sheryl's preferences for consumption and leisure can be expressed as U(C, L) = (C – 100) × (L– 40).…

A: We are given the following information- Sheryl's preference for consumption and leisure is expressed…

Q: Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices…

A: Revenue is defined as the income of the company. The revenue generated is done from two sources…

Q: what is the d than?

A: Price ceiling:It is a situation when the government controls the prices of goods and services to…

Q: Provide a brief description of what a Solar panel Tech does.

A: Because of solar panel tech,solar energy can be converted into electricity. Solar panels are used on…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: Suppose the imposition of a $2-unit tariff on X leads to a fall in the international price of X from…

A: An imposition of a unit tariff refers to the levying of a fixed amount of tax or duty on the import…

Q: 202- SB A graph showing price and quantity per month.... Price $1000 1600 1400 1200 1000 800 000 400…

A: Demand is amount of a good that consumers are willing and able to purchase at different…

Q: San Francisco has rent control policies that limit the annual increase in rent by 2-3% (sometimes…

A: San Francisco's rent control laws would probably be repealed, which would have a number of effects…