Table (a) shows the cost data for Farmer Mill, a barley farmer. Round your answers to 2 decimal places. a) Complete table (a). Total Variable Cost (5) Average Total Cost (S) Average Variable Cost (S) Total Cost (S) Marginal Cost (S) Quantity 14 1 14 6 6 2. 18 10 4 24 16 533 4 32 24 42 34 8.4 6.8 10 54 46 7.67 12 68 60 8.57 14 b) What are the values of the break-even and shutdown prices? Round your answer to 2 decimal places. Break-even price: $| Shutdown price: [ c) Given the prices shown in column 1 of the following table, complete columns 2, 3. 4, and 5. (Assume that partial units cannot be produced.) |(1) (2) (4) (5) (6) (7) Total Quantity Demanded (8) Total Total Total Revenue(S) Total Profit(+)/ Loss(-)(S) Quantity Supplied 1 Quantity Supplied 2 Price(S) Output Cost(S) 672 21 24 -3 576 36 31 480 11 55 42 13 384 13 96 54 18 288 d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills. Show the total supply in

Table (a) shows the cost data for Farmer Mill, a barley farmer. Round your answers to 2 decimal places. a) Complete table (a). Total Variable Cost (5) Average Total Cost (S) Average Variable Cost (S) Total Cost (S) Marginal Cost (S) Quantity 14 1 14 6 6 2. 18 10 4 24 16 533 4 32 24 42 34 8.4 6.8 10 54 46 7.67 12 68 60 8.57 14 b) What are the values of the break-even and shutdown prices? Round your answer to 2 decimal places. Break-even price: $| Shutdown price: [ c) Given the prices shown in column 1 of the following table, complete columns 2, 3. 4, and 5. (Assume that partial units cannot be produced.) |(1) (2) (4) (5) (6) (7) Total Quantity Demanded (8) Total Total Total Revenue(S) Total Profit(+)/ Loss(-)(S) Quantity Supplied 1 Quantity Supplied 2 Price(S) Output Cost(S) 672 21 24 -3 576 36 31 480 11 55 42 13 384 13 96 54 18 288 d) Suppose that there are a total of 120 farms in the barley market, including and identical to Farmer Mills. Show the total supply in

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Hand written asap i'll rate
4
Jack and Diane work at a bakery. Jack can make either five batches of cookies or two cakes per hour, while Diane can make either four batches of cookies or three cakes per hour. At 9:00 a.m. they receive an order for 24 batches of cookies and nine cakes. What time is the soonest they can have the order ready?
bottom is the question, top is a part to the solution one of he chegg tutors wrote down. In WHAT WORLD does 100/1000=0.01 IT DOESN'T. 100/1000 = 0.1 to the power of -2 is 100 NOT 1000 so CAN SOMEONE PLEASE PLEASE correctly solve this. This is my third time posting it like jesssusssss
Q72
Company X is going to buy a total of 4 ads. They are going to advertise in the newspaper or on the radio. The more ads they buy the more customers they have based on the following schedule. Number of Ads Total new customers from newspaper ads Total new customers from radio ads 0 0 0 1 100 200 2 180 320 3 220 390 4 240 400 In this case, the best strategy is to buy newspaper ads and radio ads. Enter whole numbers.
Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
Kobmison Crusoe spends 4 hours a day catching fish and picking coconuts. He can always cateh 2 umioer of coconuts he eats per day and Fis the number of ish he eats per day, How many fish will he choose to eat per day? F= 2LF or -2/.
Marke is 22 years old, and has just been offered a job as manager of a clothing store in a nearby mall. Mark is confident he can make a profit for several reasons. He has always been interested in fashion and knows what clothes are popular. He paid his way through college by working at several small stores, and thus picked up practical experience. In addition, Mark studied buying and selling in school. His business courses taught him the basic techniques for running stores profitably. If the store makes enough profit, Mark is sure he will get a large bonus at the end of the year. Basic Economic Questions From what you have read, fill in the chart below with examples that show how each economy would answer the basic economic questions. Economy What and how much should What type of Who should How should Who should share in what produce what? goods and services be produced? economic be produced? is produced? system is described? Mark's:
Please no written by hand and no emage Two classmates A and B are assigned a group project. Each student can choose to Shirk or Work. If one or more students chooses Work, the project is completed and provides each with credit valued at 4 payoff units each. The cost of completing the project is that 6 total units of effort (measured in payoff units) is divided equally among all players who choose to Work and this is subtracted from their payoff. If both Shirk, they do not have to expend any effort but the project is not completed, giving each a payoff of 0. The instructor can only tell whether the project is completed and cannot determine which students contributed to the project. A. Write down (draw) the normal form game, with payoff in the format of (player A payoff, player B payoff). Note that we assume students choose to Shirk or Work simultaneously. B. Does either player have a dominant strategy? C. Find the Nash equilibrium or equilibria. D. Explain ‘Prisoners’ dilemma’ using the…
There are 2 players. They take Ston eS From the Pilt of 6 Stones. Player 1 can takt only 2 or 3 Stones. piayer 2 can taKeS only 2 or 4 StonesS. P layers take turns, observe dil Previous moves, and player 1 mover first. A pla yer loses if She can not make a legal move, While another player ir declared the Winner. Let the pay oF OF Winning egval to 1 and the payoFF OF losing equal to 0. a) represent the in ɛxtemsive Form (depict Only legalmoes) b) Find all SPNE OF this game& explain your a mwwer. Who Will Win ? game Only legalmar)
ponse SQUCOFFEE - Goo.. Google äazi SQU paga ic gaall Jija M POMG2710 You are a member of an advertising campaign for a new product in your 1 point company. In spite of your members' excitement, there are some uncertainties worrying you about the new product. You are hesitant to share your concerns because you do not want to disapprove the group's idea. Also, your supervisor seems to be among the excited members. Therefore, you decide to ignore your individual concerns and carry on along because you respect them and don't want to embarrass anyone by explaining your worries and presenting any questions. In addition, you don't want to spoil their happiness. This is called Groupthink Slander defamation O Free riders O Self-oriented roles