(Table: Total Cost and Output for All-Natural Frozen Yogurt) Use Table: Total Cost and Output for All- Natural Frozen Yogurt, which describes Sasha's total costs for his perfectly competitive all-natural frozen yogurt firm. How many tubs of frozen yogurt will Sasha produce in the long run? Table: Total Cost and Output for All-Natural Frozen Yogurt Output Total Cost 0 $10 1 60 2 80 3 110 4 170 5 245 02 3 4
Q: A monopolist has a constant marginal cost of 12. Consumers' inverse demand is P = 32 - 4Q. The…
A: (a) Gain in the firm's profits caused by the advertising campaignProfits Before Advertising…
Q: Topic: Gradient Geometric A self employed individual, Jimmy Carpenter, is opening a retirement…
A: Part 2: ExplanationStep 1: Calculate the future value of the retirement account at the end of 20…
Q: relationship between marginal and average costs Consider the following scenario to understand the…
A: Part 2: Approach to solving the questionTo understand the relationship between marginal and average…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: The correct answer is 3. Tax producers by the amount DE per unit. The graph shows a supply and…
Q: Can I have help please. I think it is positive externality. negative externality…
A: Approach to solving the questions above:To determine whether a situation represents a positive or…
Q: 9. Suppose a perfectly competitive firm is maximizing its profit in the short run. At its profit…
A: Part 2: Approach to solving the questionIn a perfectly competitive market, firms are price takers,…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: he current equilibrium price level is 100 and the level of real GDP is $215.The aggregate supply…
Q: please help me with 5. Thank you
A: a. A permanent rise in the money supply by the Bank of Korea will cause the money supply curve in…
Q: 2. Budget philosophies There are several important philosophies regarding budget balances. One way…
A: The appropriate response to the query is:Finance that worksFunctional finance emphasizes full…
Q: None
A: The changes for Firm C:Output Effect: The output effect relates to the increase in profit due to the…
Q: Image upload answer is not allowed please
A: The answer choice β^0=10 and β^1=−3 is most likely the right option in OLS regression.Ordinary…
Q: Question 2 (1 point) Si un petit pays a un PIB nominal actuel de 20 milliards de dollars et un…
A: The objective of the question is to calculate the real GDP of a country given its nominal GDP and…
Q: Assume that the demand curve D(p) given below is the market demand for widgets: Q = D(p) = 914 -…
A: The equilibrium price and quantity for the widget market can be determined as follows: At…
Q: Suppose that the money supply and the nominal GDP are 100 billion and 500 billion respectively. If…
A: According to the monetarist perspective, there is a direct relationship between the money supply and…
Q: If the economy depicted in this graph is in short-run macroeconomic equilibrium at E₁, it is in…
A: The image you've provided depicts a macroeconomic graph showing an inflationary gap. This is…
Q: A R1000 tax payable by all adults could be viewed as both a proportional tax and a regressive tax.…
A: I agree. A flat R1000 tax levied on all adults can be seen as both a proportional tax and a…
Q: Interpret what fy (20,30). Explain using generic units. The increase (decrease) amount made when____…
A: The notation fy (20,30) typically refers to a function 'f' of a variable 'y' evaluated at the points…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: I hope these suggestions and recommendations help you with your assigned tasks. Have a great day…
Q: Real GDP can grow/increase for two reasons, but which one represents economic growth? ○ The economy…
A: The objective of the question is to identify which of the given options represents economic growth.
Q: Mainstream economists support A) adoption of a monetary rule for increases in the money supply. B)…
A: The majority of mainstream economists support the application of fiscal policy as a tool to…
Q: Suppose that a car - rental agency offers insurance for a week that costs $125. A minor fender…
A: To develop a utility function for a risk-averse person, we can use a utility function that reflects…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Given that price (P) is greater than the average variable cost (AVC) and less than the average total…
Q: The hero pro expert Hand written solution is not allowed please
A: Given:The budget for TV commercials is $26,000,000The cost per spot for The Masked Singer is…
Q: The image upload answer is not allowed.
A: Step 1:a)At price 0.20, quantity demanded is 300Each firm supplies 100 units. So,300/100 = 3 firms…
Q: The tragedy of the commons would not exist if people correctly recognized their private costs and…
A: The answer that addresses the tragedy of the commons is:c) there was a way to discern and charge for…
Q: O Macmillan Learning The graph represents consumption (C) as a function of disposable income (DI).…
A: Remember the formula:MPC = Change in consumption (C) / change in disposable income (DI) Looking at…
Q: Birth weight and smoking during…
A: 1)The Average Birth Weight is 3211.81 2)The average value of Birthweight for mothers who smoke…
Q: A company emits 520 tons of dangerous chemicals annually. It has two options for reducing its…
A: The objective of the question is to determine which option will save the company the most money by…
Q: 5 4 BC 2 3 BC 1 B 2 1 2 3 5 IC 2 IC 1 Refer to the Figure. Assume the consumer depicted in the…
A: The price effect typically breaks the effects of a price change into a substitution as well as…
Q: Initially, the banking system has a required reserve ratio of 30.0 percent, $150,000 in total…
A: InitiallyRequired reserve ration (RR) = 30% = 0.30Deposits (D) = $150,000The reserve that bank keeps…
Q: A piece of equipment bought for $50,000 at MKBK Systems is being depreciated using the Straight-Line…
A: The objective of this question is to calculate the income tax that MKBK will owe on the sale of the…
Q: The profit maximization rule states that a firm should produce a level of output where the marginal…
A: The idea that profit maximization happens when the marginal revenue equals marginal cost is…
Q: Below is a table with data on consumption and income. The table also contains information to…
A: let's get the slope:first we need the total of (xi-x̄)(yi-ȳ) and ( xi-x̄)2(xi-x̄)(yi-ȳ)= 0 + 0 + 2 +…
Q: 14 You need to estimate the value of Laputa Aviation. You have the following forecasts (in millions…
A: Given information , Cost of debt(Kd)=6%Cost of equity(Ke)=20%Weight of debt(Wd)=50% or 0.50Weight of…
Q: Answer in all part
A: Approach to solving the question:Elasticity coefficient is an economic measure that is used for…
Q: Image upload solution is not allowed
A: Step 1:The balance of payments (BOP) is a financial statement that summarizes a country's economic…
Q: Consider the preferences represented by the following indifference curves. These preferences are…
A: The given indifference curves represent straight lines, which suggests perfect substitutability…
Q: Suppose yao + a₁yt-1 + ut, and u₁ = put-1 + et and et is serially uncorrelated with es where st. (a)…
A:
Q: I received an incorrect, can you explaint to me the correct answers.
A: 1. Statement A is incorrect.At price P the firm is making a profit of PKLP1 shaded in green color in…
Q: Am. 103.
A: a)The Marginal Resource Cost (MRC)refers to the additional cost incurred by a firm when it uses one…
Q: Consider the decisions of a representative consumer whose preferences are given by: u(C,1) = In C+…
A:
Q: Refer to the diagrams. The firm: Group of answer choices A) has a principal-agent problem. B) has a…
A: 1. Understanding the Firm's Demand for Labor**: - The firm's labor demand curve typically…
Q: None
A: Looking at the graph:If the government imposes a price ceiling at $6, it would be binding if it…
Q: ICE (Dollars per scooter) 3. How short-run profit or losses induce entry or exit Citrus Scooters is…
A: Profit maximization for a monopolistically competitive firm is when MC=MR and extended to demand…
Q: 1000 900 $00 700 600 500 400 300 200- 100 MC ATC MR 5 10 15 20 25 30 35 40 Quantity Refer to the…
A: Answer: In monopoly market there are two important conditions of equilibirium (a)MR=MC…
Q: Reserves hell by banks at the Fed According to the data below, M2= Currency $120 billion $800…
A: Step 1:Because M2 money supply includes those monies that are very liquid such as cash or currency,…
Q: The graph below depicts an economy where an increase in aggregate demand has caused inflation.…
A:
Q: Jon has an inverse demand function p=30- Q for a good. How much at most is Jon willing to pay for 8…
A: The inverse demand function of Jon is p = 30 - QQuantity demanded (Q) = 8 The total cost can be…
Q: on 5 ed out of A book that sounds just perfect for me, Kate Raworth's Doughnut Economics is…
A: Detailed explanation: Price Discrimination: This refers to a strategy where a seller charges…
Q: do fast i will 5 upvotes. no use chatgpt answer.
A:
Step by step
Solved in 2 steps
- How would an improvement in technology, like the high-efficiency gas turbines or Pirelli tire plant, affect me lung-nm average cost curve of a firm? Can you draw the old curve and the new one on the same axes? How might such an improvement affect other firms in the industry?A computer company produces affordable, easy-to-use home computer systems and has fixed costs of 250. The marginal cost of producing computers is 700 for the first computer, 250 for the second, 300 for the third, 350 for the fourth, 430 for the fifth, 450 for the sixth, and 500 for the seventh. Create a table that shows the companys output, total cost, marginal cost, average cost, variable cost, and average variable cost. At what price is the zero-profit point? At what price is the shutdown point? If the company sells the computers for 500, is it making a profit or a loss? How big is the profit or loss? Sketch a graph with AC, MC, and AVG curves to illustrate your answer and show the profit or loss. If the firm sells the computers for 300, is it making a profit or a loss? How big is the profit or loss? Sketch a graph with AC, MC, and AVG curves to illustrate your answer and show the profit or loss.Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the firm produces a quantity of 5 units that it sells for a price of 25 each. What will be the companys profits or losses? How can you tell at a glance whether the company is making or losing money at this price by looking at average cost? At the given quantity and price, is the marginal unit produced adding to profits?
- Why will firms in most markets be located at or close to the bottom of the long-run avenge cost me?Bob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for $60 per month and this is his fixed costs. His variable cost per month is given in the accompanying table. Quantity of Blu-rays Variable Cost 10 200 20 380 30 540 40 720 50 920 60 1140 70 1380 80 1640 Assume that Bob can only ptoduce the quantity listed in the table. Assume current market price is $21, what's Bob's profit? O 70 130 Need more information to tell.Microeconomics Q193515 Deadline passed If the price (P) of maple syrup is $4.00 per can, average cost (AC) is $4.50 per can and average variable cost (AVC) is $3.00 per can, then to maximize profit or minimize loss the firm should: Answer approved2$1 Will be moved to archive within about 9 hours. Microeconomics Q194159 4 hours 26 min 1. Briefly discuss two major differences between the theory of perfect competition and the theory of monopoly. 2. What reasons make the demand curve of a perfectly competitive firm completely horizontal? Only state. 3. Represent the information below in an appropriately labelled diagram with the relevant curves, and decide whether the firm should continue production or shut down in the short run, using calculations. A perfectly competitive firm produces 100 mugs to maximize its profit. The average total cost (ATC) is 13 taka per mug and the average fixed cost (AFC) is 4 taka per mug when the firm produces 100 mugs. The…
- 5. Profit maximization and shutting down in the short run Suppose that the market for wind chimes is a competitive market. The following graph shows the daily cost curves of a firm operating in this market. IMG 1 For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce. (Hint: You can select the purple points [diamond symbols] on the graph to see precise information on average variable cost.) *Points on the purple line are (1, 14) (4, 10.5) (6, 10) (8, 10.5) (12, 16) (15, 24) (18, 34) IMG 2 If the firm shuts down, it must incur its fixed costs (FC) in the short run. In this case, the firm's fixed cost is $44,000 per day. In other words, if it shuts down, the firm would suffer losses of $44,000 per day until…What is the relationship between a firm’s supply curve, its marginal cost curve, and its average variable cost curve? and pls give example/scenario.Tips ips The following graph plots daily cost curves for a firm operating in the competitive market for instant pots. 100 PRICE (Dollars per instant pot) 8888 2 2 2 2 10 o ATC AVC MC ㅁㅁ 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of instant pots) Using the following table, for each price level, calculate the optimal quantity of units for the firm to produce. Using the data from the graph to determine the firm's total variable cost, calculate the profit or loss associated with producing that quantity. Assume that if the firm is indifferent between producing and shutting down, it will choose to produce. (Hint: Select purple points [diamond symbols] on the graph to receive exact average variable cost information.) Price (Dollars per instant pot) Quantity (Instant pots) Total Revenue (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Profit (Dollars) 25.00 1,600,000 70.00 1,600,000 100.00 1,600,000 If the firm shuts down, it must incur its fixed costs (FC) in the short run. In…
- 2. The following table depicted a computer manufacturer's total cost of producing computer: Quantity Price 500,000 1 540,000 560,000 3 570,000 590,000 620,000 660,000 7 720,000 8 800,000 9. 920,000 10 1,100,000 b) For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC). What is the minimum-cost output? unestion 4 of 30 Each graph illustrates three short run cost curves for firms, where ATC is average total cost (aka average cost), MC is marginal cost, and AVC is average variable cost. Which graph correctly represents the relationship between all three cost curves? О Cost MC Cost ATC MC ATC AVC AVC Output Output Cost MC Cost MC АТС AVC AVC АТС Output Output 8:14 PM 回节 回 46°F 12/15/2021 近Hi, Please help in sloving the attached question. Thx,