Use the information contained in the graph below describing a firm operating in a competitiveenvironment to answer the following question. If the graph described a firm that decides to produce,what would be the value of its profit, its deficit, or would it break even?$8$7$44030305050ONone of the answers are correct.120150

Profit/Loss CalculationThe formula for profit/loss is:Profit/Loss=(Price−ATC)×QuantitySubstitute the…

Answered: Use the information contained in the…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 26P: Sketch a diagram of how sustained budget deficits cause low economic growth.

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Connect Problem CP 33-11 (algo) Suppose the fictitious country of Islandia begins fiscal year 1 with no public debt. Tax revenues and government expenditures for the next five years are shown in the table below. Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 1 decimal place. Enter a positive number for a surplus and a negative number (-) for a deficit. a. Calculate the deficit or surplus for each fiscal year and record it in the table below. Year 1 2 3 4 5 billion Tax Revenues, Billions $ 114 119 118 119 121 percent Government Expenditures, Billions $115 121 124 123 119 b. At the end of fiscal year 5, what is the total public surplus or debt? $ Surplus or Deficit, Billions -1 -2 -6 4 2 c. Suppose GDP is $235 billion. What percent of GDP does the public debt represent?
D3) Why would banks use more equity to invest in their assets, knowing that it would scare off a lot of shareholders? What is wrong with this statement? Do they usually start using equity as investments when they can not use anymore money from depositors which forces them to use it? Are banks allowed to hold equity has an investment? One of your fellow students was specifically looking at the Equity Multiplier calculated from the Balance Sheet from your assignment for this week, which went up by a lot in only one year between 2019 and 2020. Why do you think this happened? "Bank equity capital is a source of funding for asset growth and also function to provide confidence for bank creditors that they will get their funds back."
1.4 A firm earning zero economic profits is probably suffering losses from the standpoint of general accounting principles. Do you agree or disagree with this argument? Explain why.
Sketch a diagram of how sustained budget deficits cause low economic growth.
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The Rochester Corporation The Rochester Corporation is a multinational import-export firm with headquarters in the New York, USA. It currently has thirteen offices located on foreign soil and plans to open seven more by the end of the year. Rochester is quite proud of the fact that it reached over four billion dollars in revenue last year. The officers of the corporation are expecting to net over six billion per year with the projected expansion.The Rochester Corporation considers it is a veteran when it comes to dealing with foreign government sand nations. The company maintains strict guidelines for employees and will only hire those who have expatriate experience of at least three years. The owners of Rochester attribute the company’s continued success to the experience and knowledge of its employees. In dealing with such a varied number of customers from virtually all major points in the world, the Rochester Corporation is subjected to many risks. Which one of the following would…
Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You Jackson Corporation has accumulated minimum tax credits of $475,000 from tax years prior to 2019. Required: If 2019 regular tax before credits is $210,000 and Jackson qualifies for general business credits of $13,000, calculate its allowable minimum tax credit for 2019.
(d) Suppose the demand function is p = 20 = x. At what price or output is the revenue maximum? What is the magnitude of the maximum revenue? Graph the revenue function and the marginal revenue function. Suppose that MC = 0; what is the profit - maximizing price and output? IMPORTANT NOTE: PLEASE DRAW THE REVENUE FUNCTION AND THE MARGINAL REVENUE FUNCTION IN A CHART. *** not an illustrating explaing how the chart will look like. I want the actual chart drawn. please.
12. Study Questions and Problems #12 In 2002, the federal government switched from running surpluses for a few years, in which the federal government spent less than it collected in taxes, to spending more than it collected as tax revenues (discussed in the next chapter). James Buchanan predicted over 30 years ago that growing government deficits would be inevitable. He maintained that government officials would increase spending for their constituents to gain votes. Furthermore, politicians would shy away from tax increases for fear of alienating voters. The net effect would be government deficits. True or False: Buchanan's prediction was primarily based on the special-interest group effect. O True O False
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Please no written by hand solutions Cody Sebastian, of Lubbock, Texas, earns $56,000 a year. He pays 18 percent of his gross income in federal, state, and local taxes. He has fixed expenses in addition to taxes of $2,000 per month and variable expenses that average $1,400 per month. What is his net cash flow (surplus or deficit) for the year? Enter negative values with minus sign. Round your answer to the nearest dollar. $ Cash surplus or deficit.

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