Q: The Zambino brothers enjoy a monopoly of the U.S. market for public fireworks displays for crowds…
A: Monopoly refers to the market where the single firm exists in the market. The cournot competition…
Q: Answer the question in the attachment.
A: Opportunity-cost is the cost(C) of next-best-alternative forgone. Economic-rent is the money…
Q: Write sources of financing for a building materials company?
A: Any business to operate/function requires funds, the tools used to acquire these funds are…
Q: What can people do to save money and grow their wealth? What should be the top priority when it…
A: Money: - anything that can be accepted as an exchange for goods and services is known as money.
Q: Demand Elasticity Continuum Inelastic Unit Elastic Elastic Less elastic More elastic Demand is…
A: Note: There are multiple sub parts of the question. We shall solve the first three sub parts for…
Q: A cell phone plan has a basic charge of $35 a month. The plan includes 400 free minutes and charges…
A: Given: The charge of a cell phone is = $35 a month Plan includes = 400 free minutes Charges for each…
Q: 3. Lesly Pacas borrows 300,000 pesos for 90 days at 12% per year to remodel her hair salon. She…
A: Given: Amount: 300000 pesos Period=90 days Interest rate at present=12% Interest rate a decade ago…
Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no…
A: Project cost = P250,000 Annual benefit (P) = P80,000 Interest rate (r) = 6% Period (n) = 10 Years…
Q: Because you understand the law of supply, you can deduce that the correct graphical representation…
A: Law of Supply states that other things being constant as the price increases, the quantity supplied…
Q: If the total utility from consuming seven units of a product is 336 and the marginal utility of a…
A: Total utility means the amount of total satisfaction that a consumer gets from consuming the goods.…
Q: Make flow chart of type of budget?
A: budget is a estimate expense and income for certain period of time
Q: Average Fixed Cost Average Variable Cost 0.00 S Average Total Cost 0.00 105.00 $ Total Product…
A: We know that the supply curve is the rising portion of the MC curve, which is over and above the…
Q: a. U(x,y) = 10 √ √xy. b. U(x, y) = xy. c. d. Which of the following utility functions represent the…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: The question is in the screenshots attached. It's part of some practice questions in my online…
A: Externalities occur when the action(s) of an individual or a firm affects other individual/firms and…
Q: Exercise 1.12. Consider the following game. There is a club with three members: Ann, Bob and Carla.…
A: Game theory refers to a mathematical discipline commonly applied to the analysis of interactive…
Q: Firm i High Price Low Price Firm 2 High Price Firm 2 Low High Price Low Price Price 45,25 25,is…
A: "Since you have asked multiple questions, we will answer only first question for you. If you have…
Q: The price elasticity chart shown here supports which of the following observations about the product…
A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…
Q: If consumption is $5 billion when disposable income is 0, and if the marginal propensity to consume…
A: When individuals work, they receive payment in exchange for labour. This payment is then used by…
Q: Refer to the table below to answer one question. Interest Rate Option March 2020 Cash 0.00% Checking…
A: The instrument that is being used by individuals to carry out day-to-day transactions which are…
Q: Why some companies avoid making up-front costs or payments?
A: Companies may require front costs / payments or back cost / payments. Some companies generally have…
Q: 3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three…
A: A B C House 145000 149999 165000 Farm 135000 130001 128000 Sculpture 110000 80000 127000
Q: What are some common examples of expenses?
A: To generate revenue, the business organizes many activities. The cost of doing these activities are…
Q: Identify 3 home related tasks and explain how demanding each one is
A: Home-related tasks are one of the most underrated and fall under unpaid and therefore unacknowledged…
Q: 2. Assume that equilibrium GDP (Y) is 18,000. Consumption (C) is given by the equation C =…
A: GDP is gross domestic product. GDP is the sum of consumption, investment, government spending and…
Q: How are wages affected in each case? New training programs provide students with the skills that are…
A: Wages are payments made to a worker for their service and usually remuneration is given on a hourly,…
Q: A distributor of fasteners is opening a new plant and considering whether to use a mechanized…
A: The point of indifference, also known as the breakeven point, is the level of production or sales at…
Q: 6. If the Marginal Cost for a product is found to be MC : as MR = 1200 and the cost of 8 units is…
A: d) For the output which maximizes the profit would be where MR=MC So,1200=8x+601140=8xx=142.5…
Q: 1. If the GDP deflator was 100 in the base year of 2018, and 105 in 2020, we can say that a the…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Look at the attached and help
A: Given: Total cost for capital = 4 units * $10 = $40 Total cost for raw materials = 5 units * $4 =…
Q: GDP Consumption $440 $450 490 490 540 530 590 570 640 610 Refer to the accompanying consumption…
A: Given: Gross investment = $34 billion The Lump sum tax = $30 billion To Find: The after-tax…
Q: NAME Megan Schuyler (2) Due 12/3/2022 Show work for credit! The demand for product Q is given by…
A: TR(Total revenue )is the amount that the seller earns by selling their product.TC(Total cost )is the…
Q: Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013…
A: CPI = (cost of basket in current year/cost of basket in base year )*100 The base year is 2013…
Q: Have you ever tracked your expenses? What benefits do you think doing this might have in your…
A: The costs incurred by people, companies, or organisations in order to carry out their activities or…
Q: e. What were the high and low prices for Goodyear yesterday? f. What was the price at which Goodyear…
A: [e] High and low per share is mentioned under the category mentioned Hi and Lo respectively Thus,…
Q: An analyst is given the data in Table 1 for the annual sales for Company XYZ, a maker of paper…
A: Given Intercept value =-94.88 Slope coefficient (industry sales) =0.2796 Interpretation of slope…
Q: The table shows the average income of households and the quantity demanded of products M and N at…
A: Income elasticity of demand is defined as the percentage change in the quantity demanded for a good…
Q: Economics The presence of co-insurance has the following effect on price elasticity of demand: a.…
A: When talking about co-insurance, it can be said that it is the amount of money paid by an insured…
Q: If a bank has total deposits of $9,000,000 and reserves of $3,000,000 Instructions: Enter your…
A: Reserve requirements are the sums of money held in reserve by a bank to ensure that it can meet its…
Q: Suppose there are two goods, x1 and x2, with unit prices p1 and p2. Consider a consumer with vealth…
A: (a) The objective of the consumer is to maximize his utility subject to the budget constraint. The…
Q: Use the following consumer data for housing, energy, and food purchased in the year(s) 2017, 2018,…
A: Consumer price index is an index to measure change in cost of basket of goods and services bought by…
Q: ATC Avc K FOR EACH DAGRAM, FIND R 1.Quantity Hi 2. Prce IN 3. TR 4. Cost per unit 5 TC A 13 E F
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: 2. Suppose the central bank of a country is worried about the economy overheating so it enacts a…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Chain-weighted Price Deflators (Index) for GDP 2012 = 100 (Base Year) Nominal GDP Year (in Billions)…
A:
Q: Use the information in the following table on labor productivities in Spain and Italy to answer…
A: Comparative Advantage is an economy's ability to produce a particular good or service at a lower…
Q: Why is it essential to keep a close eye on fixed expenses?
A: Fixed expenses or overhead costs are that part of production costs which do not fluctuate with the…
Q: Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a…
A: The balance of trade is the difference between the monetary value of exports and imports of a…
When can a business owner is earning a profit but not covering expenses?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![Economics Today and Tomorrow, Student Edition](https://www.bartleby.com/isbn_cover_images/9780078747663/9780078747663_smallCoverImage.gif)
![Economics Today and Tomorrow, Student Edition](https://www.bartleby.com/isbn_cover_images/9780078747663/9780078747663_smallCoverImage.gif)