Q: Which of these best represent a planned approach and which best represent a market approach? Planned…
A: The market approach determines the value of an asset based on the market selling price of assets…
Q: How does a sudden decrease in consumer confidence due to a significant political event impact the…
A: Consumer confidence refers to how optimistic or pessimistic consumers are about the economy's…
Q: The yield to maturity is%. (Round your response to one decimal place.)
A: Yield to maturity (YTM) is the total rate of return that will have been earned by a bond when it…
Q: Please explain in 75 words or more the following TRUE or FALSE questions. Answers need to be…
A: When steel manufacturing generates a negative externality, together with air pollution or depletion…
Q: Assume that a country's population is 85 million. The number of employed people is 65 million, and…
A: You must be actively looking for work in order to be unemployed. According to BLS rules, you are not…
Q: What does the point A in the graph represent? LRAS P PA A RGDPA AD RGDP A. An excess in aggregate…
A: Long-run aggregate supply indicates the potential output or full employment output. When aggregate…
Q: Questions A.12-A.17: Here is cost data for a single firm in a competitive industry. Apply the MR-MC…
A: Total revenue determines the amount earned from the quantity produced.Economic costs involve not…
Q: ? Q.38 Tiara Enterprises (TIEN) has just announced its plans to establish a facility in New York,…
A: Q.38The choice by TIEN to build a facility in New York and use debt to pay for the expansion poses a…
Q: "I know that it's the thing to do," insisted Pamela Kincaid, vice president of finance for Colgate…
A: Calculate NPV of the project with discount rate of 14% and20%.
Q: When per capita income in Alabama increased by 5%, undergraduate enrollment at UAB rose by 2%. The…
A: The income elasticity is calculated as the percentage change in quantity demanded divided by the…
Q: ction Combination A P L I E D C Units of Bracelets 0 10 20 30 40 50 60 70 Units of Rings 205 200 194…
A: This curve shows the maximum output produced with given resources and existing technology in the…
Q: w = By+ (1-3) b), if labor productivity (y) falls then market tightness unemployment Falls;…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Assume that cost and productivity remain constant. Round your answers below to 2 decimal places. a.…
A: Production possibility: - production possibility shows the different combinations of output that can…
Q: P 23 19 4 20 26 What's the amount of the tax? 4 15 19 cannot be determined S+ tax S Q
A: The demand curve is the graphical representation of the quantity demanded by consumers at different…
Q: Video Link: https://youtu.be/SG8DCgjkGzY The opening of the video, Global Mind: The Future of…
A: The expression "globalization" was first used by economist and Harvard Business School instructor…
Q: Please draw and upload an externality graph for the "Truck Tire" market in the US. Use the data…
A: An externality is a condition in economics, which represent a situation of cost or benefit to the…
Q: 1. Suppose that a representative individual has the following utility function U(x,y) = xy® The…
A:
Q: Suppose the demand for a product is given by Q-83-8P, supply is given by Q=35+9P. Calculate the…
A: Demand = 83 - 6PSupply = 36 + 9P
Q: The following graph shows the loanable funds market. For each of the given scenarios, adjust the…
A: The market for loanable funds is an economic concept that shows the interaction between borrowers…
Q: Explain how MRS = MRT is derived for consumers who want to maximize their well-being utility subject…
A: MRS stands for marginal rate of substitution, and it measures the rate at which a consumer is…
Q: Given: 8.5K 1 2 3 4 ? solve using the economic tables, use a 10% interest rate. show all steps
A: The interest rate =10%At time 0, cash flow is 8.5KSo the present value is 8500We need to find future…
Q: 1) Complete the following table: Output 10 2 3 4 56 Total Cost 50 60 75 100 150 225 400 Variable…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: distribution is symmetric about zero. We want to study what we can say about the OLS estimator if we…
A: The OLS (Ordinary Least Squares) estimator is a commonly used method to estimate the parameters in a…
Q: 1. Suppose that a representative individual has the following utility function U(x,y) = xy The price…
A:
Q: A monopoly faces the demand curve P=12-0.50, where P is measured in dollars per unit and Q in…
A: We have given the monopoly demand curve P=12-0.5QHere Q is the quantity (in thousands) The average…
Q: Price ($) 0 1 2 3 4 5 6 7 8 Quantity 56 48 42 35 28 21 14 7 0 Instructions: Round intermediate…
A: The elasticity of demand refers to the responsiveness of quantity demanded with respect to a change…
Q: (A) From the Graph HWI-Q1, please construct the direct linear Qs (P) and Qd (P) functions (assuming…
A: Supply and demand are important ideas because they influence market price and quantity balance. It…
Q: If there were 10 firms in this market, the short-run equilibrium price of ruthenium would be $ would…
A: Market demand means the quantity of goods that all the consumers in a market are willing and able to…
Q: Give an explanation of how the mechanism of action of the system!
A: A system can be understood as a collection of interconnected components that work together to…
Q: What is the capitalized cost of the machine with an initial cost of P250,000 maintenance cost of…
A: Capitalized cost refers to the total cost of an asset or investment that includes both its initial…
Q: Sarah purchased an individual medical expense insurance policy that included a $250 deductible and…
A: In an insurance industry, the sharing of costs between an insurance provider and the insured…
Q: #3 Suppose Shia has the utility function U(x₁, x₂) = 6x₂ + (½¼/₂)x₂. a) Which of the following…
A: U=6X1 + 1/2 X2U(4,4)= 6*4 + 1/2 *4 = 24 +2 =26U(4,2)=6*4 + 1/2*1 = 24 +1 =25U(2,4) = 6*2 + 1/2*4 =…
Q: Determine the effect (up, down, or no change) of this false belief on each of the following: Current…
A: The analysis of fiscal policies by the government at the macro level is done through many…
Q: Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers…
A: The Union and the people it represents are the beneficiaries of the argument. If imports are halted,…
Q: (a) How large is the money supply (M1)? (b) How large would the money supply be if the banks fully…
A: Money supply implies the total amount of money circulating within an economy at a given time. It…
Q: Recall that a consumer with utility has Marshallian demand u(x1, x2) = min{x₁,2x2} x(p, w) = W 2w…
A: The money metric utility function describes the income that is needed to maximise their utility such…
Q: Perfect Population Projections Incorporated (PPP) has entered into a contract with the city of…
A: Projected popular population refers to the estimated or forecasted population of the city of…
Q: For a demand schedule, which of the following is held constant? a. relative prices b. nominal…
A: Market supply and demand are important ideas because they influence market price and quantity…
Q: Suppose we have the following short-run model. Resource constrain is Y₁ = C₁ + I + G₁ + EX₁ - IM₂…
A: IS curve represents the relationship between the real interest rate and the level of output that…
Q: If the data analyst hypothesizes that grocery sales are higher when payment is made using credit…
A: The question asks about the null hypothesis in a situation where a data analyst hypothesizes that…
Q: a. If investment is x, draw the aggregate expenditure function (which depicts total consumption plus…
A: Consumption functionIt is closed economy with no government expenditure.Investment level is .
Q: appraisal the political, economic, and social risks of Malaysia with respect to oil and gas…
A: The Asian economy distinguishes out due to its rapid progress, intellectual breakthroughs, and…
Q: Why do you think some people think of superheroes as American mythology? Do you agree? Why or why…
A: Yes, I agree as superheroes reflect the collective nature of the society, their ideals what makes a…
Q: A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve…
A: The reservation price, also known as the reservation value which is the highest price a buyer is…
Q: What is the US GDP for the first quarter and second quarter of 2020? What is the personal…
A: GDP is the total value of all final goods and services produced within a country's borders during a…
Q: What forecast should Raul provide to his manager?
A: Price elasticity of demand is a measure of the responsiveness of the quantity demanded to a change…
Q: Download the article: RECENT FINANCIAL FAILURES IN THE CARIBBEAN - WHAT WERE THE CAUSES AND WHAT…
A: The Caribbean economy's main industries include tourist attractions, food production, and worldwide…
Q: Do you think Man of Steel accurately reflects the immigrant experience? Why or why not? Do you agree…
A: "Man of steel," the 2013 film proposing Superman, does include elements that can be interpreted as…
Q: California: The nation's most unequal state In California, researchers found, it really matters…
A: Labor demand and supply refer to the dynamics of the labor market, where employers demand workers…
Q: Sample figure of AD curve has negative slope
A: Aggregate demand:Aggregate Demand is when the total number of consumers have the desire to buy…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
- The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be scored on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per unit) 100 TOTAL REVENUE (Dollars) 90 80 20 10 0 1250 1125 1000 875 750 625 500 On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 40, or 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. 375 250 125 + 0 0 0 Demand 5 10 15 20 25 30 35 40 45 50 QUANTITY (Units) + 5 20 10 15 25 30 35 QUANTITY (Number of units) 40 Graph Input Tool Market for Goods 45 50 Quantity Demanded (Units)…(b) You are the CEO for a lightweight compasses manufacturer. The demand function for the lightweight compasses is given by p = 40 – 4q²where q is the number of lightweight compasses produced in millions. It costs the company $15 to make a lightweight compass. (i) Write an equation giving profit as a function of the number of lightweight compasses produced. (ii) At the moment the company produces 2 million lightweight compasses and makes a profit of $18,000,000, but you would like to reduce production. What smaller number of lightweight compasses could the company produce to yield the same profit? Problem зFind average revenue if total revenue is $4400 and output is 22
- An exclusive Yoghurt manufacturer sells 4,000 gallons per month at a price of GHS 40 each. When the price is reduced to GHS 30 sales increase to 6,000 gallons per month. Calculate the change in revenue due to the change in price.(b) You are the CEO for a lightweight compasses manufacturer. The demand function for the lightweight compasses is given by p = 40−4q2where q is the number of lightweight compasses produced in millions. It costs the company $15 to make a lightweight compass. (i) Write an equation giving profit as a function of the number of lightweight compasses produced. (ii) At the moment the company produces 2 million lightweight compasses and makes a profit of $18,000,000, but you would like to reduce production. What smaller number of lightweight compasses could the company produce to yield the same profit?The following graph illustrates the weekly demand curve for motorized scooters in Scottsdale. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) TOTAL REVENUE (Dollars) 8700 8100 7500 6900 6300 5700 5100 4500 3900 325 3300 300 275 250 225 200 175 150 125 100 75 On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. (?) 50 25 0 0 10 20 *4 0 25 50 Xo Demand 30 40 50 60 70 80 90 100 110 120 130 QUANTITY (Scooters) Total Revenue 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) (?) Total Revenue According to the midpoint method, the price elasticity of demand between points A and B is approximately
- Calculate average revenue if output sold is 20 units and total revenue is $250Price and cost (dollars per student) $150 120 88 76 72 ATC 40 - MC MR 24,000 30,000 36,000 Quantity of students enroiled 15,000 Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere in the world, whether they are actually enrolled in your college or not. The demand and cost situation for the MOOC is shown in the figure. The faculty member who designed the course argues: "I think the course should be priced so that the maximum number of students enroll." Which price should this faculty member favor? O A. $0 В. $40 C. $88 D. $150How do you calculate the revenue of a firm that produces only one good?
- 14. Profit maximization and shutting down in the short run The following graph plots daily cost curves for a firm operating in the competitive market for fitness trackers. PRICE (Dollars per tracker) 8888888 20 10 ATC MC AVC 10 20 30 40 50 GO 70 00 90 100 QUANTITY (Thousands of tracker) 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 tracker) Quantity (Trackers) Total Revenue (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Profit (Dollars) 25.00 520,000 40.00 65.00 520,000 520,000 If the firm shuts down, it must incur its fixed costs (FC) in…The total revenue of a fimm decreased after an increase of the price of the goods it sells. Explain why this can happen. Include a graph in your explanation. Indicate price effect and output effect in your graph.Using the graph below, calculate the firm's profits at the profit maximizing output Price 408 384 360 336 312 288 264 240 216 192 168 144 120 96 72 48 24 0 0 56 112 168 224 280 336 392 448 504 560 616 672 728 784 840 896 Quantity -PMRMC-AC
