Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average fixed cost and $140 in average total cost. What would be the total variable cost for this company when they produce 200 phones? Type your numeric answer and submit
Q: Question 3 A decision maker has a utility function U = VĪ. This decision maker is: O risk-loving. O ...
A: U = √I is a concave utility function. We know that for concave utility function the individual is ri...
Q: Does school desegregation have positive effectsbeyond school?
A: Answer -
Q: 5. Given the following utility function U(c1, c2) = [ac{ + (1 – a)c²]? where 0 < a, p < 1. a. Find U...
A: As the bartleby rules we are allowed to answer only the 1st three parts of any question when it has ...
Q: Suppose the demand functions facing the wireless telephone monopolist In Worked-Out Problem 18.4 (pa...
A: Demand functions are QDL=40-50P for each low demand consumer and QDH=200-50P for each high demand co...
Q: in both cities; and (11) third-degree price discrimination. difference in profits between these two ...
A: A monopolist firm setting two different price level in two cities A and B with respective demand fun...
Q: 3. Suppose the total cost of q units produced by an increasing-cost industry is given by C(q) =g + 8...
A: Total cost function: C(q) = q2 + 8q The function of aggregate willingness to pay: WTP(q) = 100q - 2q...
Q: In an economy with 200 million people, 150 million hold jobs and 20 million are not working but are ...
A: The unemployment rate is the number of unemployed people divided by the labor force. The formula is,...
Q: what is differentiation? What are some forms of differentiation in washing detergents? How does diff...
A: A differentiation strategy is a methodology organizations create by giving clients something special...
Q: Which of the following is correct? The relationship between the MPS and the MPC is such that: Select...
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...
Q: If the coffee's demand function is q = 192 - p2, at what price where the revenue is maximized and wh...
A: Demand function: - demand function is a functional relationship between the quantity demanded and th...
Q: The Situation It is time to negotiate a new contract with some of Lightning Wholesale's unionized em...
A: The company increases salary by 3% so monthly wage increases by 4000*0.03=$120 and yearly wage in...
Q: How do we proper manage economy especially to adverse or international economic shocks?
A: Economy An economy is a complex system of interrelated production, consumption, and trade activities...
Q: 4.People in other countries want to hold U.S. dollars as a unit of account. medium of exchange. ...
A: When talking about US dollar in the international market, it can be said that most of the people rel...
Q: 39. If the demand for a good is inelastic, an increase in the price of the good will cause the total...
A: Elasticity is used to calculate the difference between the relative change in the amount demanded of...
Q: Which one of the following statements about inter-industry study in industrial organisation economic...
A: An industry alludes to a bunch of firms that produce same classification of labor and products, or h...
Q: Figure 4-13 1Price 20 1Price 20 18- Producer A s1 18 Producer B 16- 16 - 14 14- 12- 12 10 10 S2 6 6....
A: Supply refers to the quantity of the good or service which the producers are willing to produce and ...
Q: . In the long run, profit maximizing monopolies make A. zero economic profit. B. positive economic p...
A: The answer is - D. positive or zero economic profit.
Q: economics, money refers to wealth income currency assets used and accepted as payment.
A: Money consider as a medium of trade, as a store of significant value, and as a unit of record. Mode ...
Q: At Jody's bakery they are currently selling 400 loafs of bread. It cost them $4,000 to buy an oven, ...
A: Variable cost: A variable cost is a corporate expense that changes in proportion to how much a compa...
Q: QUESTION 33 Ricardo's theory of trade is based on (A: productivity of labor; B: doportunity cost; C:...
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...
Q: How can someone account for international economic equilibria between/among trading partners if our ...
A: Please find the answer below.
Q: . For goods, increase in income leads to increase in demand.
A: To find : What leads to increase in demand.
Q: What is the advantage of capital gains treatment of income compared to expensing? Explain using nat...
A: Capital gains treatment of income With the exception of profits realised from T-bills, which are not...
Q: Assume that people will spend $0.60 of every extra dollar they earn. Further assume that the real in...
A: According to the question, "people spend $0.60 of every extra dollar they earn" this means marginal ...
Q: QUESTION 13 The view traces its roots to Marxist political and economic theory. A radical OB.free ma...
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...
Q: How is education level impact the lives of consumers?
A: Consumers are the people who make purchases. For a business organization, it is very important to un...
Q: The producer is in equilibrium at a point where the cost line is Above the isoquant
A: To find : When producer is in equilibrium at point
Q: The below graph shows the demand and cost curves for ABC Electric Co, a natural monopoly in a small ...
A: The natural monopoly exists when there is a high start-up cost or powerful economies of scale for co...
Q: Suppose that in 2003, 995 workers were employed in the public sector, 691 of which were unionized. A...
A: The correct answer is given in the second step.
Q: You have a plant that produces copiers for sale. Your costs for producing copiers are 1: $42, 2: $44...
A: The table attached below show total costs (as given in question) and marginal cost which is computed...
Q: How has the definition of educational inequalitychanged?
A: Educational inequality refers to the unequal allocation of academic resources to socially disadvanta...
Q: Suppose that the supply of labor function is given by W = A + BL. What is the corresponding MFC func...
A: Labor supply function: W = A + BL Assuming labor is the only factor of production. So, the total fa...
Q: Which of the following countries is both a member of the EU put has not yet joined the Euro and Euro...
A: By unique monetary agreements with the EU, Andorra, Monaco, San Marino, and the Vatican City have em...
Q: 14. Country A has a GDP of $400,000, and country B has a GDP of $100,000. The standard of living in ...
A: GDP is the value of all final goods and services in the economy in a given year produced within the ...
Q: Figure 2. 25 20 Supply Price 15 10 Demand 5. 10 15 20 25 Quantity (thousands) Refer to the figure ab...
A: Equilibrium, in economics, refers to the condition when demand and supply curves intersect at a poin...
Q: You are given the following information about an economy GDP at Market Prices 1,,669.4 Imports 290....
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: John is thinking about going to the movies tonight . A ticket costs $ 9 and he will have to cancel h...
A: The opportunity cost of doing any activity is the value of the next best alternative which has been ...
Q: Developing countries like China and India start promoting investment. Use the Mundell-Fleming model ...
A: The great degree of integration or connectivity among financial or capital markets is one of the mos...
Q: Johnny Ringlet at SkateNation staged a President's Day promotion at his Roller Skating Rink last wee...
A: Elasticity of demand alludes to the degree in the adjustment of demand when there is an adjustment o...
Q: The price of a ton of coal is 70AUD in Queensland and the nominal exchange rate with the Indian Rupe...
A: The information given is:- Price of coal In Queensland = 70Aud Nominal exchange rate with Indian rup...
Q: 3- A company borrows $ 100.000 today at 12% nominal annual interest compounded monthly. Find the mon...
A: The information given is:- Borrowed amount = $100,000 Nominal annual interest rate = 12% Tenure = 5...
Q: 110- 100- edian interest rate differential rises when e Canadian interest rate falls and the foreign...
A: The Canadian interest rate differential increases when,
Q: If the U.S. interest rate increases, there's a(n) in the supply of dollars and a(n) in ti
A: The rate of interest is determined through the demand and supply for the fund or money. If of rate ...
Q: The graph represents consumption (C) as a function of Consumption disposable income (DI). Assume the...
A: Answer: MPC (marginal propensity to consume) refers to the ratio of change in consumption to the cha...
Q: Suppose you observe the time series of output y and real money supply M/ P reported in the Figure be...
A: Given information
Q: This exercise applies the basic Ricardian model of one factor and two goods. The table below contain...
A: "Correct answer is option A."
Q: Price £/unit E 'D3 D1 D2 Quantity Figure 4 Supply and demand curves for a normal good Figure 4 shows...
A: Market equilibrium is determined when the quantity demanded of a good is equal to the quantity suppl...
Q: . A Sixteen Tons Question: A coal mine in a small town is a monopsony with a supply of labor functi...
A: Monopsony refers to the factor market condition where single buyer exists in the market.
Q: The United States, Japan, and China are among members of a trade organization referred to as O A. AA...
A: APEC (Asia Pacific Economic Cooperation) established in 1989 APEC facilitates trade, economic growth...
Q: Which of the following statements are normative or positive? Explain your answer. Unemployment rate...
A: 1. Unemployment rate will increase for the next quarter. Positive Statement
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- What is a cost reduction?If output is 34 unit and total cost is $1300 Find average CostUse the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000. (Type a whole number.) k my instructor…