Number of wells Total water output (in 1000s of liters/day TR TC AVR Profit 0 0 0 0 0 0 10 100 10000 600 1000 9400 20 200 20000 1200 1000 18800 30 280 28000 1800 933.3 26200 40 340 34000 2400 850 31600 50 380 38000 3000 760 35000 60 400 40000 3600 666.7 36400 70 400 40000 4200 571.4 35800 80 380 38000 4800 475 33200 90 340 34000 5400 377.8 28600 Use your graph and the data in your table to identify the economically efficient number of wells (Hint: What is the profit maximizing number of wells?)

Q: The population of the world in 2015 was 9.75 billion people and was growing at a rate of 1.25% per y...

A: i. Given the population of the world in 2015= A=9.75B Let 2015 be period t=0 At period t=T, the tota...

Q: Give one business organizations  and state how it contributes to Socio-economic development?

A: Socio-economic development: It is the interaction by which a country works on the financial, politic...

Q: Should other (non-HR) departments be allowed to help with the recruitment of candidates? Why or why ...

A: The step involves identifying, attracting, interviewing, choosing, recruiting, and training personne...

Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The positive relati...

A: Disposable income is the left amount in hand after paying taxes . And it is used for consumption of ...

Q: 2. Now, reestimate the model using the log of netinc and salary: return = -36.30 + .327dkr + .069eps...

A: An effective statistical tool for examining the relationship between two or more variables of intere...

Q: Problem 4) Given the Alternatives: Initial Cost Annual Benefits Annual Costs (beginning at end of Ye...

A: GIVEN   A B Installed cost $45,000 $54,000 Annual Benefit $0 $0 Annual cost $2700 $2850 S...

Q: 1. Design an algorithm to test whether there is at least one common element between two sets of numb...

A: Solution:- 1.  You wish to know what elements are shared between two arrays. This is the most straig...

Q: Masks (Now). The easing Covid-19 pandemic is expected to reduce demand for medical masks this year,...

A: The 7th graph fits the best

Q: @ Due to heavy ráuns the price o7 ground produce increases i- which core principle o represented in ...

A: Given: Due to heavy rainfall, the price of ground produce increases. We will try to elaborate on thi...

Q: How was the trade situation between Northern Ireland and Republic of Ireland before the European Sin...

A: The UK-Ireland border has had a special status since the Belfast Agreement/Good Friday Agreement of ...

Q: Assume the supply and demand functions for your Math textbook are: p = -3*Qd + 48 p=(1/2)*Qs + 23 a)...

A: Disclaimer :-  as you posted Multipart questions we only can solve first 3 questions only as per gui...

Q: Explain why you think that maintaining a well functioning financial system is important and suggest ...

A: By collecting and combining cash from multiple sources, financial systems enable the transfer of sav...

Q: Could you explain what is the long run and short run of a firm in a market

A: Production by a firm depends upon the time period. In the short run, the production possibilities of...

Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. In the short run, t...

A: Inflation is a measure of an economy's rate of rising prices for goods and services.Inflation can oc...

Q: a. The Covid-19 pandemic has signifigantly effect the economy around the world and the suitable poli...

A: Aggregate Demand and Supply The total quantity of demand for goods and services created in the entir...

Q: Two hotels are considering a location along a newly constructed highway through the esert. The highw...

A: According to Nash equilibrium, a concept in game theory, the optimal finish of a game occurs when th...

Q: Given the two machines’ data                                 Machine  A          Machine B First C...

A: For finding out the Equivalent annual cost we take following steps : => First we formulate cash f...

Q: Economic Development can analyze and answer the following questions except one a. When will you kno...

A: Economic development means the economic growth along with the improvement on the quality of life of ...

Q: (Government Debt) The U.S. Treasury reports the budget deficit or surplus of the federal government....

A: Countries that can counter and affect a budget deficit, that is likely to promote and bring in the e...

Q: Which of the following is an example of an incentive? A. Purchases from a store earn the buyer rewar...

A: In the broadest sense, an incentive is anything that encourages someone to do something. When it com...

Q: The monetary multiplier is 3 and the change in the monetary base is $100,000. How much will the quan...

A: Given  The money multiplier is 3 Change in the monetary base is $100,000. We have to calculate the i...

Q: b.) Governments are aware of the impact of Imports on their economy bu because they also want their ...

A: Six instrument of trade protection:- 1) Tariff:- Tariffs are among the earliest known instruments us...

Q: Given Cost and Price​ (demand) functions C(q)=120q+45000 and p(q)=−2.8q+900​, what is the marginal r...

A: Marginal revenue refers to change in total revenue with respect to change in output.

Q: Pixie Arts and Graphics, a medium scale printing press business has determined the equation that des...

A: Inverse Demand Function: P = 150 - 0.01DCF = 50000CV = 40 For maximising the profit, we will partial...

Q: Given Cost and Revenue functions C(q)=q3−10q2+52q+5000 and R(q)=−3q2+2400q​, what cost is incurred...

A: Marginal profit means for a unit change in quantity how much profit will change .  It is the profit ...

Q: The required reserve ratio helps determine the amount of money banks can create

A: The loan is referred to the amount of money that the lender gives to the borrower and charge interes...

Q: Price (dollars per bunch) 24- S+tax 22 20 1818 16 14-14 12 10- D 60 80 20 40 60 80 100 120 140 Quant...

A:

Q: 1. Describe options for employee socialization and the role socialization plays. [10+10]

A: Employee Specialization:- Employee specialisation is the procedure by which staff members acquire in...

Q: The utility function for Morris is U = min{4M, 2T}, where M is pints of milk and T is cans of tuna. ...

A: In equilibrium: 4M = 2T  [ as utility function is of perfect complement hoods] T = 2M Substituting t...

Q: The profit that Johnny got from selling fish have increased at a constant  rate of P1100 in each of ...

A: To evaluate an investment, multiply the cash flows by the present value of the investment. It is pos...

Q: d) If keeping a trade secret is possible, does your answer for part b) changes? Why or not? why

A: Introduction: A patent is an exclusive right awarded for an invention, which is a product or techniq...

Q: Given the two machines data Machine A Machine B First Cost P8.000.00 P14,000.00 Salvage value 2,000....

A: The net gain or loss on an investment over a specific time period represented as a percentage of the...

Q: Ral needs to hire a new landscaping service to take care of the small garden outside his office. He ...

A: Maximizing: It will provide an opportunity to get the maximum outcome, suppose a seller is selling s...

Q: Evidence suggests that, following some exogenous shock, exchange rates change: Select one: O a. None...

A: Option D Before Prices change

Q: б. ( You are given a loan on which interest is charged over a 4-year period, as follows: i. an effec...

A: The rate of interest is the cost of borrowing money or the return for lending money.    

Q: Choose the best answer from the options below: If you and your friend take turns making decisions ab...

A: Here, it is given that two friends are making decision by taking turn on which movie to watch and in...

Q: If 9% is deducted from Jacob's annual pay of $1,035 to pay for state taxes, then how much is deducte...

A: State taxes are collected by the state government it is not the part of the central government. Stat...

Q: Match each of the numbered items in the list with the numbers in the drop-down menus: an increase in...

A: At the point when the curve moves outward the result and real GDP increment at a given cost. Accordi...

Q: Jse the information in the table below to answer the following question: Which of the following is t...

A: Absolute advantage is the advantage which a country has when the country is able to producer one or ...

Q: find the principal value of perpetuity amount of 18,000 with a nominal rate or 5% compounded quarter...

A: In the above question, it is given that : Amount = 18000 Interest rate = 5% = 0.05 / 4 = 0.0125 Time...

Q: 2015 2018 2018 2018 Commodity Price QD (in kg.) Price QD (in kg.) Beef Cabbage Carrots Chayote Chick...

A: Price elasticity of demand is the ratio of percentage change in demand of a commodity and percentage...

Q: medium of exchange, the ability to buy goods and services, and checking accour O a. O b. store of va...

A: Money is a product acknowledged by broad assent as a mode of monetary trade. It is the medium wherei...

Q: 3- Given the way the MPI is designed, there are some aspects that may not be captured. For instance,...

A: True the Master Patient Index (MPI)  is one of the tools that discusses about the broad function and...

Q: What is the relationship between unemployment and the price level in the short run?

A: Unemployment occurs when all those who are willing to work at the current wage rate are unable to fi...

Q: We expect price elasticity of demand for the popcorn at a movie theater to be a.) perfectly elastic...

A: The relative change in quantity demanded owing to a change in price is measured using price elastici...

Q: Calculation question: Suppose the following data accurately estimates the costs and benefits you out...

A: The investment is suggested only when the Net present value is positive. 

Q: Complete each statement below about the demand and supply of t-shirts using the dropdown list. In ea...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Using the chart below, when is the value of marginal product of labor when 6 employees are hired? # ...

A: Given:When 6 employee is hired:MPL=9Price of output=$8

Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...

A: Net export = Export - Import If import decreases by 10, and export remains the same. Then the net ex...

Q: The analysis period is the least common multiple of lives for evaluating mutually exclusive alternat...

A: To make an analysis of the cash flow over a period of time, there are different ways to evaluate cas...