16. The total cost to make q quilts is C(q) = 73 +1.2q +0.05q2. a. What is a function for the marginal cost? b. Find a quantity that minimizes the average cost.
Q: The accompanying diagram shows the demand and supply curves for taxi rides in New York City. Uber's…
A:
Q: None
A: Current equilirbium occurs at the intersection point of AD1 and AS. Hence, the current equilibrium…
Q: Figure 34-3 PRICE LEVEL aaa" LRAS B Y, Y₂ QUANTITY OF OUTPUT SRAS. SRAS AD Refer to Figure 34-3. In…
A: In the Aggregate Demand-Aggregate Supply (AD-AS) model, short-run and long-run equilibrium refer to…
Q: A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy…
A: The ability-to-pay principle is a taxation philosophy that proposes that a person's tax burden…
Q: Give proper explanation and take a like
A: To calculate the GDP Deflator for 2015, we need to first calculate the total value of goods and…
Q: Task 4: leisure or work? The consumer choice is not restricted to the choice of consumption goods.…
A: Given,
Q: Please solve ones that were marked incorrect (x).
A: Answers: Answer a: Let's represent the number of advertisements for television, radio, and online as…
Q: The following graph characterizes a firm in a monopolistically competitive market. ATC 32 24 8 MC…
A: Justification for Option C (Short Run Position):The given information does not specify whether the…
Q: What is an example of how Modern Shed's structure enables fast response to rapidly changing market…
A: Modern Shed's ability to respond quickly to rapidly changing market opportunities is a key aspect of…
Q: Suppose that a federal election is called at a time when the economy is experiencing a recessionary…
A: The objective of the question is to understand the impact of two different economic policies - one…
Q: Recall the locational indifference condition in the model of housing prices with com- muting costs:…
A: Commuting cost can vary considerably relying on factors together with the distance traveled, mode of…
Q: Given the data for three different alternatives in the table below, determine the best alternative…
A:
Q: 4. Suppose that output is given by equation, Y(t) = K(t )^[A(t )L(+)]¹; that L is constant and equal…
A:
Q: Efficiency is achieved ○ A. when producers are getting the maximum possible output from the…
A: Efficiency is achieved when producers are getting the maximum possible output from the available…
Q: PROBLEM 3 – Slutsky Equation, Income Effect, Substitution Effect, and Total Effect There are two…
A: Slutsky equation states that the total change in the demand consists of the income and substitution…
Q: The graph below shows the cost and revenue curves for IchiBan Inc., a monopolist. a. What is the…
A:
Q: Macy's adopts a 3-period markdown strategy for a skirt with a selling season of 3 months (each month…
A: Approach to solving the question: Given information The demand function is given here q = 2000 - 50p…
Q: Figure 34-4 PRICE LEVEL LRAS, LRAS, LRAS, SRAS QUANTITY OF OUTPUT AD Refer to Figure 34-4. The…
A: In the short-run, the aggregate supply curve (SRAS) is upward sloping. This means that in the…
Q: Auria will produce a vehicle component and knows that each start generates a cost of 5,000 pesos.…
A: The total annual cost of the business means the expense incurred by the business for buying,…
Q: A consumer's indifference curves are shown below. Only two curves are drawn. Other curves at…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Bartleby expert help le
A: The correct answer is: (d) The surplus maximizing outcome is not a Nash equilibrium.Here's a…
Q: The graph below depicts an economy where a decline in aggregate demand has caused a recession.…
A: Step 1: A multiplier concept in economics indicates that a change in one economic factor triggers…
Q: Econ question: a.Explain and show the impact on the money market when the Federal Reserve lowers the…
A: Certainly! When the Federal Reserve lowers the interest rate on bank reserves (IORB), it leads…
Q: 1 Sober-Wilson Model - Kin-Based Altruism and Direct Reciprocity Let's analyze the Sober-Wilson…
A: The payoff matrix is given as Person 2Person 1ASAS In the payoff matrix, x is the value of…
Q: None
A: The subsidy needed to internalize the externality cannot be determined from the figure alone. It…
Q: None
A: Keynesian economics focuses on using active government policy to manage aggregate demand in order to…
Q: The following data related to two mutually exclusive projects are given. Which of the following…
A: The objective of the question is to determine the incremental rate of return (ΔRoR) between two…
Q: Spending Round by Round Complete the following questions. 1. Assume the MPC is 0.75. What is the…
A: Multiplier and MPS:The multiplier (k) represents the ratio of the change in GDP to the initial…
Q: e. A firm in a given industry has an incentive to use the new technology if and only if the expected…
A: Industrial economics is a branch of economics in which industrial matters are analyzed with the help…
Q: Explain how unbalanced productivity growth may affect government expenditure and briefly comment on…
A: Productivity growth refers to the increase in output per unit of input (such as labor, capital, or…
Q: 6. Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work you…
A: Labor economics seeks to comprehend the operation and dynamics of wage labour markets. Labor is a…
Q: Explain, with the aid of examples the distinction between outputs and outcomes in social service…
A: Here is a simpler explanation: In the world of social service delivery, the difference between…
Q: You are an executive for Super Computer, Inc. (SC), which rents out super computers. SC receives a…
A: b. If SC were unable to keep the two types of customers separate and charged a zero rental fee, the…
Q: Question 3.4 (15pts) Consider the following two mutually exclusive projects: a What assumption(s) do…
A: The objective of the question is to understand the assumptions needed to compare mutually exclusive…
Q: Required information For equipment that has a first cost of $17,000, the estimated operating costs…
A: To determine the annual worth (AW) for year 4 using the PMT function in Excel, we'll use the…
Q: None
A: Correct optiond) a situation where no person has an incentive to change their strategy unless…
Q: Increases in productivity are difficult to achieve ifthe task is more good-producing and…
A: Economics deals with allocation of limited resources to maximise the welfare of the economy. It also…
Q: In the 1960s, water was inexpensive. However, by 1965 Canada saw one of the country’s worst…
A: 2- Price Elasticity of Demandi) Wheat: Inelastic in the short termJustification: Wheat is a vital…
Q: Aggregate expenditure (billions of 2007 dollars) 375 347 150 100 10 0 100 200 45° line AE C 300 375…
A: The link between aggregate expenditure, or total spending, and real GDP is seen in this graph. The…
Q: The following table shows cost payoffs for four decision variables and four states of nature. S₁ S2…
A: Step 1:The expected value of each decision is calculated…
Q: give me accurate answer
A:
Q: Melissa agrees to contribute $500 to the alumni fund at the end of each year for the next 4 years.…
A: First we will compute future value of Melissa at end of 4 years at 2.5% We can determine this using…
Q: Lesson 10 Question 7
A: The correct answer is: a. may decrease consumer surplus if demand is sufficiently inelastic.…
Q: how labor market distortions like taxes and firing costs affect employment in the long run.
A: The labor market is a place where the labor services are exchanged for wages. It is a market of…
Q: None
A: The sales volume variance for operating income is a crucial metric that indicates how changes in the…
Q: The graph below depicts an economy where a decline in aggregate demand has caused a recession.…
A: The impact of change in aggregate demand due to the change in government spending is more than that…
Q: Answer the following question based on the graph below, which is for Blue Smooth Yoga Mats Ltd. one…
A: Explanation to above solutions: a. Profit-Maximizing Output is 500 unitsThe profit-maximizing output…
Q: The monopolistically competitive firm represented in the graph is in: $ $11.40 $10.20 $7.50 0 520…
A: The monopolistically competitive firm is in long-run equilibrium. BecauseIn long-run equilibrium, a…
Q: Can you help me graph that information
A: Approach to solving the question:Detailed explanation: Examples: Key references:
Q: None
A: Kindly request clarification if you have question to my answer.Thanks
Step by step
Solved in 2 steps
- What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17? Use the formula R W + M (where R is the retail cost, W is the wholesale cost, and M is the amount of mark up). = The wholesale cost is dollars.The total cost of producing T-shirts can be represented as TC = 50 + 2Q. a) What is the marginal cost of the 5th T-Shrit? b) How much does it cost to produce 10 T-shirts?Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is linear. The belts are sold for$ 27 each. a)find the marginal cost b)find a linear equation in slope-intercept, form that represent the total Cost of making will c) What is the fixed cost? d) find a profit in slope- intercept that will represent the profit if x belt are made and sold? e) Find the break even point?
- The cost function for producing x items is C(x)=x2-3x+625. a.Find the average cost function. b.What is the minimum average cost? c.Find the marginal cost function. d.Is the point of intersection of the average cost and marginal cost function the same which produced the minimum the average cost? 2.Determine where the function f(x)=4x3-3x2+6 is concave and where it is convex. 3.An efficiency study conducted for Spektra Electronics Showed that the number of Base Commander handsets assembled by the average worker t hours after starting work at 8 a.m is given by N(t)=-t2+6t2+15t (0t4) At what time during the morning shift is the average worker performing at peak efficiency?The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the motorbikes.The cost curve for producing widgets passes through the following points and is piecewise linear in between. Solve, a. What is the fixed cost of producing 600 widgets? b. What is the variable cost of producing 600 widgets? c. What is the cost per unit if only 400 widgets are produced?
- Suppose the fixed cost of building a nuclear power plant is $1 billion. Suppose also that the only variable cost is the labor of Homer Simpson, and he earns $10 per hour. If the plant generates 1,000 kilowatts each hour, and has already generated 1 billion kilowatts, what can you say about the marginal cost of the next kilowatt? (A) The marginal cost is equal to $0.01. (B) The marginal cost is equal to $1.01. D The marginal cost is falling. The marginal cost is rising.Use the information in the graph to the right to find the values for the following at an output level of 45. 100- The marginal cost is $ 18 . (Round your response to the nearest dollar.) MC The total cost is $ (Round your response to the nearest dollar.) АТС AVC 43 30 18 45 Quantity of output .... CostWhat is the total revenue when output is 1, total cost is 35, marginal cost is 10, fixed cost is 25, average cost is 35.
- A company is planning to manufacture mountain bikes. Fixed monthly cost will be $100,000 and it will cost $100 to produce each bicycle. a. Write the cost function, C, of producing x mountain bikes. b. Write the average cost function, C, of producing x mountain bikes. c. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike?The cost function of producing Q units of good s.t: C(Q) = 4Q2 + 16Q + 40 Write down the average cost and marginal cost. Find the value of Q whichminimizes average cost? (Show necessary and sufficient conditons)What is the total cost and marginal cost when fixed cost is 25, average cost is 57, total revenue is 200, average revenue is 40, and marginal revenue is 40?