show calculations A wheat seed dealer has a cost function: C = 100 + 20Q +Q2. Inverse demand is: P = 620 -2Q. Maximum profit is: A. 38,400 B. 36,200 C. 39,200 D. 29,900
Q: True or false and use a graph to explain: when the costs of pollution abatement are uncertain,…
A: A corrective tax, also termed to be a Pigovian tax fixes the pollution price and on the other hand…
Q: 2. Suppose GDP equals $09 trillion, consumption equals $3 trillion, the government spends $2.5…
A: The amount of cash that families, companies, and governments save is measured by the National…
Q: Please breifly explain the following economic meanings: Benefit principle of taxation Free riding…
A: Taxation refers to the process by which a government basically collects revenue from its citizens…
Q: PART IV: For all questions in this section reference the graph below. -30- 20 -10- 0 n. o. 10 20 If…
A: Shortages and surpluses are important concepts in economics that describe imbalances between the…
Q: Box 3 - Write down the cognitive bias you are illustrating Box 4 - Explain how the advertisement you…
A: Box 3: Anchoring bias
Q: n the Stackelberg model, the firm that sets output first has an advantage. Explain why using your…
A: Introduction According to the Stackelberg leadership model, each firm in the game moves in turn the…
Q: The economy has part time workers of 20 million people, and full time workers of 140 million people.…
A: The unemployment rate is the percentage of people in the labour force who are unemployed. As a…
Q: 1. The basic aggregate demand and aggregate supply curve model help explain A) fluctuations in real…
A: Aggregate demand can be defined as the total amount that has been spent on the goods and services…
Q: Describe how each of the following transactions affects the U.S. Balance of Payments. (Recall that…
A: An international market is known for the trade between various nations. It means that when two or…
Q: To protect the cod fishery off the northeast coast of the U.S., the federal government may limit the…
A: Public policy refers to the actions and decisions taken by the government to address public issues…
Q: Would you be able to answer the second question now? Thank you!
A: Unemployment rate will be calculated as unemployed divided with the labor force; and multiplied by…
Q: See the game tree below. There are two players - player 1 and player 2. Player 1 moves first and…
A: Sub game perfect Nash Equilibrium: A Nash Equilibrium is said to be subgame perfect if and only if…
Q: The demand for dress shoes is represented by the figure below. Using the midpoint formula calculate…
A: Elasticity illustrates the responsiveness of demand or supply to changes in price or income. It…
Q: PRICE Point A to Point D Point A to Point B Point C to Point B A Point C to Point D D B C D₁…
A: Demand curve is the downward sloping curve. The factors affecting demand are income of consumer ,…
Q: Law of supply states that as the price of a good O increases, suppliers want to supply less of that…
A: Supply is the quantity of a commodity that a seller is willing and able to sell at each possible…
Q: When a consumer purchases an item on credit at a luxury store, she pays an effective interest rate…
A: Effective interest rate is the real or actual yield of any investment which the investor earns…
Q: True or false and use a graph to explain: a) can it be welfare-improving for governments to…
A: Social welfare is an important economic concept in the welfare economics. In welfare economics, we…
Q: Q1) Under what circumstances could a producer extract the entire consumer surplus in the below…
A: Consumer surplus is a measure of the benefit that consumers receive from purchasing goods and…
Q: For a certain company, the cost function for producing a items is C(x) = 40 + 150 and the revenue…
A: Profit is the money you have left after paying for business expenses. In business usage, it is…
Q: Why do you even need a checking account? Why not just use cash?
A: A checking account is a type of bank account that allows individuals to easily deposit, withdraw,…
Q: b. Suppose that the price of scones = $3, coffee costs $2.5 per cup, and average annual disposable…
A: The mathematical relationship between the quantity demanded of a product or service that consumers…
Q: List two possible solutions private insurance firms have at their disposal to correct the market…
A: Asymmetric information also called "information failure" is when one party to an economic…
Q: Match the nonprice determinants of supply and demand. (Click the appropriate box) Determinant…
A: The notions of demand and supply forms the basic building block of microeconomics. Effective demand…
Q: a) Can the threat of a price war deter entry by potential competitors? What actions might a firm…
A: Monopolistic competition refers to a market structure characterized by many firms producing…
Q: The US government has established a minimum wage (price floor). Where on the graph above would you…
A: Price controls are used by the government to influence the prices of goods and services in the…
Q: Assume that there is two-person two-commodity pure exchange economy. A's utility function is u¹(x,x)…
A: Given information Consumer A and B Utility function of consumer AUA=X1A+lnX2AEndownment…
Q: Do you agree that globalization is the most dominant force controlling our lives today? Explain or…
A: The process of linking and interconnecting the world through trade and technology is known as…
Q: What is the percentage change in the number of units sold if the company wants to maintain its…
A: To calculate the percentage change in units sold, we need to determine the break-even point, i.e.,…
Q: Fiscal policy of increasing government expenditures can be more potent than monetary policy in…
A: Fiscal and monetary policy: Fiscal policy signifies the policies taken by the government of an…
Q: 7. An increase in the price level results in a(n) because in the quantity of real GDP demanded A)…
A: Aggregate demand depicts the relationship among level of price and the quantity of real GDP demanded…
Q: An increase in consumer incomes would be illustrated by the shift from D to Coffee D1. D (click on…
A: Income of the consumer is one of the most important determinant/factor affecting demand. The change…
Q: 39. An economy described by the AS/AD model: C = 13+.8YD, I = 10, T = 10, t =.25, G = 35,…
A: Y = 13+.8YD + 10, T = 10, t =.25, G = 35, NX = 10-5P-.1Y AS = 5P.
Q: 15) Sweetland's GDP is $100 billion, desired consumption is $70 billion, desired in- vestment is $30…
A: Export refers to the sale of goods and services produced in one country to buyers in another…
Q: Kevin and Maria Singh live in Conshohocken, PA. Maria's father, Rajiv, lives in Sweden. for each of…
A: Gross domestic product (GDP) is the market value of final goods and services produced by a nation…
Q: During an election year, the President and Congress announce that they will give a $1000 tax rebate…
A: Demand curve is the downward sloping curve. Supply curve is the upward sloping curve. Demand curve…
Q: please answer second question as a different question now!
A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…
Q: PM= PA+PB = Set gaga because of open access and indivisibility (i..e., no rival in consumption)…
A:
Q: Consider a $1200 bond that makes $30 annual coupon payments. If the interest rate is 2 percent and…
A: The present value is a measure of the value of a future payment or the series of future payments…
Q: Which elements of the cultural web are prominent in this account of Rothschild banking?
A: A bank is a type of financial institution that is allowed to take deposits and provide loans.…
Q: Mexican imports of U.S. goods, this would O Create a supply of pesos O Create a supply of dollars O…
A: In the international market, any exchange of goods and services between the countries will lead to…
Q: What is the best way to do this outside of Excel using Compound Interest Tables
A: When the project has different lives, it will be compare over the least common multiple method
Q: Only typed answer Suppose that an economy has the following functions for C, I, G, and NX: C= 51 +…
A: Introduction In economics, a multiplier is a numerical coefficient that illustrates the relationship…
Q: When the price of fried chicken increases, the demand curve for fried chicken Oshifts to the left or…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: "How might large federal deficits affect future economic growth?"
A: Federal deficit refers to the amount by which a government's spending exceeds its revenue in a given…
Q: Question 2 I NEED DIAGRAMS Use the one-period model to explain why tax on capital is not a good…
A: Capital tax is that portion of the income given by the individual; to the government of the nation…
Q: With the help of a diagram analyse the concept of; A) Aggregate Demand
A: AS is the total quantity of output firms will manufacture and sell—in other words, the real GDP. The…
Q: 12) A consumer's preferences are given by U(X,Y)=X0.6y04. The price of X is 4, and the price of Y is…
A: Consumer preferences refer to the wants and needs of consumers, which guide their purchasing…
Q: What is the maximum amount you would pay for an asset that generates an income of $250,000 at the…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: 1.28 Use economic equivalence to determine the amount of money or value of i that makes the…
A: Economic equivalence is a combination of interest rate and time value of money to determine the…
Q: New cars are normal goods. What will happen to the equilibrium price of new cars if public…
A: Normal Goods are goods which experience an increase in demand due to an increase in income.…
show calculations
A wheat seed dealer has a cost function: C = 100 + 20Q +Q2. Inverse demand is: P = 620 -2Q.
Maximum profit is:
A. 38,400
B. 36,200
C. 39,200
D. 29,900
Handwritten solution not required correct answer will get instant upvote.
Step by step
Solved in 3 steps
- Calculate total profit when total revenue is $700 and total cost is 60% of total revenue. A call center in India used by U.S. andU.K. credit card holders has a capacity of1,400,000 calls annually. The fixed cost ofthe center is $775,000 with an averagevariable cost of $2 and revenue of $3.50 percall.(a) Find the percentage of the capacitythat must be placed each year tobreak even.If explicit cost are $4400 and the accounting profit is $6000 Calculate the value of total revenue
- If explicit cost equals to $40000 and implicit cost $ 95,000 and the accounting profit is $23,000 what is the revenue and the economic profitFind total revenue generated by firm if profit is $550 and the total cost is $300Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. If the company charges $15 per pair, how many pairs must it sell to break even? Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Ace would like to earn a profit of $2 million; how many pairs must they sell at a price of $15? Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 heel repair kits, what price must it charge to achieve a profit of $2.5 million?
