Q: What advantages and what drawbacks can you suggest that a performance related pay scheme for…
A: Workers pay scheme is one of the best way the government intervenes the market to safeguard the…
Q: Explain why supply shocks create more of a challenge for the Federal Reserve.
A: A supply shock occurs when an unexpected incident alters the supply of a product or commodity,…
Q: According to the climate graph, what is the range of temperature recorded in the city of Yakutsk?…
A:
Q: “The impacts of a (a) budget deficit and (b) capital flight on the equilibrium in the open economy…
A: A budget deficit is a financial scenario in which a country's government borrows more than it earns…
Q: Determine whether demand for each of the following product is either price elastic or price…
A: Since you have posted a question with multiple sub-parts, we will solve first three subpart for you.…
Q: Discuss the following statements: a. The Keynesian multiplier is higher the higher is the degree of…
A: A Keynesian multiplier is stated that the total effect is more than the dollar that is spent by the…
Q: LEASE ANSWER AND SHOW SOLUTION A dam will have a first cost of P250,000,000, an annual maintenance…
A: First cost = $25000000 Annual maintenance cost = $1250000 Reconstruction cost = $5000000
Q: Consider a competitive market with aggregate demand function QD = 180 - 3p and aggregate supply…
A:
Q: a) Explain the lender of last resort (LOLR) function of central banks. Provide some examples of the…
A: One of the most significant and essential functions of a central bank is to manage the country or…
Q: Inflation targeting a strategy in which the central bank pursues a. a certain numerical…
A: Central Bank implements monetary policy for different purposes according to the needs of the economy…
Q: 6. After a tax increase, households often reduce spending and save more. This can result in: a. An…
A: In an economy, any change in tax rate will have a significant impact on the economic growth and…
Q: According to the climate graph, what is the range of temperature recorded in the city of Yakutsk?…
A:
Q: Which of the following methods of calculating GDP would NOT be accurate when the information on the…
A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…
Q: Which activity generates a positive externality? You buy a new jet-ski and find $5,000 under the…
A: In economics, positive externality refers to the situation when one's action will provide benefit to…
Q: Firm A produces 200 widgets and has a TC of $5000. It increases its factory size, increases output…
A: Economies of scale is the situation when cost per unit falls with rise in production.
Q: What is the relevance of the ecological footprint in the economy and the people
A: According to research, environmental difficulties have a significant influence on a country's…
Q: You own a bakery shop. One of your customers places an order for 12 cupcakes. You plan to charge the…
A: Marginal revenue is the change in total revenue from the sale of an additional unit. Marginal cost…
Q: The sole proprietor of the FM2 Financial Services, Bondo, receives all accounting profits earned by…
A: The Accounting profits of the firm are calculated as Total Revenues - Total Expenses. But if we…
Q: The multiplier process can occur when a decrease in investment spending… a) Increases household…
A: "The investment spending multiplier indicates how much aggregate income will change with any change…
Q: Suppose the Social Welfare Function is given by U = X0.25Y0.75 and the PPF is given by: X2+Y2 = 100,…
A: We have social welfare maximization problem where we have to maximize U = X0.25Y0.75 Subject to PPF…
Q: Suppose 2 players play the following game infinite times in the future. What should be the minimum…
A: In game theory, the Nash equilibrium is the equilibrium outcome from which none of the players have…
Q: Use the data in the following graph to illustrate the law of increasing costs numerically. (Hint:…
A: The curve is the production possibilities frontier that shows different combinations of two goods…
Q: In the long run, a perfectly competitive firm can
A: The ideal kind of market structure is known as "perfect competition," and it occurs when all…
Q: Suppose that a particular industry has a four firm concentration ratio of 45 and a Herfindahi inder…
A: Here, it is given that the market has four-firm concentration as 45 and HHI as 1540.
Q: Σ 3. 21 Pric 2. Unit 2 Progress Check FRQ 5. 2. 0 12 3 4 5 6 7 8 9 10 Quantity (millions of cases)…
A: The curve that depicts quantities of goods and services being demanded by consumers at various…
Q: The price elasticity of demand for good x shows how: A A change in price of good x affects the…
A: Elasticity is a concept that is used to measure the changes of one in response to other. It can be…
Q: John consumes only books (good on X axis) and DVDS (good on Y axis). At his current consumption…
A: Consumer equilibrium is that point where a consumer get maximum satisfaction by spending their…
Q: what kind of relationship is between GDP and unemployment
A: GDP from expenditure approach includes consumption expenditure, investment expenditure, net exports…
Q: George Bernard Shaw stated, "Economy is the art of making the most of life." Which of the following…
A: Here, it is given that, according to George Bernard Shaw, economy is considered as an art to make…
Q: How would you rate the United Nations' performance in handling the world's social, economic and…
A: UN is a global organization that was founded in 1945. This organization has numerous nations as…
Q: 8. All of the following are means that oligopolists can use to reduce the risks of price wars…
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…
Q: Economics According to the climate graph, what is the range of temperature recorded in the city of…
A:
Q: In a used car market there are two types of cars: bad (B) and good (G). Assume that the utility from…
A: * ANSWER :- From the given information the answer is provided as below as ,
Q: 5. A movement along a supply curve for a good happens: a. If price or quantity supplied of the good…
A: A supply curve is called the connection between the amount of a good or service in supply and the…
Q: What is the maximum amount of new loans that this bank can make?
A: A bank can give loans to the public only after keeping some reserves out out total demand deposits.…
Q: Again, please use the following data for an economy that has only two banks, Bank A and Bank B.…
A: Given; For Bank A:- Reserves on hand= $65000Deposit in the Fed= $40000US government bonds=…
Q: AE AE2 AE B 2,000 700 200 450 2,000 A efer to the above figurę, Along the AD Y
A: Marginal propensity to consume (MPC) measures the change in consumption due to a change in income.…
Q: A permanent decrease in the saving rate s. Select all that apply. steady state output per effective…
A: The saving function shows the direct relationship between savings and disposable income. It means as…
Q: With the aid of graphs, explain: (a) demand-pull inflation (b) cost-push inflation.
A: The inflation refers to the rise in the prices of the goods and services over a period of time. It…
Q: The demand function for a certain product is determined by the fact that the product of the price…
A: The cost is the expenditure that is incurred in the production of goods and services in an economy.…
Q: In an economy, autonomous consumption is $10. If Income is $90 and the mpc is 0.9, how much is…
A: Marginal propensity to consume refers to change in consumption with respect to change in income.…
Q: Firm A: TC = 10 + 60Q - 10Q^2 + 0.6Q^3 Firm B: TC = 2 + 50Q - 7Q^2 + Q^3 the graph below presents…
A: TCA = 10 + 60Q - 10Q2 + 0.6Q3 TCB = 2 + 50Q - 7Q2 + Q3
Q: Economics 3. Consider the following table that presents the labour requirements for production in…
A: When nations or sub-national territories are able to buy and sell products and services with one…
Q: Given the cost data in the table below, the firm will shut down and produce zero output if the…
A: The firm incurs loss if total revenue earned is less than total cost. It implies that firm is not…
Q: Find the Break Even Quantity of production for the following information. Given:…
A: (Q) Find the Break Even Quantity of production for the following information. Given:…
Q: 3.45 Today, an engineer deposited $10,000 into an ac- count that pays interest at 8% per year…
A: Calculate the Future Value of $10,000 for months 2, 11, and 23, then subtract $1000 from each.…
Q: Given the information in the extract, the Simple Keynesian Macroeconomic Model concludes the…
A: The primary premise of this school of thought is that government intervention can stabilise the…
Q: Right now, the USA is facing inflation. Which of the following would we LEAST likely see as a…
A: In the United States, if there is a high inflation, it explains the expansionary situation in the…
Q: a) Start with a model of the situation before the crisis in Ukraine. Draw a model of a…
A:
Q: 1. Firms competing in an oligopoly could essentially cooperate a. and act as one monopolist and…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
TC=$12
TVC=Q^2
Total Profit=$20
Find Total Fixed Cost
Step by step
Solved in 2 steps
- Help meThe economic profit is $3000, Total revenue is $5000, explicit cost is $800 Calculate implicit costUse table to find the required values: Price $32 Quantity 400,000 Explicit costs $3,500,000 Implicit costs $4,100,000 (A) Calculate total revenue. (B) Calculate accounting profit. (C) Calculate economic cost. (D) Calculate economic profit.
- 50 MC ATC 30 MR 10 10 20 30 40 Quantity (per day) How much profit or loss does the firm make at the selected output level? 40 20 Price and costs (dollars)Don't use chatgpt or any AI A profit-maximising firm in a competitive market is currently producing 1,000 units of output. It has average revenue of $50, average total cost of $40 and fixed cost of $10,000. a) What is its profit? b) What is its marginal cost? c) What is its average variable cost? Is the efficient scale of the firm more than, less than or exactly 1,000 units?The following graph shows the firm-specific demand, Marginal Revenue, and Marginal Cost for Sarah's Sandwich Shed, which operates in a Monopolistically Competitive market. Price $18 $16 MC $14 $12 $10 $8 $6 Demand $4 $2 MR 50 100 150 200 250 300 350 400 450 500 Quantity of Sandwiches per Day MacBook Air
- Output Price Total Cost 0 1000 500 1 600 520 2 500 580 3 400 700 4 300 1000 5 200 1500 What is the profit maximizing profit?The graph shows the short-run cost curves of a toy producer. The market has 1,000 identical toy producers. The market price of a toy is $21. In the short run, the firm produces toys a week. 24- 21- 18- 15- 12- 9- 0 500 1000 1500 2000 MC ATC AVC 2500help me please
- Refer to the table below: Quantity (Bushels) (Q) 0 1 2 DEEL AWN 6 10 Total Revenue (TR) $0.00 4.00 8.00 12.00 16.00 20.00 24.00 28.00 32.00 36.00 40.00 Total Cost (TC) $1.00 4.00 6.00 7.50 9.50 12.00 15.00 19.50 25.50 32.50 40.50 Profit (TR-TC) -$1.00 0.00 2.00 4.50 6.50 8.00 9.00 8.50 6.50 3.50 - 0.50 Marginal Revenue (MR) $4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 Marginal Cost (MC) $3.00 2.00 1.50 2.00 2.50 3.00 4.50 6.00 7.00 8.00 bushels of wheat (enter a whole number). Farmer Parker will maximize profits by producing Suppose that the marginal cost of wheat increases by $0.50 for every bushel of wheat produced. For example, the marginal cost of producing the eighth bushel of wheat is now $6.50. Will this increase in marginal cost change the profit-maximizing level of production for Farmer Parker? How much profit will Farmer Parker make now? $ (round your answer to the nearest penny).If marginal revenue is $430 and the marginal cost is $320 Find marginal profitThe market for apple pies in the city of Ectenia iscompetitive and has the following demand schedule:Price Quantity Demanded$1 1,200 pies2 1,1003 1,0004 9005 8006 7007 6008 5009 40010 30011 20012 10013 0Each producer in the market has fixed costs of $9 andthe following marginal cost schedule:Quantity Marginal Cost1 pie $ 22 43 64 85 106 12a. Compute each producer’s total cost andaverage total cost for each quantity from 1 to6 pies.b. The price of a pie is now $11. How many pies aresold? How many pies does each producer make?How many producers are there? How much profitdoes each producer earn?c. Is the situation described in part (b) a long-runequilibrium? Why or why not?d. Suppose that in the long run there is free entryand exit. How much profit does each producerearn in the long-run equilibrium? What isthe market price? How many pies does eachproducer make? How many pies are sold inthe market? How many pie producers areoperating?