"Prague-based Kamil Brejcha, co-founder of Czech digital currency trading platform NakamotoX, is using the excess heat given off by his mining equipment to help grow greenhouse vegetables. He recently shared on Twitter that he successfully achieved growing bunches of tomatoes he affectionately calls "cryptomatoes. Heat from Brejcha's mining rigs is blown into greenhouses containing five acres of tomatoes, he says, instead of using traditional heaters- the custom where local climate doesn't allow for growing tomatoes outdoors during the winter." The availability of the heat from the mining of digital currency will have which of the following effects in the market for tomatoes? O A. There will be an increase in the demand for tomatoes. O B. The equilibrium price will decrease. ○ C. The equilibrium price will remain unchanged. D. The equilibrium price will increase.
Q: What is the measure of exploitation of workers – (the difference between the Value of Marginal…
A: The labor supply (LS) curve, the value of the marginal product (VMP), and the marginal cost of labor…
Q: Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate rate. -…
A: a. The real GDP can be calculated as follows: Real GDP=GDP DeflatorNominal GDP×100Real…
Q: do fast don't use chatgpt answer A chemical process in your plant leaves scale deposits on the…
A:
Q: QUESTION 14 Five friends go to a restaurant. They talk about how to divide the check Under which of…
A: Out of the given options, the arrangement where the group would likely spend the most is:b. They…
Q: Question 5 Part A: You are considering a large commercial property purchase. You will need an…
A: A Cash Flow Diagram (CFD) is a visual representation of the inflows and outflows of cash over a…
Q: Student question do fas i will 10 upvotes don't use chatgpt answer. The downturn in output and…
A: When the US housing market's ten-year expansion peaked in 2006 and residential construction started…
Q: Consider a model in which individuals live for two periods and have utility functions of the form U…
A: The individual's utility function is given by U = ln(C1) + ln(C2), where C1 and C2 are the…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Identify the where the independent and dependent variable can be found on line graph (the…
Q: Which fiscal policy would make a budget surplus smaller or a budget deficit larger? a. an increase…
A: Option a) an increase in government purchases of goods and services: This option is correct because…
Q: Conceptually, Answer for a given time period is the earnings for that period (even if not realized…
A: Conceptually, for a given time period, the earnings for that period (even if not realized in cash)…
Q: Answer all parts (a)-(d) of this question.There are two goods in the economy: good x and good y with…
A:
Q: None
A: Step 1:Discount on issue of bond = Face value - Issue price = $325,000 - $292,181=$32,819 Step 2:As…
Q: Point (b) compared to point (e) (a) represents a higher level of utility. (b)…
A: Based on the graph, which appears to be depicting a market for a product, point (b) represents the…
Q: How much will the money supply increase if excess reserves increase by $40 million and the reserve…
A: The money multiplier is a concept in economics that measures the maximum amount of commercial bank…
Q: Consider a Cournot duopoly, the firms face an (inverse) demand function: Pb = 530 - 17 Qb.The…
A: Detailed explanation: Step 1: Establishing Reaction Functions In the Cournot model, each firm…
Q: =05 23 24 31 32 Ob many fri Oc one small m Od a few large s 39 40 48 Question 27 Price 2000T4051 $14…
A: Let's delve deeply into the explanation of both answers, ensuring clarity and providing thorough…
Q: Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or…
A: In economics, the opportunity cost of a choice is the value of the best alternative forgone, in a…
Q: PLS HELP ASAP ON BOTH
A: False. Descriptions of products and services should typically address the features, benefits, and…
Q: PLS HELP ASAP ON BOTH
A: 1st Question:Customer service ends when the house is completed.TrueFalseThe statement is False.…
Q: 47. What will happen to employment if the government sets a minimum wage at $140? (a)…
A: If the government sets a minimum wage at $140, option (a) Employment will decrease to 15 is the…
Q: For the below cash flow, knowing that: i=10% per year Present equivalent = 500 3000 O a. 484.68 O b.…
A: To calculate the present equivalent of the cash flow provided, we need to consider the information…
Q: (4) Consider a Cobb-Douglas utility function U(1,2) = ria, where U is the utility level, x, and 2…
A: The utility maximization problem is to choose the amounts of commodities x1 and x2 to maximize the…
Q: None
A: a.Let's calculate the monthly change in sales:Change from month 0 to 2: 2.1 - 0 = 2.1Change from…
Q: Suppose the current economy requires $6 million for transactions. The table below shows the interest…
A: The total asset demand when the interest rate is 6 percent can be calculated by referring to the…
Q: At P = $6, this firm's total profit or loss will be:
A: In pure competition, there are many firms in the market, each producing an identical product, and no…
Q: . (a) If a firm sells Q tons of a product, the price P received per ton is P = 1000 - 13Q. The price…
A: a) The profit function (π) is determined by the total revenue and total cost functions. It is the…
Q: Coffee grown in Guatemala is priced at 19 Guatemalan quetzal per pound (Guatemalan quetzal, or GTQ,…
A: Given:price of coffee grown in Guatamela = 19 GTQ per poundPrice of coffee grown in U.S = $6.20 per…
Q: Which of the curves above depicts a natural monopoly industry?
A: A natural monopoly arises when one company or firm can make goods or services at a lower cost than…
Q: You are an executive for Super Computer, Inc. (SC), which rents out super computers. SC receives a…
A:
Q: Explain socialist and mixed economic system.
A: FEEL FREE TO ASK FOR CLARIFICATIONS.
Q: None
A: Labor Force Size:The labor force consists of individuals who are either employed or actively seeking…
Q: Please help me with 2 and 3. Thank you
A: a) How many panels will the firm sell in each market?To solve for the number of panels sold in each…
Q: Please help me with 4 and 5. Thank you
A: a. The consumption function is C = 1.5 + 0.8(Y - T).The marginal propensity to consume (MPC) is the…
Q: quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat…
A: Step-by-Step Explanation: 1. What We're Trying to Find Out: We need to know how many repeat…
Q: Provide a brief and seperate explanation of the trends shown in the graphs attached.
A: Approach to solving the question: Identify Data: Let's look at the SA unemployment rate figures from…
Q: K Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 15%…
A: a. In the exchange table, we are asked to calculate the distribution of output from each sector to…
Q: Define the aspects of perfect competitive market in detail.
A: Ans. A market structure with the highest level of competition is referred to as a perfectly…
Q: File Edit Format View Help When someone opens a business, it is because they want to fulfill…
A: Imagine you own a small business and you want to make it successful. You work hard to make money and…
Q: Consider the graph below that represents the demand curve for a good, the marginal revenue of a…
A: You've described a situation where a single firm has the opportunity to innovate, potentially…
Q: The table below shows information on the adult population of a small country. Employment…
A: The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a…
Q: Question 4 Part B: You have decided to invest in a project to build and run a production line for a…
A: The initial cost is a one-time cost incurred in Year 0. Therefore, its present worth is simply the…
Q: What is the net welfare gain from trade to the economy of country 1?
A: The image shows three diagrams representing supply and demand curves for two different countries.…
Q: Exercise 3.12. Three players, Avinash, Brian and John, play the following game. Two cards, one red…
A: (a) The extensive-form game representation of this situation can be illustrated as follows (b) The…
Q: 1.500 $72 $68 $64 $60 $56 $52 $48 $44 $40 $36 $32 $28 $24 $20 $16 $12 $8 $4 $0 1,800 2,100 2,400…
A: Detailed explanation:Market Dynamics and Graph InterpretationThe analysis begins by understanding…
Q: Figure 1. On the left-hand graph, MS represents the supply of money and MD represents the demand for…
A: The multiplier effect refers to the magnified impact of a change in autonomous spending (in this…
Q: What would be the short-run equilibrium quantity produced by this firm if the market price were $25?
A: In case of perfect competition, the equilibrium occurs at a point where the price matches the…
Q: If supply changes from S1 to S2 and demand changes from D1 to D2 (a) equilibrium quantity…
A: Correct AnswerIn the given diagram, when the supply curve shifts from S1 to S2 and the demand curve…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Diminishing point focuses is intently attached to straight viewpoint, a strategy utilized in…
Q: Question 4 Part E: You have decided to invest in a project to build and run a production line for a…
A: The initial cost is a one-time expense that occurs at the beginning of the project (Year 0).…
Q: Suppose the Federal Reserve has set the money supply at $10 million. The table below shows the…
A: In economics, the equilibrium interest rate is the rate at which the quantity of money demanded…
Step by step
Solved in 2 steps
- Video streaming service Netflix is expanding rapidly around the globe. It is currently available in 50 countries with the goal of expanding to 200 countries by the end of 2016. Netflix’s international slogan is “Have content, will travel.” There are challenges to international expansion for this type of service, such as inadequate disposable household income and a low percentage of households with high-speed Internet needed to stream videos. And even though almost half of France’s TV-owning households have Internet-connected TVs, cultural restrictions limit English-language program content, requiring Netflix to invest in local content for French customers. The next countries to get Netflix are Italy, Spain, and Portugal. Similar to Netflix’s other European offerings, service will be offered at a price of €7.99 per month, which converts to U.S. $8.97 during the time of expansion. Calculate the market sales potential using the current exchange rate between euros and U.S. dollars (see…Frontline Agricultural Processing Systems uses several ingredients to make wheat crackers. After several years of operations and testing, their scientists found high protein and carbohydrates in two of their ingredients, barley and corn. While an ounce of barley costs $0.25, an ounce of corn costs $0.46. While an ounce of barley provides 9 mg of protein and 1 mg of carbohydrates, an ounce of corn provides 7 mg of protein and 5 mg of carbohydrates. Recently, demand for wheat crackers has increased. To lower the overall cost of producing wheat crackers, Frontline Agricultural Processing Systems will want to know how many ounces of barley and corn to include in each box of wheat crackers to meet the minimum requirements of 160 milligrams of protein and 40 milligrams of carbohydrates. If the carbohydrate requirement is decreased to 20 milligrams, how much reduction will the new optimal objective value change by? Round to 2 decimal places.Suppose the outputs of beauty shops and pet-grooming salons are complementary, providing one-stop shopping for personal and pet maintenance. Betty Beehive is thinking about moving her beauty shop from an isolated location to a vacant building next to Peter’s pet grooming shop.In making her decision, she makes the following assumptions: If Betty moves, she will keep all her current customers (20 people per week) and attract 25% of Peter’s current customers. Peter currently has 60 customers per week. 3. Excluding rent, Betty’s profit per beauty treatment is $10. 4.The weekly rent at the new location is $200 higher than Betty’s current rent. Question = If Betty moves her beauty shop, will her profits increase or decrease? By how much? Question =Suppose that if Betty makes the move, 50 percent of her original customerswill switch from George’s grooming salon to Peter’s. If Peter’s profit pertreatment is $8, how much would he be willing to pay Betty to make themove? Will the…
- You sell homemade candles online for $50 each and you hire your family members to make the candles. It takes a family member 1 hour to produce a candle and you pay them $15 per hour. Production of each candle requires $10 worth of materials. You also have to pay Etsy $500 each month for the right to sell as many candles as you would like on their website. How many candles do you have to sell each month to break even? Enter your answer as a number below.Why Real Saffron Is So Expensive Even in the expensive world of spices, saffron stands out. And real saffron can cost you over $10,000 per kilogram. Saffron is the red stigma of the Crocus sativus. Each crocus has three small stigmas that have to be picked carefully by hand. No machine can do the delicate work required to harvest these thin threads. And it can take 40 hours of hard manual labor to produce just 1 kilogram of high-quality saffron. Rising labour cost supports the price of saffron. Expansion of healthcare sector is anticipated to remain a driving force for the saffron market in the coming decade. Saffron has crocin and safranal that are known to cure various types of diseases. It is used in several herbal and pharmaceutical drugs owing to rising awareness among consumers regarding health benefits of saffron. b. From the above article, identify the factor that affects the supply of saffron. Clearly state how this affects supply of saffron.Why Real Saffron Is So Expensive Even in the expensive world of spices, saffron stands out. And real saffron can cost you over $10,000 per kilogram. Saffron is the red stigma of the Crocus sativus. Each crocus has three small stigmas that have to be picked carefully by hand. No machine can do the delicate work required to harvest these thin threads. And it can take 40 hours of hard manual labor to produce just 1 kilogram of high-quality saffron. Rising labour cost supports the price of saffron. Expansion of healthcare sector is anticipated to remain a driving force for the saffron market in the coming decade. Saffron has crocin and safranal that are known to cure various types of diseases. It is used in several herbal and pharmaceutical drugs owing to rising awareness among consumers regarding health benefits of saffron. a. From the above article, identify the factor that affects the demand for saffron. Clearly state how this affects demand for saffron. b. From the above…
- +. MindTap - Cengage Learning geBrain - My Home https://ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9781337106603&id=D605113824&snapshotld%3D1398187& Q Search this CENGAGE MINDTAP Homework (Ch 08) 1. Individual Problems 8-1 The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $22, $12, $8, $4, and $2 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $8, $12, $22, $30, and $38 (one buyer at each price). For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied. Quantity Supplied Quantity Demanded Price (widgets) (widgets) ($ per widget) $2 $4 $8 $12 $22 $30 $38 widgets. per widget, and the equilibrium quantity will be In this market, the equilibrium price will be EO WE O Type here to search %24Roger Clark obtains long-stem roses from Fred’s Flowers each Friday for sale to the public. Fred generally sells Roger flowers that, if left over the weekend, would likely be unsalable the next week. Hence, he is willing to give Roger a good price on his remaining long-stem roses and to take back any roses that are not sold over the weekend and give Roger partial credit for them. Roses are sold to Roger in quantities or units of one dozen each and at a price of $10 per dozen. Roger sells the roses for $15 per dozen, and any remaining unsold over the weekend can be returned to Fred at a credit of $8 per dozen. Although the number of roses remaining to be sold at the end of the week varies, Fred is willing to let Roger have as many as six dozen each weekend and supply him with fresh flowers at the same price if Roger desires more than the quantity of “old” roses that Fred has. Characterize this decision problem both in terms of the various states of nature (demands) and in terms of the…The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU Total Marginal Total |Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $100 3.0 $300 $1,200 3.5 $1,900 $1,500 4.0 $2,000 $400 Application of the Cost-Benefit Principle would lead one to purchase a computer.
- 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufac- tures 64-megabit dynamic random-access memory chips (DRAMs) for personal comput- ers (PCs). One year ago you acquired the land for this facility for $2 million, and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing and investing. You could sell the land, plant, and equipment today for $8 million; you estimate that the land, plant, and equip- ment will gain 6% in value over the coming year. (Use a one-year planning horizon for this problem.) In addition to the cost of land, plant, and equipment, you incur various operating expenses associated with DRAM production, such as energy, labor, raw materials, and packaging. Experience shows that these costs are $4 per chip, regardless of the number of chips produced during the year. In…Q#3: XYZ construction are manufactures of slabs and are the major suppliers for orange train in Lahore. XYZ is manufacturing two types of slabs. The cost for these two types of slabs are $175 and $225, respectively. XYZ current production capacity is 200 slabs (both types). Because of the urgency of the need, government of the Punjab would pay the manufacture a bonus of $50,000 plus an additional $25 for each of the unit greater than 200. Determine the function which determine the sales of the number of slabs provided of each type by XYZ construction. What is the expected profit if XYZ is manufacturing 150 slabs of type 1, and 250 slabs of type ILThe following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU Total Marginal Total Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $100 $1,200 $1,500 3.0 $300 3.5 $1,900 4.0 $2,000 $400 The total benefit of a 3.0GHZ computer is: