A price-taker perceives a demand curve that: is perfectly inelastic. is perfectly elastic. has an elasticity of zero. is unitary elastic.

Q: Question 2 Q 0 1 23 8 3 TC 5 M What is the correct value for M? VC FC AC 6 AVC H 5 AFC MC 3

A: Here, the given table provides some value related to different types of cost associated with the…

Q: Jack's car repair factory has the Total Cost function TC(Q)=3.30³-540-8 where Q stands for the…

A: Cost Function  The functional relationship between cost and output is referred to as the cost…

Q: The demand functions of individual A and B for a public good (G) is given by: PA = 500-2G & PB =…

A:

Q: Fatima shop demand and supply function of a particular goods is given as: Qs=2P, Qd=140-5p 1. find…

A: Demand and Supply  Demand refers to the quantities of a commodity that the consumers are ready to…

Q: QUESTION 1 Policies for controlling toxic emissions include the following: A. Controlless of toxic…

A: Globalization  Globalization is the movement of financial products, goods, technology, information,…

Q: At the beginning of every three months, a college student deposits $3,000 in a fund that gives 2%…

A: Depositing every three months till 48 months at the beginning  forms the annuity series or annuity…

Q: 1. At what production level would the marginal cost exceed the average cost?  2. How many barrels of…

A: The increase in revenue that results from the sale of one additional unit of output is known as…

Q: Given the Production function for Mwaba & Mutale Enterprises as follows: Q = f (k,l) = 300k 2l2 - k…

A: Introduction Production is said to be the transformation of input into output. Total product is the…

Q: Raising the minimum wage to $15 an hour will add fairness to our economy and bring dignity and…

A: Classification of unemployment: demand deficient,  frictional, structural, and voluntary…

Q: 1. Assume that human capital skills from education decay over time because the knowledge gained by…

A: Discrimination  Age, gender, weight, ethnicity, religion, or even politics can all be grounds for…

Q: You earn $50,000 a year in 2019. At the beginning of 2019, you can buy your necessities for $500 per…

A: Salary in real terms is salary adjusted for inflation

Q: 1. Key facts about economic fluctuations Help me check it !!! The following graph approximates…

A: Economic fluctuations are simply oscillations in the position of the public income of a country…

Q: Suppose the paper production industry causes a negative externality and paper is sold in a perfectly…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Which statement is INCORRECT? O To calculate the US GDP, statisticians add up the market value of…

A: Intermediate goods are those goods that are used in the production of final goods.  Final goods are…

Q: Whatvis the money flow

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: The difference between economic profit and accounting profit is that economic profit is calculated…

A: Introduction A producer will be in equilibrium if he maximize his revenue and minimize his cost.…

Q: Rick's ski board factory has the Total Cost function: TC(Q)=0.02Q³ +300Q +200 where Q is the number…

A: The total cost function is the sum of the variable and the fixed cost. The variable cost is the cost…

Q: tion 11 nation's potential output/GDP is best described as: The maximum growth rate of output/GDP a…

A: GDP is the market value of final goods and services produced in the country within a period of time

Q: A pharmaceutical company developed a new product over a 5-year period with the following costs:…

A: First/Initial cost = $60,000 Annual costs = $22,000 Annual revenues = $42,000 Salvage value = $6000…

Q: If the VMP of the last worker hired is $45 and the wage rate is $40, the firm should O lower the…

A: The situation that depicts when people are able and capable to work but are not able to find jobs in…

Q: 3. In a given economy potential GDP is at $4,000,000. If equilibrium/actual GDP is $3,200,000,…

A: potential output economy get when economy operates at full employment situation .  Full employment…

Q: Can you tell me this? a. Determine what the equilibrium price is from the supply and demand table…

A: We can identify the equilibrium price by two method, first, by equating both demand and supply…

Q: Suppose that the inverse market demand curve for cloth is p = 150 - 2Q, the private marginal cost…

A: Given; Market demand curve; p=150-2Q Private marginal cost; MCp=75+Q Private marginal damage from…

Q: a. how much potential output was lost as a result of the Trump tariffs? b. If a new house costs…

A: a.) If GDP grew by $800 billion in 2019 potential output was lost as a result of the Trump  tariffs…

Q: Since in competitive markets the goods are nearly identical,   Group of answer choices   A.…

A: Competitive market is a market structure in which there are many buyers and many sellers. There is a…

Q: Suppose that a firm produces identical commodities and sell them in two separate markets charging…

A: Given  Demand functions:  P1=100-Q1       .... (1) P2=80-Q2         .... (2) Cost function: C(Q)=6Q…

Q: The graph shows the market for smartphone chargers. Draw a point to show the price of a smartphone…

A: Tax is a measure of cash/money that you need to pay to the public authority so it can pay for public…

Q: 1) The standards for a product call for 2.5 pound. Last month, 30,000 pounds of the raw material…

A: In variance analysis direct material price variance is the difference between the standard cost and…

Q: 622) The accompanying table lists the cross-price elasticities of demand for several goods, where…

A: The cross elasticity of demand measures the responsiveness of one good's quantity demanded when the…

Q: When positive externalities are present in the consumption of a good, the marginal social benefit…

A: At the marketplace, when a good is generating externality, it will have an additional cost or…

Q: Table 1 O search The table shows the maximum quantities of goods X and Y that this economy can…

A: The table shows the maximum of good x and good y can be produced with given level of different…

Q: Y5

A: Based on the ownership of the resources, the economy can be divided into command, market and mixed…

Q: Calculate Price Elasticity of Demand for pens when the price rises from $4 to $6 a pen and quantity…

A: Price Elasticity of Demand is showing the sensitivity of changing quantity demanded to the changing…

Q: In the income-expenditure model, if autonomous investment decreases by $10 billion, a. planned…

A: The relationship between income and expenditure in an economy is depicted by the income expenditure…

Q: Suppose that the government int sets it at 2,250 pounds per week. What are the market price of stra…

A: Production quota sets at 2250 pounds per week At this quota, quantity supplied is equal to quantity…

Q: QUESTION 1 Alex has a budget of $100 a month for movie tickets and restaurant meals. A movie ticket…

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Q: The federal government “supports” the price of wheat by paying farmers not to plant wheat on some of…

A: Please find the answer below.   EQUILIBRIUM PRICE: An equilibrium price, also known as a…

Q: .3 R and B Railroad decided to reduce their fares to see if it would help their business. They…

A: Given, Reduction in ticket price = 25% Increase in revenue = $325,000 per month to $332,000

Q: The following graph shows the daily market for small cardboard boxes in San Diego. mall box) 10 9 8…

A: In a perfectly competitive market, there are a large number of identical firms which sell homogenous…

Q: rom the economic Keynesian perspective, what do you think about it? In your post, be sure to…

A: The Keynesian economics marks the dramatic departure from the classical economics. The keynesian…

Q: The graph shows the market for shrimp. The government passes a new law that requires producers to…

A: When demand and supply curve intersect then it brings the  market in equilibrium. At equilibrium…

Q: The table shows the demand and supply schedules for sandwiches. What is the equilibrium price, and…

A: Efficiency is achieved where total surplus, sum of consumer and producer surplus is maximized

Q: Social efficiency consists of which of the following: the sum of consumer and producer surplus the…

A: The sum of consumer surplus and producer surplus is total surplus.  i.e., Total surplus = Consumer…

Q: (d) What is the variable cost? ta What is the fixed cost?

A: since the cost of renting tuxes for choral societies formal is $19 down plus $85per tax. so, The…

Q: d. If imports were to increase by $16000 so they are now equal to $32000, solve for net exports…

A: Real GDP Consumption Ig Government Export Import Net Export…

Q: a. Using the midpoint method, what is the price elasticity of demand when the price changes from…

A: Elasticity can be calculated by using the mid point method. It is given by the formula Elasticity =…

Q: in Assume the following macroeconomic conditions in the United States and that US policy makers…

A: Here, the information about output, unemployment rate and inflation rate in United States is given…

Q: Game Theory a)  Consider the following game represented by the game tree below. If you observe Blue…

A: There are two players - Blue Bank & Green Bank  Strategy Set of Blue Bank : { High , medium ,…

Q: If the cross-price elasticity between ketchup and hamburgers is –1.2, a 4% increase in the price of…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: the short run, a firm's average variable cost will increase as its output increases because

A: The variable cost refers to the cost which changes with change in the level of output.  AVC = TVC/Q.