Demand function is D(p) = 65-p. There are unknown number of firms with a total cost function C(q)= q^2 + q + 4 Find the supply of each firm Fund the total number of firms in the kong run Suppose demand drops to D(p)=62-q Find the price and number of firms in the short & long run
Q: 50) Everything else held constant, when bonds become less widely traded, and as a consequence the…
A: Bonds are fixed-income instruments that signify a loan forwarded by an investor to a borrower.
Q: LRAS Aggregate Supply XX Aggregate Demand 1 Aggregate Supply LRAS (?)
A: The equilibrium level or state of balance in the economy is decided when AD and AS are equivalent.…
Q: You were just informed of the interest rate on your student loan. It is stated as 0.7% per quarter.…
A: The interest rate calculated without taking inflation into account is referred to as the nominal…
Q: Vincenzo is [Select] the labor force. He [Select] unemployed. Vincenzo is suffering from [Select]
A: The measure that depicts people who are capable and able to work but are not able to find suitable…
Q: Suppose you have a team of two workers: one is a baker and one is a chef. Your baker is talented but…
A: The measure that depicts the exchange of goods and services among countries or entities in lieu of…
Q: Cold Turkey policy is believed to be the most inefficient anti-inflation policy. TRUE or FALSe?…
A: Cold-Turkey policies aim to get inflation rates as close to a goal as feasible. Gradualist policies…
Q: How would the following changes shift aggregate demand? Label whether it is an "increase in…
A: The government increases taxes - Aggregate demand shifts left Explanation As personal taxes rise,…
Q: "Assume an economy described by the following equations: Y=C+I+G, G = 1000, T = 1000, C = 500+…
A:
Q: Table 1 Quantity Price Quantity Price Item 1990 1990 1991 1991 Coffee 10 ‒‒‒‒ 8 $50 Sugar 20 $1 15…
A: Merely in simple words we can say that the Consumers price index basically or actually measures the…
Q: 45) An increase in the expected rate of inflation will the expected return on bonds relative to the…
A: Answer- Expected Inflation :- It is an expected increase in the price level over a time interval
Q: What particular governance devices are helping or hindering good governance in these countries…
A: Governance is a term that is used to define the government system prevailing in a particular…
Q: Buffy is thinking about opening an amulet store. She estimates that it would cost $350,000 per year…
A: Opening new business require to analysis the cost amd benefits of it . And also consider the amount…
Q: Write a brief explanation of each of the following terms:< a. specific tariff b. intra-industry…
A: A tariff refers to the imposition of the tax by one nation on the goods and services offered over…
Q: 15. If a nation is operating at full employment and the central bank engages in contractionary…
A: Actually in simple words we can say that the unemployment rate is basically referred to as…
Q: Question 3 Velocity of Money is V=(PXY)/M V=(YXM)/M V=(PXY)/Y O V-Money/(PXY)
A: Velocity of money tell us the how much times a $ change hand in a given time frame.
Q: Production function: q= 3.2f+0.2fl+1.6l f is the amount of fertilizer l is the hours of labor…
A: We use the formulas: Total Revenue = Price*Quantity Total Profit = Total Revenue - Total Cost
Q: To earn extra money in the summer, you grow tomatoes and sell them at a compost to your garden, you…
A: Use the below formula to fill the table: Additional pounds of tomatoes = Pounds of tomatoes at n…
Q: May I have a better diagram for this question pleas and thank you!
A: Given Initial investment or principal value = $16,211.85 After 6 year, Blue Spruce Motel will…
Q: Use the chart below to calculate the growth rate in real GDP per Capita. Nominal GDP Population CPI…
A: The measure that depicts the final value of goods and services being produced in an economy during a…
Q: Could you put this game tree into game matrix form and find the nash equilibrium please. I will up
A: The strategic interplay of economic agents is modelled using game theory. One of the most important…
Q: 5. Choice between direct exporting and FDI Das Spielzeug is a profit-maximizing firm producing…
A: The best production strategy is a strategy that minimizes the overall average cost of production.
Q: An open economy is defined by C=100+0.8(Y-T) I=400 X=0.3Y* IM=0.3Y T=1000, G=1000, Y*=1000 Net…
A: Export is the foreign demand of domestic products Whereas import is domestic demand for foreign…
Q: 47) The demand curve for bonds has the usual downward slope, indicating that at prices of the bond,…
A: In the bonds market, it can be seen that the demand curve of bonds is usually downward sloping…
Q: 37) A financial market in which previously issued securities can be resold is called a market. A)…
A: In financial markets stocks, bonds, treasury bills, securities, etc. are traded.
Q: Question 2: What are the two externalities that are associated with driving cars and trucks? Are…
A: An externality, also known as an external cost, is the term given to the phenomenon in which one…
Q: Explain how the slope of IS curve affect the outcome of expansionary monetary policy (increase in…
A: Expansionary monetary policy Expansionary monetary policy functions by rapidly growing the money…
Q: Which of the following is an example of second-degree price discrimination? an airline company that…
A: Price discrimination refers to the practice of charging different prices to different consumers.
Q: Subject: Manegerial economics & policy Hypothesis 1: The price of pizza (X1) is an inverse…
A: Demand function shows us the relation between the price of a good and its quantity that the consumer…
Q: A large textile company is trying to decide which sludge dewatering process it should use ahead of…
A: Given, Centrifuge:- First cost = -235,000 AOC = -48,000 Salvage cost = 40,000 Life = 6 years…
Q: Suppose market demand for mobile operators is expressed by Q=90-3P where Q is measured by calls in…
A: Given information Demand function Q=90-3P MC1=20 MC2=10 MC3=10 In Bertrand model each firm compete…
Q: Mr. Diddy grows and sells Pineapple. His company is named "Do it Diddy Way!!" Suppose that to…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: QUESTION 9 A company currently sells for $100 a product that has a variable cost per unit of $48.…
A: Variable costs change in light of how much result created. Variable expenses might incorporate work,…
Q: Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a…
A: Social cost is a sum of private cost and external cost. External cost is the cost imposed on society…
Q: C Price (S) Pworld tariff Pworld Dnz Os Qd1 Qd Quantity Import (after tariff) Import (before tariff)…
A: Consumer surplus arises when maximum price consumers are willing to pay is greater than market…
Q: The multiplier is 2.5 and the SAS curve is upward sloping. Investment increases by $20 billion. In…
A: When the money wage rate and other resource prices remain constant, the short-run aggregate supply…
Q: The Philippines Transmission Co. makes and sells certain automotive parts. Present sales volume is…
A: Total profit is given by the difference of total revenue and total cost and the break even point is…
Q: A construction firm needs a new small loader. It can be purchased for $20,000. The firm expects the…
A:
Q: 10:20 docs.google.com/forms OB) reduce; real OD) raise; real C) raise; financial [6] 52 :
A: Bond Markets. Markets in which bonds are given and traded. Treasury Notes and bonds. Long haul…
Q: Exhibit 16.7 Price level 26 22 16 10 6 Potential Output a ▬▬ OL AD bike 2 SRAS Real GDP 0 80 Y* 200…
A: In the figure, potential output is 140. The economy will be at full employment when actual GDP is…
Q: A monopoly is considering selling several units of a homogeneous product as a single package.…
A: Information given is as follows:- Demand for product is:- Qd = 120 - 0.25P Marginal cost of…
Q: 2. The demand curve and supply curve for one-year discount bonds with a face value of $900 are…
A: The demand for bonds is given as: Q = -2.5P + 100 ...(1) The supply of bonds is given as: Q = P/2 +…
Q: Explain why the aggregate supply(AS) curve gets steeper as real GDP increases. .
A: Real GDP: Real GDP can be defined as the actual GDP or aggregate actual production of goods and…
Q: Suppose that the Phillips curve is given by +0.1-2 u₂ and expected inflation is given by where 0 is…
A: Under this other option, various elements influence the assumption for inflation. A significant…
Q: Consider the competitive market for steel. Assume that, regardless of how many firms are in the…
A: Answer: The supply curve is the rising portion of the marginal cost curve above the minimum point of…
Q: Explain how automatic stabilisers can slow down a recession. Explain two (2) fiscal measures the…
A: Automatic stabilizers helps in maintaining the economic balance in the country.
Q: 5. Refer to the following table. P Qd Qs 1 6 10 60 5 20 1 4 25 40 6 3 30 30 2 50 20 1 60 10 Original…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Think about several different types of industries or markets and the amount of time it might take to…
A: The measure that depicts the size of business operations that are being measured by the maximum…
Q: Consider two individuals with endowments of T 5 60 hours (per week) of leisure, nonlabour income of…
A: Given endowments:- T=60 hours per week Wage=$7.50 per hour constraint to work 40 hours per week…
Q: Suppose in an economy Emmaland, the Beveridge curve can be described as v = √B-u², where u is the…
A: Labor Force refers to the total number of workers that are either employed or unemployed but…
Q: Based on the graph below , the opportunity cost of producing at point C instead of A is…
A: Production possibilities curve shows different combinations of two goods that can be produced with…
Step by step
Solved in 4 steps
- 40 - 2P and its total cost 5. A firm's demand function is Q function is defined as TC = 100 + 2Q + 0.25 Q? . Use these two functions to form the firm's profit function and then determine the level of output that yields the profit maximum. What is the level of profit at the optimum level of output?A price-taking firm's variable cost function is vC = 20°, where Qis its output per week. It has a sunk fixed cost of $256 per week. Its marginal cost is MC = 6Q°. a. What is the firm's supply function when the $256 fixed cost is sunk? Instructions: Enter your answer as a whole number. Q= (P/6)0.5 for P $| b. What is the firm's supply function when the fixed cost is avoidable? Instructions: Enter your answer as a whole number. Q= (P/6)0.5 for P2 $The demand and total profit function, P(x) for rooms in a hotel are given as follows. 3x = 600 - P P(x) = 450x – 3.5x2 - 4000 Where p is the price in ringgit per room and x is the quantity of room rented. Determine the marginal cost when 2 rooms are rented
- The inverse demand for tea is given by P= 10 – 0.04Q, where Pis the price per a gram of tea and Qis the total number of grams of tea brought to market. There are two tea shops in the market. Shop 1's cost function is given by C = 0.01q,?, where qı is the number of grams of tea it brings to market. Shop 2's cost function is given by C2 = 0.01q2², where qp is the number of grams of tea it brings to market. Given that the two shops compete by setting output (Cournot), answer the following. a) Identify shop 1's reaction function to shop 2's output to within 2 decimal places (e.g. 0.33). 91= Number - Number 92 b) Identify shop 2's reaction function to shop 1's output to within 2 decimal places (e.g. 0.71). q2= Number Number 91 c) To within two decimal places (e.g. 0.63) what is the equilibrium output level of each shop and the equilibrium per gram price for tea. Shop 1 will produce Number grams of tea and shop 2 will produce Number grams of tea. The equilibrium market price is £ NumberConsider the graph above. If the demand curve intersects the marginal & average cost curve at 100 units, calculate the profit-maximizing quantity. Profit-maximizing quantity = Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 6, 12, 15, 18, 24, and 30 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. Calculate the total revenue if the firm produces 6 versus 5 units. Then, calculate the marginal revenue of the sixth unit produced. The marginal revenue of the sixth unit produced is________. Calculate the total revenue if the firm produces 12 versus 11 units. Then, calculate the marginal revenue of the 12th unit produced. The marginal revenue of the 12th unit produced is_________.
- The inverse demand for tea is given by P = 8 – 0.03Q, where Pis the price per a gram of tea and Q is the total number of grams of tea brought to market. There are two tea shops in the market. Shop 1's cost function is given by C = 0.02q,?, where q, is the number of grams of tea it brings to market. Shop 2's cost function is given by C2 = 0.02q22, where q2 is the number of grams of tea it brings to %3D %3D market. Given that the two shops compete by setting output (Cournot), answer the following. a) Identify shop 1's reaction function to shop 2's output to within 2 decimal places (e.g. 0.33). 91= Number Number 92 b) Identify shop 2's reaction function to shop 1's output to within 2 decimal places (e.g. 0.71). q2= Number Number 91 c) To within two decimal places (e.g. 0.63) what is the equilibrium output level of each shop and the equilibrium per gram price for tea. Shop 1 will produce Number grams of tea and shop 2 will produce Number grams of tea. The equilibrium market price is £…Please answer the correct answer ASAP please calculation please Don't answer by pen paper please ASAP The market for bananas is also perfectly competitive. Each banana-growing firm has cost function C(Q)=145+ 20Q+0.75Q2. The aggregate demand for bananas is 1500-2P. Find the long-run aggregate quantity of bananas sold in this market.A firm's demand function is Q = 16 -P and its total cost function is defined as TC = 3 + Q+ 0.25Q² Use these two functions to form the firm's profit function and then determine the level of output that yields the profit maximum. What is the level of profit at the optimum?
- 1. Emad is a lettuce supplier in a perfectly competitive lettuce market in Kuwait. If the demand for lettuce in Kuwait is given by: Qo = 40,000 – 10,000P, Where Q is the quantity of lettuce boxes and P is the price of a lettuce box. In the short-run, Emad's has the following total cost function for his production of lettuce: TCimad = 0.25Q +Q +3 Assume that Emad is one of 1000 sellers in the Kuwaiti lettuce market with identical costs. Answer the following questions: e. wnat is tne market suppiy tunction in the short-run? 1. What is the short-run equilibrium price and equilibrium quantity in this market? g. Draw a rough sketch of the market demand and supply functions, showing the optimal point and all intersections with the horizontal and vertical axes. h. What is the demand function for Emad's lettuce in the short-run?The following figure shows the marginal cost curve, average total cost curve, average variable cost curve, and marginal revenue curve for a firm for different levels of output. Price R W S 0 A F H B G MC K ATC AVC MR Quantity Assuming that price at OR is $10, the profit maximizing level of output for the firm is 1. OA where marginal cost just covers AVC 2. OB where average profit per unit is the greatest 3. OC where marginal cost equals the $10 price 4. OK where average cost equals marginal revenue and the firm earns a normal rate of returnSuppose the quantity of apples supplied in yourmarket is 2,400. If there are 60 apple producers,each with identical cost structures, how manyapples does each producer supply to the market?