-09 k You just got closed out of an economics course you need to graduate and need to persuade the department chair to open another section. She tells you that the school will have to pay a part-time instructor $3,000 to teach the course, and that there will be an additional $50 in administrative costs per student to run the course. If tuition is $400 for the course, how many students would you need to sign up for the course to run? Students:
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- Sean is a hard-working college freshman. One Thursday, he decides to work nonstop until he has answered 88 practice problems for his physics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 40 10:00 AM 64 11:00 AM 80 Noon 88 Use the table to answer the following questions. The marginal, or additional, gain from Sean’s second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Sean’s fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant for Sean’s physics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 12 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of…We have the results from our first Facebook ad campaign. The following table summarizes the results broken down by age and whether the person seeing the add clicked through. Age 40 or under 85 Age more than 40 65 Total Clicked Through 150 Did Not Click 590 260 850 Total 675 325 1000 For our up(combing) (pun intended) campaign, I want to make it as effective as possible, a cut above all other ad campaigns! I'm thinking that since 85 (or 56.7%) of the 150 people who clicked through to our website are age 40 or less, we should focus our ads to only younger people. I'm not great with number though, and since I know you had a stats class in college, I wanted to get your opinion. Should we focus our adds only to those age 40 and under or should we do something else?Alex is a hard-working college sophomore. One Saturday, he decides to work nonstop until he has answered 50 practice problems for his economics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 20 10:00 AM 35 11:00 AM 45 Noon 50 Use the table to answer the following questions. The marginal, or additional, gain from Alex’s second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Alex’s fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant in Alex’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 7.5 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same…
- Ginny is a hard-working college senior. One Sunday, she decides to work nonstop until she has answered 150 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 60 10:00 AM 105 11:00 AM 135 Noon 150 Use the table to answer the following questions. The marginal, or additional, gain from Ginny’s second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Ginny’s fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant in Ginny’s math course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 52.5 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same…In 2020, the annual wage "ceiling" for workers aged 62-64 was $18,240 How large of a monthly Social Security check would a 63-year-old retiree get if her maximum benefit is $1,300 per month and she continues working for wages of $2,200 per month? (Use the equation below to answer this question.) Annual benefit amount Maximum award-0.5(Wage > $18,240) Instructions: Enter your response as a whole number. per monthWhat are the total costs of producing 300 LCD screens per day
- Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980You are currently in a job as a chef in a restaurant earning $100,000 per year. You are considering opening up a restaurant in a building which you currently own. You estimate that, if you wanted to, you could rent out your building for $25,000 per year to another restaurant. Last year, your revenues and expenses from the restaurant were the following: Revenues $400,000Cost of Food $120,000Salaries/Wages $100,000Utilities $25,000Taxes $20,000 What is your accounting profit? Show your calculations What is your economic profit? Show your calculations Assuming that you are indifferent between being a chef or owning a restaurant, should you open up your restaurant? Explain why. Now suppose that instead of owning the building where your restaurant will be located, you had to pay rent of $25,000 per year for the building. Will your answers to parts 1-3 change? Show your calculations. Explain how and why your answers will change or…The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos). 1 6 5 X 4 3 2 450 750 10501200¹ 1350 300 600 900 Quantity per month Price 8 7 DS 0 150 Tools D₂ S2
- Microecon KM Gradebook E Join: 746518 HW3 (Ch3 & 4) Homework Due in 2 days Answered (3) app.tophat.com Leisure travel: -2.4 HW3_12 Homework Unanswered Unanswered 10am_Fall22_Microecon_KM - Assigned | Top Hat MacBook Pro 15/17 answered Kris' Kabobs: Kris decides to drop the price of his famous Kabobs from $3 to $2. Last week at $3 he sold 240 and this week at $2 he sold 480. We can use this information to determine the elasticity of demand for the Kabobs. Do that! (correct sign and 2 decimal places in your answer) Type your numeric answer and submit Resubotic Submit Becca v + 88 Open in Reading ViewMy Akron Experience - The UniveX DEL Homework (Ch 14): Do Your Hon x со ouTube y ? CENGAGE MINDTAP Gmail Netflix Homework (Ch 14) PRICE (Dollars per extra-large truck) Esc ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-598281185943573732951246318&elSBN=9780357133606&id=16964735218sm Solitaire - Online &... a Hello, Kristin Accou... 500 450 400 350 Demand 300 62"F Mostly cloudy 250 200 150. 100 50 F1 0 0 1 Ø Arcade Spot Solitaire - Online &... 2 8 3 4 5 6 7 QUANTITY (Hundreds of extra-large trucks) F2 Supply Suppose that Zoomba is one of over a dozen competitive firms in the Eugene area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curyes, the price Zoomba must take as given is F3 F4 30+ MindTap-Cengage Learning X CSuppose that Sendit is one of ove X 9 10 F5 ‒‒ - Microsoft Solitaire... Grammarly O Search + r 0 Chicken Tacowhat is coasian transaction cost?