A manufacturer is said to break even when their revenue is equal to their costs. ImplausiCorp's total cost to manufacture x items is given by the expression 20x + 36000. Their revenue from selling items is 80x. How many items must they manufacture and sell in order to break even? items.
Q: Assume Company X deposits $100,000 in cash in commercial Bank A. If no excess reserves exist at the…
A: Reserve is the part of deposit that is kept out of deposit as per the rules of central bank.…
Q: F. Highgarden was the seat of House Tyrell and is the regional capital of the Reach, which is the…
A: Total cost is the amount of expenditure occurred on the production of goods and services. The…
Q: The amount by which tax revenues exceed government expenditures during a particular year is the:…
A: Tax revenues is the total collection of the tax a government gets in an particular year. Government…
Q: 1. Assume aggregate demand is represented by AD1 and full employment is $5.6 trillion. To restore…
A: Equilibrium is set up where the AD and AS are equal. The change in the Either AD or AS brings about…
Q: The Federal Reserves establishes the interest rate charged on funds it loans to banks and other…
A: Monetary policy refers to the policy implemented by the central bank to fluctuate the money supply…
Q: Find the subgame perfect outcomes for the game described in question 4. Which of these outcomes is…
A: A Bimatrix game in game theory is a two-person simultaneous game in which each player has a finite…
Q: Which of the following signaled Mexico's declaration of 'economic independence'? O Lázaro Cárdenas'…
A: An economic independence refers to an economy that progresses without being dependent on others,…
Q: Continued monetary tightening 05 October 2022 The Monetary Policy Committee today increased the…
A: The central bank across economies are pursuing tightening of monetary policy in order to combat high…
Q: 3. Trade Dispute You are a research associate covering the solar panel industry for Goldman Sachs.…
A: The "return pricing power" is accurate in that markups and prices will increase in comparison to…
Q: 1. (%) Find the critical values, test the second-order condition, and calculate for maximur profit.…
A: In economics, profit maximization refers to the short-run and long-run process by which a business…
Q: As in the lemons model, suppose that there is one seller and one buyer who may exchange a good of…
A: Lemon model: 1 seller, 1 buyer Value of good for seller = v Value of good for buyer = 3v/2 Fixed…
Q: Interest rate 2% 4 6 8 10 Transaction demand for money $220 220 220 220 220 Asset demand for money…
A: Total money demand is a sum of transaction and asset demand for money.
Q: I have a doubt: does this decision that P < ATC only occurs in the long term? So, what the statement…
A: For shut down point, There are two terms :- Average total cost:- It is the total cost per unit of…
Q: A machine costing P480,000 has a life expectancy of 12 years with a salvage value of 10% of the…
A: The declining balance method accelerates depreciation by recording higher depreciation costs in the…
Q: A B 1 Car Sales Report Month 2 3 Jan. - April 4 May-Aug. 5 Sept. - Dec. 6 TOTAL 7 MINIMUM C 214 355…
A: The data gives the sale figures for cars from 2016 to 2018. Each year is subdivided into three…
Q: A carpenter hammers nails each day at work. During the first hour she can hammer 120 nails, the…
A: Marginal product of labor hour is the additional output produced by employing one more unit of the…
Q: Define “economic rent” and identify the market structure that generates the highest economic rent.
A: Economic Activity: Numerous activities in an economy that revolve around the production, sales, and…
Q: Consider a dynamic game of complete and perfect information. Suppose there are now simultaneous…
A: Given, A Dynamic Game of complete and perfect information. A Dynamic Game is defined as a game…
Q: that 4 percent of capital depreciates each year. Assume further that country A saves 24 percent of…
A:
Q: ABC Inc is considering the purchase of new pulverizing equipment. The top management of the company…
A: Given, First cost = $125,000 Annual income =10,000 Annual operating cost = 8000 Property taxes = 5%…
Q: he table shows the shows the quantities of labor and capital required to produce various levels of…
A: Production function A production function is an equation that thus represents the relationship…
Q: Did the free trade agreement lead to improvements in welfare of the people in the country, explain
A: In contrast to autarky, which is an economic system based on self-sufficiency and constrained trade,…
Q: 1) A monopolist firm produces and sells good X. The demand for X is X= 24-P, where P is the price.…
A: Introduction A monopolistic competition is a type of imperfect competition where many sellers try to…
Q: If the value of the $NZ increases then the price level will A. rise or fall depending on whether…
A: The equilibrium is where aggregate demand equals aggregate supply. The price level and quantity is…
Q: How will each of the following scenarios impact the market for labour Workers become more concerned…
A: Equilibrium is where labor demand curve intersects labor supply curve. Wage rate of labor is…
Q: Calculate the approximate price relatives to two decimal places for the MTN and Vodacom stocks over…
A: Stock Po qo P1 q1 Poqo Poq1 P1q0 2008 2008 2011 2011 mtn 285 370 215 480 Vodacom…
Q: A small business owner can invest any amount of effort e ≥ 0 to produce output valued at 2e. The…
A: Value of product = 2e Cost of production = e2 Government expropriates a fraction = 2e (1-t ) - e2 In…
Q: what policy can the government can implement to combat financial Instability in a country?
A: The financial system is an integral part of an economy. It comprises banking and non-banking…
Q: If the MPS in an economy is .4, government could shift the aggregate demand curve leftward by $50…
A: Aggregate demand consists of consumption spending , investment spending , government spending , and…
Q: Suppose the information in the table is for a simple economy that produces and consumes only four…
A: The term economic growth describes the gradual expansion of an economy. The usual method for…
Q: Explain the term price elasticity of demand?How is it measured?If the price elasticity is -3 and RM…
A: Elasticity is a term used in economics to describe how a good or service's total quantity required…
Q: QUESTION NO. 3 Complete the following table and estimate the equilibrium levels of output and…
A: The aggregate expenditures model calculates the relationship between aggregate expenditures and real…
Q: to being unmatched. Preferences over matches are as follows: m₁ W₂ W3 W1 m₂ W₂ > W₁ > W3 m3 w1 W2 W3…
A: Stable matching exists when there is zero incentive for some m-w pair to defect jointly. Matching is…
Q: Type your homework assignments. Show necessary reasoning and calculations that lead to your answers.…
A:
Q: 3. Factors that influence international trade In the 1950s, imports and exports of goods and…
A: International trade is the global connection of different trading nations. Two or more nations can…
Q: producing a number of bicycles. a) How many bicycles should this firm produce to minimize its cost?…
A: Under production optimization, the cost is minimized by a firm subject to a given level of output.…
Q: Sam saved $5,000 from his income last year and decided to deposit it at a bank in a saving account.…
A: Sam's saving=$5000 After 1 year value=$5200 Price in current year=250 Price in the next year=265
Q: 11. Refer to the diagram. The movement from point a to point c suggests that more: A) private goods…
A: Production possibility frontier curve: The production possibility frontier curve represents…
Q: thought that a consumer measures the utility, u(x, y), of possessing a quantity, z, of apples and a…
A: Utility is given as u=xαy1-α Budget Constraint is given as px+qy=M Applying Lagrange multiplier…
Q: The ideas of the Mercantilists are alive today. Which of these would a modern day Mercantilist agree…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Can you explain the way how to measure the income in-equality in the Philippines?
A: The unequal distribution of income among a population is known as income inequality. Income…
Q: Two bidders compete in a sealed-bid auction for a single indivisible object. For each bidder i, the…
A: In the sealed-bid auction, when bidders place their bids without being aware of the other…
Q: Assume the following for a given production function: • If inputs = 1 then total output = 5 • If…
A: Marginal product is the increase in total product due to additional unit of input. MPn = TPn -…
Q: Interest rate B) $480. C) $460. D) $440. 2% 4 6 8 10 Transaction demand for money $220 220 220 220…
A: Equilibrium is where money supply curve intersects money demand curve. The money supply curve is a…
Q: 1. Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) 10…
A: MPL (Marginal product of labor) : It is the change in the total product due to the addition of 1…
Q: Suppose the quantity supplied falls, relative to the values given in the table above, by 20 million…
A:
Q: SCENARIO: Greater consumption of alcohol leads to more motor vehicle accidents and, thus, imposes…
A: Social efficiency quantity means that resources should be distributed in a way that benefits all of…
Q: In 1970 a movie ticket cost US$2.00. Today, a movie tickets costs NZ$15.00 You also have the…
A: CPI (Consumer Price Index) determines the change in the prices of the products and services…
Q: Suppose the demand function for a firm's product is given by In Qxd = 7 -1.5 In Px + 2 In Py-0.5 In…
A: Microeconomics explains demand elasticity as a measure of the propensity for demand of a thing to…
Q: The biggest problem with constructing the CPI is that the basket of goods that the typical consumer…
A: The full form of CPI is consumer price index. Consumer price index means the percentage change in…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- “A firm that earns only normal profit is not covering all its costs.” Do you agree or disagree?A company produces very unusual CD's for which the variable cost is $ 15 per CD and the fixed costs are $ 50000. They will sell the CD's for $ 79 each. Let a be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C =$ Write the total revenue R as a function of the number of CD's produced. R=$ Write the total profit P as a function of the number of CD's produced. P=$ Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is Question Help: Video Submit QuestionTim Marlow, the owner of The Clock Works, wanted to know how many clocks he must sell in order to cover his fixed cost at a given price. Tim knew that he had a fixed cost of $20,000 for equipment, taxes, and a bank loan. He also had a unit variable cost of $20 per clock for labor, materials, and promotional costs. If the price Tim charges for each of his clocks is $40, what is his break-even point quantity?
- When Yennefer produces 18 spells her average total cost is $35.69 and her fixed cost is $180. What are her variable costs?Help plz Ari's explicit costs are…. Ari's implicit costs are … Ari's economic profit in the first year is …..dollars. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.A company produces very unusual CD's for which the variable cost is $ 11 per CD and the fixed costs are $ 30000. They will sell the CD's for $ 89 each. Let x be the number of CD's produced. a. Write the total cost C as a function of the number of CD's produced. C = $ b. Write the total revenue R as a function of the number of CD's produced. $ R = c. Write the total profit P as a function of the number of CD's produced. $ P = d. Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is Round to the nearest number of CDs.
- Could you show the profit and loss on the graph. Furthermore, the figures for cost you posted were incorrect as they are not dropdown options.A company produces very unusual CD's for which the variable cost is $ 9 per CD and the fixed costs are $ 50,000. They will sell the CD's for $ 57 each. Let x be the number of CD's produced and sold. a. Write the total cost TC as a function of the number of CD's produced and sold. TC = $ b. Write the total revenue TR as a function of the number of CD's produced and sold. TR = $ c. Write the total net income NI as a function of the number of CD's produced and sold. NI = $ d. Find the number of CD's which must be produced and sold to breakeven. The number of CD's which must be produced and sold to breakeven is Round UP to the nearest whole number of CDs. Submit QuestionPakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and market demand for its product as Qd = 105 – (1/2) P, where Q is quantity in units and P is price in Pak$. Write the equations of the firm’s costs, as a function of Q: Average Total Cost ATC Average Variable Cost AVC Average Fixed Cost AFC Given above costs can you determine what will be the firm’s production in Stage 1? What is the breakeven price and breakeven quantity for this firm? What is the shutdown price and quantity for this firm? Draw the firm’s costs in a graph as per your determination in (a). Label the breakeven and shutdown price and quantity using information in (b) and (c) above. Given the market price of Pak$ 50 how many units should the firm produce? how many firms are competing in this market in short-run? How many firms will be in the industry in the long-run? How do you interpret the profit or loss condition of PakPerfect? Use a two-panel graph of the Market and…
- It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats. Each coat is sold for $250. a. How much is the marginal cost? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your answer). $ b. What is the slope of the Profit function, P(x)? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your answer). $ c. How many coats must be sold in order to break even? Round to the nearest whole number if rounding is necessary. Do not enter a fraction. Only type a whole number (do not type any units on your answer).2 13 on 4 tion 5 me solve this K A clothing company determines that its marginal cost, in dollars per dress, is given by the function below. The total cost of producing the first 220 dresses is $9724. Find the cost of producing the 221st through the 340th dress. 2 C'(x) = -25x+53, for x ≤650 The total cost is $ (Round to the nearest dollar as needed.) View an example Get more help - FERON kamint DELL ... Clear all Chock answer brrect: 1 A O 11:51OSee Hint The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity (Q = driveways cleared) Total Revenue Total Cost Abbreviation: TR TC Formula: $0 $25 10 34. 2) 20 41 30 46 4. 40 49 50 51 60 54 70 60 8. 80 70 6. 90 95 10 100 145 What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? %24