an American family is buying British wool in the local retail store. Which month will those products be cheaper for the family? Explain your answer using the numbers from the chart. Show your math. 2) a French company contracts a Chinese architect to design a new building in lyon for 800,000 Yuan. How much (in euros) would it cause the French firm in month 1 and 2? So in which month would the French company prefer to pay off the contract? Explain your answer using the numbers from the chart. Show your math. 3) u.s. holder of real estate and transportation are attracting investments from Chinese visitors using the Yuan. In which month should the Chinese investors buy us real estate and transportation? Explain your answer using the numbers from the chart and show your math.

Q: supply curve

A: Supply curve of a firm represents the quantity supplied in the market at different prices which was…

Q: Why Real Saffron Is So Expensive   Even in the expensive world of spices, saffron stands out. And…

A: Answer - Need to find- the factor that affects the supply of saffron. Clearly state how this affects…

Q: Imagine you have some workers and some handheld computers that you can use to take inventory at a…

A: According to the law of diminishing returns the marginal output of a production process decreases…

Q: Mustang Mobile charges $15 for each tetrabyte of data used on its smartphone plans. Use this…

A: According to the question, Mustang mobile charges $15 for each terabyte of data used on its…

Q: You are considering renting a city apartment with​ 1,000 square feet for ​$1,400 per month. The…

A: Marginal cost is defined as the additional cost incurred on additional unit of purchase. Here 1000…

Q: Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract…

A: Miranda and Hal entered into a general partnership, and Miranda is obliged to contract as each…

Q: You are the manager of a firm that specializes in small single-board widgets. Your goal is to…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: We know two friends that have decided to work together in a start-up business in Ithaca; they want…

A: The profit which is based on the explicit cost is the accounting profit. The total revenue is…

Q: Lewis contracted with the government to dredge 2 million cubic yards of silt from a ship channel.…

A: Excavate: It refers to dig a hole in the ground.

Q: What is the relationship between economies of scale and intra-industry trade?   Group of answer…

A: In a market, intra-industry trade refers to the exchange of similar products belonging to the same…

Q: Your software company recently instituted a highly regarded training program for newly hired…

A: Given, B(Q) = 100Q - 2Q2 C(Q) = 10QMB = 100 - 4Q MC = 10

Q: This year is expected to be a great one for selling walking shoes in Georgia. At very low prices,…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: Julia and Ralph need to decide which one of them will take time off from work to complete the rather…

A: From the situation given here, we see that Julia and Ralph both have daily jobs to do for which they…

Q: A firm can use three different production technologies, with capital and labour  requirements at…

A: The firms use different types of inputs in different production technology to produce goods. Labor…

Q: Suppose the firm is operating in a high-wage country, where capital cost is $100 per unit per day…

A: The main objective of every firm is to utilize its inputs in such a way that its profits are…

Q: Suppose you buy an accessory that will be used in your production activity and is worth a thousand…

A: Things can be different in normal perspective and economic perspective. We don't think marginally as…

Q: Assume you are pursuing a bachelor’s degree and you have 40 hours to divide between work and school…

A: Opportunity cost is the cost of next best alternative. It is the foregone benefit that could have…

Q: Imagine yourself to be the owner of a large tract of agricultural land. You want the land to be…

A: Fixed rent contract In fixed rent contract , landlord charges fix sum of money, per year or per…

Q: a. From the above article, identify the factor that affects the demand for saffron. Clearly state…

A: Market demand curve for a commodity shifts as a result of a change in change in consumer income,…

Q: This year is expected to be a great one for selling walking shoes in Georgia. At very low prices,…

A: Below is the schedule constructed from the given information: Price Quantity supplied 10…

Q: Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one…

A: Both the firms produce the same products and the exact same machinery as well as method of…

Q: Your software company recently instituted a highly regarded training program for newly hired…

A: Benefit: B(Q) = 100Q − 2Q2  Marginal benefit (MB) = 100 -4Q Cost:  C(Q) = 10Q Marginal cost (MC) =…

Q: Consider a simple, homogeneous monocentric city with a circular shape. If the location rent premium…

A: Cost is the expenditure that is incurred in producing goods. It has two types that are fixed cost…

Q: If a person owns a house that is worth 450,000 in city A, what would the same house cost in city E…

A:

Q: Vicky needs a new bathroom. She finds Dmitri, a contractor, through an ad he posted in the local…

A: Firms operating in a market incur different costs. The costs include the cost of raw materials,…

Q: Tradavia imports foaming bath oils from its neighbour Scentovia If Tradovian importers are paying 81…

A: The question given explains the foreign exchange system in any country. A foreign exchange system…

Q: a. What level of Q maximizes the total benefits of your newly introduced training program? b. What…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per…

Q: MNLogs harvested logs (with no inputs from other companies) from their property in northern…

A: a. Company Revenues cost of purchasing inputs value added MNLogs $1000 $0 $1000 MNLumber…

Q: The blue line on the following graph shows a firm's daily costs for the first 90 days of the fiscal…

A: Introduction :- Given :-  A graph showing firms daily cost.The expenses of the firm are given on y…

Q: Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per…

A: Opportunity cost is the cost that a person faces due to his decision of giving up one good for…

Q: Demonstrate the following scenario with clearly and fully labeled graphs: The change in the optimal…

A: Complementary Input: The complementary inputs are the factor inputs of production that a firm uses…

Q: Sarah, Alicia, and Philip all lost their jobs when the technology start-up they worked for was…

A: Concepts: Labor force: Labor force is consist of employed workers as well as unemployed workers who…

Q: What are some factors of production which are important for any firm to produce goods. These factors…

A: Factors of production are one of the requirements that would lead to the good or service, in the…

Q: Japan Airline is interested in purchasing new commercial aircraft from us manufacturer Boeing at a…

A: The exchange rate is the value of one currency in terms of another currency. It plays an important…

Q: a) Identify three possible work-related injuries and illnesses/diseases that might result from…

A: Worker's compensation: Laborers' pay or laborers' comp is a type of protection giving compensation…

Q: Refer to Table 13-1. What is the fixed cost of producing three widgets? a. $0 b. S1 c. $15 d. $18…

A: Fixed cost: Fixed cost is defined as the cost which is independent of the level of output or…

Q: A friend offers you a free ticket to a concert, which you decide to attend.  The concert takes 4…

A: Cost for You  to conecrt =$0 (beacuse it is paying by your friend) But transporatation cost you =$15…

Q: of the following statements about worker productivity and labor costs are true, EXCEPT:     A.…

A: Worker productivity refers to total output  divided by quantity of labor employed. It is also known…

Q: Wages are the major element of cost in the economy accounting for about 70 percent of all input…

A: Labor is an important factor of production or input that is used by the firms to undertake various…

Q: Suppose that in 2018, you inherited from your grandfather a small planetarium that had been closed…

A: A small planetarium has been inherited by a person from his grandfather in the given problem. The…

Q: According to data from Yelp, more than 55 percent of the 132,500 businesses listed on the site that…

A: A decline in the aggregate output of an economy is referred to as an economic contraction. An…

Q: Brief information about the Trend of “Cocooning” (spending leisure time at home rather than going…

A: Cocooning is described as a term in which individuals practice spending the time of leisure at home…

Q: The cost of the production of a commodity is S12 less per unit at point A than it is at point B, and…

A: Let the cost at at point B be (x) Therefore the cost at Point A will be  (x - 12 ) We can depict…

Q: Sandra lives in Melbourne and runs a business that sells guitars. In an average year, she receives…

A:

Q: A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes…

A: Opportunity cost is the cost that a person has a benefit of while choosing one alternative over the…

Q: Susan Jones has a job as a pharmacist earning $45,000 per year, and she is deciding whether to take…

A: Economic value added, often abbreviated as economic profit, is a way of quantifying the…