Answer the next question based on the information given in the following table. Total Workers Revenue $900 1,600 2,100 2,400 2,500 4. What is the marginal revenue product of the third worker? Multiple Choice $500 $700 $300 $2100

Q: An economy is described by the following equations: = 2,000 + 0.5 (Y - T) = 900 IP G = 1,800 NX =…

A: Planned aggregate expenditure is the sum of consumption spending, investment spending, government…

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A: PPF of two goods Gas engines and batteries.

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A: A monopolistically competitive firm produces at the intersection point of MR and MC.  If a…

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A: Given: Contract worth=Php 55M Bid for contract=Php 48M Number of years=20 Interest rate=6%

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A: Mariam is using  both fixed and varaiable inputs. Where labor is the only available input for her.

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A: in monopoly market, 1) there is only single seller in the market with full control over the market…

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A: The monopolistic competition market is a type of market structure.

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A: Economic growth is the increase in price adjusted value of goods and services produced by an…

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A: Food security refers to the condition where all people without any discrimination gets the required…

Q: 10. A monopoly with the total cost function TC=5Q is facing the demand function Q = 1250-50P. How…

A: TC = 5Q and  MC = 5 Q = 1250 -50P so,  P= (1250-Q)/50 = 25-Q/50

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A: Fixed cost is the cost at 0 output and average fixed cost is the fixed cost divided by output.

Q: PART 2 - C PROBLEM SOLVING PROBLEM NO.4 Compute for the CR Amount: $3500 market Value productivity…

A: Given that; Initial cost= $23500 operating cost per year= $8500 Market value ( salvage value)= $3500

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A: Expected life = ∑Probability *Life  Regime  Service life by probability      Expected Life   0…

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A: In order to maximize profit under a monopoly, the marginal revenue should be equal to marginal cost…

Q: Price and cost (dollars)

A: A monopoly is a market structure where there is only one firm in the market for a good or service.…

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A:

Q: Consider Alexei who makes $1,400 per week and just won a ‘set for life’ lottery ticket which…

A: Given,  Alexei makes $1,400 per week and won a 'set for life' lottery ticketFortnightly payment :…

Q: Find the consumer's and producer's surplus if for a product D(x) = 16 – 0.005x² and S(x) = 0.004x² .…

A: Given  Demand function: D(x)=16-0.005x2              .... (1) Supply equation: S(x)=0.004x2…

Q: Assume there are two goods, prices are indicated, and there is a consumer with a specified income.…

A: Price effect is the effect of the price change on the quantity demanded of a product. The price…

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A: In monopoly, the point of profit maximization is  MR = MC, where, Marginal Revenue  Marginal Cost

Q: Use Incremental ROR Analysis to select the best project. Question 1 1 A B D E Cost $4000 $2000 $6000…

A: Given cash flow

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A: Given,  Investment : P270,270Operating daily for 5 yearsSalvage Value : 10% of InvestmentOperation…

Q: A firm sells bagels for £0.52 each. With 6 workers the firm produces 48 dozen per hour, and with 7…

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Q: A BA ERFECT-INFO GAME) Consider the game shown at the right. 2 1 .What is the number of pure…

A: Above question is an example of a sequential game with following sequence -

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A: Production function refers to the relation that shows what proportions of inputs are used and how…

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A: in perfect competitive market, there are many number of sellers and buyers which turns the market…

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A: A good's demand is inelastic when it is less than 1 And consider as elaticit it is more than 1.

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A:

Q: 1. Which of the following statements regarding price discrimination is false? In order to capture…

A: Price discrimination refers to the selling strategy which is used by the monopoly firms in which it…

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A: Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by…

Q: Price and cost (dollars per pound of steak) 20.00 18.00 16.00 S=MC 14.00 12.00 10.00 8.00 6.00 4.00…

A: A) in perfect competitive market:-   1) in perfect competitive market, there are many number of…

Q: A fall in the price level that causes a change in the real value of wealth results in a) a downward…

A: Aggregate demand curve shows a negative relationship between price level and the real output in an…

Q: regulate production · Each individual works for his own success Pure Communism • Government does not…

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A: There are 7 customers with theirs willingness to pay and the mC of product is $58

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A: Aggregate demand shows an inverse relationship between price level and the total output of goods and…

Q: An increase in government expenditure shifts the. curve to the Select one: Oa. LM/right b. LM/left…

A: IS curve shows the inverse relationship between interest rate and quantity. It means as the rate of…

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A: In a market, total cost is associated with the production of goods and services by a firm as it is…

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A: Givenu(x)=x0.5 Lottery A Probability 0.50 0.25 0.25 Outcome 64 16 0

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Q: F5

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A: Given information Two Conveyor Investment A: Initial investment =$56100 Operational cost=$150000…

Q: MBy = 600 – ( Ey / 3 ) Note that these marginal benefit figures can be interpreted as marginal cost…

A: The two marginal benefts are MBX = 1000 - EX/2 MBY = 600 - EY/3 Government regulators want to reduce…

Q: Relevant damage categories for compensatory damages include damages that are compensable by law and…

A: Compensatory damages are funds. It is given to a plaintiff to compensate for losses such as damages,…

Q: QUESTION 3 A seller engages in price discrimination by market segment. Single customers have a price…

A: Price discrimination refers to practice of charging different prices to different consumers for the…

Q: O b) diminishing marginal product.

A: The value of resources declined over time means the value of increase in total production decreases.…

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A: Price elasticity of demand is the ratio of percentage change in quantity demanded and percentage…