Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold...
Suppose that the marginal cost of mining gold is constant at $300 per ounce and the demand schedule is as follows: 1st attemptPart 1 (1.4 points)See HintIf the number of suppliers is large, what would be the price of gold? $ per ounce What would be the quantity? oz. Part 2 (1.4 points)See HintIf there is only one supplier, what would be the price of gold? $ per ounce What would be the quantity? oz. Part 3 (1.4 points)See HintIf there are only two suppliers and they form a cartel, what would be the price...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $130 120 300 100 110 400 80 100 500 60 90 600 40 80 700 20 Marginal Cost (dollars) $25 32 40 Average Total Cost (dollars) $139.00 103.30 87.50 82.00 77.00 77.00 60 52 77 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a...
Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below: Revenues $1,000 - Cost of goods sold 550 - Depreciation 150 Operating Profit (EBIT) 300 - Interest expenses 100 Taxable Income 200 Taxes 60 Net Income $140 You are also provided with the following information: The firm reported capital expenditures of $ 50 million in the most recent year and also made two acquisitions – one for $125...
Needed clear explaination for (d) and (e) Question 1. National Income Accounting (45 marks) Consider an economy where only three types of vehicles are produced and sold, namely: Tesla, GM and BMW. The following table shows the quantity sold (in millions) and the price per unit of each vehicle: 2011 40 S3 200 $2 12 $4 2012 2013 50 $4.50 210 $4 13 $7 2014 2015 Tesla GM Quantity produced and sold BMW Quantity produced and sold Quantity produced and...
Consider an economy where only three types of vehicles are produced and sold, namely: Tesla, GM and BMW. The following table shows the quantity sold (in millions) and the price per unit of each vehicle: 2011 2012 40 $4 200 2013 50 $4.50 210 $4 13 $7 2014 Tesla GM BMW Quantity produced and sold 40 Price per unit Quantity produced and sold200 Price per unit Quantity produced and sold12 Price per unit $3 $2$3.75 S4 65 $5 300 2015...
Need help for (c), (d) and (e) Question 1. National Income Accounting (45 marks) Consider an economy where only three types of vehicles are produced and sold, namely: Tesla, GM and BMW. The following table shows the quantity sold (in millions) and the price per unit of each vehicle Tesla GM Quantity produced and sold 200 00 BMW 2011 40 $3 2012 40 S4. 2013 50 S4.50 210 S4. 014 2015 65 $5 300 Quantity produced and sold Price per...
1. A company reported $15,000 of sales, $5,000 of operating costs other than depreciation, and $1,000 of depreciation. It had $4,000 of bonds that carry a 5% interest rate, and its tax rate was 40%. How much was its net cash flow? a. $6,280 b. $4,208 C. $5,280 Last year a company had sales of $400,000, operating costs of $300,000, and year-end assets of $200,000. The debt-to-total-assets ratio was 30%, the interest rate on the debt was 6%, and the...
Which of the following best describes the relationship between a stock concept and a flow concept? A stock concept has a time period associated with it, whereas a flow concept is an amount of something at a given point in time. A stock concept is an amount of something at a given point in time, whereas a flow concept has a time period associated with it. ______________________________________________________________________________ What expenditure category of production is largest for most countries? Investment Consumption Net...
After reviewing the entire case, determine Wright’s firm value, intrinsic share price, and intrinsic price-to-earnings ratio for both West Airlines and jetGreen Airlines. Then compose a one-page memo from Orville Wright to Amelia Earhart on December 31, 2018. State your investment recommendation and your rationale for making it. Required: 1. Determine Wright's firm vlaue, intrinsic value, share price, and intrinsic price-to-earnings ratio for both West Airlines and jetGreen Airlines. 2. Compose a one-page memo from Orvill Wright to Amelia Earhart...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...