Homework Answers
Point C is efficient because it is on the PPF curve, anything on the PPF curve will be considered as efficient in the economy. The answer is "A".
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In the diagram to the right, point C indicates an la Click th O A. efficient...
In the diagram to the right, point F indicates an OA unattainable result. O B. inefficient...
In the diagram to the right, point F indicates an OA unattainable result. O B. inefficient result. O C. efficient result. We were unable to transcribe this image
27 2$ Refer to the diagram below. Price $13 Domestic Supply 00 $1.00 Tarih ) un...
27 2$ Refer to the diagram below. Price $13 Domestic Supply 00 $1.00 Tarih ) un World Price Domestic Demand 30 40 60 84 96 Quantity Assuming that an import quota is given to foreign producers for free. What would be the total revenue received by foreign producers if an import quota is imposed instead of a $1 per unit tariff? 00 $1.00 Tariff 10 World Price Domestic Demand 30 40 60 84 96 Quantity Assuming that an import quota...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 5) Refer to Figure 2-1. Point B is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 6) Refer to Figure 2-1. Point C is A) technically efficient. B) unattainable with current resources....
only do (c),(d) ,thxx Question 2 (20 marks) The market of cookie is perfectly competitive in...
only do (c),(d) ,thxx
Question 2 (20 marks) The market of cookie is perfectly competitive in Country X. Fanny Cookies is one of the 300 price-taker firms in producing and selling cookies. The profit-maximizing output level and price of Fanny Cookies are 900 packs of cookies per month and $250 per pack, respectively. The monthly rent and insurance are $65,000 inclusive. The other monthly expenses including salaries of the pastry chef, utilities expense and miscellaneous expenses are summarized in the...
Revenue 14,400,000 8,256,000 14,400,000 9,945,600 Total variable costs Contribution margin $ 6,144,000 $ 4,454,400 4,704,000 2,265,600...
Revenue 14,400,000 8,256,000 14,400,000 9,945,600 Total variable costs Contribution margin $ 6,144,000 $ 4,454,400 4,704,000 2,265,600 Total fixed costs $ 1,440,000 $ 2,188,800 Operating income Requirement 3. Determine how the production of 192,000 units should be allocated between the Peoria and Moline plants to maximize operating income for Portal Corporation. Show your calculations. (Use the contribution margin approach.) The optimal production plan is to produce 120,000 units at the Peoria plant and 72,000 units at the Moline plant. The full...
Other data for Grady Tir Click the icon to vie Read the requirements. The Grady Tire...
Other data for Grady Tir Click the icon to vie Read the requirements. The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) ruwy wewny Production Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Budgeted tires to be...
manufacturing plng/ control 1. Suppose that your company sells a product for which the annual demand...
manufacturing plng/ control
1. Suppose that your company sells a product for which the annual demand is 10,000 units. Holding costs are $1.00 per unit per year, and setup costs are $200 per order (a) What is the economic order quantity for your product? (b) What will be the annual total cost holding and ordering? 2. A company has currently 100 workers. A worker works 40 hours a week, and can at most work 20 hours of overtime per week....
A government might choose to implement a price floor to O A. keep specific prices up....
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
1. Suppose that Adam's willingness To Pay (WTP) for a shirt of a particular brand is...
1. Suppose that Adam's willingness To Pay (WTP) for a shirt of a particular brand is equal to 525. The market price of the brand is initially = $35 (thus, Adam's "consumer's surplus" SO, since he won't buy the shirt at that price). But then the brand becomes less popular (although Adam's WTP still equals 5 25; note that the Demand Curve will shift to the left when the brand becomes less popular). a.) Use a relevant graph to show...
In the market for televisions, the price of a television falls and nothing else changes. Price...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
In the diagram to the right, point F indicates an OA unattainable result. O B. inefficient result. O C. efficient result. We were unable to transcribe this image
27 2$ Refer to the diagram below. Price $13 Domestic Supply 00 $1.00 Tarih ) un World Price Domestic Demand 30 40 60 84 96 Quantity Assuming that an import quota is given to foreign producers for free. What would be the total revenue received by foreign producers if an import quota is imposed instead of a $1 per unit tariff? 00 $1.00 Tariff 10 World Price Domestic Demand 30 40 60 84 96 Quantity Assuming that an import quota...
only do (c),(d) ,thxx
Question 2 (20 marks) The market of cookie is perfectly competitive in Country X. Fanny Cookies is one of the 300 price-taker firms in producing and selling cookies. The profit-maximizing output level and price of Fanny Cookies are 900 packs of cookies per month and $250 per pack, respectively. The monthly rent and insurance are $65,000 inclusive. The other monthly expenses including salaries of the pastry chef, utilities expense and miscellaneous expenses are summarized in the...
Revenue 14,400,000 8,256,000 14,400,000 9,945,600 Total variable costs Contribution margin $ 6,144,000 $ 4,454,400 4,704,000 2,265,600 Total fixed costs $ 1,440,000 $ 2,188,800 Operating income Requirement 3. Determine how the production of 192,000 units should be allocated between the Peoria and Moline plants to maximize operating income for Portal Corporation. Show your calculations. (Use the contribution margin approach.) The optimal production plan is to produce 120,000 units at the Peoria plant and 72,000 units at the Moline plant. The full...
Other data for Grady Tir Click the icon to vie Read the requirements. The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) ruwy wewny Production Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Budgeted tires to be...
manufacturing plng/ control
1. Suppose that your company sells a product for which the annual demand is 10,000 units. Holding costs are $1.00 per unit per year, and setup costs are $200 per order (a) What is the economic order quantity for your product? (b) What will be the annual total cost holding and ordering? 2. A company has currently 100 workers. A worker works 40 hours a week, and can at most work 20 hours of overtime per week....
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
1. Suppose that Adam's willingness To Pay (WTP) for a shirt of a particular brand is equal to 525. The market price of the brand is initially = $35 (thus, Adam's "consumer's surplus" SO, since he won't buy the shirt at that price). But then the brand becomes less popular (although Adam's WTP still equals 5 25; note that the Demand Curve will shift to the left when the brand becomes less popular). a.) Use a relevant graph to show...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
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