Homework Answers
1) 253,900
2) option B)
3) 9 programmers
Add Answer to:
05 Question (4 points) A video game developer hires two types of workers to develop games:...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm:...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
QUESTION 1 1 points Let L represent the number of workers hired by a firm, and...
QUESTION 1 1 points Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (1.8,Q-97) and (L·9,Qo1433. Then the marginal product of h worker is a 46 units of output. b. 143 units of output c1 unit of output. d. 59 units of output. 1 points QUESTION 2 Table t Bob's Bulldozers Cost Table Quantity able Margina erage age Average otal...
13 Question (5 points) K3L3 is a good approximation of actual An economic analysis of the...
13 Question (5 points) K3L3 is a good approximation of actual An economic analysis of the production of laptop computers concludes that the function f(K,L) = production. Let K represent all capital used in production while L represents hours of labor. 20th attempt Part 1 (2 points) See Hint What are the returns to scale in laptop computer production? Choose one: O A. increasing O B. decreasing O C. constant O D. The returns to scale vary with different combinations...
4. Profit maximization in the cost-curve diagram Suppose that the market for polo shirts is a...
4. Profit maximization in the cost-curve diagram Suppose that the market for polo shirts is a competitive market. The following graph shows the daily cost curves of a firm operating in this market. Hint: After placing the rectangle on the graph, you can select an endpoint to see the coordinates of that point. In the short run, at a market price of $15 per shirt, this firm will choose to produce _______ shirts per day. On the preceding graph, use the blue rectangle (circle...
4. Profit maximization in the cost-curve diagram Suppose that the market for cashmere sweaters is a...
4. Profit maximization in the cost-curve diagram Suppose that the market for cashmere sweaters is a competitive market. The following graph shows the daily cost curves of a firm operating in this market. Hint: After placing the rectangle on the graph, you can select an endpoint to see the coordinates of that point.In the short run, at a market price of $45 per sweater, this firm will choose to produce _______ sweaters per day. On the preceding graph, use the blue rectangle (circle...
- NAME TION PRINT LAST NAME, FIRST NAME e. 25 points per game. Win 7. Suppose through 10 games Dirk Nowitzki scored, o...
- NAME TION PRINT LAST NAME, FIRST NAME e. 25 points per game. Win 7. Suppose through 10 games Dirk Nowitzki scored, on averag his 11th game he scored 21 points, we know that his: marginal score is greater than his average score, and his marginal score is greater than his average score, and his marginal score is less than his average score, and his seas marginal score is less than his average score, and his se and his season...
1. Consider two firms, Stinky and Foul in the same industry who use the same production...
1. Consider two firms, Stinky and Foul in the same industry who use the same production technology. To produce the same level of output, say 1000 pairs of socks, Stinky uses more capital than Foul and Foul uses more labor than Stinky. Suppose both companies pay the same wage to their employees: w = 15. (Unless otherwise stated, assume that all firms choose their input levels optimally) (a) (2 points) Which company is paying a lower rent? Why? (b) (1.5...
the exponents of a and b are both 0.5. please do all 1-4 thx! Exercise 4:...
the exponents of a and b are both 0.5. please do all
1-4 thx!
Exercise 4: Production functions and Assume that we have a firm which has the following produ st minimization (20 points) • The wage per unit of labor is given by w = an hour. Let's assume that the firm wants to q=kt. DO is given by w = $4 an hour and the rental cost per unit of capital is assume that the firm wants to...
Answer the next question(s) on the basis of the following demand and cost data for a specific firm
Answer the next question(s) on the basis of the following demand and cost data for a specific firmDemand DataCost Data(1)Price(2) Price(3)PriceTotal OutputTotal Cost$50$3522$454530335540254470352055903015661162510771452058818059. Refer to the above data. If columns 1 and 3 are this firm's demand schedule, the profit-maximizing price will be:A. $30B. $35C. $40D. $4560. Which is true of pure competition but not of monopolistic competition?A. There are barriers to entryB. Long-run economic profits are zeroC. There are a large number of firms in the marketD. Long-run equilibrium...
5. Deriving the short-run supply curve Consider the perfectly competitive market for dress shirts. The following...
5. Deriving the short-run supply curve Consider the perfectly competitive market for dress shirts. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry. ? 80 72 64 56 40 АТС AVC 8 МС О 0 8 16 24 32 40 48 56 64 72 80 QUANTITY OF OUTPUT (Thousands of shirts) PRICE AND COST PER UNIT (Dollars) For each price in the following table,...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
QUESTION 1 1 points Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (1.8,Q-97) and (L·9,Qo1433. Then the marginal product of h worker is a 46 units of output. b. 143 units of output c1 unit of output. d. 59 units of output. 1 points QUESTION 2 Table t Bob's Bulldozers Cost Table Quantity able Margina erage age Average otal...
13 Question (5 points) K3L3 is a good approximation of actual An economic analysis of the production of laptop computers concludes that the function f(K,L) = production. Let K represent all capital used in production while L represents hours of labor. 20th attempt Part 1 (2 points) See Hint What are the returns to scale in laptop computer production? Choose one: O A. increasing O B. decreasing O C. constant O D. The returns to scale vary with different combinations...
- NAME TION PRINT LAST NAME, FIRST NAME e. 25 points per game. Win 7. Suppose through 10 games Dirk Nowitzki scored, on averag his 11th game he scored 21 points, we know that his: marginal score is greater than his average score, and his marginal score is greater than his average score, and his marginal score is less than his average score, and his seas marginal score is less than his average score, and his se and his season...
1. Consider two firms, Stinky and Foul in the same industry who use the same production technology. To produce the same level of output, say 1000 pairs of socks, Stinky uses more capital than Foul and Foul uses more labor than Stinky. Suppose both companies pay the same wage to their employees: w = 15. (Unless otherwise stated, assume that all firms choose their input levels optimally) (a) (2 points) Which company is paying a lower rent? Why? (b) (1.5...
the exponents of a and b are both 0.5. please do all
1-4 thx!
Exercise 4: Production functions and Assume that we have a firm which has the following produ st minimization (20 points) • The wage per unit of labor is given by w = an hour. Let's assume that the firm wants to q=kt. DO is given by w = $4 an hour and the rental cost per unit of capital is assume that the firm wants to...
5. Deriving the short-run supply curve Consider the perfectly competitive market for dress shirts. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry. ? 80 72 64 56 40 АТС AVC 8 МС О 0 8 16 24 32 40 48 56 64 72 80 QUANTITY OF OUTPUT (Thousands of shirts) PRICE AND COST PER UNIT (Dollars) For each price in the following table,...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 51 minutes ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 2 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 5 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 9 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 9 hours ago