Homework Answers
we know that marginal rate of substitution continues to decline as more and more units of the product measured on the quantity axis increases. In this is also the marginal rate of substitution will be lowest when consumer is consuming 12 units of muffins and 5 units of croissants.
Select the last option.
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quantity of croissants 35 (2,32) 30 25 20 (4,16) 15 (8,8) 10 (12,5 5 4 6...
Draw contour lines by hand for the following elevations: 10, 15, 20, 25, 30, 35, 40...
Draw contour lines by hand for the following elevations: 10, 15,
20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m
intervals.
CET 205 Project Spring 2019 Note: for students who attended the on campus lab. Print on 11x17 paper. Draw contour lines by hand for the following elevations: 10, 15, 20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m intervals NAME 16 23 28 32 19 15 12...
Draw contour lines by hand for the following elevations: 10, 15, 20, 25, 30, 35, 40...
Draw contour lines by hand for the following elevations: 10, 15,
20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m
intervals.
CET 205 Project Spring 2019 Note: for students who attended the on campus lab. Print on 11x17 paper. Draw contour lines by hand for the following elevations: 10, 15, 20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m intervals NAME 16 23 28 32 19 15 12...
ATC 12 MC 10 АЛС Cost (S) 4 2 0 5 10 15 20 25 30...
ATC 12 MC 10 АЛС Cost (S) 4 2 0 5 10 15 20 25 30 35 40 45 a. Output What output level has the lowest average variable cost? b. At what point is marginal cost equal to average variable cost? Minimum average total cost is equal to d. Why is the minimum point on the ATC curve at 35 units above the minimum point on the AVC curve at 30 units? e. Why does the marginal cost curve...
H-35 20 8 10 12 5 10 20 10 7 4 15 4 25 8 7...
H-35 20 8 10 12 5 10 20 10 7 4 15 4 25 8 7 4 582 10 7 697787 676 10 3 12 10 5 3 1 5357 2 FYNNN YYYYYY Y N N N N N N N N N N N c-25 19 22 20 22 31 21 18 24 20 28 23 29ー// 23 22 25 21 22 21 I- BMFFM F F M M M M M F F F F F F M...
Italian Sub Italian Sub Taco Taco Taco Quantity MU MU MU/$4 10 MU/$2 15 MU/$1 30...
Italian Sub Italian Sub Taco Taco Taco Quantity MU MU MU/$4 10 MU/$2 15 MU/$1 30 40 30 2 32 8 24 12 8 24 16 3 20 16 12 - 12 - 5 3 1.5 0.5 5 6 6 2 8 4 6 4 2 12 8 4 - Refer to the table, which lists the values of Harry Taber's marginal utility and marginal utility per dollar for Italian submarine (sub) sandwiches and tacos. Assume that the price of...
Data of BMI: 25 25 26 27 28 30 30 31 32 35 35 38 10)...
Data of BMI: 25 25 26 27 28 30 30 31 32 35 35 38 10) Calculate the standard deviation, variance, and the z-score of someone with a BMI at 21. 11) Is this z-score unusually high or low? (If yes, specify which one). 12) Identify the 5-number summary below 13) Calculate the IQR 14) Identify any outliers 15) Draw a boxplot of your data (modified for outliers) 16) Write a sentence describing the shape of the distribution (skewed or...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25 $45 $75 $115 $165 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? OA, 30 OB, 14 OC. 25 O D. 19
Question 6 0.5 pts Figure 2-14 dishwas 45 40 35 30 25 20 15 10 5...
Question 6 0.5 pts Figure 2-14 dishwas 45 40 35 30 25 20 15 10 5 15 30 45 60 75 ses 6. Refer to Figure 2-14. It is possible for this economy to produce 75 doghouses. O True O False Question 13 0.5 pts 13. Expenditures by households on education are included in the consumption component of GDP. True O False
Price Quantity TFC TVC $25 $10 25 20 25 50 25 60 $5 10 15 20...
Price Quantity TFC TVC $25 $10 25 20 25 50 25 60 $5 10 15 20 5 16. Refer to the table above: At what output on the table would the perfectly competitive firm cover all of its costs and earn only normal profits? 17. The following table applies to the questions below: Output Total cost Total Variable Cost Total Fix cost Marginal Cost 0 $400 200 2 $900 a. When nothing is produced, the firm's total fixed cost and...
1. Nellie sells 5 used bicycles. The prices were $15 $20 $25 $30 $110. What was...
1. Nellie sells 5 used bicycles. The prices were $15 $20 $25 $30 $110. What was the average (or mean) price? 2. Write the fraction as a decimal: 3. Calculate 15% of $300. 4. Convert the decimal 0.13 into a percent. 0.13 = 5. Compute and give your answer as a decimal: 1-0.3 = 6. Compute and give your answer as a decimal: 42. =_ 7. Compute and give your answer as a whole number or decimal: 1 = 8....
Draw contour lines by hand for the following elevations: 10, 15,
20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m
intervals.
CET 205 Project Spring 2019 Note: for students who attended the on campus lab. Print on 11x17 paper. Draw contour lines by hand for the following elevations: 10, 15, 20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m intervals NAME 16 23 28 32 19 15 12...
Draw contour lines by hand for the following elevations: 10, 15,
20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m
intervals.
CET 205 Project Spring 2019 Note: for students who attended the on campus lab. Print on 11x17 paper. Draw contour lines by hand for the following elevations: 10, 15, 20, 25, 30, 35, 40 and 45. Assume grid lines are spaced at 10 m intervals NAME 16 23 28 32 19 15 12...
ATC 12 MC 10 АЛС Cost (S) 4 2 0 5 10 15 20 25 30 35 40 45 a. Output What output level has the lowest average variable cost? b. At what point is marginal cost equal to average variable cost? Minimum average total cost is equal to d. Why is the minimum point on the ATC curve at 35 units above the minimum point on the AVC curve at 30 units? e. Why does the marginal cost curve...
H-35 20 8 10 12 5 10 20 10 7 4 15 4 25 8 7 4 582 10 7 697787 676 10 3 12 10 5 3 1 5357 2 FYNNN YYYYYY Y N N N N N N N N N N N c-25 19 22 20 22 31 21 18 24 20 28 23 29ー// 23 22 25 21 22 21 I- BMFFM F F M M M M M F F F F F F M...
Italian Sub Italian Sub Taco Taco Taco Quantity MU MU MU/$4 10 MU/$2 15 MU/$1 30 40 30 2 32 8 24 12 8 24 16 3 20 16 12 - 12 - 5 3 1.5 0.5 5 6 6 2 8 4 6 4 2 12 8 4 - Refer to the table, which lists the values of Harry Taber's marginal utility and marginal utility per dollar for Italian submarine (sub) sandwiches and tacos. Assume that the price of...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25 $45 $75 $115 $165 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? OA, 30 OB, 14 OC. 25 O D. 19
Question 6 0.5 pts Figure 2-14 dishwas 45 40 35 30 25 20 15 10 5 15 30 45 60 75 ses 6. Refer to Figure 2-14. It is possible for this economy to produce 75 doghouses. O True O False Question 13 0.5 pts 13. Expenditures by households on education are included in the consumption component of GDP. True O False
Price Quantity TFC TVC $25 $10 25 20 25 50 25 60 $5 10 15 20 5 16. Refer to the table above: At what output on the table would the perfectly competitive firm cover all of its costs and earn only normal profits? 17. The following table applies to the questions below: Output Total cost Total Variable Cost Total Fix cost Marginal Cost 0 $400 200 2 $900 a. When nothing is produced, the firm's total fixed cost and...
1. Nellie sells 5 used bicycles. The prices were $15 $20 $25 $30 $110. What was the average (or mean) price? 2. Write the fraction as a decimal: 3. Calculate 15% of $300. 4. Convert the decimal 0.13 into a percent. 0.13 = 5. Compute and give your answer as a decimal: 1-0.3 = 6. Compute and give your answer as a decimal: 42. =_ 7. Compute and give your answer as a whole number or decimal: 1 = 8....
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