Homework Answers
Answer : 12) The answer is option D : $0.
Marginal cost is the additional cost of producing or consuming an additional unit of the product. Here for second movie I am paying nothing. This means that the marginal cost for second movie is $0. Hence except option D other options are not correct. Therefore, option D is the correct answer.
2) A) Curve 1 is Marginal Cost (MC) curve.
B) Curve 2 is Average Total Cost (ATC) curve.
C) Curve 3 is Average Variable Cost (AVC) curve.
D) Curve 4 is Marginal Revenue (MR) and Average Revenue (AR) and Demand (D) curve. Because for competitive firm the MR = AR = D.
E) For competitive firm the profit maximizing condition is MR = P = MC. So, based on this condition at quantity level of 17 bushels the MR = P = MC occurs. Therefore, here the profit maximizing output level is 17 bushels.
Add Answer to:
Question 12 2 pts Suppose you pay $10 to watch a movie at the local Cineplex...
Question 29 12 pts Below is the graph of a monopoly firm. Use the graph to...
Question 29 12 pts Below is the graph of a monopoly firm. Use the graph to answer the following Questions. 110 100 90 - 1 N 80 70 60 COST 50 - 40 30 20 10 D MR - 1 60 25 35 55 45 50 OUTPUT Curve 1 should be labeled Curve 2 should be labeled Firms maximize profit where The profit maximizing price for the firm is while the profit maximizing output for the firm is (approximations are...
Question 8: Viewers of the movie Zootopia' often want to see it again. Suppose individual demand ...
Question 8: Viewers of the movie Zootopia' often want to see it again. Suppose individual demand of all viewers is identical and given by P = 16-20, and that the local (monopolist) movie theatre has a marginal cost of $2 per ticket. The theatre manager wants to sell a A dollars to buy B tickets for Zootopia. (for example, if a bundle of four tickets would sell for pay $18, then we would have A-18 and B-4). Derive the optimal...
Monopoly: Fantastic Films is the only movie theater in an isolated town. The table below illustrates...
Monopoly: Fantastic Films is the only movie theater in an isolated town. The table below illustrates the demand schedule for movie tickets and the cost schedule for producing the movies. Complete the table. Maximize your browser window to view all columns in the table. Price ($ per ticket) Quantity (tickets per show) Price ($ per ticket) Quantity (tickets per show) Total Revenue (dollars per show) Marginal Revenue Total Cost (dollars per show) Marginal Cost 20 0 1000 18 100 1600...
Reading and Interpreting 12-4 a1, bi, ci, d Cineplex Inc. is the largest movie exhibition company...
Reading and Interpreting 12-4 a1, bi, ci, d Cineplex Inc. is the largest movie exhibition company in Canada. It operates theatres in 10 provinces across Canada. The company's financial statements are presented in Exhibits 12.13A to 12.13C. EXHIBIT 12.13A Cineplex Inc.'s 2016 Consolidated Balance Sheets CINEPLEX INC. Consolidated Balance Sheets (expressed in thousands of Canadian dollars) December 31, 2016 December 31, 2015 $ $ Assets Current assets Cash and cash equivalents (note 3) Trade and other receivables (note 4) Income...
Suppose that you, Jennifer, and Yixiu constitute the market for DVDS. Your demand for DVDS is...
Suppose that you, Jennifer, and Yixiu constitute the market for DVDS. Your demand for DVDS is illustrated in the graph to the right (D1), along with Jennifer's demand (D2) and Yixiu's demand (D3) 30D3 28- 26- 24- Using the line drawing tool, construct the market demand curve for DVDS. To do this, you will need to use three line segments labeled Dsegment 1 Dsegment 2 22- and 20-D2 segment 3 18- 16- Carefully follow the instructions above, and only draw...
Suppose there are 100 identical firms in the market and the luggage industry is perfectly competitive....
Suppose there are 100 identical firms in the market and the luggage industry is perfectly competitive. What does the market supply curve look like? 20 19 18 17 16 15 14 13 12 11 A 10 9 8 7 6 5 4 20 19 18 17 16 15 14 13 12 11 A 10 8 7 6 2 1 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 0 1 2 3 4 5...
using matlab Create the following matrix B. [18 17 16 15 14 13] 12 11 10...
using matlab
Create the following matrix B. [18 17 16 15 14 13] 12 11 10 9 8 7 6 5 4 3 2 1 Use the matrix B to: (a) Create a six-element column vector named va that contains the elements of the second and fifth columns of B. (6) Create a seven-element column vector named vb that contains elements 3 through 6 of the third row of B and the elements of the second column of B. Create...
Groups 2-4 4-6 6-8 2-4 4-6 6-8 8-10 10-12 12-14 14-16 16-18 18-20 f f 102...
Groups 2-4 4-6 6-8 2-4 4-6 6-8 8-10 10-12 12-14 14-16 16-18 18-20 f f 102 18 40 24 47 80 21 15 66 Find a) Arithmetic mean b) Median c) Mode d) Differentiate between Arithmetic mean, Harmonic mean, and Geometric mean using 2 applications of each.
The graph titled Soy Bean Market is a graph of the market for soy beans, a...
The graph titled Soy Bean Market is a graph of the market for soy beans, a perfectly (purely) competitive market. The graph titled Roy's Soys depicts an individual firm in the market for soy beans. The market and the firm are currently in long-run equilibrium at Point A. Show what happens in the short run on both graphs when a new medical study shows soy beans to be an effective weight-loss supplement. On the market graph, shift a curve (or...
Suppose that you, Julio, and Yusef constitute the market for CDs. Your demand for CDs is...
Suppose that you, Julio, and Yusef constitute the market for CDs. Your demand for CDs is illustrated in the graph to the right (DH), along with Julio's demand (D2) and Yusef's demand (D3). Using the line drawing tool, construct the market demand curve for CDs. To do this, you will need to use three line segments labeled Dsegment 1. segment 2. and D segment 3 Carefully follow the instructions above, and only draw the required objects. 30 D3 Price of...
Question 29 12 pts Below is the graph of a monopoly firm. Use the graph to answer the following Questions. 110 100 90 - 1 N 80 70 60 COST 50 - 40 30 20 10 D MR - 1 60 25 35 55 45 50 OUTPUT Curve 1 should be labeled Curve 2 should be labeled Firms maximize profit where The profit maximizing price for the firm is while the profit maximizing output for the firm is (approximations are...
Question 8: Viewers of the movie Zootopia' often want to see it again. Suppose individual demand of all viewers is identical and given by P = 16-20, and that the local (monopolist) movie theatre has a marginal cost of $2 per ticket. The theatre manager wants to sell a A dollars to buy B tickets for Zootopia. (for example, if a bundle of four tickets would sell for pay $18, then we would have A-18 and B-4). Derive the optimal...
Reading and Interpreting 12-4 a1, bi, ci, d Cineplex Inc. is the largest movie exhibition company in Canada. It operates theatres in 10 provinces across Canada. The company's financial statements are presented in Exhibits 12.13A to 12.13C. EXHIBIT 12.13A Cineplex Inc.'s 2016 Consolidated Balance Sheets CINEPLEX INC. Consolidated Balance Sheets (expressed in thousands of Canadian dollars) December 31, 2016 December 31, 2015 $ $ Assets Current assets Cash and cash equivalents (note 3) Trade and other receivables (note 4) Income...
Suppose that you, Jennifer, and Yixiu constitute the market for DVDS. Your demand for DVDS is illustrated in the graph to the right (D1), along with Jennifer's demand (D2) and Yixiu's demand (D3) 30D3 28- 26- 24- Using the line drawing tool, construct the market demand curve for DVDS. To do this, you will need to use three line segments labeled Dsegment 1 Dsegment 2 22- and 20-D2 segment 3 18- 16- Carefully follow the instructions above, and only draw...
Suppose there are 100 identical firms in the market and the luggage industry is perfectly competitive. What does the market supply curve look like? 20 19 18 17 16 15 14 13 12 11 A 10 9 8 7 6 5 4 20 19 18 17 16 15 14 13 12 11 A 10 8 7 6 2 1 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 0 1 2 3 4 5...
using matlab
Create the following matrix B. [18 17 16 15 14 13] 12 11 10 9 8 7 6 5 4 3 2 1 Use the matrix B to: (a) Create a six-element column vector named va that contains the elements of the second and fifth columns of B. (6) Create a seven-element column vector named vb that contains elements 3 through 6 of the third row of B and the elements of the second column of B. Create...
Groups 2-4 4-6 6-8 2-4 4-6 6-8 8-10 10-12 12-14 14-16 16-18 18-20 f f 102 18 40 24 47 80 21 15 66 Find a) Arithmetic mean b) Median c) Mode d) Differentiate between Arithmetic mean, Harmonic mean, and Geometric mean using 2 applications of each.
The graph titled Soy Bean Market is a graph of the market for soy beans, a perfectly (purely) competitive market. The graph titled Roy's Soys depicts an individual firm in the market for soy beans. The market and the firm are currently in long-run equilibrium at Point A. Show what happens in the short run on both graphs when a new medical study shows soy beans to be an effective weight-loss supplement. On the market graph, shift a curve (or...
Suppose that you, Julio, and Yusef constitute the market for CDs. Your demand for CDs is illustrated in the graph to the right (DH), along with Julio's demand (D2) and Yusef's demand (D3). Using the line drawing tool, construct the market demand curve for CDs. To do this, you will need to use three line segments labeled Dsegment 1. segment 2. and D segment 3 Carefully follow the instructions above, and only draw the required objects. 30 D3 Price of...
Most questions answered within 3 hours.
-
1.
A hemophiliac male mates with a healthy female. what are the
possible genotypes for the...
asked 2 minutes ago -
After reading the Primary Care scenario in the Allied Health
Community, what could have been implemented...
asked 11 minutes ago -
Calculate the change in the Gibbs energy of the system for the
following processes: a) 6.0...
asked 6 minutes ago -
A solution is prepared by dissolving 11.60 g of a mixture of
sodium carbonate and sodium...
asked 15 minutes ago -
1. Mini Case Study: Suppose that, in the future, most jobs will
be bid upon by...
asked 17 minutes ago -
Plantinga argues for the view that there is no solution to the
problem of moral evil....
asked 13 minutes ago -
For this Discussion, you examine a case study of
hearing-impaired children who developed their own language...
asked 18 minutes ago -
At the beginning of the year, Palermo Brothers, Inc., purchased
a new plastic water bottle making...
asked 16 minutes ago -
You could argue that even though Rockefeller clearly had
enormous market power (90% of the market)...
asked 17 minutes ago -
The moment of inertia of a disk rotating about its axis of
symmetry is Icm=1/2MR^2
The...
asked 25 minutes ago -
When using a relational database what makes data
formatting so important and critical to the functions...
asked 35 minutes ago -
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 55 minutes ago