What is the production market in a legal marijuana market? Are there high fixed costs? Are there high variable costs? What are the production inputs?
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What is the production market in a legal marijuana market? Are there high fixed costs? Are...
1. Suppose in the country of Weedland, the market demand for grams of marijuana is given by Qd = 100 - 3P, and the market supply for marijuana is given by Qs = -50 + 2P, where P is the price of a gram of marijuana. a. What is this legal marijuana market worth to consumers? Why?! b. What is this legal marijuana market worth producers? Why? c. What is this legal marijuana market worth to society? Why? increased, and...
(a) Marijuana is an illegal substance in Canada. Suppose in the underground market for Marijuana, the supply curve for Marijuana can be written as ? = 200 + 2? and the demand curve for Marijuana can be written as ? = 500 − 4? where ? is the price of Marijuana and ? is the quantity of Marijuana. C1. (a) Show how to solve for equilibrium quantity ? ? and price ? ? of Marijuana, total expenditure on Marijuana ???...
What is the history of marijuana in Ukraine? Is it legal? Does the country view it positively or negatively? If it is legal how is the industry doing? Any concerns or celebrations to highlight?
When asked if marijuana should be legal or illegal, .47 said "legal" (N=100). What is the 95% confidence interval (use the +-2 shortcut) The CI is between and
Assume that, if recreational Marijuana become legal, its price would be cut in half. Given the estimate of -1 price elasticity of demand for marijuana (from our textbook), what would you expect to be the change in marijuana consumption? It will be cut in half. It will not change. It will increase by 1%. It will increase by 50%.
A. 1. Using account analysis, what was the accountant's estimate of total fixed costs for October? 2. Using account analysis, what was the accountant's estimate of total variable costs for October? B. 1. Using the high-low method, what was the accountant's estimate of total fixed costs for October? 2. Using the high-low method, what was the accountant's estimate of variable costs per unit for October? Mears Production Company makes several products and sells them for an average price of $70....
Using the high-low method to calculate fixed and variable costs, we have calculated our fixed costs to be $10,000 and our variable cost per unit to be $6.00. These calculations were based on a low activity level of 450 and a high activity level of 800. What is the equation for the line that most closely represents total cost at an activity level of 600? Multiple Choice О O Total Cost = $10,000 - ($6.00 x 600) Total Cost =...
Econ 102 help!! 7. A legal marijuana dispensary, represented in graph below, sells 1-gram bag of marijuana at market equilibrium price of $10 (Equilibrium A). Local government decides to impose arn excise tax on sales of each of the one-gram marijuana bag causing supply curve to shift from S, to Sittax Use graph below to answer the following questions: (12 Points) a) What is the excise tax per l-gram bag? S 2. CO b) What is the market equilibrium output,...
13 You are considering investing in a mass assembly production line. The fixed costs for the production line equipment with instulation is $3 million. Each unit of product sells for $20 and has a $5 per unit variable cost. Labor, materials, and energy costs are factored into the variable costs. Expected demand is 300,000 3 units. What is the break-even units? 4 Fixed Costs (S): 5 Unit Cost (S): 6 Variable Cost (S) Break-Even Units per unit per unit You...
Based on predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs. If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs? ------Flexible Budget at ------ ------Flexible Budget------ Variable Total Fixed Amount per Cost Unit 24,000 units 20,000 units Fixed costs Variable cost Total budgeted costs $ 0 $ 0