Homework Answers
Average fixed cost= total fixed cost/output
| Output | total fixed cost | average fixed cost |
| 1 | $2000 | $2000 |
| 5 | $2000 | $400 |
| 10 | $2000 | $200 |
AFC would be depicted in the form of rectangular hyperbola.
Add Answer to:
Complete the following table. (Enter your responses as integers.) Average Fixed Cost 2200 Output Average Fixed...
Complete the following table. (Enter your responses as integers.) Average Fixed Cost 2200 Output Average Fixed Cost...
Complete the following table. (Enter your responses as integers.) Average Fixed Cost 2200 Output Average Fixed Cost (AFC) (9) Total Fixed Cost (TFC) $2.000 2,000 2,000 $ 10 Average fixed cost (5) Using the multipoint curve drawing tool, draw the AFC curve. Label this curve "AFC Note: Carefully follow the instructions above and only draw the required object 33 1 11 Units of output After plotting the final point of your multipoint curve, press the Esc key on your keyboard...
The following table shows income and consumption. 350 Consumption $70 280- Income $100 $200 $300 $400...
The following table shows income and consumption. 350 Consumption $70 280- Income $100 $200 $300 $400 $500 $140 $210 $280 $350 Consumption ($) Using the multipoint curved line drawing tool, draw the consumption function given the data in the table above. Label this line 'C'. Carefully follow the instructions above, and only draw the required object. The slope of the line represents Ő 100 200 300 Income ($) 400 500 O A. government spending. O B. autonomous consumption. O C....
The supply curves for Firm A and Firm B are shown in the figure to the...
The supply curves for Firm A and Firm B are shown in the figure to the right. Suppose a quota on how much can be supplied by Firm A is imposed, Emiting it to producing quantity of no more thar SB 6,000 units. 1.) Use the multipoint curve drawing tool to completely redraw Firm A's supply curve, showing the effect of the quota. Label it 'S 2.) Use the multipoint curve drawing tool to draw the total supply curve in...
sd s a What is the effect of a United States guota on sugar of Q...
sd s a What is the effect of a United States guota on sugar of Q on the equilibrium in the U.S. sugar market? Hint: The answer depends on whether the quota binds (is low enough to affect the equilibrium) Show how a quota, Q, affects the total supply of sugar in the United States. Determine the American total supply curve with the quota and without the quota. 1.) Use the line drawing tool to draw the American supply curve...
Every house in a small town has a well that provides water at no cost. However,...
Every house in a small town has a well that provides water at no cost. However, if the town wants more than 14,000 gallons a day, it has to buy the extra water from firms located outside of the town. The town currently consumes 9,000 gallons per day 10-1 Using the data above, draw the supply and demand curves as precisely as possible. Focus on accurately indicating the key points of the curves, but for the rest, it is sufficient...
Nick buys 2 light bulbs at a price of $4.50. The quantity of light bulbs demanded...
Nick buys 2 light bulbs at a price of $4.50. The quantity of light bulbs demanded increases or decreases by 1 for every decrease and/or increase in the price by $1.50. Show the following demand curve with the help of a graph. 1.) Using the multipoint curve drawing tool, plot the demand curve for light bulbs for quantities from 0 to 5. Label your curve 'DD' Carefully follow the instructions above and only draw the required object. Demand for Light...
[Related to Solved Problem #1] You have exams in economics and chemistry coming up and 5...
[Related to Solved Problem #1] You have exams in economics and chemistry coming up and 5 hours available for studying. The following table shows the trade-offs you face in allocating the time you will spend in studying each subject. Hours Spent Studying Midterm Score Choice Economics Chemistry Economics Chemistry 98 96 93 3 92 Score on economics exam 94 Use the multipoint curve drawing tool to plat a production possibilities frontier showing the trade-off between your economics grade and chemistry...
Jaydens Homework: Homework 1 Score: 0 of 10 pts Text Problem 3-2 3 of 7 (2...
Jaydens Homework: Homework 1 Score: 0 of 10 pts Text Problem 3-2 3 of 7 (2 complete) Suppose that in a recent market period, an industrywide survey determined the relationship between the price of prerecorded movie DVDs and the quantity supplied and quantity demanded shown in the table below and depicted in the graph at right Price Quantity Demanded Quantity Supplied $21 $22. 120 milion 110 million 100 milion 90 million 80 milion 60 milion 80 milion 100 milion 120...
1. If the current equilibrium wage rate is $3 per hour, how many hours of labor...
1. If the current equilibrium wage rate is $3 per hour, how
many hours of labor will you hire?
2. How much output will you produce?
Homework: ASSESS Chapter 10 Homework Save Score: 0 of 1 pt 5 of 21 (4 complete) HW Score: 19.05%, 4 of 21 pts Text Problem 2.1 B Question Help 5.00 Total product (output) 4.00- 550 500- 450- 400- 350 300- 250- 200- 150- 100- 507 3.00 Marginal revenue product (output) 0 400 2.00 100...
Homework: Chapter 11 Homework Score: 0 of 1 pt Concept: Graph Average Cost 19 of 20...
Homework: Chapter 11 Homework Score: 0 of 1 pt Concept: Graph Average Cost 19 of 20 (19 complete) HW Sco Consider the production of slices of pizza. The average total cost (ATC) and average fixed cost (AFC) of producing slices of pizza are illustrated in the graph to the right. ATC Use the four-point curve drawing tool to graph the average variable cost of producing one, two, three, and four thousand slices of pizza. Properly label this curve. Carefully follow...
Complete the following table. (Enter your responses as integers.) Average Fixed Cost 2200 Output Average Fixed Cost (AFC) (9) Total Fixed Cost (TFC) $2.000 2,000 2,000 $ 10 Average fixed cost (5) Using the multipoint curve drawing tool, draw the AFC curve. Label this curve "AFC Note: Carefully follow the instructions above and only draw the required object 33 1 11 Units of output After plotting the final point of your multipoint curve, press the Esc key on your keyboard...
The following table shows income and consumption. 350 Consumption $70 280- Income $100 $200 $300 $400 $500 $140 $210 $280 $350 Consumption ($) Using the multipoint curved line drawing tool, draw the consumption function given the data in the table above. Label this line 'C'. Carefully follow the instructions above, and only draw the required object. The slope of the line represents Ő 100 200 300 Income ($) 400 500 O A. government spending. O B. autonomous consumption. O C....
The supply curves for Firm A and Firm B are shown in the figure to the right. Suppose a quota on how much can be supplied by Firm A is imposed, Emiting it to producing quantity of no more thar SB 6,000 units. 1.) Use the multipoint curve drawing tool to completely redraw Firm A's supply curve, showing the effect of the quota. Label it 'S 2.) Use the multipoint curve drawing tool to draw the total supply curve in...
sd s a What is the effect of a United States guota on sugar of Q on the equilibrium in the U.S. sugar market? Hint: The answer depends on whether the quota binds (is low enough to affect the equilibrium) Show how a quota, Q, affects the total supply of sugar in the United States. Determine the American total supply curve with the quota and without the quota. 1.) Use the line drawing tool to draw the American supply curve...
Every house in a small town has a well that provides water at no cost. However, if the town wants more than 14,000 gallons a day, it has to buy the extra water from firms located outside of the town. The town currently consumes 9,000 gallons per day 10-1 Using the data above, draw the supply and demand curves as precisely as possible. Focus on accurately indicating the key points of the curves, but for the rest, it is sufficient...
Nick buys 2 light bulbs at a price of $4.50. The quantity of light bulbs demanded increases or decreases by 1 for every decrease and/or increase in the price by $1.50. Show the following demand curve with the help of a graph. 1.) Using the multipoint curve drawing tool, plot the demand curve for light bulbs for quantities from 0 to 5. Label your curve 'DD' Carefully follow the instructions above and only draw the required object. Demand for Light...
[Related to Solved Problem #1] You have exams in economics and chemistry coming up and 5 hours available for studying. The following table shows the trade-offs you face in allocating the time you will spend in studying each subject. Hours Spent Studying Midterm Score Choice Economics Chemistry Economics Chemistry 98 96 93 3 92 Score on economics exam 94 Use the multipoint curve drawing tool to plat a production possibilities frontier showing the trade-off between your economics grade and chemistry...
Jaydens Homework: Homework 1 Score: 0 of 10 pts Text Problem 3-2 3 of 7 (2 complete) Suppose that in a recent market period, an industrywide survey determined the relationship between the price of prerecorded movie DVDs and the quantity supplied and quantity demanded shown in the table below and depicted in the graph at right Price Quantity Demanded Quantity Supplied $21 $22. 120 milion 110 million 100 milion 90 million 80 milion 60 milion 80 milion 100 milion 120...
1. If the current equilibrium wage rate is $3 per hour, how
many hours of labor will you hire?
2. How much output will you produce?
Homework: ASSESS Chapter 10 Homework Save Score: 0 of 1 pt 5 of 21 (4 complete) HW Score: 19.05%, 4 of 21 pts Text Problem 2.1 B Question Help 5.00 Total product (output) 4.00- 550 500- 450- 400- 350 300- 250- 200- 150- 100- 507 3.00 Marginal revenue product (output) 0 400 2.00 100...
Homework: Chapter 11 Homework Score: 0 of 1 pt Concept: Graph Average Cost 19 of 20 (19 complete) HW Sco Consider the production of slices of pizza. The average total cost (ATC) and average fixed cost (AFC) of producing slices of pizza are illustrated in the graph to the right. ATC Use the four-point curve drawing tool to graph the average variable cost of producing one, two, three, and four thousand slices of pizza. Properly label this curve. Carefully follow...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 19 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour 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 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago