Homework Answers
Add Answer to:
Question 6 Tries remaining:2 Calculate the price where the firm shuts down in the short run....
Question 5 Tries remaining:2 C Points out of 6.25(Do not include a $ sign in your...
Question 5 Tries remaining:2 C Points out of 6.25(Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) PFlag question Suppose a firm has an average total cost function given by: ATC 9610/q +1 +10q Calculate the price where the firm breaks even (le profit so Answer: Check
Suppose a firm has an average total cost function given by: ATC 9610/q +1 +10q Calculate...
Suppose a firm has an average total cost function given by: ATC 9610/q +1 +10q Calculate the price where the firm breaks even (i.e. profit $0). (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer
Question 5 Tries remaining: 2 Points out of 10.00 Suppose you own an acre of land....
Question 5 Tries remaining: 2 Points out of 10.00 Suppose you own an acre of land. You could grow crops on that land. The cost of seeds is $100. The crops you grow from those seeds will sell for $350. You could also rent the land to another farmer. The rent you could earn is $300. Calculate your economic profit. (Do not include a $ sign in your answer.) Flag question Answer: Check Question 6 Tries remaining: 2 Points out...
2 Question 2 Tries remaining: 2and the price of a unit of paper is $109. Calculate...
2 Question 2 Tries remaining: 2and the price of a unit of paper is $109. Calculate the profit-maximizing quantity of paper. Points out of 6.25 (Round to the nearest two decimal places if necessary.) Suppose that paper factory had a total cost function given by: TC 588 +q+3q. The paper factory is a price taker Flag question Answer: Check
Question 16 Tries remaining: 2 Points out of 6.25 Suppose there was an industry with 5...
Question 16 Tries remaining: 2 Points out of 6.25 Suppose there was an industry with 5 identical firms with marginal cost given by: MC- 10 + 2.5q. Use horizontal summation to find the total supply function for this industry. Fill in the blanks below. Flag question (Round to the nearest two decimal places if necessary. You will not need to include a negative sign in your response.,) Check
Tries remaining: 2 Tries remainig:2 All firms that produce microphones have identical long run average total...
Tries remaining: 2 Tries remainig:2 All firms that produce microphones have identical long run average total cost functions given by: ATC Points out of 6.25 a ri ramaining: 2 Suppose there is free entry in the market for microphones. The demand for microphones is given by: 642-9P 180/q+8 +5q Calculate the long run number of firms in this market. P Flag question Answer: Check
Question 7 Tries remaining: 2 Points out of 6.2 P Flag question Suppose a profit-maximizing price...
Question 7 Tries remaining: 2 Points out of 6.2 P Flag question Suppose a profit-maximizing price taker had a marginal cost function given by: MC 10 +2q. Calculate the producer surplus the firm would earn when the price is $50. (Do not include a $sign in your response. Round to the nearest 2 decimal places if necessary.) Answer: Check
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of...
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. The demand for wheat is given by: Q- 186-0.4P. The supply of wheat is given by: Qs- 3P -120. Suppose the Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 9 Tries remaining: 2 their product is given by: Q Points out of 8.33 Suppose...
Question 9 Tries remaining: 2 their product is given by: Q Points out of 8.33 Suppose that a price-searcher firm was going to use a first degree price discrimination strategy. The demand for 310 -2P. The firm has a constant marginal cost of $25.00 per unit. Calculate the producer surplus the firm would earn from this strategy Flag question(Do not include a "$" sign in your response. Round to the nearest two decimal places if necessary) Answer: Check
Question 11 Tries remaining: 2 Points out of 8.33 P Flag question Suppose that a price-searcher...
Question 11 Tries remaining: 2 Points out of 8.33 P Flag question Suppose that a price-searcher firm had consumers who were all identical to each other. The individual consumer's demand function is givenby: 10 -5P. The firm decides to try a second-degree price discrimination scheme. The first 2 units will have a price of $1.60. After that, any units a consumer purchases will be only $1.20. The firm has a constant marginal cost of $1.00 per unit. Calculate the consumer...
Question 5 Tries remaining:2 C Points out of 6.25(Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) PFlag question Suppose a firm has an average total cost function given by: ATC 9610/q +1 +10q Calculate the price where the firm breaks even (le profit so Answer: Check
Suppose a firm has an average total cost function given by: ATC 9610/q +1 +10q Calculate the price where the firm breaks even (i.e. profit $0). (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer
Question 5 Tries remaining: 2 Points out of 10.00 Suppose you own an acre of land. You could grow crops on that land. The cost of seeds is $100. The crops you grow from those seeds will sell for $350. You could also rent the land to another farmer. The rent you could earn is $300. Calculate your economic profit. (Do not include a $ sign in your answer.) Flag question Answer: Check Question 6 Tries remaining: 2 Points out...
2 Question 2 Tries remaining: 2and the price of a unit of paper is $109. Calculate the profit-maximizing quantity of paper. Points out of 6.25 (Round to the nearest two decimal places if necessary.) Suppose that paper factory had a total cost function given by: TC 588 +q+3q. The paper factory is a price taker Flag question Answer: Check
Question 16 Tries remaining: 2 Points out of 6.25 Suppose there was an industry with 5 identical firms with marginal cost given by: MC- 10 + 2.5q. Use horizontal summation to find the total supply function for this industry. Fill in the blanks below. Flag question (Round to the nearest two decimal places if necessary. You will not need to include a negative sign in your response.,) Check
Tries remaining: 2 Tries remainig:2 All firms that produce microphones have identical long run average total cost functions given by: ATC Points out of 6.25 a ri ramaining: 2 Suppose there is free entry in the market for microphones. The demand for microphones is given by: 642-9P 180/q+8 +5q Calculate the long run number of firms in this market. P Flag question Answer: Check
Question 7 Tries remaining: 2 Points out of 6.2 P Flag question Suppose a profit-maximizing price taker had a marginal cost function given by: MC 10 +2q. Calculate the producer surplus the firm would earn when the price is $50. (Do not include a $sign in your response. Round to the nearest 2 decimal places if necessary.) Answer: Check
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. The demand for wheat is given by: Q- 186-0.4P. The supply of wheat is given by: Qs- 3P -120. Suppose the Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 9 Tries remaining: 2 their product is given by: Q Points out of 8.33 Suppose that a price-searcher firm was going to use a first degree price discrimination strategy. The demand for 310 -2P. The firm has a constant marginal cost of $25.00 per unit. Calculate the producer surplus the firm would earn from this strategy Flag question(Do not include a "$" sign in your response. Round to the nearest two decimal places if necessary) Answer: Check
Question 11 Tries remaining: 2 Points out of 8.33 P Flag question Suppose that a price-searcher firm had consumers who were all identical to each other. The individual consumer's demand function is givenby: 10 -5P. The firm decides to try a second-degree price discrimination scheme. The first 2 units will have a price of $1.60. After that, any units a consumer purchases will be only $1.20. The firm has a constant marginal cost of $1.00 per unit. Calculate the consumer...
Most questions answered within 3 hours.
-
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 12 minutes ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 27 minutes ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 51 minutes ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 1 hour ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 1 hour ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 2 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 4 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 5 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 5 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 5 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 5 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 5 hours ago