Reference no: EM13759065
1.The demand curve is determined to be:
Qd = 526 - 2P
1. Graph the total revenue and marginal functions.
2. Identify the elastic and inelastic regions of the demand curve.
3. Suppose that a firm's only variable input is labor. When 50 workers are employed by the firm, the average product of labor is 50, and the marginal product of the 50th worker is 75. The wage rate is $80, and the total cost of the fixed input is $500.
a. Determine the average variable cost?
b. Determine the marginal cost?
c. Calculate the average total cost?
d. Determine the following as TRUE or FALSE.
1. Marginal cost is increasing.
2. Average cost is increasing.
3. Average total cost is decreasing.
3. Suppose you win $15 on a lotto ticket. You decide to spend all your winnings on candy bars and peanuts for a party with friends. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each.
a. What is the budget line equation?
b. What is the slope of the budget line equation?
c. What is the opportunity cost of one more candy bar? What is the opportunity cost of one more bag of peanuts? How do the opportunity costs change (rise, fall, or remain constant) as additional units are purchased.
d. Suppose you had won $30 on your lotto ticket, not $15. Has the number of available combinations of candy bars and peanuts increased or decreased?
|
Identify the project-what is it supposed to do
: Create an entire SDLC process that will bring added value to a business. Identify the project-what is it supposed to do? Determine the methodology to be used; describe, in detail, why you chose this methodology
|
|
Find the transaction impact the accounting equation
: Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?
|
|
Function of an ecosystem
: Investigate the biotic and abiotic structure and function of an ecosystem and investigate how ecosystems recover from disturbance naturally and through human restoration.
|
|
Explain the limited aspect of electrical engineering
: Write a 500-word DRAFT that focuses on a limited aspect of Electrical engineering's essay: A pattern or series of patterns, A key paragraph, how it's structured and how it works.
|
|
Determine the average variable cost
: What is the opportunity cost of one more candy bar? What is the opportunity cost of one more bag of peanuts? How do the opportunity costs change - Determine the average variable cost?
|
|
Why is budgeting important for a company
: Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?
|
|
Discuss the rules for the use of combining vowels
: Discuss the rules for the use of combining vowels. When is it necessary to use them? What distinguishes a general suffix from other categories of suffixes? Discuss each type of suffix.
|
|
Explain the capital budgeting process
: Discuss the capital budgeting process and the inputs that are used in capital budgeting.
|
|
Explain and describe one type of business
: Explain and describe one type of business that might be most successful using an export-based strategy, and one type of business that might be most successful using equity investment overseas and explain why each would be successful using the give..
|