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Naomi's clothing company produces hooded sweaters. Her fixed cost is the cost of her knitting machines, and her variable cost comes from maintenance for the machines and her workers. Use the table to answer the following questions. Number of Machines Fixed Cost Total Variable Cost 30 Sweaters 60 Sweaters 90 Sweaters 1 $2,000 $2,200 $3,800 $10,800 2 $3,000 $1,800 $2,400 $10,500 3 $4,000 $1,400 $1,700 $8,150 10.2. Use the purple line segments (diamond symbol) to plot the long-run average total cost (LRATC) curve for Naomi at outputs of 30, 60, and 90 sweaters per week. Also, use the green line segments (triangle symbol) to plot the short-run average total cost (SRATC) curve at the same outputs if Naomi uses two machines. Remember to plot from left to right.
Demand curve is P=-Q+90 and the supply curve is P=0.5Q. Find equilibrium price and quantity. What’s the level of total expenditure in the market? What’s the price elasticity of demand at the equilibrium?
Where Q is the number of cuts per week and P is the price of a hair cut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the price hike will cause revenues to fall. Should Terry raise the pr..
Elucidate how that influences the marginal benefits and marginal costs associated with the decision to purchase a house.
Illustrate what are the correesponding average tax rates in the regressive and progressive tax systems.
If the banking system has a required reserve ratio of 25%, then the money multiplier is. If Bank A receives a $20,000 deposit and the reserve requirement is 25%, how much does Bank A have available to loan out?
Conduct a comparative DuPont analysis of two companies. Using a search engine, find one large corporation included in the S&P 500. Then, find one of its largest competitors.
The production function at Ginko's Copy Shop is q = 1000 x min(L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. As an example, if L = 4 and K = 1, then the minimum of L and 3K, min(L,..
this year his company has been given the opportunity to take on two projects that will increase taxable income by $175,000. Determine the effective (average) tax rate on all of last year%u2019s taxable income.
The surplus cheese USDA buys is the difference between the quantity of cheese producers sell (212.5 billions of pounds of cheese) and the quantity of cheese consumers are willing to buy at the price floor. Taxes must be collected to pay for the purch..
Describe a situation in which there is an economic argument for regulation the quantity of pollution reduction in order to achieve reduced pollution levels rather than using a tax.
Below are the supply and demand functions for two markets. One of the markets is for BMW automobiles, and the other is for a cancer-fighting drug, without which lung cancer patients will die. Briefly explain which diagram most likely represents which..
A potential entrepreneur is trying to decide whether to open a new health spa. she presently makes $35,000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa.if she chooses to open the spa,it will cos..
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