QUESTION A firm’s short-run total cost is TC = and its marginal cost is MC = 7,700 â 200Q + Q2. What is the firm’s shutdown price?A.$45B.$200C.$1,100D.$18 ANSWER: REQUEST HELP FROM A TUTOR
Date: September 2nd, 2020
QUESTION Suppose a firm with a production function Q = KL (where MPL = K and MPK = L) is producing 125 units of output by using 5 workers and 25 units of capital. The wage rate (W) per worker is $10 and the rental rate per unit of capital (R) is $2. What happens […]
Date: September 2nd, 2020
QUESTION An airplane accelerates down a runway at 3 m/s2for 30 s until is finally lifts off the ground. Determine the distance traveled before takeoff. ANSWER: REQUEST HELP FROM A TUTOR
Date: September 2nd, 2020
QUESTION The firm’s long-run total cost is given by and long-run marginal cost is given by LMC = 100 â 20Q + Q2. At what output level does the firm experience economies of scale?A.Q < 175B.Q < 88C.Q < 4,000D.Q < 15 ANSWER: REQUEST HELP FROM A TUTOR
Date: September 2nd, 2020
QUESTION In a perfectly competitive market with 2,000 firms, output is zero at prices less than $10. At prices greater than or equal to $10 and less than $20, each firm will produce 100 units of output. At any price greater than or equal to $20, each firm will produce 300 units of output. As […]
Date: September 2nd, 2020
QUESTION A firm’s production function is given by Q = KL, where MPL = K and MPK = L. The wage rate (W) = $50 and the rental rate per unit of capital (R) is $12.50. In the short run, capital (K) is fixed at 10 units. The short-run average total cost of producing 100 […]
Date: September 2nd, 2020
QUESTION Please show the formulas used and all units.1. John used a force of 300N to push his younger brother in a wagon for 500m.How much work did John do?2. How much work must be done to move a 100.0kg crate a distance of 10.0m across a floor that has a coefficient of sliding friction […]
Date: September 2nd, 2020
QUESTION For this Assignment you will write a 2â3 page essay addressing the topic of decision-making and the heuristics that can influence decision-making. Your essay should be well organized, logical, and unified, as well as original and insightful. You should incorporate information from your course textbook to support your essay.In this unit you learned that […]
Date: September 2nd, 2020
QUESTION Which of the following statements is TRUE?I.Free entry in a perfectly competitive industry results in the industry’s firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent.II.In a perfectly competitive market, long-run equilibrium is characterized byLMC < P < LATC.III.If a competitive industry is […]
Date: September 2nd, 2020
QUESTION Monster Bicycle Manufacturing Company1234 Ghoul Rd.Underbed, FL 34567Federated Regulated Economic Associated ConsultantsEquilibrium StreetPort Richey, FL 34666Dear Federated Regulated Economic Associated Consultants (FREAC),My firm produces bicycles. The market price for the bicycles is currently $500, and we have beenproducing 13 bicycles per week. I don’t believe that my firm could be doing any better producing […]
Date: September 2nd, 2020
