HW#4_AGEC1113_Sp23

Table 1. Hypothetical Cost Schedule Quantity TFC TVC TC 0 30 0   1 30 15   2 30 20   3 30 23   4 30 28   5 30 38   6 30 60     From the given table 1, show the graphical solution where quantity is the X-axis, and TFC, TVC, TC is the Y-axis and what does the graph implies

#3= In her first month of business, Yaseen sells out of her kits in 3 days. In her second month of business, she decides to supply 60 kits. How much should she charge for each of these kits based on her supply function?

Refer to the above diagram for the milk market, If the price were $1.00 per gallon, then there would be

I need help with this question, the second image shows the dropdown options

The cost of the average consumer’s basket of goods and services in 2018 is roughly 10 times what it was in 1950. In other words, what the average consumer bought for $100 in 1950 would cost a consumer $1,000 in 2018. Does this mean that the purchasing power of the average consumer is one-tenth what it was in 1950? Explain your reasoning.

Use the graphical illustration to answer the following questions: (if required, use the discreet number of barrels)1. How much is the price of the natural-organic oil per barrel?2. How many barrels of natural-organic oil should the firm produce to maximize its profit?

Hi, I only need number 3. Microeconomics - Budget Line (BL) Ethan is a collector of pokemon cards and stickers. He has $56 given by his dad to spend on his collection. The store sells them at $14 per pokemon cards and $7 for the stickers. 1. If Ethan spends all his money on pokemon cards, what is the maximum unit that he can purchase based on the given budget If Ethan spends all his money on stickers, what is the maximum unit that he can purchase based on the given budget?  2. Show in a budget line illustration where pokemon cards is in the x-axis and y-axis is the sticker. 3. Compute for the slope based on the illustrated results. What is the implication of the result?

Explain the information in the image below

A consumer sets themselves a weekly budget of $15 for vegetables. They only eat carrots and peas. Peas cost $1.50 per pound and carrots cost $1.00 per pound. 2. Draw a budget line for the consumer showing his possible weekly consumption of peas and carrots. Label both axes with numbers and an axis title. Add a second line that shows what happens when carrots go on sale for $0.75 per pound. Upload your diagram. Please give typed answer ASAP with proper explanation of it. Will give you thumbs up only for the correct answer. Thank you .

Suppose consumers believe that prices will be rising in the future. How will that affect demand for the product in the present? Can you show this graphically?

Please solve and provide the explanation for the problem provided in the photo below

Pilar’s taco trucks sells about $600 various tacos per day for an average price of $6. On average, each tacos cost $3 (includes labor, materials and miscellaneous), Pilar’s profit margin is ________.

The price of insulin injection kits, used by diabetic patients, increases from $45 to $52, but the equilibrium quantity remains the same. Is it possible? Explain why or why not. Use graph

Please do fast and add explanation , diagram

You will draw a Supply and Demand diagram, and then do some additional things. Please follow the directions carefully. To begin, you will make some decisions, by answering for yourself these questions: What is the product (good) or service? What is the time period over which we are measuring, e.g., units sold per day, week, or month (don't go beyond month)? What is the geographic area we are looking at? Common choices might be: the city of …, the county of…, the state of…, the U.S. , the world. What is the range of possible prices you want to include? This could be from zero to some higher number. What is the range of possible quantities you want to cover? This will be a function of the product, the population, and the time period. These parameters can be made up, but should bear some connection to reality. EXAMPLE My product is plain white athletic socks, one pair. My time frame is one week - so the number of pairs sold in a week. My geographic area is the whole U.S., - so the…

PLEASE ANSWER D & E You are the manager of a firm that specializes in small single-board widgets. Your goal is to determine the number of units (Z) that must be produced and sold by your firm each month in order to maximize profits. The total benefits (revenues) and costs to your firm of producing various quantities are given in the first three columns of the following table. Based on this scenario, complete the table and answer the accompanying questions: Control Variable Z  Total Benefits B(Z) Total Cost C(Z)0                             0                            01                             200                        102                             380                        303                             540                        604                             680                        1005                             800                        1506                             900                        2107                             980                        2808…

During the height of the Covid pandemic, McDonalds like all other restaurant chains suffered from the combined negative impact of missing customers and supply chain disruptions.  In words, how might each of these separately affect the Demand and Supply diagram.  What is the overall impact on the market for McDonalds?  Next, graphically depict the combined effect of the two, make a copy of the image, and insert at the bottom of the answer.  If you need help, with photographing and inserting an image, reach out to your instructor or classmate.

With help of a diagram, explain the impact of decrease in 1 product only. Please provide example (products etc as assumptions) to explain the impact.

Explain the term resource

Dear Expert, my question is attached as an image - I have provided all question responses very clearly.  Kindly note that the question is asking me to interact with the graph and highlight a particular area. Please be very clear in which area of the graph you'd wish to highlight. Either upload an image that clearly depicts which part of the graph you'd like to highlight, or perhaps a sketch. Kindly leave no room for confusion regarding where I must highlight the graph.

Not a grade. This is all ONE QUESTION  (You don't have to do this I already have the graph) Label the new equilibrium E1. What is the new equilibrium price? 4 What is the new equilibrium quantity? 250 Was this a result of a change in supply or quantity supply? Was this change an increase or a decrease? As a result, did the equilibrium price increase or decrease? As a result, did the equilibrium quantity increase or decrease?

Suppose you have t = 5 hours in total to spend on some projects to make some money. The table below shows how many dollars you can make (Total Revenue) in each of the three projects I, II, III if you spend the corresponding number of hours on that project: How would you allocate your time across the projects?What is the maximum total money you could make?

I used to buy 3 movies a month, but when Connecting U dropped the price of a gigabyte of data from a high of $20 to a low of $14.48 (a total decrease of 32.02 percent according to the midpoint formula), I want to buy 5 movies a month. A) My demand for movies increases by 33.34% B) My demand for movies increases by 66.67% C) My demand for movies increases by 50% Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Articles – Avocado Industry How have farmers responded to the growing demand for avocados? How has it affected them positively and negatively? How has it affected U.S. businesses and U.S. consumers of avocado dishes? The articles are in the Modules section under Reading Material.

Describe the equilibrium conditions in consumer theory (utility maximization) and in production (output maximization). How are they similar? Briefly talk about the duality between production and cost.                                        (Don't forget to talk about law of diminishing MU, diminishing MRS, diminishing MPs and diminishing MRTS. Clearly define each concept with examples. Make sure to define budget and cost constraints. Indifference curves and isoquants. Graphically derive the equilibrium conditions. Make sure to talk about how output maximization and cost minimization lead to the same maximizing/minimizing input bundles. )