107 662
Assignments Done
100%
Successfully Done
In February 2024

Questions: 2 551

Answers by our Experts: 2 345

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

### Search & Filtering

What might happen if the government invested heavily in automation?

Price elasticity of demand gives a measure of how sensitive or responsive the _____ of a good or service is to a change in the ___ of a good or service

assume that United states is an importer of televisions

Ball Bearings, Inc., faces costs of production as follows:

Quantity Total Fixed Cost Total Variable Cost

0 $100$0

1 100 50

2 100 70

3 100 90

4 100 140

5 100 200

6 100 360 Calculate the company’s average fixed cost, average

variable cost, average total cost, and marginal

cost at each level of production.

b. The price of a case of ball bearings is $50. Seeing that he can’t make a profit, the chief executive officer (CEO) decides to shut down operations. What is the firm’s profit/loss? Was this a wise decision? Explain. c. Vaguely remembering his introductory economics course, the chief financial officer tells the CEO it is better to produce 1 case of ball bearings, because marginal revenue equals marginal cost at that quantity. What is the firm’s profit/loss at that level of production? Was this the best decision? Explain. 1. A woman managing a duplicating (photocopying) establishment for$25,000 per year decides to open her own duplicating place. Her revenue during the first year of operation is $120,000, and her expenses are as follows: Salaries to hired help$45,000

Supplies                                                15,000

Rent                                                     10,000

Utilities                                                1,000

Interest on bank loan                          10,000

Calculate (a) the explicit costs, (b) the implicit costs, (c) the business profit, (d) the    economic profit, and € the normal return on investment in this business.

numerical difference between rate of change and the level of change

What are average cost and marginal cost? Given total cost function: C = Q ^ 3 - 12Q ^ 2 + 6Omega*Q Find

Average cost and marginal cost

Critically discuss the principles of learning that could help you in designing and conducting your Economics education sessions

The maize grown in Mphumalanga is used primarily to feed livestock. Suppose that the current "foot and mouth disease" scare were to lead to a significant drop in the size of cattle herds nationwide. What impact would you expect in the market for maize?

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS