Question
In: Economics
A B C PRODUCT PRICE LARGE SCREEN 100 110 120 $12 MED SCREEN 70 60 $10...
|
A |
B |
C |
PRODUCT PRICE |
|
|
LARGE SCREEN |
100 |
110 |
120 |
$12 |
|
MED SCREEN |
70 |
60 |
$10 |
|
|
SMALL SCREEN |
50 |
40 |
30 |
$8 |
Please answer the next 6 questions based on the information provided in the table above for a profit-maximizing firm producing HD TVs. Any of the three output combinations of HD TVs can be produced for the same cost. And to produce any one of the combinations requires that the firm operate at full capacity. The profit associated with combination A is $300. The revenue generated from C is $2,180.
- The profit generated by producing combination C is _____ dollars.
- The revenue generated by producing combination B is _____ dollars.
- The cost of producing combination B is ______ dollars.
- This firm will earn a profit of_____ dollars.
- How many Large Screen tvs will this firm produce? _______
- If the product price of a large screen TV increases by $5, ceteris paribus, then this firm will earn a profit of _____ dollars.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
100 80 55 105 60 85 30 23 100 110 105 95 105 60 110 120...
100 80 55 105 60 85 30 23 100 110 105 95 105 60 110 120 95 90 60
70
mean = 82.9
(b) Using the given data as representative of the population of
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for the mean price μ of all summer sleeping bags. (Round your
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lower limit
$
upper limit
$
65
100
134
126
60
64
mean = 91.5
(b) Find a...
Economic Growth (10 Marks) 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12...
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2017
2018
Product
Quantity
Price
Quantity
Price
Backpacks
100
$10
120
$12
Books
50
$15
40
$20
Using 2017 as a base year, calculate;
1) The GDP deflator
2) Nominal Economic growth
3) Real economic growth
4) Give reasons why Real GDP per capita may overstate the
well-being of a countries inhabitants?
make as per Canadian standards.
Economic Growth (10 Marks) 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12...
Economic Growth
2017
2018
Product
Quantity
Price
Quantity
Price
Backpacks
100
$10
120
$12
Books
50
$15
40
$20
Using 2017 as a base year, calculate;
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2) Nominal Economic growth
3) Real economic growth
4) Give reasons why Real GDP per capita may overstate the
well-being of a countries inhabitants?
Product Quantity 2017 Price 2017 Quanity 2018 Price 2018 Meat 100 $10 120 $12 Potatoes...
Product
Quantity 2017
Price
2017
Quanity
2018
Price
2018
Meat
100
$10
120
$12
Potatoes
200
$2
180
$3
Assume the base year is given as 2017 and the market basket for
the consumer price index has two products–meat and potatoes–with
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table above. The Consumer Price Index for 2018 equals
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If the price index in an certain economy rises in three
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Production Possibilities Table for Ireland
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Copper 0 15 30 60
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Wine 500 350 150 0
Copper 0 30 70 100
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What is the opportunity cost of producing 1 copper in
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What is it in Peru?
Which country has a comparative advantage in copper?
Which country has a comparative advantage...
Construct a frequency polygon for the following: 60-69 12 70-79 15 80-89 10 90-99 2 100-109...
Construct a frequency polygon for the following:
60-69 12
70-79 15
80-89 10
90-99 2
100-109 1
110-119 0
120-129 1
Combination apples( thousands /kg) grapes(thousand/kg) A 180 0 B 150 10 C 120 20 D 60...
Combination
apples( thousands /kg)
grapes(thousand/kg)
A
180
0
B
150
10
C
120
20
D
60
30
E
30
40
F
0
50
a. Based on table above, Plot the Production Possibilities Curve
(PPC)
(2Marks)
b.What the opportunity cost of producing 20 thousand KG of
Grapes
(Show your working) (2Marks)
c.What the opportunity cost of producing 150 thousand KG of Apples.
(Show your working)
d.If this country wants to produces 30 thousand kg of apples and 20
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of...
Given Y=120, TR=10, C=70, T=40, G=45. Total S (saving) = ____. Select one: A. 3 B....
Given Y=120, TR=10, C=70, T=40, G=45. Total S (saving) =
____.
Select one:
A. 3
B. 5
C. 7
D. 9
E. 11
(A) (B) (C) Price Level Real GDP Price Level Real GDP Price Level Real GDP 110...
(A)
(B)
(C)
Price Level
Real GDP
Price Level
Real GDP
Price Level
Real GDP
110
290
100
215
110
240
100
265
100
240
100
240
95
240
100
265
95
240
90
215
100
290
90
240
a. Which set of data illustrates aggregate supply in the
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The data in (Click to select)CAB.
Which set of data illustrates aggregate supply in the short run in
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The data in...
Problem 4-04 PRICE SHARES Company A B C A B C Day 1 $12 $24 $54...
Problem 4-04
PRICE
SHARES
Company
A
B
C
A
B
C
Day 1
$12
$24
$54
500
380
250
Day 2
10
20
60
500
380
250
Day 3
14
48
56
500
190a
250
Day 4
15
50
27
500
190
500b
Day 5
11
48
28
500
190
500
aSplit at close of day 2.
bSplit at close of day 3.
Calculate a Dow Jones Industrial Average for days 1 through 5.
Do not round intermediate calculations. Round...
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