Mandy enjoys going to the movies. In July she saw 8 movies in the theatre. Her Marginal Benefit of the 8th movie was $14, while her Marginal Cost of the 8th movie was $11. Based upon this information...

Mandy enjoys going to the movies. In July she saw 8 movies in the theatre. Her Marginal Benefit of the 8th movie was $14, while her Marginal Cost of the 8th movie was $11. Based upon this information...

Quantity demanded is the quantity Select one: a. customers will purchase at a specific point in time b. producers will sell at a specific price c. government demands to...

Devon enters his poem in a nationwide contest, rather than joining his friends at a football game. Which would be a long-term benefit of his choice? Select one: a. Getting extra credit...

Jen is starting a nonprofit store. She plans to sell handmade African scarves and jewelry. Which economic question(s) would Jen still need to answer? Select one: a. For whom to...

Suppose a company has fixed costs of $35,200 and variable cost per unit of 2/5x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of...

Assume that private savings and government saving are fixed. The country runs a trade surplus. What happens to domestic Investment? Explain using the identity/relationship and intuitively

1. The following activities occurred during a given year: i. A lumber mill company pays its workers $100,000 to produce 200 cubic feet of wooden planks. The lumber is then sold to a furniture...

A heavy snowstorm is predicted to occur in Boston on the same night as the city’s professional basketball team is playing a game. The snowstorm, if it occurs, will make it difficult for people to...

A product has a price elasticity of demand of 0.6, which means that: 1)Total revenue falls when the price increases. 2)Revenue is unaffected by price changes. 3)Total revenue...

1) The demand curve is an upward-sloping line which relates price and quantity demanded. 2) If a company that faces a downward-sloping demand curve charges the same price to all...

A jewelry store has a discount for customers who purchase multiple pairs of earrings: after paying full price for one pair of earrings, the second pair is 15% off. John goes to the store and finds...

in a market economy, prices help determine the distribution of goods and services but not the allocation of resources. is this true or false?

A company's average cost per unit when x units are produced is defined to be Average cost = Total cost/x Suppose a company's average costs are given by Average cost = 8000/x +...

Q 3. Suppose an individual has an income of $20 per time period, the price of good X is $2 and the price of good Y is also $4. That is, I = $20 , PX = 2, and PY = $4.

I know that the answers are x2 = (1-a)m/p2 and x1 = am/p1 but how would one derive these answers? (Economics and Politics student.)

1) What is present worth for payments of 500 every 6 months starting 6 months from now and lasts for 10 years, if the interest rate is 3% per year compounded semiannually. 2) You...

answer for question on class

Question!!!!Discuss the strategy you expect the Federal Reserve to follow and broadly what you predict it will do.You would want to analyze the strategy using aggregate demand-aggregate supply...

How to determine, whether to opt for profit maximization or sales maximization when equations of total revenue and total cost are given? The equation of total cost is a cubic equation in terms of...

if anyone can help with this, it'll be greatly appreciated