Suppose that a paper mill feeds a downstream box mill For the downstream mill the marginal profitability of

Question

Suppose that a paper mill feeds a downstream box mill. For the downstream mill, the marginal profitability of

producing boxes declines with volume. For example, the first unit of boxes increases earnings by $10, the second by $9, the third by $8, and so on, until the tenth unit increases profit by just $1.

The cost the upstream mill incurs for producing enough paper (one unit of paper) to make one unit of boxes is $3.50.

Assume the two mills operate as separate profit centers, and the paper mill sets the price of paper. It follows that the marginal profitability of boxes represents the highest price that the box division would be willing to pay the paper division for boxes.. Furthermore, assume that fixed costs are $0 for the paper mill.

The following table summarizes the quantity, total revenue, and marginal costs from the perspective of the paper mill for selling paper to the box mill at various prices.

In the following table, fill in the marginal revenue, total cost, and total profit for the paper mill when selling paper to the box mill at each given price.

If the paper mill sets the price of paper to sell to the box mill, it will set a price of ($1/$2/$3/$4/$5/$6/$7/$8/$9/$10) and sell (1/2/3/4/5/6/7/8/9/10) units of paper to the box mill. Profits will be $______for the paper mill. Companywide profits will be $______. (Hint: Recall that the prices in the table represent the marginal profitability of each unit of paper, or box, to the box mill.)

Suppose the paper mill is forced to transfer paper to the box mill at marginal cost ($3.50).

In this case, the box mill will demand (1/2/3/4/5/6/7/8/9/10) units of paper. This leads to companywide profits of $______.

Economics

C++

CMPSC 101LAB 11 – Distance between two points with functions Prompt the user for two points
#include lt;iostreamgt;
// YOUR CODE GOES BELOW HERE
#includelt;cmathgt;
using namespace std;
double distance(double p1, double q1, double p2, double q2);
double distance(double p1, double q1,…

Suppose over time that a firm’s production process undergoes capitalsaving technological progress This implies

Question

Suppose over time that a firm’s production process undergoes capital-saving technological progress. This implies

(1) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will increase.

(2) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will decrease.

(3) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will increase.

(4) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will decrease.

why choose(3)?

When a production function can be expressed as q = min{aK, bL}, the relationship between capital and labour in the production function is that

(1) capital and labour are perfect substitutes, and the isoquants are linear.

(2) capital and labour must be combined in fixed proportions, and the isoquants are L-shaped.

(3) capital and labour are easily substituted, and the isoquants are convex to the origin.

(4) capital and labour are perfect substitutes, and the isoquants are L-shaped.

why choose (2)?

Suppose that capital and labour are perfect complements in a one-to-one ratio in a firm’s production function. The firm is currently at an efficient production level, employing an equal number of machines and workers. Suppose the cost of labour were to double and the cost of capital were to fall by half. If the firm wanted to produce the previous level of output, the firm would hire

(1) the same amounts of labour and capital.

(2) twice as much labour as capital.

(3) more labour and less capital.

(4) less labour and more capital.

why choose (1)?

Suppose in a particular production process that capital and labour are perfect substitutes so that three units of labour are equivalent to one unit of capital. If the price of capital is $4 per unit and the price of labour is $1 per unit, the firm should.

(1) employ labour only.

(2) employ capital only.

(3) use three times as much capital as labour.

(4) use three times as much labour as capital.

why choose (1)?

Economics

There is

one question, and please use your word to explain it and be careful it is not about
. The violation of the key assumptions of a perfectly competitive markets lead to market failure and environmental problems. The first presumption for a perfectly
competitive market is the…
Environmental Economics

Analysis Unemployment Discuss the trends of unemployment rates over the past 10 years and provide your

Question

Analysis – Unemployment: Discuss the trends of unemployment rates over the past 10 years and provide your

objective analysis of the changes in unemployment and the current rates. Place extra emphasis on the periods where unemployment was either too high or too low (higher or lower than the natural rate of unemployment).Inflation: Discuss the trends of inflation rates over the past 10 years and their relationship with GDP growth and decline. Highlight the years that inflation was either higher or lower than usual and state the reason(s). Also state the effect of the high and low rates on GDP.

Economics

1

A) Describe the special characteristics of retailing?

B) What are the

Question One
Special Characteristics of Retailing
Market Orientation
This is the characteristic of retailing associated with retailing’s need for making decisions that
are different from time to…

During this step of the cost estimation process the suitability of a specific approach will depend to a large

Question

During this step of the cost estimation process the suitability of a specific approach will depend to a large

degree on the maturity of the program and the level of detail of the available data.

-Definition and planning

-Risk and uncertainity analysis

-estimate formation

-data collection, normalization and analysis

Economics

Suppose that we have an economy with four workers Paris H can teach 3 yoga lessons or make 20 lattes a shift

Question

Suppose that we have an economy with four workers. Paris H. can teach 3 yoga lessons or make 20 lattes a shift.

Kim K. can teach 2 yoga lessons or make 8 lattes a shift. Mike S. can teach 1 yoga lesson or make 40 lattes a shift. And Pauly D. can teach 4 yoga lessons or make 4 lattes a shift. Suppose customers are willing to pay $4 each for lattes and $15 for yoga lessons. a) Who should teach yoga? b)Who should pull lattes? c) How many lattes will the economy make and how many yoga lessons will it teach? Show the calculation of opportunity cost in your answer, and show how much revenue your solution brings. Assume that everyone will work a shift.

Need explanation in full detail

Economics

3) Sandra Tony and Ian are business partners running a financial management company

Sandra has recently entered

Question

3) Sandra, Tony and Ian are business partners running a financial management company. Sandra has recently entered

into multiple contracts on behalf of the business. Tony and Ian just found out about these contracts. They would like to know whether or not they are bound by these contracts? With this scenario in mind, please explain the Law of Agency to the business organization. Would your answer be different if Sandra was an employee or an independent contractor? Please discuss the difference between employee and independent contractor

Management

23

Assume that an economy’s velocity of money circulation (V) is 4 and its nominal GDP (P*Y) is $20

Question

23. Assume that an economy’s velocity of money circulation (V) is 4 and its nominal GDP (P*Y) is $20

trillion. How much money supply is enough for transaction in the economy? (Hint: apply Equation for Exchange)

According to the Keynesian school of thought in the short run to intermediate run the economy IS NOT necessarily

Question

According to the Keynesian school of thought, in the short run to intermediate run, the economy IS NOT necessarily

self-regulating through wage-price flexibility and interest rate equilibrium mechanisms suggested by the classical school of thought.

Economics

1 …

The marginal product of labor is the

a.
marginal revenue product minus the wage paid to the

Question

1. The marginal product of labor is the

a. marginal revenue product minus the wage paid to the

worker.

b. total amount of output divided by the total units of labor.

34.
The marginal product of labor is the

a.
marginal revenue product minus the wage paid to the worker.

b.
total amount of output divided by the total units of labor.

c.

Assume that MPC​ = 0 80 when answering the following questions If government expenditures

Question

Assume that MPC​ = 0.80 when answering the following questions.

-If government expenditures

rise by ​$1.50 ​billion, calculate how much the aggregate expenditure curve will shift upward.

​$1.50 billion.

-Calculate the change in equilibrium real GDP per year. ​$7.5 billion.

******This is the portion I need help with please!!

1.If taxes increase by ​$2
Economics

Suppose there are two firms in an industry X and Y Demand for each firm’s product is

Question

Suppose there are two firms in an industry, X and Y. Demand for each firm’s product is,

respectively:

QDX = 90 – 3PX + 2PY

QDY = 90 – 3PY + 2PX

Both firms also face a constant marginal cost of 10 per unit: MCX = MCY = 10, and there are no fixed costs for either firm.

Using the example above as a guide, find the equations that characterize the best responses for each firm, expressing each firm’s optimal price in terms of the rival’s price:

Firm X’s best response:

Firm Y’s best response:

Firm X’s equilibrium price:

Firm Y’s equilibrium price:
Economics

Suppose

Question

Suppose

that the two firms are able to form a cartel. Derive the output each firm will produce, the market price, and the total profit under the cartel solution.

Consider two firms, Firm A and Firm B, who compete as duopolists. Each firm produces a
homogeneous product.
The total inverse demand curve for the industry is P = 250 – (QA + QB). Firm A has a
total cost curve CA(Q) = 100 + Q2. Firm B has a total cost curve CB (QB) = 100 + 2QB.
Economics

1) Which of the following is true of physical properties?1)

Physical properties

Question

1) Which of the following is true of physical properties?

1)

Physical properties

include mass, color, and flammability.

2)

Physical properties include density, melting point, and ductility.

3)

Physical properties describe the potential for the material to undergo a reaction.

4)

Physical properties cannot be observed without changing the identity of the material.

2) Which answer best completes the following sentence?

_____ is an example of physical change while _____ is an example of a chemical change.

1)

Freezing water, boiling nitrogen

2)

Breaking a pencil, rusting of iron

3)

Burning wood, dissolving salt in water

4)

Bending a piece of aluminum, condensing water vapor

3) Which of the following is not a physical property of sucrose (table sugar)?

1)

It tastes sweet.

2)

It forms a solid white crystal.

3)

It dissolves easily in warm water.

4)

It becomes carbon dioxide and water when heated.

4) In an experiment, two clear liquids are combined in a beaker. A white precipitate (solid) forms and the temperature in the beaker rises.

Which of the following best explains what happened?

1)

The chemical identity of the substances involved was not changed.

2)

The physical properties of the reactants and products are the same.

3)

A chemical change took place as indicted by the precipitate and release of heat.

4)

The physical properties, i.e. density and volume, explain the formation of the solid.

5) What coefficients must be added to balance the following reaction?

_____ Pb + _____ H3PO4 _____ H2 + _____ Pb3(PO4)2

1)

3, 2, 1, 1

2)

3, 2, 2, 1

3)

3, 1, 3, 1

4)

3, 2, 3, 1

6) Which of the following chemical equations violates the law of conservation of mass?

1)

Ti + 2Cl2 TiCl4

2)

2C
Science

31 The nurse administrator reviews longitudinal hospitalbased data regarding nurse staffing and nursesensitive

Question

31. The nurse administrator reviews longitudinal, hospital-based data regarding nurse staffing and nurse-sensitive

patient outcomes. The data reveal that patient outcomes related to the development of pressure ulcers are better when the nurse-to-patient ratio is one nurse to four patients, as compared to staffing ratio of one nurse to six patients. What should the nurse administrator do with these data?

A) Ensure that more baccalaureate-prepared nurses are hired by the organization

B) Implement evidence-based practices tor prevention of pressure ulcers

C) Continue to collect data in order to prove that staffing affects patient outcomes

D) Develop a recommendation for changing the nurse-to-patient staffing ratio

45. When developing a quality improvement team to identify ways to improve the satisfaction of patients served by an outpatient clinic. who would be an essential member of the team?

A) A parking attendant

B) A phlebotomist

C) A risk manager

1 …

How might aquatic mammals be affected in a natural environment if a coat or outer shell was

Question

1. How might aquatic mammals be affected in a natural environment if a coat or outer shell was

compromised by pollution? How might bird species be affected?

1 If firm’s collectively increase the level of markup that they charge on

goods and services, what effect will

Question

What is the expected effect of an increase in unemployment benefits on equilibrium outputand the equilibrium price level in the medium run?

A) Neither prices nor output will change

B) Prices will increase, while output will remain the same

c) Prices will increase, and output will decrease

D) Prices will increase, and output will increase

E) Prices will decrease, and output will increase

Economics

1 …

A representative firm in a perfectly competitive market has a total cost function:

ATC(q) =

Question

1. A representative firm in a perfectly competitive market has a total cost function:

ATC(q) =

72/q + 4 + 2q and MC(q) = 4 + 4q.

a. What is the firms fixed cost (FC) and variable cost (VC)?

b. Calculate the market price at which profits would be zero.

c. Calculate the profits or losses of the firms when price is $16.

d. The market demand is given by Qd = 2000 – 20p. In the long run, what will the market demand be? How many firms will there be?

I know the answer to A already, but i don’t know how to get the answer for the rest.