A retailer bought several pairs of Jean's for $75,000. He sold all but 30 pairs got 86400 making a profit of $70 on each pair sold. How many pairs of Jean's did the retailer buy?

Q: VC AVC TC АТС MC $0 $0 $30 $0 $0 1 $40 $40 $70 $70 $40 $100 $50 $130 $65 $60 $180 $60 $210 $70 $80 4…

A: in a perfectly competitive market, there are a large number of firms producing similar and identical…

Q: a 6410

A: Answer R = 6%

Q: Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table…

A: The arc price elasticity of demand is calculated with the help of the following formula: Ed =…

Q: 21 of 25 (14 complete) ▼ HW Score ter 3.11 1 2 LRASSRAS, LRAS SRAS. SRAS.

A: Diagram  1 represents the case of increase in the expected price level as AS shifts to the leftward…

Q: 100 90 80 70 60 ATC 50 40 30 20 AVC 10 MC O 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of…

A: please find the answer below.

Q: 40% al risks by ident

A: Answer factors scale impact rating 1 to 5 with 5 being most impactful probability of…

Q: bit 23-9 Market Price and Cost P2 Pi Single Firm SRATC MC LRATC d 0 9₁ 92 Quality Quantity to…

A: Market demand is the all out quantity demanded across all consumers in a market for a given good.

Q: Instructions: Answer the letters (A) and (B) only. Data table is also provided (refer to the photo…

A: The perfectly competitive market is the market structure where a large number of firms compete in…

Q: rofit maximizing output is at: *   100 320 440

A: Total profit is calculated as total revenue minus total cost

Q: TC TFC TVC MC AC AFC AVC 1 10 2 20

A: For filling the above table we required the following formulas Total Cost =Total Fixed Cost + Total…

Q: 16 14 12 10. ATC AVC MR 10 20 30 40 50 60 70 80 90 100 11o 120 Quantity Price Total Revenue

A: We will answer the first three subparts only. Please resubmit the question with any other parts…

Q: the price of a Kebab is 20TL, what is the revenue when 100 Kebab is sold be the restaurant owner?…

A: When a production takes place then it happens with the help of many inputs and costs. Producers…

Q: 8. A dealer makes a net profit of 40% based on when he sells a computer for RM 1350. If the…

A: Breakeven price "it is amount of money or change in value for which  an asset must be sold to cover…

Q: You just received your midterm exam results andyour professor wrote the following note: “Youreceived…

A: In economics, positive statements are those that are objective as well as testable in nature. Such…

Q: True or False: A disadvantage of buying a used car is that it loses a lot of value when you drive it…

A: It is not a used car but rather a new car which loses its value when driven off the dealership lot.…

Q: Eastman Publishing Company is considering publishng an electronic textbook about spreadsheet…

A: * SOLUTION :-

Q: Write a brief on SDGs 7,8 and 13. How it works if there is a hydro power plant. Maximum 1000

A: The Sustainable Development Goals (SDGs) linked to global goals aimed at becoming a "framework for…

Q: 18. Annual sales: $165,000 Average inventory: $14,700 Inventory turnover (nearest tenth):

A: Inventories are items held by businesses for the purpose of sale. Businesses sales some portion of…

Q: When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they…

A: Using the given data: P=Price is the dependent variable Q=Quantity demanded is the independent…

Q: If the seller manufacturing the books with costing $10 per book.  the seller sells 500 books at a…

A: Total number of books (Q) = 500 Price of each book (P) = $100 Manufacturing cost per book = $10

Q: WARREN & ANDERSON INSURANCE Current Claim Status for AN Total Claims by Week for AI ase 200 100…

A: The insurance claims are one of the major considerations for the general public as they allow for…

Q: A company fnds that if they price their product at 25 dollars, then they can sell 540 items of it.…

A: Given; Price of the product; P1=$25Quantity; Q1=540Increase in price of the product will decrease…

Q: Egy compay eped mafacting cet to dece becne of l d prodactivity,how e e e cot ate ef per yea la clst…

A: Given: The interest rate is = 8% To Find: The equivalent annual cost:

Q: Describe the Cost of Cooking with Electric and Gas Ranges.

A: Cost: It shows the monetary value of the good and services which is purchased by consumers and…

Q: 1000 900 O, at $150 800 700 600 Profit Max 500 400 ATC at Profit Max 300 200 ATC Profit 100 MC MR 2…

A: please find the answer below.

Q: pose Leisureville pro ibilities frontier: evisions Couches 1,000 900 750 550

A: The Opportunity Cost(OC)shows the possible benefits an individual, firm, or investor misses out on…

Q: Victor plans to set up an online business selling software applications that he develops and…

A: P = $130, FC = $850, VC = 3($15) = $45. Then, CM = P-VC       = 130 - 45        = $85 a) Break even…

Q: Suppose we know that p=1,056- D/5, where p: price in dollars and D = annual demand. The total cost…

A: For profit maximization the marginal cost should be equal to marginal revenue.

Q: Fatemah weaves traditional Iran rugs. She weaves and sells 50 rugs per month. Her average cost of…

A: a) To calculate the total revenue: 50×$65=$3250 Therefore the total revenue would be $3250 which is…

Q: Assuming that the product’s price is P58 per pack, should the competitor sell in the short-run? Why…

A: As we know firm continue production when they able to recover only average variable cost in short…

Q: Price, cost of bushel $30 26 MC 22 18 ATC AVC 14 10 2. 12 3 Quantity of tomatoes (bushels) 5 6

A: The general rule is that the firm maximizes profit by producing that quantity of output where price…

Q: TR= 40Q-3 fixal Lost: 30$ aue/ cach 1 unit losts 108 find muximum profit thcet can be obfainect?

A: Answer: Given, Total revenue function, TR=40Q-3Q2 Fixed cost=$30 Variable cost per unit=$10 To find=…

Q: Suppose we know that p=1,056– D/5, where p = price in dollars and D = annual demand. The total cost…

A: Profit = Total Revenue- Total Cost Total Revenue = Price*Quantity And here quantity is D and Price…

Q: m x1 = 10 + 10р1 If income is 200 and product is sold for price of 10, subsitition and income effect…

A: The income effect is the change of consumption of a good due to a change in income. The substitution…

Q: 11. Profit is maximum when

A: To find : When will be profit maximum.

Q: Consider a market for used bicycles, with high and low quality. Sellers value high quality at $260…

A: Buyers values High quality at $345 and Low quality at $135.

Q: A group is planning its annual fund-raiser in which it raises money by selling pasta dinners. The…

A: A firm's profit is equal to its total revenue adjusted for total costs. All economic activities are…

Q: tc(q)=4800+5q** find the ATC ATC=TC/q

A: TC= TFC+TVC where fixed cost is independent of output produced whereas variable cost varies with the…

Q: A quantity that assumes only one value over a period of time Select one: a. Integers O b.…

A: In real world we have variables which are of 2 types quantitative and qualitative. Both types of…

Q: An airline flies from Manila to Davao with a stop over to Cebu. It charges a fare of ₱1, 800  Manila…

A: Given: The cost of flight ticket from Manila to Cebu = P 1800. The cost of flight ticket from Manila…

Q: A fruit stand owner rents a stall at the market for $255$⁢255. Each month, the owner spends…

A: The total production process of a firm is an amalgamation of various costs, the optimum quantity…

Q: ATC MC 10 PRICE (Dollars per subscription) 8 8 R 8 8 9 8 &

A: A monopoly is the sole producer of a good thus having maximum market power hence will acts as a…

Q: Printer quotes a price of a birr7500 for printing 1000 copies of a book and birr.15000 for printing…

A: Here, it is given that the price of 1000 copies is birr7500, while the price of 2500 copies is…

Q: How much does profit change if 6 units are sold instead of 5?

A: The firms in the market have their cost and revenue functions and the major elements of the firms in…

Q: PRICE à à à à P₂ P₁ P aa'a P₂ P₁ MC ATC AVC

A: In the perfectly competitive market, equilibrium is established where the P =MC. the price should…

Q: Total revenue is $4400 and output is 220 Find the value of average revenue

A: Total revenue is value of output sold at a particular price. For profit, total revenue should be…

Q: Your monthly budget is $2500.00. You have been asked to save 25% of your monthly budget. Please…

A: A monthly budget refers to the monthly income of an individual. That income is then portioned into…