ECONOMICS UPVOTE WILL BE GIVEN. PLEASE WRITE THE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED.  An ice cream producer has fixed costs of Php 3,500,000 per month, and it can produce up to 15,000 ice cream tubs per month. Each tub costs Php 500 in the market while the producer faces variable costs of Php 150 per tub. a. What is the economic breakeven level of production? b. Calculate the ice cream producer’s monthly profits at full capacity. c. What would happen to the monthly profits if another ice cream producer entered the market, driving the price of ice cream tubs down to Php 350 per unit?

Q: Market demand for the nuclear substance pluranium is given below, along with the TR for the given…

A: Given,  Market demand for thr nuclear substance pluraniumPlunarium is supplied to the market by a…

Q: Increases in risky conduct as a result of efforts to make that behavior safer are referred to as…

A: Moral hazard refers to the potential that a party did not enter into a contract in good faith or…

Q: 3. A company wholesales shampoo in a particular city. Their marketing research department…

A: The law of supply and demand joins two fundamental economic standards portraying how changes in the…

Q: Vertical axis (y) (5.0,5.0) Horizontal axis (x) elasticity of curve: 0.25 position of curve: 5 x of…

A: There are so many ways to measure the slope. Here we will use the diagrammatical method to look at…

Q: game. Find all the pure strategy and mixed strategy Nash equilibria in the following Player 2 M R…

A: Pure Strategy Nash Equilibrium gives us the best response/action given what the other player is…

Q: Depending on where a corporation conducts business, the way that corporation is designated changes.…

A: A company's stockholders do not have any legal claim over it. Businesses and persons have many of…

Q: Derive the equation of the isoquant for the production level Y = 1 (with K as a function of L).

A: We have given a production function F(L,K)=L23K23          ...... (1) We have to find the isoquant…

Q: Economic models A are complicated because human behavior is complicated. B are simplifications of…

A: When talking about economic models, it can be said that these models are developed using…

Q: If there is a decrease in supply and demand, how will equilibrium price and quantity be affected?

A: If there is a decrease in supply and demand, equilibrium price and quantity will be affected…

Q: olumn A 1. 2. 3. 4. 5. 6. 7. a tax for which the percentage of income paid in taxes increases as…

A: Tax Taxes are mandatory payments made by the government. either local, regional, or national, to…

Q: Recently, television commercials promoting toothpaste featured a well-known chef expressing…

A: Price elasticity measures how responsive a good's supply and demand are to price changes. The…

Q: Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods…

A: The circular flow diagram refers to the diagram that explains the relationship between firms and…

Q: How is GDPaffected by the nominal and effective interest rates

A: Introduction GDP is the basic accounting measure of total goods and services produced in a economy.…

Q: Consider the supply and demand curves for taxi rides in the attached graph. Even though the vertical…

A: From the given supply curve, at the price 1.83, the quantity supplied is 400 At the price of 2.50,…

Q: The demand curve P=120-Q is what a monopolist deals with. The marginal cost and marginal revenue…

A: This information is provided:   P=120-QMC=2QMR=120-2Q Deadweight loss, locate

Q: Is the following statement true or false? “In the goods market, no buyer would be willing to pay…

A: A competitive market is one where a good is sold by many sellers to a larger group of buyers at the…

Q: 2.103 Lifetime Savings Accounts, known as LSAS, allow people to invest after-tax money without being…

A: Initially deposit = 10,000 deposit increases every year by 1000 r = 12% n = 6 years

Q: GDP is a strong measure of the health of the economy, and it’s among the most important and widely…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: When the price of a certain share accurately reflects all available information about the company,…

A: The efficient market hypothesis is a crucial investment theory that explains how updated information…

Q: The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a…

A: Income ($) Quantity (Bread) 25,000 32 38,000 28

Q: Part B GDP: Where and what is counted? For each of the following items, write one of the following…

A: GDP refers to the production of goods and services during an accounting year. The production in past…

Q: a company will be paying off a loan witj annual payments of $6000 for 8 years assuming 5% annual…

A: Annual Payments = 6000 Years of payment = 8  Interest rate = 5% Formula to be used - FW = PMT(F/A ,…

Q: JUY

A: Gross Domestic Product (GDP) is the value of goods and services produced within the domestic…

Q: 4. Sectoral shifts, frictional unemployment, and job searches The Suppose the world price of steel…

A: Frictional Unemployment is also called as search and wait unemployment. A frictionally unemployed…

Q: the figure to the right, what are the effects of a price increase from $2 per wireless earbud to $5…

A: Quantity demanded Quantity demanded is used in economics to elaborate the final amount of a product…

Q: After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at the local…

A: Opportunity cost is the cost of next best alternative use. In simple words, it is the loss which a…

Q: 11.

A: We know that Market demand for a commodity can change as a result of a change in consumers income,…

Q: The graph below shows the budget lines and indifference curves for a consumer. Suppose that…

A: Ans. Under Consumer theory - The budget line and indifference curve approach   The indifference…

Q: Rent controls are a typical example of a price ceiling. Please select all likely consequences of…

A: A price ceiling is the commanded maximum amount a seller is allowed to charge for a product or…

Q: Every person, every business, every government, and even every school participates in economic…

A: Production of goods and services with the intention of making them available to consumers is one of…

Q: What makes markets efficient?

A: When the market's outcome is desirable, the market is considered to be efficient. But if the…

Q: III. 1. A man lends P 6,000.00 at 6% simple interest for 4 years. At the end of this time he invest…

A: Simple Interest is the amount returned for using the borrowed funds over a predetermined amount of…

Q: Year 1990 1991 1992 1993 Nominal GDP 647 515 552 741 Price index 100 110 110 115 For the above…

A: GDP or Gross Domestic Product is the sum total of the market value of final goods and services…

Q: A depreciation fund for machinery replacement must contain P2,000,000.00 at the end of 5 years. If…

A: Given  The requirement for money to replace machinery after 5 years is P2,000,000  This implies that…

Q: Consider the supply and demand curves for taxi rides in the attached graph. If the price is $2.50…

A: Equilibrium demand and quantity are determined where demand is equal to supply in the market.…

Q: What is a consequence that arises from the CPI bias?     A. A wage contract linked to the CPI gives…

A: Consumer price index measures the change in the price of a fixed basket of goods and services…

Q: Suppose that consumers experience a 5 percent increase in income and purchasing walking shoe…

A: Income elasticity helps to determine whether the good is normal or inferior. Income elasticity…

Q: 1 hp = 0.746 kW

A: Given cost of electricity = 0.10 $ per KWH 1 hp = 0.746 kw Total motor Hp = 85

Q: #5

A: In two Part tarrif System We produce till= mc

Q: If many people are going to hospitals to have their check-ups, there increase the demand. Due to…

A: Equilibrium quantity and supply are determined where market demand is equal to market supply. So…

Q: When the government receipts are more than the government expenditure we call it as Surplus budget…

A: "In an economy, government makes expenditure which means government spends money on commodities and…

Q: Given the following data, use present worth analysis to find the best alternative, A, B, or C. Use…

A: Present worth analysis explains the amount which explains the current cost of the alternatives here…

Q: Mr. Mullet’s Carnival Mr. Mullet runs a traveling carnival that hires local workers in each city it…

A: Given information is, Wages in Large cities = $9 Small cities = $6 or $12 Hired labor in  Large…

Q: HW3_11 Homework Answered Put in order from most price sensitive (first) to least price sensitive…

A: In economics, the coefficient of elasticity defines the variability in the dependent variable due to…

Q: Lance lives in Williston, North Dakota. The firms in town, such as the Walmart, pay teenagers…

A: Here we will use the labor -leisure model.  Total income she could have (at the minimum wage) : Y* +…

Q: Question 8 Note: This question is similar to end-of-chapter problem 3.2 and it is restated here in a…

A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

Q: Venus Flycatcher Company sells exotic plants and is trying to decide which of two hybrid plants to…

A: We must determine the highest price customers would pay for an extremely accurate demand forecast…

Q: Suppose the demand curve for a product is given by Q=18-1P+2Ps where P is the price of the product…

A: Q = 18 - 1P + 2Ps Ps = 2.60 P = 1

Q: 2. Consider a Keynesian IS-LM model for national income: Y=C(Y-T)+1(r) +G L (r,Y)= M* Given: IS:…

A: The IS-LM model, which means "investment-savings" (IS) and "liquidity preference-money supply" (LM)…

Q: Consider the market for Caribbean cruises. In the wake of the COVID-19 pandemic, the cruise…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…