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- estions Pall22_Microecon_KM Join: 746518 Assigned 2 Gradebook o Handouts Sep 16, 11:59 PM Dashboard Que Sep 16, 11:59 PM < HW3 (Ch3 & 4) Homework Due in 2 days Unanswered B Melinda Lee Cantrell app.tophat.com Unanswered Ⓒ A company producing 1000 phone protection covers a week when the price was $4. Their covers become very popular pushing up the price to $8. The next month they are producing 4000 cases a week. With this information answer the following: HW3 13 Homework Unanswered Determine the elasticity of supply for this company. (2 decimal places is the default answer) Type your numeric answer and submit 10am Fall22_Microecon_KM - Assigned | Top Hat HW3 14 Homework Answered. 15/17 answered MacBook Pro Submit O Please type your answer to submit Submit 05 + 88 Becca v Open in Reading View PERFECCCCE how2reeRefer to the Data for Elght Phones Talk Time Overall Score (Hours) Brand Model Price ($) Volce Quallty AT&T CL84100 50 73 Excellent 7 AT&T TL92271 70 Very Good 06 Panasonic 4773B 100 78 Very Good 13 Panasonic 6592T 80 72 Very Good 13 Uniden D2997 35 70 Very Good 10 Uniden D1788 70 73 Very Good Vtech DS6521 70 72 Excellent 7. Vtech CS6649 60 72 Very Good 7. (a) What is the average price for the phones? (Round your answer to the nearest cent.) 2$ (b) What is the average talk time for the phones? hours (c) What percentage of the phones have a voice quality of very good? %Amarks Profiles Tab Window Help b. W G iz/attempt.php?attempt=631086&cmid%3D55726&page=13 tempt ... 0:12:25 n 14 $6.00 $5.50 ed MC $5.00 $4.50 $4.00 $3.50 put of ATC AVC on P= MR $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 25 50 75 100 125 150 Output (Q) The diagram above shows a Perfectly Competitive firm in the short-run. This firm will minimize its loss by choosing the Output (Q)level: Select one: O a. 50 O b. 75 O c. 25 O d. 100 Next page evious page MacBook Air
- $1200 $1000 $1000 D3 D1 D2 $600 D3 D1 D2 0 300 500 650 500 Computers Per Week Computers Per Week A Refer to the graphs. Which of the following best represen Price PriceUNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $2Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices over first half of life Number of smart devices over second half of life Average $ transaction per device $ monthly subscription paid - monthly total Average annual revenue -first half of life Average annual revenue -second half of life Average life of subscribed customer Revenue over lifetime Minimally Satisfied 2 1 $79 $9.99 2 years Moderately Satisfied 4 2 $85 $19.99 5 years Highly Satisfied 6 3 $79 $19.99 7 years
- Use the diagrams to answer the following questions. Price and cost 20- 18 16- 14- 12 10 8 6 4 2+ o Market 1 488888 MC NO₂ MR 40 55 an in en nn minn Price and cost 20- 18- 16- 14 12- 10- 8- 6- 4- 2- 0 Market 2 0000000 MC NMR Annnnn in ED ORA on noinn If the firm wants to maximize profits, what price will it charge in Market 1, and what quantity will it sell? The firm will charge a price of $ using integers). Q and will sell a quantity of units. (Enter numeric responsesThe following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 240 220 200 Total Revenue 180 160 140 120 100 80 60 40 20 0 PRICE (Dollars per bike) 0 9 18 27 > 36 45 54 63 72 QUANTITY (Bikes) 00 8 Demand 90 81 99 106(a) What is the profit-maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $ 2.50 per slice? MC S/slice ATC AVC 2.50 1.40 slices/day 570
- 2. (a) What is the profit-maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $ 2.50 per slice? 17 MC S/slice ATC /AVC 2.50 1.40 slices/day 570 2 (b) What is the profit-maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $ 0.80 per slice? MC S/slice ATC JAVC 1.03 0.80 slices/day 360Rate My X Amazon. X G the solov X unc.edu/portal/site/8eaf91f5-c677-433e-8847-bd959eb5d0f9/tool/4a551cdb-9548-4116-aac8-ae76c145bc59/Showltem?returnView=&studentlteml. INA 155 Time Remaining: 00:24:09 A Hide Time Remaining A The table shows the maximum amount that 6 different students are willing to pay for a used textbook. Assume each student only buys one book. If the market price of a used textbook is $68, what is the value of consumer surplus in this market? Buyer Value $75 $50 Breanne Nesreen Shreeva $60 $90 Peyton Will $85 $70 Kayla A. between $35 and $40 O B. less than $30 O C. between $30 and $35 O D. more than $40 Reset Selection Show all HE SL.mp3 8:49 AM ch for anything 5/13/20216. Elasticity and total revenue I The following graph shows the daily demand curve for bippitybops in Vancouver. On the following graph, use the green rectangle (triangle symbols) to shade the area representing total revenue at various prices along the demand curve. Notice that when you click on the rectangle, the area is displayed. Note: You will not be scored on any changes made to this graph. PRICE (Dollars per bippitybop) 240 220 200 180 160 140 120 100 80 60 40 20 0 0 6 12 ** + 48 B 18 24 30 36 QUANTITY (Bippitybops per day) Demand 54 80 72 Total Revenue ?