Please answer these questions...You, people, put just question and did not answer in assignment Chapter 17 Q3: (a) If a Nintendo Switch costs 30,000
This question has been answered
Question

  Please answer these questions...You, people, put just question and did not answer in assignmentQ3:

Chapter 17

(a) If a Nintendo Switch costs 30,000 yen in Japan, how much will it cost in U.S. dollars if the exchange rate is 110 yen = $1? Please show the process.

(b) In 2010, a Big Mac was priced at $2.49 in New York, 3.36 euros in Rome and 12 yuan in Beijing. If the exchange rates were $1=0.72 euros = 6.63 yuan, in which city that Big Mac was most expensive? Please show the process.

 

 

 

Q7: 

Suppose the following table reflects the total satisfaction (utility) derived from eating pizza:


Quantity consumed

1

2

3

4

5

6

7

Total Utility

33

82

112

135

147

140

120


(a)         What is the marginal utility of each pizza?

(b)         From which unit of pizza consumption, the law of diminishing marginal utility starts?


Chapter 5

Q8:

Suppose the mythical Tight Jeans Corporation leased a sewing machine, giving it the following production function:


Number of workers:

0

1

2

3

4

5

6

7

8

Quantity of Output:

0

20

46

64

72

78

81

80

77

(a) At what level of employment does the law of diminishing returns become apparent?

(b) Assume the wage per worker is $24, please compute the marginal cost of each additional pair from 78 to 81 pairs of jeans.

Q9: 

Suppose a company incurs the following costs:


                                               Labor                    $5,000

                                               Equipment         $3,000

                                               Materials            $1,000


It owns the building, so it doesn't have to pay the usual $2,000 in rent.

(a) What is the total economic cost?

(b) How would accounting and economic costs change if the company sold the building and then leased it back?

 

Chapter 6

Q10: 

Suppose that the monthly market demand schedule for Frisbees is:


Price

$8

$7

$6

$5

$4

$3

$2

$1

Quantity Demanded

100

200

400

800

1,600

3,200

6,000

15,000

Suppose further that the marginal and average costs of Frisbee production for every competitive firm are

Rate of Output

10

20

30

40

50

60

Marginal Cost

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

Average Cost

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

Finally, assume that the equilibrium market price is $5 per Frisbee.


(a)         How many Frisbees are being sold in equilibrium?

(b)         How many (identical) firms are initially producing Frisbees?

(c)          How much profit is the typical firm making?

(d)         In view of the profits being made, more firms will want to get into Frisbee production. In the long run, these new firms will shift the market supply curve to the right and push the price down to average total cost, thereby eliminating profits. At what equilibrium price are all profits eliminated? How many firms will be producing Frisbees at this price?          

Answered by Expert Tutors

e vel laoreet a

te

ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus

gue

molestie consequ

amet, consectetur adipiscing

gue

dictum vitae odio. Done

ur laoreet. Nam risus ante, dap

congue vel laoreet ac, dictum vitae odio. Don

gue vel laoreet ac, dictum vitae odio. Do

ng elit. Nam

gue

gue

ce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesqueonec aliquet.ec aliquet. Lorem ipsum do

gue

gue

ctum vitae odio.

gue

at, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amx

ctum vitae odio.facilisis. Pellentesque dapibusnec facilisis. Pellentesque da
, dictumfacilisis. Pellentesque dapibuss
cedictum vitae odio.

ec aliquet.

, dictum vi

sm risus an

e vel laoreet a

icitur laoreet. Nam risu

sususu

facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a m

gue

gue

ec fac

gue

nec facilisis. Pell

fficitur laoreet. Nam risus ante, dapibus a molestie consequat, ult

gue

e vel laoreet ac,xlxl,lo
iscing elit. Namxxfasicui

risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, c

gue

Donec a

gue

acinia pulvinar tortor nec facilisis. Pellentesque dapib

gue

iscing elit. Nam lacinia pulvinarxlxl,lo
m ipsum dolor sixxfasicui
acinia pulvinar t,t,ls,ic

gue

gue

nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fu

gue

usce dui lectus,
itur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dxac, dictum vitae odio. Done

gue

gue

m ipsum

fa

llentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat,

gue

ipiscing elit. Nam

usce dui lectus, congue vel0,i,itili
ec aliquet. Lorem ipsum0tit,xttt
trices0txxii,xF

gue

at, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec axfficitur

gue

gue

ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor n

gue

consectetur adipis

gue

usce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet

onec aliquet. Lorem ipsum dolor sit

icitur laoreet. Nam risus ante, dapibus a molestie consequat, ultr

gue

gue

risus ante, dapibus a molestie consequat, ultrices ac magna.

f

gue

inia p

gue

iscing elit. Nam lacinia pulvinar to

gue

Donec a

gue

ng elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque da

tesque dapibus efficitur laoreet. Nam

gue

, dictum vita

iscing elit. Nam lacinia pulvinar tortor

o. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec f

gue

consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. N

ctum vitae odio. Donec aliquet. Lorem ipsum dolor s

icitur laoreet. Nam risus ante, dapibus

, dictum vitae odio. Donec aliquet. Lorem ipsum dol

gue

, dictum

ultrices

gue

gue

gue

gue

llentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie co

gue

tesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie conseiicitur

gue

gue

gue

sque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices

gue

gue

ctum vitae odio. Donec aliquet. Lorem ipsum dolor

llentesque dapib

icitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus,

gue

gue

a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel l

gue

a. Fusce dui lectus, congue vel laoreet ac, dictum

gue

m risus ante, dapibus a molestie

gue

llen

ur laoreet. Nam risusclesti

gue

gue

gue

ec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac m

gue

gue

gue

ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit, ultrices ac magna. FDonec aliquet. Lorem ipsum dolor sitfcingur lfacilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, daongue vela molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Loremtriipsum dolor sit amet,

gue

gue

Step-by-step explanation

e ve

gue

ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentes

iscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellen

iscing elit. Nam l

aciniaxxxacticxx
ctum vitae odio.xtglllencongsustrices

gue

gue

ia pulvinar,,xxtl
congue veorec aonecscesu
s a molestieorametec aac,onecng e

gue

The student who asked this found it Helpful
Overall rating 100%

"Great...Thank you soo much"

Subject: Business, Management
Get unstuck

483,215 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses