### Our Services

Get 15% Discount on your First Order

# 1. The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and \$21,000), and, after

1. The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and \$21,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of \$8,000).

Note: Assume Q𝑄 denotes the quantity produced of a particular design.

Which of the following best represents the average cost function for producing any single design?

AC=\$21,000Q+\$8AC=\$21,000𝑄+\$8

AC=\$21,000+\$8AC=\$21,000+\$8

AC=\$21,000+\$8QAC=\$21,000+\$8𝑄

AC=\$21,000+\$8,000AC=\$21,000+\$8,000

Based on this information, production in any one single design
(Does not exibit/exibit)    economies of scale.

2. Under decreasing returns to scale, average cost
(falls/rises/remains constant)    as the quantity produced increases. Over this range of output, the marginal cost curve is equalivent to/higher than/lower than
the average cost curve.

3. Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit, your marginal cost decreases by \$4. There are no fixed costs, and the first unit costs you \$76 to produce.

Use the given information to fill in the marginal cost of each unit, as well as the total cost and average cost of each level of output.

 Quantity Marginal Cost Total Cost Average Cost (Units) (\$) (\$) (\$/unit) 1 \$76 \$76 \$76 2 3 4 5 6

Suppose you receive a request for proposal (RFP) on a project for three units.

Your break-even price for three units is

.

Suppose that if you get the contract, you estimate that you can win another project for two more units.

The break-even price for those next two units alone is

.

4. The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: \$30, \$20, \$10, \$5, and \$3 (one seller at each price). Five buyers are willing to buy one widget at the following prices: \$10, \$20, \$30, \$38, and \$44 (one buyer at each price).

For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied.

 Price Quantity Demanded Quantity Supplied (\$ per widget) (widgets) (widgets) \$3 \$5 \$10 \$20 \$30 \$38 \$44

In this market, the equilibrium price will be________.

per widget, and the equilibrium quantity will be
(0,1,2,3,4,5)    widgets.

5. Suppose that due to the outbreak of a new flu, known as H14N9, the demand for hand sanitizer has tripled.

Smith & Smith, a company that produces and sells hand sanitizer, should
(decrease/increase)    production of its hand sanitizer.

Suppose there is no vaccine for H14N9, and that a vaccine will not be developed for several decades.

True or False: Smith & Smith should increase its productive capacity by leasing new plant and equipment.

A. True

B . False

6.
Indicate whether the following change would cause a shift in the demand curve for product A and, if so, the direction of the shift.

 Change Demand Curve Shift? Direction of Shift The launch of an effective advertising campaign for product A Demand curve shift? (NO/YES) Direction of the shift Direction of shift (Increase/decrease/NA) 7. Suppose that on Christmas, the demand for both Christmas trees and Christmas cards increases by the same percentage amount. However, the price of Christmas trees increases by more than the price of Christmas cards. Based on this information, you can conclude that the supply of trees is (Less/More)    sensitive to price than the supply of Christmas cards. o

8.Distributors of pipes earn some monopoly profits in their local markets but see them slowly erode as substitutes enter the market. Suppose Nebraska has scheduled a vote on the legalization of marijuana. Additionally, suppose that marijuana and pipes are complements and that the legalization of marijuana would lead to a decrease in the price of marijuana.

Given the relationship between marijuana and pipes, the legalization of marijuana would lead to
(an
increase/decrease)    in demand for pipes. Thus, distributors of pipes would likely
( support/oppose)    the legalization of marijuana.

9.Relative to managers in more
( competitive/monopolistic)    industries, managers in more (
(
competitive/monopolistic )   industries are more likely to spend their time on pricing strategies rather than on reducing costs.

10. Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium?

In the short run, both monopolists and competitive firms
(can/cannot)    earn positive economic profits. In the long run, neither monopolistic nor
compititivefirms/monopolistics,
but not competitive firms/both monopolistic and competitive firms/ competitive, but not monopolistic    can earn a positive economic profit.

True or False: The adjustment to long-run equilibrium occurs more quickly for competitive industries than for monopolists.

a.True

b.False

Order a Similar Paper and get 15% Discount on your First Order

## Related Questions

### working on a class excel sheet. You will use the  Module Four Basic Markdown Equations Spreadsheet Excel spreadsheet to complete this

working on a class excel sheet. You will use the  Module Four Basic Markdown Equations Spreadsheet Excel spreadsheet to complete this assignment. Using the Excel spreadsheet, enter the correct formula for each question. Each question may require more than one response. The yellow boxes indicate a response is required. Submit your

### Part A 200 words Watch the three (3) short clips/videos on YouTube about leadership. Choose two of the

Part A 200 words Watch the three (3) short clips/videos on YouTube about leadership. Choose two of the three videos and write about the different kinds of leadership styles and approaches you identified that could be connected and effective for opening your own business. References Part B 200 words How has you personal experience with leading

### please see all attachments  The Nature of Contracts Page 9-4 LO9-1 Explain what a contract is and why contracts are useful. The law of

please see all attachments  The Nature of Contracts Page 9-4 LO9-1 Explain what a contract is and why contracts are useful. The law of contracts deals with the enforcement of promises. It is important to realize from the outset of your study of contracts that not every promise is legally

### Case Study: Peloton Interactive, Inc.: The Rough Road to Turnaround Instructions: The focus of module is financial distress an

Case Study: Peloton Interactive, Inc.: The Rough Road to Turnaround Instructions: The focus of module is financial distress and its roots. While the previous write-ups were more modeling-heavy and financial analysis, in this module, we want you to take a bigger picture view. It is still necessary to evaluate key

### Your group submitted your first project assignment last week. In your journal this week, reflect on how you felt during the process of creating the

Your group submitted your first project assignment last week. In your journal this week, reflect on how you felt during the process of creating the assignment. In 2-3 paragraphs, address the following prompts: Did your group give everyone a voice and work toward including everyone? What do you feel

### importance of financial management in health care. Please discuss the following: How would you explain the importance of financial management in

importance of financial management in health care. Please discuss the following: How would you explain the importance of financial management in healthcare? Describe financial models utilized in the health care industry. Reference  Rubino, L. G., Esparza, S. J., & Chassiakos, Y. (2018). New Leadership for Today’s Health Care Professionals. J

### 2 Project Planning MGT 4301 Think back to a team you were a member of. For example, this can be a work team, athletic team, fine arts group, or

2 Project Planning MGT 4301 Think back to a team you were a member of. For example, this can be a work team, athletic team, fine arts group, or social club. Identify the leader of that team. What characteristics dictated that leader’s success or failure? Did the team members’ behaviors

### Question in file named: starbucks.docx DON’T USE AI AT ALL, TURNIT IS GOING TO BE USED TO CHECK ONLY USE FILES AND REFERENCES PROVIDED BUS 4999

Question in file named: starbucks.docx DON’T USE AI AT ALL, TURNIT IS GOING TO BE USED TO CHECK ONLY USE FILES AND REFERENCES PROVIDED BUS 4999 FINAL EXAM Starbucks Case Study Case study References: i. Quelch, J. (2008) ‘How Starbucks’ Growth Destroyed Brand Value’ – Harvard Business Review, available at

### 2 Financial Management FIN 3301 DB V How important is corporate governance when it comes to investing in a firm? Does a firm’s social presence need

2 Financial Management FIN 3301 DB V How important is corporate governance when it comes to investing in a firm? Does a firm’s social presence need to be considered before an individual decides to invest? Why, or why not? Your entry must be at least 200 words in length. No

### see attached  BMAL 550 Discussion Assignment Instructions Overview This course will have 4 Discussions,

see attached  BMAL 550 Discussion Assignment Instructions Overview This course will have 4 Discussions, each including a thread and a reply. Please follow the steps and instructions below to receive full credit for each thread. Each thread is due by 11:59PM EST Sunday of the assigned Module: Week. Each reply

### Work sheet attached 1.Mr. and Mrs. Ward typically vote oppositely in elections and so their votes “cancel each other out.” They each gain 24 units

Work sheet attached 1.Mr. and Mrs. Ward typically vote oppositely in elections and so their votes “cancel each other out.” They each gain 24 units of utility from a vote for their positions (and lose 24 units of utility from a vote against their positions). However, the bother of actually

### View attachment for instructions and incite.  Instructions Instructions: Write a critical analysis essay that

View attachment for instructions and incite.  Instructions Instructions: Write a critical analysis essay that compares and contrasts two organizations that you believe fit one of Morgan’s Metaphors. For this assignment lets compare and contrast FEDEX (Machine type) and UPS (Machine type).  Title: Comparing UPS and FEDEX Using Morgan’s Metaphors 5

### pfa TASK 1: Reflection and Discussion Forum Week 4

pfa TASK 1: Reflection and Discussion Forum Week 4 Reflection and Discussion Forum Week 4 Assigned Readings: Chapter 10. Strategy, Risk, Issues, and Crisis Management Chapter 11. Employee Stakeholders and Workplace Issues Initial Postings:  Read and reflect on the assigned readings for the week. Then post what you thought was

### see attached Required Resources Text Green, M. C., & Keegan, W. J. (2020).  Global marketing (10th ed.) .

see attached Required Resources Text Green, M. C., & Keegan, W. J. (2020).  Global marketing (10th ed.) . Pearson. · Chapter 10: Brand and Product Decisions in Global Marketing · Chapter 11: Pricing Decisions · Chapter 12: Global Marketing Channels and Physical Distribution · The full-text version of this ebook is

### See Attached Required Resources Text Green, M. C., & Keegan, W. J. (2020).  Global marketing (10th ed.) .

See Attached Required Resources Text Green, M. C., & Keegan, W. J. (2020).  Global marketing (10th ed.) . Pearson. · Chapter 10: Brand and Product Decisions in Global Marketing · Chapter 11: Pricing Decisions · Chapter 12: Global Marketing Channels and Physical Distribution · The full-text version of this ebook is

### see attached Required Resources Text Green, M. C., & Keegan, W. J. (2020).  Global marketing (10th ed.) .

see attached Required Resources Text Green, M. C., & Keegan, W. J. (2020).  Global marketing (10th ed.) . Pearson. · Chapter 10: Brand and Product Decisions in Global Marketing · Chapter 11: Pricing Decisions · Chapter 12: Global Marketing Channels and Physical Distribution · The full-text version of this ebook is

### No AI, Chegg, Etc This file is too large to display.View in new window

No AI, Chegg, Etc This file is too large to display.View in new window

### How does the tutor selection process work on SweetStudy to ensure that students receive high-quality academic assistance?  How does the tutor selection

How does the tutor selection process work on SweetStudy to ensure that students receive high-quality academic assistance?  How does the tutor selection process work on SweetStudy to ensure that students receive high-quality academic assistance?  offers tailored financial, taxation, and business advisory services to individuals and businesses across the UK. Their