Q: QUESTION 7 Under a share lease agreement, income is usually split between the tenant and landlord in…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: LTC= 150Q - 15Q^2 + 0.4Q^2 LTC=150Q-15Q2+0.4Q2 How much economic rent does the low cost producer…
A:
Q: A vendor cost Ρhр 75.00 to buy the things he needs make home made рulvoron. A рrivate рark allows…
A: In financial aspects the breakeven point recipe is dictated by isolating the total cost related to…
Q: 5) If Hilltoo Turf Farm's total cost of producing acres of sod is TC = 0.202-1200 - 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A Farmer‘s production function Y =100 × 1. Among farmer's ownership, fixed land rental &…
A: production function, in economics, is a condition that communicates the connection between the…
Q: 1 How price-elastic do you think the supply of land is? Give reasons for your answer.
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: 1. Refer to Table below. Mr. Al-Maashani owns high end wedding cake baking business in Salalah. He…
A:
Q: Most renters and all homeowners will both need to pay monthly for a new furnace O their mortgage…
A: Households incur certain costs of living in a house.
Q: QUESTION 1: When Burton Cummings graduated with honors from the Canadian Trucking Academy, his…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Determine the value of the maximum profit. O A. BD53,000 O B. BD52,500 O C. BD55,000 O D. BD48.000
A: Profit maximization refers to the level of sales at which profits are maximized.A typical firm's…
Q: TEXplor has purchased a 2-year lease on land adjacent to the land leased by Clampett. The land…
A: As per the honor code, we are allowed to attempt only first three sub-parts of the question. If you…
Q: 13 Aabir, a milk farmer, earns $300k per month in revenue. His monthly costs include Administrative…
A: In economics, the difference between accounting profit and economic profit if accounting profit does…
Q: 2. Which statement is true ATC + AVC = AFC %3D
A: To find : Which statement is correct.
Q: a. Compute total and marginal revenue to complete the following table. Quantity Demanded (units per…
A: * SOLUTION :- * V)
Q: 1) Consider a manufacturing firm that occupies two hectares of land. The firm produces 10 tons of…
A: A bid rent curve is a line or curve that depicts the relationship between the rent that economic…
Q: A young chef is considering opening his own sushi bat'. To do so,he would have to quit his cttt'rent…
A: Explicit costs are day-to-day business expenses that are recorded in the company's ledger and have a…
Q: 1. A 325,000 sf office building is 25% vacant. The remaining occupied sf generates $9,000,000 in…
A: Gross potential income (GPI) alludes to the absolute rental income a property can deliver if all…
Q: Consider the data below for the Price of a single family home based up its size in square feet, the…
A: i) Performs the analysis of regression analysis by using prices pricing data as independent variable…
Q: If the rent is $ 1,500; Tax rate 15%; Calculate the true rental cost Select one: a. 1500 b. 1375 c.…
A: Rent is the amount of regular payment that a tenant pays to the landlord to use its property.
Q: 3. The Caribbean airline is making reasonable profit and wants to expand its operation to include a…
A: Answer a) Variable cost refers to the cost of production that changes as output increases or…
Q: 18. Assuming that the apple farmer could earn $1, 000 as an employee elsewhere, then the tota…
A: Total Economic profit refers to total revenue minus explicit and implicit costs.
Q: 1. What is the economic breakeven level of production? p.Calculate the ice cream producer's monthly…
A: Economic breakeven is the point at which total cost and total revenue are equal, which means…
Q: 61. Productivity of land can be raised by A. O Extensive cultivation B. O Intensive cultivation C. O…
A: Increasing productivity of land is very essential for the better production of various crops in it.…
Q: Explain why economic rent is a surplus payment when viewed by the economy as a whole but a cost of…
A: The land is totally fixed incomplete supply. As populace extends and the demand for land incline,…
Q: 4. It was the initial legislated sharing agreement for share tenancy. * O A. 50-50 B. 60-40 O C.…
A: Agreement: It refers to a contract under which people set various rules and regulations between each…
Q: 4. What would be the price per unit if the firm in the figure below is producing the num of outputs…
A: Profit = Total Revenue - Total Cost
Q: Consult the table below, and answer the following questions: Schooling Salary $18500 $21000 $23000…
A: Given information; We have given the expected salary a person will get after completion of a given…
Q: 6. A company produces x units of product A and y units of product B (both in hundreds per month).…
A: We are given we can find partial derivative with respect to x
Q: 1. What will happen if farmers will be deprived of their rights and privilegesas tillers of the…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: QUESTION 8 Cash leases provide the landlord with steady income in the form of cash rent payments. O…
A: Cash lease provide the landlord with steady income in the form of cash rent payment. This statement…
Q: 5) If Hilltoo Turf Farm's total cost of producing acres of sod is TC = 0.202-1200 - 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 4. A firm in an office earns total annual revenue of $1,000,000. It values proximity to the city…
A:
Q: Consider a corn farmer with one acre of land. In addition to land, other factors include quantity of…
A: Note : In case of multiple questions , we answer only the first question . The answer to your…
Q: QUESTION 1: When Burton Cummings graduated with honors from the Canadian Trucking Academy, his…
A: In the mentioned question we are given some explicit costs and some implicit costs. Let's figure out…
Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC = 020 + 1200 + 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: -)2/3z1/3. The factor prices used to be wy = 4, wy = 2, ar e price of factor y doubled while the…
A: A competitive market is one in which several producers compete against one another in order to…
Q: Consider the graph below. What is the firm's profit? MC Y00 ArC 300 DEMR 200 15 20
A: The returns being earned by the business from conducting its operations after taking into…
Q: 9. For the cost function CIQ) = 100 - 20 - 302, the marginal cost of producing 2 units of outout is…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A bark pays interest quarterly with an EAR of 13% What is the periodic interest rate applicable per…
A: EAR is effective annual interest rate. It represents the true interest rate that a person owes on a…
Q: Recall a sharecropping agreement is where a farmer provides a percentage of their yield to a…
A: Given diagram VMP represents when farmers hires labor and there is no share cropping. a%*VMP…
Q: 9. For the cost function CIO) = 100 - 20 - 302, the marginal cost of producing 2 units of outout is…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Which of the following is a fixed cost for a chocolate factory over the course of a month?
A: Cost is defined as an expenditure which is required to produce or sell a product . Fixed Cost is…
Q: A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: gnider…
A: Economic cost is the sum of all losses of any products with a monetary value associated to them by…
Q: 18. Assume price is $10.The profit maximizing level of output for the firm is: GA where…
A: Under perfect competition, individual firms have no control over price. Therefore, the firm’s…
Q: Jaynet spends $30,000 per year on painting supplies and storage space. She recently re a job offer…
A: ANSWER STEP-1 Accounting profit and Economic profit may be calculated as follows:…
Q: Answer the attached question
A: The gross domestic product refers to the market value of the final commodities(goods and services)…
Step by step
Solved in 2 steps
- Continuing from Exercise 7.1, the films factory sits on land owned by the firm that it could rent for 30,000 per year. What was the films economic profit last year?Suppose the cost of machines increases to 55, while the cost of labor stays at 40. How would that affect the total cost of the three methods? Which method should the film choose now?When the rental rate for capital falls, the capital O A. quantity demanded of, decreases O B. supply of, increases OC. quantity demanded of, increases O D. demand for; increases O E. demand for; decreases
- A young chef is considering opening his own sushi bat'. To do so,he would have to quit his cttt'rent job,which pays $20,000 ayea1; and takeovet' a store building that he owns and cut'rently rents to his brother fol' $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity.\'Vhat at'e his explicit costs? a.$26,000 b.$66,000 c.$78,000 d.$52,000The idea of "economic rent" can be applied to resources other than land. What is economic rent? O The additional "pay" the owner of a resource can earn greater than its "supply price." It's when supply is greater than demand. |0|0|0 O It applies to apartment rent in large cities where rents are outrageous. OIt refers to ridiculously high taxes on entrepreneurs.7 Output for a simple production process is given by Q- KL, where K denotes capital and i denotes labor. The price of inbor is $10 per unit and the price of capital is $2 per unit. If at the current level of production the marginal product of labor is 8 while the marginai product of capital is 2, then in order to minimize your costs of production you should use Multipie Choice more capital and less labor the same ahount of both inputs more labor and less capital more of both inputs.
- 1. The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per year and pays $5000 for rent for its half-acre plant at 3 miles away from the CBD, where the train station is. i. What is the rent per acre for land at 2 miles away from CD? 6000 12000 O 8000 4000QUESTION 7 Under a share lease agreement, income is usually split between the tenant and landlord in the same proportion as expenses. O True O False QUESTION 8 Cash leases provide the landlord with steady income in the form of cash rent payments. O True O False QUESTION 9 Which of the following is not a type of lease agreement? O Non-variable share lease O Bushel lease O Variable cash lease Labor share leaseTo maximize profit, a firm OA. uses the quantity of land at which the rental rate equals the value of marginal product of land OB. uses the quantity of capital at which the suppliers' expected profit equals the value of marginal product of capital O c. uses the quantity of capital at which the marginal revenue equals the value of marginal product of capital O D. balances the rental rate of capital against the wage rate of labor 7 5 > 6 M & 7 O * 8 O Next C NS Co ho Miha NS. ythor ers [T Camp.
- The table below represents the combinations of beet and corn produced on å tract of lahd o given size and fertility Corn (bushels) Beef (kg) 10000 8000 900 6000 1200 4000 1400 2000 1475 1500 Which of the following combination represents unattainable production levels with the current tract of land? Select one: O a. 8000 bushels of corn and 500 kg of beef O b. 6000 bushels of corn and 1300 kg of beef O c. Both 8000 bushels of corn and 1200 kg of beef and 6000 bushels of corn and 1300 kg of beef d. 200 bushels of corn and 1475 kg of beef e. 8000 bushels of corn and 1200 kg of beefQUI The figure below depicts the production function of grain for farmers under average growing conditions with the currently available Noi technology. Mar 9007 PF 800- 700- 600- 500- 400- 300- 200어 100- o Slope 732,000/ 1,600 = 458 04 400 800 1200 1600 2000 2400 2800 Number of farmers Select one or more: In a year with exceptionally good weather conditions, the production function curve will be higher and parallel to the curve O a. above. O b. A discovery of new high yielding crop seeds would tilt the production function curve higher anti-clockwise, pivoted at the origin. O C. In a year of bad drought the production curve can turn downwards for large numbers of farmers. O d. If there is an upper-limit on the amount of grain that can be produced, then the curve will end up horizontal for large number of farmers. S Type here to search 25 hp t4 15 16 eSC 5 6. 7. 00 %24 3. . ........ Kilogrammes of grain produced (thousands)Marginal cost is the one more unit of a good and opportunity cost of producing increases as production O price that must be paid to consume; decreases as consumption O opportunity cost of producing: decreases as production O price that must be paid to consume; increases as consumption of the good increases.
