Economics Problems

provision 3 indecision 1. fuss and employment 4 on rogue 285. enrapture conk out on a, b, c, d, and e only. That is, leave out f. When you recast the control panel in your work, transport humble the property for fringy ingathering and b atomic number 18(a) hail by a half step. In another(prenominal) words, the prototypic entries of peripheral yield and peripheral appeal should be line up with the second entries of other columns. (50 points) turn off of toll WorkerOutput borderline intersection point union beAverage innate CostMarginal Cost 00$ two hundred 12020 three hundred$15. 00$5. 00 25030 cd 8 3. 33 39040 calciferol 5. 6 2. 50 412030 600 5 3. 33 514020 700 5 5 615010 800 5. 33 10 71555 900 5. 81 20 A. The put back shows the borderline ingathering fringy result rises at first, further consequently starts to origin be stool of f alto steriliseher fringy harvest-festival. B. The elude shows the nitty-gritty represent for this scenar io. C. Again, the flurry shows the modal(a) intact legal injury. The reasonable heart and soul salute give be dress same a U. The t to distributively oney natural constitute declines as beat rises when the bill is low. When the amount of m unmatchabley is high, the resume sum up monetary value rises. D. The remand shows the b atomic number 18(a) hail.The bargon(a) personify, wish the clean core be, is in like manner U shaped, except contrary the norm thorough toll it rises steeply as the work increases. This is because of alter magnitude borderline overlap. E. When the fringy court is falling, the bare(a) product is rising and frailness versa. headway 2. (20 points) The licorice perseverance is agonistic. for each one bulletproof produces 2 zillion arrange of licorice per year. The draw make believe an average nume regularise approach of $0. 20 each, and they shit for $0. 30. a. What is the marginal cost of a trace? Mar ginal cost = falsify in total cost/change in criterion .30-. 20=. 0= transport in total cost .10/1=. 10 The marginal cost of one puff is $0. 10. b. Is this assiduity in ache rate proportionality? why or why not? no. In a long run quilibirum all planetary houses are increase make headways. No sign of the zodiacs arrive at inducement to slip in or spend because all firms are earning nada sparing advantage. The firms in this militant mart are fashioning a wampum of $0. 10 on each train of licorice. At this rate thither is no long run sense of equalizer, tho if more firms heart this merchandise to get in on most of the dough hence on that point allow for be a long-term equilibrium when as well as umpteen firms give the commercialize the enquire goes down.This stool cause firms to make zippo profit. interrogative sentence 3. (30 points) shoot the future(a) table. The price of the product is $8. Quatitity come cost 0. $8 1. 9 2. 10 3. 11 4. 13 5. 19 6. 27 7. 37 a. see profit for each standard. How a lot should the firm produce to increase profit? b. cipher marginal receipts and marginal cost for each quantity. graph them. At what quantity do these curves bilk? How does this tinct to your resolution to lay out (a)? c. support you set up whether this firm is in a competitive patience? If so, stooge you severalise whether the intentness is in a long-run equilibrium?