Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
1. Suppose the equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. As a result, the government is able to raise $740 per month in tax revenue. We can conclude that the equilibrium of widgets has fallen by how much?
John is considering starting a t-shirt company. To do so would require the purchase of a machine to imprint the t-shirts. Cost = $50,000 with no resale value. A corporate "friend" has promised John a one-year contract for 20,000 shorts, if his price is "right". The marginal cost of producing a t-shirt is $1.50.
a. What is the lowest price John can offer for this contract?
b. At the end of the one-year contract, what will his "friend" offer John as the price for an extension of the deal?
2. Now, assume that John (from the question above) left a job at which he made $65,000 per year. To pay for the machine, John borrowed $40,000 from the bank at an interest rate of 7%. The balance of the purchase price ($10,000) came from John's personal savings account, where it has been earning 3%. If he charged $5.00 per shirt for the first year's contract, what was his accounting profit? What was his economic profit?
3. Marginal Analysis
Number of workers Total cost
0 50
1 110
2 160
3 200
4 240
5 250
6 260
7 280
8 310
9 350
10 400
If hiring the 7th worker increases total product by 5 units and the price of each unit is $2, should he/she be hired? Why or why not?
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Top Academic TutorI am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics. |
$31 | Chat With Writer |
ONLINE |
Phd WriterI am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics. |
$34 | Chat With Writer |
ONLINE |
Quick N QualityI am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles. |
$42 | Chat With Writer |
ONLINE |
Quality Homework HelperI am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You |
$18 | Chat With Writer |
ONLINE |
A+GRADE HELPERAs an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients. |
$49 | Chat With Writer |
ONLINE |
Chartered AccountantThis project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices. |
$35 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.