Econ 528 homework 2 - Study guides, Class notes & Summaries

ECON 528 HOMEWORK 2

ECON 528 HOMEWORK 2 ECON 528 HOMEWORK 2 Quantity of Fixed Cost Variable Cost Total Cost Average Total Cost Lanterns (dollars) (dollars) (dollars) (dollars) 75 200 170 370 4.93 80 200 230 430 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 1464 12.5 120 200 1480 Quantity of Lanterns Fixed Cost (dollars) Variable Cost (dollars) Total Cost (dollars) Average Tot...

Quantity of La Fixed Cost Variable Cost Total Cost Average Total Cost Quantity of Lanterns Fixed Cost (dollars) Variable Cost (dollars) Total Cost (dollars) Average Total Cost (dollars) 75 200 170 370 4.93 80 200 230 430 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 1464 12.5 120 200 1480 Quantity of La Fixed Cost Variable Cost ...

University of Louisiana, Lafayette - ECON 528 Module 6 Homework Assignment Started on Monday, 1 October 2018, 1:55 PM State Finished Completed on Monday, 1 October 2018, 10:27 PM Time taken 8 hours 32 mins Marks 15.70/20.00 G rade 7.85 out of 10.00 (79%) Question 1 Correct Mark 1.00 out of 1.00 Which of the following is a characteristic shared by a perfectly competitive firm and a monopoly? Select one: a. Each must lower its price to sell more output. b. Each maximizes profits by producing a qu...

University of Louisiana, Lafayette - ECON 528 Module 2 Homework Assignment Started on Monday, 3 September 2018, 3:31 PM State Finished Completed on Monday, 3 September 2018, 8:27 PM Time taken 4 hours 56 mins Marks 19.20/20.00 Grade 9.60 out of 10.00 (96%) Question 1 Correct Mark 1.00 out of 1.00 Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 perc...

University of Louisiana, Lafayette - ECON 528 Module 5 Homework Assignment Started on Sunday, 23 September 2018, 5:59 PM State Finished Completed on Monday, 24 September 2018, 10:06 PM Time taken 1 day 4 hours Marks 21.00/25.0 0 Grade 8.40 out of 10.00 (84%) ECON528-850-ECON528-010- Question 1 Correct Mark 1.00 out of 1.00 Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. Refer to Figure 4-5. What is the value of cons...

University of Louisiana, Lafayette - ECON 528 Module 3 Homework Assignment Started on Monday, 10 September 2018, 5:20 PM State Finished Completed on Monday, 10 September 2018, 5:31 PM Time taken 10 mins 51 secs Marks 20.00/20. 00 Grade 10.00 out of 10.00 (100%) Question 1 Correct Mark 1.00 out of 1.00 If an increase in income leads to a decrease in the demand for popcorn, then popcorn is Select one: a. a normal good. b. an inferior good. c. a necessity. d. a neutral good. Your answer is correct...

University of Louisiana, Lafayette - ECON 528 Module 4 Homework Assignment Started on Monday, 17 September 2018, 10:14 PM State Finished Completed on Monday, 17 September 2018, 10:21 PM Time taken 6 mins 53 secs Marks 15.00/20 .00 Grade 7.50 out of 10.00 (75%) Question 1 Correct Mark 1.00 out of 1.00 Economies of scale exist as a firm increases its size in the long run because of all of the following except Select one: a. as a firm expands its production, its profit margin per-unit of output in...

ECON 528 HOMEWORK 2

ECON 528 HOMEWORK 2 ECON 528 HOMEWORK 2 Quantity of Fixed Cost Variable Cost Total Cost Average Total Cost Lanterns (dollars) (dollars) (dollars) (dollars) 75 200 170 370 4.93 80 200 230 430 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 1464 12.5 120 200 1480 Quantity of Lanterns Fixed Cost (dollars) Variable Cost (dollars) Total Cost (dollars) Average Tot...