Microsoft Acccess 2013n
Cost… Show more Value of Water to Farmer ($/gallon/day) Va
Cost… Show more Value of Water to Farmer ($/gallon/day) Value of Water to Farmer ($/gallon/day) Value of Water to Farmer ($/gallon/day) 0.1 Aquifer Recharge Rate (gallons/day) Aquifer Recharge Rate (gallons/day) Aquifer Recharge Rate (gallons/day) 340,000 Cost of Operating one Well (per day) Cost of Operating one Well (per day) Cost of Operating one Well (per day) 600 Wells Operating Total Water Output per day (galllons) Total Revenue Total Cost Total Profit Average Revenue (per well) Average/Marginal Cost (per well) Average Profit Marginal Revenue (per well) Marginal Profit (per well) 10 100,000 $ 10,000.00 $ 6,000.00 $ 4,000.00 $ 1,000.00 $ 600.00 $ 400.00 $ 1,000.00 $ 400.00 20 200,000 $ 20,000.00 $ 12,000.00 $ 8,000.00 $ 1,000.00 $ 600.00 $ 400.00 $ 1,000.00 $ 400.00 30 280,000 $ 28,000.00 $ 18,000.00 $ 10,000.00 $ 933.33 $ 600.00 $ 333.33 $ 800.00 $ 200.00 40 340,000 $ 34,000.00 $ 24,000.00 $ 10,000.00 $ 850.00 $ 600.00 $ 250.00 $ 600.00 $ – 50 380,000 $ 38,000.00 $ 30,000.00 $ 8,000.00 $ 760.00 $ 600.00 $ 160.00 $ 400.00 $ (200.00) 60 400,000 $ 40,000.00 $ 36,000.00 $ 4,000.00 $ 666.67 $ 600.00 $ 66.67 $ 200.00 $ (400.00) 70 400,000 $ 40,000.00 $ 42,000.00 $ (2,000.00) $ 571.43 $ 600.00 $ (28.57) $ – $ (600.00) 80 380,000 $ 38,000.00 $ 48,000.00 $(10,000.00) $ 475.00 $ 600.00 $ (125.00) $ (200.00) $ (800.00) 90 340,000 $ 34,000.00 $ 54,000.00 $(20,000.00) $ 377.78 $ 600.00 $ (222.22) $ (400.00) $ (1,000.00) QUESTION Implementing a well permit fee of ______ pesos would increase the marginal cost of operating a well, and would achieve the economically efficient number of wells? • Show less
Ignore any answers so far. I’m not sure how to tell if somet
Ignore any answers so far. I’m not sure how to tell if something is highly elastic or n… Show more elasticity Ignore any answers so far. I’m not sure how to tell if something is highly elastic or not based on the decimals that I’m getting. Please explain where the line is drawn in each of the situations that makes a good inelastic or highly elastic. • Show less
Antonio’s utility function for the goods X and Y is For this
Antonio’s utility function for the goods X and Y is For this utility function, … Show more Antonio’s utility function for the goods X and Y is For this utility function, b. Suppose his monthly income is $1,800 and X and Y both cost $1 per unit. What is his best choice? c. Suppose the price of good X rises to $2 per unit. What is his new best choice? What is the total uncompensated change in X? What is the corresponding substitution effect? What is the corresponding income effect? What is his compensating variation for the price change? d. If you measured the change in consumer surplus from the price change in part (c) using Antonio’s uncompensated (i.e., ordinary) demand curve for good X, would you overstate, understate, or get exactly correct the compensating variation? • Show less
Suppose a consumer’s level of satisfaction is given by AB^2
Suppose a consumer’s level of satisfaction is given by AB^2 and he/she has a total of $10 to spend o… Show more Suppose a consumer’s level of satisfaction is given by AB^2 and he/she has a total of $10 to spend on goods A and B. If the price of A is $1 and the price of B is $2, and assuming you can only purchase whole units (not fractional) of A and B, how many units of A and B should he/she purchase? (Pls give some details of work) • Show less
Task 1: Explanation and Analysis The student will correctly
Task 1: Explanation and Analysis The student will correctly identify changes in market conditions an… Show more Task 1: Explanation and Analysis The student will correctly identify changes in market conditions and their effect on equilibrium price and quantity. In the market for dental services, perform the following for each event: • Graph the initial equilibrium using the myeconlab grapher software http://www.mathxl.com/info/grapher.aspx. Note: You do not need to change the numbers on each axis, but you do need to label each axis and each curve. Screenshot instructions: To paste the graphed image on a Word document, press and hold “ALT,” then press “PrtScrn” while viewing the graphed image. Select a point on the Word document to paste the graph. Press and hold “Crtl,” then press “V.” Answer the following questions. • Determine whether demand or supply changes, or both. • Determine whether the change is an increase or a decrease. • Show the change in demand and/or supply on the graph of the initial equilibrium. (You will have one graph for each event.) • Identify the result on the equilibrium price and quantity of dental services. • Show less
jim likes to go to church but he also likes to drink wine. u
jim likes to go to church but he also likes to drink wine. unfortunatly for jim the consumption of o… Show more jim likes to go to church but he also likes to drink wine. unfortunatly for jim the consumption of one of these goods reduces the enjoyment of the other. draw the indefference curvesthat displays jims preferences. • Show less
