ECON 212 Lecture Notes - Lecture 2: Beak, Irin, Axa

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sangriaporcupine408

17 Nov 2018

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Problem propus : se consider popula ia statistic format din totalitatea angaja ilor unei societ i comerciale. Aceasta a fost observat n func ie de mai multe variabile: Este utilizat pentru reprezentarea seriilor atributive care au la baz o variabil continu . Ntr-un sistem de axe rectangulare se va trece pe axa ox intervalele de varia ie ale variabilei, iar pe axa oy valorile indicatorului (frecven ele absolute simple). Histograma este format din dreptunghiuri care au baza situat pe axa ox i egal cu intervalele de varia ie ale variabilei, respectiv n l imea dreptunghiului e propor ional cu m rimea indicatorului reprezentat n intervalul respectiv. N cazul nostru doar seria x este continua. Intepretare: se poate observa c cei mai mul i angaja i au salariul de ncadrare cuprins ntre. 100 i 150 euro: poligonul frecven elor (sau linia poligonal )

Related Questions

I have done the charts can any one help me with the questions below.
c. Determine the profit maximizing level of output. Explain how you arrived at that conclusion.
d. What is the total profit at the profit maximizing level of output? How does that compare to profit at other levels of output?
e. What is the lowest price that Winsome Widgets will accept and continue to produce in the short run? Explain.
f. Is Winsome Widgets in long-run equilibrium? Explain

Consider the following table of costs for the Winsome Widget Factory, which operates in a perfectly competitive market. The market price faced by this firm is $6.00 per widget.
0
10
20
30
40
50
60
70
80
90
100

Total Fixed Cost
100
100
100
100
100
100
100
100
100
100
100

Total Variable Cost
0
50
80
100
140
200
275
375
500
650
900

Total Cost
$100
150
180
200
240
300
375
475
600
750
1,000
Average Fixed Cost
n/a
10
5
3.33
2.5
2
1.67
1.43
1.25
1.11
1

Average Variable Cost
n/a
5
4
3.33
3.5
4
4.58
5.36
6.25
7.22
9

Average Total Cost
n/a
5
4
3.33
3.5
4
4.58
5.36
6.25
7.22
9

Marginal Cost
n/a
50
30
20
40
60
75
100
125
150
250

Total Revenue
0
60
120
180
240
300
360
420
480
540
600

Marginal Revenue
n/a
60
60
60
60
60
60
60
60
60
60

Total Profit
-100
-90
-60
-20
0
0
-15
-55
-120
-210
-400

T Fixed Cost
100
100
100
100
100
100
100
100
100
100
100

Variable cost
50
80
100
140
200
275
375
500
650
900

AFC
n/a
10
5
3.33
2.5
2
1.67
1.43
1.25
1.11
1

AVC
n/a
5
4
3.33
3.5
4
4.58
5.36
6.25
7.22
9

AVC
n/a
5
4
3.33
3.5
4
4.58
5.36
6.25
7.22
9

MC
n/a
50
30
20
40
60
75
100
125
150
250

TR
0
60
120
180
240
300
360
420
480
540
600

MR
n/a
60
60
60
60
60
60
60
60
60
60

TP
-100
-90
-60
-20
0
0
-15
-55
-120
-210
-400
c. Determine the profit maximizing level of output. Explain how you arrived at that conclusion.
d. What is the total profit at the profit maximizing level of output? How does that compare to profit at other levels of output?
e. What is the lowest price that Winsome Widgets will accept and continue to produce in the short run? Explain.
f. Is Winsome Widgets in long-run equilibrium? Explain

salmonfrog827

PROBLEM SET ONE -2 - PRICE-ELASTICITY OF DEMAND

	P₁	P₂	Q_D1	Q_D2	I	II	III	IV	V
1	1	2	10	5
2	5	3	40	90
3	12	20	200	200
4	3	2	9	9
5	0.40	1.40	30	15
6	1.2	4.0	20	15
7	7.5	4.6	40	30
8	5	5.000â¦01	1x10⁶	0
9	5	4.9999â¦.	10	1x10⁹
10	6	12	12	6
11	18	36	360	180
12	7	15	24	16
13	7	16	78	78
14	25	65	150	100
15	65	91	1300	780
16	4	5	21	11
17	8	4	30	54
18	140	275	625	495
19	78	91	780	780
20	91	78	780	780

Column I - determine the Price-Elasticity of Demand Coefficient. Find material in Chapter 6 and the Powerpoint of Elasticity Chap 004 19e.ppt

change in quantity demanded change in price

E_D = ---------------------------------------- â ----------------------------

sum of quantities demanded / 2 sum of prices / 2

The data in the first four columns represent price (P) and quantity demanded (Qd) in time 1 (before change in price) and time 2 (after change in price). Note that results should be expressed in absolute terms (see paragraph Elimination of Minus Sign). For example, -1 should be expressed as â1â.

Column II â Based on topic concerning Interpretations of E_D, indicate which applies based on how the quantity demanded changed subsequent to a change in price (elastic, inelastic, etc.)

Column III - you need to determine if the good in question would be considered a necessity, a luxury or neither.

Column IV â Indicate, in monetary terms, how much is the change in total revenue or total expenditure (TR = P X Q_D), from the first price level to the second.

Column V - the direction of the change, also in monetary terms, that is, increasing or decreasing, and by how much? (show a + sign for increasing and a â sign for decreasing).

Note: for any monetary result please include the applicable currency symbol ($, â¬, etc.)

salmoneagle868

ECON 212 Lecture Notes - Lecture 2: Beak, Irin, Axa

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