Questions asked
Does your systolic and/or diastolic arterial pressure change as your heart rate increases?
Nick Johnson
Numerade educator
Are methanotrophs considered lithotrophs?
Bryan Valdivia
Which molecule(s) are in their more reduced form in the following equation: C6H12O6 + 6O2 --> 6CO2 + 6H2O? Select all that apply. C6H12O6 6O2 6CO2 6H2O
Suppose we are examining a price-taking firm in the short run: a. what is the price taking firm's optimal output rule? b. draw a graph in which this firm is making positive profits. label profits. c. draw another graph in which this firm is making negative profits. label profits. d. what does the break-even point mean? e. what does the shutdown point mean?
Anna's Apple Pie is a roadside business. Anna must pay $9.00 in rent each day. In addition, it costs her $1.00 to produce the first pie of the day, & each subsequent pie costs 50% more to produce than the one before. For example, the second pie costs $1.00 * 1.5 = $1.50 to produce, and so on. a. calculate Anna's marginal cost, variable cost, average total cost, average variable cost, and average fixed cost as her daily pie output rises from 0 to 6. (Hint: the variable cost of two pies is just the marginal cost of the first, plus the marginal cost of the second pie, and so on.) list them in a table. b. indicate the range of pies for which the average total cost is falling and when the average total cost is rising (the change is the result of diminishing returns) c. what is Anna's output level at the minimum average total cost curve? (call the number of pies at this point the minimum-cost output) Explain why making one more pie lowers Anna's average total cost when output is lower than the minimum-cost output. Similarly, explain why making one more pie raises Anna's average total cost when output is greater than the minimum-cost output.
Complete the following table: output: 0, 1, 2, 3, 4, 5, 6 TC: ?, ?, ?, ?, 105, ?, ? VC: ?, ?, ?, ?, ?, 110, ? FC: ?, ?, ?, ?, ?, ?, ? MC: ?, 5, ?, ?, ?, ?, 50 ATC: ?, ?, 30, ?, ?, ?, ? AVC: ?, ?, ?, 13, ?, ?, ? AFC: ?, ?, ?, ?, 10, ?, ?
Complete the following table: Quantity of variable input: 0, 1, 2, 3, 4, 5, 6 Total output: 0, ?, ?, 90, ?, ?, 96 Marginal Product of Variable Input: -, ?, 30, ?, ?, 4, ? Average Product of Variable Input: -, 50, ?, ?, 24, ?, ? a. graph the average product and marginal product curves. be sure to label carefully. b. describe the intersection point of the two curves. does it make sense?
Oluwadamilola Ameobi
A bakery operating in the short run has found that when the level of employment in its baking room was increased from 4 to 10, in increments of 1, the corresponding levels of bread production were: Labor: 4, 5, 6, 7, 8, 9, 10 Output: 110, 115, 122, 127, 130, 132, 133 Marginal Product of Labor (MPl): ?, ?, ?, ?, ?, ?, ? a. calculate the marginal product of labor and fill in table. b. explain whether this production function exhibits diminishing marginal productivity of labor.
Crystal Wang
Suppose the market for protective eye-wear consists of three people: Garry, Lurly, and No. The demand curves for each person are as follows: Garry: P=10-Q Lurly: P= 10-5Q No: Q=6-1/2P a. graph the demand curves. b. use horizontal summation to generate the market demand curve. show on a new graph. c. what is the equation for the market demand curve?
Briefly list & describe the axioms (assumptions) that we place on preferences. Graph an example of an indifference curve.