SUBJECT: ECONOMICS

\f'Question 7 0 / 1 pts As the rm hires additional worker from 4 to 5 workers, how much did the total product increase? Question 10 L Q AP MP O 16 N H 56 36 52 40 216 -20 If L=1, what is Q?Question 4 0 / 1 pts 2019 2020 Product P Qd Qs P Qd Qs A 65 1,227 26,083 1,386 85 1,090 22,250 1,386 B 900 843 26,083 1,200 980 784 22,250 1,420 C 70 1,532 26,083 1,687 68 2,175 22,250 1,542 D 1,865 977 26,083 1,032 1,940 870 22,250 1,076 Given the price change from 2019 to 2020, solve for ECA. Round-off your final answer to two decimals.Question 5 0 / 1 pts Oak Creek company sold 55,500 units of Innity TV in 2019. The following year, the number of lninity TV sold dropped by 53 percent. The decline in sales can be attributed to a decline in their customers' income by P16,800 due to higher unemployment brought about by the pandemic. Assume on average their customers' income is P67,200 prior to the pandemic. What is the income elasticity of demand given this change in income? Round-off your nal answer to two decimals. 'Question 6 Howr much did the quantity of production increase if the rm is employing two workers? Question 13 0/1l3ts If there are 7 workers, what is the average product? Choosing Output in the Short Run gs @ Given a specic market price, should the firm continue producing or should it shut down? (9 If the rm would continue producing, what is the optimum quantity, Q*? @ What prot or loss will be realized at this Q*? Question 20 0 / 1 pts ABC Corp. is the main competitor of XYZ Corp. Like XYZ, ABC must pay P3750/week for the use of equipment. But ABC was able to hire workers paying them P3000/week. ABC's data is given in the table below: Output/week Labor O 0 30 1 90 2 130 3 155 4 172 5 185 6 How much is AC if ABC is producing 172 units of output? (Round-off your answers to two decimals. No special characters. Input only the value).Question 1 0 / 1 pts 2019 2020 Product P Qd Qs P Qd - Qs A 65 1,227 26,083 1,386 85 1,090 22,250 1,386 B 900 843 26,083 1,200 980 784 22,250 1,420 C 70 1,532 26,083 1,687 68 2,175 22,250 1,542 D 1,865 977 26,083 1,032 1,940 870 22,250 1,076 Between 2019 and 2020, solve for EBD. Round-off your final answer to two decimals.Choosing Output in the Short Run The Short-Run Profit of a Competitive Firm (Assume P = 40) Q FC VC TC MC AFC AVC AC TR MR PROFIT 0 50 0 50 50 50 100 2 50 78 128 50 98 148 4 50 112 162 50 130 180 6 50 150 200 50 175 225 8 50 204 254 9 50 242 292 10 50 300 350 11 50 385 435Question 9 0 / 1 Pts If there are 4 workers, what is the average product of each laborer? Question 2 0 / 1 pts 2015 2018 2018 2018 Commodity Price QD (in kg.) Price QD (in kg.) Beef 189.34 1.30 225.3 0.88 Cabbage 59.58 2.07 72.01 1.18 Carrots 68.34 0.80 79.86 0.70 Chayote 28.88 2.77 35.48 0.91 Chicken 137.50 14.51 152.29 13.16 Eggplant 43.28 3.48 56.02 2.75 Garlic 205.88 1.56 196.83 1.61 Mongo 87.07 0.80 85.76 0.81 Onion 69.53 2.75 96.1 2.06 Papaya 36.68 1.19 42.83 1.04 Pineapple 42.06 1.01 51.14 0.17 Pork 174.85 13.63 192.36 12.51 Rice Premium 45.87 98.46 48.89 96.12 Shrimp, Suaje 312.77 0.89 382.6 0.50 Tilapia 106.36 7.47 115.91 6.91 Tomato 44.3 3.57 50.68 3.21 The coefficient for price elasticity of demand for beef between 2015 and 2018 is ___. Round-off your final answer to two decimals.Question 3 0 / 1 pts 2019 2020 Product P Qd Qs P Qd Qs A 65 1,227 26,083 1,386 85 1,090 22,250 1,386 B 900 843 26,083 1,200 980 784 22,250 1,420 C 70 1,532 26,083 1,687 68 2,175 22,250 1,542 D 1,865 977 26,083 1,032 1,940 870 22,250 1,076 Between 2019 and 2020, solve for Es of product D. Round-off your final answer to two decimals