You are economic consultant for jack, who farms raw cotton in a perfectly competitive market. one day he gives you the following data at his present level of production: output = 2000 pounds, market price = $5.00, total cost =$8000, fixed cost=$2000, marginal cost=$5. the minimum of avc occurs at {1000 pounds at $2} and the minimum of atc at {1500 pounds at $3.5}. jack with the following questions based on the above figures: a. draw a graph for the raw cotton market and a graph for jack’s farm current situation that includes mc, atc, and avc, labeling all relevant points on axes with numerical values. is jack maximizing the profit (minimizing the loss)? why or why not? label the total profit/loss area.

b. suppose more farmers enter the raw cotton market until the market price is $3.00 per pound. on the same graphs, show the effect of this change in the market place. would you like to suggest jack leaving the market in the short run? explain your answer.

The new york stock exchange is an example of physical or individual

Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.