Survey of Carrers

My 3 digit code is. RIA

A possibale thing is model maker.
A model maker is a professional craftsperson who creates a 3 dimensional representation of a design or concept.

this might be ok but im gonna still go after the game world just because im good with #'s

1) What is unique about an equilibrium price?
an equalibrium price is where the lines cross an sometimes isn't isnt a point on the lines
2) What situation can lead to excess demand?
when the price is low and supply is low also
3) How is a price floor different than a price ceiling?
the price floor is where the least amount to charge to make a profit the price celing is how muchto charge before people stop buying
4) What are the benefits and drawbacks of rent control?
gives families housingf they could otherwises not afford. the supply would run out
5) Explain how the equillibrium price and quantity sold of eggs will change in the following cases:

a) An outbreak of food poisoning is linked to eggs.
it will change down because people will think their eggs are contaminated
b) Scientists breed a new kind of chicken that lays twice the amount of eggs in a week
the quanity would increase and price a bit
c) UFC heavyweight champ Brock Lesnar endorses eggs as a great source of protein and attributes his success to eating lots of eggs.
people that know this guy would buy twice as many eggs to become like this guy

New Graphs

Costs of production

1) How does marginal product of labor change as more workers are hired?
Each worker brings a production out put untill it gets too crowed

2) What is the impact of diminishing marginal returns on labor?


3) Give an Example of a fixed cost and a variable cost at a Bakery.
A fixed cost is like pop. a varibal cost like brear can be changed by the scaricty

4) How does a firm calculate marginal cost?
how much each worker puts out and how much they get paid

5) A Firm has two factories, one is 10,000 sq. ft and the other is 20,000 sq. ft. As the number of workers increases, which factory do you think will experience diminishing marginal returns first? Why? the 10,000 sq ft would run out of space first then the 2nd


6) Explain whether each of these expenses of a clothing or textile mill is a fixed. cost or a variable cost and why. a) Repairs to leaking roof-Variable cost/ texiall
b) cotton-Expence of a clothing fixed
c) food for the mill's cafeteria-fixed cost/ textile
d) night security guard- varibal cost/textial
e) electricity- Fixed/textial

7) You own a small chair factory. Your production information is in the table below:
a) What is the total cost when the output is 2?
5+27=$32
b) What is the marginal cost of the third unit?
55+5=60
c) How much would you produce if the market price is $24?