Q: QUESTION 16 Suppose that for a particular firm the only variable input into the production process…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: $ Total Cost 100 140 Quantity 160 190 4 240 300 370 450 550 Refer to the above information to answer…
A:
Q: (a) At a product price of $56 At a product price of $41 Will this firm produce in the short run? Yes…
A: "Since you have asked multiple parts, we will answer only the first part for you. If you have any…
Q: Firms have over their costs in the short run. Select one: O A. no control; fixed O B. no control;…
A: A fixed cost is a expense not increasing with an increase or decrease in the quantity of products or…
Q: 3. Determined whether each statement is true or false and provided an explanation. A. If a firm has…
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…
Q: If You are the owner and only employee of a company that writes computer software that is used by…
A: One of the key motives of forms operating in a market is profit. Profit is the difference between…
Q: Marginal cost is given by 20 + 10Q- 12Q2. Fixed cost is 100. What is the average cost? O A. 100 -3Q2…
A: Marginal cost means the cost incurred by the producer for producing an extra unit of commodity. and…
Q: Why do economists classify normal profits as costs? O A normal profit is the amount required to…
A: Profit is the difference between total revenue and total cost. Profit=TR-TC Normal profit is also…
Q: QUESTION 4 Marginal cost is the: O A. rate of change in total fixed cost that results from producing…
A: A company experiences two sorts of costs in the short-run. The first one is variable cost that…
Q: Question 30 Output Total Fixed Cost Total Variatle Cost 12 12 2. 12 12 14 12 21 12 31 44 12 6. How…
A: Total cost is the cost of all activities conducted to produce goods. It is the sum of variable cost…
Q: Ali is the managerial accountant in charge of Company A, which sells water bottles. He previously…
A: The formula for break-even quantity is as follows : Break-even quantity = Fixed cost / (Price -…
Q: Output TFC TVC TC MC ATC A 25 25 --- --- ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…
A:
Q: Implicit costs are: O a. Cost for the self-employed resources O b. All of these O c. Cost incurred…
A: Implicit costs can be defined as the costs which is the part of the production but do not come into…
Q: Marginal cost is given by 12 e5Q Fixed cost is 56. What is the total cost? O A. 24e0.5Q + 32 O B.…
A: MC=12e0.5QNow,TC=∫12e0.5QdQ=12∫e0.5QdQTC=12×e0.5Q0.5+FCTC=24e0.5Q+56
Q: If Mr. White decides to open his sporting goods store, what is the opportunity cost of this…
A: If Mr. White opens a sporting goods store in the building then he is using the place for himself…
Q: a. What would be the new values in the table? Instructions: Enter your answers as a whole number.…
A: Marginal Product = TPn - TPn-1 Total Revenue = Price × Quantity
Q: Required a. How much is the fixed cost to produce the natural-organic oil? b. How many barrels of…
A: The fixed cost does not change with change in the level of output. The variable cost changes with…
Q: Assume that a firm can produce product X,Y, or Z with the resources it currently employs. These…
A: Firms operating in a market incur fixed costs and variable costs. Fixed costs refer to the type of…
Q: Question 20 If economic profits are negative O a. Accounting profits exceed opportunity cost O b.…
A: If economic profits are negative then the Accounting profits are below opportunity cost. Hence…
Q: 12) Hector's mill produces flour. His short-run total cost function is C(y) = 200+800y, where y is…
A: Profit maximisation is the ultimate goal of every private firm operating in the market.
Q: QUESTION 19 Marginal cost is the: O B. change in total cost that results from producing one more…
A: Marginal cost is the change in total cost that results from producing one more unit of output.…
Q: hey i was doing my homework and i couldnt figure out this one. please help
A: The average total cost is equated at an equal average fixed cost in addition to the average variable…
Q: Following is the information available for Bubble Gums produced by Bano and Co. Output (Q) Labor…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3.Please resubmit the question…
Q: The short run is a period of time in which: OC. Prices and wages O A. The quantities of some…
A: Input resources are those resources that are used in the production process to produce the output.
Q: QUESTION 10 DeShawn's Detailing is a service that details cars at the customers' homes or places of…
A: DeShawn's Detailing is a service that details cars at the customers' homes or places of work.…
Q: a. What is optimization? How does it blow up the myth about profit being a result of a mere…
A: For achievement of the “best” design that is being relative to a set of constraints or criteria that…
Q: QUESTION 18 Suppose the short-run production function is q= 2LO5. If the marginal cost of producing…
A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…
Q: Refer to Table 1-1. Using marginal analysis, how many hours should Eva extend her bakery's hours of…
A: Hours of operation depend on profit-maximizing situation. here we calculate the given by following…
Q: are likely a fixed cost of a firm. O a. The payments for supplies O b. Travel expenses to meet with…
A: Costs which are fixed in short run is called fixed cost.
Q: he law of diminishing returns indicates that C A. the demand for goods O B. because of economies and…
A: The production function exhibits the relationship between inputs and output. Inputs are broadly…
Q: Situation 21-1 Diane's Donuts will begin selling donuts next week. Diane figures that the average…
A: Total Cost = Total Variable Cost + Total Fixed Cost Total Variable Cost = Average Variable Cost x…
Q: 1. Why do marginal costs tend to rise, and marginal benefits tend to fall? Explain.
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Question 7 When a firm produces 100 units of output, the firm's marginal cost is $10, average…
A: Average Total Cost (ATC): - it is the average value of total cost by producing a specific unites of…
Q: Which of the following statements is false? Manufacturing Overhead Costs are: Select one: O a None…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Table 1A: Costs and Total Production for a Competitive Firm Total Total Total Total Marginal Average…
A: Total cost is the sum of Fixed and variable cost. Marginal cost refers to change in total cost or…
Q: Suppose Jackie runs an apple farm. Jackie has one fixed factor of production. Suppose that Jackie's…
A: In a typical short-run average cost curve, the shape is U-shaped with the minimum value of the cost…
Q: At a current level of production of 10,000 per day in its Garner plant, the marginal cost of…
A: According to the question, it is given that : Output per day is 10,000 Marginal Cost is 50 cents…
Q: The short run is a time period in which: Select one: O A. the level of output is fixed. O B. some…
A: Answer to the question is as follows :
Q: If a firm will produce an additional unit of good or services, determine what will happen to their…
A: The total cost of production equals the sum of the fixed cost and the variable cost. The fixed cost…
Q: QUESTION 18 The law of diminishing returns indicates that O D. beyond some point, the extra utility…
A: Marginal utility refers to extra benefits that are gained bythe consumer from consuming a particular…
Q: For LG Company, the total cost of producing 200 refrigerators is R.O 48,000. When the company…
A: Marginal cost is the cost that is incurred when additional output is produced. MCn=TCn-Tcn-1 Total…
Q: 1. If the marginal product of an input is falling, then what must be true? Average fixed costs must…
A: Marginal product means the extra output generared by adding a unit of input.
Q: QUESTI ON 16 Suppose that for a particular firm the only variable input into the production process…
A: Disclaimer :- as you posted multiple questions we are supposed to solve the first one only as per…
Q: Maryam could work for another firm making $10,000 per month, but she decides to open her book store…
A: Economic profit or loss is the difference between the revenue received from the sale of an output…
Q: QUESTION 2 The average total cost to produce 100 cookies is S0.35 per cookie. The marginal cost is…
A: ATC(average total cost) is the ratio of TC(total cost) and quantity. ATC=TC/Q MC(marginal cost) is…
Q: Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC TVC TC…
A: Average Variable Cost (AVC) is Total Variable Cost (TVC) per unit of output.
Q: Units Produced Total Revenue Total Costs 0 0 200 1 600 660 2 780 720 3 840 780 4 890…
A: Monopolistic competitive market is a market structure in which there are large number of sellers…
Q: MC ATC AVC MR2 MR, %3D 30 40 50 60 Quantity Refer to Figure 6.1. Given MR2, what is total revenue if…
A: The formula is: Total revenue=Q*P Q=60 units
Q: QUESTION Other things equal, if the fixed costs of a firm were to increase by $100,000 per year,…
A: Fixed cost is a cost which remain fixed or unchanged at all the level of output. Fixed cost is…
Q: A normal profit for a self-employed entrepreneur is 1. an opportunity cost. II. part of the implicit…
A: Normal Profit = Total revenue – Total Cost ( implicit cost + explicit cost)
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- Which is NOT a quantifiable measurement (business metric)? Easy to calculate Repeatable Controllable ProgrammableGeorge Kyparisis makes bowling bals in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Cost Per Input Unit Now Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) 1,000 1,000 280 255 $10 per hour $6 per pound 1% per month $0.50 per BTU 48 43 9,000 10,000 3,000 2,850 The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).Difference between nominal scale and ordinal scale
- please help with the excel calculation its been my 6 th attmpt but i am not able to find the same answers which is been given by experts when i calculate it on excel. kindly help herePlease answer correct calculation asap plz Don't answer by pen paperLabour (Units) Total Product (TPP) (MPP)0 01 1002 2503 3504 4005 4206 420Calculate the average product and marginal product Plot the average product and marginal product curves and explain the relationship between the two.
- Year (Base year) Q.3.2.1 2018 2019 2020 Cost of a basket (R) of consumer goods/services 1850 2190 2380 2021 Use the information in Table 3-2 to measure the consumer price index for 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places. 2560Please answer correct calculation Don't answer by pen paper plzHow do I plot thw points on the graph, im a little confused with the graph that is drawn for this question Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
