Antje currently produces fish and fruit at point A in the graph. Use the graph to complete the following sentence. Antje's marginal cost of producing an additional unit of fish is A. 40 units of fruit B. 5/40 units of fruit OC. 40/5 units of fruit O D. 6 units of fruit 60- 0- Fruit (units) 40 0 Fish (units) >>> Click on the graph 8 PPF 10 12 work out the answer.

Antje currently produces fish and fruit at point A in the graph. Use the graph to complete the following sentence. Antje's marginal cost of producing an additional unit of fish is A. 40 units of fruit B. 5/40 units of fruit OC. 40/5 units of fruit O D. 6 units of fruit 60- 0- Fruit (units) 40 0 Fish (units) >>> Click on the graph 8 PPF 10 12 work out the answer.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3PA

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Please explain how you decide what level of outputs you produce given a fixed level of an input. Show this on a graph.
Numbers and Graphs: Chapter 01 MARGINAL COST, MARGINAL BENEFIT ($ per hour of reading per w 10 5 A 2 0 5 10 15 20 25 30 35 READING (Hours per week) 40 MC MB 45 50 Now assume that the marginal costs of reading have decreased. MC + Initial Efficient Point New Efficient Point A On the graph, shift the marginal-cost curve (an orange line) to reflect the change in the marginal costs of reading. Then use the gray point (a star symbol) to plot the new efficient point after the shift in the marginal-cost curve. Finally, use the tan area (rectangle symbols) to shade the area representing the change in net benefits associated with this decrease in the marginal cost of reading. After the decrease in the marginal cost of reading, the new efficient level of reading is benefits associated with the efficient level of reading have than it was previously. Furthermore, the net Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer…
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Homework (Ch 13) Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost (Pairs) (Dollars) (Dollars) (Dollars) 0 78°F Sunny 1 2 3 4 5 6 60 155 220 255 300 350 450 2 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $155, so you should start your ATC curve by placing a green point at (1, 155). For MC, plot the points between the integers: For example, the MC of increasing production from zero to one pair of boots is $95, so you should…
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Confused and don’t know how to figure out the answers for the graphs