If marginal benefits are given by MB = 5 − x and marginal costs are given by MC = 10, then net benefits are maximized where x = 0. (a) True (b) False
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2. If marginal benefits are given by MB = 5 − x and marginal costs are given by MC = 10,
then net benefits are maximized where x = 0.
(a) True
(b) False
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- ● ● The marginal benefit to Lesley of staycations during the year at a hotel are given by the ollowing schedule: Number of Weekend Staycations 1 2 3 4 5 Marginal Benefit $550 $460 $390 $250 $200 $150 If the marginal cost of a staycation at the hotel is constant and equal to $360, how many weekends at the hotel is Lesley likely to enjoy? If Lesley stays for 5 weekends, what is the net benefit/(cost)?1. The total cost consequences of applying insulation to a pipe are cost = 32 t + 2/t where t is insulation thickness. Compute the value of t that minimizes cost.Please answer and show solution. Thank you!
- Use the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5AMC = 20 + 3A The fifth unit of activity Awill increase net benefits by 75. reduce net benefits by 35. decrease net benefits by 40. increase net benefits by 40. reduce net benefits by 75.c) At 700 units of the activity, marginal benefit is $__________ and marginal cost is $__________. d) Subtracting the 700th unit of the activity causes net benefit to __________ (increase, decrease) by $__________.3. A local contractor is considering the production of the fireworks. The variable cost per unit is $30. The fixed cost is $9,000. The price per unit is determined by equation p = 230-4D where D is the demand. (a) What is the optimum number of unit produced? (b) What is the profit if the optimum number of unit made?
- Please answer and show complete solution. Thank you!!Complete the following table and answer the accompanying questions. Control Variable Q Total Benefits B(Q) Total Cost C(Q) Net Benefits Benefits N(Q) Marginal Benefit MB(Q) Marginal Cost MC(Q) Marginal Net Benefit MNB(Q) 100 1,200 950 210 60 101 1,400 70 102 1,590 80 103 1,770 90 104 1,940 100 105 2,100 110 106 2,250 120 107 2,390 130 108 2,520 140 109 2,640 150 110 2,750 160 a. At what level of the control variable are net benefits maximized? b. What is the relation between marginal benefit and marginal cost at this level of the variable? multiple choice Marginal cost is much smaller than marginal benefit. Marginal cost is slightly larger than marginal benefit. Marginal cost is slightly smaller than marginal benefit. Marginal cost is much larger than marginal benefitQuestion 1. Suppose it costs XYZ Airline 120,000 dollars to fly its 500 - seater A380 passenger plane from Dubai to London. The flight service does not include drinks/meal. The passengers pay for food and drinks separately on demand. (a): What is the average cost of a Dubai – London seat on this plane? (b): Currently XYZ airline charges 550 dollars for a Dubai-London ticket (economy) on this plane. Suppose 10 economy seats are left unsold when the plane is starting to board the passengers. A standby passenger offers to pay 250 dollars for a seat. Should the airline sell the ticket to this passenger at 250$? Yes or No? Briefly explain your reaso
- Q)1.The benefit-cost ratio of a project represents its time-valued benefit per unit investment (first cost) Select one: True FalseCan you help me with these additional questions and can you show all the steps, please? (A) How many students does Aaryan need to tutor to break even? (B) Aaryan is given some market research about home tuition. In particular, the demand curve as a function of price is Qd(P)=475/P. Will Aaryan’s business be profitable if the lesson fee of $45 is charged, as planned? Explain your answer. (C) Aaryan wants at least $15 per week in profit from this business. Can he adjust the price to be able to do this assuming the market research is correct?(a) Explain Implicit and Explicit cost with the help of suitable example?(b) Some producers do not stop their production when they face loss in their production. Why? (c) What is the importance of stages of production?