Q: Which of the following functions exhibit a diminishing MRTS? A. X = min(3K, 4L) B. X = (15K^½)L^½ C.…
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Q: 24) Which of the following statements concerning MRP systems is FALSE? a) MRP is a computer-based…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Decreases in the value of property with the passage of time is mainly due to a. deterioration of…
A: Decreases in the value of the property with time are mainly due to the deterioration of parts.…
Q: The following is a Cobb-Douglas production function: Q = 1.75K0.6L0.5. What is correct here? *…
A: Since the sum of coefficient of L and K is higher than 1 (= 0.5 + 0.6 = 1.1), there are increasing…
Q: Question 12 What will be the effect of a technology that cuts the production process by 25% on its…
A: (12). In this question, technology reduces the production process by 25% on its output, assuming all…
Q: . As output increases MC curve initially falls and then rises
A: To find : What happens when output increases.
Q: Discuss how the concepts of price elasticity of demand and production costs can help firms set their…
A: price elasticity of demand is proportionate change in the demand of commodity/ service due to…
Q: When long-run AC is falling, it is tangent to short-run AC curve: of the
A: # when a firm decides how to production must proceed in the long run it always emphasis on the long…
Q: Short run is best characterized by a One imput and two outputs as illustrated in the class notes b.…
A: From the given information, it's impossible to say anything about the number of outputs. Also,…
Q: The following three kinds of technological change intue OA larger K. improved inputs, and new…
A: In long run, the technology will brings changes to production process, along with efficiency of…
Q: 1. Analyze a business owner’s decision making regarding whether to enter a market. For example, what…
A: In economics, there are 4 types of market structures that can be considered in simulation, among…
Q: 4. Explain fully the concept of a BREAK EVEN ANALYSIS.
A: A break-even analysis is an analysis to determine the point at which revenue received equals the…
Q: Perform these same calculations for 2018 and 2019, and enter the results in the following table.…
A: In an economy, the CSPI is calculated by dividing the current year's cost of basket to the cost of…
Q: The stack data derives its name from the fact that it resembles a stack of real-world items. Name…
A: Stack may be a linear arrangement which follows a specific order within which the operations are…
Q: Graph AFC, AVC, ATC, and MC. Explain the derivation and shape of each of these four curves and their…
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Q: As we move from point A to point D
A: Opportunity cost is the sacrifice of one good of which production is required to be given up in…
Q: Which of the following are short-run and which are longrun adjustments? a. Wendy’s builds a new…
A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Q: 13) Consider a technology exhibiting diminishing MRTS. If capital is fixed, but a firm varies labor…
A: Answer: Diminishing MRTS: Marginal rate of technical substitution refers to the change in capital…
Q: 53. As output increases, AC curve
A: To find : Effect on AC curve.
Q: Oil is an important input into the NZ production of petrol. The main immediate impact of an oil…
A: The equilibrium is achieved where the aggregate demand curve and aggregate supply curve intersect…
Q: MNLogs harvested logs (with no inputs from other companies) from their property in northern…
A: a. Above is the calcuated table.
Q: Which of the following would be included in the gross domnestic Sroduct of Brazil? A the profits…
A: Answer: Correct option: A (the profits earned by the U.S. owned plant in brazil) Explanation: GDP…
Q: 51. Which cost increases continuously with the increase in production?
A: To find : Which cost increases continuously with the increase in production.
Q: If the ATC curve is continually declining, what does this imply about MC curve? Explain your answer
A: Average Total Cost: The average total cost is the cost per unit of output. It can be determined by…
Q: if the ATC curve is rising, does that mean the MC curve must lie above it? Explain.
A: Marginal Cost: The sum of the total variable cost is the marginal cost because the fixed cost…
Q: 9. The MC curve cuts the AVC and ATC curves at A. O The falling part of each B. O Different points…
A: Business can be of various types. For example in diesel business, there is diesel production and…
Q: Problem 10-01 (Algorithmic) Suppose that the R&B Beverage Company has a soft drink product that…
A: Answer a) The annual demand = 3,600 cases and so D = 3,600.The annual holding rate = 25% and the…
Q: Describe the behaviour of the ATC in relation to MC
A: Marginal cost (MC) is the additional cost incurred on producing one extra unit of the output.…
Q: The AVC and the AC curve can intersects each other at any point True/False
A: # The average per unit variable cost isris to be as Average variable cost and the average per unit…
Q: uses inputs rease output, these inputs are:
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What happen when you add Total Fix Cost and Total Variable cost that is divided by their quantity.…
A: Production cost is the monetary value that is used to acquire factor of production to produce goods…
Q: (i) A business manager determines that t months after production begins on a new product,the number…
A: Given: The production in the long run will be: We know 1/t= 0 when t tends to infinity:…
Q: Which of the following statements is an example of a Scale Effect? (A). The firm decides to…
A: Scale effect shows that cost advantage is experienced by the firm when it increases its output.
Q: Distinguish between 'short-run' and 'long-run' Phillip curves.
A: Phillips curve is a concepts that was introduced by A.W. Phillips in the early century. The Phillips…
Q: 7.16. A construction company has two types of employees: skilled and unskilled. A skilled employee…
A: Two Types of employee Skilled employee unskilled employee Skilled Employee build 1 yard - in 1…
Q: When Sarah was asked to complete a financial analysis to determine next year’s price of Product X in…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Consider the following IS-LM model: C=100+0.4Yd 1=150+0.2Y-1000i T=100 G=200 i=.1 Calculate…
A: Aggregate Demand is the sum total of Consumption Spending, Investment Spending, Government Purchases…
Q: 5. Consider the accompanying breakeven graph for an investment, answer the following questions. a)…
A: Since you have posted multi subparts question. So as per answering guideline, we will solve first 3…
Q: Given the following data on input and output levels. Suppose the output price is $2 and input price…
A: Average Value Product refers to the worth of the average product in the market. This shows the value…
Q: Brief information about the Trend of “Cocooning” (spending leisure time at home rather than going…
A: Cocooning is described as a term in which individuals practice spending the time of leisure at home…
Q: TVC ATC/AC 0 65 105 135 167 a. 203 244 7 293 d. 8 55 355 9 432 10 527 5. Explain why the short-run…
A: A complete table is a follows : TC = TFC + TVC AVC = TVC / Q ATC = TC / Q MC = TC - TC1 Q TFC…
Q: QUESTION 5 20 poin Match each of the following terms and descriptions Constant returns to scale when…
A: Economies of scale occurs when long run average cost falls as production increases. Diseconomies of…
Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…
A: Suppose Ike's bike is presently producing 500 bikes per month in its only factory. its short run…
Q: 2 On the same set of axes plot TFC, TVC, and TC schedule based on the following table: a. Compute…
A: AFC=TFCQAVC=TVCQATC=ATCQMC=∆TC∆Q
Q: 2) Explain the relationship between short run ATC and MC and why ATC is U-shaped in short run?
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
31. Describe the behaviour of the
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- Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?F a) Draw the demand process cycle and label it fully. b) A door company has the following materials in inventory. Inspect the table below and answer the following questions Material Average (in Kilograms) Price Aluminum 3884 $3.0 Steel 5850 $1.4 Iron 200 $1 Work in Progress Average Price Fence 78 230 Final Products Average Price Door 300 300 Window 550 240 i. Calculate the number of turns. ii. Calculate the cost per day.Describe the behaviour of the ATC in relation to MC
- Graphically Represent and analyze the interrelationship between the short run costs Units TFC TVC TC AFC AVC AC MC 0 24 0 1 24 28 2 24 54 3 24 75 4 24 96 5 24 126 6 24 168 7 24 214 8 24 264.(a) What do you mean by inventory carrying cost and ordering cost? Explain with examples. 2(b) Mr Mahmud operates a cosmetics shop at Dhanmondi. The annual demand for soap is 2,500 units. The setup cost is Tk.15 per order. The material cost per unit Tk.3 and the holding cost 10% of average inventory.. a) What is the optimum number of units per order? (Use EOQ formula)b) What is the expected number of orders per year if management considers the followings units for order placement: 100 units, 250 units, 500 units and 1250 units?(Use comparative tabular format)The table below shows the annual percentage change in sales for five locations of J&J Burger. Pct. Change, 2019- Pct. Change, 2020- Location 2021 2020 6 -3 -12 -6 11 3 7 10 -2 2 Camarillo Oxnard Ventura Thousand Oaks Simi Valley If the total sales at the Oxnard location are $125,864 in 2021, what were the sales at that same location at the end of 2019? Round to the nearest whole dollar. Type your answer...
- 1) A manufacturer of kitche. Appliances is preparing to set the price on a new blender. Demand is thought to depend on the proce qnd is represented by the following model. D= 2,800-4p The accounting department estimates that the total cost can be represented by the following model. C=4,700+5D Develop a mathematical model for the total profit of TP in terms of the price, P. A mathematical mod for the total profit in terms of the price P is TP= ______With the following data, calculate the firm’s AVC and MVC and draw the graphs for TVC, AVC, and MVC. Why is MVC the same as MC? Total Quantity Variable Costs 1 $40,000 2 80,000 3 120,000 4 176,000 5 240,000 6 360,000pols Add-ons Help Last edit was seconds ago xt I UA Calibri 11 + 三 2 | 3 II | I 4 II| II6 4. Thanks to years of consistent contracts and an outstanding administration, Crestwood High School has formed one of the best teaching staffs in the State of Michigan. This staff has learned how to work seamlessly with each other and students. They are now able to effectively teach more students in every class than before. *Name the determinant: Automakers have introduced new heating lamps to their paint shops that allow them to dry layers of paint faster than ever before. These newly invented heaters use less energy and have greatly increased output. 5. *Name the determinant: 27°C Rain II 近
- *need correct answer for this practice question plzThe tapie pelow Cotains pricerdemand and total cOSt data Tor the production of treadmilis, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax + b, where a is rounded to 1 decimal place and 6 is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cx + d, where c is rounded to the nearest integer and d is.rounded to the nearest 10,000. To Do Notifications Dashboard CalendarQuestion: How does the average hourly manufacturing salary in Australia affect cost efficiency? How does the average hourly manufacturing salary in Asia and nearby countries impact Ford’s decisions to halt production? Elaborate and explain. please answer