Q: Output(units per day) 10 20 30 Total costs($ per day) 40 54 62 80 Find the average total cost at the…
A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…
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A: Average cost is the ratio of total cost and quantity
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A: The data presented in the question above is:- Total fixed cost = $350 Output produced = $70 The…
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Q: Consider the table below to answer the question that follows: Q TFC TVC TC AFC AVC ATC MC 0 500 0…
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A: Answer to the question is as follows :
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Q: 17. A firm's total cost is $10,957 when it produces a quantity of 50. Rounded to the nearest dollar,…
A: here we find the average total cost and choose the correct option which are as follow-
Q: Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per…
A: Total cost per unit if production is 100 units per week = $70 Total cost of 100 units per week =…
Q: If you know that when Bombardier, a hypothetical firm in Montreal produces 10 units of output, total…
A: Here, given information is: Total output: 10 units Total cost: $1,030 Average fixed cost: $10 To…
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A: The opportunity cost refers to the value of the next best alternative sacrificed when an individual…
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A: Marginal Cost(MC) is the change in the total cost(TC) due to very small changes in the quantity(q)…
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A: *ANSWER :-
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A: Marginal cost is the additional cost of producing each additional unit of output. Marginal cost =…
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A:
Q: 7 A firm has this cost function: C = 4000 - 7Q + 8Q2. The firm is currently producing 5 units of its…
A: Cost Function = C = 4000 - 7Q + 8Q2 where Q = 5
Q: A firm’s total fixed cost is $360,000. Construct a table of its total and average fixed costs for…
A: Output Total fixed cost Average fixed cost = Total fixed cost / quantity 0 3,60,000 - 1 3,60,000…
Q: Marc Tech produces q units of smartwatches and their short-run total cost is given by STC = 3q2 -…
A: ATC=TC/Q
Q: Suppose the total cost equation of firm is 50 + 56q^2 . calculate the MC
A: The marginal cost can be determined by using the below formula:
Q: $100 90 80 70 60 50 40 30 20 10 1 2 3 4 567 89 10 Quantity of Output Refer to Figure 7-3. Which is…
A: please find the answer below.
Q: When a firm produces one unit, the variable cost is $3. When the firm produces two units, the…
A: Given information: Variable cost when the firm produces 1 unit = 3 Variable cost when the firm…
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A: GIVEN C(q) = 10q-12q^2+0.5q^3+400
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A: With MC is constant then it means that that the cost of producing each 10 units is same. Therefore…
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A:
Q: If accounting profit is $400000 greater than economic profit, what do implicit costs equal?
A: Implicit cost: A certain expense is any cost that has just happened yet not appeared or detailed as…
Q: The data in the table is for a firm in which labour is the only. variable cost and each unit of…
A: Formulas used : TP = AP × Q MP = TPn - TP n-1 AVC = TVC / Q MC = TC n - TC n-1 Also this is given…
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A: Marginal cost function; MC= 5+x Cost of producing 2 unit = 712 OMR Cost function of the company:-…
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: Answer to the question is as follows :
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Q: runction 125 q? 4. 16 A(q) where q is the firm's output. (iv) Write an equation for the total cost…
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Using the figure above, what is the total cost for the firm?
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- Mike has a decreasing marginal uity of income We know that Mike's income in greater than S10, but we de not know his exact inome Adam offers Mika the folloeing bet Adam wil throw a fair coin (that is, heads and tals have equal probatilty) a heada. Mke pays Adam $10. ta Adam pays Mke S10 What can we conclude from this infonmation? O Mike will reject the bet only it his income is high emought Ob. Mike will reject the bet, independently of how high his income is Oc Mke wil accept the bet independently of how high his income is Od Mke will accept the bet only if his income is high enought O Mka will always be indiferent between accepting and rejecting the bet741 Ny 7:0 Mond Content X + ultra/courses/_99030_1/cl/outline manipic cempo me manipic accompis. INIU Force Completion. This test can be saved and resumed later. BILLETTE Your answers are saved automatically. * Question Completion Status: QUESTION 1 The goal of the consumer is to maximize the total utility or satisfaction derived from their purchase choices, given the unique budget constraint. To calculate total utility of a given combination of T-shirts and movies, one would use the following approach: O a. For a given combination of T-shirts and movies, survey a group of individuals to determine an average for utils to be assigned to the number of T-shirts and movies. O b. For a given combination of T-shirts and movies, use Google to identify the number of utils associated with the number of T-shirts and movies and thenlum them. O c. For a given combination of T-shirts and movies, assign a number of utils to that combination. O d. Use utils as a measure of utility, assigning a…Lcom/:w:/g/personal/swhite2_bu_edu/EV8wKQXB9QdNvQPbGJ6pm9cBdWPipCeu9s0GwUQJy8aG0g?e=sL5u4x SM131 Course P SM132 & EC102 P... P PIAZZA BU Healthway Wallstreetbets Fantasy Bbal| Discover Login practice final 1 For questions 50 and 51 the table below showing the input costs of making bread and cheese might be helpful. Assume that that costs are constant and that England and Spain each have 40 hours available to make food. Labor Hours Needed to Make 1 Unit of Bread Cheese Spain England 1 12 50. England has a comparative advantage in the production of a. neither good and Spain has a comparative advantage in the production of both goods. b. cheese and Spain has a comparative advantage in the production of bread. c. bread and Spain has a comparative advantage in the production of cheese. d. both goods and Spain has a comparative advantage in the production of neither good. 51. At which of the following prices would both England and Spain be willing to trade with each other? a. England and…
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