3. You own WYNELL's Fashions, which sells prom dresses. Your firm has the following cost schedule: If vou produce this quantity The average total cost per dress is ... $100 40 $101 41 Your current output is 40 prom dresses, all of which have been sold. You receive a call from an eager potential customer, who offers to pay $150 if you will produce a prom dress for her Calculation space to show your work What would your profit or loss be on the 41st prom dress? (Show your work.)

Q: A Milton company is a clothing company, below is a table that shows the production and that costs of…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Bessie wants to calculate the accounting and economic profits on her cattle farm in Nebraska. She…

A: a. Accounting profit = revenue - explicit cost  = 140000 - 130000 = 10000

Q: Refer to the data. 1- What is the Creamy Crisp's explicit costs are? 2- What is the Creamy Crisp's…

A: The firm produces various goods and services and involves various types of costs. The costs would…

Q: If you have the following table that shows the costs of certain firm Variable costs Total cost…

A: Microeconomics deals with the firms and their behaviour individually. The costs and benefits and the…

Q: Refer to Figure 5.1. On the graph that shows total costs, what is the level of variable costs when 6…

A: The value of money that in turn has been used up for producing a good or delivering a service, and…

Q: 2. The following table depicted a computer manufacturer's total cost of producing computer: Quantity…

A: In its most basic form, total cost (TC) refers to all of the costs associated with producing…

Q: onvert the following total variable cost schedule for UP Against the Wall Industries into the total…

A: Total cost = Total variable cost + Total fixed cost Average fixed cost = Total fixed cost /…

Q: 1)Here is the solution for the cost table for the cake-maker from last week: Number of Cakes 0 1 2 3…

A: A perfectly competitive market is a type of market structure.  Overall there are four types of…

Q: Charlie Co. sells pastries and its production and cost table is given below. A worker costs $100 a…

A: Marginal cost is the additional cost incurred in order to produce one additional unit of output.

Q: Hannan's pizza shop currently produces 100 pizzas per day and sells them for a profit. She is…

A: Option a can be eliminated because the reason doesn't account for future profitability. It doesn't…

Q: If Hasan runs the restaurant himself and before setting up this business, he was working in a…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: Total Total Average Average Dutput (Q) Fixed Variable Total Variable Total Marginal Cost Cost Cost…

A: Note: You have uploaded more than one question at a time. Hence, we shall solve only the first one…

Q: 2 Complete the following table Price Output (0fied cost Variable co Revenue Total Cos Marginal…

A:

Q: If you have the following table that shows the costs of certain firm Quantity (Q) Fixed cost…

A: Fixed cost is the cost which does not change with the change in the output level. Variable cost is…

Q: Karen runs a print shop that makes posters for large companies. It is a very competitive business.…

A: Given,Fixed Costs = $100Variable Costs are $1,000 for the 1st thousand posters,…

Q: Curt grows beautiful orchids. His total fixed cost is $22 a day, and his average variable cost is $2…

A: Given that, Before advertisment Total fixed cost = $22 Total variable cost = average variable cost ×…

Q: Vera's Violins is the only shop in a town that sells violins. Vera, the shop owner, makes the…

A: Producing as much as possible from the resources that are available in an economy is the economic…

Q: Karen runs a print shop that makes posters for large companies. It is a very competitive business.…

A: Given: Total fixed cost = $100 1st 10000 - Variable cost = $1000 ( for first 1000 posters) Next 1000…

Q: 3. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicydes.…

A: When long run average total cost declines as more output is produced, the firm tends to have…

Q: a. Complete the table by filling in the values for profit, marginal revenue, and marginal cost. b.…

A: Total cost is the cost incurred by the firm for the production of final goods.  The cost is divided…

Q: the table below shows the output cost and revenue situation of a firm. Study the table and asnwer…

A: Output cost is associated with the production process. When producer starts production of some…

Q: 1. Suppose there is a firm called Sebastian Industries that produces a product known as “Ortizs”. At…

A: We answer only one question at a time. Since the second question is a sub-part of the first…

Q: Suppose Finnegan's Irish Pub earned $10,000 in positive Economic Profit last year. Its Total Revenue…

A: Explicit cost: It is the actual monetary expenditure made to operate the business Implicit cost: It…

Q: The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity…

A: Total Profits of 5 drive ways = Total revenues of 5 driveways - Total cost of 5 drivewaysTotal…

Q: 2. Tom quit his $65,000 a year corporate lawyer job to open up his own law practice. In Tom's first…

A: The difference between the accounting profit and the implicit cost is referred to be as the…

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: OUTPUT TC MC ATC 25,000 1,00,000 0.50   50,000 1,50,000 1   75,000 1,87,500 2.5   1,00,000…

Q: i just need help with the last three questions (finding ATC) NOT the first three. I asked this…

A: a.AFC per poster, if she prints 1,000 posters=100/1000=0.1AFC per poster, if she prints 2,000…

Q: Suppose that a small hair styling salon had revenues of $200,000 in a given year. The owner spent…

A: The economic profit is broader term and it considers the opportunity cost as well.

Q: ESTION 2 re 2 shows on the long run cost and revenue cuoce. Figure 2 RM MC AC 14 10 D = AR EMR 10 11…

A: Until the average cost decreases, the marginal cost is lower than the average.   When the average…

Q: The owner of Tie-Dved T-shirts, a perfectly competitive firm, hires you to give him economic advice.…

A:

Q: 4. A firm's cost curves are given in the following table. TC TFC TVC AVC ATC MC Revenue Profit RO100…

A: The firms have a consideration regarding allowing sequential estimations about the profit and the…

Q: Farmer Jones grows oranges. The total revenue, marginal revenue, total cost, and marginal cost of…

A: Answer: Let us first calculate the profit to find the maximum profit. Output (Crates in 1000s)…

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: "Average total cost (ATC) is the cost per unit of the output produced and this is computed by…

Q: 5. The graph below shows the Price, Marginal Cost, and Average Total Cost curves for the production…

A: STEP 1It is given that,MC cut ATC from below at 6 units of Bennie Weenie Dogs where its price is…

Q: Compare the average total cost and the marginal cost and explain the relationship   Describe the…

A: Total cost(TC) is the cost(C) incurred while producing total output(Q). Average cost(AC) is the…

Q: Complete the following table of costs for a firm. (Note: enter the figures in the MC column between…

A: As per the guidelines, we are allowed to solve only the first three subparts. Please post the…

Q: 8. A firm's fixed costs for 0 units of output and its average total cost of produc ing different…

A: Hi student, thanks for posting the question. As per the guidelines, we can provide the answer for…

Q: roduction, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the av…

A: The given table is completed as follows:

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: Cost basically refers to the total expense that occurs in a production process. It includes both…

Q: 3) A firm produces 50 000 boxes in one month and market price of these shoes is 10 TL per box. The…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: A bakery sells pretzels. The fixed costs come to $8,750.00 per month. It will cost 35 cents to make…

A: Break-even point=Fixed costSelling price-Variable cost

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: (a)  Output TC MC ATC 25000 1,00,000 0.5 4 50000 1,50,000 1 3 75000 1,87,500 2.5 2.5…

Q: 1. Fill in the missing cells. Assume the firm operates in a perfectly competiuve environment in both…

A: "Since you have posted multiple questions, I can only answer the first question, the rest you need…

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: The industry determines the price for the firms in the competitive market structure. All the firms…

Q: Consider the same firm from the Monday assignment but now let's call that cost schedule total…

A: a) Q TVC TFC TC ATC AVC AFC MC 1 12 18 30 30 12 18 - 2 20 18 38 19 10 9 8 3 24 18 42 14 8 6…

Q: 5. For cases A through Fin the following table, would you (1) operate or shut down in the short run…

A:

Q: Answer the attached question

A: The economic profit is calculated by subtracting implicit costs and explicit costs from the total…

Q: Price (dollars per packet of chips) Quantity demanded (millions of packets of chips per year)…

A: The equilibrium price and quantity in a market are determined by the forces of demand and supply.…

Q: Charlie Co. sells pastries and its production and cost table is given below. A worker costs $100 a…

A: Marginal cost measures the additional cost incurred in order to produce one additional unit of…