A fast food restaurant can produce a hamburger for $1.15. If the restaurant's daily sales are increasing at the rate of 30 hamburgers per day, how fast is its daily cost for hamburgers increasing? The daily cost for hamburgers increases at a rate of $ per day.

Q: Universal’s variable cost to rent a car is $15. Assume the fleet size is fixed at 21,666. How many…

A: Given information Universal's variable cost to rent a car is $15 Fleet size is fixed at 21,666 The…

Q: Suppose a shoes factory makes 100 pairs of shoes. At this level of production, they have $25 in…

A: Output(Q)=100 units AVC(Q=100)=$25 ATC(Q=100)=$32 TFC(Q=100)=? We know that: Average Fixed Cost is…

Q: A weaver working with a handloom is able to produce 16 yards of fabric per day. The typical weaver…

A: Production costs are the overall costs of producing a product or providing a service, including…

Q: If the Marginal Cost for a product is found to be MC= 1500/15x+100' , and the cost of 80 units is…

A: We have, x= 80 Total cost = TC = $6000 at x = 80 Marginal cost, MC = 1500/ (15x+100) To find the…

Q: charlie is running a coffe shop and are currently selling 200 coffees. it cost them 2,0000 to hire a…

A: Fixed cost is the part of total cost that does not depend on output produced. It remains fixed even…

Q: What is optimization? How does it blow up the myth about profit being a result of a mere…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: At Dana's dairy farm, the average total cost of producing 19 liters of milk is $10, while the…

A:

Q: The most efficient scale of production of a firm is where

A: To find : Which is most effective case of efficient scale of production.

Q: Lafourche Parish, Louisiana, is the home to three crawfish farms. Thibodeaux Crawfish Farm harvests…

A: The total cost refers to the monetary value of the inputs used by the firms in their production of…

Q: A weaver working with a handloom is able to produce 16 yards of fabric per day. The typical weaver…

A: Total cost of production is the total expenditure incurred by the firm on production of the final…

Q: total revenue (TR) and total variable cost (VC) if the price is equal to the AVC

A: Relationship between TR and TVC 1. TR represents sum of MR and TVC represents Sum of MC  Gross…

Q: MyCollege Clothing Company manufactures expensive sweatshirts to sell to college bookstores in…

A: Answer: Note: we are not allowed to provide handwritten solutions it is strictly prohibited. (A).…

Q: Where Q = quantity, TC = total cost, TFC = total fixed cost, and TVC = total variable cost; average…

A: The average variable cost is the total variable cost per unit of output. The total variable cost is…

Q: State the relationship between average variable cost (AVC), and marginal cost (MC) when AVC is…

A: 1. AVC (Average variable cost) is decreasing, when the MC (Marginal cost) is less than AVC (Average…

Q: The marginal cost of producing the xth box of light bulbs is 4+ dollars per box. Determine how much…

A: The total cost of production refers to the monetary value of all the final inputs used in the…

Q: Jake is a corn farmer in Nebraska. He rents his land on a long-term lease for $250,000 a year. He…

A: Total cost =total variable cost + total fixed cost

Q: Graphically show the relationship between the Avg. Variable Cost, Avg. Total Cost, and Marginal Cost…

A: Below is the formula: AVC = TVCQATC = TCQMC = TCn - TCn-1

Q: A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total…

A: In business, the average total cost, or ATC, is the sum of all product costs divided by the volume…

Q: The total cost (in dollars) to produce qq units of a good is given by the function:…

A:

Q: If Q = 2LK2 , what happens to average cost as the firm expands (produces more)? a.AC reaches its…

A: Cobb-Douglas production function of Q=ALa Kb with a+b>1 shows increasing returns to scale.

Q: Suppose your current job pays you $300,000 a year.  However, you are considering starting your own…

A: Given, Total revenue=$7,500,000  Cost of material=$2,750,000  Employees salary=$1,500,000…

Q: A weaver working with a handloom is able to produce 13 yards of fabric per day. The typical weaver…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What effect might a decrease in the  demand for high definition television have on the short-run…

A:

Q: Answer the following: ○ a. If TVC 5 $80 and AVC 5 4, then what does quantity (Q) equal? ■   ○ b. If…

A: Total cost is the total expenditure dome by the producer in the production process. It includes both…

Q: If a firm has economies of scale, it must have increasing returns to scale. True or false? Explain.

A: The return to scale states the change in the output with the proportionate increase of all the…

Q: Starbucks is hoping to make use of its excess restaurant capacity in the evenings by experimenting…

A: (Q) Starbucks is hoping to make use of its excess restaurant capacity in the evenings by…

Q: How would an improvement in technology, like the high-efficiency gas turbines or Pirelli tire plant,…

A: Here, an improvement in the technology used, would decrease the cost and will shift the cost curve…

Q: During the previous month, a firm produced 250 tablet devices at an average variable cost of $40 and…

A: Given:Average variable cost=$40 Average fixed cost=$10Total output=250 tablets

Q: The table shows daily output for small pizzeria based on the number of workers hired. Suppose fixed…

A: Average Total Cost (ATC) is the total cost per unit of output. ATC = TC/Q where,  TC is the Total…

Q: or a decrease in output, average costs change by more in the long run than in the short run - True…

A: If there is a decrease in the production, short-run average total cost and long-run average total…

Q: What is the difference between economic profit and accounting profit? What is a normal rate of…

A: As per honor code, we’ll answer only one question at a time , we have answered the first question…

Q: Suppose Alaska could add 1000 MWh of wind generation—which produces for four hours during the…

A: Solve with the help of graph marginal cost curve

Q: A weaver working with a handloom is able to produce 11 yards of fabric per day. The typical weaver…

A: Per day production by handloom = 11 yards Per day payment to worker =$10 Per day production by…

Q: Monique has a flock of six chickens in her backyard that she initially bought for $6 each. The flock…

A: The economic profit states the total revenue minus costs, including opportunity cost. The formula…

Q: . If a firm has economies of scale, it must have increasing returns to scale. True or false? EXPLAIN…

A: Economies of scale provides cost advantage to the firm.Firm is able to lower average cost through…

Q: The following Table Q1(b) shows the total product schedule for a widget. Each unit of labor costs is…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: If output is produced according to Q = 4LK, the price of K is $10, and the price of L is $40, then…

A: Profit is maximized when firm produces output at a level where marginal rate of technical…

Q: If production increases, what happens to average variable cost (AVC), does it increase only,…

A:

Q: Answer the following: If TVC = $80 and AVC = 4, then what does quantity (Q) equal? (b) If…

A: Total cost = TFC + TVC AVC = TVC/Q AC =TC/Q MCn=TCn -TCn-1= change in TC/change in Q AFC = TFC/Q

Q: Explain how a firm is able to deal with both fixed and variable costs at the same time

A: Fixed cost is the cost of production which does not change or constant whatever the amount of good…

Q: Consider a small photography studio with 5 workers and 2 printers. The total cost of labor and…

A: The cost of hiring a worker is wage and the cost of using capital is rent. The sum of wage and rent…

Q: Water World Water Park has the following cost function: TC = 500 + 125q and MC = 125 a) Determine…

A: Given: TC = 500 + 125q MC = 125

Q: From the table attached below, which plant will the firm choose for producing 18 chocolates per day…

A: The optimal strategy of the firms is where the firms are capable of decreasing the costs to a…

Q: The marginal cost of producing the xth box of light bulbs is 4 + dollars per box. Determine how much…

A: Given: Marginal Cost (MC)of xth element : 4+x^2/1000 dollars per box Total Cost(TC) of xth element:…

Q: The additional cost of producing one more unit of output is calicu

A: A firms has fixed cost and variable cost. The total cost is the sum of fixed cost and variable cost.

Q: You own a company that produces widgets. You currently produce 100 widgets; each widget sells for…

A: The economics as a study is based upon the idea that the resources which are present with the…