Com 120.000 D 80.000 B 40.000 C A Robots 5.000 10.000 15.000 In the graph above, a movement from point D to Point B is

Q: Consider a production function Q=5K0.75L0.25 , target level of production=5000, cost of labor= 0.5…

A: As given Production Function is Q = 5K0.75L0.25 Cost of labor = 0.5 and rental cost is 0.10

Q: Describe all the circular flows of using the relevant diagram.

A: The economic model depicting the circular movement of money between firms/producers and households…

Q: what are the 5 internal economics of scale ?

A:

Q: Question attahed in image

A: The costs and the revenue are important for a firm to analyze because with the cost and the revenue…

Q: The following Table is for answering questions 42 to 45 below: Output 6000 TFC TVC Input 1200 TC MC…

A: Use below formulas to find the values: Total Cost (TC) = TFC + TVC MC = TC2 – TC1 TVC = TC - TFC

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: With the following data, calculate the firm’s AVC and MVC and draw the graphs for TVC, AVC, and MVC.…

A: The ‘Average variable costs’ represent the ‘variable costs’ per unit, including material and work,…

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A: Production possibility curves show the different combinations of production of two commodities that…

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A: please find the answer below.

Q: Question 10 Briefly explain the error. Find one error in the following picture (there may be more…

A: Profits have been negative since TC>TR, and the company is losing money. In the lower panel, this…

Q: The only variable input a janitorial service firm uses to clean offices is workers who are paid a…

A:

Q: The following question is based on the production function D=80L0.7K0.3 where the cost of labour is…

A: The production function shows the relationship between the factors of production and the quantity of…

Q: Cost (thousands of $) The graph shown on the right represents the cost C (in thousands of dollars)…

A: Cost refers to all the expense as well as the expenditure in a production process. These expenses…

Q: We have the results from our first Facebook ad campaign. The following table summarizes the results…

A: Given that, We have the results from our first Facebook ad campaign. The following table summarizes…

Q: Q3: A company employs 5 workers to produce bracelets and rings. The following table shows the…

A: Worker Max output of bracelet Max output of rings Opportunity cost of bracelet= output of…

Q: The first unit of a product took 1,000 hours to build and the learning curve is 85%. How long will…

A: To produce the first unit takes 1000 hoursTo produce second unit = TN=T1(Nb) T2=1000×(2log2 0.85)=…

Q: Give a numerical example to show that as marginal physical product (MPP) rises, marginal cost (MC)…

A: Marginal Physical Product (MPP) is the addition to the total physical product when an additional…

Q: In recent years, the United States has experienced large increases in oil production due in large…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Labor Capital (machines) Technique (hours) A 10 35 B 25 25 C 10 60 D 30 20 sing the data in the…

A: Labor and capital are the variable inputs that are used in production of good. The table shows the…

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: Use the following to answer questions 3-8: Number of Workers Total Cost 1000 1 2200 2 3200 4000 4…

A: cost of production is the monetary value spent on inputs  in producing output . And it is the…

Q: The following Table is for answering questions 42 to 45 below: Output 6000 TFC TVC Input 1200 TC MC…

A: In the given table, w belongs to the TFC. Fixed cost is constant and it do not vary with the changes…

Q: What is a cost that changes with the change in volume of activity of an organization

A: The cost that changes with the change in volume of activity of an organization or in other words,…

Q: Later, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past…

A:

Q: 10. A retail store in Des Moines, Iowa, receives shipments of a particular product from Kansas City…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Later, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past…

A: As per the question, solving 15 problems is equivalent to 1 hour of reading. From the marginal gain…

Q: A fast computer runs 4 algorithms per hour while a slow computer runs 2 algorithms per hour. Draw…

A: MRTS MRTS which is also known as Marginal rate of technological substitution is an economic…

Q: The only variable input a janitorial service firm uses to clean offices is workers who are paid a…

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

Q: Nancy Lerner is trying to decide how to allocate her time in studying for her economics course.…

A: "Since you have posted a question with multiple subpart,we will solve first three sub-parts for…

Q: Average and Marginal Product of Labor 7,000 6,000 5,000 4,000 3,000 AP 2,000 1,000 2 4 6 -1,000 MP…

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

Q: MNLogs harvested logs (with no inputs from other companies) from their property in northern…

A: a. Company Revenues cost of purchasing inputs value added MNLogs $1000 $0 $1000 MNLumber…

Q: The of an input is the output per unit of the input

A: Inputs are any resources used in the production of goods and services.  Labor (workers' time), fuel,…

Q: Describe the two main types of internal diseconomies of scale?

A: According to the given question In simple words we can say that the internal diseconomies of scale…

Q: As firms add a few workers, output increases exponentially; however, soon each additional worker…

A: Law of variable proportion says as long as firm hires workers in initial stages MP increases and…

Q: Suppose we have another firm known as Sepanyan Corporation which makes a product known as Yeghias.…

A: It is given that the Total cost of the firm is equal to $10,000 and the fixed cost is equal to…

Q: Technology B uses 4 workers and 2 tonnes of coal to produce 100 meters of cloth. The worker's wages…

A: As the cost of production is $50, and the technology uses labor and coal. Labor is priced at $10 and…

Q: Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the…

A: The costs incurred by a firm operating in a competitive market included fixed costs and variable…

Q: Complete the following table. (2.5 Marks)    Units           TFC       TVC    TC       AFC…

A: The cost refers to the expense incurred by the firms/producers manufacturing various products. They…

Q: Isoquant curves Gym requires exactly 3 bottles of water per athlete to maximise performance…

A: Introduction Isoquant curve : Isoquant curve represents all the inputs combinations of two…

Q: tefer to the to graph on the right Which level of output in the raph below represents the minimum…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Use the information in the table to answer parts a and b below. Be sure to show all your steps for…

A: The  problem is solved as follows:

Q: Jason owns a lamp store. His total costs are $145,000 per year, and his fixed cost are $19,200. His…

A: fixed costs, also known as indirect costs or overhead costs, are business expenses that are not…

Q: What is the economies of scale of General Motors?

A: The advantages of cost which is being obtained by the enterprises being solely due to their scale of…

Q: C. Graph the isoquant for Qo = 20 and the isocost line. Label the tangency point E.

A: The cobb Douglas Production function The production function in the long run is Y=A(LK,N) Y= output…

Q: Average Total Cost ($ per tablet) Q=400 Number of Factories Q=100 Q=200 Q=300 Q=500 Q=600 1 400 300…

A: Answer: The long-run average cost of production: in the long run a firm produces a particular level…

Q: Use the information in the following table to do exercises 8-15: Y $100 $300 $500 $700 C $120 $300 1…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: Let Srepresent the amount of steel produced (in tons). Steel production is related to the amount of…

A: We have  The production function for steel: S=20L0.30C0.70 Where L is the number of labor units used…

Q: "Isoquants and isocosts are tools of optimization." Analyse the statement.

A: The firm uses inputs in the production process which is called factors of production. There are four…

Q: hat is the difference between capacity and automation.

A: Production is the technique of adding different content and immaterial components to create a…

Q: This one should test whether you really understand this stuff by changing the story just enough that…

A: Given, Cost of Installing beehives = $100 each Price of Honey = $20 each No. of beehives Total…

Q: Give an quantitative example of marginal and average cost.

A: Average cost is the equivalent of total fixed cost (TFC) and total variable costs (TVC) divided by…

Q: ТР Number of workers Refer to the graph above. With efficient production, this firm can maximize…

A: A firm produce efficiently at where TP is maximum.

Q: . Which of the following is also known as plant curves?

A: Plant curve is a curve which represents the plant size of the firm. A firm operates on any one plant…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…

A: Total cost refers to the cost of all inputs needed to produce with the given unit of output.

Q: The cost curve for producing widgets passes through the following points and is piecewise linear in…

A: Incremental cost of production is the increase in total cost due to increase in the production…

Q: Bill works for a large food service company. In one hour he can make 13 sandwiches or he can make 36…

A: Bill can make either 13 sandwiches in one hour or 36 salads in one hour.If Bill needs to make 33…