Economics Valles Galactic Industries bought a collection of additive manufacturing machines that comes with 200 hours of free maintenance. Hours after 200 cost $200 per hour.   What is the average and marginal cost of: a) 130 hours?     b) 300 hours?

Q: 46. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is…

A: Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is…

Q: FIGURE 7-2 $100 90 80 70 60 50 40 30 20 10 1 2 3 4 5 6 7 8 9 10 Quantity of Output Refer to Figure…

A: please find the answer below.

Q: Q 3 4 5 solution needed 1) Using the scenario listed below Figure 1, write a demand function…

A: The given demand function is, QAW=-150,000-2,400PAW+1,520PGearS+1,200PPebble-1,200PiPhone6+44A

Q: Quantity Marginal Cost Total Cost Average Cost (Units) ($) ($) ($/unit) 1 $66 $66 $66 2       3…

A: Average cost measures the cost to produce each unit as an average of the total cost of production.…

Q: Use the following data for answering Questions 3-6: The Haverford Company is considering three types…

A: The table for the costs of Plant C is given below:

Q: Consider the following table illustrating the production function of gadgets. Furthermore, suppose…

A: Total cost can be calculated by using the following formula.

Q: Question attached In early 2008, you purchased and remodeled a 120-room hotel to handle the…

A: Given: Average cost per room=$70 Selling price=$20 million Cost of capital=10% no. of room…

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: 3. Suppose a firm has a well-behaved technology and it can produce 38 units of output using the…

A: When it comes to manufacturing decisions, the company is now constrained by technological limits. At…

Q: Average Variable Marginal Average Variable Average Total Fixed Quantity Total Cost Fixed Cost Cost…

A: here we calculate the total cost of producing of 2 units of output as follow

Q: 43. The marginal cost curve represents: a. Variable costs plus fixed costs. b. Fixed costs only. The…

A: The correct option is c.

Q: 8. All-Leather is a tanning company located on Lake Michigan in Chicago. Its total cost function is…

A: A cost function is being used in order to chart how the production expenses would change at…

Q: Which of the following is why the total cost (TC) curve does not start at the origin?     a) TC…

A: Total cost curve is the sum total of fixed cost and variable cost.

Q: When a fictitious firm produces 4 sweaters, the total cost is 40. The total cost of producing 5…

A: Here, given information is: Total cost of producing 4 uniits of sweater: 40 Total cost of producing…

Q: Consider the table below that describes the costs associated with producing a good (Q). Q Total…

A: Marginal cost of Q is equals to TC (Q) - TC(Q-1) So, MC(Q=2) = TC(Q=2) - TC(Q=1)

Q: Costs and Profit Maximization Under Competition: End of Chapter Problem a. Use the variable cost…

A: Fixed cost is the cost that remains the same regardless of how much output the firm produces.…

Q: Reese has recently left her teaching job to open a bakery. The ______ is an example of the implicit…

A: The cost incurred is either implicit cost or explicit cost. Explicit cost is the cost which is…

Q: Table 1. Costs of a Restaurant Quantity Total of meals Cost made (Q) 10 1 2 29.0 3 30.5 4 5678 Fixed…

A: Fixed cost and variable cost together make up for total cost

Q: Task 3 3(a) Medi Pharma Company produces two products Mask and PPE kit (both are in high demand due…

A: Scarce resources decision is a judgment according to the maximum total net income of a firm by using…

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: 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: 46. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is…

A: Explicit Costs are those costs which are clearly stated in the business's operating expenses for…

Q: Refer to Table 13-1. What is the average total cost of producing one widget? b. $15 a. S1 c. $16 d.…

A: Formula to be used: For all quantities, the fixed cost remains the same. TC=FC+VC  VC=TC-FC…

Q: Suppose you have a production technology that can be characterized by a learning curve. Every time…

A: Marginal Cost (MC) is the extra cost of producing an extra unit of a good. Total cost (TC) measures…

Q: Question 13 Suppose that the price changed from P1 to P2 in the graph below. Sdomestic P1 G EL P2 B…

A: Answer: Assuming the origin point as 'O' The total variable production cost of producing Q0 units…

Q: Consider the table below that describes the costs associated with producing a good (Q). Q Total…

A: Average total cost is the total cost divided by units of output.

Q: .Which of the following is an example of a fixed cost? A. cost of employees who work overtime B.…

A: In general, a firm incurs various costs in the daily business and these costs can be classified as…

Q: Q44. Suppose that cellphone batteries can be produce using 3 different types of technologies. The…

A: The firm would result in the production of the various goods and services using the various inputs.…

Q: 1. Upon signing the lease and paying 5,000 php, how large are ACME’s fixed costs? Its sunk costs? 2.…

A: The phrase "cost analysis" refers to a mensuration of the cost-output relationship, i.e., economists…

Q: The relationship between marginal and average costs Consider the following scenario to understand…

A: Marginal Cost = Change in Total Cost / Change in Output Average Total Cost = Total Cost / Output

Q: pdf 1 / 3 102% | Output Total Cost What are variable costs of producing 5 units? а. 0. $10 $20 b.…

A: Fixed cost is the total cost at output = 0 so it is $ 10. Fixed cost is independent of output and it…

Q: Q. Table 3 above shows how output varies with only one variable input used in production. If the…

A: Here, the cost of one unit of labor is $500 To get the approximate marginal cost of the 230th unit…

Q: If a paper mill shuts down its operations for three months so that it produces nothing, its…

A: Total cost is the sum of fixed cost and variable cost.

Q: 1. Suppose your current job pays you $300,000 a year. However, you are considering starting your own…

A: Current job salary=$300,000 Total revenue=$75,00,000 Cost of material=$27,50,000 Employees…

Q: Melissa manages to sustain her software company in the long run, then: A. her total cost equals her…

A:

Q: 8. Which of the following are short-run decisions and which are long-run decisions? a. General…

A: Short run refers to the time period which does not allow changes in the capital to adjust with the…

Q: A firm is deciding between two different sewing machines. Technology A has fixed costs of $500 and…

A: In this case, the firm has two different technological options where technological option A is the…

Q: 22. Which one of these will continuously increase as more products are produced? a. None of the…

A: In the market, a firm has to face different types of costs when it decides to enter the market, such…

Q: Question 10 TT Quantity of Output Fixed Costs Variable Costs 15 2 15 12 4 15 23 15 38 8. 15 46 10 15…

A: Total cost = total fixed cost + total variable cost Marginal cost = (change in total cost / Change…