Q: define economic of scale
A: Economies of scale can be achieved in two ways, that is, internally or externally. Internally…
Q: rease in average
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Q: Construct the cost schedule
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A: Cost of product: The cost of a product refers to the actual amount that is spent to manufacture it.…
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A: a) Returns to scale refers to how the output changes as the input changes. There are three types of…
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A: Fixed cost does not depend on quantity produced. It remains fixed. Variable cost increases with…
Q: Define returns to scale and it's all aspects.
A: Returns to scale Returns to scale refers to the proportionality of changes in output when all inputs…
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A: Marginal cost is the additional cost incurred with an additional unit of output produced.
Q: Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for…
A: Average Fixed Cost = Fixed Cost / Quantity Average Variable Cost = Variable Cost / Quantity Average…
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A: Cost of production is the total cost that a firm or a business incurs for the production of goods…
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A: average product of a worker is determined as dividing the total product by the no. of workers
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: 4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $250 and the…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…
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A: Marginal product is the change in total product with respect to change and labour inputs.
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A: The quantity of output that can be produced from a specific set of inputs is known as productivity.…
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Q: 10. The number of Manpower required for a software project in terms of time to complete. Is called…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
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A: Since you have asked multiple questions, we will solve first question for you. If you want any…
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Q: "Isoquants and isocosts are tools of optimization." Analyse the statement.
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Q: Question 1 Calculate the productivity for the following operations: Three employees processed 600…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
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Explain the concept long run in production time frame
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- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?define economic of scaleSOLVE STEP BY STEP IN DIGITAL FORMAT The company Cielito S.A. It manufactures clothing for older adults and has a large presence in Mexico, due to the comfort and good taste of its garments. It has 60 seamstresses who work 8 hours a day; Indirect manufacturing expenses are $9,500.00 MXN. Every day Cielito S.A. produces 1,500 garments. The cost per hour of labor is $55.00 MXN. With this data, you must calculate: a. Labor or labor productivity. b. The productivity of manufacturing indirect expenses. c. The total productivity of Cielito S.A.
- How the following are scaled using a table and to be supported with a graph. Present a discussion 1. Isocost Line 2. Least-Cost Combination 3. Return to scaleShow full work for part a) b) & c) using the graph with a consistent scaleSolve the questions to find all these parts and show a clear working of how you obtained this question. (D,e, f) needed
- Output quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125 X 1125 150 1200 X 175 1875 200 2000 2250Answer all questions Question 1 Calculate the productivity for the following operations: Three employees processed 600 insurance policies last week. They 8 hours per day, 5 days per week. A team of workers made 400 units of product, which is valued by its standard cost of $10 each (before markups for other expenses and profit). That accounting department reported that for this job the actual cost were $ 400 per labor, $1000 for materials and 4300 for overhead. Question 2 a) Find the productivity if four workers installed 720 square yards of carpeting in eight hours. b) Compute for the productivity of a machine which produced 68 usable pieces in two hours. Question 3Compute the multifactor productivity measure for an eight-hour day in which the usable output was 300 units, produced by three workers who used 600 pounds of materials. Workers have an hourly wage of $20 and material cost is $1 per pound. Overhead is 1.5 times labour cost.Question 4A health club has two employees who…For each term, explain the definition or calculation, and explain this concept to someone who is unfamiliar with it (try to use a real life example). a. Fixed cost b. Variable cost c. Total cost
