Marginal Analysis  -Definition - Explanation of the topic - Give examples  - Give rules if any - Graph it

Q: Marginal cost equals A) all the opportunity cost of producing the amount of output. B) the…

A: Marginal cost is calculated by differentiating total cost or total variable cost with respect to…

Q: At the optimal level of an activity, the activity’s marginal benefit must a. be zero. b. be…

A: The rise or decrease in the cost of producing one more item or serving one more consumer is referred…

Q: E The an organization's structure, the the span of control. Multiple Choice flatter; wider taller,…

A: Organization structure can be flat or tall and span of control can be narrow or wide.

Q: Given Monthly rent 25,000 Monthly Salary/employee 10,000 Market price of slippers 520 Total units…

A: Given, Monthly rent = 25,000Monthly Salary/employee = 10,000Market price of slippers = 520Total…

Q: Marginal cost intersects average total cost at minimum average total cost. True False

A: The price curve always intersects the typical total cost curve at its lowest point because the…

Q: At what level of production does the marginal cost have the least value? What is the marginal cost…

A: The marginal cost curve is the U-shaped curve.

Q: Discuss resource market.

A: A resource market is a market where a business can proceed to buy resources to deliver labor and…

Q: efficiency refers to 'getting the most for the least'. Multiple Cholce Economic Productive Technical

A: If all commodities and factors of production in a society are dispersed to their most desirable…

Q: computation and give illustration through diagram • Behavior of Variable and Fixed Cost • Marginal…

A: Cost is the expense incurred to any business to produce any good or services. Th cost can be broadly…

Q: A snowboard company currently hires 10 skilled employees who are paid a weekly wage of $1,000. The…

A: The cost of manufacturing 240 snow-boards by employing 10 employees to whom the company is paying…

Q: show solution

A: The cost is the expenditure that is incurred in the production of goods and services. The cost is…

Q: Give the area that represents the following Total Cost Total Variable Cost Total Fixed Cost Total…

A: Total cost is the total expenditure incurred to produce goods and services during a specific period…

Q: What determines how managers will purchase inputs?

A: Input is the factor of production used in the process of production . And determine the input by the…

Q: "Costs do not affect the market price" is this statement right or wrong? Show your work

A: Answer: According to a prior research of price determination in the market age, production expenses…

Q: Refer to Figure: The vertical distance ABis Select one: A. total cost. B. marginal cost. C. total…

A: Curve 1 is the Marginal Cost(MC) Curve Curve 2 is the Average Variable Cost(AVC) Curve Curve 3 is…

Q: Give proper answer With each MCQ explain why correct or why incorrect.

A: Game theory is the study of how interacting choices of economic actors produce results that are…

Q: The average total cost of producing shoes will, as businesses increase production. Select an answer…

A: Total cost: Total cost can be defined as the sum total of the cost that is incurred in the cost of…

Q: Example of law if Diminishing Returns

A: The quantitative change in production of a firm or industry as a result of a proportionate increase…

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: Implicit Cost Explicit Cost The rental income Raphael could receive if he chose to rent out his…

A: Implicit coast are also called non expenditure cost  Because it is cost of self owned and self…

Q: production for the individual consumer or firm will be where _________________________.   Marginal…

A: Marginal cost is the additional cost incurred with an additional unit of  output produced.

Q: Ginny is a hard-working college senior. One Sunday, she decides to work nonstop until she has…

A: The marginal, or additional, gain from Ginny’s second hour of work at each time is shown in below…

Q: The eight (8) characteristics of a goal location: Micro economics business concept

A: Micro-economics: It is a part of financial matters that review people and firms' conduct in settling…

Q: opportunity cost a

A: The value of next best alternative forgone depicts the opportunity cost (OC). It helps to take…

Q: A firm's decisions are ultimately oriented toward: -increasing total revenue -minimizing the…

A: When an individual participates in the market as a supply-side participant, he has to deal with…

Q: Give some specific examples of Product Costs?

A: The costs incurred in the creation of a product form the product cost. Product cost can be…

Q: Poornima is a hard-working college junior. One Saturday, she answered 100 practice problems for her…

A: Poomima is a hard-working junior college .one Saturday ,she decides to work nonstop until she has…

Q: Quantity Total Benefit 0 20 60 300 500 Total Cost 20 Marginal Benefit 5 Marginal Cost

A: The basic concept that will be used to fill missing values in the given table Marginal benefit is…

Q: example a(n): A. sunk cost B. out-of-pocket cost C. opportunity cost D. incremental cost

A: Marginal cost is the cost that the manufacturer spends to manufacture one more unit of the good. The…

Q: Stretch the MC, ATC and AVC curves in a diagram. Explain the reason why MC and ATC curve is shaped…

A: The marginal cost (MC) shows the incremental cost incurred when one additional unit is produced. It…

Q: Why do managers make bad decisions?

A: Managers and leaders are simply human, and people aren't ideal decision-makers, so anticipate a…

Q: I am doing a review section for my upcoming course and I am having a hard time with the concepts of…

A:

Q: difference between managerial and market coordination

A: The market coordination is an impersonal coordination, which is like people are guided to do some…

Q: Costs

A: The amount pay to buy something ie good or service or the expense which is paid to have something .…

Q: What is imperfect market

A: The market is a location where the transaction of services and commodities takes place.

Q: Evaluate the factors affecting firm behavior, such as production and costs

A: The allocation of resources in economics is determined by economic profit which relies on how much…

Q: A cost that changes with the level of production is called a(n)____cost a.variable b.average total…

A: Ans. The cost is the expenditures that are incurred during the production of the goods and services.…

Q: what are fundamental factors considered when making decisions to achieve various goals of a firm

A: Decision making is a cognitive process of selection of best choice of decision among numbers of…

Q: In at least two paragraphs, tell the class what you've learned in Business 101  and how this will…

A: Making a living or earning money via the production, purchase, and sale of items is known as…

Q: 1. Use an example , example explain the production process.

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: roblem Set 1:  Computing Total Cost, Average Variable Cost, Marginal Cost, Total Revenue wt price…

A: Given,

Q: Which of the following is included in money cost ? (a) Normal Profit

A: The expenses that a firm incurrs in order to produce a commodity is known as money cost or nominal…