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…
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A: Answer (16) Creative destruction refers to the deliberating and dismantling of old establishments in…
Q: CM stand for lowest counled materials ? true or false
A: LCM Stands for Least Common Multiple
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A: Circular flow of income:- The continual flow of products and services manufactured, revenue, and…
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A: The act of allocation in economizing The split of goods into shares or pieces is known as…
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A: Explicit costs are the costs actually paid or we can say these are accounting costs.
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A:
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A: Consumer Goods are those goods which are the basic necessity if consumers like food, clothing,…
Q: The Costs that changes with the quantity of output produced is called ……………. a) Variable cost b)…
A: Option (a),
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A: Introduction Operational activities of a company has given. Primary cost of different product or…
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A: You have asked multiple questions. We will answer the first question for you. If u want any specific…
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A: The Product modification refers to modify or change in the product or service. In simple terms, it…
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A: opportunity cost is the cost of the next best alternative foregone. It is calculated by comparing…
Q: What is imperfect market
A: The market is a location where the transaction of services and commodities takes place.
Q: Explain the economics in terms of Additive manufacture (AM
A: Production is the process of using inputs (the factors of production) to make useful output. Cost…
Q: ) At 200 units of the activity, marginal benefit is $__________ and marginal cost is $__________. b)…
A: Optimal level is determined where the Marginal benefit is equal to the marginal cost of production.
Q: Most manufacturing companies divide manufacturing costs into which three broad categories?
A: Manufacturing cost can be defined as the sum total of all the cost of resources which are used in…
Q: 1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs. 100.…
A: Marginal cost is the change in total cost or total variable cost per unit change in output.
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A: Marginal cost is the extra cost borne by the producer due to the production of extra unit. This…
Q: ) At 700 units of the activity, marginal benefit is $__________ and marginal cost is $__________. d)…
A: The equilibrium is set up where the MC is equal to the Marginal benefit. The output above this…
Q: a firms long run costs is the costs of production when the firm (a) can vary the amount of output…
A: When firms change level of production over a period of time then long run cost are accumulated. In…
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- P(t)5000t2+300t-200 models the profit P of vroom used car Dealership where t is the time in years. Evaluate p(12) and explain the meaningDescribe three best practices to observe when producing a WBS?A new chemical component is discovered with amazing properties which however is so toxic that it can not be commercially exploited for the foreseeable future. Is this an example of Creative Destruction? a. Yes. b. It depends on the market conditions. c. Impossible to say. d. No.
- Question : Your University magazine, The Indus Magazine, has fixed production costs of Rs.1.5 million per edition, and printing and distribution costs of Rs.80/copy. The Indus Magazine sells for Rs.150/copy. a) Sketch the cost, revenue, and profit functions. Comments : Kindly i need a proper sketch with solution.According Resolving Ethical issues: Since Amex does not own the Chinese factory, are they still accountable for the working conditions of its suppliers? Why or why not?ENGINEERING ECONOMICS DISCOUNT A hardware store purchased a tool of 20,000 pesos per unit. At what price should the tool be sold so that giving a 15% discount will provide them 25% profit? Please show complete solution of your answer.