Problem 1:William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week. Workers employed Qty of pizzas produced per week 012345678 075180360600900114012601360 Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Why would marginal productivity decline when you hire more workers in the short run after a certain level? How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer.

Q: Quantity of Labor (workers) Total Product (units per hour) 0 123 4 5 6 0 259 151817 The table above…

A: Change in total product per unit change in the quantity of labor employed is the marginal product of…

Q: Those materials used in production but which not go into the finished product. Total Direct Cost…

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

Q: Question 1 The following table describes a daily production function for PINOY A Co., which hires…

A:

Q: Mr. Diddy grows and sells Pineapple. His company is named "Do it Diddy Way!!" uppose that to produce…

A: As requested, questions 5 and 6 have been answered.  Total Product of Labor refers to the total…

Q: Number of Output of Fixed Variable Average Marginal Total Average Margina Average Average Workers…

A: The total product directs to the entire portion of the outcome produced within a provided quantity…

Q: Firm Measures: Productivity, Costs, Revenues, and Profits Labor Total Product (TP) Fixed Cost (TFC)…

A: The marginal product of labor (MP) refers to an increase in total production when one additional…

Q: I need 7, 8 and 9  sub parts solved... its all part of one question. i numbered them so it was…

A: The marginal product can be calculated as follows: Average product can be calculated as follows:…

Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…

A: Explicit Costs are the actual monetary payments made during the business operations. Implicit Costs…

Q: The question is based on the following table, which provides information on the production of a…

A: It refers to the change in the total product when additional units of input are added. Marginal…

Q: Three departments-milling (M), drilling (UJ, three work areas in Victor Berardis's machine shop in…

A: Workpiece feet from M to D = 22 * 9 = 198Workpiece feet from M to S = 34 * 5 = 170Workpiece feet…

Q: Chapter 11 Production and Costs – Units of Total Marginal Product Total Variable АТС AVC MC Labor…

A: The total production process of a firm/company is an amalgamation of various costs, the optimum…

Q: (a) What is the total economic cost? (b) How would accounting and economic costs change if the…

A: Opportunity cost is the foregone benefit that arises from the alternate option that is not chosen.

Q: 2 3 4 5 7 8 Units Total Total Total Average fixed cost (R) Average variable cost Average product…

A: We know that ,  TC=TFC+TVC AVC=TVC/TP AFC=TFC/TP AC=TC/TP

Q: QUESTION 1 Table 13-16 Average Average Variable Marginal Fixed Variable Quantity Total Cost Fixed…

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

Q: Fill in the remaining cells of the following table. Average Variable Cost (Dollars per pair) Average…

A: The quantity represents the levels of output that a producer produces.   Total cost is the sum…

Q: UESTION ONE   1.1 Discuss the relationship between the three short-run total cost curves. Use a…

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

Q: In Exhibit 7-15, diseconomies of scale are shown in the range of O a. 500 to 1,000 units per week.…

A: Diseconomies of scale surface when a firm or company increases so extensively that the costs per…

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: 9. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of…

A: A company's production expenses, also known as product costs, are incurred when it manufactures a…

Q: 7. The following is cost information for the Creamy Crisp Entrepreneur's potential earnings as a…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: For each term, explain the definition or calculation, and explain this concept to someone who is…

A: Cost of production is the total cost that a firm or a business incurs for the production of goods…

Q: able 11-6 Quantity of workers Quantity of foot massages per day Fixed cost Variable cost Total…

A: We have per day fixed cost of message booth..

Q: 9) A chocolate company makes truffles using labor and capital. The company pays the workers $12 per…

A: The problem of reducing costs is, in mathematics, a problem. In limited optimization. The firm wants…

Q: The table below shows some of the costs incurred at Betty's Bakery. Complete the boxes in the table.…

A: For the computation of this table we will use following formula;  Total cost = Fixed cost FC + Total…

Q: Input Product Product Product 14 7.0 15 24 32 39 7.5 8.0 12 3 4 8.0 10 5 7.8 45 7.5 50 7.1 Jaing the…

A: LABOR INPUT TOTAL PRODUCT MARGINAL PRODUCT AVERAGE PRODUCT 1 7 7 7.0 2 15 8 7.5 3 24 9 8.0 4…

Q: Research an instance of an actual firm that has been engaged in cost-cutting measures. What actions…

A: We are considering an example of Dell EMC. Cost-cutting refers to measures executed by an…

Q: XX XX XX XX 20 4,000 40 10,000 60 15,000 80 19,400 100 23,000 a. Complete the table. b. What is the…

A: *Answer:      a.

Q: Output (units) (units) (units) (units) |(dollars) (dollars) (dollars) 1 $500 $0 1 1 10 (A). $500…

A: We know ,      TC = TFC + TVC      TC = 500+ 600       TC = $1100

Q: A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital…

A: Given: Sales revenue=$1 million Labor=$600,000 Capital=$150000 Materials=$200000 To find: Firm’s…

Q: Enack Company sells a Potato Chip product that has a constant annual de f chips. Each bag costs ABC…

A: *Answer:

Q: Quantity of labor Total product (workers) (lawns mowed per week) 1 30 55 75 80 82 Kenya owns a lawn…

A: Marginal product is the change in total product with respect to change and labour inputs.

Q: 1 2 3 4 5 7 8 Units Total Total Total Average fixed cost (R) Average variable cost Average product…

A: Total product is the total output (Q) produced by the firm. AFC is the fixed cost per unit of Q. AVC…

Q: If the price of the product is GH¢2.00 and cost per unit of labour is GH¢10.00, Complete the table…

A: The labor cost per unit is obtained by multiplying the direct labor hourly rate by the time required…

Q: 4. Problems and Applications Q4 Ball Bearings, Inc., faces costs of production as follows:…

A: The following table can be completed and written as follows by using the following formulas:TC = TFC…

Q: Suppose a company lIncurs the following costs: labor, $3,500; equipment, $900; and materials,…

A: Accounting costs are any expenses that your company has incurred.By deducting expenditures from…

Q: planning for the company. You are required to generate costs data from the equation below. C(y) =…

A: Answers   Total Cost: C(y) = 23y2 + 12y + 8   A. Fixed Cost = Total cost when y = 0   C(y) = 23(0)2…

Q: Labor Output Fixed Cost Variable Cost (Number of workers) (Units) (Dollars) (Dollars) 30 100 30 15…

A: The marginal product of labor (MPL) measures the change in total output due to a change in labor.…

Q: 29. Vanable costs: aDo not exist in the long run. b. Are the only costs that exist in the long run.…

A: Costs incurred on fixed factors that cannot be altered in the short run are called Fixed Costs. They…

Q: Marginal Variable Fixed Product Cost Cost Labor Output $0 $5 100 100 $5 250 $10 3 350 $15 4 50 $20…

A: In a market, total output and total Product are same thing and it can be computed with the help of…

Q: 4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $200 and the…

A: * SOLUTION :-  By using the formulas we write the table  AFC=FC/Q AVC=VC/Q ATC=AFC+AVC

Q: Refer to the information provided in Table 8.2 below to answer the question(s) that follow. Show…

A: Total Cost is the Cost incurred by producer when they start production it includes , Total Fixed…

Q: Lisa and Adam started a business that manufactures cutting tools. They sell the tools for $80 each.…

A: Use Formulas:   Total Variable Costs: TVC=VC x X   Total Costs: TC=FC+TVC   Total Revenue: TR=S x X…

Q: QUESTION 3 Big Boss Company produces 16 units of output at a total cost of $2,142. If the fixed…

A: Answer : Here first find total variable cost Total variable cost = Total cost - Total fixed cost =…

Q: Total Total Total Average Average Average Total Man Product Fixed Variable Fixed Variable Total Cost…

A: Total cost is the sum of fixed cost and variable cost. Marginal cost refers to change in total…

Q: I need 4,5, and 6  sub parts solved... its all part of one question. i numbered them so it was…

A:

Q: Find the value of A. Quantity Total Cost $5,000 Fixed Cost Variable Cost Average Total Cost Average…

A: The sum of fixed cost and variable cost makes total cost.

Q: In the table, the marginal product is greatest when the Total Product, Marginal Product, Average…

A: Answer to the question is as follows :