Q: When output increase then difference be- tween TVC and TC
A: # We must first know that the total cost of the firm is the sum of variable and the fixed costs.…
Q: What is the eiforence beteeen accounting proft and econonic profe OA Economic proft subtracts both…
A: the correct option is a) economic profit subtracts both explicit and implicit costs from total…
Q: What s the ourence between accounting proft and economic profe? OA Economic profit subeacts both…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: jangetau ag a yod uoucoe pue agsod ag a yaud Bugunasse agsodas DA No, economic profit and accounting…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: .. 10 e QUANTITY (Thoands of jaet Suppose there are 1o fiems in this industry, each of which has the…
A: Price Quantity products shut down profit/loss 10 0 shutdown loss 20 either 0 or 3000 either…
Q: Lonsidér the fóllówing figure: Price, Costs D E MC H B A J Output MR n moving fromn the norfootly…
A: Producer surplus = 0.5*(market price-minimum price willingness to pay)
Q: baample 1 lat g= $(1,k) = ¢ K be P-30, w= 10 The prodmtion res. tind the' of tmum input gh Kambin…
A: Answer: Given production function: FL,K=L13K12 P=30 w=10 r=5 The total cost (TC) function of this…
Q: ATC MC AVC HA MR K DE Quantity Peso ABe
A: Here, the given graph shows marginal and average cost and revenue functions of a firm.
Q: Application of new better technology shifts supply leftwards. Select one: 0 a. True O b. False
A: The shift in the supply curve can be seen when the price of the commodity is not the factor to…
Q: *.When she came, the electricity (be) off- is were was has O comes
A: aNSWER IS GIVEN BELOW
Q: In ,e çompeti tive monket nhere Hhey tomand Hive morket whre Hhen femain d and fe suply function is…
A: Demand : 40-2p Supply: 5+3p Equilibrium: Demand=Supply 40-2p=5+3p 35=5p p*=7 q*=26
Q: Table 8.2 Number of Earrings TVC MC AVC TFC TC AFC ATC 100 50 95 3 46.67 300 270 Refer to Table: If…
A: Cost refers to the amount incurred by the firm in the production process to achieve the desired…
Q: O Consi der Hhe follwing Cournot medel. » The inverse femand funstion is given by p= 30-0 where Q =…
A: Dear Student as you have posted multiple sub-parts in a question but according to the policies and…
Q: Suppose that a paving company produces paved parking spaces (a) using a fued quantity of land (T)…
A: Cost minimization is a production technique used to mix the factors of production to produce the…
Q: I am trying to figure out how to do the marginal cost and how to get the total cost answers w what…
A: As per the guidelines, we only answer one question at a time. So, I am answering the first one.…
Q: e graph input toal, change the number found in the Quantity Demanded fieid to determine the prices…
A: Price (1) Quantity (2) Total Revenue (1*2) = (3) 200 0 0 160 8 1280 120 16 1920 100 20 2000…
Q: Pays for each computer a cost f v=3, The fivm hes a produotiou function Y= k+2L and needs t prodwee…
A: Option a. If we put the values of option a then we get Y = 6 but we require Y = 12 . This is…
Q: A young chef is considering opening his own sushi bat'. To do so,he would have to quit his cttt'rent…
A: Explicit costs are day-to-day business expenses that are recorded in the company's ledger and have a…
Q: Price 3) Quanty Tetal Tetal Rev 3) Marginal Marginal Co Revene (3) Cot (S) 100 100 100 10 000 10000…
A: TR(total revenue) is the product of P(price) and Q(quantity). MR is the slope of TR.
Q: Linder which of the folowing anamples isikay that he acounting proft is pasitive and the econame…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: In the accompanying diagranm, whach phase of the buniness cyde would be most cosoly asocated with an…
A: The economies around the world tend to witness different levels of growth and development. This…
Q: Gatrte ine begn operationsin Aril of the yeamaseleson cunt, utethe foewing cotecten pttem 2…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: v Question Completion Status: 3000 2500 Maran ct 2000 1500 To pe 500 Demnd Margnaev 200 Quantity In…
A: The monopoly refers to the market form which is characterized by a large number of buyers and a…
Q: Christ Embassy Complete the hollowing coA schedules LoutPutTodalcostlAverage coA Marginal cost LCA…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Why would a tirm be happy to cam zero economic protts? Because zero oeonomic profit means that the…
A: Accounting profit = Total revenue – total cost Economic profit = accounting profit –…
Q: Startung trom keng run eailium, ita suditen decrease en houtetd weath cnes a un AD th coamy…
A: Aggregate demand refers to a curve that shows the total quantity of goods and services purchased at…
Q: hat is the derence betwoen accounting proft and economic profe? DA Economic profit suttracts both…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Afcasible production combination for a firm producing/twO: outputs must.be (aOutside tlie pröduction…
A: Economics is a social science that describes human behavior regarding their unlimited wants in terms…
Q: Ajuce company has found that the marginal cost of producing x pints of hresh-4queezed orange juice…
A: Given, Marginal Cost of 'x' juices : C'(x)=0.000007x2-0.0035x+4 (in dollars) We need to find the…
Q: a sad 000E2S pag 000's spas pu do 00525 sed weal sad 005 sagar an eat ad o009 wag sa panga000$ maand…
A: An economic profit or loss is the difference between the revenue received from the sale of an output…
Q: tions: Enter your answers as a whole number. Electronics Flash Drive Production Revenues ity (8GB…
A: Answer, given below
Q: nly varable nputa jantorial service fm uses to clean offices s workers who are S10 an hour Each…
A: W Output VC AVC MC 0 0 0 1 4 10 2.5 2.5 2 8 20 2.5 2.5 3 12 30 2.5 2.5 4 16 40 2.5…
Q: The margnal oot of a product can be thought of as the cost of producing one adonal und of oout For…
A: Given: The marginal cost of producing the 10th product is = $6.20 The production increases from =…
Q: メ 4 3 3 4 po ductinn cost. ties the two proquits tejether, nhat mplicity. there is ass ume no te…
A: Production costs allude to the costs an organization brings about from assembling an item or…
Q: ☺ Suppore has funst ation flom E (,k) = ' K3. (Do not' use methat for Hhois quitim) the languan jar.…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Christ Embassy ICA CHORCHS Complete the fallowing coA schedules LoutPutioalcostlAverage coA Marginal…
A: Average cost is minimum at output 4 where AC = 20/4 = 5. MC is minimum at output 4 where MC = 2
Q: Descrbe the reonshp bitwen the unengyment rte nd the natuune ment te esten teing po andbeng ve When…
A: The answer is - A. is less than, is greater than when the output gap is positive the unemployment…
Q: Knowing what you know about char reinforce difficult concepts: O a. Addressing particular reade O b.…
A: Technical document The technical document is that document which use to explain the functionality,…
Q: comed with fü canting in O This quietion is con tinuahs tima.) Con pabent which is able to profit…
A: * ANSWER :-
Q: ® Sappore flym, has E (1,k) = ' K². (Do not' we metteat for thes gquition) pro fuition fumction Hhe…
A: Given production function Y=f(L,K)=L1/2K1/2 W= wage rate r= interest rate
Q: inder which of the folowing aamples iskaly that the accounting profit is postive and the economic…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: To answer the folloning questions, use the image below, which presents cost Information for Karol's…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: ncalting the emplament "i dr wrkeheartty seeking emplyt are a cuded de incaded. e tted the partti…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: es in the nd market are given by Q = 120- 2P, and Q2 = 240-2P2. Suppose that cons uct from cheaper…
A: In a monopolistic market, an item is delivered by just a single organization. Since there is no…
Q: SI. Which ty the fallowing atatementy ir /are TRUE Cendrining average A. AFC contimues to dedine as…
A: Average Fixed Cost (AFC) is total cost per unit of output. AFC=TFC/Output A. As output increases AFC…
Q: q bos ame imse nodudidnoo rip) aigam-Jeerigiri erlt to eelsa rlau9 aiaylens nigneM When a business…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Suppose a fiem's total variable costs are given by TVC (g) -3 g, and it has a fixed cost of 787 of…
A: Given, Total variable cost, TVC = 3q2 The total fixed cost, TFC = 787 The avoidable fixed cost,…
Q: O Consi der Hhe following » The inverse femand function is given by p= 30-@ where Q= Eit $ Cournet…
A: In the Cournot model, businesses compete on the amount of output they will generate, which they…
Q: Acandy shop puts together two prepackaged assotments to be given to trick-or-treaters on Hailoween.…
A: The equation for an iso-earning line can be given by, e=50x+40y => y=e-1.25X From the feasible…
Q: (Minimizing Loss in the Short Run) Explain thedifferent options a firm has for minimizing losses in…
A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…
Step by step
Solved in 2 steps
- Are ordeing costs and carying couts cconomic ording quantily of mathial?A firm is producing 20 units with an averagetotal cost of $25 and a marginal cost of $15. Ifit increases production to 21 units, which of thefollowing must occur?a. Marginal cost will decrease.b. Marginal cost will increase.c. Average total cost will decrease.d. Average total cost will increase.Your cousin Vinnie owns a painting company withfixed costs of S200 and the following schedule forvariable costs:Quan tityof H()usesPaintedper MonthVarialilleCosts2 3 4 5 6 7$10 $20 $40 $80 $160 $320 $640Calculate average fixed cost.. average variable cost,and average total cost for each quantity. What is theefficient scalo of the painting company?
- Consider the following cost information for a pizzeria:Quantity Total Cost Variable Cost0 dozen pizzas $300 $0I 350 502 390 903 420 1204 450 1505 490 1906 540 240a. What is the pizzeria's fixed cost?b. Construct a table in which you calculatethe marginal cost per dozen pizzas using theinformation on total cost. Also, calculate themarginal cost per dozen pizzas using the inforpmation on variable cost. What is the relationshipbetween these sets of numbers? Explain.Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?Pls answer with step with solution ty I give thumbs up..
- ! plzsolved all parts for a likeQUESTION 21. Mr. Jack is in the process of expanding his manufacturing business. He decided to opena plant in the coming year. He has four locations in mind. The costs information forthese locations is in the following table.Locations A B C DFixed Costs 60,000 80,000 100,000 130,000VariableCosts/unit 30 20 15 10a.ii. Draw the total costs lines for each location on the same axes. (Use output rangesof 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axisUnits of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0 90 0 0 0 0 3 1 4 90 20 110 22.5 5 27.5 5 3 2 90 90 40 130 1 0.444 1.444 0.233 3 3 160 90 60 150 0.563 0.375 0.938 0.286 3 4 200 90 80 170 0.45 0.400 0.85 0.5 3 5 230 90 100 190 0.391 0.435 0.826 0.667 3 6 250 90 120 210 0.36 0.480 0.84 1 3 7 260 90 140 230 0.346 0.538 0.885 2 3 8 265 90 160 250 0.340 0.604 0.943 4 If the price of the output is $1, how many units of output should the firm produce to maximize profit? What is the firm’s profit level?
