The average total cost of producing shoes will, as businesses increase production. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a always increase b always decreases eventually increase

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: A large-scale company is planning to install a factory to produce __________. As the operations…

A: Factory layout means how equipment, machinery and human resources are allocated in the production…

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A: Marginal gain is the additional output produced from employing an additional unit of input

Q: Consider a production function Q=5K0.75L0.25 , target level of production=5000, cost of labor= 0.5…

A: As given Production Function is Q = 5K0.75L0.25 Cost of labor = 0.5 and rental cost is 0.10

Q: Demand Factor Initial Value Average American household income $40,000 per year Round trip airfare…

A: Demand refers to the quantity that c consumer wishes to purchase at a given price in a given period…

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Q: AA newconnect.mheducation.com McGraw-Hill Connect tals: Homework i Saved The table below describes…

A: The total cost is the amount incurred in the production of good or service whereas the marginal cost…

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Q: while taking decisions there are different kinds of constraints related to resources,…

A: In economics, choice refers to decision making process of an individual (consumer of producer)…

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: The first unit of a product took 1,000 hours to build and the learning curve is 85%. How long will…

A: To produce the first unit takes 1000 hoursTo produce second unit = TN=T1(Nb) T2=1000×(2log2 0.85)=…

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: Mauricio has a circus act, and he has a budget of $720 to spend on monkeys and unicycles. The cost…

A: The budget of the person is given as $720. The cost of unicycle (U) is $120 and that of monkey (M)…

Q: need all soltions step by step #3 Please show all work.

A: Demand curve shows quantity demand as a function of price.  Inverse demand curve shows price as a…

Q: Explain why understanding the cost curves and various types of costs is important for businesses…

A: The expenses that are being incurred for running a business and carrying out various transactions of…

Q: On which factors does total cost for heating or air conditioning a building depends?

A: The sum of all the costs of producing a certain level of output incurred by a company is known as…

Q: The only variable input a janitorial service firm uses to clean offices is workers who are paid a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Economics A company sells apples. Annual demand is 20,000, the order cost is $150.00 and the holding…

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Q: Raphael is a hard-working college junior. One Tuesday, he decides to work nonstop until he has…

A: We have given the following table which illustrates the number of problems solved in each hour.…

Q: Using an example , explain the production proces

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

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

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

A: Marginal benefit is defined as the additional benefit received by an individual when he consumes or…

Q: Refer to the accompanying table below. The marginal cost of the 4th unit of activity is: Units of…

A: The marginal cost (MC) is the cost incurred when one extra factor is employed in the production. IN…

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: irs of shoes their total cost is $500. Elliot's arginal cost to produce the 31st pair of shoes is 1.…

A: Average total cost = total cost/quantity Marginal cost is the additional cost incurred in order to…

Q: Larry is a hard-working college senior. One Tuesday, he decides to work nonstop until he has…

A: Marginal gain refers to the additional gain or a condition where profit is earned by a firm by…

Q: Discusses the optimization

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A: Given: Answered=66 problems Work starts at=8:00 AM

Q: 11.2 The cost, in thousands of dollars, of airing x television commercials during a sports event is…

A: Given information The cost function; C(x)=20+3000x+0.01x2 By doing first order differentiation of…

Q: out put Total Cost 100 Fixed Case Marginal Average Cost Average VC 10+8) Co))

A: Total cost is the monetary expenditure incurred in the production of goods.  Total cost is the sum…

Q: There are 15 dozen eggs in a case. The case costs $ 22.56. What doe one egg cost?

A: A dozen consists of 12 units, so we first calculate total number of eggs 15 dozens=15×12=180

Q: An air conditioner outlet finds that if it sells x air conditioners per month, its costs will be C…

A: All the parts have been solved below.

Q: The table below describes the hourly cost Sam faces as he washes more cars.   Sam's Car Wash Costs…

A: The Total Cost is the real cost of producing a specific amount of output. In other words, the total…

Q: You own a company that produces helmets. You are currently selling 100 helmets per week. Your…

A: Quantity (Helmet) ATV ($) 100 100 101 99.95 If the price of a helmet is lower than the…

Q: According to the diagram, hot dogs cost each, and beer costs $ per glass. %24

A: 10 hot dogs cost for $30 => 1 hot dogs are priced at $3 Similarly, 10 glasses of beer are priced…

Q: The table below describes the hourly cost Sam faces as he washes more cars. Sam's Car Wash Costs…

A: Answer: Formula to be used: MCN+1=TCN+1-TCNWhere,MCN+1=marginal cost at unit N+1TCN+1=Total cost at…

Q: Jenna knits scarves and then sells them on Etsy, an online marketplace. Let C(x) =4x+20 represent…

A: (A). We have C(x)=4x+20 and the value of x should be from 1 to 6. Put values of x in the cost…

Q: (d) Find the minimum average production cost per unit and the level of production that minimizes…

A: Average cost(AC) is defined as total cost(TC) divided by the total units produced. Here, units are…

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: Brian is a hard-working college senior. One Thursday, he decides to work nonstop until he has…

A: Given; Time Total problem answered Marginal benefit 8:00 AM 0 0 9:00 AM 40 40 10:00 AM 70…

Q: ТР Number of workers Refer to the graph above. With efficient production, this firm can maximize…

A: A firm produce efficiently at where TP is maximum.

Q: The cost curve for producing widgets passes through the following points and is piecewise linear in…

A: Incremental cost of production is the increase in total cost due to increase in the production…

Q: he cost-benefit principle states that a decision should NOT be pursued  if the Select one: a. costs…

A: Cost-benefit analysis is a decision-making process in which different alternatives are evaluated…

Q: What are the advantages and disadvantages of Cost benefits?

A: Cost-benefit analysis refers to the system under which the business can try to estimate the profits…

Q: If production increases, what happens to average total cost (ATC), does it increase only, decrease…

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Q: You have decided that you want to attend a costume party as Black Panther. You estimate that it will…

A: The marginal cost is the additional cost of production when one more unit of quantity is produced.