The average total cost of the cake producing firm is 2.5 OMR and total cost of output is 450 OMR, then the quantity of production will be a. 2925 b. 180 c. 100 Od. 1900

Q: 10. If the total cost function for a product is given by: TC - 1500 + 3Q - 10 Q² + Q° And if the…

A: Given: Total cost function is: TC=1500+5Q-10Q2+Q3

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: Answer the following questions on the basis of this information for a single fifirm: total cost of…

A: Given that,              Total cost of capital = $1000 Cost of labour = $12/unit Cost of raw…

Q: TP = 500 kº.7L0.4 B = 50,000 P₁ = 300 P₁ = 500

A: We have isocost equation as B = K*Pk + L*PL

Q: A 25% reduction in labor hours is obtained with 75% learning curve each time the production quantity…

A: The concept that depicts the doubling of production level is known as the learning curve. This…

Q: 3. Show that, for the two-input CES production function 1. 1-p

A: The CES Production Function refers to a neoclassical production function that shows constant…

Q: 1. Suppose the production function for sea waters during a particular period is represented by…

A: Q = F(K,L) = 6000 K2 L2 - 1000 L3This is a given production function which explains the relationship…

Q: 4) Please indicate whether the following production function has the characteristic of CRS, IRS and…

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

Q: For a producer willing to produce 100 units of output at the minimum cost, what is the optimal…

A: Cost of production is minimized at the level where slope of isoquant is equal to slope of ratio of…

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: The total cost (TC) of producing computer software diskettes (Q) is given as TC-200+5Q. When Q-10,…

A: ATC = TC / Q = (200 / Q) + 5

Q: true or false: suppose a company has short term production function is 1 1 y = xx .3 so, total…

A:

Q: The function for total production of a certain metal at a mining operation is modeled by P(KL) = 40…

A: We are going to use profit maximization method to answer this question.

Q: 3. In the short term, a company has the following cost function and product function. C(N)= 10 000 +…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: how that the cost function for a firm with the constant returns Cobb–Douglas production function y =…

A: y = Az1a z21-a  C( p, y) = yp1a p11-a B

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…

Q: 17. A firm's total cost is $10,957 when it produces a quantity of 50. Rounded to the nearest dollar,…

A: here we find the average total cost and choose the correct option which are as follow-

Q: According to Accountants cost of production consist of both explicit and implicit cost ---- a) Yes.…

A: According to Accountants cost of production consist of both explicit and implicit cost. This…

Q: When the quantity of a variable input is increased from 3 units to 4 units the total output…

A:

Q: A certain electronics manufacturer found that the cost C to produce x DVD/Blu-ray players can be…

A: Marginal cost (MC): The marginal cost is the additional cost of producing additional unit of output.

Q: 6. Zenande believes the production of a dress requires 10 labour hours and 5 machine hours to…

A: here we calculate the cost of production and choose the correct option which are as follow-

Q: The wage rate of Zeta Corp. employees is 20 million per month, while the cost of one unit of machine…

A: The optimal level of production  is the result where the minor income got from the last unit…

Q: 2/3 1/3 Q1. Consider the production function Q = 9LKA a. What is the level of output when L 1000 and…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: 9-100L0.8 K0.4 Given the production function above assume that capital is fixed at 20 units.…

A: As given Production Function is q = 100L0.8K0.4 Also capital is fixed at 20 units that means K = 20

Q: 13. If a firm's production function is given by Q = K0.3L03 then it exhibits a. Decreasing returns…

A: Q = K0.3L0.3 where we take α = 0.3β = 0.3

Q: Define the term Manufacturing Costs?

A: Cost is the monetary value expended by a company to produce goods and services and to carry out its…

Q: Q2. A firm's production function is Q = 9LZ+1)/10K(Y+1)/10 • Find out MPL and MPK. • Find out APL…

A: The additional output that emerges from adding one unit of capital—typically cash—is known as the…

Q: If Mark produces five pairs of shoes, his total costs are   a. $400 b. $370 c. $360 d. $320

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

Q: Last year Doreen's Dairy earned a total revenue of $42 thousand from selling 7 thousand pounds of…

A: The provided information are: Variable cost = $28 thousand Total cost = $40 thousand

Q: The total cost (TC) of producing computer software diskettes (Q) is given as TC-200+5Q. When Q=10,…

A: The monetary worth of goods and services purchased by producers and consumers is referred to as cost…

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: The production function for water bottling in Lusaka is given by y=min (2K,4L). The firm has hired…

A: There are many types of production functions i.e. perfect substitutes, Cobb-Douglas, perfect…

Q: You produce fountain pens. Let MC(q) represent the marginal cost for producing the qth pen.…

A: Given Information-   In the equation below,     Here, MC(q) depicts the additional cost of…

Q: Suppose a local developer has built 24 houses so far this year at a total cost to the company of…

A: Marginal cost of the 25th house can be calculated as follows: Thus, the marginal cost of the 25th…

Q: If firm X produces 20 units of product with a total cost of 100, what is its average cost?    a)…

A: Total cost=total fixed cost+total variable cost

Q: 6. Zenande believes the production of a dress requires 10 labour hours and 5 machine hours to…

A: Production cost and Creation costs allude to the costs an organization brings about from assembling…

Q: Assuming a firm has this short-run production data below, do the following: a. fill-in the rest of…

A: MPL=∆TP∆LAPL =TPLTFC = Php2000 x KTVC = Php 700 x LTC = TFC + TVCMC =  ∆TC∆QAFC = TFCQAVC = TVCQATC…

Q: Bob's production function is Q = x,0.338695x20.129865 where x1 = quantity of labor and x2 = quantity…

A: The average cost curve is the total cost divided by the total number of quantities produced. Both…

Q: Can you please answer parts d & e below only as you have answered the first 3 parts previously:…

A: Given; Fixed cost= 50000 Average variable cost= 10000Q+Q20000

Q: Q. Table 3 above shows how output varies with only one variable input used in production. If the…

A: Here, the cost of one unit of labor is $500 To get the approximate marginal cost of the 230th unit…

Q: Q2. A firm's production function is Q = 9LZ+1)/10KY+1)/10 • Find out MPL and MPK. • Find out APL…

A: MPL = Marginal product of labor MPK = Marginal product of capital APL = Average product of labor

Q: A rainfed wheat farmer has available Rs.200. What will be the slope of iso-outlay line when, price…

A: A firm minimizes its cost of producing a given level of output by producing at a point where the…

Q: The total cost of manufacturing three types of motor cars are given in the following table: Labour…

A: Total cost can be defined as the money expense incurred in the production of a good or service which…

Q: 3(a) The cost of manufacturing motor cycles (per day) is related to number to number of motor cycles…

A: Given  Total cost in SAR:  TC=x33-200x2-50000x         ... (1) We have to find a cost-minimizing…

Q: A store sells two types of computer sleeves, A and B. The weekly demand and cost functions are Турe…

A: Here we calculate the profit by using the given demand and cost function , so the calculation of the…

Q: Question 1 A. Jamaica Biscuit Company produces 8000 cases of water crackers weekly. Based on the…

A: We use the following formulas: Total Cost = Total Fixed Cost + Total Variable Cost Total Revenue =…

Q: What’s the the total fixed costs 8 10 12 Or 15

A: Total Fixed Cost = 15