The behavior of long run average cost determines what is known economies of scale, constant return to scale and diseconomies of scale. Discuss and explain that providing real world examples.      give me new answer not from internet

Q: Question:  What are the kinds of cost which firm face in short run. Explain theoretically and…

A: Short run is the time period wherein some inputs are held fixed while other inputs are variable. In…

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: Tony's Pizza Company has some missing cost data and needs your help to provide the missing data in…

A: Given: TFC = $60 Total Output (Q) TC ($) AFC ($) AVC ($) ATC ($) MC ($) 1 110…

Q: Output   Total Cost 0 15 1 25 2 33 3 40 4 48 5 58 6 70 Table 8.5 Refer to Table 8.5. The total…

A: Variable Cost varies with the units of Output. Fixed Cost remains same at all levels of Output.…

Q: (a) Define economies of scale and explain why they might arise. Define diseconomies of scale and…

A: Part (a) Economies of scale arises when the long run average total cost curve declines as output…

Q: Consider the following cost information for Yasir’s tea stall.   (Cups of tea per hour) Total…

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

Q: Quantity 1 2 4 5 6 7 Firm A 30 60 90 120 150 Firm B 75 85 90 95 100 Firm C 40 65 90 115 140 170…

A: Economies of scale are the benefits that, in some cases, can happen because of expanding the size of…

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: 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: Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for…

A: Average Fixed Cost, AFC = Fixed Cost / Output Average Variable Cost, AVC = Variable Cost / Output…

Q: Define fixed and variable costs of production. Why do you think bigger firms may have lower average…

A: Answer: Fixed cost: it refers to the cost that is constant in the short run and it does not change…

Q: Consider the following table of long-run total costsfor three different firms:Quantity 1 2 3 4 5 6…

A: Economies of Scale are the situation when a firm increases production in a large scale and cost of…

Q: Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost…

A: In case of short-run average cost functions, the firm incurs two types of costs:-Fixed costs and…

Q: Fill the Table Total Total Fixed Variable Total Costs Total Costs $100 $140 $165 $210 $295 $425 $625…

A: Total Cost is the sum of fixed and variable cost. Average Cost is the per unit cost of total cost.…

Q: Your cousin Vinnie owns a painting company withfixed costs of $200 and the following schedule…

A: Cost is the expenditure incurred by firms on the production of goods and services. Production costs…

Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000…

A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas…

Q: Problem 2, From the data given below, calculate: O Average fixed cost, (ii) Average variable cost,…

A:

Q: Question 1 Refer to the information provided in Table 8.2 below to answer the question(s) that…

A: TVC = TC- TFC TVC = AVC*Q TC = ATC*Q TFC = AFC*Q Quantity TVC MC AVC TFC TC AFC ATC' 0 0…

Q: Illustrate and explain the following concept: Least cost factor combination using isoquant curve…

A: A firm produces a particular quantity of a good or service at each of the alternative factor…

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: Note: Plot your points in the order in which you would like them connected. Line segments will…

A: Suppose Ike's Bikes is currently producing 100 bikes per month in its only factory. Its short run…

Q: variable costs (AVC), average total costs (ATC), and marginal costs (MC) to fill in the missing…

A: Fixed cost refers to the cost that stays same at all levels of output. Variable cost is the cost…

Q: he cost a company incurs each month when it produces q pairs of shoes. Graph the average cost and…

A: AC(average cost) is the ratio of TC(total cost) and q(quantity). MC(marginal cost) is the derivative…

Q: Average Total Cost ($ per tablet) Number of Factories Q=100 Q=200 Q=300 Q=400 Q=500 Q=600 1 400 300…

A: Given information Q Factory1 Factory 2 Factory 3 100 400 540 720 200 300 350 400 300 200…

Q: il to his long run average cost of production ter than his long run average cost of production than…

A: Economies of scaleLong-run ATC falls as yield increments. Diseconomies of scale Long-run ATC ascends…

Q: 4. Questions and Diseconomies of scale The law of diminishing marginal returns erence between the…

A: Law of diminishing marginal return applies to short run where at least one factor is fixed

Q: Frank pays 50,000/year in fixed costs. If his shop sells Q cups of tea in a year, the other costs…

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

Q: a. Complete the following schedule, if the fixed cost = BD 700. (Note: you will receive full marks…

A: Here, output and total cost is given with the fixed cost of BD 700 and the formulas related to other…

Q: 2. Derive the long run average total cost curve and show minimum efficient scale on it.

A: Total Cost curve(TC) is the cost that is incurred in the production of goods in firms. It consists…

Q: Jacob, a chef who lives in the community, is really excited to start his own cookbook. He found a…

A: STEP 1: The break point is the point where a firm neither earns profit nor incur loss. At this point…

Q: Output Total Fixed Cost Total Variable Total Cost Average Fixed Average Variable Average Total…

A: Total cost is the sum of total fixed cost and total variable cost. Average cost is the per unit cost…

Q: Your cousin Vinnie owns a painting company with fixed costs of $200 and thefollowing schedule for…

A: Cost is defined as an expenditure that is incurred in the production of a product or service or to…

Q: Define fixed and variable costs of production. Why do you think bigger firms may have lower average…

A: Net product costs are calculated by combining total direct resources and labor costs, and also total…

Q: d. Using the table below indicate which firm has (i) diseconomies of scale and (ii) constant returns…

A: Diseconomies of scale is occurs when the per unit cost of output increases as output level increases…

Q: 1. Economies of scale Vision Source is a cable television provider. In the long run, Vision Source…

A: Average total cost (ATC) = Total cost (TC) / Output (Q) When Q = 20,000, ATC = 700,000 / 20,000 = 35…

Q: For graphing paper #1 Y  axis =  total fixed cost (TFC), total variable cost (TVC), and total…

A: Graphical analysis of cost of production is very important as it enables us to gain important…

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: Douglas Fur is a small manufacturer of fake-fur boots in Mississauga. The following table shows the…

A: * SOLUTION :-

Q: $22 00 20.00 18.00 Which size bookstore is more likely to experience diseconomies of scale? Long-run…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Total Output 0 cases of books 1 2 3 4 Total Variable Cost $0 100 150 250 450 Total Cost $200 300 350…

A: Marginal cost (MC) measures the change in the change in total cost due to a change in quantity. MC =…

Q: Average Total Cost ($ per tablet) Number of Factories Q=100 Q=200 Q=300 Q=400 Q=500 Q=600 400 300…

A: Economies of scale refer to a situation when the firm experience a fall in the cost of production…

Q: Consider the following cost information for a pizzeria:Quantity Total Cost Variable Cost0 dozen…

A: Costs are the expenses that firms incur in the production of goods and services.

Q: AVERAGE TOTAL COST (Dollars per bike) 640 560 480 400 320 240 160 80 0 0 100 200 300 400 QUANTITY…

A: Short-run is such a period in which at least one of the factors of production is fixed whereas the…

Q: 2. As an employee of the Rays-R-Us Corporation (a solar panel company), you have been asked to…

A: a.Total cost and long run average cost for quantity 1:Total cost and long run average cost for…

Q: alculate and plot the following: No of Units                         Total Cost 0…

A: In microeconomics, there are different types of costs, like total cost, average cost, marginal cost,…

Q: Average Total Cost ($ per tablet) Q=400 Number of Factories Q=100 Q=200 Q=300 Q=500 Q=600 1 400 300…

A: As we know in the long run firm cost function are U shaped but minimum of cost goes long period of…

Q: (1) Quantity of Output, Q (units) (3) (5) (2) Total Fixed Cost (S) Averoge Fixed Cost Average Total…

A: Costs are the expenses firms incur in the production of goods and services.