The per-unit cist of an item is its average total cost=(=total cost/quantity). Suppose that a new cell phone application costs $100,000 to develop and only $0.70 per unit to deliver to each cell phone customer. What will be the per-unit coat of the application if it sells 100 units? What will be the per-unit coat of the application if it sells 1,000 units? What will be the per-unit cost of the application if it sells 1 million units?

Q: Which of the following is true:     A. Long Run Average Total Costs are always smaller or equal…

A: The first statement is True. This is because in long run, all factors of production are variable and…

Q: Every year, Danielle Santos sells 53,856 cases of her Delicious Cookie Mix. It costs her $1 per year…

A: N = 53,856 F = 748 C1 = 1 C2 = 4

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

A: Answer- Need to find- If Mark produces five pairs of earrings, his total costs are Given in the…

Q: regarded as costs by accountants but not by economists. B. payments that a firm makes to other firms…

A: Economic profit= total revenue- total cost

Q: The per-unit cost of an item is its average total cost (=total cost/ quantity). Suppose that a new…

A: Here, the per-unit cost of an item would be defined as an average total cost which is calculated as…

Q: There are economies of scale in ranching, especially with regard to fencing land. Suppose that…

A: fencing cost = 11000 per mile a. total miles = 1+1+1+1 = 4 Total cost = 4 *11000 = 44000

Q: The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new…

A:

Q: Calculate the multifactor productivity in dollars per dollar for the following: 6660 units produced,…

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A: please find the answer below.

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Q: Select choices which are true about Total Costs.  (Select all that apply.)   Question 38 options:…

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Q: Average Total Cost (Dollars per bike) Number of Factories Q = 25 Q = = 50 Q = 75 Q = 100 Q = 125 Q =…

A: Quantity SRATC1 SRATC2 SRATC3 LRATC 25 130 165 200 130 50 100 120 140…

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Q: Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

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

Q: A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³…

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A: The table shows output and AC:

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A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

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A:

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A:

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Q: 1a) Suppose a firm’s TC = 50Q.75. What is Marginal Cost for the 100th unit of production? Use a…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: Average Total Cost (Dollars per bike) Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q…

A: Note: I am answering the 2 parts only. For the graph part, the complete information to plot the…

Q: Which of the following is considered an implicit cost? PLEASE EXPLAIN.   A. Use of your labor…

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Q: Suppose a Cobb-Douglas Production function is given by the function: P(L,K)=8L^0.7K^0.3 Furthemore,…

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Q: m estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total…

A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…

Q: .Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

A: Accounting profit can be calculated as follows:

Q: Jason owns a lamp store. His total costs are $145,000 per year, and his fixed cost are $19,200. His…

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Q: Define returns to scale and its implications for production decisions.

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Q: Consider the accompanying breakeven graph for an investment, and answer the following questions.(a)…

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Q: What do a firm's opportunity costs of production amount to?   Question 13 options:   explicit…

A: Opportunity Cost is the value of next best alternative sacrificed.

Q: The additional cost of producing one more unit of output is calicu

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Q: Which of the following is true: Long Run Average Total Costs are always smaller or equal to Short…

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Q: The cost formula for a company can be modeled by C=1092+40x+0.1x2C=1092+40x+0.1x2 where xx…

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A: In the short run, the optimal production occurs at the following point. MR = Price of input / Price…