the stage of increasing returns, there is   a. Abundance of variable factors   O b. Abundance of fixed factors   O c. Improvement in technology   O d.Overuse of the fixed factor

Q: Explain the concept long run in production time frame

A: In an economy, market condition is analyzed in two periods that are short-run andd long-run.

Q: 22. Opportunity cost is A. a foregone return for haw ing chosen an altern ative Not a lost income B.…

A: Opportunity Cost: Opportunity cost is a significant idea that goes under financial aspects.…

Q: 4. Ball Bearings, Inc., faces costs of production as follow Quantity Total Fixed Cost Total Variable…

A: given that, total fixed cost and total variable cost we have to find firms profit or loss and was…

Q: 124. The effects of the Experience curve are mosă pronounced (important) throughout stage of the…

A: Product life cycle means all the stages in product life which continues from the introduction of the…

Q: Answer saved What is the average variable cost? Marked out of 2 P Flag question Select one: O a. AVC…

A:

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

A: The average variable cost (AVC) is the total variable cost per unit of output. This is found by…

Q: a) Does the product function provide constant, increasing, or decreasing scale benefits? b) Kjell…

A: x = 100N0.8K0.2 When both inputs are doubled, new production function is x* = 100 x (2N)0.8(2K)0.2 =…

Q: The figure below depicts the production function of grain for farmers under average growing…

A: In a year of a bad drought, the production curve can turn downward for a large number of farmers.…

Q: 10. For the cost function CC) = 100 - 20 -302 the average foxed cost of producing 2 units of outout…

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

Q: Given: TR = 193Q -4Q² TC = 1/3Q³-12Q²+179Q+100 (A). Find Q to get maximum TR (Notes: Use 3 digits…

A: Answer;

Q: Production Total cost 80 1 100 2 115 3 140 4 170 210 Assume that these are the costs of production

A: In perfectly competitive market, firms produce identical goods. Firms do not have any control over…

Q: PRICE MARGIN AL ТОТА AVER AGE WORKE AVER AGE MAR GINA OUTPU AVERA ТОТА MARG INAL Т (Total | (P)…

A: A production function uses the factors of production (like labour, capital, technology, raw…

Q: Inder which of the folowing axamples is tlikaly that the accounting profit is positive and the…

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

Q: Fillipe quit his old job where he had been earning $2,000 a month to start his own business. He also…

A: Salary = 2,000 Income from business = 1,000

Q: The change in ourtput or total product the business would achieve in the current period byexpanding…

A: Production of a firm is the process through which the inputs are used to make the final output.…

Q: Menemenspor Company needs to determine the production plan for the 3 periods whose demand values are…

A: a) The number of items that a worker can produce in a day shows per day productivity of a worker. It…

Q: Dan wants to expand his business and use the 5 acre property he owns and rents to a local cattle…

A: Implicit cost refers to the opportunity cost of resources, which are owned by the firm or an…

Q: w of diminishing returns

A: Explanation: It primarily associates the rise within the variety of labor hours with the subsequent…

Q: Input Product Product Product 14 7.0 15 24 32 39 7.5 8.0 12 3 4 8.0 10 5 7.8 45 7.5 50 7.1 Jaing the…

A: LABOR INPUT TOTAL PRODUCT MARGINAL PRODUCT AVERAGE PRODUCT 1 7 7 7.0 2 15 8 7.5 3 24 9 8.0 4…

Q: Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0…

A: A firm is an entity that plays the role of a supply-side participant in the market. A firm…

Q: A microbrewery was built in 2014 at a total cost of $650,000. Additionalinformation is given in the…

A: Weighted index for 2020 (in terms of 2000 indices) can be calculated as follows.

Q: Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0…

A: In a market, producers have to face various constraints such as cost minimizing or…

Q: gn ru

A: The long run is a concept in which all markets are in equilibrium, and  all quantities and prices…

Q: Q5. Construct the Fisher's "Ideal" weighted aggregative price index number for 2018 and 2019 from…

A: Laspeyres Price index (P01) L: ∑p1q0 / ∑p0q0 × 100 Paasche Price index (P01) P : ∑p1q1 / ∑p0q1 × 100…

Q: What is the impartance of eatimating the aver age Cost, Tatal Cast . average Fixed Cast, tatal…

A: The firms, and businesses are the entities which are considered to be important contributors to the…

Q: Quantity of labor Total product (workers) (lawns mowed per week) 1 30 55 75 80 82 Kenya owns a lawn…

A: Marginal product is the change in total product with respect to change and labour inputs.

Q: 1th - Which of the following costs does not include wages? a) Constant B)…

A: Constant costs or fixed costs are the costs when no output is produced. Output can only be produced…

Q: b) Discuss and explain the concept of positive return to scale showing it relationship with the…

A: Output TC of Firm 1 TC of Firm 2 TC of Firm 3 AC of Firm 1 AC of Firm 2 AC of Firm 3 1 100 25 50…

Q: Until what a firm should continue to increase its production in order to maximize profit? a) Total…

A: The goal of almost all firms is to maximize profits. A firm can maximize the profits by selling a…

Q: This is the answer plz write Clear hand written Y=5K0.5 +3L Multiply k & L by X = 5(X k) ⁰.³ + 3…

A: We need to check for the returns to scale ik this question.

Q: abour                    total product 0                             0  1…

A: "Factors of production are resources that are used to produce a good or service." There are various…

Q: business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent…

A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods…

Q: cies? Please explain na

A: The different types of efficiencies are allocative, productive, social,X, technical and dynamic.…

Q: a. Define explicit costs and implicit costs.   b. Assume the following: * A firm buys a unit of…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Quentity of ouput e of cookies per hour) Total produ Quanlity of Input (of workers) O increasing…

A: Answer is given below

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: 2. Which one of the following is average total cost (ATC) if the output is 100 units and total cost…

A: Average cost or unit cost is equal to total cost divided by the number of units of a good produced…

Q: In the short term, the company produces 800 units of production. The average variable costs (AVC) 93…

A: Total cost (TC)= Total variable cost (TVC)+Total fixed costs(TFC) Total Variable Cost=Average…

Q: a) Explain The Law of Diminishing Returns. b) Distinguish between the terms short run and long run…

A: In the production process, different inputs are used to produce the final output. Each input has its…

Q: A firm is producing 20 units with an averagetotal cost of $25 and a marginal cost of $15. Ifit…

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

Q: A firm in a purely competitve industry has a typical cost structure. The normal  rate of profit  in…

A: (a) Rate of return is calculated as follows. Rate of return is 10%.

Q: nanufacturer of hospital supplies has a uniform annual demand for 180,000 boxes of bandages. It…

A: Supply and demand represent the working of a market and the cooperation among providers and…

Q: A graph represented by a straight line parallel to the output of the X-AXIS is an image of which…

A: The cost of production is classified on the basis of the factors of production. The total cost is…

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A: given bond face value = 1500 time = 10 years coupon rate = 15 % current price = 1390

Q: Yverrry is earning $200,000 per year as medical sales representafive. Due to the covid pandemic, she…

A: Accounting profit = Total revenue - Explicit costsEconomic profit = Total revenue - Explicit costs -…

Q: 22. Ahmed's Pizza House sells extra-large deluxe pizza at OMR 9,000 per pizza. The cost of…

A: The average fixed cost is calculated as follows.

Q: In the table, the marginal product is greatest when the Total Product, Marginal Product, Average…

A: Answer to the question is as follows :