Q: When output increase then difference be- tween TVC and TC
A: # We must first know that the total cost of the firm is the sum of variable and the fixed costs.…
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Q: b. At a product price of $42.00 (i) Will this firm produce in the short run? (Click to select) v…
A: Product price of $42.00 The firm will produce in the short run- Yes It is preferable to produce and…
Q: Lt a product price of $56 Vill this firm produce in the short run? ii) If it is preferable to…
A: Short run is defined as the time period in which atleast one of the factors used is fixed and others…
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Q: The difference between TC and TVC falls with increase in output True / False
A: Total cost is given as the sum of Total fixed cost and total variable cost. TC = TFC + TVC
Q: Difference between short and long run energy demand.
A: The responsiveness of a goods supply or demand to a change in price is measured by price elasticity.…
Q: f current output is less than the profit-maximizing output, then the next unit produced
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Q: Is US coal business environmentally friendly? describe
A: On an energy content premise, U.S. coal utilization topped in 2005, however the absolute yearly…
Q: What can we say a firm receives if the price exceeds the marginal cost? Group of answer choices A…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Graph the ATC and MC below and explain
A: The marginal cost (MC) represents the additional costs incurred in producing one extra unit of the…
Q: Some producers do not stop their production when they face loss in their production. Why?
A: Shut-down decision signifies a short-run decision taken where a firm decides whether to operate or…
Q: 49. The long run is a A. O Period of three years or longer B. O Period long enough to allow firms to…
A: Long run refers to the period of time where there is no fixed cost and all the factors that are…
Q: The differences between average total costs and average variable costs declines as a firms output…
A: The difference between average total cost and average variable cost declines as a firms output…
Q: 3. For the technologies y=min{x.4x, } and y=+x, compute: a) the total cost and the cost of…
A: (i) Total cost is the sum total of fixed cost and variable cost, corresponding to a given output…
Q: A firm's economic profit is equal to a. total revenue minus accounting profit. b. accounting profit…
A: Explicit cost is the actual monetary expenditure. Implicit cost is the opportunity cost of doing any…
Q: The MARKET PRICE for berries is currently at $75 per metric ton. Green Berry farms is currently…
A: Green Gardens Berry farms (quantity in metric tons) Quantity of farmworker TVC TFC TC MC 1 3 45 20…
Q: 3. Suppose a firm has a well-behaved technology and it can produce 38 units of output using the…
A: When it comes to manufacturing decisions, the company is now constrained by technological limits. At…
Q: Answer TRUE or FALSE a) Output per person employed; output per hour worked; output per hectare are…
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Q: 51. Which cost increases continuously with the increase in production?
A: To find : Which cost increases continuously with the increase in production.
Q: Why do different resource owners obtain different profits, even when operating in the same industry?…
A: Resource owners are the agents that provide resources in the production process. They include labor,…
Q: In western Kansas, corn can be grown in ways with or without irrigation. Dryland farmers, who do not…
A: When there are two or more producers, the price charged is equal to the minimum LAC of the producer…
Q: For each of the following examples, explain whether it is a case of external or internal economies…
A: - External economies of scale happen when the expense per unit of result relies upon the size of the…
Q: China Production Possibilities Product A B C D E F Apparel 20,000 16,000 12,000 8,000 4,000 0…
A: China Production Possibilities Product A B C D E F Apparel 20,000 16,000 12,000 8,000 4,000 0…
Q: Output Total Cost $4.00 1 $7.00 $8.00 3 $12.50 4 $17.20 $22.00 $29.00
A: The production of goods, and services is done by the sellers, who are considered as the producers.…
Q: 10. All-Leather is a leather tanning company in Chicago. Its total cost function is C(QA) = 130 +…
A: C(QA)=130+6QA+2QA2
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A: The firm will enhance its profit by employing more variable input to create more output as long as…
Q: An example of technology is a) earning plumbing certification Ob) new patent c) degree in finance…
A: Technology is a scientific method and knowledge which is used for the practical purposes.
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A: Any change in Fixed Cost does not affect the Variable Cost and Marginal Cost. Therefore, a tax on a…
Q: Firm A Firm B Firm C Price where output is equal to zero (R) 2000 1500 60 Profit maximising price…
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Q: The car industry consumes a large portion of the steel market. What kind of cost industry is it? A…
A: In a market, a firm can be increasing, decreasing or constant cost industry, according to change in…
Q: The diagram below suggests that the farmer will break-even if output is units. PhP MC ATC 24 P = MR…
A: Fixed costs are expenses that do not change independent of a company's level of output. Rent, fixed…
Q: Rev conts Com Peverun 100 400 Figure 2 14) Based on the information in Figure 2, the total fixed…
A: Total Fixed Cost is the amount of money which is spent by the business without any business…
Q: How do you think changes in technology will affect the market structure of the power generation…
A: Market structure: It means the degree and nature of competition in the market.
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A: Price elasticity of demand refers to the responsiveness of quantity demanded to a change in the…
Q: Evaluate the view that the main goal of firms will always be cost minimization. 2. You are…
A: 1. Every organization works with the primary motive of maximizing its profit. In order to maximize…
Q: $10 MC ATC 9 8 AVC 7 2 1 2 3 4 5 6 7 8 9 10 Quantity (in 1,000s) What is: (1) AVC at 6000 units of…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: FC VC AVE TC MC OUTPUT 10 2. 10 16 4. 36 40
A: Total cost is all the expenditure done by producer in the process of production. The cost are of two…
Q: 2. Economies of scale are achieved when... a) Supply consistently exceeds demand b) High energy…
A: Economies of scale refers to the phenomenon when more units of a good can be produced on a larger…
Q: 5. A toy factory has an annual demand for 20,000 of tops. It cost $1.50 to store one top per year.…
A: The given constraints are k=1.5, g=3.5, f=500, M=20000 Total cost function…
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A: The phrase "cost analysis" refers to a mensuration of the cost-output relationship, i.e., economists…
Q: 1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs. 100.…
A: Marginal cost is the change in total cost or total variable cost per unit change in output.
Q: Brief information about the Trend of “Cocooning” (spending leisure time at home rather than going…
A: Cocooning is described as a term in which individuals practice spending the time of leisure at home…
Q: A firm is deciding between two different sewing machines. Technology A has fixed costs of $500 and…
A: In this case, the firm has two different technological options where technological option A is the…
Q: The vertical distance between ATC and AVC is equal to TVC O AFC
A: 1. ATC = AFC + AVC Therefore AFC = ATC – AVC 2. AFC curve is downward sloping with increase in…
Q: a. Sketch the long-run cost curve of a representative firm. b. Show the current conditions by…
A: (a) In the question, the LR costs of the representative firm is given - Capital costs = $ 40 per…
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- Can you please assist with this? Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3 20 4 240 5 24 6 660 160Why Law of diminishing return is more applicable in agriculture sector?Question: Indicate whether the following statemnts are true or false:- a) If the firm increases the volume of used resources by 30%, and the volume of production thus increases by 20%, then there is a positive effect of the production scale. b) Average fixed costs decrease as production increases. c) The economic profit usually exceeds the accounting profit. Thanks!
- Printer quotes a price of a birr7500 for printing 1000 copies of a book and birr.15000 for printing 2500 copies. Assuming a linear relationship and that 2000 books are printed.(A)What is marginal cost of the last book printed.(B)Calculate ATC,AVC,AFC2Help plzZodiac Furniture is considering the production of anew line of metal offi ce chairs. Th e chairs can be producedin-house using either process A or process B. Th e chairs canalso be purchased from an outside supplier. Specify the levelsof demand for each processing alternative given the costs in thetable. Fixed Cost Variable Cost Process A $20,000 $30Process B $30,000 $50Outside Supplier $0 $50
- List a chart with Numbers of the Economic Lost of Wind turbines due to environmental ConcernSuppose the firm can get a bank loan at 16% interest to finance is 40 million are in the project will the firundertake the projectPlz answer ASAP. I will give you a positive rating List down 10 advantages of exporting instant hot chocolate drink to big countries? (exp, based on population or demand)
- A publishing company sells 400,000 copies of certain books each year. It costs the company $1 to store each book for a year. Each time it must print additional copies, it costs the company$500 to set up the presses. How many books should the company produce during each printing in order to minimize its total storage and setup costs? (a) The company should producen______books each printing in order to minimize costs.What is a production technology?Plz do this question asap