Why do different resource owners obtain different profits, even when operating in the same industry? Explain

Q: Describe how the wood charcoal (produced in Canada) would have to be adapted to suit the needs of…

A: Answer -

Q: b)  Following model was applied to manage a fish stock efficiently in the long run: Harvest…

A: Introduction Its answer is 4) Harvest function : H(E) = 100E - 3 E2 , where E is the number of…

Q: A publishing company sells 400,000 copies of certain books each year. It costs the company $1 to…

A: Average cost is total cost divided by total production while marginal cost is the change in total…

Q: Most renters and all homeowners will both need to pay monthly for a new furnace O their mortgage…

A: Households incur certain costs of living in a house.

Q: 5) If AVC = 20 & ATC = 25, then what is AFC? %3D %3D 6) If a firm produces 100 uunits of output and…

A: Fixed cost is independent of output produced.

Q: If a firm has TFC = $500, and TC = $800 when output is 20 units, how much is the AVC per unit of…

A: While producing goods and services sellers have to incur costs by paying various factor payments to…

Q: 64. In the video, which LRATC represented a larger scale of plant? Select one: O a. LRTC 5 O b. LRTC…

A: Natural Monopoly: The natural monopoly is the type of monopoly where a very high startup cost is…

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

A: Production function tells the technological relation between quantities of physical inputs and…

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: Following the given equations of costs and its supposed price, find the equilibrium costs and…

A: A perfectly competitive firm earns maximum profit by producing at level of output where Price equals…

Q: The world price of zinc has increased to the point where “mothballed” zinc mines in east Tennessee…

A: Given mine production = 20000 ton = 40,000,000 PoundSelling price = $1 per poundVariable cost = 20…

Q: Refer to the information provided in Figure below to answer the question that follow. Costs ($) TC…

A: Below is the edited graph:

Q: In the island nation of Autarka, cardboard boxes are manufactured by four rms: Andrew's Industries,…

A: Four firms in a market: Andrew's Industries, Brett's Boxes, Carla's Cardboard, and Delia's Durables…

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: Given the data provided in the table below, what is the marginal cost of producing the 4th unit of…

A: Q P TC TR MR MC Profit       Q*P TRn-TRn-1 TCn-TCn-1 TR-TC 0 $5 $9 0 - - - 1 $5 $10 5 5 1 -5…

Q: Answer TRUE or FALSE a) Output per person employed; output per hour worked; output per hectare are…

A:

Q: Given economies of scale and first-mover advantages, what prevents a first-mover from always…

A: First mover may dominate the market if it has economies of scale advantage.

Q: A breeder tells you he has determined for each 1-lb increase in weaning weight profit increases by…

A: GIVEN     A breeder tells you he has determined for each 1-1b increase in weaning weight profit…

Q: Along with many other producers, you own a small oil well. The market is very competitive. The…

A: To maximise the present value of the resource capital over the extraction period, Hotelling's rule…

Q: Quantity of Gold Bars (in thousands) Extraction Cost (in millions of dollars) User Cost (in millions…

A: We know the firm makes maximum profit where MC = MR . In this case Price is given $25000 and…

Q: a)Following model was applied to manage a fish stock efficiently in the long run: Harvest function:…

A: Harvest function:    H(E) = 80E-2E2    tons per year where E is the number of fishing boats Cost…

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

A: We have given the value of the total and marginal products at the various combinations of the fixed…

Q: The timber rights to a tract of forest can be purchased for $250,000. The harvesting agreement would…

A: We are going to find the Present Worth of this investment and Economic Value to answer this question

Q: The table shows the quantity of gold bars (in thousands) and the extraction cost per gold bar (in…

A: User cost is the cost incurred by the user or company to rent the capital assets in order to use the…

Q: Merlin builds tables that she will sell for $200 per table. Her fixed costs for building the table…

A: Note:- Dear learner you have posted multiple questions. As per our policy we have solved only first…

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.

Q: The table below contains average cost data for four different-sized plants-1, 2, 3, and 4-which are…

A:

Q: # Lumberjacks 1 2 3 4 # Trees (TP) 4 10 12 13 13 MP 4 1

A: Diminishing marginal product is the change in additional output due to change in additional input.…

Q: Eric and Kyle are fishermen with different equipment and, as a result, different costs for catching…

A: (b) It is not immediately clear what rock bottom cost combination are going to be , as far as which…

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: Economics is the discipline that deals with the consequences of resource scarcity. True False

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: $49E $43 $35 $25 FC 1 2. Reference: Ref 7-1 Given the curves shown in Figure 7-1, the average…

A: Total cost is the sum of variable cost and fixed cost  TC =VC + FC VC = TC - FC At Q=3, TC = 49, FC=…

Q: What is the future for Industry 4.0 in the post Covid-19?

A: Firms have been able to make decisions country-wise had an advantage with respect to flexibility in…

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: Suppose that the total benefit and total cost from a company are given by the following equations:…

A: TB(Q) = 100 + 36Q – 4Q2 TC(Q) = 80 + 12Q + 1.2Q2.

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: Following the given equations of costs and its supposed price, find the equilibrium costs and…

A: a. Given the ATC, calculate TC and the profit equation as below;  ATC=3Q2 +12Q+350ATC=TCQ3Q2…

Q: Along with many other producers, you own a small oil well. The market is very competitive. The…

A: The hotel law defines a total value system as a part-time job while increasing economic rental while…

Q: In the island nation of Autarka, cardboard boxes are manufactured by four rms: Andrew's Industries,…

A: Cost of production means the monetary value incurred to buy the factors of production. There are two…

Q: 1. What's the cycle time for this production line?

A: The length of a business cycle is measured from start to finish. The overall time necessary to…

Q: Could you explain that what are the essential reasons due to which the process of replacement take…

A:

Q: A small manufacturing plant makes three types of inflatable boats: one person, two-person,and…

A: Department One person boat Two-person boat Four-person boat Total labor hours in a week…

Q: Which of the following is a fixed cost for a chocolate factory over the course of a month?

A: Cost is defined as an expenditure which is required to produce or sell a product . Fixed Cost is…