Q: What is the avg variable cost of the second unit produces? Quantity total cost 0 20 1 25 2 35 3 50
A: Total Cost is the sum of fixed cost and variable costs. Total Cost=Total Fixed Cost+Total Variable…
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A: Given that, The increasing rate of Hamburgers = 30/day Cost of one Hamburgers = $1.15 The daily cost…
Q: An isoquant slopes
A: To find: An isoquant slope is:
Q: Define the term semi-variable costs?
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A: The definition of cost is the amount paid for something or the expense of doing something. Here, we…
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A: To explain the expansion using the increasing returns to sale shows that by combining capital and…
Q: The cost C (in dollars) of manufacturing x number of high-quality computer laser printers is…
A: Increasing cost can be calculated as follows.
Q: How can the calculation of the Unit-Cost be done?
A: Fixed cost refers to those costs that remain the same regardless of the level of production.…
Q: Suppose the isoquants are right angles and the kinks are on the K=2L line. The expansion path will:…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Define returns to scale and it's all aspects.
A: Returns to scale Returns to scale refers to the proportionality of changes in output when all inputs…
Q: What are the three things that must be known to compute costs
A: Cost, in simple words refers to the value of goods and and services purchased by the consumers and…
Q: (a) Find the number of hours for which each cost function will give the same cost. hours (b) !f the…
A: Fron the provided data, Acme (x); 140+10x Bell (x);200+4x
Q: Draw the isoquant map for the technology q = √LK. Be precise.
A: Isoquant shows all the different combinations of the two inputs that can used in order to produce…
Q: Within the relavant range, isoquants (a) are negatively sloped, (b) are convex to the origin, (c)…
A: An isoquant shows the various combination of capita and labor to produce specific quantity of…
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: referring to the cost table above, what is the average variable cost if quantity produced equals 400…
A: Average variable cost varies with the output produced
Q: i) If total product is increasing, the marginal product must also be increasing
A: The given statement is incorrect.
Q: A firm’s LRTC = 600Q - .5Q2 + .001Q3. At what level of output does the firm experience minimum…
A: LRTC = 600Q - .5Q2 + .001Q3.
Q: For the cost function C0) = 100 - 20 - 30, the total variable cost of producing 2 units of outout…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: How can we determine the Cost Basis?
A: Calculation of the cost basis of an investment shows the capital gain or loss on it. It indicates…
Q: With the table started as indicated below, calculate the cell indicated as an Qx stands for quantity…
A: Given; Price of variable input= $3000/unitPrice of output= $150/unitTFC= $7500
Q: What is the total cost of producing 200 units 125 150 180 210
A: Total Cost = Average Total Cost*Quantity TC at 200 units = 0.75*200 = 150 TC at 125 units =…
Q: A fast computer runs 4 algorithms per hour while a slow computer runs 2 algorithms per hour. Draw…
A: MRTS MRTS which is also known as Marginal rate of technological substitution is an economic…
Q: Theoretically and mathematical prove that the slope of isoquant curve is equal to the ratio of…
A: An isoquant is a graph that depicts the many capital and labor combinations that a firm can utilize…
Q: ompute for the missing values in the table. Show your solutions below. Quantity of Variable INPUT…
A: Total product is the total output produced. Marginal product refers to change in total product from…
Q: The of an input is the output per unit of the input
A: Inputs are any resources used in the production of goods and services. Labor (workers' time), fuel,…
Q: Describe three stages of the returns to the scale
A: According to the given question The return to scale refers to the response of the total output of…
Q: A fırm has the production function: q = 20L04K0.8 With L=20 and K=24, what is the MRTS? Provide your…
A: Given: Production Function : q=20L0.4K0.8 L=20 & K=24
Q: Consider the production function f (L,K) = 10(L + 3K) a. Draw the isoquant qo 600, being careful to…
A:
Q: You are setting up a new production line for a new type of delivery drones. You observed that the…
A: (Q) You are setting up a new production line for a new type of delivery drones. You observed that…
Q: Calculate the value of average fixed cost of total fixed cost is $750 and the no of units employed…
A: The information given to us are:- Total fixed cost of the firm = $750 Number of units employed = 18…
Q: How to calculate the Average cost of producing 1, 2,...15
A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…
Q: Q2. Determine the returns to scale of the following production function: Hand written plzz Y = 5K0.5…
A: Returns to scale: - returns to scale show the change in output due to the change in scale of…
Q: 10. A firm has the production function f(x, y) = 60x45 yl15. The slope of the firm's isoquant at the…
A: The isoquant is the slope of the firms combination of the output which can be produced with the…
Q: Solve the attachment.
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Q: A car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and…
A: Total cost = 15000 + 1000X Total Revenue = 2500 X
Q: what specific cost is the normal rate of return to a company?
A: Total fixed cost is the cost that is fixed and remains the same over a period of time. The total…
Q: e Cobb-Douglas production function Y = AKO.3L0.7 is a(n) production function, if A, K A.…
A: Constant returns to scale occurs when increase in all factors of production leads to same…
Q: Quantity of Variable Input Marginal Product of Variable Input Average Product of Variable Input…
A: Formula to find total output: Total output = Average product of variable input * Quantity of…
Q: A firm has the production function f(x, y) = 20x/5 y/5. The slope of the firm's isoquant at the…
A: The production function is given by , f(x,y)=20x1/5y4/5
Q: Determine the multifactor productivity for the combined input of the labor and the machine time…
A: Multifactor productivity is the ratio of output and combined costs of inputs and it determines the…
Q: Draw isoquant maps for the following technologies. i) f(L;K) = LKii) g(L; K) = L + 2Kiii) h(L; K) =…
A: An isoquant curve represents all the combinations of inputs (capital, labor) that produce an equal…
Q: What are some reasons we might see increasing returns to scale?
A: When the output grows by a higher percentage than the growth in inputs during the manufacturing…
Q: The CEO of Japan Moto Mobile Company asked you to cut the cost from $2.5 Million to $2 Million.…
A: Human Resources department focused specially on recruiting employees. HR has become an important…
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Q: What is the parameter in the production function in the following equation? F(K,N) = K®N} a A. N O…
A: F(K,N) = KaN1-a
Q: Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average…
A: When some product is manufactured, cost takes place and process of business gets accelerated.…
Q: Create a table and indicate whether the following costs are fixed costs or variable costs if the…
A: In any given period, fixed costs are consistent. Variable costs vary depending on how much output is…
Q: Based on the graph below, how much is the marginal product of labour of the sixth worker, if Q5=67…
A: Here, the given graph shows the number of workers and their productivity in terms of output.
What is MRTSL,K of an L-shaped isoquant? Please explain thank you!
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- What is the total cost do producing 100 units 80 90 110 120The change in fotal costjof proaucCuọn as the output or total product of the business is expanded is: LATHE Marginal cost (b) The Total variable cost (c) Average variable cost (d) Average fixed costWhat is the avg variable cost of the second unit produces? Quantity total cost 0 20 1 25 2 35 3 50