Q: Connor produces and sells Thirium (a type of mineral). When Connor produces 10 containers of…
A: Marginal cost refers to additional cost incurred due to one more unit of output of produced.
Q: What is a project? (speaking of economic engineering
A: A project (or programmed) is any individual or group effort, sometimes involving research or design,…
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A: Explicit cost is the is the actual money expenditure on inputs or payments made to outside for…
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A: Average cost measures the cost to produce each unit as an average of the total cost of production.…
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A: A cost is that the price of cash that has been spent on manufacturing one thing or providing a…
Q: Fill in the blanks. Q TC TFC TVC MC AC AFC AVC 0 0 1 10…
A: Fixed cost refers to the cost of production that remains constant that does not get altered by the…
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A: # The costs which can't me measured for the accounting purpose is called implicit costs and on the…
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Q: For the table given below. Calculate TC, AFC, AVC and MC and show diagrammatically. TFC ($) TVC ($)…
A: TC,AFC,AVC & MC can be represented as:
Q: Derek and Maria are now trying to predict how much money they will raise for their club from the car…
A: Profit = Total Revenue - Total Cost r(x) = 10x + 50 c(x) = 0.5x + 220 Profit = P(x) = r(x) - c(x)
Q: what is coasian transaction cost?
A: In environment economics, externalities are caused to any third parties as a result of a transaction…
Q: Becky and Sarah are sisters who share a room. Their room can easily get messy, and their parents are…
A:
Q: Explain the phrase - "Man must fit his technology with ecology."
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A:
Q: xport-oriented industry, ta
A: : Export- oriented industry: It refers to that industry which is more into the exporting the goods…
Q: difference of linear economy and circular economy in product wastes
A: Linear economy:- The worth of a linear economy is generated from bulk manufacturing and sales of…
Q: If a firm spends $200 to produce 20 units of output and spends $400 to produce 40 units of output,…
A: Marginal cost is the additional cost incurred to produce an additional unit of output
Q: please solve both subparts
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A: The break-even point of a business can be stated in terms of dollars of income , or items produced…
Q: Show clear and detailed solutions
A: Inflation means the rise in the price level of goods and services over a period of time. It is the…
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A:
Q: TC = Q3 – 12Q? + 100Q + 256 d. Write the equations of MC, AVC, and AFC. MC = %3D AVC = AFC = %3D e.…
A: TC=Q3-12Q2+100Q+256Here,TFC=256TVC=Q3-12Q2+100QNow,AFC=TFCQAFC=256Qand,TVC=Q3-12Q2+100QAVC=TVCQAVC=Q…
Q: If output is below full emplc True O False
A: when output exceeds full employment then, in that case, the actual rate of unemployment is less than…
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A:
Q: The value of q is supposed to be 0
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A: Explicit cost refers to out of pocket expense that is incurred in order to purchase or hire input.…
Q: TC curve Rises continously
A: To find : Tc curve.
Q: Hello, I am having issues solving this practice problem.
A: Under the substitution effect, a consumer remains in the same indifference curve. Thus there will be…
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A: Total miles driven in a year = 52000 Filter change cost = $31
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A: Note: Since you have posted multiple independent questions in the same request, we will solve the…
Q: who is responsible for executing the budgetand plansdrawn up for a firm
A: In corporate enterprises, budgeting is a collaborative endeavour involving individuals from all…
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A: Given information Cost of recording CD=$3000 Cost for per copy=$2 Selling price=$17
Q: According to Coase Theorem, transaction costs decrease as the number of people involved increases. O…
A: Coase Theorem:- The Coase Theorem is a judicial and economic theory on property ownership proposed…
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Q: Tom runs a shoe-shine stand at the airport. Tom has no skills, no job experience, and no alternative…
A: Explicit cost is the direct out of pocket expense for a firm for example wages and salaries, rent,…
Q: Cost of next best alternatives opportunity given up is called
A: We do have unlimited wants but we can't satisfy all of these due to limited resources present. Thus…
Q: Ricky's Donuts sells premium donuts. Premium donuts have toppings. The demand for premium (PR)…
A: Given: PPR= 5.70 - 0.45QPR MCPR= 0.20
Q: State the law if Diminishing Returns
A: A consumer's increased enjoyment from having one more unit of an item or service is referred to as…
Q: Would you expect two farms of widely different size to have the same fixed costs on their enterprise…
A: No, we would not expect two farms of widely different size to have the same fixed costs on their…
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- definition of economic costsFig 2.1 illustrates the law of diminishing returns in seeking the optimum system (or component) performance and hence the need to balance the performance against the cost. Give examples of two pairs of characteristics other than performance versus cost where optimizing one frequently competes with the other, and briefly explain why they do.BPO Services is in the business of digitizing information from forms that are filled out by hand. In 2006, a big client gave BPO a distribution of the forms that it digitized in house last year, and BPO estimated how much it would cost to digitize each form. Form Type Mix of Forms Form Cost A 0.2 $0.80 B 0.2 $0.40 C 0.2 $0.40 D 0.2 $1.60 E 0.2 $0.80 The expected cost of digitizing a form is $__________- . Suppose the client and BPO agree to a deal, whereby the client pays BPO to digitize forms. The price of each form processed is equal to the expected cost of the form that you calculated in the previous part of the problem. Suppose that after the agreement, the client sends an equal mix of forms of types D and E only. The expected digitization cost per form of the forms sent by the client is $___________ . This leads to an expected loss of $__________ per form for BPO. (Hint: Do not round your answers. Enter the loss as a positive number.)
- If average cost is incresing as output expands, a marginal cost equals average cost b marginal cost exceeds average cost c marginal cost is less than average cost d not enough informationNote. Don't use any aibot, will be given downvoted.What are the total costs of producing 300 LCD screens per day