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- of 20) - Goog e Chrome oho?attempt-18127038.cmid3D8792928pa NG SYSTEM (ACADEMIC) ples of Microeconomics Spring21 Time left 0:18:1 Which of the following statements is FALSE? O a. The maximum price people are willing to pay for one more unit of a good is its value. O b. Agood's marginal benefit is the maximum price people are willing to pay for another unit. O c. The value of one more unit of a good is the good's marginal benefit. O d. None of the above because all the statements are true. NEXT PAGE e to search Address DELLPlease help in fillin out this table and kkindly provide the caluclations used Picture is attatched thank youTable 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. What is the value of M? a. $50 b. $140 c. $360 d. $410
- Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980mod/quiz/attempt.phptattempt=1361376&cmid-7052138page-13 E-learning System (Academic) inciples of Macroeconomics || Fall20 uestion 14 Blu-ray disc players, iPhones, and hybrid cars are generally considered to be Not yet spoob inswered Select one: Marked out of O a. intermediate 1.00 O b. service Flag question O c durable O d. nondurable Previous page Time let uiz navigation 6 Type here to searchTable 13-7The Flying Elvis Copter Rides Quantity TotalCost FixedCost VariableCost MarginalCost AverageFixedCost AverageVariableCost AverageTotalCost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. Fill in ALL THE VALUES FROM A to R in the table.
- For the EUAW Select one: a. Both of above O b. Output is positive and input is negative c. Input is negative and output is positiveA conpetidive fimis praduction fonctian is 1/3 10t x-1220)"3, The price of the input %3D 20 is :) Show Ahat the firim's tatal (2at etg cly) cuSve s (y-10)- a dhow thot the minimum 2f the bso monginal and the wninimum (2st. Cuve is at the outaage =15 Cast CUnve is at 3 Detensine the finm's dupkiy function A)There are two approaches to determine profit maximizing level of output (1) total revenue - total cost approach and (ii) marginal revenue-marginal cost approach. In light of the marginal revenue-marginal cost approach and the following graph, at the profit-maximizing output, total profit is: MC MR ATC AVC Dollars
- Give atleast short definition about the statement of the problem given below.The condition that arises because the availableresources are insufficient to satisfy wantsSelect one:O aa. ScarcityO b. DeflationO c. CredibilityO d. RationalityArea of original paper 3.1.1 Complete the table above. lal paper change as htandia fokcs oto dsfterent laalves? wa the or th glain your anawer Describe he kind of relationahip between the ares of the original paper and the aumber of folds. 3.1.3 4. Mr Majola owns a shop where he repairs household appliances. He woulid like to buy a cell phone so that he can contact his customers after their work is done. Two different cell phone providers forwarded quotes to him upon request. Cell phone provider SAVE MORE quoted R80 per month and R2,50 per minute. Cell phone provider CASH IN quoted R100,00 per month and R2,00 per minute. Look at the incomplete table below: Airtime in minutes: t 10 20 30 40 50 60 SAVE MORE'S cost in rands: CM 80 105 130 155 Ass 380530 CASH IN'S cost in rands: Ca 120 140 160 240 340 460 100 4.1 What does the table above show? 4.2 Write down the symbol which represents the independent variable. 4.3 Where does the value 80 in row 2 come from? 4.4 Explain the situation if…
