Y = 2X{X} WHICH OF THE FOLLOWING ASSUMPTIONS APPLY TO THIS RELATIONSHIP. INCREASING RETURN TO SCALE DECREASING INCOME TO THE SCALE FIXED RETURN TO THE SCALE
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- Graphically Represent and analyze the interrelationship between the short run costs Units TFC TVC TC AFC AVC AC MC 0 24 0 1 24 28 2 24 54 3 24 75 4 24 96 5 24 126 6 24 168 7 24 214 8 24 264.SuProse a liim hus revenue R=15t- 5q2 und (Ost (= 93-13.5e+ 50+ 40. Make a sketch of average Variable cOst, marginal (ost and maigina fevenue.The slope of an isoquant is A. ΔLTC / ΔQ B.-ΔK / ΔL. C.ΔTVC / ΔQ D. None of the Above
- define economic of scalesuppose the Total Revenue function for a product is given by R(x)=V0•1x+0-2x² (R-4,x--u) a) Find the Rate of change in Tota) Revenue or Morginal Revenue . a) b) Find Margina) Revenue nhen x=4 units are sold and slate nhatitpredicts for the sale of the next unit c) Firid the Actual change in To tol Revenue uhen productm Level is ingeased from 4 to 5 units di Esplainany discreponcy hetncen parls (1) and (c)resuHs mathemohie ally / Graphically d)If r increases, C and w unchanged, the isocost will shift parallely to the right shift parallelly to the left pivot towards point of origin pivot away from the point of origin
- Total Fixed Total Variable Labor Output (workers) (units per day) (dollars) Cost Cost (dollars) 20 20 20 20 20 20 25 50 75 100 125 2 19 13 4. 16 1STotal Fixed Total Variable Output (workers) (units per day) (dollars) Labor cost cost dollars) 20 25 50 20 20 13 16 31 100 4. 5.Please give me correct answer with calculation otherwise i give multiple downvote
- 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 980Product Variable Input The diagram of product curves suggests that Multiple Choice ооо when marginal product lies below average product, average product is rising. when total product is at a maximum, so are marginal product and average product when merginal product is zero, total product is at a minimum. when marginal product lies above average product, average product is risingTotal Fixed Total Variable Labor Output cost (workers) (units per day) (dollars) 20 20 20 20 20 20 Cost (dollars) 13 16 18 25 50 75 100 125 4.
