You just received your midterm exam results andyour professor wrote the following note: “Youreceived a 70 on this exam, the average score. Ifyou want to improve your grade, you should studymore.” Evaluate your professor’s note

Q: IPCSB.52 A yoga studio has two big costs: rent and labor. They decide that they want to move to a…

A: A short-run production function tells us how a firm makes use of its variable factors to facilitate…

Q: Figure 1 Revenue MC and cost (dollars per unit) $40 MR ATC AVC 24 20 14 12 8 a. 55 100 150 200…

A: The marginal revenue represents the revenue fetched by a business unit on selling the incremental…

Q: Question 10 One of the following is an Administrative cost Raw materials cos! Production Ine workers…

A: When product or some kind of service is manufactured, cost  is incurred and process of business…

Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. • Prevailing price of…

A: The total cost incurred by a firm in the market includes fixed costs and variable costs. Fixed costs…

Q: ween studying Physics and ing Ecc for nis inlai grade " each class is shown in the accompanying…

A: The production possibilities curve (PPC) is a graph that shows all of the different combinations of…

Q: oly on the production of baseballs (don't ask how) and faces mand and cost situation shown in the…

A: A) Price  Quantity per week  Total Revenue  Marginal Revenue  Total Cost  Marginal cost  $20…

Q: Montresor Fortunato's PED for amontillado (a pale dry sherry) is known to be 1.78 when price is…

A: PED, price elasticity  of demand is a measure that captures the  responsiveness of a goods quantity…

Q: TC 50 TR 40 30 otal cost (dollars per day)

A: Economic profit is zero when total revenue and total cost are equal to each other.  Hence, there is…

Q: A firm is producing a quantity of 20 units. The market price is $17. The firm's variable cnt is…

A: Total revenue (TR): - it is the total amount that a seller receives selling his goods and services…

Q: AA newconnect.mheducation.com McGraw-Hill Connect tals: Homework i Saved The table below describes…

A: The total cost is the amount incurred in the production of good or service whereas the marginal cost…

Q: a. Calculate MC and MR.

A: Since you have posted a question with multiple sub-parts. We will solve the first part for you. To…

Q: the price of a Kebab is 20TL, what is the revenue when 100 Kebab is sold be the restaurant owner?…

A: When a production takes place then it happens with the help of many inputs and costs. Producers…

Q: Alan buys a basket of apples on sale for $7 before tax.  The sales tax is 12.5%.  What is the…

A: Before the tax sale price of apples = $7 Sale tax = 12.5% The total tax would be 12.5% of $7

Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. Prevailing price of…

A: Total cost = Total fixed costs + Total variable costs Average fixed costs = Total fixed costs /…

Q: Question S An auto-repair shop faces the following weekly costs: rent, $800; labour, $500 per…

A: "Every production process is associated with total costs. In the short run some costs are fixed…

Q: A5 Define Negations ( write 150 words)

A: Negation, often known as the logical complement, is a logic operation that converts a proposition P…

Q: 60000 15. Mrs. Thomas is planning on buying a food truck to sell her soon-to-be famous beef -40000…

A: 15)a) The cost of the truck would be her earnings when there are zero events. Since the earnings are…

Q: sarah earns 400 per week and spends 15% of her earning on tranpotation every week

A: Given:- Earning per week= 400 Spend on transportation = 15%

Q: Quèstion 18 How many threads can be executed at a time? Only one thread Multiple threads Only three…

A: Multiple threads can be executed at a time.

Q: Bob recently retired. A. seasonal frinti

A: Labor force = employed+unemployed

Q: Kendra bought 208 donuts for $80. Her profit was $45 once she had sold 100 donuts. Which equation

A: Kendra bought 208 donuts for $80. Her profit was $45 once she had sold 100 donuts. The equation…

Q: v Question Completion Status: 3000 2500 Maran ct 2000 1500 To pe 500 Demnd Margnaev 200 Quantity In…

A: The monopoly refers to the market form which is characterized by a large number of buyers and a…

Q: If a firm has total revenue of $30,000 for January and the cost for the month are $26000 Calculate…

A: The information being given is:- Total revenue for January = $30,000 Total cost for January =…

Q: Figure: Market for Rides Price and cost (dollars per ride) 16 ATC (for 1 firm) 12 8 Demand 4 10 20…

A: * ANSWER :-  (6)

Q: Assignment No. 11 Answer 2 d, e

A: d) Hurwicz index of optimism with α = 0.4  α is the coefficient of realism which hovers between 0…

Q: .3 R and B Railroad decided to reduce their fares to see if it would help their business. They…

A: Given, Reduction in ticket price = 25% Increase in revenue = $325,000 per month to $332,000

Q: Nick is planning on starting a mobile pizza oven. He is expecting his customers to spend $20 per…

A: Given, Price of pizza (selling price)= $20 Variable cost per pizza (variable cost) = $5 Total fixed…

Q: The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the…

A: Given information: Total number of motorbikes = 100  Total cost of production = $1000

Q: Calculate TC, AFC, AVC and MC ar

A: TC = TFC + TVC AFC = TFC/Q AVC = TVC/Q MC = Change in TC / Change in Q Q TFC TVC TC AFC AVC MC…

Q: The total revenue generated is $400 and the output is 12 units Find the value of average revenue

A: The information being given is:- Total revenue = $400 Output = 12 units  We have to calculate the…

Q: a. When three pens and four erasers were purchased, the cost was $21.25. When two pens and two…

A: As per given question:- Let  Value of pens    = x Value of erasers = y thus, 3x + 4y = 21.25…

Q: How to calculate break even point, and give example.

A: The main objective of every firm is to maximize profits. Profits are the surplus income earned by…

Q: If the price of beef was $45.00 what is the optimum number of cows and the profit or loss at that…

A: Solution:- (i) If the price is $45., the optimum level of input is 50. At this level, we get $1366.2…

Q: Please answer both sir please i will rate otherwise Dounvote I have no more question

A: Change in GDP = Change in government spending*Multiplier Multiplier = 1/1-MPC = 1/1-0.68 = 1/0.32…

Q: TR= 40Q-3 fixal Lost: 30$ aue/ cach 1 unit losts 108 find muximum profit thcet can be obfainect?

A: Answer: Given, Total revenue function, TR=40Q-3Q2 Fixed cost=$30 Variable cost per unit=$10 To find=…

Q: Suprose a liim hus revenue R=15-. 5q² und (Ost C= 93-13.5e²+50+ 40. Make a sketch of average…

A: The cost which changes with the change in the volume of output is called total variable cost. These…

Q: A seller can sells 3 diamond rings at a price of $12000 each . If he sells 4, his MR will be $10500.…

A: The price of 3 diamond rings = $12000 each Marginal revenue from the 4th ring = $10500 The price at…

Q: at is the net cost of sales for food and beverage? Indicate dollar and percentage cost. d: $354,000…

A: Computation of Net Cost Of Sales for Food Particular Amount ($) Beginning Inventory (food)…

Q: Activity 2 A manufacturing job is subject to an estimated 80% learning curve. The first unit…

A: Learning is the improvement of an individual's abilities, knowledge, or performance. Workers and…

Q: D) 600; $40

A:

Q: eglt ots wn $10.000 nd imolick cots ae $72,000, economic profit is ting profit by E

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: ment I lelhat as Cost Of producton.

A: The production involves producing the various goods and services. The production process would…

Q: ofit make up and selling costs

A: Formula for  1 . page chant  cost - Dividing the cartridge page yield by the cost of printer…

Q: Number of Employees Total Cost 500 1100 1600 3. 2000 4. 2400 2500 2600 7. 2800 3100 3500 10 4000 The…

A: Total cost is the summation of total fixed cost and total variable cost. Marginal cost is the ratio…

Q: (a) Find the marginal profit for 2800 uni

A: Given :  R(x) = −0.004x2 + 21x − 6200 C(x) = 0.02x + 38 Units=2800

Q: A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and…

A: Accounting profit = Total revenue - Explicit costs Total revenue = $1,000,000 Explicit costs=…

Q: Travel Time Each Way Price of a Dress Store (Minutes) (Dollars per dress) Local Department Store 15…

A: The opportunity cost is the next best-forgone alternative. It is the loss of the cost of an activity…

Q: Your monthly budget is $2500.00. You have been asked to save 25% of your monthly budget. Please…

A: A monthly budget refers to the monthly income of an individual. That income is then portioned into…

Q: Calculate the value of total revenue when average revenue is $77 and the no of units sold is 7

A: # The formula for average revenue is:- AR = TR/Q So TR = AR * Q