10:00 AM 70 11:00 AM 06 100 Noon Use the table to answer the following questions. The marginal, or additional, gain from Manuel's first hour of work, from 8:00 AM to 9:00 AM, is problems. The marginal gain from Manuel's third hour of work, from 10:00 AM to 11:00 AM, is problems. Later, the teaching assistant in Manuel's physics course gives him some advice. "Based on past experience," the teaching assistant says, "worki 25 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students alw. cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent w on problems, and how many should he have spent reading? O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours working on problems, 1 hour reading O 4 hours working on problems, 0 hours reading

Suppose that Shen is a diligent hard - working first- year college student. One Friday, he decides to start the day by working through 300 practice problems to study for the econometrics class. Using a table to track his progress throughout the day, he notices that as the hours pass, takes him longer to solve the problems.Use the table to answer the following questions.

Q30

urgent please3

Please explain how you decide what level of outputs you produce given a fixed level of an input. Show this on a graph.

Use the table to answer the following questions. The marginal, or additional, gain from Clancy's first hour of work, from 8:00 AM to 9:00 AM, is The marginal gain from Clancy's third hour of work, from 10:00 AM to 11:00 AM, is 30 60 problems. problems. Later, the teaching assistant in Clancy's physics course gives him some advice. "Based on past experience," the teaching assistant says, "working on 22.5 problems raises a student's exam score by about the same amount as reading the textbook for one hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his four hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading? Four hours working on problems, zero hours reading O Three hours working on problems, one hour reading Two hours working on problems, two hours reading Zero hours working on…

Total Cost Marginal Cost (Dollars) Average Variable Cost (Dollars per pair) Fixed Cost Variable Cost Average Total Cost (Dollars per pair) Quantity (Pairs) (Dollars) (Dollars) (Dollars) 120 80 1 200 40 2 240 45 3 285 55 4 340 85 425 115 6 540 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $200, so you should start your ATC curve by placing a green point at (1, 200). For MC, plot the points between the integers: For example, the MC of increasing production from zero to one pair of boots is $80, so you should start your MC curve by placing an orange square at (0.5, 80).) Note: Plot your points in the order in which you would like them…

Briefly explain what is meant by the term "fixed costs" and provide three examples of same.  What determines a firm's level of fixed costs?

1

F25