A company with two different plants manufactures guitars and banjos. Its production costs for each instrument are given in the following matrices.     Plant X   Plant Y     Guitar Banjo   Guitar Banjo   Materials $45 $28 $95 $124 =A $60 $58 $119 $120 =B Labor   Find 12(A+B)​, the average cost of production for the two plants.     = $enter your response here $enter your response here $enter your response here $enter your response here

You are given a cost function of TC(Q)= 10,000+ 20 Q Assume Q = 500, initially. What higher Q would cause average cost to be reduced by 25%? a. 1,000 c. b. 2,000 d. 700 600

A company is planning to manufacture snowboards. The fixed costs are $400 per day and total costs are ​$5400 per day at a daily output of 20 boards.       Question content area bottom Part 1 A. Assuming that the total cost per​ day, C(x), is linearly related to the total output per​ day, x, write an equation for the cost function.   ​C(x)= ​(Do not​ factor.) Part 2 B. The average cost per board for an output of x boards is given by C​(x)=C(x)/x. Find the average cost function.   C​(x)=enter your response here   What does the average cost per board tend to as production​ increases?   ​$

Consider the following chart. How much is the marginal cost when total output increases from 390 pounds to 450 pounds? Total Output Total Cost Marginal Cost (Pounds) (TC = FC + VC) 0 150 150 300 240 450 320 600 390 750 450 900 420 1050 $1.50 $2.25 $2.00 $2.50

4 parts pls

Consider an airline's decision about whether to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Total Cost Number of Passengers (Dollars per flight) 40,000 10 60,000 20 65,000 30 68,000 40 70,000 50 71,000 60 72,500 70 73,500 80 74,000 90 74,300 100 74,500 Given the information presented in the previous table, the fixed cost to operate this flight is s At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 1,000 700 30 400 90 200 100

Which cost concept is used to determine the most cost-efficient level of production? a) Average cost b) Total cost c) Marginal cost d) Variable cost

Question 22

Question 1 Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. Quantity of Output Total Cost $12 1 $14 2 $18 $24 4 $32 5 $42 6 $54 7 $68 The table above shows the total cost function for a typical firm producing hats in a perfectly competitive market. The market price for hats is $9 per hat. (a) Calculate the average variable cost of the fifth unit. Show your work. (b) What is the firm's profit-maximizing quantity of hats? Explain using marginal analysis. (c) Draw a correctly labeled graph showing the firm's demand and marginal cost curves, and show the profit-maximizing quantity of hats determined in part (b). (d) If the rent of the building the firm occupies increases, what will happen to the firm's profit-maximizing quantity of output in the short…

Consider the following total cost function: where represents output and are constants. What can we conclude?     (a) The firm experiences rising average fixed costs, but falling average variable costs. (b) The firm experiences falling average fixed costs, but rising average variable costs. (c) The firm experiences falling average fixed costs and falling average variable costs. (d) The firm experiences rising average fixed costs and rising average variable costs