(a) What is the opportunity cost for Walton to produce a unit of AC?   (b) What is the opportunity cost for Singer to produce a unit of refrigerator?   (c) Which company has a comparative advantage in producing AC

The table below shows average cost data for three different-sized plants—1, 2, and 3—which are the only three sizes possible. Output 100 Plant 1 $18 15 Plant 2 $14 11 200 300 11 7 400 10 500 14 8 9 Plant 3 $10 11 9 10 11 a. In what plant size is MES achieved? (Click to select) b. What is the economic capacity for plant 2? Economic capacity: c. What is the right-size plant to produce an output of 300? ✓ (Click to select) Plant 1 Plant 3 Plant 2

What is the marketing and economics for the cotton production in arizona

Marginal cost and marginal benefit (dollars per pound) 5 3 2 - MC M8 100 200 300 400 500 600 Quantity (pounds of coffee perday) The above figure shows the marginal benefit and marginal cost curves of coffee in the nation of Kaffenia. Which of the following would result in the quantity of coffee in Kaffenia differing from the efficient quantity? O The existence of price control in the market. The existence of many producers and sellers of coffee. The existence of a single producer and seller of coffee. Both "The existence of a single producer and seller of coffee." and "The existence of price control in the market." are correct.

What is the total benefit associated with producing four units of the control variable, Q (identify point A in the table)? Control variable Marginal Cost Marginal Net Benefit Q MC (Q) MNB (Q) 0 1 2 3 4 5 6 7 8 19 10 Total Benefits. Total Costs B(Q) 0 900 1,700 2,400 A 3,500 3,900 4,200 4,400 4,500 4,500 C(Q) 0 100 300 600 1,000 1,500 2,100 2,800 B 4,500 5,500 Net Benefits N(Q) 0 800 C 1,800 2,000 2,000 1,800 1,400 800 0 -1,000 Marginal Benefit MB (Q) 900 800 700 600 500 D 300 200 100 0 100 200 E 400 5.d 600 700 800 900 1,000 800 600 400 200 F -200 -400 -600 -800 -1,000

(c) Why don’t I need to ask you to solve for A’s best response?(d) Solve for the equilibrium outputs (q*A, q*b ).(e) Solve for the equilibrium price.(f) Solve for firm B profits.     Please answer the questions properly with handwritten working out

3 and 4 please thanks in advance

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Match the descriptions below with the appropriate definition: A. Neither B. Total Revenue C. Total Cost D. Profit ? v 1. Market value of all goods and services sold 2. Cost of materials, labor, capital and other inputs of production 3. Market price minus Total cost 4. Total Revenue minus Total Cost ? ? v n. ?

Refer to the following table. What is the total cost of producing five (5) units of the good? Output 1 2 3 4 5 Total Fixed Total Variable Total Average Fixed Cost Cost Cost Cost 6 $950 $1,050 $1,000 $1,025 $825 $425 ??? $250 Marginal Cost $25