ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Assume the following unit cost data are for a purely competitive producer. Required A. How much would be the total revenue? B. What will be the profit-maximizing or loss-minimizing output? C. how much would be the total cost?arrow_forwardFixed cost is a. Any cost that does not vary with the quantity of output. b. The ratio of total cost to total quantity of output. c. The market value of an asset at the end of its life less its disposal costs. d. The incremental cost of producing one more unit of output.arrow_forward1. Every firm will have a U-shaped cost curve in the short-run because a. Every firm faces resource limitations b. Every firm faces rising capital costs during an economic recession c. Of the law of diminishing marginal returns d. Of labor unionsarrow_forward
- 20. If Melissa manages to sustain her software company in the long run, then: A. her total cost equals her total variable cost. B. the will earn an economic profit. C. her total variable cost is less than her total cost. D. her fixed cost equals zero.arrow_forwardf production, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the aver ecimal places.) Output (q) VC C MC AFC AVC AC 1 $100 $64 112 $164 $64 48 $100.00 $64.00 $164.00 50.00 56 00 106.00 2 100 212 3. 100 144 244 32 33.33 48.00 4. 100 160 16 25.00 40.00 65.00 100 192 292 -32 20.00 58 40 9. 100 340 48 16.67 40.00 56.67 7. 100 -304 404 14.29 4343 57.71 100 -384 484 80 48.00 60.50 53.33 59.20 9. 100 480 580 96 11.11 64.44 10 100 592 112 10.00 F.arrow_forward1. The value of the inputs owned and used by a firm is an explicit cost. a. True b. Falsearrow_forward
- Please answer the correct answer ASAP please Don't answer by pen paper please calculation correctarrow_forwardB. the rodu g one m Average Variable Cost C. fixed costs divided by output D. total cost divided by output v Marginal Cost QUESTION 5 20 points Save Answer Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases Diseconomies of scale average cost of producing each individual item increases as В. output increases economies of scale average cost of producing each individual unit remains C. constant as output increases Long Run Average Total Cost Curve the relationship between output and costs over the life of a D. business Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ype here to search W 63°F Ca ) ENG 8:10 PM 10/18/2021 hparrow_forwardWhen you calculate marginal costs, they should include: SELECT THE CORRECT ANSWER A.the market price of the product. B.only variable costs. C.both the variable and fixed costs. D.only fixed costs.arrow_forward
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