Qs 15: Which one of the following statement regarding Factor of Production is correct? (a) It is the input that a firm uses in the production process. (b) It is the output which is produced in the production process. (c) It is the additional input that is required to achieve the maximum output. (d) It is the ratio of the output to that of the input of the production process.

Q: · Opportumity cost is: Ta) That which we forgo or give up, when we make a choice or a decision. (b)…

A: In the production process, inputs are used to produce the final output. Costs of production are the…

Q: 100 90 80 ATC 70 50 30 AVC 20 MC 10 + 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of pans)…

A: In perfect competition we assume that the marginal cost curve is same as the supply curve. The below…

Q: A company has a contribution/sales ratio of 40%. It maintains a margin of safety of 20%. If its…

A: Given the data:Contribution/Sales (or Contribution Margin) Ratio (P/V Ratio): 40% or 0.40Margin of…

Q: (a) Formulate the Savings Account Balance as a difference equation model. (b) Compute the…

A: A young couple looking to buy a property together currently have savings of $10,000 in a bank…

Q: ΔRoR for the first increment (Alt. C-Alt. A) is ___________________.…

A: Based on the data in the picture, the response to the query regarding the AROR (Annual Rate of…

Q: An assembly line can produce 60 units per hour. The line’s hourly cost is $3600 on straight time…

A: The per unit cost of production of a good or a service is known as its average cost (AC).  However,…

Q: An industrial engineer is considering two robots for purchase by a fiber-optic manufacturing…

A: In future worth comparison method of analysing the alternatives, future values of the given…

Q: Paper currency is (a) Convertible (b) Partially convertible (c) Inconvertible (d) Both convertible…

A: # paper currency e is the most liquid form of money available in the financial market or the money…

Q: Which one of these is false when compared to the relationship between marginal and average product?…

A: The marginal product of labor refers to the additional output produced when an additional unit of…

Q: Suppose that instead Einar short sells 200 shares of German Power Weak Inc. at $40 each. NASDUCK now…

A: Margin Requirement:A margin requirement is the amount of cash or securities that an investor must…

Q: Ivana Vukadinovic (Presenting) In addition, Red Rock Construction owes Abco Inc. $824, due to be…

A: Part 2:Explanation:Step 1: Determine the future value (FV) of the debt:Using the formula for the…

Q: Suppose an individual consumes goods and y and has income I. The prices are pr and py respectively.…

A: All commodity bundles with the same utility level are shown by the utility function. A graphical…

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Q: Estimate the unit selling price of an item for which the following data is available. Labor 10 hours…

A: The selling price defines the price at which a good or service is offered for sale in the market,…

Q: The following table lists the components needed to assemble an end item, lead times (in weeks), and…

A: Given that,  lead time for End item = 1 week  highest lead time for components L, C, and K = 3 weeks…

Q: Number of workers Total products Marginal product Fixed cost variable cost Marginal cost 0 0…

A: Since you have asked multiple questions, we will provide solution for the first three parts. Average…

Q: )A production function:                   (a) Shows the cost of producing any level of output.…

A: Economics is a social science that studies human behavior regarding their unlimited wants in terms…

Q: n flexibility (horizontal axis) and wage (vertical axis), isoprofit curves slope downward because…

A:

Q: Question: Write 5 Usual Objectives In Conducting Engineering Economic Analysis.

A: In conducting engineering economic analysis, there are 5 commonly pursued objectives:-

Q: David gets paid $26 per hour and works 60 hours per week. He typically allots himself 80 hours per…

A: Before Change in wage -Original Wage rate = 26 per hour Working hours = 60Total Hours = 80 Leisure…

Q: If JMJ Industries realizes a profit of $4.00 per unit sold, what is the fixedcost portion of their…

A: The main objective of every firm is to maximize its profits. Profits can be computed for a firm by…

Q: Least-cost abatement curve Solar PV Coal CCS Nuclear Feasible set new build Low-penetration wind…

A: A cost borne by firms when they are required to remove and/or reduce undesirable nuisances or…

Q: Phase Requirements Planning Design Prototype Development Final Development Test Average Time (hours)…

A: The objective of the question is to understand the average time and standard deviation for each…

Q: The rate of sales of an automobile anti-theft device is given in the table below. (b) What are the…

A: Months123456Sales per month140530690760700560

Q: Assets Liabilities Reserves £500 Deposits £2,200 Loans £2,000 Capital £300 £2,500 £2,500 19. Refer…

A: Reserves are 500. Loans are 2000. The total asset is 2500. ----------------------------------------

Q: Only typed solution

A: The objective of the question is to derive the steady state capital per worker (k) from the given…

Q: An engineer has the option of deciding whether to generate the company's own electricity or buy from…

A: For buying annual fixed cost is zero.

Q: Question: When G is assumed to be exogenous (5#), what other methods can you think of to shift the…

A: The IS curve shows the relationship between the level of real GDP and real interest rate. Real…

Q: Use the values in the table below to answer the following questions. TC ATC MC 1 29.89 29.89 6 -(…

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A: Table: Calculatuon for Q1, Q3 and 60th percentile

Q: lloy of aluminum or steel. There is a 3000 units. Steel costs P3.80 per kg a costs P8.70 per kg. If…

A: *Answer:

Q: Marquesa earns money and can spend money only this year and next year. Her utility is U(c1, c2) =…

A: Utility function shows hou much satisfaction is derived from the consumption of given goods.  Law of…

Q: A manufacturing plant wishes to buy a new equipment so the purchasing department did some research…

A: Given that; A company is considering two types of equipment for its manufacturing plant.

Q: In the following list of action profiles, check all the ones that are NE.

A: Nash equilibrium is a concept in game theory that represents a stable state in a strategic…

Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…

A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…

Q: Output (units) (units) (units) (units) |(dollars) (dollars) (dollars) 1 $500 $0 1 1 10 (A). $500…

A: We know ,      TC = TFC + TVC      TC = 500+ 600       TC = $1100

Q: Alex buys a bond with a face value of $12,000 with three years remaining to maturity, and an annual…

A: Given that,   Face value (FV) = $12,000 Coupon rate (Cr) = 14% Interest rate (r) = 12% Time period…

Q: Suppose that you are interested in choosing a set of investments {1,...,7} using 0 - 1 variables.…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Calculate APS when the value of savings is 250 and income is 800 (b) Can APS be greater than 1?

A: The value of APS is given to be as the ratio of savings by the household and the income earned. That…

Q: 2. For the estimates below, calculate the following. (a) Breakeven quantity per month. (b) Profit…

A: Breakeven quantity is the quantity at which firm at least cover their cost at this point , means…

Q: saving in this economy at Yd = 6000 million

A: SAVING FUNCTION - The functional relationship between saving and income is known as the saving…

Q: Use the values in the table below to answer the following questions. Q TC ATC MC 1 32.98 9 121.7…

A: ATC, the abbreviation for "Average Total Cost", is a term used to depict the average cost of…

Q: What is a weakness of using LCOE as a benchmark for comparing generation methods? a. It does not…

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Q: ) Cash Flow Diagram b) manual solution Company E is considering the purchase of a building it…

A: Given the lease amount = $30000 per year Sell price of building = $160000 Interest rate = 11%