The table below shows the weekly marginal cost (MC) and average total cost (ATC) for Buddies, a purely competitive firm that produces novelty ear buds. Assume the market for novelty ear buds is a competitive market and that the price of ear buds is $6.00 per pair. Buddies Production Costs Quantity MC ATC of Ear Buds ($) ($) 9.00 10 2.00 5.50 15 2.44 4.48 20 3.56 4.25 25 4.50 4.30 30 5.02 4.42 35 5.96 4.64 40 8.56 5.13

The Orlando Magic is the National Basketball Association (NBA) professional basketball team that plays at the Amway Center in downtown Orlando. Which of the answer choices best describes a VARIABLE COST for the Orlando Magic? O The Magic's advertising expense for its "Go Magic!" television commercials. The Magic's 13-player roster, including guard Devin Cannady and center Mo Bamba. O The Magic's ticket price of $257 to sit in the Legends Seats. The rent that the Magic pays the City of Orlando for use of the Amway Center.

6. esc A company sells one of its products for $42 each. The monthly fixed costs are $2700. The marginal cost of the product is $10. Let q=quantity and C(q) = cost. a) Express the total monthly costs, C, as a function of q, the quantity produced each month. C(q) = 9= :0: 21 O Express the total monthly revenue, R, as a function of the quantity, q, sold each month. R(q) = c) Find the quantity, q, produced and sold each month at which this company will break even. Round your answer to a whole number. F1 50,252 8. F2 20 F3 ITEMS 000 000 F4 F5 INFO MacBook Pro S F6 tv F7 RA ► 11 F8 W < Previous Nex F9 Instructions ^ F10 4) F11 €

markscheme says answer is d but i think it might be an error so want to ask experts

Question 2 A university is planning to install many mini steel structures within the campus. Three companies have provided their quotation to get the job with below variable and fixed cost. For up to 20,000 units per year, determine what ranges of supply (annual supply) each quotation would be suitable.   Provide justification of your answer.   Quotation A: has annual variable cost $20 with annual fixed cost $100000   Quotation B: has annual variable cost $5 with annual fixed cost $200000   Don't ignore any part all part work u

At a market price of $5 your artisanal pencil business maximizes profits by producing 484 pencils per day. When you produce this quantity of pencils per day, your average cost per unit is $4. What is your total revenue per day? $ What is your total cost per day? $ What is your daily profit? $

The graph to the right depicts the daily total cost and total revenue curves for a firm. If the firm chooses the profit maximizing level of output, it will earn a profit of $ per day. (Round your answer to the nearest penny.) Revenue and Costs (3) 1,180 1910 624 480 48 91 118 Output (per day) TR a a G

PROBLEM (4) The short run market supply for shirts is QS = 50P – 1000 and the market demand isQD = 2800 – 50P Let a typical firm operating in a perfectly competitive industry has short-run total cost and marginal cost curves: TC(q) = 100 + 20q + q2 and MC(q) = 20 + 2q (a) Determine the short run market equilibrium price and quantity for this type of shirt.(b) Determine how much the typical firm will produce at the equilibrium price you found in (a).(c) If all firms had the same cost structure, how many firms should be operating in this industry at the moment? (d) Calculate the profit or loss of each firm at the short-run market equilibrium. If they are making losses, why are they still producing in the short run? In the long run, will there be entry into the market or exit from it?(e) What would the price be in the long run equilibrium, assuming constant cost industry?(f) In the long run equilibrium, how many shirts would each firm produce? What would be a firm’s net profit?(g) How…

the cost of producing a bottle of zlurp is 1.50, and the competitive suppliers sell it at this price. Each whovillian will consume

Valerie's Performance Pizza is a small restaurant in Denver that sells gluten-free pizzas. Valerie's very tiny kitchen has barely enough room for the two ovens in which her workers bake the pizzas. Valerie signed a lease obligating her to pay the rent for the two ovens for the next year. Because of this, and because Valerie's kitchen cannot fit more than two ovens, Valerie cannot change the number of ovens she uses in her production of pizzas in the short run. However, Valerie's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Valerie lets them know how many workers she needs for each day of the week. In the short run, these workers are resources, and the ovens are * resources. Valerie's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Total Product Marginal Product of Labor Number of Workers (Pizzas) (Pizzas) 1…