W. R 5 7 9 10 12 144 above shows cost curves of a firm in a competitive market. the graph to allow tracing curves. Some of them can also be ices. Refer to the graph to answer the following questions:

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2500 2000 1500 Returns te scale: 0.33 1000 Price 2 10 15 20 25 30 Size dength in feet) 35 40 Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. It only the productivity of the truck Adam chooses to rent decreases, which of the following would be true at the new profit maximizing level of output and length of truck? Select the two that apply O A decrease in marginal cost O A decrease in total costs O A decrease in total revenuo O An incroase in the amount of labor Adam hires Revenue

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The first picture below depicts the cost curves for a representative firm in this perfectly competitive industry. Initially, there are 100 firms. The second picture depicts market demand. larnginalCost 10 ATC AUC 200 100 600 800 100 1200 1400 10 8. Demaid 20000 10000 60000 80000 100000 120000 140000

Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.

Fast pls solve this question correctly in 5 min pls I will give u like for sure Shub Let C(x)=0.12x^3+12x+16700 be the total cost of manufacturing x units of some commodity. How many units should be made in order to minimize average cost? Enter your answer numerically (no label) and round appropriately.

Use the following information to answer question 22-23. Number of Workers Hired 4 5 6 7 8 Question 22 Diminishing marginal returns set in when the process.... a) fourth b) sixth c) seventh d) eighth Number of Meals Sold 300 320 worker is added to the production Question 23 Average product will fall above marginal product when the a) fourth b) sixth c) seventh d) eigth worker is hired.

Use the information in the graph to the right to find the values for the following at an output level of 35. 100 The marginal cost is S (Enter a numenc response using an integer.) MC ATC AVC 54 38 -- 17 35 Post

The next 2 questions refer to the following total cost schedule for a competitive firm: Output Total Cost 012345 $15 100 145 205 290 410 If market price is $100, the maximum profit the firm can earn is $ If market price is $60, the firm will produce units of output.