Question

Module 1 Homework Save Marglnal Benefits and Marginal Costs Exercise 2 (Algo) 20 The table below describes the hourly cost Sam faces as he washes more cars 5 points Sams Cer Wash Costs Cars Marginal Cost Washed per Total Cost Hour (dollars) (dollars) $2 skipped $2 14 4 eBook 14 61 References Instructions: Enter your answers as a whole number Complete the missing values in the table

please explain in detail

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Cars washed per hour TOC 4 6 14 25 39 61 4 14

Since the marginal cost is the additional cost due to the producing an additional unit of output.

MC=TCn-TCn-1

The total cost is the sum of all MC.

Add a comment
Know the answer?
Add Answer to:
please explain in detail Module 1 Homework Save Marglnal Benefits and Marginal Costs Exercise 2 (Algo)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Problem Set - Module 13 Help Save & Exit Submit Marginal Revenue Product Exercise 2 (Algo)...

    Problem Set - Module 13 Help Save & Exit Submit Marginal Revenue Product Exercise 2 (Algo) Pierre produces wedges of aged cheddar cheese and sells them for $14 each. The table below shows the labor productivity for Pierre's cheese-making business. Fill in the missing values. Assume this is a perfectly competitive market. points Instructions: Round your answers to one decimal place. Skipped Marginal Revenue Product (dollars) eBook 9 Pierre's Cheese Business and Revenues Labor Total Product wedges Marginal Product Price...

  • Q8 (1 point). The table below describes the total costs and marginal benefits of varying quantities...

    Q8 (1 point). The table below describes the total costs and marginal benefits of varying quantities of a non-excludable, non-rival good. Should the government provide the good? O Yes. O No. e TC MB to Sam MB to Jill 0 0 ܢܕ 12 12 14 2 24 8 12 3 36 6 10 4 48 4 8 5 60 2 6 09 (1 point). The table below describes the total costs and marginal benefits of varying quantities of a non-excludable,...

  • Chapter 2 Homework a Seved Help Save & Exit Submit Check my work 4 Exercise 2-5...

    Chapter 2 Homework a Seved Help Save & Exit Submit Check my work 4 Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) 7.22 points Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates Finishing and Fabrication are $22.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $28.00 per hour. The following information pertains to Job 700: X 02:38:29 Skipped...

  • 1 Exercise 2-14 (Algo) Job-Order Costing for a Service Company (L02-1, LO2-2, LO2-3) Skipped Yancey Productions...

    1 Exercise 2-14 (Algo) Job-Order Costing for a Service Company (L02-1, LO2-2, LO2-3) Skipped Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such as costumes and props. Its direct labor includes each film's actors, directors, and extras. The company's overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars. At...

  • Chapter 4 Homework Saved Help Save & Exit Submit Check my work Part 1 of 2...

    Chapter 4 Homework Saved Help Save & Exit Submit Check my work Part 1 of 2 Required information Exercise 4-8 Computing ABC Product Costs (L04-2, LO4-3) The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: points Skipped Direct Labor-Hours per unit 0.60 0.60 Annual Production 26,000 units 84,000 units Rims Posts eBook Additional information about the company follows: References a. Rims require $17 in...

  • Homework - Chapter 2 G Saved Exercise 2-14 Job-Order Costing for a Service Company [LO2-1, LO2-2,...

    Homework - Chapter 2 G Saved Exercise 2-14 Job-Order Costing for a Service Company [LO2-1, LO2-2, LO2-3] Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such as costumes and props. Its direct labor includes each film's actors, directors, and extras. The company's overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT