QUESTION 38 Amount of Variable Input Amount of Output Unit Price Total revenue Marginal revenue 0...
QUESTION 38
-
Amount of Variable Input
Amount of Output
Unit Price
Total revenue
Marginal revenue
0
0
0
0
0
1
5
$45
2
25
$45
A
3
55
$45
B
4
75
$45
C
5
100
$45
D
6
118
$45
E
7
135
$45
F
8
152
$45
G
9
167
$45
H
10
170
$45
I
11
169
$45
J
What is A+B+C+D+E?
What is F+G+H+I+J? (Use table in question 38)
Homework Answers
Add Answer to:
QUESTION 38
Amount of Variable Input
Amount of Output
Unit Price
Total revenue
Marginal revenue
0...
QUESTION 40 Amount of Variable Input Amount of Output Unit Price Cost per input Total cost...
QUESTION 40 Amount of Variable Input Amount of Output Unit Price Cost per input Total cost Marginal cost 0 0 0 0 0 0 1 5 $45 $670 2 25 $45 $670 3 55 $45 $670 4 75 $45 $670 A 5 100 $45 $670 B 6 118 $45 $670 C F 7 135 $45 $670 D G 8 152 $45 $670 E H 9 167 $45 $670 I 10 170 $45 $670 J 11 169 $45 $670 What is...
Marginal Cost (dollars) Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Input Input...
Marginal Cost (dollars) Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Input Input Variable Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) $500 $0 $500 $200 $500 $400 $500 $600 $500 $800 $500 $1000 Refer to Exhibit 21-3. The average variable cost of producing 45 units of output is a. S2.44 (E) b. S1.60. c. $2.00. d. S1.33. e. $13.33.
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
26. Exhibit 22-14 Quantity of Labor Output Marginal Physical Product (MPP) Wage Marginal Cost 0 ...
26. Exhibit 22-14 Quantity of Labor Output Marginal Physical Product (MPP) Wage Marginal Cost 0 0 1 100 (C) $600 (E) 2 (A) 75 600 (F) 3 (B) 50 600 (G) 4 240 (D) 600 (H) Assume that labor is the only variable input and that each additional laborer is paid $600. Refer to Exhibit 22-14. What is the MPP of the first unit of labor [blank (C)]? a. 50 units b. 100 units c. 600 units d. 700...
Diminishing marginal productivity a. means that adding one more unit of the variable input will reduce...
Diminishing marginal productivity a. means that adding one more unit of the variable input will reduce total product. b. occurs when the marginal product curve begins to slope downward c. occurs eventually because each additional unit of the variable unit has, on average, fewer units of the fixed input with which to work. d. both a and c e. both b and c 7. The marginal rate of technical substitution is a. the rate at which the firm can substitute...
(1) Quantity (2) Quantity (3) Product (4) Marginal (5) Marginal of Factor X of Output Price...
(1) Quantity (2) Quantity (3) Product (4) Marginal (5) Marginal of Factor X of Output Price Physical Product Revenue Product 0 20 $24 1 28 $24 (c). 2 34 $24 (A) (D) 3 37 $24 (E) 4 38 $24 (E) The dollar amounts that go in blanks (E) and (F) are, respectively, 6 and $6 $84 and $72 O $70 and $60 O $72 and $24
(In Python 3) Write a program with total change amount as an integer input, and output...
(In Python 3) Write a program with total change amount as an integer input, and output the change using the fewest coins, one coin type per line. The coin types are Dollars, Quarters, Dimes, Nickels, and Pennies. Use singular and plural coin names as appropriate, like 1 Penny vs. 2 Pennies. Ex: If the input is: 0 (or less than 0), the output is: No change Ex: If the input is: 45 the output is: 1 Quarter 2 Dimes So...
Question Completion Status: QUESTION 38 Marginal cost equals total cost divided by the quantity of output produced...
Question Completion Status: QUESTION 38 Marginal cost equals total cost divided by the quantity of output produced total output divided by the change in total cost the slope of the total cost curve the slope of the line drawn from the origin to the total cost curve QUESTION 39 wa firm produces nothing which of the following costs will be zero? - total cost faxed cost opportunity cost variable cost QUESTION 40 A production function is a relationship between Inputs...
consider the following input / output tables Problems 3-4, Consider the following input/output tables: 0 1...
consider the following input / output tables
Problems 3-4, Consider the following input/output tables: 0 1 4 I 1 2 8 -2 3 2 -1 0 - 1 2 4 043 7-2 f'() 6 5 - 1 -2 3 3. Let h(x) = f(x)g(x). Evaluate W(3). 4. Let h(x) = f(c)). Evaluate (2)
Marginal Cost (dollars) Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Input Input Variable Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) $500 $0 $500 $200 $500 $400 $500 $600 $500 $800 $500 $1000 Refer to Exhibit 21-3. The average variable cost of producing 45 units of output is a. S2.44 (E) b. S1.60. c. $2.00. d. S1.33. e. $13.33.
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
(1) Quantity (2) Quantity (3) Product (4) Marginal (5) Marginal of Factor X of Output Price Physical Product Revenue Product 0 20 $24 1 28 $24 (c). 2 34 $24 (A) (D) 3 37 $24 (E) 4 38 $24 (E) The dollar amounts that go in blanks (E) and (F) are, respectively, 6 and $6 $84 and $72 O $70 and $60 O $72 and $24
Question Completion Status: QUESTION 38 Marginal cost equals total cost divided by the quantity of output produced total output divided by the change in total cost the slope of the total cost curve the slope of the line drawn from the origin to the total cost curve QUESTION 39 wa firm produces nothing which of the following costs will be zero? - total cost faxed cost opportunity cost variable cost QUESTION 40 A production function is a relationship between Inputs...
consider the following input / output tables
Problems 3-4, Consider the following input/output tables: 0 1 4 I 1 2 8 -2 3 2 -1 0 - 1 2 4 043 7-2 f'() 6 5 - 1 -2 3 3. Let h(x) = f(x)g(x). Evaluate W(3). 4. Let h(x) = f(c)). Evaluate (2)
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