Homework Answers
Add Answer to:
attempts: C D Keep the Highest: /1 L2. Shifts in cost curves The following graph shows...
The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and...
The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and average fixed cost (AFC) curve for Eleanor's Pizza Parlor when the retail price Eleanor pays for pizza sauce, including sales tax, is $15 per gallon. ATC AVC OUTPUT (Pizzas per day) Suppose the sales tax on pizza sauce is removed, so the price of pizza sauce decreases to $14 per gallon. In the following table, indicate how each cost and curve is affected, if...
PLEASE ANSWER QUESTIONS CORRECTLY AND ANSWERS MUST BE CLEAR TO READ!!! THANKS!!!! 7. Cost-curve shifters The...
PLEASE ANSWER QUESTIONS CORRECTLY AND ANSWERS MUST BE CLEAR TO
READ!!! THANKS!!!!
7. Cost-curve shifters The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and average fixed cost (AFC) curve for Kyoko's Pizza Parlor when the retail price Kyoko pays for pizza dough, including sales tax, is $5 per large pizza. AVC 0: AFC OUTPUT (Pizzas per day) Suppose the sales tax on pizza dough is removed, so the price of pizza dough decreases...
TOT D. Construct different cost curves Refer to the factors causing a shift of cost curves...
TOT D. Construct different cost curves Refer to the factors causing a shift of cost curves on P.26 of lecture notes (topic 6), you are required to draw the average total cost curves (ATC), average variable cost curves (AVC), and marginal cost curves (MC) of a firm to indicate the possible impacts of the given changes Given that there is an increase in rent. (Draft work) Diagram Group discussion Given that there is an increase in wage rate. (Draft work)...
Question 2 [6 points] Afirm's average cost curves are shown below 120 AFC 105 ATC 90...
Question 2 [6 points] Afirm's average cost curves are shown below 120 AFC 105 ATC 90 75- 60 45 30 15 0 6 Labour (workers per day) a) The marginal cost curve first declines and then increases because of Constant marginal revenue The decline in the gap between ATC and AVC as output expands Increasing. then diminishing, marginal utility Increasing, then diminishing. marginal retuns b) The vertical distance between ATC and AVC measures Average fixed oost Economic profit per unit...
If the office rent for an accounting firm decreases, which of the following cost curves will...
If the office rent for an accounting firm decreases, which of the following cost curves will be affected? i. Average Fixed Cost (AFC) ii. Average Variable Cost (AVC) iii. Average Total Cost (ATC) iv. Marginal Cost (MC) A. only i B.i and iii C. i and iv D.iii and iv
graph the short-run average cost curves. explain how you got each. (total revenue, Marg rev, MPL,...
graph the short-run average cost curves.
explain how you got each. (total revenue, Marg rev, MPL, TFC,
TVC, TC, AFC, AVC, ATC)
bakers (L) cakes (0) Total Revenue Marg Rev MPL TFC TVC T C AFC AVC ATC MC P(cake) Fixed Fixed cost wage $6 each capital $200 $50 per baker 20 38 56 73 104 133 158 191 219 250 277 296
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced Total Cost 0 $ 120 1 135 2 148 3 159 ...
Consider a day for a local junk removal company. The inputs the company uses to haul...
Consider a day for a local junk removal company. The inputs the company uses to haul junk are two employees each paid an hourly wage of $15 per hour and a moving truck, which costs $100 (splitting the cost of ownership over periods). Each hauling job takes 1 hour. Are labor hours a fixed or variable input? Explain. Is the moving truck a fixed or variable input? Explain. Determine the total cost (TC), total fixed cost (TFC), total variable cost...
D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve,...
D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the variable cost when the quantity (Q) being produced is 6? P MC ATC /AVC $15 $11 $8 Q O $66 $8 O $15 $11 Question 8 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average...
Lauren owns a factory that produces softball gloves. The table below represents her factories productivity and...
Lauren owns a factory that produces softball gloves. The table
below represents her factories productivity and costs when various
numbers of workers are hired.
Graphically illustrate her total, marginal and average product
curves as well as her marginal and average variable cost curves.
Show where the inflection point lies, where production is maximized
and what number of workers corresponds to the highest average and
marginal product as well as the lowest average variable and
marginal cost.
TPL - Total Product...
The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and average fixed cost (AFC) curve for Eleanor's Pizza Parlor when the retail price Eleanor pays for pizza sauce, including sales tax, is $15 per gallon. ATC AVC OUTPUT (Pizzas per day) Suppose the sales tax on pizza sauce is removed, so the price of pizza sauce decreases to $14 per gallon. In the following table, indicate how each cost and curve is affected, if...
PLEASE ANSWER QUESTIONS CORRECTLY AND ANSWERS MUST BE CLEAR TO
READ!!! THANKS!!!!
7. Cost-curve shifters The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and average fixed cost (AFC) curve for Kyoko's Pizza Parlor when the retail price Kyoko pays for pizza dough, including sales tax, is $5 per large pizza. AVC 0: AFC OUTPUT (Pizzas per day) Suppose the sales tax on pizza dough is removed, so the price of pizza dough decreases...
TOT D. Construct different cost curves Refer to the factors causing a shift of cost curves on P.26 of lecture notes (topic 6), you are required to draw the average total cost curves (ATC), average variable cost curves (AVC), and marginal cost curves (MC) of a firm to indicate the possible impacts of the given changes Given that there is an increase in rent. (Draft work) Diagram Group discussion Given that there is an increase in wage rate. (Draft work)...
Question 2 [6 points] Afirm's average cost curves are shown below 120 AFC 105 ATC 90 75- 60 45 30 15 0 6 Labour (workers per day) a) The marginal cost curve first declines and then increases because of Constant marginal revenue The decline in the gap between ATC and AVC as output expands Increasing. then diminishing, marginal utility Increasing, then diminishing. marginal retuns b) The vertical distance between ATC and AVC measures Average fixed oost Economic profit per unit...
graph the short-run average cost curves.
explain how you got each. (total revenue, Marg rev, MPL, TFC,
TVC, TC, AFC, AVC, ATC)
bakers (L) cakes (0) Total Revenue Marg Rev MPL TFC TVC T C AFC AVC ATC MC P(cake) Fixed Fixed cost wage $6 each capital $200 $50 per baker 20 38 56 73 104 133 158 191 219 250 277 296
D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the variable cost when the quantity (Q) being produced is 6? P MC ATC /AVC $15 $11 $8 Q O $66 $8 O $15 $11 Question 8 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average...
Lauren owns a factory that produces softball gloves. The table
below represents her factories productivity and costs when various
numbers of workers are hired.
Graphically illustrate her total, marginal and average product
curves as well as her marginal and average variable cost curves.
Show where the inflection point lies, where production is maximized
and what number of workers corresponds to the highest average and
marginal product as well as the lowest average variable and
marginal cost.
TPL - Total Product...
Most questions answered within 3 hours.
-
Calculate the wavelength of light (in nanometers) emitted from a
hydrogen atom if the electron is...
asked 1 minute from now -
Please answer in Python 3! 16.2** (Maximum increasingly ordered
subsequence) Write a program that prompts the...
asked 3 minutes ago -
Energy is carried by which of the following waves?
(Select all that apply)
a) light wave...
asked 3 minutes ago -
(Part 1) An investor wants to have $1,000,000 when she retires
in 20 years. If she...
asked 4 minutes ago -
ESP8266/Arduino UNO and temperature sensor MCP9700A.
Temperature sensor gives incorrect temperature readings in
celsius.
Both ESP8266...
asked 5 minutes ago -
1. Why has Dunkin’ Donuts increased its focus on
coffee?
2. Describe the strategy that Dunkin’...
asked 14 minutes ago -
two lady bugs sit on a rotating disk without slipping. lady bug
1 is half away...
asked 18 minutes ago -
Core Concepts of Accounting Information Systems
Discussion Question #4
Does a company have the right to...
asked 23 minutes ago -
Why does the Solow model cannot explain growth in the long run?
What is the role...
asked 25 minutes ago -
Question 8 Interactive LearningWare 26.2 offers a review of the
concepts that play roles in this...
asked 30 minutes ago -
draw product of cyclohex-2-en-1-one, Sodium methoxide and
hydronium workup
asked 38 minutes ago -
In a certain state, about 65% of drivers who are arrested for
driving while intoxicated (DWI)...
asked 39 minutes ago