Refer to the information provided in Table below to answer the question that follow. Number of Earrings TVC MC AVC TFC TC AFC ATC 100 50 95 46.67 300 270 Refer to Table If Sherry produces five pairs of earrings, her total costs are Select one: a. $400. b. $370. C. $360. d. $320. 12345

Q: Fill in the blanks in the following table and then answer the question that follows. (Note: Round…

A: Marginal Product = Change in Total Product / Change in Input Average Product = Total Product / Units…

Q: Question # 01 a. Think of setting up some kind of easy business like establishing a beauty salon, a…

A: Answer - "Thank you for submitting the question.But, we are authorized to solve one question at…

Q: CM stand for lowest counled materials ? true or false

A: LCM Stands for Least Common Multiple

Q: Q3. Complete the following cost table given below and additionally state all the formulae used:…

A: TC is the total expenditure incurred in the production of total output. TC is the sum of fixed and…

Q: COUNE 689 TVC 0 65 105 135 167 a. 203 244 293 55 355 432 10 527 4. Explain why the short-run MC is…

A: MC curve refers to the marginal cost curve.

Q: 4. Ball Bearings, Inc., faces costs of production as follow Quantity Total Fixed Cost Total Variable…

A: given that, total fixed cost and total variable cost we have to find firms profit or loss and was…

Q: 7. Ahmed's Pizza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of…

A: Given,  Selling Cost of extra-large deluxe pizza = OMR 9 per pizza Cost of ingredients = OMR 2 per…

Q: Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per…

A: The opportunity cost refers to the value or cost of the next best alternative among all available…

Q: (a) What is the total economic cost? (b) How would accounting and economic costs change if the…

A: Opportunity cost is the foregone benefit that arises from the alternate option that is not chosen.

Q: Production Total cost 80 1 100 2 115 3 140 4 170 210 Assume that these are the costs of production

A: In perfectly competitive market, firms produce identical goods. Firms do not have any control over…

Q: A factory was built in 2016 at a total cost of $900,000. Additional information is given in the…

A: A composite index could in turn be created by averaging the ratios of designated costs of an item of…

Q: this restaurant there are only two inputs, rent, and workers. ach worker costs $100 per day.…

A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…

Q: Fillipe quit his old job where he had been earning $2,000 a month to start his own business. He also…

A: Salary = 2,000 Income from business = 1,000

Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…

A: Explicit costs are the costs actually paid or we can say these are accounting costs.

Q: In Exhibit 7-15, diseconomies of scale are shown in the range of O a. 500 to 1,000 units per week.…

A: Diseconomies of scale surface when a firm or company increases so extensively that the costs per…

Q: 11.)(*) Ollah’s Organic Pet Shop sells about 4,000 bags of free- range dog biscuits every year. The…

A: We are going to use Economic Order Quantity and Total holding & operating cost concept to answer…

Q: Find the Total Cost, Marginal Cost, Total Revenue, Marginal Revenue, and Profit/Loss. Q TFC TVC TC…

A: TC is calculated using the formula :  TC (Total Cost) = TFC (Total Fixed Cost) + TVC (Total…

Q: 57: The creation of a unit of good Y requires the work of 3 specialists and 7 units of capital. The…

A: Inputs: 3 Specialists 7 units of capital Going pay per labor = $4 Lease on a unit of capital = $1

Q: 7. The following is cost information for the Creamy Crisp Entrepreneur's potential earnings as a…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: Exercises Calculate the marginal product Total Marginal Product Production Labor Product or…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The table below shows some of the costs incurred at Betty's Bakery. Complete the boxes in the table.…

A: For the computation of this table we will use following formula;  Total cost = Fixed cost FC + Total…

Q: You are a newspaper publisher. You per month, and you have contractua printing cost of $0.35 per…

A: The cost refers to money made made by the firm for the purchase of any good or service used during…

Q: A microbrewery was built in 2014 at a total cost of $650,000. Additionalinformation is given in the…

A: Weighted index for 2020 (in terms of 2000 indices) can be calculated as follows.

Q: b. Five Sales Executives have been told by their company Heavy Machines Limited (HML) that each…

A: Ans

Q: The amount of fish caught per week on a trawler is a function of the crew size assigned to operate…

A: The marginal and average product of the worker or labor is useful in calculating the amount of fish…

Q: Fill in the remaining cells of the table. Average Variable Cost Total Total Fixed Total Variable…

A: Marginal cost is the cost incurred by the firm when one additional unit of output is generated. It…

Q: If Mark produces five pairs of shoes, his total costs are   a. $400 b. $370 c. $360 d. $320

A: Total cost is the sum of fixed cost and variable cost.

Q: age verage Average Product Fixed Cost Variable Cost Cost Fixed Cost Variable Total (Q) (TFC) Cost…

A: A market is completely competitive assuming that each firm in the market is a value taker. A firm is…

Q: Stella is considering expanding her plant. The average total costs for the larger plant are shown…

A: Long run: - it is the time period in which all factors of production become variable in other words…

Q: A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is…

A:

Q: Enack Company sells a Potato Chip product that has a constant annual de f chips. Each bag costs ABC…

A: *Answer:

Q: Output Total Cost $4.00 1 $7.00 $8.00 3 $12.50 4 $17.20 $22.00 $29.00

A: The production of goods, and services is done by the sellers, who are considered as the producers.…

Q: Refer to the data. Creamy Crisp's implicit costs are:    A. $150,000   B. $94,000   C.…

A: Implicit costs are the foregone costs of the business.

Q: The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential…

A:

Q: To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has…

A: Explicit costs are ordinary business expenses that appear in the general ledger and have a direct…

Q: 1) Now let's examine short run costs of golf cart production. The cost of 1 labourer is $2000. Total…

A: Given: Cost of 1 labor (variable cost) = $2,000 Total fixed cost = $3,000

Q: (M&M) sell one size of coffee latte. Medro & Mariana put together the weekly breakeven diagram for…

A: The total revenue from the sale of a particular quantity of products or services is referred to as…

Q: Jan's Bike Shop Labor Output Marginal Total variable Fixed cost (workers) (bikes) Product…

A: Answer: Average fixed cost: it is the per-unit fixed cost of production. The average fixed cost is…

Q: 6 Ahmed's PIzza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of…

A: Given,  Selling Cost of extra-large deluxe pizza = OMR 9 per pizza Cost of ingredients = OMR 2 per…

Q: While reviewing a page of cost details provided by your accountant, you spill coffee on it and make…

A: Total Cost = Fixed Cost + Variable Cost  Marginal Cost is the additional cost incurred by the…

Q: Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A: Answer to the question is as follows :

Q: 9 The average cost of producing 10 units is Rs 30, while the average cost of producing 20 units is…

A: Given : Average cost of producing 10 units =  Rs 30 Average cost of producing 20 units = Rs 20.

Q: TVC ATC/AC 0 65 105 135 167 a. 203 244 7 293 d. 8 55 355 9 432 10 527 5. Explain why the short-run…

A: A complete table is a follows : TC = TFC + TVC  AVC = TVC / Q ATC = TC / Q MC = TC - TC1 Q  TFC…

Q: year, and the other was for $90,000. However, she turned both jobs down to continue a painting…

A: here we calculate the accounting profits and economic profits by following method

Q: tc=1500+15q+6q^2+q^3 1=the total fix cost at 1000 and 500 units of output? 2=the total variable…

A: We have the following information- The total cost is given as- tc=1500+15q+6q2+q3

Q: 22. Which one of these will continuously increase as more products are produced? a. None of the…

A: In the market, a firm has to face different types of costs when it decides to enter the market, such…

Q: Question 10 TT Quantity of Output Fixed Costs Variable Costs 15 2 15 12 4 15 23 15 38 8. 15 46 10 15…

A: Total cost = total fixed cost + total variable cost Marginal cost = (change in total cost / Change…