What's the correct answer for 3 & 4 3. A firm uses labor and capital to produce an output. The hourly cost of labor is 10 and thehourly cost of capital is 50. Which of the following combinations of labor and capital hoursof use represent points on the firm's 100,000 isocost line?Select the correct response:o (1,000-2,000)o (2,000-1,000)o (1,000-1,000)(1,000-1,800) – WRONG ANSWER(2,000-2,000)NONE OF THE ABOVEO o o o O 2. Tom borrowed Php500,000 from her parents to open a spa. He pays her parents a 5%yearly return on the money they lent her. Her other yearly fixed costs equal Php150,000and his variable costs equal Php200,000. In her first year, Tom had a total of 2,000customers at a price of Php300/customer. Tom's total fixed cost is675000 – WRONG ANS

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3. A firm uses labor and capital to produce an output. The hourly cost of labor is 10 and the hourly cost of capital is 50. Which of the following combinations of labor and capital hours of use represent points on the firm's 100,000 isocost line? Select the correct response: o (1,000-2,000) o (2,000-1,000) o (1,000-1,000) o (1,000-1,800) – WRONG ANSWER o (2,000-2,000) NONE OF THE ABOVE

3. A firm uses labor and capital to produce an output. The hourly cost of labor is 10 and the hourly cost of capital is 50. Which of the following combinations of labor and capital hours of use represent points on the firm's 100,000 isocost line? Select the correct response: o (1,000-2,000) o (2,000-1,000) o (1,000-1,000) o (1,000-1,800) – WRONG ANSWER o (2,000-2,000) NONE OF THE ABOVE

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The data from 200 machined parts are summarizedas follows:y yesdepth of boreE, noabovebelowedge conditioncoarsetarget15target10moderatesmooth25205080(a) What is the probability that a part selected has a moderateedge condition and a below-target bore depth?(b) What is the probability that a part selected has a moderateedge condition or a below-target bore depth?(c) What is the probability that a part selected does not have amoderate edge condition or does not have a below-targetbore depth?(d) Construct a Venn diagram representation of the events inthis sample space.
No written by hand solution
FC VC TC MC AFC AVC ATC 1. 160 65 3 10 20 55 4 28
None
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