3. Consider the delivery of mail. In general, what is the shape of the average total cost curve? How might the shape differ between isolated rural areas and densely populated urban areas? How might the shape have changed over time? Explain.

Q: a car 40 miles down the road as opposed to paying 2 people to push the car 40 miles down the road.…

A:

Q: How many plates of claims will Bob consume in total?

A: The consumption done by the individual provides the marginal benefit to the consumer and the…

Q: thank you

A: Answer 1:Here, it given that, Y1 = $40 K, Y2 = $60 K, Q1 = 24 boxes, and Q2 = 6 boxeswhere Y1, Y2…

Q: MNLogs harvested logs (with no inputs from other companies) from their property in northern…

A: Gross domestic product (GDP) measures the money value of all final goods and services produced in an…

Q: A public school is being renovated at a cost of $13.5 million. Building it has geothermal heating…

A: The payback period is defined as a number of years takes by a project to recover the initial cost of…

Q: The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new…

A: The combination of total fixed and variable cost that divides the total number of units in the…

Q: An additional unit of Old Product X will bring Cindy an MU of 15 utils, an additional unit of New…

A: Marginal Utility is defined as the change of utility due to change of 1 unit of consumption of goods…

Q: The graph shows the benefits and costs of consuming BK Breakfast Burgers. Marginal benefit, marginal…

A: Marginal benefit is the extra gain earned by the consumer when they purchase a good or product. The…

Q: On the graph, shift the marginal-cost curve (an orange line) to reflect the change in the marginal…

A: In the field of economics an efficient point denotes a scenario where resources are distributed in…

Q: Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost…

A: In case of short-run average cost functions, the firm incurs two types of costs:-Fixed costs and…

Q: . Why is the Average Total Cost curve U shaped?

A: Average Total cost in economics is the cost that indicates how firms choose to price their…

Q: 8. Why is the Minimum Average Total Cost and Efficient Scale important?

A: Average Total Cost : The average cost or average total cost is per unit cost incurred by the firm in…

Q: Marginal benefit and marginal cost (dollars per swim) A 50 MC 40 30 20 10 MB D B 2 4 5 Manatee swims…

A: In the above diagram, when the manatee swims per week is 1, the marginal benefit is $40 at point A…

Q: Larry is a hard-working college senior. One Tuesday, he decides to work nonstop until he has…

A: Marginal gain refers to the additional gain or a condition where profit is earned by a firm by…

Q: If Charles Lackey's utility costs remain constant at $500 per month, labor at $8 per hour, and cost…

A: The term "multifactor productivity" refers to the measurement of output, performance, and…

Q: 22. Suppose an artist put on 5 concerts in Korea last month for an average total cost of $1 million…

A: Average Total Cost(ATC) is the total cost divided the total quantity. ATC=total costtotal quantity…

Q: Demand and supply microanalysis about Economic graphs?

A: To find : What is demand and supply in economics.

Q: The marginal, or additional, gain from Sam's second hour of work, from 9:00 AM to 10:00 AM, is -…

A: Marginal Gain is calculated by  Total problem or TPn - TPn-1  so we can solve this as follow-