39. What docall that caST which is natyouUsually thought of at a coST?A. Explicit CestB. Imputed CostC. A and B are carrectD. None of the above Dont copy the question, answerand explanation only.Thankyou .I hope you will follow myinstruction so that I will rate youas helpful.Thank you

When making any activity, there used to be some cost associated with it thay is classified into…

Answered: 39. What do you call that COST which is…

39. What do you call that COST which is nat usually thought of at a coST? A. Explicit Cost B. Imputed Cost C. A and B are carrect D. None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Use the following table to answer the questions that follow. Total Output Cost TFC…

A: Total output Costs TFC TVC AFC AVC ATC MC 0 20 20 0 - - - - 10…

Q: Asap Total cost can be divided into two types. What are those two types? Select one: a. fixed…

A: Costs refers to the all type of expenses that incur in the process of production of goods and…

Q: Total cost divided by quantity of outout is Select one: a average variable cost b. average total…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Average total cost, average variable cost marginal cost and marginal product b. The relationship…

A: Average Total Cost or Average Cost is the total cost (TC) divided by the number of units produced…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: a) Completing the Table:To complete the table, we need to calculate the Marginal Cost (MC) and…

Q: Consider now a Bertrand competition environment with one good and two firms, Firm 1 and Firm 2. The…

A: The answer given below Explanation:Let's dissect the issue and work through it one step at a…

Q: The cost of any activity measured in terms of the vaule of the next best alternative forgone is…

A: When someone chooses any activity and leaves other, the value in terms of cost of the best option…

Q: It is common for people trying to lose weight to notice that the first 10 pounds are much easier to…

A: Marginal cost is the change in total cost, per unit change in output.

Q: If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is…

Q: marginal cost

A: The marginal cost depicts the additional cost of an extra unit of output produced. As, the level of…

Q: AA newconnect.mheducation.com McGraw-Hill Connect tals: Homework i Saved The table below describes…

A: The total cost is the amount incurred in the production of good or service whereas the marginal cost…

Q: he table below shows Crystal’s total cost of producing different quantities of tie-dyed t-shirts for…

A: The marginal cost is the cost of producing one additional unit of a good. In this case, it is the…

Q: Which of the following is true of the relationship between Average Cost and Marginal Cost Select…

A: Average Cost refers to the per-unit cost of production, it means both fixed and variable costs are…

Q: Refer to Figure: The vertical distance ABis Select one: A. total cost. B. marginal cost. C. total…

A: Curve 1 is the Marginal Cost(MC) Curve Curve 2 is the Average Variable Cost(AVC) Curve Curve 3 is…

Q: Axel's business has grown to the point where he had to hire a payroll department and HR department…

A: Diseconomies of scale is when the firm is experiencing the increasing average cost when output…

Q: if marginal cost is rising with increasing output, averags cost must also be rising. true or false ?…

A: False. This sentence contains the statement that average cost of production must also rise if…

Q: I am trying to figure out how to do the marginal cost and how to get the total cost answers w what…

A: As per the guidelines, we only answer one question at a time. So, I am answering the first one.…

Q: marginal revenue 1. Questions and Problems 6 average variable cost Average total cost is equal to…

A: The total average cost is defined as the aggregate of all costs of production at a given level of…

Q: Vipsana's Gyros House sells gyros. She incurs a fixed cost of $120 per day. Vipsana pays $60 per day…

A: Fixed cost is the cost that remains same at all the level of output. Variable cost is the cost that…

Q: You work at Cooper's Millworks, which makes tables, chairs, doors, etc. Here is a partial table…

A: The marginal cost is the change in total cost by change in output (tables made daily). The marginal…

Q: For each term, explain the definition or calculation, and explain this concept to someone who is…

A: Cost of production is the total cost that a firm or a business incurs for the production of goods…

Q: Which of the following must be falling when the short run marginal cost is less than it, and rising…

A: Total Cost is the sum of the Total Variable Cost and Total Fixed cost of any firm. Total Fixed is…

Q: ontinue with the table and complete the calculation for Marginal Cost: Bags/ Participants Fixed…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

Q: I need assisstance with A,B, and C pleas

A: Fixed cost remains the same throuhgtout output and is 100 at output of zero ATC = TC / output AVC =…

Q: K Matt's candle factory rents equipment for making candles and hires students Matt pays $140 a day…

A: Total cost is the sum of fixed cost and variable cost. Variable costs are the cost that changes…

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: d. What is the average variable cost of cleaning seven classrooms? e. What is the marginal cost of…

A: Total cost = Total fixed cost + Total variable cost Total fixed cost is those cost which are not…

Question

39. What do
call that caST which is nat
you
Usually thought of at a coST?
A. Explicit Cest
B. Imputed Cost
C. A and B are carrect
D. None of the above

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Question 3 Calculate VC, FC, AVC and AFC in the following table Out put Total cost Variable Fix Cost AVC AFC Cost $12 1 $14 $18 $24 4 $32 $42 $54 7 $68 2. 3.
Solution sent me only typing
8. Why is the Minimum Average Total Cost and Efficient Scale important?
Economics Question: Marginal cost is defined as the change in total cost when: a) Total fixed cost increases b) Total variable cost decreases c) One more unit of output is produced d) Average cost decreases Don't use chatgpt please provide valuable answer otherwise be ready for disupvote
Kontrol paneli Site ana sayfası Takvim Nişanlar Tüm dersler Soru 9 Total cost is calculated as Henüz cevaplanmadı Lütfen birini seçin: 4 üzerinden O A. the sum of average fixed cost and average variable cost. işaretlenmiş O B. the sum of total fixed cost and total variable cot. P Soruyu işaretle O C. the sum of marginal cost and average cost. O D. the product of average total cost and price. OE the sum of all the firm's explicit costs. ÖNCEKİ SAYFA
Use the table to answer the uestion below: Quantity Total Cost 0 10 1 23 2 32 3 40 4 55 Calculate average fixed cost if 4 units are produced?
What is the summary of the video "See the true cost of your cheap chicken"
Jskxkskd
4. The minimum value for average costs is$19which occurs atQ=1and the vertical intercept is$20. (a) Find the average cost equation. (b) Graph. (c) Find the level of average costs when 10 units of output are produced.
6 5 nts eBook Print References Mc Graw Hill Output 0 1 2 3 4 5 6 7 8 9 $ Total Cost $2,500 3,410 4,040 4,480 4,900 5,220 5,540 6,310 7,320 9,710 units variabl Cost $ 0 b. What is the value of total fixed cost? units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost 1 c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ Average Total Cost 1 $ 3410 2020 1493.33 H a 1225 1044 923.33 901.42 915 1078.89 a Average Variable Cost D $ 1 625 500 416.67 35713 312.5 27778
As long as marginal cost is below average cost, average cost will be a. falling b. rising. c. constant. d. changing in a direction that cannot be determined without more information.
5. Discuss why the marginal cost curve (MC) has the following shape: 27 22.40 Costs 16 14 an 2 3 Quantity of outpat (s) MC ATC AVC The family cost eveven AFC