A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Php 160 million and its variable costs were Php 800 per unit. What was the company's total cost for the year?   A. Php 160,000,000   B. Php 160,000,800   C. Php 624,000,000   D. Php 784,000,000

Q: 2. (a) What output mix should a profit-maximizing firm produce when its total profit function is T =…

A: Profit = 144x-3x2-xy-2y2+120y Max output = x+y = 40

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Q: 1. Definition of economic costs Lorenzo lives in Miami and runs a business that sells pianos. In an…

A: Explicit cost- Explicit business costs include all transactions relating to production factors used…

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Q: K 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 L 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 TP 0 12 26…

A: Total production is the output produced by the factors of production. Given table:

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A: Output and Capital per worker are obtained by dividing production function by number of workers.

Q: What do constant returns to scale indicate that a firm is experiencing? an increasing marginal…

A: please find the answer below.

Q: "returns to scale"

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A: The formula is: Accounting profit =total revenue - total explicit cost.

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Q: Capital per year A K2N K, K3 91 C2 Labor per year La L, L1

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A: Returns to scale is the measure of proportional change in output with respect to the input factors.

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Q: Solve the attachment.

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A: Economic costs = Direct costs + Opportunity cost.

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A: Accounting profit can be calculated as follows:

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