According to the diagram, hot dogs cost each, and beer costs $ per glass. %24

Q: You have the following data for product X: sales revenue $14,000, allocated fixed costs $12,000,…

A: Profitability is a proportion of an association's benefit comparative with its costs. Associations…

Q: what are Methods for increasing marginal utility more accurate or efficient?

A: Marginal utility refers to the additional benefit derived from consuming an additional unit. This…

Q: at a subscription price of $12.99 per month the peloton app has 874,000 digital subscribers .…

A: To find out how much money Peloton makes in total each month from its digital subscription service,…

Q: Question 3 A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs…

A: Given; Toyota Camry costs= $19600Mileage= 30mpgPrius Costs=$23000Mileage= 50mpgCost of 1 gallon gas=…

Q: he graph depicts the average total cost (ATC) of a firm that mas decided to start advertising. The…

A: ***Since the new value of the ATC have not been provided, hence, the expert is required to solve…

Q: What occurs when the cost of producing a range of products is lower than the cost of producing each…

A: The process that depicts an increase in the production of services and goods in an economy during a…

Q: 6. Elasticity and total revenue I The following graph shows the daily demand curve for bippitybops…

A: The demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle…

A: The total receipts that could in turn be obtained by a seller through selling to buyers its goods or…

Q: The table below shows the relationship for a hypothetical firm between its advertising expenditures…

A: The firm expects to sell the goods at a fixed price of $7 per unit. The advertising expenditure and…

Q: why is average product low for a good

A: Total product represents the maximum output that a firm is able to produce with its capital and…

Q: On the following graph, use the green point (triangle symbol) to plot the annual total revenue when…

A: Price elasticity of demand measures the relationship between change in the quantity demanded of a…

Q: Explain DEMAND CURVE AND DEMAND SCHEDULE FOR GOURMET COOKIES?

A: The Law of demand shows that there exists a negative relationship between price and quantity…

Q: sense 2. Calculate the price elasticity of demand for the following products and state whether…

A: For question no. 2 we need not use the mid point formula. Simply point elaticity formula is…

Q: Explain the law of Equi marginal utility with the help of schedule.

A: Marginal utility is the incremental utility or additional utility received by the individual by…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The midpoint technique of price elasticity of demand considers average price and quantity while…

Q: Maria manages a bakery that specializes in ciabatta bread, ans she has the following information on…

A: In a monopolistically competitive market structure, every firm produces differentiated goods and…

Q: for each price in the following table, calculate the firm's optimal quantity of units to produce,…

A: Profit maximization refers to raising profits by utilizing an appropriate approach by commercial…

Q: Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since…

A: The Maximax strategy involves making a decision that maximizes the potential benefits or outcomes by…

Q: On the following graph, use the green point (triangle symbol) to plot the daily total revenue when…

A: Price is the amount of money or other valuable consideration that is given or asked in exchange for…

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: Quantity of Gift Boxes TC ($) ATC ($) 55.00 11.00 10 57.50 5.75 15 4.17 20 72.50 25 92.50 3.70 30…

A: TC (at Q=15) = ATC15 * 15 = 4.17*15 = $62.55 ATC(at Q=20)=TC20/Q20 = 72.50/20 = $3.63 MC(at 10th…

Q: Situation: Lettuces and strawberries have almost doubled in price, and the produce rep says this…

A: The price of a good is the monetary value of all the inputs that has been used while the production…

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A: In economics, costs are the money and non-money spent on goods and services. These expenses include…

Q: 1. Explain the decisions taken for an individual product.

A: When making decisions for a personal product, several factors have to be considered, consisting of:-

Q: Diminishing Marginal Returns” is achieved when?

A: The law of diminishing marginal returns states that adding an extra factor of production ends up in…

Q: Describe the procedure of Gauging Product Cost and Price?

A: The cost of production of a good or service is the aggregate value of the investment made by a…

Q: On the following graph, use the green point (triangle symbol) toplot the weekly total revenue when…

A: Elasticity refers to the percentage change in quantity demanded with respect to the percentage…

Q: Example 9 Recall that the total revenue function is the price per unit times the number of units…

A: Marginal revenue (MR) pertains to the extra income obtained by selling an additional unit of a…

Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: At the optimal quantity, what is the total cost of the burgers that are purchased?

A: At optimal quantity, Marginal cost is equal to marginal benefit. As marginal cost is constant…

Q: Vicky currently produces corn and beef at point A in the graph. What is Vicky's marginal cost of…

A: The production possibility frontier refers to a boundary between those combinations of the products…

Q: According to PfizerLipitorMonopoly; it will benefit O Benefit managers and consumers O Pfizer only O…

A: PfizerLipitor is a medicines company. It is a monopoly firm. Now there are various market structure…

Q: Show solutions to each problem: Write your answer on yellow paper and upload it. Write legibly and…

A:

Q: If price is greater than marginal cost for the last unit produced Multiple Choice O profit is…

A: This can be described as the concept that shows the actual cost of any decision which encompasses…

Q: Mega Partner is selling two products Marker(m) and Eraser(e) and their budget is given with the…

A: (Since you have posted a question with multiple sub parts, we will solve the first three sub parts…

Q: Plot the three demand curves, on one graph.Calculate PED for all three pizzas over the price…

A: There will be change in quantity demanded of goods with a change in its price level. The degree of…

Q: you can sell 10 computers for $1400 each or 11 computers for $1300 each, and the marginal cost is…

A: Marginal/Minimal benefit  The minimal/marginal benefit is the benefit procured by a firm or person…

Q: You remember from your BUS10 class you took a few years ago that you can reduce production costs…

A: We are given 3 product types - mass produced, customized and mass customization. Amongst these, we…

Q: what is differentiation? What are some forms of differentiation in washing detergents? How does…

A: A differentiation strategy is a methodology organizations create by giving clients something…

Q: How do we measure the Profit Margin on Sales?

A: Profit margin is a type of profitability ratio that represents the percentage of sales that have…

Q: What’s law of diminishing returns

A: The law of diminishing returns would operate since the output would not expand at rising rates.

Q: explain with diagram

A: The measure that depicts the percentage change in quantity demanded of goods with respect to price…

Q: A restaurant should not stay open for an additional hour if it's _exceeds_ a) average benefit;…

A: Firms produce goods and services and try to maximize their profits by analyzing the market…

Q: How chabges in buget line take places explain with diagram

A: Changes in the budget line can be because of a change in income and change in the price ratio of…