Assume the short run variable cost function for Japanese beer is VC=0.6q^0.8 If the fixed cost (F) is S1500 and the firm produces 650 units, determine the total cost of production (C), the variable cost of production (VC), the marginal cost of production (MC), the average fixed cost of production (AFC), and the average variable cost of production (AVC). What happens to these costs if the firm increases its output to 700 ? Assuming the firm produces 650 units, the variable cost of production (VC) is VC nothing. (Enter your response rounded to two decimal places.)

Q: What are the benefits of considering the economic decisions?

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: I need help in solving this question because I'm not sure it's right?

A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: Identify some essential elements common to any rational decision-making process?

A: Rational decision making is a complex process that contains nine essential elements. These are as…

Q: The solution provided does not match the one on top, how do you actually solve it?

A: Inverse Demand Function is given as ;- P(Q)=845-2Q     ; Total output Q=q1+q2 There are two firms…

Q: Does the decision you choose turned out to be effective?how?

A: Effective decision : It is defined here as the process through which alternatives are selected and…

Q: part A is incorrect and Part B is incorrect can you re try

A: Present Worth, also known as Net Present Value (NPV), represents the total value of cash flows (both…

Q: Full form of GATT?

A: GATT was a legal agreement that was signed in1947 by 23 countries. It sought to reduce the barriers…

Q: I need to understand how to come up with the answers for the table. This explanation does not help…

A: Equation of a budget line is given by: Income = Px*X + Py*Y Where Px is the price of Good X and X is…

Q: is how much of a product or service people are willing to buy at a specific price. Your answer…

A: Answer: (1). Quantity demanded is how much of a product or service people are willing to buy at a…

Q: Please provide the answer of my question with explanation

A: Regression is a statistical technique used in the fields of finance, investing, and other subjects…

Q: Network externalities are important for a. gas stations. b. AARP, an organization that advocates for…

A: Network externality refers to the positive or negative impact that society experiences from the…

Q: Write a background of the study about the impact of COVID-19 pandemic on students

A: With the outbreak of the COVID-19 pandemic, there has been a contraction of economic activities all…

Q: How to perform a cost benefit analysis?

A: There are some costs and benefits associated with each economic activity. Thus, a cost-benefit…

Q: can i have an explanation for each answer

A: Total Cost: Total Cost is computed through the formula that is, Total Cost = Fixed Cost + Variable…

Q: Why do we use mind mapping

A: Mind mapping is the diagrammatic representation of information, task or concepts.

Q: Are options b through e correct or incorrect?

A: A price ceiling is the commanded most extreme amount a dealer is permitted to charge for a product.…

Q: Give example of merit

A: Merit pay refers to performance-related pay which provides bonuses or base pay increases for…

Q: Could you please give me full detailed answer?

A: A pizza company runs its business in a franchisee mode and has decided to conduct a $1 promotion for…

Q: What is agency theory and how is i used in times of natural disaster like earth quake. Use examples…

A: The agency theory offers an answer for issues emerging where there's a conflict of interest between…

Q: IF DISTRIBUTORS GET 55 MILLION HOW VALUE CAPTURED IS 330 MILLION ?

A: When distributors receive 55 million, the value captured of 330 million can be understood through…

Q: Write an introduction and conculsion to this essay?

A: Economic reforms are planned adjustments and actions taken by governments to enhance the efficiency…

Q: Brain drain- good or bad. Explain. 3-5 paragraphs

A: Introduction: Emigration is the relocation or process through which individuals leave one country to…

Q: 2. A person considers the following four criteria for buying a car. The pairwise comparison matrix…

A: The weights are supposed to represent the relative significance of the different products and…

Q: Not all of the questions were answered I was wondering if the rest could be answered for me.

A: International trade is defined as all the economic transactions in between the Teo countries is…

Q: Rational decision-making will likely generate a better "economic" outcome vs. emotional…

A: In economics, there is a basic assumption that consumers are rational in their decision making. This…

Q: Identify the knowledge the public should possessabout CAT if they wish to be informed consumers.

A: In any economy, the element of information helps the public to make informed choices. In an…

Q: Show working out and answer to h?

A: In this case, revenue generation of Tesco is given here. We have to show the evenly distributed…

Q: Describe the Rational Decision making Process?

A: Rational decision-making is a multi-stage process in which alternatives are selected. The objective…

Q: Hi, there. I need a clarification of question number 1, which choice is the best answer?

A: The supply curve will shift to the left whenever there is an increase in the cost of production.