Answered: ATC MC P. AVC Pa 10 II 12 Quonity lper…

ATC MC P. AVC Pa 10 II 12 Quonity lper dayl Assuming a perfectly competitive market, what is the short-run shutdown pr the firm above? O p2 Op1 O p4 O p3 epj o pue a

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Mr. and Mrs. Driggs have four children, all of whom are away at college. Below is a listing of expenses incurred by each child during a recent month. Еxpense CHILD Cathy David Rachel Caroline Food 150.76 344.56 266.76 222.92 Rent 475.00 300.00 395.00 225.00 Entertainment 44.67 25.00 321.56 66.56 Electricity 68.90 110.78 55.89 76.99 Auto 220.20 124.44 188.88 Insurance 87.76 55.55 144.09 47.75 Phone 45.45 88.09 25.00 37.98 Tuition 825.00 990.00 500.00 Books 332.23 433.89 779.54 210.00 Clothing 66.90 423.65 103.19 385.58 (a) Analyze the data and identify the most expensive child. (b) Analyze the data and identify the expense category of greatest cost. (c) Comment on the value of line item and object of expenditure analysis of data in a business context. How do modern information systems facilitate such analysis? (d) (optional) Pivot tables are useful tools for enhanced analysis of data. Experiment with the pivot table on the electronic worksheet template, and see if you can confirm you…
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