Below table shows the production possibilities for the country of Emilon: Rice Beef A e 30 B 30 27 C 54 21 D 72 12 E 84 0 a. The total cost of producing 54 rice is b. The total cost of going from possibility C to possibility D is c. The approximate per-unit cost of going from possibility C to possibility D is answers to 2 decimal places. Remember to round 0.05 up to 0.10. d. The total cost of going from possibility D to possibility C is units of beef units of rice units of beef V units of beef ✓. If necessary, round your

Below table shows the production possibilities for the country of Emilon: Rice Beef A e 30 B 30 27 C 54 21 D 72 12 E 84 0 a. The total cost of producing 54 rice is b. The total cost of going from possibility C to possibility D is c. The approximate per-unit cost of going from possibility C to possibility D is answers to 2 decimal places. Remember to round 0.05 up to 0.10. d. The total cost of going from possibility D to possibility C is units of beef units of rice units of beef V units of beef ✓. If necessary, round your

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 42P: A small company that shovels sidewalks and driveways has 100 homes signed up for its services this...

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The table below shows Lanark's production possibilities. A B C D E F Wheat 75 132 168 187 194 Cars 76 72 65 51 29 a. If Lanark is producing 58 cars, it can produce approximately wheat. b. If Lanark is currently producing combination C, the cost of 36 more wheat is (Click to select) v c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10. (Click to select)
I just need the answer for D please. In details
The value of U in the chart below is Quantity FC 3 4 24 12 0 0 08 12 VC TO MC U 24 Samm 4 AVC ATC 8 Z
1 01:45:16 The table below shows Lanark's production possibilities. Wheat Cars A 20 B 15 19 C 26 17 D 34 13 E 37 7 F 38 0 a. If Lanark is producing 15 cars, it can produce approximately b. If Lanark is currently producing combination C, the cost of 8 more wheat is c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10. wheat. (Click to select) ✓ (Click to select). I
In choosing a production technology, how will firms react if one input becomes relatively more expensive?
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Suppose that a fim's production tuncson is 2000 1800 in the short run, where there are foed conts of s2.000, und xis the variabie irput whow cont $120 per unt 160 140 1400- What the total coet of producing a leel at cusput q? in oher words, idertify the totsl cost function Cigi S 1200 The total coet of produsing a ve of ouput q 1000- OA CI2,000 OB. Ci-2,000- 00 Cig-2,000 OD. 200- 1250 25 10 12 14 16 Quanity OE 1250g Ci-2,000. 25 Wite down the equstion for the upply ourve The supply curve is 200 OA paso. OB P-2,000 - 00e OC. P-2004. OD. P-504. OR P-100 ece If price is S00, how many units wil the fm produce? The fim wil produce unts of ouput (Enter your reeponse rounded to two decimal places) What is the level of prot Proft equals . (Enter your response roundud to hwo decinal places.) Ilustrate your anewer on a cost aurve graphn. 200 12 14 Quantity 1) Using the ine drawing tool, draw the maginal cost curve. Label it MC. 2) Luing the point druning oal, indicate the profi masimizing…
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The LEGO Architecture Collection includes three items: the White House Model Building Kit (at $80 per kit), the U.S. Capitol Building Kit (at $40 per kit), and the Mar-a-LEGO Club Building Kit (at $20.24 per kit; empty classified document folders are extra). Total costs of production for different quantities of each item are given below. a. WHITE HOUSE Output per day 0 100 200 300 400 500 600 White House U.S. Capitol Total cost Mar-a-LEGO 1600 5000 11000 18000 27000 40000 55000 U.S. CAPITOL Output per day 0 10 20 30 40 50 60 Total cost 100 400 750 1120 1510 1920 2350 MAR-A-LEGO Output per day 0 100 200 300 400 500 600 If LEGO's goal is profit maximization and the cost of production schedules cannot be altered, what quantity of each item should be produced in the short run? Total cost 2000 3500 5500 8000 11000 14200 15000 b. Above what market price (to the nearest penny) should LEGO begin producing Mar-a-LEGO kits? That is, what is the "shutdown price" for Mar-a-LEGO kits?
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No written by hand solution "Lemonade in Winter" includes the cost of the ingredients, but not the cost of labor O True O False
2:06 O O M 76% cost questions practis... Youre cousm Shobha Owns a th0es with company & fellowig variable corte fived coste doo Oly f house painted Varuable O Calulate coitu 7 AFC 1. To * AVC 20 > ATC Poreach 40 4 80 160 320 640 What A the Gelationship blo a borine TR, Totad Paoghit and TC ? Q3 what u MP ? Whar doci it mean dimimishing ? ip it Draw a pudictiai finction that exhibite diminshig MP f labor