Please help with my questions and on image ECO PT1 I need help with just c, d, and e. Thank you! I will give thumbs up if someone helps with my questions! :) Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially.Instructions: Enter your answers as a whole number. If you are entering any numbers in thousands, such as "1000," do not use acomma separator in your answer.AverageMarginalProductLaborTotal OutputProduct101,000100100204,000300303005004016,000400505009006036,000 Given the cost information below, answer the following questions.OutputTotal Cost$10.00119.76229.06337.90446.31554.30Instructions: Enter your answers rounded to two decimal places.a. When output is 1, total variable cost is $b. When output is 2, average fixed cost is $c. When output is 3, average variable cost is $d. When output is 4, average total cost is $e. When output is 5, marginal cost is $

Total cost(TC) consists of fixed cost(FC) and variable cost(VC) Fixed cost is the one that doesn't…

Answered: c. When output is 3, average variable…

c. When output is 3, average variable cost is $ d. When output is 4, average total cost is $ e. When output is 5, marginal cost is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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AutoSave File Document! Word Chris Navo Home Insert Draw Design Layout References Mailings Review View MathType Help Acrobat Graphs Format Cobb and Douglas used economic data published by the government to obtain Table 2. Year P Year 1899 100 100 DOL 1911 148 216 1900 101 105 107 1912 155 1901 112 110 114 1912 1902 122 117 122 1014 169 152 244 1903 124 122 131 1915 109 156 266 1904 122 121 138 1916 225 183 1905 143 125 149 1917 227 1905 152 124 163 1915 223 201 1907 151 140 170 1919 218 19.08 126 123 485 1920 231 104 407 19.09 155 143 198 1921 179 146 417 1910 159 208 1922 240 161 431 Table 2 Swords et Predictions. The Cobb Douglass formula is P(L, K) = bLa K¹-a Determine monetary value of all the goods produced in 1 year or simply the production level in 1920 for a=.20 and b=1.01. Round to one decimal place.
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Travel Time Each Way Price of a Dress Store (Minutes) (Dollars per dress) Local Department Store 15 100 Across Town 30 86 Neighboring City 60 63 Juanita makes $56 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $56 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Price of a Dress Total Cost Opportunity Cost of Time (Dollars) (Dollars per dress) (Dollars) Store 100 Local Department Store 86 Across Town 63 Neighboring City 10:57 PM 36 F Clear 2/27/2022