Consider table 3.1. What is the dollar amount of average variable cost per unit at the production level of 600 units?TC=3205Production(units)0100Select one:O a. 4.04O b. 4.34Oc 4.74O d. 5.04200300400500600700Rent$300$300$300$300Wages$200$410$650$900$1,200$300$300$1,520$300$1,905$300 $2,300Supplies Tools$0$10050$100$150$200$250$300$350$200$300$400$500$600$700$800Total Cost$600$960$1,350$1,750$2,200$2,670$3,205$3,75032057003002,205 TVC1-2205/600=3.675A

The expenses incurred by an individual or firm in the process of producing a good or providing a…

Consider table 3.1. What is the dollar amount of average variable cost per unit at the production level of 600 units? TC= 3205 Production (units) 0 Select one: O a. 4.04 100 200 O b. 4.34 Oc 4.74 O d. 5.04 300 400 500 600 700 Rent $300 $300 $300 $300 $300 $300 $300 $300 Wages Supplies $0 $200 $410 $650 $900 50 $100 $150 $1,200 $200 $1,520 $250 $1,905 $300 $2,300 $350 Tools Total Cost $100 $200 $300 $400 $500 $600 $700 $800 $600 $960 $1,350 $1,750 $2,200 $2,670 $3,205 $3,750 3205 700 300 2,205 TVC 2205/600 3.675

Consider table 3.1. What is the dollar amount of average variable cost per unit at the production level of 600 units? TC= 3205 Production (units) 0 Select one: O a. 4.04 100 200 O b. 4.34 Oc 4.74 O d. 5.04 300 400 500 600 700 Rent $300 $300 $300 $300 $300 $300 $300 $300 Wages Supplies $0 $200 $410 $650 $900 50 $100 $150 $1,200 $200 $1,520 $250 $1,905 $300 $2,300 $350 Tools Total Cost $100 $200 $300 $400 $500 $600 $700 $800 $600 $960 $1,350 $1,750 $2,200 $2,670 $3,205 $3,750 3205 700 300 2,205 TVC 2205/600 3.675

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The profit (in dollars) from the sale of x lawn mowers is II(x) = 70 x -0.07 x2 - 750. The correct interpretation of the marginal average profit of producing 40 mowers is Select one: O a. Can not tell. O b.At production level of 40 mowers a unit increase in production will increase the total profit by $0.40 per mower. O c. At production level of 40 mowers the average profit is increasing at a rate of $0.40 per mower. O d. At production level of 40 mowers the average profit is $0.40 per mower.
Ot
TVC TC AVC MC 15 23 30 Answer the following questions: 1- What is the total fixed cost (TFC) of producing 2 tables?* a. 0 O b 15 O c. 27 d 12
Q38 and Q39
QUESTION 3 Which of the following relationship is correct? O When marginal product (MP) starts to increase; marginal cost (MC) starts to increase O When marginal product (MP) starts to decrease, marginal cost (MC) starts to decrease O When marginal product (MP)starts to decrease, marginal cost (MC) starts to increase O When marginal cost (MC) starts to increase; average variable cost (AVC) starts to decrease
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
The first unit of an eight-unit job took 64 minutes. If the work has a 75% learning curve, which is your estimate of the minutes that will be needed for the last unit (Apply the incremental unit Time Model)? O a. 48 O b. 54 O c. 36 O d. 27
please answer asap
Number of Employees Total Production Marginal Product of Labor Marginal Revenue Product O 1 2 3 4 O Four employees O One employees O Three employees O OTwo employees 9 24 36 43 O 9 If the price of the item is $15.00 per unit and the employees cost $125 each, how many employees should the firm hire to maximize their profit? 15 12 7
Dollars per unit $15 $14 $13 $12 $11 $10 $9 58 $7 $6 $5 $4 $3 $1 $15 O $5 O $3 O $10 500 750 MC Referring to the graph above, the profit-maximizing price is AVC 1,000 1,250 -MR=D ATC Quantity
MC ATC AVC MARKET PRICE AFC 15 P.
. What are the firm's fixed costs?$ c. What is the variable cost of producing 475 units of output (use least-cost)?$ d. How many units of the variable input should be used to maximize profits?e. What are the maximum profits this firm can earn?$ f. Over what range of the variable input usage do increasing marginal returns exist?From ___ to ____g. Over what range of the variable input usage do decreasing marginal returns exist?From ___ to ___h. Over what range of input usage do negative marginal returns exist?From ___ to ___ . What are the firm's fixed costs?$ c. What is the variable cost of producing 475 units of output (use least-cost)?$ d. How many units of the variable input should be used to maximize profits?e. What are the maximum profits this firm can earn?$ f. Over what range of the variable input usage do increasing marginal returns exist?From to g. Over what range of the…