Imagine you are a manager at Power Boost Waters. Your company is known for producing bottled water for athletes and clubs and companies. Recently, you have been closely monitoring your production costs to ensure efficient operations. You have collected data on your short-run total cost schedule, which is a reflection of how your production costs change as you adjust the quantity of energy drinks produced in the short run. This data provides valuable insights into the cost structure of your business and can help you make informed decisions about pricing, production levels, and profitability. The following table represents the short-run total cost schedule of Power Boost Waters. Study the table, and then answer the question. Labour (workers per day) 0 1 a) b) c) d) 2 3 4 5 Output (bottles of mineral water per day 0 30 80 120 R5 R6 R12,50 R20 140 150 Total cost (R) 400 700 1000 1 300 When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is 1600 1900

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QUESTION 21
Imagine you are a manager at Power Boost Waters. Your company is known for producing bottled water for
athletes and clubs and companies. Recently, you have been closely monitoring your production costs to
ensure efficient operations. You have collected data on your short-run total cost schedule, which is a
reflection of how your production costs change as you adjust the quantity of energy drinks produced in the
short run. This data provides valuable insights into the cost structure of your business and can help you
make informed decisions about pricing, production levels, and profitability.
The following table represents the short-run total cost schedule of Power Boost Waters. Study the table, and
then answer the question.
Labour
(workers per day)
0
1
2
3
4
5
a) R5
b) R6
c)
d) R20
Output
(bottles of mineral
water per day
0
30
80
120
R12,50
140
150
Total cost
(R)
400
700
1 000
When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of
mineral water is
1 300
1 600
1900
ENG
Transcribed Image Text:QUESTION 21 Imagine you are a manager at Power Boost Waters. Your company is known for producing bottled water for athletes and clubs and companies. Recently, you have been closely monitoring your production costs to ensure efficient operations. You have collected data on your short-run total cost schedule, which is a reflection of how your production costs change as you adjust the quantity of energy drinks produced in the short run. This data provides valuable insights into the cost structure of your business and can help you make informed decisions about pricing, production levels, and profitability. The following table represents the short-run total cost schedule of Power Boost Waters. Study the table, and then answer the question. Labour (workers per day) 0 1 2 3 4 5 a) R5 b) R6 c) d) R20 Output (bottles of mineral water per day 0 30 80 120 R12,50 140 150 Total cost (R) 400 700 1 000 When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is 1 300 1 600 1900 ENG
Kindly
QUESTION 21
Imagine you are a manager at Power Boost Waters. Your company is known for producing bottled water for
athletes and clubs and companies. Recently, you have been closely monitoring your production costs to
ensure efficient operations. You have collected data on your short-run total cost schedule, which is a
reflection of how your production costs change as you adjust the quantity of energy drinks produced in the
short run. This data provides valuable insights into the cost structure of your business and can help you
make informed decisions about pricing, production levels, and profitability.
The following table represents the short-run total cost schedule of Power Boost Waters. Study the table, and
then answer the question.
Labour
(workers per day)
0
1
assist with this problem
2
3
4
5
a) R5
b) R6
c) R12,50
d)
R20
Show Transcribed Text
Output
(bottles of mineral
water per day
Ĵ
0
30
80
120
140
150
When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of
mineral water is
Total cost
(R)
400
700
1000
1300
1600
1900
ENG
Transcribed Image Text:Kindly QUESTION 21 Imagine you are a manager at Power Boost Waters. Your company is known for producing bottled water for athletes and clubs and companies. Recently, you have been closely monitoring your production costs to ensure efficient operations. You have collected data on your short-run total cost schedule, which is a reflection of how your production costs change as you adjust the quantity of energy drinks produced in the short run. This data provides valuable insights into the cost structure of your business and can help you make informed decisions about pricing, production levels, and profitability. The following table represents the short-run total cost schedule of Power Boost Waters. Study the table, and then answer the question. Labour (workers per day) 0 1 assist with this problem 2 3 4 5 a) R5 b) R6 c) R12,50 d) R20 Show Transcribed Text Output (bottles of mineral water per day Ĵ 0 30 80 120 140 150 When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is Total cost (R) 400 700 1000 1300 1600 1900 ENG
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