irs of shoes their total cost is $500. Elliot's arginal cost to produce the 31st pair of shoes is 1. What is the average total cost of 31 pairs of nes?

Q: If marginal cost is $69 and the change in output is 17 units  Calculate change in total cost

A: The information being given is as follows:- Marginal cost = $69 Change in output = 17 units  Change…

Q: The following graph shows the marginal and average product curves for labor, the firm's only…

A: ATC = TC/Q Where, ATC = Average total cost TC = total cost Q= Output

Q: Consider the following cost information for a  pizzeria: a.What is the pizzeria's fixed cost?…

A: The total cost is the total expenditure incurred to the business during the production process of a…

Q: Draw the cost curve graph showing showing the 5 curves lab

A: In the realm of microeconomics, cost curves are pivotal in understanding the dynamics of production…

Q: Ginny is a hard-working college senior. One Sunday, she decides to work nonstop until she has…

A: The marginal, or additional, gain from Ginny’s second hour of work at each time is shown in below…

Q: Find market price if factor cost is$10and NIT is $20?

A: According to question  Factor cost =$10 NIT=$20 market price has to be calculated

Q: What is the summary of the video "See the true cost of your cheap chicken"

A: The eye opening video that exposes the cruel face of contract farming

Q: Kanye runs a musical dinner theater. Last year, he earned 50000 in revenue and had explicit cost of…

A: Implicit costs are the costs attributable to resources that are self-owned and used by themselves.…

Q: The table below shows the maximum output levels for Here and There. Cloth 110 Computers 60 120 Here…

A: Opportunity cost of production of an item alludes to the expense which the maker needs to forfeit…

Q: 25. Cost of Milk The graph shows the increase in the price of a quart of milk. Why might the…

A: From the graph

Q: Jane’s Juice Bar has the following cost schedules:a. Calculate average variable cost, average total…

A: The fixed cost is the cost that is associated with the fixed factors of production (factors that…