Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 2 hours per day. If she is following the marginal​ principle, what must her marginal benefit​ be? house of operation  marginal cost  1 6 2 12 3 18 4 24 5 30 6 36 7

Q: It is common for people trying to lose weight to notice that the first 10 pounds are much easier to…

A: Marginal cost is the change in total cost, per unit change in output.

Q: Based on the graph provided  i. What is Freda’s marginal cost for each cookie? ii. What is Freda’s…

A: Marginal Opportunity Cost :  Marginal Opportunity Cost may be defined as that amount of a good…

Q: a. What are Caroline’s explicit and implicit costs?  b. What is Caroline’s accounting profit?  What…

A: (Solving the first question).  Answer 1:  a. Explicit costs are those costs which are required to…

Q: Consider the following table: What is average total costs at 6 units of output?

A: Total Cost (TC) refers to the number of units produced by a firm in a given year. Total Fixed Cost…

Q: 9. Discuss the differences between Range A and Range C. Average Cost Range A Range B Range C ATC…

A: The average total cost curve (ATC curve) is a graphical representation of the relationship between…

Q: Output TFC TVC TC MC ATC A 25 25 --- --- ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A:

Q: Marginal cost is given by 20+ 10Q 12Q2. Fixed cost is 100. What is the average cost? OA. 100…

A: Average costs hold significance in firm theory by revealing efficiency levels, guiding production…

Q: QUESTION 6 Easy-toothy is a price-taking producer of tooth fairy's sling bags (these are bags for…

A: In a perfectly competitive market, firms are price takers because they do not have any control over…

Q: Given the following table: OUTPUT 0 123456 Part 1: The TVC of producing 4 units of output is Number…

A: Total cost is the sum of fixed cost and variable cost.  Fixed cost are the cost that doesn't change…

Q: 3. The graph below gives the marginal profit P'(x) for a company when it produces x products. P'(x)…

A: Given,

Q: Unit 4 Problem Set Assume that EarthScience's patent expires. GeoSci, a company with the capability…

A: *Hi there , as you have posted multiple questions we are  only allowed to answer the one question…

Q: Fil in the columes with Masasi's free-throw percentage for each garme and his overal free-throw…

A: Game Game Result (G) Total (T) Game Free throw percentage (G x 100) Avg Free Throw percentage (T…

Q: The production cost for a firm is given in the table below, calculate the marginal cost of producing…

A: Marginal cost is the additional cost of producing each additional unit of output.  Marginal cost =…

Q: Refer to the graph. For a certain output range (or quantity of pizzas produced per day), marginal…

A: Average total cost refers to the approximate total cost of production at different levels of…

Q: Use the following table and use your previous calculations at what quantity of output does marginal…

A: Total cost is the sum of total fixed cost and total variable cost. Marginal cost is the addition to…

Q: Suppose the cost of flying (operating) a 300-seat plane from Washington D.C. to New York City for…

A: Airline will choose  the alternative which would provide it the best possible profits . Profits =…

Q: The last column of Table 2.2 shows the marginal cost of Good U, which we also assume that the fixed…

A: We know; MC = Change in TC / Change in Q So; Change in TC = MC x Change in Q Average Cost = Total…

Q: A train track runs through a rancher's land. Each time a train runs on the track, it causes one of…

A: since you have asked a multipart question and according to our policy we can only solve the first 3…

Q: Table 15-4 Price per Dose $80 77645648 40 32 72 Quantity Demanded (dose) 0 24 1 2 3 4 5 6 7 16 8…

A: Profit refers to an excess income that a company earns, over the revenue from the sale of its…

Q: Dollars Per Unit B A 2 N O F Dollars Per Unit Y MC H I 4-14 S PERFECT COMPETITION PRACTICE EXERCISE…

A:

Q: Make or buy decision Dani’s Doohickeys can buy widgets from The Widget Company for $10 apiece or…

A: To decide whether to make or buy the widgets, Dani's Doohickeys needs to compare the total cost of…

Q: The figure shows a bakery's marginal and average cost curves, and its isoprofit curves. The bakery…

A: Perfect competition is a type of Market where there are very large number of firms,which sells…

Q: SMC 60 MR 50- ATC 42 50 40- 37 AVC 30 - 20 17 50 10 000 2000 3,000 4.000 Quantity units to i. If…

A: In perfectly competitive market, firms do not have any control over the market price. Price os…

Q: Remaining "How Did I Do?" Uses: 2/5 Two groups of.students decide to start their own tutoring…

A: Total cost is the sum of fixed and variable costs.

Q: 5. Discuss why the marginal cost curve (MC) has the following shape: 27 22.40 Costs 16 14 3 3…

A: Marginal cost (MC) is a fundamental economic concept that represents the additional cost incurred by…

Q: 13. The marginal profit for the new X-99 pogo stick is P'(x) = -0.1x + 60 where x is the number of…

A: Total revenue refers to the total quantity of goods and services sold. It can be calculated by…