QUESTION 10 DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShawn's cost for a basic detailing package is $40, and he charges $75 for this service. For a total price of $90, DeShawn will also detail the car's engine, a service that adds an additional $20 to the total cost of the package. What is the marginal cost of adding the engine detailing to the basic detailing package? O $20 O $30 O $60 O $60 plus the value of his time QUESTION 11 Costs of production are determined O by the technologies that are available and by input prices O only by the technologies that are available O only by the input prices O by the technologies that are available and by the demand for the output QUESTION 12 If a producer is not able to expand its plant capacity immediately, it is O bankrupt O operating in the long run operating in the short run O losing money

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

q 10,11,12 please thank you multichoice

 

QUESTION 10
DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShawn's cost for a basic detailing package is
$40, and he charges $75 for this service. For a total price of $90, DeShawn will also detail the car's engine, a service that adds an additional
$20 to the total cost of the package. What is the marginal cost of adding the engine detailing to the basic detailing package?
$20
$30
$60
$60 plus the value of his time
QUESTION 11
Costs of production are determined
by the technologies that are available and by input prices
only by the technologies that are available
only by the input prices
by the technologies that are available and by the demand for the output
QUESTION 12
If a producer is not able to expand its plant capacity immediately, it is
bankrupt
operating in the long run
operating in the short run
O losing money
Transcribed Image Text:QUESTION 10 DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShawn's cost for a basic detailing package is $40, and he charges $75 for this service. For a total price of $90, DeShawn will also detail the car's engine, a service that adds an additional $20 to the total cost of the package. What is the marginal cost of adding the engine detailing to the basic detailing package? $20 $30 $60 $60 plus the value of his time QUESTION 11 Costs of production are determined by the technologies that are available and by input prices only by the technologies that are available only by the input prices by the technologies that are available and by the demand for the output QUESTION 12 If a producer is not able to expand its plant capacity immediately, it is bankrupt operating in the long run operating in the short run O losing money
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education