Table 13-9Output01020304050Refer to Table 13-9. What is variable cost whenoutput equals 30 units?Select one:a.$90.00O b. $4.33C.$40.00Total Cost406090130180240d. $4.00 Suppose that an MBA degree creates no externalitybecause the benefits of an MBA are internalized bythe student in the form of higher wages. If there areno government subsidies for MBAS, then which ofthe following statements is correct?Select one:a. The equilibrium quantity of MBAs will equalthe socially optimal quantity of MBAs.b. There is not enough information to answerthe question.O c. The equilibrium quantity of MBAs will beless than the socially optimal quantity ofMBAS.d. The equilibrium quantity of MBAs will begreater than the socially optimal quantity ofMBAS.

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Answered: Refer to Table 13-9. What is variable…

Refer to Table 13-9. What is variable cost when output equals 30 units? Select one: O a. $90.00 O b. $4.33 O c. $40.00 O d. $4.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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8. Ahmed's Pizza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of ingredients to make extra-large deluxe pizza is OMR 2.000. Ahmed pays each of his employees OMR 60 per day. He also incurs a fixed cost of OMR 120 per day. Calculate Ahmed's variable cost per day when he produces 50 extra-large deluxe pizzas using two NC- AVC x workers. %3D 10 100
QUESTION 18 The law of diminishing returns indicates that O A. the demand for goods O C. as extra units of a variable O D. beyond some point, the extra utility O B. because of economies and diseconomies of scale, a competitive resource are added to a fixed resource, marginal product will decline beyond some point derived from additional units of a produced by purely competitive industries is downwarde sloping product will yield the consumer firm's long-run average total cost curve will be U-shaped smaller and smaller extra amounts of satisfaction
Suppose you have a pizza shop. Your rent is $800 and you've spent $1950 on labor and materials to make 550 pizzas in one month. What are your total FIXED costs? O $800 O $1950 O $2750 Cannot be determined
Consider the following production schedule: Output per hour Total Cost 0 $ 1 $ $ $ $ 4.00 7.00 8.00 12.50 17.20 $ 22.00 $ 29.00 In the above table, the firm's total fixed cost of production is 2 3 4 5 сл LO 6 $99.70 $4 $29 $3 $7
69 O Completed 17 out of 20 Question 7 of 20 Because P> MR, which equation applies to the value of a firm's marginal product? O VMPL = MRPL O VMPL > MRPL O MRPL = VMPL O VMPL < MRPL LAPTOP LOGIN acer r USERNAME: student PASSWORD: Broward1 TravelMate B F8 F10 F11 95
The following is a table of cost for a toy manufacturing firm. The variable input is labor. Use this table to answer the following question. Average variable Average fixed cost Average Variable Quantity of toys Total costs cost total cost costs $0 $20 $10 A $40 В In the cell B, which number is correct? 10 O 5 none of these options is correct O 15
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QUESTION 18 Table Average Average Average Total Total Fixed Variable Marginal Quantity Fixed Variable Cost Cost Cost Cost Cost Cost Cost $50 S50 SO -- -- -- 1 $150 A C D E F G H I S120 J K 3 M P $120 R Refer to Table. Based on the information given in the above table, the value of F will be O a. $200 O b.$50 O c. $150 O d. $100
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O is equal to the fixed cost, FC. O is equal to the average variable cost, AVC. QUESTION 2 The average total cost to produce 100 cookies is $0.35 per cookie. The marginal cost is constant at S0.20 for all cookies produced, what is the total cost to produce 100 cookies? O $35 O s100 O s0.35 O S0.20 QUESTION 3 Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL