Stella is considering expanding her plant. The average total costs for the larger plant are shown below. Output ATC (pizzas) ($) 158 13.54 240 12.06 306 11.13 364 10.50 416 10.09 464 9.84 509 9.74 Question 16 Homework Unanswered Stella's long-run average cost at the output level of 240 pizzas per week is 5. Type your numeric answer and submit Fullscreen

Stella is considering expanding her plant. The average total costs for the larger plant are shown below. Output ATC (pizzas) ($) 158 13.54 240 12.06 306 11.13 364 10.50 416 10.09 464 9.84 509 9.74 Question 16 Homework Unanswered Stella's long-run average cost at the output level of 240 pizzas per week is 5. Type your numeric answer and submit Fullscreen

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Joe quits his computer programming job, where he was earning a salary of $70,000 per year, to start his own computer software business in a building that he owns and was previously renting out for $20,000 per year. In his first year of business he has the following expenses: salary paid to himself, $45,000; rent, $0; and other expenses, $40,000. Find the accounting cost and the economic cost associated with Joe's computer software business. (Enter numeric responses using an integer.) The accounting cost of Joe's business is $ (Enter your response as an integer.) es Get more help Clear all Check answer
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TC = 200 + 60Q + 2Q² What is the average variable cost when 4 units are produced? Enter as a value. 248
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The monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical alpaca wool-manufacturing firm in Peru, are shown in the table below. All firms in the industry share the same costs as Alpacky, and the industry is in long-run equilibrium Output (units of wool) 0 1 2 3 4 5 AVC ($) 20.00 17.00 16.67 17.00 18.00 ATC (5) 30.00 22.00 20.00 19.50 20.00 MC ($) 20.00 14.00 16.00 18.00 22.00 Instructions: Round your answer to two decimal places. Given that the market is in long-run equilibrium, the market price is: $
Consider an airline's decision about whether to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Total Cost Number of Passengers (Dollars per flight) 40,000 10 60,000 20 65,000 30 68,000 40 70,000 50 71,000 60 72,500 70 73,500 80 74,000 90 74,300 100 74,500 Given the information presented in the previous table, the fixed cost to operate this flight is s At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 1,000 700 30 400 90 200 100
Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined
Answer the question on the basis of the following cost data. Average Fixed Average Variable Output Cost Cost 1 $ 50.00 $ 100.00 2 25.00 80.00 3 16.67 66.67 4 12.50 65.00 5:35 5 10.00 68.00 6 8.37 73.33 7 7.14 80.00 8 6.25 87.50 The marginal cost of the sixth unit of output is Multiple Choice О $440.00. $8.37.
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Question 37 In this table, the average cost of producing 100 units of output is: R Output Total Cost Variable Cost 0 $5,000 $0 100 $5,700 $700 200 $6,300 $1,300 300 $7,100 $2,100 400 $8,000 $3,000 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $57.00 Search b $31.50 C $20 d $23.67 Question 38 4- 4+ * hp 144 C f10 114 144 f12 + + 11 7/ ins prt sc delete home num