Superconductor technology is becoming a widespread and indispensible component of the machines we use today. Superconductors can be found in everything from transportation to electronic signal transmission. Due to our increasing reliance on technology, the demand for superconductors has skyrocketed. As a result, production has also increased exponentially, which has greatly reduced the cost per unit.

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Q: Refer to the Long Run Average Total Cost curve below to answer the following questions:

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A: a.)Total cost:Total cost can be calculated as follows:

Q: Which of the following can we conclude when production has economies of scale? Marginal cost…

A: please find the answer below.

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Q: The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new…

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A:

Q: Production Data In class, we learned about different kinds of average and marginal costs. Workers…

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A: Variable cost is that cost that varies with the change in production level. Hence, the variable cost…

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Q: Per-unit cost-$

A: The average cost associated with producing or obtaining a singular unit of a particular product or…

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A:

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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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