Suppose a firm has the ability to produce soap, toothpaste, or both. If the firm produces as units of soap and no toothpaste, then the total cost of production will be $14 thousand. If instead the firm produces q units of toothpaste and no soap, then the total cost of production will be $24 thousand. However, if the firm produces both as units of soap and qr units of toothpaste, then the firm's total cost of production will be $95 thousand Does this firm potentially experience economies of scope, diseconomies of scope, or no economies of scope? This fim potentially experiences diseconomies of scope What is the firm's degree of diseconomies of scope? The degree to which this firm potentially experiences diseconomies of scope is (Enter your response rounded to two decimal places, using a minus sign if necessary.) Enter your answer in the answer box.

Q: give me an example of marginal analysiss in a table

A: Marginal analysis is based on consumption of an additional unit of the good.  The table below shows…

Q: do fast i will 5 upvotes.

A: Step 1: Setting Up the Cost MatrixWe begin by defining a cost matrix based on the hours each worker…

Q: of scale. As Big Jake Lumber expands, the cost of shipping the lumber drops sharply. This is an…

A:

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: To calculate the time required to hunt the 25th goat given the initial time of 30 minutes and a…

Q: A change in the number of hotel rooms that Caesars has would cause? a/an change in? Caesars' total…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: If the slope of the total productivity line is decreasing as output increases, what does that say…

A: Marginal product is the increase in units if goods due to the additional unit of worker.    Marginal…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: a) Completing the Table:To complete the table, we need to calculate the Marginal Cost (MC) and…

Q: Give an example of "diseconomies of scale" and describe how this diseconomy could arise.

A: Diseconomies of scale occurs where an increase in the production level causes rise in the cost of…

Q: Indicate whether each of the following is anexplicit cost or an implicit cost.a. A manager’s…

A: Explicit Costs are costs that are directly incurred by the business. They can be seen in the…

Q: Define Explicit and Implicit Costs.

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

Q: II. Helping Conchita-Crem to minimize costs Suppose that the labor cost of Conchita-crem is $20 USD…

A: Given production function q=10L^0.5 K^0.5 Price of labor=$20 Price of capital=$5

Q: Dollars C BA EF Multiple Choice MC must be increasing. AVC Refer to the figure above. At output…

A: Average Fixed Cost (AFC) is a metric used in economics and business to measure the fixed cost per…

Q: 5. Refer to the information provided in the following figure, If this firm's cost of labor is $10…

A: Total cost is the cost incurred for the production of goods and services.  TC = wL + rK

Q: What is the difference between explicit and implicit costs in economics? Don't use chatgpt please…

A: In the intricate dance of economic decision-making, two key actors strut across the stage: explicit…

Q: Give one limitation of marginal analysis and explain why?

A: As economies emerged, goods and services were produced that required machinery and labor. With time,…

Q: Suppose the fictional country of Teton produces only two goods: sorghum and handbags. The following…

A: The production possibility frontier (PPF), also known as the production possibility curve, is a…

Q: Mika borrows $100,000 to start up her own beauty shop. She pays 5 percent interest on her loan. In…

A: Explicit cost is the actual monetary expenditure incurred to run the business. Implicit cost is the…

Q: Which of the following is also known as the firm's planning curve? The total cost curve O The…

A: Over the long run, all inputs are variable and firm can change its plant size according to the…

Q: 3 When the inputs price ratio (sliope of cost line) is greater than the MRTS, (MPK/PK > MPL/PL) the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is sunk cost? Provide an example of a sunk cost. Why are such costs irrelevant in making…

A: Costs refer to the expenses which are made by the firms in the production of goods, and services.…

Q: Question: Orla manages a loom that produces flags (F) using thread (T) and dye (D) as inputs. Her…

A: Given  The production function of flags Q(T,D)=T1/2D1/21/2                 .... (1)

Q: Economics Long run average cost is increasing in economies of scale? 1) True 2) False

A: There are two type of scale in business or firm , economies and diseconomies of scale here we can…

Q: 2. Consider a perfectly competitive industry where each firm has the cost structure described above.…

A: In a competitive market, the equilibrium price and quantity are determined by the intersection of…

Q: Learning curves and economies of scales are not necessarily the same thing.” Justify your position…

A: A unit cost is a net expense paid by a business to manufacture, stock, and deliver each unit of a…

Q: Consider the following information about the input choices and prices, produci the same output in…

A: Cost minimization refers to optimal usage of factors of production such that for production of a…

Q: In some ordering problems, like the one for Sam’s Bookstore, whenever demand exceeds existing…

A: This question asked us to modify Sam's inventory model to incorporate expedited orders at the…

Q: Output Total Fixed Cost Total Variable Total Cost Average Fixed Average Variable Average Total…

A: Total cost is the sum of total fixed cost and total variable cost. Average cost is the per unit cost…

Q: None

A:

Q: Why should sunk costs be ignored for decision making? Give an example of why it makes sense to…

A: Sunk cost are those cost which have been caused and the sum spent can not be recovered.since the…

Q: Christ Embassy ICA CHORCHS Complete the fallowing coA schedules LoutPutioalcostlAverage coA Marginal…

A: Average cost is minimum at output 4 where AC = 20/4 = 5. MC is minimum at output 4 where MC = 2

Q: fixed cost (AFC) curve?

A: Average fixed cost (AFC) is the per unit total fixed cost of production.

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: Refer to the information provided in Table below to answer the question that follow. Number of…

A: The sum of all the variable costs incurred by a business in the production of goods or services is…

Q: when marginal cost is less than average total cost is falling true False

A: Answer (21). True, Explanation: When the marginal cost is less than the average total cost, the…

Q: While reviewing a page of cost details provided by your accountant, you spill coffee on it and make…

A: Total Cost = Fixed Cost + Variable Cost  Marginal Cost is the additional cost incurred by the…

Q: Explain Isocost line?

A: The cost implies the incurred cost on producing of an output. The costs are of two types: Explicit…