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A. Implicit
В. Еxplicit
C. Real
D. Nominal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea01e3dd-8512-4ba4-841d-0674f50c307e%2Fa3ad61b9-dda3-4f90-8cd1-7dbe78611755%2Fqo93ioi_processed.jpeg&w=3840&q=75)
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- You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $600,000 per month, and you have contractual labor obligations of $1,250,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper. Instructions: Round your answers to 2 decimal places. c. What happens to the minimum amount that you must charge to break even on these costs? It increases from $...........per paper to $2.76. what is the price for paper?computer system. The last run of the production cost schedule resulted in the incomplete listing shown below (listed as question numbers). From your knowledge of cost theory, solve for the values in the table to the corresponding questions below. During the last few days the Superior Company has been running into problems with its ATC AFC - MC TC TFC TVC 75 75 A 75 100 75 В 1 75 37.5 15 TC total costs, TFC = total fixed costs, TVC = total variable costs, ATC = average total costs, %3D %3D AFC = average fixed costs, AVC = average variable costs, MC = marginal costs What is the correct numerical value for C in the table? 100 37.5 O 57.5 O 20QUESTION 3 Two inputs, labour (L) and capital (K) are used to produce a given output. The Marginal Product of L is equal to K: the Marginal Product of K is equal to L The hourly wage is w = 1; the interest rate is r= 2. Which of the following mixes of inputs could be cost minimizing for some level of production? O a. (K-0, L=100) Ob.(K=100, L-200) OC (K-200, L=100) O d. (K-1, L=3) O e (K=0, L-3)
- MC Qu. 41 If the variable cost curve is a straight... If the variable cost curve is a straight line, then the marginal cost curve will be horizontal. marginal cost curve is upward sloping. Omarginal cost curve will be U-shaped. Omarginal cost curve may be U-shaped.a) Fill in the empty cells in the table. You have been also given following additional info- Price = $ 10 Wage = $ 1500 Labor (L) Output (q) Marginal Product of Labor Value of the marginal product of labor: Wage Marginal profit 0 0 1 400 2 720 3 960 4 1020 b) When the company should stop hiring Workers. Explainworkers ouput marginal product total cost average total cost marginal cost 0 0 0 200 0 $0 1 20 20 300 $15 $5 2 50 30 400 $8 $3.33 3 90 40 500 $5.56 $2.50 4 120 30 600 $5 $3.33 5 140 20 700 $5 $5 6 150 10 800 $5.33 $10 7 155 5 900 $5.8 $20 can you explain diminishing marginal product based on these numbers?
- Which of the following is most likely to be a variable cost for a firm? B. O an annual payment for insurance on the firm's plant O the interest payments made on equipment loans O the monthly rent on office space that it leased for 5 years O the wages paid to workers. - Previous Next 21 étv A MacBook Pro22. Ahmed's Pizza House sells extra-large deluxe pizza at OMR 9,000 per pizza. The cost of ingredients to make extra large deluxe pizza is OMR 2.000, Ahmed pavs each of his employees OMR 60 per day. He also incurs a fixed cost of OMR 120 per day Calculate Ahmed's average fixed cost per day when he produces 50 extra-large deluxe pizza using two workers. a/pz 2/piz- price inpuls 1289 a. OMR 2.000 1265 bOMR 2.400 c. OMR 4.400 d. OMR 6.800If a cost-minimization firm’s marginal product of labor equals 1 ton of output, while the marginal product of capital equals 7 tons of output and the cost of capital is $14 per unit, then A. The cost of labor must be $1/7 B. The cost of labor (wage rate) must be $2 C. The cost of labor must be $7 D. The cost of labor must be $14 as well
- are likely a fixed cost of a firm. A Utility costs B The costs of raw materials used in production Mortgage payments for a new warehouse D Expenses for holiday office partiesChoose the implicit cost. * O a. Dividends paid out to stockholders b. The uncompensated services of the spouse of a firm's owner c. Payments made to workers who are unproductive O d. All of the above are implicit costs.true or false The diminishing marginal product implies that the total product is decreasing at an increasing rate.
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