WHAT ARE THE PRESENT WORTH AND THE ACCUMULATED AMOUNT OF A 10-YEAR ANNUITY PAYING $10,000 AT THE END OF EACH YEAR, WITH INTEREST AT 15% COMPOUNDED ANNUALLY?

Q: Merlin builds tables that she will sell for $200 per table. Her fixed costs for building the table…

A: fixed costs, also known as indirect costs or overhead costs, are business expenses that are not…

Q: Explain Implicit and Explicit cost with the help of suitable example?

A: Firms undertake production by employing many resources. There are hiring costs of inputs like labor…

Q: that the dollar cost of producing X appliances is c(x) = 1000+70x-0.1x². ■ Find the average cost per…

A: Total cost is the cost incurred by the firm on the production of final goods and services. The total…

Q: Adam operates a factory that produces beach towels. His current level of output equals 1000 towels…

A: Average total cost is referred to as the sum total of all production costs divided by the total…

Q: What is optimization? How does it blow up the myth about profit being a result of a mere…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: In the long run, the total cost function will be: Selected answer will be automatically saved. For…

A: Long run is the time period where no inputs are fixed instead all inputs are variable.  In short run…

Q: MyCollege Clothing Company manufactures expensive sweatshirts to sell to college bookstores in…

A: Answer: Note: we are not allowed to provide handwritten solutions it is strictly prohibited. (A).…

Q: If a firm is using optimal input proportions, it is minimizing its costs

A: A firm determines optimal input proportions by equating the slope of the isocost line with the slope…

Q: If marginal cost is greater than average total cost, then average total cost must be increasing.…

A: The marginal cost curve is downward sloping when it is below ATC. At the same time ATC is also…

Q: Rather than have all the tasks in a production setting being done by the same person, but by…

A: In economics, the problem of scarcity which is universal in nature is studied and addressed. Because…

Q: Suppose f(x1, x2)= x1 1/3x21/2,w₁=w2=1,for pr ofit maximization, what is the long-run cost function?…

A: Given  Production function: fx1,x2=x11/3x21/2           ........(1) Input prices are w1= w2 = 1 We…

Q: Justify the statement. T/F  Variable cost change with the change in the level of output in a…

A: Cost is the monetary value of the resources that are given up or depleted in order to accomplish a…

Q: 4. Optimize the following function and comment about the findings. y =- 5x; +10x, + x,x, • 2x{ +4x;…

A: here we optimize the following function as given below;

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: f the cost of producing 100 pies is $274 the average total cost is?

A: Average total cost refers to total cost per unit of output. It is the sum of average fixed cost and…

Q: can you answer part D  The average cost of production per thousand board feet is ​    ​(Round to…

A: Total Cost = Total Fixed Cost + Total variable costAverage cost = Total Cost / Quantity

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: What are two examples of variable costs?

A: Variable costs depends on the level of output being produced by the firm.

Q: Suppose a firm has only three possible plant-size options, represented by the ATC curves shown in…

A: Production cost is the monetary value incurred on factor of production . And average total cost is…

Q: Before the point of diminishing marginal returns, marginal cost will be increasing. Group of answer…

A: The law of diminishing marginal returns states that adding more and more variable input to a fixed…

Q: An Accountant would say that total costs equal out-of-pocket costs plus opportunity cost. O True O…

A: Economic cost is the sum of out of pocket expenses and opportunity cost  Accounting cost is out of…

Q: Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day…

A: The variable cost is $60 per worker a day. At 90 units of output (i.e. when 90 cars are washed in a…

Q: We have looked at different methods for calculating the cost of meals (food cost + production cost +…

A: Actual food costs can be used for the calculation of meal costs. A cost-plus pricing strategy can be…

Q: Expalin the law of diminishing returns or diseconomies of scales ?

A: In an economy, the law of diminishing returns and diseconomies of scale are two different concepts,…

Q: “Sunk cost is a fixed cost, but not in the long term.” Is this statement true or false? Explain!

A: In an economy, the cost is classified in different forms according to its effect on organizational…

Q: What’s law of diminishing returns

A: The law of diminishing returns would operate since the output would not expand at rising rates.

Q: Ten-year old Sarah is starting a lemonade stand, she uses baskets of lemons (L) and other…

A: Introduction We have given a production function of Sarah. She produces a basket of lemons and units…

Q: Vipsana's Gyros House sells gyros. She incurs a fixed cost of $120 per day. Vipsana pays $60 per day…

A: Fixed costs(FC) are expenses that do not alter regardless of the production(Q) level. These are…

Q: 12. Which of the following production function shows decreasing returns to scale? (a) f(r) = min{x1,…

A: Answer - Need to find- Which production function shows decreasing return scale  1. Answer - f(x) =…

Q: Illustrate an example of your choice and discuss consumer surplus, producer surplus, Total surplus,…

A: Consumer surplus refers to the gain of the consumer when the price they are willing to pay is more…

Q: 2. The consumer utility function has the following form: TU(Qx, Qy)=QxQy Knowing that the prices of…

A: Given the utility function TU(Qx​,Qy​)=Qx​⋅Qy​, prices Px​=1 and Py​=2, and income M=40, we can…

Q: True or False The average total cost cannot equal marginal cost.

A: Average total cost It refers to the total cost per unit of production. ATC = TC/Q where ATC is…

Q: Describe the unit-of-production method?

A: Answer -  Unit of Production method - It is method which help to calculate depreciation of value of…