Which of the below statements about the steel industry is true? O a. In the 70s the new technology of Direct Reduced iron produced a scrap substitute from iron ore called sponge iron that fed O b. integrated firms embracing a vertical integration strategy utilized electric arc furnaces to melt scrap steel O. Minimills utilized blast furnaces to melt iron ore O d. Technologically there are three groups of steel makers: integrated firms, minimils and specialty steel makers producing sp

Which of the below statements about the steel industry is true? O a. In the 70s the new technology of Direct Reduced iron produced a scrap substitute from iron ore called sponge iron that fed O b. integrated firms embracing a vertical integration strategy utilized electric arc furnaces to melt scrap steel O. Minimills utilized blast furnaces to melt iron ore O d. Technologically there are three groups of steel makers: integrated firms, minimils and specialty steel makers producing sp

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q Total Cost ATC AFC MC 0 10 - - - 10 12 12/10=1.2 10/10=1 12-10/10-0=0.2 20 16 16/20=0.8 10/20=0.5 16-12/20-10=0.4 30 26 26/30=0.867 10/30=0.333 26-16/30-20=1 40 38 38/40=0.95 10/40=0.25 38-26/40-30=1.2 50 75 75/50=1.2 10/50=0.2 75-38/50-40=3.7 60 120 120/60=2 10/60=0.167 120-75/60-50=4.5 If the market price is $1.00 then what output or q (in the units of 10) is the most profitable production level?
How is MC calculated? 300 for the first MC is incorrect.
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Hi, I have been trying to compute the optimal values from this lagrangian. But I can't seem to find a way to get the values from the answer key. I attached both the question and answers. Could you please explain to me how to get these values from the first-order conditions? Thank you very much
What is the optimal number of clusters based on this graph? Average silhouette width 0.3 0.2 0.1 0.0- 07 02 05 O 10 Optimal number of clusters Silhouette method 12 3 6 7 4 5 Number of clusters k 8 9 10
FC VC TC MC AFC AVC ATC 1 12 2 100 4 46 30 11 6.