Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. choose all that apply.     The aspirin Sharon receives   Sharon's labor   The $175 Paolo spends to purchase necklace from Classy's Jewelry Store   The $300 per week Paolo earns working for Pillmart Pharmacy

Q: Jerry's snowboards Total Labor Product (workers (boards Marginal Product of Labor ТР Average Product…

A: "Average product indicates the number of units produced per worker.""Marginal product of an input…

Q: Product Fixed Variable Total workers) (boards) Costs Costs Cost Cost Costs Costs Cost 1 20 2 44 3 60…

A: Fixed Cost : The components of production process which are independent in nature which the cost of…

Q: Suppose the isoquant represents the production of 120 pencils. What will happen to the isocost and…

A: A. If labour become more costly than the isocost line will pivot towards left from horizontal axis…

Q: The production function is Q = 18K + 9L. Rent is $80 and wage is $40. Draw a graph of the isocost…

A: Q = 18K + 9L  Cost = rK + wL = 80K + 40L

Q: Draw the production function of Bruno’s firm. Your diagram should have the number of workers on the…

A: Production function refers to the functional relationship between input and output.

Q: Shan's Dumpling House can produce 100 dumplings, using one worker, and 175 dumpling, using two…

A: Marginal product means the increase in the total output because of addition of one more labor.

Q: Isorevenue lines What does the graph above indicate? Choose Isocost lines 4 Labor An Isoquant The…

A: The Isoquant refers to the different combination of two inputs that produce the same level of…

Q: Each extra worker produces an additional unit of output up to six workers. As more workers are…

A: MP curve is essential for figuring out the best way to use resources and set prices The APcurve…

Q: Suppose that Maria is starting a food ordering and delivery company. Customers order meals online.…

A: Fixed costs are expenses that do not change with the level of production or sales, such as rent or…

Q: Explain the difference between the simple and complex economies

A: According to the given question In general on the basis of the degree of the division of labour and…

Q: Each extra worker produces an extra unit of output up to six workers. After six, no additional…

A: Total production refers to the output produced by the factors of production. Marginal output refers…

Q: Use the information in the table to answer the two questions that follow about Monster's Ink, a…

A: Marginal product refers to the change in output or production that is achieved by adding one…

Q: The following graph shows the marginal and average product curves for labor, the firm's only…

A: Marginal cost is the additional cost incurred by a producer for producing one more unit of an…

Q: Suppose that Maria is starting a food ordering and delivery company. Customers order meals online.…

A: Maria is starting a food ordering and delivery company. Meals are ordered online. Maintenance of the…

Q: If 1 orchard, 7 workers, and 3 tons of fertilizer yield 1,000 kg of apples, while 1 orchard, 7…

A: Using definitions  Marginal product = changes in total output/ change in input. Average  = total…

Q: At Stacy's current production level, an extra bunch of hats adds 20 extra scarves. Each bunch of…

A: Marginal cost is the additional cost of producing an additional unit of output.

Q: The marginal rate of technical substitution means most likely that O Labor and capital cannot be…

A: Marginal rate of technical substitution is the slope of isoquant that shows combinations of inputs…

Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: The figure provided shows the total product curve for different levels of a variable input,…

Q: Draw the following isoquants: a. In the production of chips, three machines and one person can…

A: 5-step explanation of the solution: Part (a): Production of ChipsStep 1: Identify the given…

Q: nn leases a farmer's field and grows melons. She hires students to pick and ack the melons. The…

A: The average product of labour is found by dividing the total product of labour (TPL) by the amount…

Q: XYZ restaurant sells donuts at $2 per unit. It uses capital (which it rents at $5 per hour under a…

A:

Q: the number of workers increase. Use the total production

A:

Q: Draw the total product of labor, average product of labor, and marginal product of labor curves in a…

A: The marginal product of labor shows the addition to the total production due to each extra unit of…

Q: Labor Total product (houses per week) (students) 1 3 7 3 12 16 19 5 21 Lizzie hires students in the…

A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods…

Q: A firm pays $10 per unit of labor and $5 per unit of capital. make diagram of the isocost curves for…

A: An isocost line represents all combinations of labor and capital that result in the same total cost.…

Q: Answer the attach file

A: Total product/Total physical product is the total output produced when a change in one variable…

Q: Draw the diagram of the decreasing LAC curve an increasing LAC curve?

A: According to the given question LAC curve( Long run average cost curve) the shapes of the LAC curves…

Q: The production function expressed in the table below represents the amount of hot dogs Hot Dog on a…

A: Marginal product refers to the additional output or production that is generated by using one…

Q: Construct Tent's marginal product and average product schedules Complete the table

A: Marginal product measures the change in total product due to a change in one factor, keeping other…

Q: Suppose that Maria is starting a food ordering and delivery company. Customers order meals online.…

A: Production functions shows the relationship between inputs and outputs.  Production functions shows…

Q: The production function expressed in the table below represents the amount of hot dogs Hot Dog on a…

A: Marginal product refers to change in total product or output by adding one more unit of input.

Q: Create a table that describes the input combinations of labor and wheat flour used to make a…

A: On a graph that depicts production and the trade-off between two factors required to maintain that…

Q: 34. An iso-quant gives: Combinations of output that can be produced using different levels of inputs…

A: A graphical representation of all the possible combinations of two or more inputs that would give…

Q: The table below shows output data for hiring workers to produce movie tickets. Use the given…

A: The technological relation between input and output is called production function. The greatest…

Q: Tsubasa Kajitani can earn $4 million per year as a professional golfer. Suppose she quits golf and…

A: While calculating economic profit opportunity cost and explicit costs are deducted from Revenue.

Q: Explain a firm’s production function. Include in your answer how time influences the production…

A: Production in economics refers to the act of producing goods and services by combining together…

Q: Suppose that Maria is starting a food ordering and delivery company. Customers order meals online.…

A: To determine the profit-maximizing output level, a firm should consider its cost schedule and…

Q: 1. Which one is fixed and variable input? Table 4.1 The Use of Labor, Capital, and Related Output…

A: 1) Fixed input is when the amount of input remains the same while variable input is when input…

Q: The table provides information about the relationships between labor and various product measures…

A: Answer:   Labor TP MP AP 0 0 0 0 1 3 3 3.00 2 9 6 4.50 3…

Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows…

A: circular flow of income is the economic model which represent the flow of income between household…

Q: Solve the attachment.

A: The marginal product of labor refers to the additional output produced when an additional unit of…

Q: Q#1. Last year, M.Hamed left a job that pays 36,000 OMR to run his own bike-repair shop. M. Hamed’s…

A: Given: M.Hamed left a job that pays = 36,000 OMR M. Hamed’s shop charges = 5 OMR for a repair Total…

Q: What is the variable cost of producing 375 units of output? WHY

A: Variable cost can be calculated by using the following formula: