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- In choosing a production technology, how will firms react if one input becomes relatively more expensive?The manager of the donut shop tells you that hesells donuts for $1 each, and that if he were to makeadditional donuts, based on his current level ofoutput, it would cost him $0.80 per donut. Do yourecommend that the manager increase or decreasethe number of donuts he makes?The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity adriveways cleared) Abbreviation Formula: Total Revenue TR Total Cost TC $0 $25 20 30 40 50 60 70 80 34 41 46 49 51 54 60 70 95 145 10 100 What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? s 01/21 VIEW sOLUTION O OF 21QUESTIONS COMPLETED 28 MacBook Pro 59
- Course dashboard Generally, economies of scope are present when. Lutfen birini seçin. O a joint output is greater from a single firm producing two goods than could be achieved by two different firms each produoing a single product (assuming equivalent production anputs in both situations). O b.egonorues of scale are constant in the joint production of twaproducrs Oc egonomes of scale are present in the preduction of tvo or more coods Od.joint.otputis less from a single firm than could be achieved fomtwedifferent firms SLuations) SONRAKİ SAYFA FA2:06 O O M 76% cost questions practis... Youre cousm Shobha Owns a th0es with company & fellowig variable corte fived coste doo Oly f house painted Varuable O Calulate coitu 7 AFC 1. To * AVC 20 > ATC Poreach 40 4 80 160 320 640 What A the Gelationship blo a borine TR, Totad Paoghit and TC ? Q3 what u MP ? Whar doci it mean dimimishing ? ip it Draw a pudictiai finction that exhibite diminshig MP f laborPlease hep with this question ? That is attatched show how calcualtion was made thank you,
- Shoes and Bicycles PPF Bicycles per Year 5,000 4.000 A 3,000 2,000 1,000 B Shoes and Bicycles PPF E 20,000 30,000 Shoes (in pairs) per Year 40,000 C 50,000 by... D 60,000Completed 58 out of 60 uestion 31 of 60 If output falls below equilibrium, marginal cost will be higher than the price. O True O False LEGOSon 5 Marginal cost is given by 30 + 20Q - 12Q2. Fixed cost is 100. What is the average cost? Henüz 30 OA3Q? + 10Q + 70 + cevaplanmad 16,00 azennden aretlenmis 100 O B. 3Q? + 20Q + 30 + Sonyu aretle 100 OC 40 + 10Q + 30 + 30 O D. 4Q? + 10Q + 70 +
- o Suppore : E (1,k) = metat for thois question.) has Ext. (Do not' wee fonction languan jian the ® Suppre the of, capital š price f laber is $3 and the price 2. Find, the aptimad imput combination ct, k*) to prefuce iš umits. What is the reralting minimized' cost? O Re do pant ☺ but this time, (3,2, or of, labor and the firm poodue s' y unita. Frmd the op timal C and kt solutione fumetine. Jon't use numbes we 5); we leave them open. Sugou tha price fw, Hhe price of capital is r fumitims of (w, riy). Te londi tional as Hhe factor druand © Find Hais fiym cost minimised cont depand funtion. (iHoo donr the (w,r;y)? O Follming pant 6, check of the condinl fautor Jemand fuie fien s (w,r). homay wns of degue o in O Following part (6), check is hompyeonan' of 'deguee 1 in '(w,r). the rost fawr ineThe Calhoun Textile Mill is in the process of deciding on a production schedule. It wishesto know how to weave the various fabrics it will produce during the coming quarter. Thesales department has confirmed orders for each of the 15 fabrics produced by Calhoun.These demands are given in the following table. Also given in this table is the variablecost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 daysa week, and 24 hours a day.There are two types of looms: dobbie and regular. Dobbie looms can be used to makeall fabrics and are the only looms that can weave certain fabrics, such as plaids. The rateof production for each fabric on each type of loom is also given in the table. Note that ifthe production rate is zero, the fabric cannot be woven on that type of loom. Also, if afabric can be woven on each type of loom, then the production rates are equal. Calhounhas 90 regular looms and 15 dobbie looms. For this problem, assume the time requirementto change…answer this question bu not on excel