en to salaries and wages when you are in a production/manufacturing business that you want to operate on and on for many production cycles? a. it will either be a variable and/ or fix cost b. it becomes fixed cost c. It becomes variable cost d. it is an operating expense When there are 3 indifference curves in a graph, what ideal point is desired? a. a point where budget and satisfaction coincides with each other b. a point that is within the highest budget line c. point that is within the highest indifference curve d. the point where there is satisfaction yielded An example of business that is servicing a captive consumers as there is an absence of choices to serve them. a. Duopoly b. Monopsony c. Monopoly d. Oligopoly

Q: Those materials used in production but which not go into the finished product. Total Direct Cost…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

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A: Given; Toyota Camry costs= $19600Mileage= 30mpgPrius Costs=$23000Mileage= 50mpgCost of 1 gallon gas=…

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A: For the most part, implicit expenses should be assessed and are not straightforwardly quantifiable,…

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A: Answer - "Thank you for submitting the question.But, we are authorized to solve one question at…

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A: Here we calculate the following overhead rates by using the given information so the calculation of…

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A: "Since you have posted multiple questions, I can only answer the first question, rest you need to…

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A: Marginal return refers to the additional output that obtained by increasing one more unit of input.

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A: Productivity is represented as the ratio between the amount of output and the number of inputs. In…

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A: x = 100N0.8K0.2 When both inputs are doubled, new production function is x* = 100 x (2N)0.8(2K)0.2 =…

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A: The Law of Diminishing returns refers to the marginal return states that adding an additional factor…

Q: Q What is the relationship between AVC and ATC? Why? Relationship They intersect Reason:

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

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A: 6. The marginal product of labour = 20     The price of labour = $10     The marginal product of…

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A: Inputs: 3 Specialists 7 units of capital Going pay per labor = $4 Lease on a unit of capital = $1

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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Weighted index for 2020 (in terms of 2000 indices) can be calculated as follows.

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A: Please repost your question, as we are allowed to answer only 2 questions. a In achieving the short…

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A:

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A: Cost of single X-ray=PKR 500 To find variable costs, we will multiply the cost of single output  and…

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A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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A: Marginal Gain is calculated by  Total problem or TPn - TPn-1  so we can solve this as follow-

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A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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A: TC = total cost MC= marginal cost AC= average cost.  The prices of inputs are (4,6)

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

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Q)Distinguish between explicit and implicit costs, giving examples of each. (a) What are the…

A: In common usage, cost refers to the monetary value of goods and services purchased by producers and…

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Q: Question 1 Calculate the productivity for the following operations: Three employees processed 600…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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Q: Exercise No. 5 Production and Costs Course & Section: Name: IDENTIFICATION Marginal cost output…

A: IDENTIFICATION    Marginal cost   1. The additional cost from an additional unit of output produced.…