In Fig.3, if production is 20,000: Select one: P12 11 10 9 8 6 5 4 2 1 0 MSC O a. DWL - $45,000 and NSB = $105,000. O b. DWL = $30,000 and NSB = $90,000. O c. DWL = $30,000 and NSB = $150,000. DWL = $60,000 and NSB = $90,000. O d. O e. DWL = $45,000 and NSB = $150,000. MPC MSB 0 10 20 30 40 50 60 70 80 90 100 Q (000)
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- According to Little's Law, which statement is correct for a stable process: O a. For a given throughput, the average inventory is independent of the average flow time O b. For a given throughput, increasing the average inventory results in an increase in the average flow time. O c. For a given throughput, decreasing the average inventory results in an increase in the average flow time. O d. For a given throughput, increasing the average inventory results in a reduction in the average flow time.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?According to the table below, what is the average total cost (ATC) of producing 145 units of output? FC VC 1,000 20 1,000 350 50 1,000 700 90 1,000 1,050 125 1,000 1,400 145 1,000 1,750 160 1,000 2,100 O a. S18.97 O b. $250.00 c. $2,750.00 O d. $24.67 e. $1,750.00 Clear my choice
- What is the future value of $2000 per year for 5 years invested at 10%? * O a. $3,221. O b. $12,210. O c. $10,000. O d. $13,480.Input Total Product 5 20 32 4. 42 50 55 7 58 8 58 9. 56 1. From the table given above, answer the following questions. a. Find AP and MP b. With the addition of how many units does diminishing marginal returns set in? c. At which unit of input does negative marginal returns set in? O123Table Cost.EX2: Costs and Outputs for a Competitive Firm Total Total Output Fixed Variable (Q) Costs Costs $30.00 $0.00 1 $30.00 $70.00 $30.00 $120.00 $30.00 $150.00 $30.00 $220.00 $30.00 $300.00 Refer to Table Cost.EX2. When production is 3 units, the firm's average total cost is about $62.50 O No answer text provided. $60.00 O No answer text provided.
- + e © 96% = PM Fri 19 Mar A elearn.squ.edu.om AA O Homework 2 (chapter 5) (page 7 o... n LANC1071_Spring21: Mid-Semest.. O ECON1211_a.naz1_Spring21: Hom. JE-LEARNING SYSTEM (ACADEMIC) rinciples of Microeconomics - Spring21 uestion yet wered rked out of S- MSC -25 Flag estion 20 15 10 5 D- MSB 2 4. Quantity (thousands of gloves per day) In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is Select one: $3,000. Ob. $15,000. O c. $22,500. O d. $45,000. Price (dollars per pair of gloves)! After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at the local community college rather than accept a job that had a starting salary of $12,000/year. If the annual tuition and fees are $4,600, the annual opportunity cost of attending the community college is O $16,600 O $12,000 $24,000 O $7,400 O $4,600Please refer to the figure below. The equation for p = 105-0.005D 25,000+65D Y D (units sold) How much is the fixed cost? O A. BD65 О В. BD22,500 O C. BD12,500 O D. BD25,000 Cost/Revenue
- QUESTION 8 Which of the following relationship is correct? O When marginal product (MP)starts to decrease, marginal cost (MC) starts to increase O When marginal product (MP) starts to increase; marginal cost (MC) starts to increase O When marginal product (MP) starts to decrease, marginal cost (MC) starts to decrease O When marginal cost (MC) starts to increase; average variable cost (AVC) starts to decrease Click Save and Submit to save and submit. Click Save All Answers to save all answers. F1 F2 F3 F4 F5 F6 F7 F8 林The Bluebird Factory reported $1,000,000 in total revenues and $60,000 total variable costs during the previous year. Required: Compute the contribution margin. O a. $920,000 O b. $980,000 C. $940,000 d. $960,000 e. $900,000The term productive efficiency means This is important because %3D The term allocative efficiency means This is important because