the numbers inputed on the graph are correct so far Webby Inc. is a web development company. Webby's monthly production function for developing websites is given in thetable below. Webby pays $4,000 a month in rent for office space and equipment. It pays each programmer $3,000 a month.There are no other production costs. Fill in the table of production costs.Instructions: Round your answers to the nearest dollar.ProgrammersWebsitesVariableCostTotal CostAverageFixed CostAverageVariableCostAverageTotal CostMarginalCost004,000123,0002,000253104185246קט26167500154

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Answered: Webby Inc. is a web development…

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 7.1IP

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Use the information in the graph to the right to find the values for the following at an output level of 45. 100- The marginal cost is $ 18 . (Round your response to the nearest dollar.) MC The total cost is $ (Round your response to the nearest dollar.) АТС AVC 43 30 18 45 Quantity of output .... Cost
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To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has been spent to date on renovating the place. Aram could be earning $ 100 thousand a year as a chef. Additional labor and other costs necessary to open the restaurant equal $ 60 thousand a year. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $ 160 thousand a b. $ 60 thousand $ 210 thousand $ 110 thousand $ 50 million
Use the following information to answer the question Quantity (number ofFixedVariable Total Marginal Costs Costs Costs Costs ($) ($) ($) units) ($) 1 1 2 2 3 10 16 10 25 6 The average total cost of producing the first unit is Answer:
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In 1796, Gottfried Christoph Härtel, a German music publisher, calculated the cost of printing music using an engraved plate technology and used these estimated cost functions to make production decisions. Härtel figured that the fixed cost of printing a musical page—the cost of engraving the plates—was 900 pfennings. The marginal cost of each additional copy of the page is 5 pfennings (Scherer 2001). a. Graph the total cost, average total cost, average variable cost, and marginal cost functions. b. Is there a cost advantage to having only one music publisher print a given composition? Why? c. Härtel used his data to do the following type of analysis. Suppose he expects to sell exactly 300 copies of a composition at 15 pfennings per page of the composition. What is the greatest amount the publisher is willing to pay the composer per page of the composition?

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