When a change in the activity index will not result in a direct, proportional change in the variable cost, the relationship is said to be O curvilinear. O scattered. O regressive. O linear.
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- What shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?Both short-run and long-run average cost curves are likely to have a negative slope up toa given level of output/scale. What are the reasons behind such negative relationshipbetween average costs and output in the short and the long-run?Determine the multifactor productivity for the combined input of the labor and the machine time using the following input : labor :3000$,material :800$, .overhead: 20o0$ . keep in mind the production is 1760 unit
- What is MRTSL,K of an L-shaped isoquant? Please explain thank you!ФЫВАПРОЫ В А ПРО ПДЗАПРОЛДЫВАПРО ЯЧСМИТВЧСМИТЬБСМИТЬБЮ ЯЧСМИТЕ SOLVE STEP BY STEP IN DIGITAL FORMAT Regarding the production function of the table, indicate if there are constant, increasing or decreasing returns to scale; Which of these points are on the same isoquant?; Is the law of diminishing returns to scale operating? ЗК 2К 1К 80 70 50 1L 120 100 70 2L 150 120 80 3L ИЦУКЕНГШУКЕНГШщЖЕНГШЩЗХЪЙЦУКЕНГCost curves Egidio Binaccio designed an ancestry app that allows people to connect with long lost Italian relatives. Egidio notices the following relationship between the number of hours he schedules and the number of downloads (sales) he gets. Below is a production function, for Egidios current company set up. NUMBER of LABOUR DOWNLOADS HOURS B) 10 C) 20 30 40 50 60 70 80 90 100 110 120 130 140 6.50 11.00 14.50 17.50 20.50 23.75 27.50 32.00 37.50 44.50 53.50 65.00 79.50 97.50 TVC TC MC AVC Suppose the firm can hire all the labour it would ever want at the going wage of $8 per labour-hour. The firm's total fixed costs are $64 per day. A) ATC Fill in the table showing total variable cost (TVC), total cost (TC), average variable cost (AVC), average total cost (ATC), and marginal cost (MC). [Remember: Marginal cost should be entered midway between rows of output.] On a graph with DOWNLOADS (per day) on the horizontal axis, draw the three "per-unit" cost curves, AVC, ATC, and MC. [Note…
- The figure to the right illustrates the long-run average cost curve for a company that makes motors. Suppose the company produces & thousand moters per month. Is it experiencing economies of scale, diseconomies of scale, or constant returns to scale? If the company produces 4 theusand motors, then it experiences Average total cont 45.00 44.00 40 00 36.00 32.00 28.00 24.00 20.00 16.00 12:00 5.00 4.00 0.00 Long-nun average cost 4610 12 14 16 18 20 Quantity (motors per month in 1,000)In the production process, both the average product and marginal product of the variable input rise first, then fall, and then rise to infinity OFalse O True 27 WWhich of tholowing statements is true? O An explicit cost is more important, dolar for dollar, than an implicit cost. An explicit cost is an actual cost an implicit cost is a theoretical cost. Economic costs include both explicit costs and implicit costs O Explicit costs are accounting costs, not economic costs, implicit costs are economic costs, not accounting cos