In Problem 2, if Mr. Dent Carr's total costs were 2s2 + 20s + 40, then if he repairs 10 cars, his average variable costs will be

A) $44. B) $80. C) $40. D) $60. E) $30. A) $44. B) $80. C) $40. D) $60. E) $30. C

In Problem 2, if Mr. Dent Carr's total costs were 4s2 + 40s + 20, then if he repairs 10 cars, his average variable costs will be

A) $120. B) $82. C) $160. D) $80. E) $60. A) $120. B) $82. C) $160. D) $80. E) $60.

In Problem 2, if Mr. Dent Carr's total costs were 2s2 + 75s + 100, then if he repairs 25 cars, his average variable costs will be

A) $250. B) $125. C) $129. D) $175. E) $87.50. A) $250. B) $125. C) $129. D) $175. E) $87.50.

In Problem 2, if Mr. Dent Carr's total costs were 2s2 + 50s + 75, then if he repairs 25 cars, his average variable costs will be

A) $150. B) $200. C) $103. D) $100. E) $75. A) $150. B) $200. C) $103. D) $100. E) $75.

In Problem 2, if Mr. Dent Carr's total costs were 5s2 + 50s + 20, then if he repairs 10 cars, his average variable costs will be

A) $100. B) $102. C) $150. D) $200. E) $75. A) $100. B) $102. C) $150. D) $200. E) $75.

Exam 20: A: Cost Curves

Mary Magnolia in Problem 4 has variable costs equal to , where y is the number of bouquets she sells per month and where F is the number of square feet of space in her shop. If Mary has signed a lease for a shop with 800 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $6 per unit, how many bouquets per month should she sell in the short run?

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(Multiple Choice)

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Question 1

Correct Answer:

Verified

In Problem 2, if Mr. Dent Carr's total costs were 2s² + 20s + 40, then if he repairs 10 cars, his average variable costs will be

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

Mary Magnolia in Problem 4 has variable costs equal to , where y is the number of bouquets she sells per month and where F is the number of square feet of space in her shop. If Mary has signed a lease for a shop with 1,400 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $3 per unit, how many bouquets per month should she sell in the short run?

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Question 3

Correct Answer:

Verified

Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 1,600 old jokes for which he paid 3 dollars each. If the wage rate for cartoonists is 2 dollars, then the total cost of producing 108 comics books is

(Multiple Choice)

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Question 4

In Problem 3, Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car. If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $550 per year to own and if with this smasher he could dispose of cars at a cost of $.75 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of

(Multiple Choice)

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Question 5

Mary Magnolia in Problem 4 has variable costs equal to , where y is the number of bouquets she sells per month and where F is the number of square feet of space in her shop. If Mary has signed a lease for a shop with 400 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $5 per unit, how many bouquets per month should she sell in the short run?

(Multiple Choice)

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Question 6

Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 400 old jokes for which he paid 4 dollars each. If the wage rate for cartoonists is 3 dollars, then the total cost of producing 128 comics books is

(Multiple Choice)

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Question 7

In Problem 2, if Mr. Dent Carr's total costs were 4s² + 40s + 20, then if he repairs 10 cars, his average variable costs will be

(Multiple Choice)

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Question 8

In Problem 3, Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car. If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $550 per year to own and if with this smasher he could dispose of cars at a cost of $.80 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of

(Multiple Choice)

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Question 9

Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 1,600 old jokes for which he paid 6 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 108 comics books is

(Multiple Choice)

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Question 10

In Problem 3, Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car. If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $650 per year to own and if with this smasher he could dispose of cars at a cost of $.75 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of

(Multiple Choice)

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Question 11

Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 900 old jokes for which he paid 4 dollars each. If the wage rate for cartoonists is 6 dollars, then the total cost of producing 24 comics books is

(Multiple Choice)

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Question 12

Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 400 old jokes for which he paid 2 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 54 comics books is

(Multiple Choice)

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Question 13

Mary Magnolia in Problem 4 has variable costs equal to , where y is the number of bouquets she sells per month and where F is the number of square feet of space in her shop. If Mary has signed a lease for a shop with 1,000 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $3 per unit, how many bouquets per month should she sell in the short run?

(Multiple Choice)

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Question 14

In Problem 3, Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car. If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $450 per year to own and if with this smasher he could dispose of cars at a cost of $.80 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of

(Multiple Choice)

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Question 15

In Problem 2, if Mr. Dent Carr's total costs were 2s² + 75s + 100, then if he repairs 25 cars, his average variable costs will be

(Multiple Choice)

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Question 16

In Problem 2, if Mr. Dent Carr's total costs were 2s² + 50s + 75, then if he repairs 25 cars, his average variable costs will be

(Multiple Choice)

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Question 17

Mary Magnolia in Problem 4 has variable costs equal to , where y is the number of bouquets she sells per month and where F is the number of square feet of space in her shop. If Mary has signed a lease for a shop with 1,000 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $5 per unit, how many bouquets per month should she sell in the short run?

(Multiple Choice)

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Question 18

In Problem 2, if Mr. Dent Carr's total costs were 5s² + 50s + 20, then if he repairs 10 cars, his average variable costs will be

(Multiple Choice)

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Question 19

In Problem 3, Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car. If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $300 per year to own and if with this smasher he could dispose of cars at a cost of $.75 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of

(Multiple Choice)

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Question 20

Showing 1 - 20 of 20

Exam 20: A: Cost Curves

In Problem 2, if Mr. Dent Carr's total costs were 2s2 + 20s + 40, then if he repairs 10 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 4s2 + 40s + 20, then if he repairs 10 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 2s2 + 75s + 100, then if he repairs 25 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 2s2 + 50s + 75, then if he repairs 25 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 5s2 + 50s + 20, then if he repairs 10 cars, his average variable costs will be

Budget Constraint

A: Budget Constraint

Preferences

A: Preferences

Utility

A: Utility

Choice

A: Choice

Demand

A: Demand

Revealed Preference

A: Revealed Preference

Slutsky Equation

A: Slutsky Equation

Buying and Selling

A: Buying and Selling

Intertemporal Choice

A: Intertemporal Choice

Asset Markets

A: Asset Markets

Uncertainty

A: Uncertainty

Risky Assets

A: Risky Assets

Consumers Surplus

A: Consumers Surplus

Market Demand

A: Market Demand

Equilibrium

A: Equilibrium

Auctions

A: Auctions

Technology

A: Technology

Profit Maximization

A: Profit Maximization

Cost Minimization

A: Cost Minimization

Cost Curves

Firm Supply

A: Firm Supply

Industry Supply

A: Industry Supply

Monopoly

A: Monopoly

Monopoly Behavior

A: Monopoly Behavior

Factor Markets

A: Factor Markets

Oligopoly

A: Oligopoly

Game Theory

A: Game Theory

Game Applications

A: Game Applications

Behavioral Economics

Exchange

A: Exchange

Production

A: Production

Welfare

A: Welfare

Externalities

A: Externalities

Information Technology

A: Information Technology

Public Goods

A: Public Goods

Asymmetric Information

A: Asymmetric Information

Filters

In Problem 2, if Mr. Dent Carr's total costs were 2s² + 20s + 40, then if he repairs 10 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 4s² + 40s + 20, then if he repairs 10 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 2s² + 75s + 100, then if he repairs 25 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 2s² + 50s + 75, then if he repairs 25 cars, his average variable costs will be

In Problem 2, if Mr. Dent Carr's total costs were 5s² + 50s + 20, then if he repairs 10 cars, his average variable costs will be