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.

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.

Exam 22:Cost Curves-Part B

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4,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

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(Multiple Choice)

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Question 1

Correct Answer:

Verified

Mary Magnolia in Problem 4 has variable costs equal to y²/F,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?

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

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

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(Multiple Choice)

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Question 3

Correct Answer:

Verified

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 4

Recall that Touchie McFeelie's production function for comics books is 0.1J^1/2 L^3/4 Suppose that Touchie can vary both jokes and cartoonists' labor.If old jokes cost $3 each and cartoonists' labor costs $9 per hour,then the cheapest way to produce comics books requires using jokes and labor in the ratio

(Multiple Choice)

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Question 5

Mary Magnolia in Problem 4 has variable costs equal to y²/F,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

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 7

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 8

Recall that Touchie McFeelie's production function for comics books is 0.1J^1/2 L^3/4.Suppose that Touchie can vary both jokes and cartoonists' labor.If old jokes cost $4 each and cartoonists' labor costs $24 per hour,then the cheapest way to produce comics books requires using jokes and labor in the ratio

(Multiple Choice)

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Question 9

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 10

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4,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 11

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4,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 12

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4,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 13

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 14

Mary Magnolia in Problem 4 has variable costs equal to y²/F,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?

(Multiple Choice)

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Question 15

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4,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 16

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 17

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 18

Mary Magnolia in Problem 4 has variable costs equal to y²/F,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 19

Recall that Touchie McFeelie's production function for comics books is 0.1J^1/2 L^3/4.Suppose that Touchie can vary both jokes and cartoonists' labor.If old jokes cost $3 each and cartoonists' labor costs $18 per hour,then the cheapest way to produce comics books requires using jokes and labor in the ratio

(Multiple Choice)

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Question 20

Showing 1 - 20 of 25

Exam 22:Cost Curves-Part B

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

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

Demand-Part A

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Minimization-Part B

Cost Curves-Part A

Firm Supply-Part A

Firm Supply-Part B

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part A

Game Applications-Part B

Behavioral Economics-Part A

Exchange-Part A

Exchange-Part B

Production-Part A

Production-Part B

Welfare-Part A

Welfare-Part B

Externalities-Part A

Externalities-Part B

Information Technology-Part A

Information Technology-Part B

Public Goods-Part A

Public Goods-Part B

Asymmetric Information-Part A

Asymmetric Information-Part B

Filters

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

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