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 + 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.

Exam 22:Cost Curves-Part B

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 $1 each and cartoonists' labor costs $3 per hour,then the cheapest way to produce comics books requires using jokes and labor in the ratio

(Multiple Choice)

4.7/5

(36)

Question 21

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 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?

(Multiple Choice)

4.9/5

(36)

Question 22

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)

4.8/5

(40)

Question 23

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

(Multiple Choice)

4.9/5

(35)

Question 24

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 $2 each and cartoonists' labor costs $12 per hour,then the cheapest way to produce comics books requires using jokes and labor in the ratio

(Multiple Choice)

4.9/5

(37)

Question 25

Showing 21 - 25 of 25

Exam 22:Cost Curves-Part B

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 + 20s + 40,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 +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 + 20s + 40,then if he repairs 10 cars,his average variable costs will be