What are the short-run and long-run costs of the production of Adidas?

Q: Graph the total cost lines.b) Over what range of annual volume is each facility goingto have a…

A:

Q: List and explain which of the following is a fixed cost or a variable cost for Caribbean Airlines.…

A: Fixed cost refers to the cost that remains fixed despite the change in the level of output produced…

Q: Please provide an example of sunk costs in bakery business and explain why they are sunk costs.

A: Money that is already spent, and cannot be recovered, is called sunk cost. There is popular saying…

Q: A producer borrows money and starts a business. He himself looks after the business. Identify…

A: (Q) A producer borrows money and starts a business. He himself looks after the business. Identify…

Q: (Table) Based on the table, Output is the marginal cost when moving from forty to forty-eight units.…

A: TFC=$500 TC=TVC+TFC MC=Change in total costChange in output

Q: What is the relationship between revenue cost and profit?

A:

Q: After one month of operation, OU Café determined to shorten its business hours and close on…

A: The total costs of any firm includes fixed costs and variable costs. The fixed costs refer to those…

Q: What must an entrepreneur do to earn a profit? How do theactions of firms earning profits inuence…

A: Protecting one's hard work through patents and copyright acquisition is one of the most significant…

Q: What is the relationship between a firm’s total revenue, profit, and total cost?

A: Total revenue (TR) is the amount earned by the firm by selling its goods. Total Cost (TC) is the…

Q: What is the effect of the decline of Ford Australia’s productivity on its cost efficiency,…

A: Productivity can be referred to as the increase in the total output using the same amount of inputs.…

Q: Bitcom, a manufacturer of electronics, estimates the following relation between marginal cost of…

A: MC= $150+ 0.005Q  For the supply curve, MC=Price So, P=150+ 0.005Q  Q=200P-30,000 This is the short…

Q: How General Motors improve or operate their economies of scale?

A: This significant car maker has encountered interruptions to its tasks as interest in autos has…

Q: Imagine that you own your own business, or you are the manager of a company. Please provide an…

A: Sunk cost is a cost that has been paid and cannot be recovered in the future.

Q: Distinguish between the fixed costs and the variable costs?

A: Cost represents the value of goods and services which are charged by the producers and the amount…

Q: Consider the following Table: Q TC 100 140 90 150 80 160 3 70 170 60 180 5 50 190 6. 40 200 30 210 8…

A: Average total cost or ATC is calculated by dividing total cost (TC) by quantity (Q). Marginal cost…

Q: The production cost for a firm is given in the table below, calculate the marginal cost of producing…

A: Marginal cost is the additional cost of producing each additional unit of output.  Marginal cost =…

Q: Which of the following are short-run and which are longrun adjustments? Wendy’s builds a new…

A: In economics, there are two periods that are studied to understand the investment decisions of the…

Q: What is the marginal cost for this product?

A: A cost function refers to the formula that is used to predict the cost that the firm will incur at a…

Q: Marc Tech produces q units of smartwatches and their short-run total cost is given by STC = 3q2 -…

A: ATC=TC/Q

Q: What are the short-run and long-run costs of the production of Walmar

A: There are various costs incurred by a firm during its production process and even in the pre and…

Q: What are the fixed and variable costs of (a) a pizza shop, (b) an Internet service provider, (c) a…

A: There are various costs associated with the process of production and the main two categories of…

Q: After one month of operation, OO Café determined to shorten its business hours and close on…

A: The cost of production is the summation of all the costs incurred while producing a commodity in the…

Q: The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that…

A: Monopoly is a structure of market in which there is only one firm producing commodity and has market…

Q: Using the figure above, what is the total cost for the firm?

A: Total cost is the summation of total fixed cost and total variable cost. The average total cost to…

Q: Can a firm earn an economic loss and an accounting profit at the same time?

A: The measure that depicts distribution of income to owner in a profitable process of production in…

Q: The cost table below has enough information for you to completely fill out the blanks in the five…

A: Working notes: 1. FC = AFC x Q = 72 (this is constant at all values of Q) 2. TC = FC + VC, so VC =…

Q: Should a company produce more goods when marginal revenue is greater than marginal costs? Explain.

A: Marginal Cost is the additional cost incurred in the production of additional unit of output.…

Q: A producer borrows money and starts a business. He himself looks after the Identify implicit and…

A: Answering first question as per guidelines. Explicit Costs refer to actual payments made for…

Q: explain what is meant by explicit; implicit; and sunk costs. How are they used to calculate…

A: All the costs that are linked or incurred to the business activities of a company and are easily…

Q: Explain the differences between constantcost, increasing-cost, and decreasing-cost industries.

A: As the new firms enter the market, they increase the demand for production factors to produce goods…

Q: In 2005 General Motors (GM) announced that it would reduce employment by 30,000 workers. What does…

A: Meaning of Marginal Revenue Product and Marginal Resource Cost: The term marginal revenue of…

Q: Do you think that the taxicab industry in large cities would be subject to significant economies of…

A: The economies of scale arise when a firm produces a large quantity because as the production…

Q: What is Product Expansion?

A: Product Expansion -It is the expansion of economic activity as well as the production levels from…

Q: Define the term Product Expansion?

A: Product is the commodity which the business deals in. Expansion refers top increase or to extend.

Q: Why do most fixed costs become variable costs in the long run?

A: Variable costs- Due to the sum of a product or service being generated, variable costs change. The…

Q: How to calculate Samsung's cost (C(Q)) of producing 1, 2,...15?

A: A firm incurs two types of costs while producing goods and services. First is the fixed cost, which…

Q: Refer to the table. If the firm produces 5 units that it sells at a price of $30.00 each, what will…

A: Use the below formula to find the profit and loss: Profit / Loss = Total Revenue - Total CostTotal…

Q: An industry in which the long-run ATC continues to decline as firm size increases will likely become…

A: There exist different types of monopoly market structures. The common feature of the monopoly market…

Q: Explain average fixed cost (AFC)?

A: Costs are the sums of money spent by producers on various variables of production in order to…

Q: How is it possible to have positive accounting profit and negative economic profit concurrently?

A: Answer: Let us first understand the difference between accounting profit and economic profit.…