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- A firm had sales revenue of 1 million last year. It spent 600,000 on labor, 150,000 on capital and 200,000 on materials. What was the firms accounting profit?Compute the average total cost, average variable cost, and marginal cost of producing 50 and 72 haircuts. Draw the graph of line three curves between 60 and 72 haircuts.Unsure of what to do for the graphs
- fast plzzzWhen the first automobiles were built in 1901, they were made by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production. Over the years, the production line has become ever more mechanized, and today robots replace people in many tasks. Search The graph below shows the demand curve for cars in 1901. Suppose the least-possible cost of producing a car is $250 and that the efficient scale is 0.5 cars a day. D Draw the average total cost curve in 1901. Label it ATC₁ 500- 400- Price (dollars per car) 300- Q SON The graph below shows the demand curve for cars in 2020. Suppose the least possible cost of producing a car is $10,000 and that the efficient scale is 200,000 cars a day Draw the average total cost curve in 2020 Label it ATC₂ Price (dollars per car) 50,000 40,000 30,000+ Next QThe only vansble mput a jantorial service fim uses to clean offices s workors who are paid a wago w of $10 an hout Each worker cat clean four offices in an hout Use math to determine the vanable cost, the hverage variable cost, and the marginal cost of deaning one more office 27.00 20 00- 18.00 The vanable cost of deaning the frst office52 50 average vanable cost of ceanng one more offices20 and marginal cost of deaning on more office is $250 Eer your response munded to two decamal places) 16.00- 1400 1200 1 Ung the ne drawing tool, gaph the varable cost curve Label thn curve VC 10 00 2 Ung the e wng tool, graph the average variable cost curve Label tn curve AVC 3 ng the e doing tool grph the argnal cost curve Label s curve MG 16.00 Carefuty fow the intuchos aboe, and onty driw the equred olyecta 4.00 200 Quaity Oic deaned Cest Coetcer unt S
- Compute the firm’s profit for A, B, and C and enter this data into the table.Teresa is a hard-working second-year university student. One Thursday, she decides to work nonstop until she has answered 100 practice problems for her physics course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 40 70 90 100 Use the table to answer the following questions. The marginal, or additional, gain from Teresa's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Teresa's fourth hour of work, from 11:00 AM to noon, is problems. problems. Later, the teaching assistant in Teresa's physics course gives her some advice. "Based on past experience," the teaching assistant says, "working on 35 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during…show calcu
