Jack and diane each buy pizza and paperback novels. pizza costs $3 per slice, and paperback novels cost $5 each. jack has a budg
1 answer:
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Answer:
Check the explanation
Explanation:
Labor Input is an indicator the pointer characterizing the labor expressed expenditure in man-hours on a production of a particular consumer value or on a technical operation.
Total product is the total amount of output that a firm produces; it is usually stipulated in relation to a variable input.
Marginal Product is the physical efficiency or productive ability of an input in the change in output which results from employing one more unit of a particular input, presumptuous that the amounts of other inputs are kept constant.
Average Product is the amount of the overall output that was being produced per unit of a variable input, holding all other inputs at a constant rate.
The graphical solution to the question above can be seen in the attached image below.
Answer:
fixed cost = 11.026,6
Explanation:
we will use the High-Low method to sovle for variable and fixed component of utilities:
We subtract the high form the low
510 hours generates 4,457 cost in utilities.
so variable cost:
4,457 / 210 = 8.74
Then we solve for fixed cost:
total cost = variable cost x Q + fixed cost
34,712 = 8.74(2,710) + fixed cost
fixed cost = 11.026,6