What are the production costs of your economics class

Reference no: EM131198882

1. What are the production costs of your economics class? What are the fixed costs? The variable costs? What's the marginal cost of enrolling more students?

2. Suppose all your friends offered to help wash your car. Would marginal physical product decline as more friends helped? Why or why not?

3. How many batteries will Tesla want to produce in its new gigafactory? (See News, p. 154.)

4. Owner/operators of small gas stations rarely pay themselves an hourly wage. How does this practice affect the economic cost of dispensing gasoline?

5. Corporate funeral giants have replaced small family-run funeral homes in many areas, in large part because of the lower costs they achieve. What kind of economies of scale exist in the funeral business? Why doesn't someone build one colossal funeral home and drive costs down further?

Reference no: EM131198882

Questions Cloud

Demonstrate critical analysis and precision in writing : You have the opportunity to review three employee satisfaction surveys https://www.qualtrics.com/blog/employee-satisfaction-survey/ . A key role for the HR department is to take the temperature of the employees-figuratively, not literally. A very ..

Future academic studies or in professional work : Reflect on the writing process you have used in this course and how you think you might change it in the future, based on what you have learned during the last few weeks. Additionally, identify any progress you think you have made in your writing ..

What will happen to the ppf over time : Now suppose that a new technology is discovered that allows twice as many loaves of bread to be

Explain the natural history of this condition : Describe the host, the agent, and the environment which may interact within the same ecological system and have contributed to this condition.

What are the production costs of your economics class : Corporate funeral giants have replaced small family-run funeral homes in many areas, in large part because of the lower costs they achieve. What kind of economies of scale exist in the funeral business? Why doesn't someone build one colossal funer..

In how many hours will they be 4400 miles apart : Two planes leave JFK airport at the same time, one flying north at 500 mph and the other south at 600 mph. In how many hours will they be 4400 miles apart?

Calculating power of excel : Within these instructions, students are introduced to the math operations and calculating power of Excel. We pick up where we ended in the "organization" instructions

How this charge is an example of the price system at work : Given that revenues from these congestion charges are invested in the city's transport system, how will this affect the charge level holding all other variables constant?

What is the fair management fee for the hedge fund : What is the fair management fee for the hedge fund in the sense that it would make the investor indifferent between the two allocations (assume that the hedge fund charges a zero performance fee)?

User Account

All Pages