I have completed my 12th standard from science background with subject combination of Physics, Chemistry, Biology, Maths and English. Then I completed my graduation in Economics Honours from Banaras Hindu University which is an institute of Eminence in the country. Currently I'm pursuing Maters in Economics with specialization in Econometrics and also looking forward to get a PhD in Economics. I've been teaching students since my graduation days.
Assume that Toy Craft makes ragdolls. Each ragdoll requires 18 square feet of fabric. If the number of dolls to be produced during the quarter is 20,600, the desired ending inventory of fabric is 13,000 square feet, the beginning inventory of fabric is 24,400 square feet, and the cost of the fabric is $15 per square foot, what is the total cost of fabric purchases?
Multiple Choicea) $5,359,400b) $55,391,000c) $5,596,200d) $5,493,600e) $450,600
'firm should continue to increase an activity so long as the marginal revenue from the activity exceeds the marginal cost of the activity: a_ True b. False'
Suppose potatoes are an inferior good. Then their income elasticity is greater than 1.
Bruno's gelato café has a fixed cost of $100. The variable cost of producing 10 gelatos is $20, and the variable cost of producing 11 gelatos is $22. What is the total cost and marginal cost of producing 11 gelatos? $122; $2 $122; $22 $42; $2 $42; $22
It will cost $3,500 to acquire a small hot dog cart. cart sales are expected to be $1,500 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cart. what is the payback period?
