Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

With 1 Machine Q workers Q balls TC VC FC 2 0 1 0 0 0 1 9 0 0 4 0 0 1 5

With 1 Machine
Q workers
Q balls
TC
VC
FC
20
1000
1900
400
1500
40
2000
2300
800
1500
60
3000
2700
1200
1500
80
4000
3100
1600
1500
100
5000
3500
2000
1500
120
6000
3900
2400
1500
With 2 Machines
Q workers
Q balls
TC
VC
FC
20
1000
3400
400
3000
40
2000
3800
800
3000
60
3000
4200
1200
3000
80
4000
4600
1600
3000
100
5000
5000
2000
3000
120
6000
5400
2400
3000
With 3 Machines
Q workers
Q balls
TC
VC
FC
20
1000
4540
40
4500
40
2000
4580
80
4500
60
3000
4620
120
4500
80
4000
4660
160
4500
100
5000
4700
200
4500
120
6000
4740
240
4500
Suppose that the above producer makes baseballs. Their fixed costs, variable costs and total costs are in the table. If the producer is in the long run and they are producing 5000 baseballs, they will choose to produce with 3 machines
Select one:
a.
False
b.
True

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Becoming A Top Manager Tools And Lessons In Transitioning To General Management

Authors: Kevin Kaiser, Michael Pich, I. J. Schecter

1st Edition

1118858573, 978-1118858578

More Books

Students also viewed these General Management questions