Betsy's Bangles produces and sells woven bracelets. The table shows information about the
number of workers employed. daily bricelet production, and the marginal product of labor ( MP
L ) . Use this to answer the questions. You must calculate the bracelet values that are absent to
answet the question. How many bracelets can be produced by 5 workers? bracelets from 5
workers: Between which levels of bracelet production does Betsy's firm experience increasing
marginal returns and diminishing marginal returns? Marginal returns increase from 0 to 3
bracelets then diminish from 31 to. 51 bracelets. Marginal returns increase from 31 to 51
bracelets then diminish from 51 to 51 bracelets: Marginal returns increase from 0 to 31 bracelets,
then diminish from 45 to 51 braceletsi There is insufficient information to answer the question.
Determine whether each of the given statements describes a short-run period, a long-run period,
or neither. In order to produce more cookies, Mrs. Meadows asks her third shift to work
overtime. Newton Bros. Bagels opens a new store on the other side of town. Purpleberry Frozen
Custard has $11 , 000 of fixed costs and $45 , 000 of variable costs. This is a period of time
during which a firm is unable to increase or decrease its amount of capital. This lasts at least six
months but no longer than one year. Because of dismal sales last year, half of the city's donut
shops exit the industry. Portia owns and manages a sporting apparel company, Consider the
given average cost (AC), average variable cost (AVC), and marginal cost (MC) curves for track
suits. All but the MC curve have been placed incorrectly. Portia knows that the minimum
average cost for a track suit is $7 and the minimum of average variable cost is $5 . Rearrange the
AC and AVC curves so that they are consistent with the marginal cost curve. If the average fixed
cost curve is added to the graph, its shape would be constant. always inereasing. U shaped.
always decreasing. Marginal cost is defined as total cost divided by total output. total variable
cost divided by total output. the change in fixed cost from producing one more unit of output. the
change in total costs from producing one more unit of output. The marginal cost curve often
decreases at first and then starts to increase. This is explained by the law of diminishing returns.
economies of scale. increasing ATC. Use the information given in the table to calculate the
marginal cost of the third unit of output. Enter your answer exactly: not round. marginal cost of
the third unit of output: $.
Betsy's Bangles produces and sells woven bracelets- The table shows in.pdf
1. Betsy's Bangles produces and sells woven bracelets. The table shows information about the
number of workers employed. daily bricelet production, and the marginal product of labor ( MP
L ) . Use this to answer the questions. You must calculate the bracelet values that are absent to
answet the question. How many bracelets can be produced by 5 workers? bracelets from 5
workers: Between which levels of bracelet production does Betsy's firm experience increasing
marginal returns and diminishing marginal returns? Marginal returns increase from 0 to 3
bracelets then diminish from 31 to. 51 bracelets. Marginal returns increase from 31 to 51
bracelets then diminish from 51 to 51 bracelets: Marginal returns increase from 0 to 31 bracelets,
then diminish from 45 to 51 braceletsi There is insufficient information to answer the question.
Determine whether each of the given statements describes a short-run period, a long-run period,
or neither. In order to produce more cookies, Mrs. Meadows asks her third shift to work
overtime. Newton Bros. Bagels opens a new store on the other side of town. Purpleberry Frozen
Custard has $11 , 000 of fixed costs and $45 , 000 of variable costs. This is a period of time
during which a firm is unable to increase or decrease its amount of capital. This lasts at least six
months but no longer than one year. Because of dismal sales last year, half of the city's donut
shops exit the industry. Portia owns and manages a sporting apparel company, Consider the
given average cost (AC), average variable cost (AVC), and marginal cost (MC) curves for track
suits. All but the MC curve have been placed incorrectly. Portia knows that the minimum
average cost for a track suit is $7 and the minimum of average variable cost is $5 . Rearrange the
AC and AVC curves so that they are consistent with the marginal cost curve. If the average fixed
cost curve is added to the graph, its shape would be constant. always inereasing. U shaped.
always decreasing. Marginal cost is defined as total cost divided by total output. total variable
cost divided by total output. the change in fixed cost from producing one more unit of output. the
change in total costs from producing one more unit of output. The marginal cost curve often
decreases at first and then starts to increase. This is explained by the law of diminishing returns.
economies of scale. increasing ATC. Use the information given in the table to calculate the
marginal cost of the third unit of output. Enter your answer exactly: not round. marginal cost of
the third unit of output: $
