Q: The table below gives a firm's costs. Output Fixed costs ($) Total costs ($) $80 $50 1 $80 $55 2 $80…
A: PRODUCTION cost is the incurred monetary value to produce the goods on factor of production . It is…
Q: Ali is the managerial accountant in charge of Company A, which sells water bottles. He previously…
A: Given: Fixed cost (FC) = $200,000 Variable cost (VC) = $5 per unit Selling price (P) = $10
Q: $ Total Cost 100 140 Quantity 160 190 4 240 300 370 450 550 Refer to the above information to answer…
A:
Q: dTC = 25 + 30Q – 9Q² dQ MC = and fixed cost, FC = 55 , find the (i)total 6. Given marginal cost,…
A: According to the question MC = 25 + 30Q – 9Q^2 and FC = 55
Q: Total Total Cost Output 1,000 2,000 2,800 3,500 4 4,000 4,500 5,200 7 6,000 8. 7,000 Refer to Table…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
Q: 9 35 30 25 20 15 10 5 O O 2 3 Quantity (Vats of juice) 10 5 6 Marginal Cost Average Variable Cost…
A: The Average Cost is the per unit cost of production acquired by separating the total cost (TC) by…
Q: If Jakob knows the marginal cost of the 1st foot of stream bank restored is $21, the marginal cost…
A: Marginal cost represents the change in total cost with respect to change in quantity. Variable cost…
Q: Employee hours per day day Output per Output price Hourly wage Rent rate $2 $14 S50 40 $2 $2 S14 $50…
A: Marginal cost is the cost added by one additional unit of a product , it is the change in total cost…
Q: 1/2, A competitive firm produces a product using the function f(x1,#2) = 8z 2. The factor prices are…
A: Cost is minimized at a production level where marginal rate of technical substitution is equal to…
Q: If You are the owner and only employee of a company that writes computer software that is used by…
A: One of the key motives of forms operating in a market is profit. Profit is the difference between…
Q: Marginal cost can be defined as the: O Change in fxed costs resulting from one more unit of…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Marginal cost is given by 20 + 10Q- 12Q2. Fixed cost is 100. What is the average cost? O A. 100 -3Q2…
A: Marginal cost means the cost incurred by the producer for producing an extra unit of commodity. and…
Q: The Marginal Revênue at this profit maximizing level will be O 7 O 10 O None of the above
A: The total cost incurred by a firm operating in a competitive market includes fixed costs and…
Q: Consider the following production and cost functionsq=〖(10K^(2/5)+5L^(2/5))〗^(5/2)1250=20K+8LWhich…
A: Production technologies or production function defines a relationship between the output and inputs.…
Q: Ali is the managerial accountant in charge of Company A, which sells water bottles. He previously…
A: The formula for break-even quantity is as follows : Break-even quantity = Fixed cost / (Price -…
Q: Output TFC TVC TC MC ATC A 25 25 --- --- ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…
A:
Q: 51. Output Total Revenue Total Cost $0 $25 1 $30 $49 2 $60 $69 $90 $91 $120 $117 $150 $147 $180 $180…
A: Total Revenue is the sum of total value received by selling all the units of output. Total Revenue…
Q: Situation 21-1 Diane's Donuts will begin selling donuts next week. Diane figures that the average…
A: Given: Average variable cost=$0.30 Amount paid for machinery=$20000
Q: Total Total Cost Output 1,000 2,000 2,800 3. 3,500 4 4,000 5. 4,500 5,200 7 6,000 8 7,000 Refer to…
A: MC= (TCn -TCn-1)/Qn-Qn-1AC = TC/Q.
Q: 41. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?…
A: Average fixed cost = total fixed cost /quantity of units produced So, Total fixed cost =20*6…
Q: Fixed Cost Variable Cost Average Variable Marginal Cost Quantity Total Average Total Cost Average…
A: A firm has to bear many cost to start a production process. Total cost is the sum of all costs…
Q: Marginal cost is given by 12 e5Q Fixed cost is 56. What is the total cost? O A. 24e0.5Q + 32 O B.…
A: MC=12e0.5QNow,TC=∫12e0.5QdQ=12∫e0.5QdQTC=12×e0.5Q0.5+FCTC=24e0.5Q+56
Q: If You are the owner and only employee of a company that writes computer software that is used by…
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A: In economics, marginal analysis is used to examine the additional benefits or costs of an activity.…
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A: Costs which are fixed in short run is called fixed cost.
Q: Total Total Cost Output 1,000 1 2,000 2,800 3,500 4 4,000 4,500 5,200 6,000 8 7,000 Refer to Table…
A: Marginal cost is the change in total cost due to change in output. Average total cost is the total…
Q: According to the table below, what is the average total cost (ATC) of producing 145 units of output?…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains same at all levels of…
Q: Total Variable Cost Quantity of Output (Q) Total Cost (TC) (TVC) $__ $9 1 8. 19 4 11 --- 12 O $8 O…
A: The organizations in a market measure different types of costs, and they all are related to each…
Q: If the Marginal Cost MC = 130 + 0.6Q2 , and the Fixed costs are 40, then the Total Cost is TC =…
A: Answer: Given, MC=130+0.6Q2Fixec cost=40 Calculation: TC=∫MC…
Q: Output Total Cost 105 1 125 140 180 4. 240 320 The average fixed cost at a quantity of 2 is given by…
A: Formula: Average fixed cost= total fixed cost / output
Q: MC ATC 20 -MR 16 14 22 Firm 30 40 At what level of output is average total cost minimized? 30 22 14…
A:
Q: Marginal cost is given by 12 e0.5Q. Fixed cost is 56. What is the total cost? O a. 6e0.5Q + 56 O b.…
A: Given MC = 12e0.5Q FC = 56
Q: Workers Pizza Fixed cost in $ per day per day Variable cost in S TC per day 400 per day [25 (75 400…
A: Marginal cost is the change in total cost per unit change in output. It is calculated by taking the…
Q: Marginal cost is given by 20 + 10Q – 12Q². Fixed cost is 100. What is the average cost? 100 3Q? +…
A: Marginal cost is the additional cost incurred on the production of one extra unit of output. Average…
Q: TVC TC AVC MC 15 1 8. 23 12 6. 3 30 Answer the following questions: 1- What is the total fixed cost…
A: Total fixed costs (TFC) are the total obligations of the firm per time period for all fixed inputs
Q: Maria's sandwich shop finds that when it caters 45 meals a week, its total cost is $8,500. If Maria…
A: Answer to the question is as follows:
Q: A firm has a fixed production cost of $1,000 and a constant marginal cost of production of $700 per…
A: Given that, Total fixed cost (TFC) = $1,000 Marginal cost (MC) = $700 1)Total fixed cost remains…
Q: A firm has two factories. Factory 1 has the cost function c (s)- +90. The marginal cost for factory…
A: A firm has 2 factories - Factory 1 & Factor 2 TC1 = c1(y1) = y12+90 TC2 = c2(y2) = 2y22+10 MC1 =…
Q: Mary Berry Cakes produces 10 cakes per day. The marginal cost of the tenth cake is $15, and average…
A: The marginal cost is the additional cost of producing an additional unit of output. It is the…
Q: QUESTION 16 Which of the following describes the breakeven point O a. total revenue explicit costs…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Suppose that a firm produces 200,000 units a year and sells them all for $20 each. The explicit…
A: Given Quantity (Q) = 200,000 Price (P) = $20 Explicit Cost = $1,500,000 Total Revenue (TR) = Price…
Q: Dillon sells football. When output = 200, average fixed costs (AFC) = $3; and total variable costs…
A: Total cost is a sum of fixed cost and variable cost.
Q: Labor Output (units per week) (workers per week) 1. 20 50 3 70 4. 85 5. 95 6. 100 The table above…
A: Marginal cost: - marginal cost is the cost incurred in the production of an additional quantity of…
Q: 2-What is the average total cost (ATC) of producing 2 tables?* a. 27 O b. 26 c. 13.5 O d. 7.5
A: 2) ATC or average total cost is given by the formula ATC= Total cost/ Q Total cost at 2 units =…
Q: $1q| 15 ,MC AC 11 10 „AVC 40 The above figure shows the cost curves for a competitive firm. If the…
A: Perfect competition is a type of market structure.
Q: QUESTION 17 If a company increases production from 1000 to 2000 units and total cost increase from…
A: Q17) "Marginal cost of production is obtained by dividing the change in total cost by change in…
Q: Assume that the following data is for a profit-maximizing manufacturer: Quantity $ Total Cost 100…
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- What are diminishing marginal returns as they relate to costs?Completed 58 out of 60 uestion 31 of 60 If output falls below equilibrium, marginal cost will be higher than the price. O True O False LEGOView O Tell me what you want to do.. References Mailings Review Design Layout AL T AaBbCcD AaBbCc AaBbCcDc AaBbC New Ro 12 A A Aa - I Normal Body Text I No Spac. Heading 1 U - abx x, x A - aly. A - Styles Font Paragraph Question 2. MC ATC A VC 2.8 10 11 12 Quankily (per day The graph above shows the cost structure of a perfectly competitive firm, Use the graph above to answer the following questions. a. At which price the firm will earn zero economic profit b. What is the shut-down price? c. Above what price the firm will earn positive economic profit? d. At what price range the firm will incur a loss? Why would it continue the production? Explain. e. Show the supply curve of the firm on the graph. Explain. arch ASUS F7 180/Q 112 /A 16 8. 9. R Y 10 Price and cos b (dollos)
- Son 5 Marginal cost is given by 30 + 20Q - 12Q2. Fixed cost is 100. What is the average cost? Henüz 30 OA3Q? + 10Q + 70 + cevaplanmad 16,00 azennden aretlenmis 100 O B. 3Q? + 20Q + 30 + Sonyu aretle 100 OC 40 + 10Q + 30 + 30 O D. 4Q? + 10Q + 70 +Refer to the diagramhe ight. The vtal diterence beween curves Fand G measures OA fxed costs O B. marginal costs OC. average fred costs O D. sunk costs. Quantily of oulpulOutput TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined
- Mon Tue Wed Thu Fri Sat Sun Notes yue cost Functi ou and price per unit function of setling x vinit of calculators are c(x) =°0.1x+ 2x+500 and X= 200-p hspectively calculeate the ) revenue Functon ) Elaborate the of cakulators are produced. marginal cost when 5 units t) maximun protitWhen making decisions, which of the following costs should be ignored? * average costs sunk costs total costs O marginal costs None of the above - no costs should be ignored.Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.