2. The company "Pantalones Jr" is dedicated to the production and marketing of pants. It presents you with the following information: unit sale price a) Complete the table of costs 0 1 2 3 4 5 6 variable cost Unit Variable Costs Total fixed costs and Fixed cost Total cost b) Determine the equilibrium point and graph it. $50.00 $10.00 $3,500 marginal cost Income

2. The company "Pantalones Jr" is dedicated to the production and marketing of pants. It presents you with the following information: unit sale price a) Complete the table of costs 0 1 2 3 4 5 6 variable cost Unit Variable Costs Total fixed costs and Fixed cost Total cost b) Determine the equilibrium point and graph it. $50.00 $10.00 $3,500 marginal cost Income

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 7PA

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Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table. Number of Photocopies Per Month Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $100 1,000 $110 2,000 $125 3,000 $145 4,000 $175 5,000 $215 6,000 $285 a. Fill in the missing numbers in the table, assuming that Margie can charge 6 cents per black-and-white copy. Margie's fixed cost is: $ Variable cost, 0 photocopies/month: $ Variable cost, 1,000 photocopies/month: $ Variable cost, 2,000 photocopies/month: $ Variable cost, 3,000 photocopies/month: $ Variable cost, 4,000 photocopies/month: $…
Kontrol paneli Site ana sayfası Takvim Nişanlar Tüm dersler Soru 9 Total cost is calculated as Henüz cevaplanmadı Lütfen birini seçin: 4 üzerinden O A. the sum of average fixed cost and average variable cost. işaretlenmiş O B. the sum of total fixed cost and total variable cot. P Soruyu işaretle O C. the sum of marginal cost and average cost. O D. the product of average total cost and price. OE the sum of all the firm's explicit costs. ÖNCEKİ SAYFA
1. A firm has three different production facilities, all of which produce the same product. Whilereviewing the firm’s cost data, Ron, a manager, discovered that one of the plants has a higher averagecost than the other plans and suggests closing this plant. Another manager, Jack, notes that the high-cost plant has high fixed costs but that the marginal cost in this plant is lower than in the other plants.He says that the high-cost plant should not be shut down but should expand its operations. Who isright? 2. Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500, and its fixed cost is$800, of which $600 is avoidable if it shuts down? Explain.