Q: If total cost is $2100 and the output is 40 units Calculate average cost
A: The information being provided to us is:- Total cost of the firm = $2100 Output = 40 units
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A: The data presented in the question above is:- Total cost incurred = $3000 Fixed cost = $1000…
Q: If total cost is $100 and output is 13 units Calculate the value of average cost
A: The given information is as follows:- Total cost of the firm = $100 Output = 13 units We need to…
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A: Fixed cost of production = $10000 Variable costs of production = $100 Number of units produced = 5
Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…
A: Given fixed cost = $10000 Variable costs = $100 Number of units = 5
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A: Cost is the expense incurred to any business to produce any good or services. Th cost can be broadly…
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A: The data being presented in the question is:- Average cost for ruby's firm = $23 Output = 1000…
Q: If average cost is $30 and the output is 15 units. Calculate total cost
A: (Q)If the average cost is $30 and the output is 15 units. Calculate total cost
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Q: If profit is $360 and total cost is $800 Calculate Total revenue
A: According to the above mentioned question, the values are:- Profit = $360 Total cost = $800 We have…
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A: Break-even point (BEP) is that point where the firm is making zero economic profits, i.e. where the…
Q: Calculate average cost when total cost is $100,000 and output is 74 units
A: We are given that:- Total cost incurred by the firm = $100,000 Total output = 74 units
Q: caps ness is reproduced below: Output Total Cost 50 890 100 920 150 1000 200 1260 250 1470 300 1850
A: The following problem has been answered as follows
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A: Given: A drugstore sells= 30 bottles of antibiotics per week There is a fixed ordering cost of =…
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A: According to the table given in the question, total cost at 0 units of output is $10 which means…
Q: sarah earns 400 per week and spends 15% of her earning on tranpotation every week
A: Given:- Earning per week= 400 Spend on transportation = 15%
Q: If total cost is $600 and output is 10 units Calculate average cost
A: According to the above mentioned question, we have:- Total cost= $600 Output = 10 units Average…
Q: What is the total cost of producing 200 units 125 150 180 210
A: Total Cost = Average Total Cost*Quantity TC at 200 units = 0.75*200 = 150 TC at 125 units =…
Q: Find net profit if total revenue is $1000 and total cost is 30% of Total revenue
A: The data presented in the question above is:- Total revenue = $1000 Total cost = 30% of total…
Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…
A: Total cost TC = 1500 Fixed cost FC = 900 Varibale cost = Total cost - fixed cost
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A: Given quantities: Q = 0, 1, 2, 3, 4, 5 Total Cost, TC = 8, 9, 10, 11, 13, 19
Q: ILLUSTRATE THE VARIOUS COST CLASSIFICATIONS. (PLEASE INCLUDE PHOTOS OR TEXT FOR THE EXPLANATION)…
A: In popular usage, cost refers to the monetary worth of goods and services purchased by producers and…
Q: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…
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A: Cost reduction is a procedure which is used by companies to reduce cost and increase their profits.…
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A: The information being given is:- Profit for chocolate shop = $2300 Total revenue = $4100 We have to…
Q: Average cost is $30 and the total cost is $900 Calculate the output
A: Average cost is the per unit cost of producing an output.
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A: Given the information: Plan to sell copies = 200000 Cost to set-up printing = $3750 Cost to print a…
Q: When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs…
A: Total cost TC = 1500 Fixed cost FC = 900 Quantity Q = 100
Q: The value of average cost is $20 Calculate the value of total cost when the total units are 6 units
A: # The formula for average cost is given as:- Average cost = Total cost / Output
Q: 8. If average variablecost is $74 and total fixed cost is $100 at 5 units of output, thenaverage…
A: here we can calculate average total cost as follow
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A: In the production process, different inputs are used to produce the final output. Each input has its…
Q: Total cost is $350 and the output is 13 units Calculate average cost
A: The information being given is:- Total cost of the firm = $350 Output = 13 units We have to…
Q: y C= 600 + 40Q^0.3 + 5 Q^2: a) Find out the fixxed cost, variable cost, margina ost average variable…
A: Variable costs vary based on the amount of output produced. Variable costs may include labor,…
Q: Average cost is $100 and the output is 70 units Calculate total cost
A: The information given to us is as follows:- Average cost of the firm = $100 Output of firm = 70…
Q: How do you figure out opertunity cost?
A: Opportunity cost refers to the cost of the next best alternative that is foregone.
Q: A company is planning to manufacture mountain bikes. Fixed monthly cost will be $100,000 and it will…
A:
Q: ont Total cost Output pil changes per hour) (dollars p er hour) 10 1 20 35 3 50 4 so
A: Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost…
Q: Calculate total revenue given:- Profit = $500 Total cost = $1100
A: The data presented to us is:- Profit = $500 Total cost = $1100 Using this we have to find total…
Q: What type of cost is included in economic costs, but not included in accounting costs? a. Explicit…
A: Accounting cost includes all the explicit cost. In other words, all the payment made by the business…
Q: Total Total revenue cost $1,200 1,000 800 600 400 200 100 320 440 Output
A: The overall cost incurred by a company to manufacture a certain quantity of a product or provide a…
Q: Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500…
A: Bags/Participants Fixed Cost Variable Cost Total cost Marginal cost Marginal Revenue 0 1700 -…
Q: Solve this attachment.
A: Costs are the expenses that firms incur in the production of goods and services.
Q: TC FC TVC AVC ATC MC 100 1 130 75 3 165 4 50 250 330 7 90 What is the total variable costs (TVC or…
A: Answer: The following formulas will be used: TVC=TC-FCAVC=TVCQATC=TCQMCn=TCn-TCn-1where,MCn=marginal…
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A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A company is planning to manufacture wheelchairs that are light, fast, and beautiful. Fixed monthly…
A: In economics, a CF {"cost function"} is described as a function of an output quantity and prices of…
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- What is a legal monopoly?ev Quantity, price, total revenue, and total cost for a monopoly firm that produces cement are listed in the table below. Quantity, (Q) (tons) Price (P) Total Revenue (TR) Total Cost (TC) 1 $1,300 $1,300 $900 2 $1,215 $2,430 $980 3 $1,130 $3,390 4 $1,045 $4,180 5 $960 $4,800 6 $875 $5,250 7 $790 $5,530 Determine the firm's profit-maximizing price. Write the exact answer. Do not round. Answer S $1,100 $1,270 $1,510 $1,960 $2,560Quantity, price, total revenue, and total cost for a monopoly firm that produces cement are listed in the table below. Quantity, (Q) (tons) Price (P) Total Revenue (TR) Total Cost (TC) 1 $1,050 $1,050 $1,050 2 $970 $1,940 $720 3 $890 $2,670 $870 4 $810 $3,240 $1,140 5 $730 $3,650 $1,550 6 $650 $3,900 $2,020 7 $570 $3,990 $2,600 Determine the firm's profit-maximizing price.
- Quantity, price, total revenue, and total cost for a monopoly firm that produces cement are listed in the table below. Quantity, (Q) (tons) Price (P) Total Revenue (TR) Total Cost (TC) 11 $1,000$1,000 $1,000$1,000 $710$710 22 $905$905 $1,810$1,810 $785$785 33 $810$810 $2,430$2,430 $875$875 44 $715$715 $2,860$2,860 $1,070$1,070 55 $620$620 $3,100$3,100 $1,310$1,310 66 $525$525 $3,150$3,150 $1,650$1,650 77 $451$451 $3,160$3,160 $2,290$2,290 Determine the firm's profit-maximizing price. Write the exact answer. Do not round.Figure: A Profit-Maximizing Monopoly Firm Price, marginal revenue, marginal cost, average total cost A) $5. OB) $13. C) $14. $35 D) $20. 29 26 రారాళి 8 5 0 (Figure: A Profit-Maximizing Monopoly Firm) Look at the figure A Profit-Maximizing Monopoly Firm. This firm's profit per unit is: MC ATC MR 160 220 250 300 Quantity of output (per week)Please refer to th graph attached. The graph shows the Demand, Marginal Revenue, Average Total Cost, Average variable Costs and Marginal Cost curves for a monopolist. (a) What is the profit maximizing/ loss minimizing quantity of output and what is the maximum price the monopolist can charge? (b) Is this monopolist making economic profit or economic loss? How do you know? Explain please. (c) Calculate the firms profit or loss and show the economic profit/loss on the graph.
- Figure 94 Monopolist (dollars) 10 8 6 0 Quantity MC Refer to Figure 94. Suppose that the profit-maximizing/loss minimizing level of output is 40 units per day and the average fixed cost and average variable cost of producing this amount is $4 $7, respectively. (a) What is the total cost of producing 40 units per day? Show your work. (b) What is the total profit earned/loss incurred by producing 40 units per day? Show your work. (c) What price will the firm charge to maximize profit or minimize loss? (d) Should the firm shut down or continue to produce in the short run? Explain.400.00 300.00 200.00 100.00 0.00 2.5 -100.00 -200.00 -300.00 -E(ys)E(YR) -E(NS) E(NR) E(YS) 100-100i E(YR)=100-50i E(IIS) -20 +100i E(IIR)= -70 +50i Assuming we are under monopoly and asymmetric information, what is the highest interest for which both types (safe and risky) stay in the market? Oi-2 Oi-0.5 O i-1 Oi-3 0 Objective functions 0.5 3.5Andrew is a monopolist whose production process exhibits economies of scale. (a) Draw a diagram illustrating Andrew's profit-maximizing price and quantity. On your diagram, identify the deadweight loss of monopoly. (b) The government is concerned that Andrew is charging too high a price and plans to regulate the price. Hustrate the price regulation you would recommend on your diagram and explain your recommendation. (c) What is the maximum amount of money Andrew would be willing to spend lob- bying the government to avoid the price regulation you identified in (b)? 2.