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A: We know that , TC=TFC+TVC AVC=TVC/TP AFC=TFC/TP AC=TC/TP
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A: TC = FC + VC VC = TC - FC MC = (TC2 - TC1)/(Q2 - Q1) AVC = VC / Q ATC = TC / Q
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A: Average Fixed Cost is the total fixed cost per unit of output. Average Variable Cost is the total…
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A: According to the table given in the question, total cost at 0 units of output is $10 which means…
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A: LABOR INPUT TOTAL PRODUCT MARGINAL PRODUCT AVERAGE PRODUCT 1 7 7 7.0 2 15 8 7.5 3 24 9 8.0 4…
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A: Given quantities: Q = 0, 1, 2, 3, 4, 5 Total Cost, TC = 8, 9, 10, 11, 13, 19
Q: Output, Variable input and Costs (per day). Таcos Labor VC TC MC AVC АТС 50 1 120 420 0.00 105 165…
A: The calculations are done using: VC=120×labor unitsTCn=VCn+fixed costMCn=TCn-TCn-1AVC=TVCQATC=TCQ
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Q: 1 2 3 4 5 7 8 Units Total Total Total Average fixed cost (R) Average variable cost Average product…
A: Total product is the total output (Q) produced by the firm. AFC is the fixed cost per unit of Q. AVC…
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A: Accounting costs are any expenses that your company has incurred.By deducting expenditures from…
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A: here we can calculate average total cost as follow
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A: Total cost = Total fixed cost + total variable cost Total cost = ATC * Output Total variable cost…
Q: Average Average Fixed Variable Output 1 Cost Cost $50.00 25.00 $100.00 2 80.00 3 16.67 66.67 4 12.50…
A: Cost refers to the all the expenses and expenditure that incur in a process of production of goods…
Q: . Given the following fixed and variable costs and the volumes, calculate the total andunit costs.
A: Total cost is the sum of fixed and variable costs. Unit cost is obtained on dividing total cost by…
Q: If accounting profits are $6000 and explicit cost are $2200 Calculate total revenue
A: The information being given is:- Accounting profit = $6000 Explicit cost = $2200 Total revenue = ?
Q: In the short term, the company produces 800 units of production. The average variable costs (AVC) 93…
A: Total cost (TC)= Total variable cost (TVC)+Total fixed costs(TFC) Total Variable Cost=Average…
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A: OPTION A - AFC ATC = AFC + AVC AFC = ATC - AVC AFC is always positive. AFC keeps on decreasing as…
Q: 2. Find the volumes over which each site for making a product is the lowest cost. Site Fixed…
A: Given: Site Fixed Variable 1 20000 18 2 10000 23 3 32000 166 4 35000 20
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…
What is the marginal cost of producing the 5th unit?
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- show calc12 st L8 Get & Transform Data 4 6 7 1 2 Available Product 3 8 9 10 11 12 13 A 14 15 16 17 18 19 20 All :X ✓ fx B Pounds made Workbook Links Queries & Connections 3000 Flour (ounce) 1500 Egg (piece) 4500 Labor (man-hour) Unit Price Variable Cost Demand UCM Adiucted C 3.2 1.5 6 D $12.50 $6.50 960 $6.00 2.6 1.5 5 Data Types $11.00 $5.70 928 $5.30 E 1.5 1 4 <1 $9.00 $3.60 1041 $5.40 F 0 0 0 0 Banana Muffin Choc Muffin Banana Cookies Choc Cookies Milk Bread White Bread 0.7 0.3 0.5 0 2.5 1.5 $6.00 $3.00 $2.20 $1.20 1084 1055 $3.80 $1.80 AV 0 0.8 1 3 G $7.00 $2.80 977 $4.20 Sort & Filter H Advanced 0Output (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost (RM) Average variable cost (RM) Average total cost (RM) Marginal cost (RM) 0 600 600 - - - - - 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 6 46.5 52.5 75 Which time period is the firm operating? Why?
- Find the Total Cost, Marginal Cost, Total Revenue, Marginal Revenue, and Profit/Loss. Q TFC TVC TC MC TR MC PROFIT/LOSS 0 400 0 100 400 50 200 400 100 300 400 130 400 400 180 500 400 220 600 400 350 700 400 450 800 400 600 price of steel is P150/unit5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories 1 2 3 Q = 100 Q 200 440 280 380 480 620 800 Average Total Cost (Dollars per bike) Q = 300 Q = 400 240 320 240 240 320 240 Q = 500 480 380 280 Q = 600 800 620 440 Suppose Ike's Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is $ per bike. Suppose Ike's Bikes is expecting to produce 100 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using On the following graph, plot the three SRATC curves for…Firm Measures: Productivity, Costs, Revenues, and Profits Labor Total Product (TP) Fixed Cost (TFC) Variable Cost (TVC) $800,000 $ 0 $800,000 $ 800,000 $800,000 $800,000 d. e. f. g. 0 1 2 4 5 6 1. 0 8000 30000 45000 56000 60000 63000 $800,000 $800,000 $800,000 $1,500,000 $2,250,000 $3,130,000 $4,200,000 $5,040,000 a. Solve for marginal product (MP) in each row, except for where labor = 0. b. After which worker does the region of diminishing marginal returns begin? c. Specialization and division of labor are observed in which one of the three Price $80 $80 $80 $80 $80 $80 $80 regions? Solve for total cost (TC) in each row. Solve for average variable cost (AVC) in each row, except for where labor = 0. Solve for marginal cost (MC) in each row, except for where labor = 0. Why are the MC and MP inversely related to one another? While it is because as one increases, the other decreases, please explain the meaning behind the inverse relationship that exists between worker productivity and…
- Cost/Unit $30 $23 $20 $18 $10 25 ATC₁ 30 ATC₂ 40 ATC₂ 45 ATC4 Output23 ABC Electronics is a company that sells smartphones. If the Montly demand for a partcular smarthphon Model is 1000 units. The cost to place an order is Rioo, and the Carrying costs per unit per year is RS. The company Operates for 250 business Economic Order Quantity, CEOG 7 year. Caculate the Model. Calculate the EOQ. the SmarthphoneQuestion 18 c/d Please show full work
- The total revenue generated is $400 and the output is 12 units Find the value of average revenueEngineering Economics 0006 Please show step by step solutionQuantity of Output Produced (units) 1 2 3 4 5 6 7 Total Variable Cost ($) $90 $100 Impossible to determine 100 190 270 340 420 510 610 According to the Table above, the firms total fixed cost is Increasing O Decreasing Total Cost ($) 200 290 370 440 520 610 710
