Ali is operating his firm under a perfectly competitive industry. The fixed cost of his firm per day is TK 100. The variable cost depends on the labour wage and quantity of the commodity produced. The following tables shows the variable cost and quantity of the output produced- Quantity Variable Cost (TK) Total Cost (TK) 100 10 200 300 20 300 400 30 480 580 40 700 800 50 1000 1100 a. Calculate the average variable, average total and marginal cost for each quantity of output. b. Calculate the break-even price and what is the shutdown price from the table? c. Suppose per unit price of the commodity charged by Ali is TK 17, do you think Ali will

© Macmillan Learning The figure depicts the long-run average total cost curve for Magma Motors. If this firm is currently producing 11,000 cars per year, what does it experience if it increases output by 1,000 cars? Figure: Long-Run Average Total Cost Curve for Magma Motors Cost (per car) $5,000 4,000 0 Long-run average total cost $10,000 11,000 12,000 Quantity economies of scope economies of scale minimum efficient scale diseconomies of scale

Using the numbers representing short run costs in the chart below, calculate the number that belongs in the blank space. q = quantity, TFC = Total Fixed Cost, TVC = Total Variable Cost, AVC = %3D %3D Average Variable Cost Recall that an "X" in the chart means that no number goes in that space. TFC TVC AVC 300 300 150 75 300 270 135 3. 300 370 123.33 4 300 480 300 650 130 300 840 140 1. 2. 6

Consider a small dental practice. Which of the following is NOT an example of a fixed cost? Rent on the office space O The receptionist's salary O Fees to renew the dentist's license each year O X-ray film

Please answer all questions

The table below shows cost data for producing different amounts of cleaning products. Use the given information to find the Average Variable Cost. Quantity Total Cost Average Variable Cost 11 1 2 فيا 4 5 28 46 60 65 68 4. 4. 1.

A firm's fixed costs for 0 units of output and its average total cost of producing different output levels are summarized in the table below. Complete the table to find the fixed cost, variable cost, total cost, average fixed cost, average variable cost, and marginal cost at all relevant levels of output. Q FC vC TC AFC AVC ATC MC $15,000 100 300 200 200 300 175 400 225 500 325 600 400

Classify the following milk bar short-run costs as fixed cost or variable cost  Milk truck Fruit freezer   Cost of milk sold each day ii) Assuming the following are the costs of your milk bar after the end of the second week answer the question below based on the following information. Fixed cost increased from 100 to 150 Variable cost increases from 220 to 300 Milk output increases from 450 to 620  a) What is the average total cost during the second week. Show your work  b) What is the marginal cost. Show your work

The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run.   Plant 1 Plant 2 Plant 3 Output ATC Output ATC Output ATC 10 $ 10 10 $ 15 10 $ 20 20 9 20 10 20 15 30 8 30 7 30 10 40 9 40 10 40 8 50 10 50 14 50 9   What is the long-run average cost of producing 10 units of output?   Multiple Choice   $10   $15   $20   $45

The following table represents the short-run total cost schedule of a bottled water manufacturer. Study the table below and then answer the question. When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is: Labour (workers per day) Output (bottles of mineral Total cost (R) water per day 0 0 400 1 30 700 2 80 1000 3 120 1300 4 140 1 600 5 150 1900 a) R5 b) R6 이이 c) R12,50 d) R20