An auto repair shop faces the following weekly costs: rent, $600; labor, $500 per worker; parts and supplies, $50 per repair. Each worker can repair 4 cars per week.  If the shop repairs 16 cars in a week, the total costs are: $ If the shop repairs 0 cars in a week, the total costs are: $

Q: Output(units per day) 10 20 30 Total costs($ per day) 40 54 62 80 Find the average total cost at the…

A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…

Q: If the firm hires 5 employee, total fixed costs equals

A: Total fixed cost is the cost which is even exits when output is zero. So at zero output we have the…

Q: why is the fixed cost 10?

A: Fixed cost doesn't change with the change in the number of output.

Q: Calculate average cost when total cost is 300 and quantity is 15

A: # The average of the total cost which we spend on a single good is given by the average cost.…

Q: The value of fixed cost is $77 and the value of variable cost is $0 Calculate total cost

A: The given information is as follows:- Total fixed cost = $77 Total variable cost = $0 Note- As the…

Q: Calculate the value of average cost when the value of total cost is $100 and the no of units are 10

A: The average cost (AC) refers to the total cost per unit of output produced. The formula for AC is as…

Q: Economic cost and accountant cost are not equal. Why aren’t they equal? Explain with example

A: Maintaining a business demands that you keep a heartbeat on the monetary components that influence…

Q: Allstate Heating Company has $12,000 fixed costs each week. Its total variable costs change as the…

A: Cost is an economic concept that refers to the amount of resources, typically measured in terms of…

Q: Find total cost if average cost is $11 and the output is 24 units

A: Average Cost (AC): - it is the average value of total cost incurred on a specific unite of output.…

Q: 0 Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…

A: The economic cost is different from the accounting cost. Economics cost involves implicit costs like…

Q: Mad Mildred's Magic Mall by determining the Labor (workers/day) Output (units/day) 0 1 2 3 4 5 0 8…

A: Help mad Mildred magic mall by determining the missing values in the table.

Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…

A: Fixed cost of production  = $10000 Variable costs  of production = $100 Number of units produced = 5

Q: Calculate the value of total cost if fixed cost is $10 and variable cost is $22

A: The Given information is follows:- Fixed cost of firm = $10 Variable cost = $22 We have to find…

Q: If average fixed cost is $30  Calculate total fixed cost if output is 30 units

A: According to the above question, the values given are:- Average fixed cost = $30 Output = 30 units…

Q: Calculate accounting profit if explicit cost is $300 and total revenue is $2000

A: The data presented in the question above is:- Total revenue = $2000 Explicit cost = $300 Accounting…

Q: The value of average cost is $80, the value of average variable cost is $49 Calculate the value of…

A: We know that the total cost is given as:- TC = TFC + TVC Dividing both sides with output:- AC = AFC…

Q: A hotel that produces 100 pizzas has a variable cost of OMR 50 and a fixed cost of OMR 200.…

A: The firm's costs and revenues are the important components that help the firm set its target and…

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: If average cost is $30 and the total cost is $900 What output must the firm have produced

A: Total Cost(TC) is the total amount incurred by the firm in production of given quantity. Average…

Q: What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17?…

A: The wholesale cost of an item can be defined as the cost that is charged to those to whom the goods…

Q: Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is total fixed cost when output is 2, fixed cost is 25, and average cost is 30

A: Fixed cost are such cost that do not vary with the level of output i.e it remains constant at every…

Q: What will be the value of profit if total revenue is $980 and total cost is $461 ??

A: Profit is exactly known to be as the amount of the revenue which is left after all the costs which…

Q: TC = 81 + 16Q + 3Q2 What is the average variable cost when 10 units are produced?

A: Total cost is sum of fixed cost and variable cost. Fixed cost is the cost which is not dependent on…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…

A: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold for…

Q: Calculate the total cost if average total cost is $35 and the unit of output is 22 units

A: The Given information is as follows:- Average total cost of the firm = $35 Units of output = 22…

Q: Problem 4. The marginal cost C" for a product as a function of the number of units produced q is…

A: Fixed Cost = 5000MC is depicted in graph below ,

Q: The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the…

A: Given information: Total number of motorbikes = 100  Total cost of production = $1000

Q: A firm manufacture robots, for which $1000 machinary is used. The additional per unit cost is $100.…

A: Total cost is the sum of fixed cost and variable cost. Variable cost is a cost that varies with the…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Average Fixed Cost (AFC)Shape: AFC is a downward-sloping curve.Explanation: As output (quantity)…

Q: 7 A firm has this cost function: C = 4000 - 7Q + 8Q2. The firm is currently producing 5 units of its…

A: Cost Function = C = 4000 - 7Q + 8Q2  where Q = 5

Q: If variable costs for a firm is $660, the average total cost is $8, and the firm sells 120 units,…

A: Variable cost as the name suggests changes with respect to the output produced. For example- the…

Q: Suppose a company incurs the following costs: labor, $2,000; equipment, $600; and materials, $200.…

A: Total Accounting Cost (TAC): The cash you spend to produce something - think salaries, materials,…

Q: The firm has been working with variable cost of 100 dollars and it has fixed costs 100 dollars as…

A: Given variable cost of the firm = $100 Given fixed cost of the firm = $100

Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…

A: The total cost of producing pens = $100 Variable costs of producing pens = $25

Q: Table: Cost Data Quantity of Output 0 1 2 3 6 7 Variable Cost (VC) 0 50 70 100 140 190 250 320 Total…

A: The price a company pays on average as a fixed expense to create a good for the market is known as…

Q: How to calculate the Average cost of producing 1, 2,...15

A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…

Q: Find total cost if output is 39 units and average cost is $22

A: The Given information is as follows:- Output of firm = 39 units  Average cost = $22  We have to find…

Q: Find average variable cost given:- Total variable cost is $490 and the output is 30 units

A: The data presented in the question above is:- Total variable cost = $490  Output = 30 units  Average…

Q: Vipsana's Gyros House sells gyros. She incurs a fixed cost of $120 per day. Vipsana pays $60 per day…

A: Costs refers to the expenses that incur in the process of production of goods or services. There are…