Calculate Marginal cost when total cost rises from $30 to $70 and the output rises 2 to 3 units

The government imposes a $1000 per year license fee on all pizza restaurants. As a result, which cost curves shift? average total cost and average fixed cost average total cost and marginal cost average variable cost and marginal cost O average variable cost and average fixed cost

Using the figure above, what is the total cost for the firm?

Average total cost decreases when marginal cost is average total cost. less than greater than equal to

What is the relationship between average variable cost and marginal cost? a) They are always equal b) Marginal cost is always higher than average variable cost c) Marginal cost is always lower than average variable cost d) The relationship varies depending on the production level

Moonbucks has the following cost schedules: Quantity (bottle) Variable Cost (RM) Total Cost (RM) 0 0 100 1 90 190 2 170 270 3 240 340 4 300 400 5 370 470 6 450 550 7 540 640 8 650 750 9 780 880 10 930 1030 Calculate average variable cost, average total cost, and marginal cost for each quantity.

What is theoretical relationship between Marginal Cost and Average cost

The differences between total costs and variable costs is given by sunk costs True False

Marginal cost can be calculated both from total cost and total variable cost and is not affected by total fixed cost True/False

The total cost of producing mobile phones is TC = 10 + 70q + 30q^2 l. Calculate the marginal cost.