Find the following costs from the table given below.

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Table 8.5 Output Total Cost 0 15 1 25 2 33 3 40 4 48 5 58 6 70 Refer to Table 8.5. The marginal cost of the third unit of output is: A. 0 B. 7 C. 8 D. 40

Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined

mework 6 i 1 Saved nics Game Obituary Project Help Save & Exit Submit a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost. Instructions: Round your responses to the nearest whole number. Rate of nts Total Cost Output Marginal Cost Average Average Average Fixed Cost Variable Cost Total Cost 0 $600 Print 1 800 2 1,050 3 1,400 4 5 1,800 2,300 Mc Graw Hill b. Use the cost data to plot the average total cost (ATC) and marginal cost (MC) curves on a graph. Instructions: Use the tools provided 'ATC' and 'MC' to draw each curve point by point (plot 5 points total for each curve). Round your points for ATC up to the nearest $25. Q Search Prev 1 of 4 Next > 3/

Use the following information to determine the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs.Total Output   Costs   TFC   TVC   AFC   AVC   ATC    MC 0                      $100 1                       $150 2                       $225 3                      $230 4                      $300 5                      $400

I already filled out the table, but I don't understand how to answer 3. a, b, and c.

At what level of output is average cost a minimum? What is the average cost (AC) at that output? What is the Marginal Cost (MC) at that output?

Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows: 1. Show to calculate for the table below Output TFC TVC TC AFC AVC ATC MC 0     1000         1   100           2             100 3   400           4           450   5   1600           6   3200           7   6400           a) Given the partial data available, finish the table and calculate all the costs. b) What is the minimum efficient scale of Vinnie’s company? c) What is the marginal cost of 6 houses? d) If Vinnie charges $825 per house, how many houses he should paint to maximize profits?

Fill in the following cost table.  For the first few rows, you can work from left to right.  However, as you get to the last two rows, you will need to use the information from the right side of the table to work back to the left side.  We do not calculate average costs at a quantity of 0.   Q TFC TVC TC AFC AVC ATC MC 0 5,000 0   XXXXXX XXXXXX XXXXXX XXXXXX 1   3.000         3,000 2   5,000           3     11,000         4           3,250   5             4,000 Can you tell if this is the short run or long run? Can you tell which level of output yields the highest profit? If so, what is the output level?  If not, explain. Economists define the “Break-even Price” as the lowest point on the average total cost curve or the lowest average total cost given in a table. What is the break-even price in this problem? Economists define the “Shutdown Price” as the…