he table below shows cost data for producing different amounts of sofas. Use the given information to find the missing cost data. Quantity 0 1 2 3 4 5 Total Cost in $ 60 75 104 281 Average Fixed Cost in $ Average Variable Cost in $ 30 15 12 15 11.5 14.6666666666667 24 Marginal Cost in $ 52 125 15 8

Use Excel to show formulas used  Amazing is evaluating three locations for a second headquarters. Costs for construction at location A are $18,900,000, Location B are $21,700,000 and Location C are $23,300,000.  Variable costs for Location A are $16, Location B are $14 and Location C are $12.  The company plans to sell products for $27. Create a cost-volume graph that shows cost lines for all three options through 2,000,000 units.

Which of the curves in the following graph is the average total cost curve?

Section 11.5 The Short-Run and Long-Run Average Total Cost Curves exhibit 1 SRATC for small plant SRATC for medium plant SRATC tor large plant LRATC B $500 $400 Economies of Scale Constant Returns to Saie 1,000 1,200 Quantity of Computers (per day) Notice that the long-run average total cost (LRATC) curve is much flatter than the short-run average total cost (SRATC) curve. This is because firms can be more flexible in the long run-they can choose which short-run cost curve they want to operate along, by choosing their plant scale. But they cannot do this in the short run, during which they are stuck with their existing short-run cost curve. That is, in the short run, the firm operates with the short-run curve it has based on past decisions. However, in the lang run, the firm is able to choose the short-run curve it wants to use. In Exhibit 1 above, explain why the curve between A and B looks different than the curve from A to C. Provide an example of how a firm could opt to follow the…