If average variable cost is $20 and total fixed cost is $500 at 10 units of output, then average total cost at this output level is:

At quantities less than the long-run minimum cost per unit of output, the long run average total cost curve is: a) tangent to the maximum b) to the left of the minimum c) tangent to the minimum d) to the right of the minimum

Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: (i) the fixed cost is (ii) the variable cost is (iii) the marginal cost is (iv) the average cost is

Please don't use excel and show equations used.

Check my work Required information The delivered-equipment cost for a fully equipped CNC machining system is $5.4 million. The direct cost factor is 1.52 and the indirect cost factor is 0.25. Estimate the total plant cost if the indirect cost factor applies to the total direct cost. (Enter your answer in dollars and not in millions of dollars.) eBook Hint The total plant cost is $

If the Total variable cost is 60units and the given quantity is 3 Find the average variable cost

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

For the given cost function C'(x) = 78400 + 200x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost X = b) The minimal average cost $

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

Calculate average variable Cost if total variable cost is $1000 and output is 20