X (1) WhatsAppx https://obs.mu.edutrjoibs/ogeweb.whatsapالإشارات الأخریCambly101AccountingCoach ACBUSINESS Eobszce)(i.O) 20Z0-2021 BaharMarginal cost is given by 20 + 10Q-12Q2. Fixed cost is 100. What is the average cost?100O A. 3Q2 + 20Q + 20 +Q20O B.-4Q? + 5Q + 80 +20OC 3Q2 + 10Q+ 80+100O D. 4Q2 + 5Q+20+401A- Type here to search BUSINESSCamblyإدراكobs 6zce)(1.O) 2020-2021 BaharMarginal cost is given by 20+10Q- 12Q2. Fixed cost is 100. What is the average cost?O A.100-3Q2 +20Q + 20 +20O B. 4Q2 +5Q+80+Q20OC3Q2 + 10Q + 80 +100OD. 4Q2 + 5Q+20+Type here to searchASUS VivoBook

Marginal cost means the cost incurred by the producer for producing an extra unit of commodity. and…

Answered: Marginal cost is given by 20 + 10Q-…

Marginal cost is given by 20 + 10Q- 12Q2. Fixed cost is 100. What is the average cost? O A. 100 -3Q2 + 20Q + 20 + 20 O B. 8.-4Q2 + 5Q+ 80 + 20 OC 3Q2 + 10Q+ 80+ 100 O D. 4Q2 + 5Q+20+

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Marginal cost is plotted (as an approximation) halfwa between successive units of output. a. True O…

A: Total cost: Total cost refers to the cost that includes fixed cost and variable cost. Here, fixed…

Q: 1. In a the short product process a(an) _marginal product of labor explains why marginal cost is…

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

Q: Average Total Costs C1 C2 SRATC1 SRATC2 SRATC3 Q2 SRATC4 SRATC5 LRATC Q1 Q3 Output A graph showing…

A: The minimum efficient scale of production means the lowest quantity required to produce at the…

Q: IS the 45 40 MC ATC 30 25 15 10아 MR 8 10 14 Output 12 16 20 22 26 O A. 5 units O B. 20 units O C. 16…

A: In the monopoly market, there is a presence of a single seller selling a unique product in the…

Q: Lisa quit her $40,000- per- year job to start her own economics consulting firm. At the end of her…

A: Explicit cost is the actual monetary spending. Implicit cost is the opportunity cost of doing a…

Q: QUESTION 9 The slope of the iso-cost curve O a. Depends on the marginal productivity of the inputs…

A: Iso-cost curve: It can be defined as the combination of labors and capital used for production of…

Q: 7. What is the total cost for the firm if they decide to produce 240 units? $ 8 540 540 140 530 120…

A: Total cost (TC) is a comprehensive financial measure that represents the total economic cost…

Q: Output (Q) 150 200 Total Fixed Cost $500 $500 Total Variable Cost $400 Select one: O a. $2.67 O b.…

A: The term "average cost" refers to the price per unit produced throughout a production run. It…

Q: ģģ Plant 1 Plant 2 ACI AC2 W 01 02 03 Q4 Plant 3 Select one: O A. Q₁ and Q4. B. Q₁ and Q3. C. Q4 and…

A: The combination of total fixed and variable cost that divides the total number of units in the…

Q: As output increases, total cost total fixed cost and total variable cost O. increases; does not…

A: The total cost incurred by a firm includes fixed cost and variable cost. Fixed costs do not change…

Q: What is the quantity that will minimize the average total cost? 04 O 7.5 20 O 11

A: The Average total cost refers to the per unit cost of production. ATC = TC/Q The ATC includes both…

Q: QUESTION 10 If a Cobb Douglas technology (with factors having strictly positive marginal product)…

A: Cobb Douglas's production function depicts the technological relationship between the amount of…

Q: An employee from the Mixing department worked 36 hours during the week. His salary is $12.00 per…

A: In cost accounting, costs are classified into different categories for budgeting and financial…

Q: Question 30 Output Total Fixed Cost Total Variatle Cost 12 12 2. 12 12 14 12 21 12 31 44 12 6. How…

A: Total cost is the cost of all activities conducted to produce goods. It is the sum of variable cost…

Q: Chuck owns a factory that produces leather footballs. His total fixed cost equaled $86,000 last…

A: Total cost is defined as the sum of all the expenses being faced by the producer in order to produce…

Q: Suppose Joann knows the average total cost of producing 9 gallons of ethanol is $5, while the…

Q: Marginal cost is given by 12 e5Q Fixed cost is 56. What is the total cost? O A. 24e0.5Q + 32 O B.…

A: MC=12e0.5QNow,TC=∫12e0.5QdQ=12∫e0.5QdQTC=12×e0.5Q0.5+FCTC=24e0.5Q+56

Q: Which of the following is also known as the firm's planning curve? The total cost curve O The…

A: Over the long run, all inputs are variable and firm can change its plant size according to the…

Q: Marginal cost is plotted (as an approximation) halfway between successive units of output. a. True O…

A: Costs represent the expenses that firms incur during their production activities. A firm incurs…

Q: 2. 3 pts Question 6 Table 5.1 Total Total Cost Output 0. 000 0 1. 3,500 3. 4 000' 4,500 5. 5,200 9.…

A: find below the answer

Q: Why would a tirm be happy to cam zero economic protts? Because zero oeonomic profit means that the…

A: Accounting profit = Total revenue – total cost Economic profit = accounting profit –…

Q: Suppose the total cost of producing T-shirts can be represented as TC = 36+ 2Q. The average total…

A: Average total cost = Total cost/output ATC = TC/Q

Q: 50 40 Costs per 30 unit (dollars) 20 10 0 11 500 SRATCA SRATC SRATC A 1,000 1,500 2,000 Quantity of…

A: We need to determine at what level of weekly output the average total cost is minimized. This…

Q: Cost LRAC A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run…

A: We have to find Long run average cost curve.

Q: A cost which has a fixed element below which it will not fall is known as O a. Cost of production. O…

A: The expenditure incurred in the production of services and goods is termed as cost. There are…

Q: Total Costs Marginal Costs Use the following information to answer the question. Variable Costs $20…

A: Option a) $52: This option is incorrect because it inaccurately computes the average fixed cost for…

Q: Figure 8.3 shows a firm's marginal cost, average total cost, and average variable cost curves. At…

A: Average total cost = 90Average variable cost = 30

Q: Refer to the figure below. What can we conclude from this figure? Graph of Per Unit Costs What is…

A: The creation of additional output due to the result of additional input being placed into the…

Q: Payment made to others is known as O a. Implicit cost O b. Production cost O c. None of these given…

A: When a firm or individual makes a payment to someone else, in the form of salary or rent, etc. It is…

Q: Cost £ AC Q Quantity per week Figure 3 Short run average cost curve for a firm Figure 3 shows the…

A: Average cost refers to the total cost per unit of output. It looks like a U-shaped curve.

Q: Which of the following statements is TRUE? O A. If marginal cost is greater than average total cost,…

A: The total production process of a firm is an amalgamation of various costs, the optimum quantity…

Q: If the Marginal Cost MC = 130 + 0.6Q2 , and the Fixed costs are 40, then the Total Cost is TC =…

A: Answer: Given, MC=130+0.6Q2Fixec cost=40 Calculation: TC=∫MC…

Q: 1. How much is fixed cost (TFC)? For the following questions, first check: a) is P greater than or…

A: Hi student, thanks for posting the question. As per the guideline, we are providing answer for the…

Q: Suppose a particular firm exhibits constant returns to scale as it increases its output over any…

A: Returns to scale refers to proportional change in total cost in response to proportional change in…

Q: Output Total Cost 105 1 125 140 180 4. 240 320 The average fixed cost at a quantity of 2 is given by…

A: Formula: Average fixed cost= total fixed cost / output

Q: Cost LRAC B A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run…

A: In economics, when the firm expands or grows then there exists a change in its cost too. When the…

Q: If you know that average variable cost is at a minimum, then you can deduce that marginal cost is…

A: Average Variable Cost is calculated by dividing total variable cost with the output. Variable Cost…

Q: The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity…

A: Total Profits of 5 drive ways = Total revenues of 5 driveways - Total cost of 5 drivewaysTotal…

Q: QUESTION 35 As you add more and more units of a variable factor to a fixed factor, marginal output…

A: According to the law of variable proportion as more and more units of variable factor ( say labor)…

Q: What is the average fixed cost and average variable cost if nine instructional modules are produced?…

A: Cost is the total amount spent or the total expenditure which is incurred while producing a product…

Q: Nina is a farmer that grows and sells tomatoes. Her total explicit and implicit costs are 950000 per…

A: The sum of all costs, both fixed and variable, is known as the Total cost. The cost per unit…

Q: Consider ADNOC decreasing the hourly wage rate (i.e., hourly salary) to all workers employed in her…

A: Fixed cost is the cost that is independent of the total number of units produced, whereas, variable…

Q: QUESTI ON 16 Suppose that for a particular firm the only variable input into the production process…

A: Disclaimer :- as you posted multiple questions we are supposed to solve the first one only as per…

Q: Bob produces candles. The average total cost reaches its minimum at a quantity O A. the same as the…

A: The AVC curve, which shows the per-unit variable expenses a company faces at various output levels,…

Question

X (1) WhatsApp
x https://obs.mu.edutrjoibs/oge
web.whatsap
الإشارات الأخری
Cambly
101
AccountingCoach AC
BUSINESS E
obs
zce)(i.O) 20Z0-2021 Bahar
Marginal cost is given by 20 + 10Q-12Q2. Fixed cost is 100. What is the average cost?
100
O A. 3Q2 + 20Q + 20 +
Q
20
O B.
-4Q? + 5Q + 80 +
20
OC 3Q2 + 10Q+ 80+
100
O D. 4Q2 + 5Q+20+
40
1A
- Type here to search

BUSINESS
Cambly
إدراك
obs 6
zce)(1.O) 2020-2021 Bahar
Marginal cost is given by 20+10Q- 12Q2. Fixed cost is 100. What is the average cost?
O A.
100
-3Q2 +20Q + 20 +
20
O B. 4Q2 +5Q+80+
Q
20
OC3Q2 + 10Q + 80 +
100
OD. 4Q2 + 5Q+20+
Type here to search
ASUS VivoBook

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1.

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Ot
Consider the three figures below, depicting possible cost functions for a firm. The horizontal axis measures output in all figures, while the vertical axis measures dollars. A B Which of the following statements are correct? Choose one or more: ⒸA. Figure A could represent the average total cost. OB. Figure B could represent the average total cost. C. Figure C could represent the average total cost. OD. If Figure B represents the average variable cost, then Figure C could not represent the average total cost. OE. If Figure B represents the marginal cost, then Figure C cannot represent the average total cost.
When a firm produces one unit, the variable cost is $7. When the firm produces two units, the variable cost is $10. When the firm produces three units, the variable cost is $12. What is the marginal cost associated with three units of production? Select one: O a. 3 O b. 7 O c. 2 O d. 0
Marginal cost is average variable cost when O a. equal to; average variable cost is minimized. O b. greater than; average fixed cost is minimized O c. equal to; average total cost is minimized O d. less than; total cost is maximized If Mark produces five pairs of earrings, his total costs are Number of TVC MC AVC TFC TC Earnings 100 1 50 2 3 46.67 4 300 5 270 O a. $320. O b. $370. O c. $400. O d. $360.
Question 6 Not yet answered Marked out of 1 Remove flag Drawinue nare If the average fixed cost of seven tubs of ice cream is $50, the total cost of zero tubs is: O a. $350 Ob. $250 c. $500 Od. $200 Clear my choice Next page
Typically, the marginal cost curve is marginal returns suggests that added units are O upward-sloping; more costly to produce Odownward-sloping; more costly to produce O upward-sloping: less costly to produce because diminishing
KA
A Share Zoom TVC TC AVC MC 0. 15 23 30 Answer the following questions:
Is a type of cost which does vary with the unit of production and will change with the number of unit sold. O A. Variable cost O B. Fixed cost O C. Sunk cost O D. Opportunity cost
Output TC ($) 200 250 15 300 20 350 23 400 25 450 Refer to the information above to answer this question. If total variable cost decreases by 20% at all levels of output, what is ATC when output is 20? O a. $12 O b. $30 Oc. $10 O d. $16 O e. $80
If a firm quadruples(4x) in size and output triples (3x), what is the returns to scale? O A Increasing returns to scale O B O с O D Constant returns to scale Decreasing returns to scale Cannot determine
TVC TC AYC MC 15 23 2. 12 30 **** wing questions: