Show me how to arrive at Average Variable Cost?

True or False The average total cost cannot equal marginal cost.

Is fixed cost always smaller than total cost ?

Costs (Q) = 4Q^2 + 144 What is average total cost? What is marginal cost?

Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the Washington state coast was to launch fake killer whales, predators of sea lions. The cost of making the first whale is $25,000—$7,000 for materials and $18,000 for the mold. The mold can be reused to make additional whales, so additional whales would cost $7,000 apiece.a. Calculate the total cost and average total cost of producing 1 to 10 fake killer whales by filling in the table below.Instructions: Enter your responses rounded to the nearest whole number.  Quantity Total Costsof Mold ($) Total Costsof Materials ($) Total Costs($)   Average Total Costs ($) 1 18,000 7,000 25,000   2         3         4         5         6         7         8         9         10         b. Does production of fake whales exhibit diseconomies of scale, economies of scale, or constant returns to scale?     Diseconomies of scale Constant returns to scale Economies of…

Firms are facing a lot of challenges when dealing with their costs of production. Analyze a fixed and variable cost in a fast food restaurant and how this cost will impact their operations when their business starts to grow.

If the marginal cost is increasing, do you know whether average variable cost is increasing or decreasing? Explain.