The economic profit is $3000, Total revenue is $5000, explicit cost is $800  Calculate implicit cost

The explicit cost of the firm is $800, implicit cost is $550 and the total revenue is $3000 Calculate the economic profit

Moonbucks has the following cost schedules: Quantity (bottle) Variable Cost (RM) Total Cost (RM) 0 0 100 1 90 190 2 170 270 3 240 340 4 300 400 5 370 470 6 450 550 7 540 640 8 650 750 9 780 880 10 930 1030 Calculate average variable cost, average total cost, and marginal cost for each quantity.

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

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?

A cost that changes with the level of production is called a(n)____cost a.variable b.average total c.marginal b.fixed

How do you calculate a firm's total cost and total revenue?

Hand written solutions are strictly prohibited

The at a given production level x approximates the cost of producing the (x + 1)st or next item. screenshot attached