The total cost of producing 25 tons of butter is 45000. If the average variable cost is $775, then what is the firms average fixed cost?

What is the term for the change in total cost resulting from a one-unit increase in production? average fixed cost opportunity cost average variable cost marginal cost

What is the relationship between average variable cost and marginal cost? a) They are always equal b) Marginal cost is always higher than average variable cost c) Marginal cost is always lower than average variable cost d) The relationship varies depending on the production level

If the total fixed costs of manufacturing 100 fans is $7500. Calculate the average fixed costs.

Is fixed cost always smaller than total cost ?

The Cooper Company has the following information on costs. Quantity Fixed Cost Variable Cost 3 200 10 4 200 20 5 200 30 Calculate the average variable cost of producing 5 units. Round your answer to two decimal places if necessary.

Calculate Marginal cost if total cost changes from 80 to 160 and output rises from 1 to 3

Marginal cost can be calculated both from total cost and total variable cost and is not affected by total fixed cost True/False

Find the cost function for the marginal cost function. F'(x) = - 30 e0.05x +800; 4 units cost $1900. F(x)= (Simplify your answer. Use integers or decimals for any numbers in the expression rounded to the nearest hundredth as needed.) kample Get more help. Cle