Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Marginal Fixed Variable Total Average fixed Average total Average Quantity variable cost cost cost cost cost cost cost $50.00 1 $68.00 $85.00 3 $380.00 4 $30.00 What is the total cost when producing zero units? Determine if the statements and expressions regarding costs are true or false. True False Average fixed cost is always higher than average variable cost. All costs are either fixed or variable. When fixed costs are positive, the average fixed cost curve is downward- The ATC is always greater than or equal to AVC. sloping. The ATC crosses the MC at the lowest point on the MC. FC+ VC ATC The ATC is rising when the MC is below the ATC. The ATC is increasing whenever the MC is increasing. The VC curve is modeled as a horizontal line. MC refers to the change in total cost associated with the production of TC = FC + VC + MC another unit.

Answer all and get like. Hand written solutions are strictly prohibited

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

Calculate average cost when total cost Is 100 and total quantity is 8

Total Fixed Cost (TFC), Total Variable Cost (TVC), Total Cost (TC), and the Average Total Cost (ATC) per unit. A company produces 100 bicycles per month. The company pay 3,000 per rent, 2,000 per insurance, 1,000 per loan, including interests, 3,000 per labor, and 11,000 per raw materials. Calculate the Total Fixed Cost (TFC), the Total Variable Cost (TVC) the Total Cost (TC) of producing the 100 bicycles and the Average Total Cost (ATC) per bicycle.

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

Calculate total costs at 4 units of output.  Do not put a dollar sign in your answer.  (The 6 columns are Quantity, Total Fixed Cost, Total Variable Cost, Total Cost, Average Total Cost, and Marginal Cost.  The Quantity and Total Variable Cost columns have been filled in along with the first row for Total Fixed Cost.  Average Total Costs and Marginal Costs are not calculated at a quantity of 0.) Quantity Total Fixed Cost Total Variable Cost Total Cost Average Total Cost Marginal Cost 0 15 0   XXXXX XXXXX 1   25       2   40       3   50       4   55       5   65       Calculate average total costs at 2 units of output.   Calculate average total cost at 5 units of output.   Calculate marginal cost at 4 units of output (moving from 3 units to 4 units).   Can you tell if this is the short run or long run?    Can you tell at which level of output profits will be maximized?

. Given the following fixed and variable costs and the volumes, calculate the total andunit costs.

What will be the value of average fixed cost if total fixed cost is $350 and the output is 50

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.