Webby Inc. is a web development company. Webby's monthly production function for developing websites is given in the table below. Webby pays $5,000 a month in rent for office space and equipment. It pays each programmer $3,000 a month. There are no other production costs. Fill in the table of production costs. Instructions: Round your answers to the nearest dollar. Programmers 0 1 2 3 4 5 6 Websites 0 2 6 12 18 22 24 Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost

Webby Inc. is a web development company. Webby's monthly production function for developing websites is given in the table below. Webby pays $5,000 a month in rent for office space and equipment. It pays each programmer $3,000 a month. There are no other production costs. Fill in the table of production costs. Instructions: Round your answers to the nearest dollar. Programmers 0 1 2 3 4 5 6 Websites 0 2 6 12 18 22 24 Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Billy’s Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced. The average cost of production for each unit of output produced was $100. The price for each of the 275 units sold was $95. What is the Total profit for Billy’s Bean Bag Emporium? Include in your answer your calculation
B. Complete the table below using the given data. Total Cost (RM) Average Cost (RM) Total Variable Cost (RM) Marginal Cost (RM) Average Variable Cost (RM) Output (unit) 01 20 10 16 3. 20 22 26 32 40 50 62 9. 76 10 2. 4567 866 1,
Output Total Fixed Cost (TFC) Total Variable Cost (TVC) Total Cost (TC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Average Cost (AC) Marginal Cost (MC) 0 200 - 1 40 2 44 3 330 4 50 90 5 37
Use the table to answer the uestion below: Quantity Total Cost 0 10 1 23 2 32 3 40 4 55 Calculate marginal cost for the third unit?
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Refer to the table below. Quantity Cost (in dollars) Fixed Costs (in dollars) Total Costs (in dollars) Average Total Costs (in dollars per unit) Average Variable Costs (in dollars per unit) Marginal Costs (in dollars per unit) 0 0 40 40 - - - - - - 1 15 40 55 55 15 15 2 35 40 75 37.5 17.5 20 3 60 40 100 33.3 20 25 4 90 40 130 32.5 22.5 30 5 125 40 165 33 25 35 6 160 40 200 33.3 26.6 40 If this information were used to create a total cost graph, the curve should Question 6 options: begin at 40 on the vertical axis and slope upward. become steeper as quantity increases. become steeper due to diminishing returns. reflect all of the above.
Hi Can you please assist to complete the following table
“A firm that earns only normal profit is not covering all its costs.” Do you agree or disagree?
Q8. For an X-ray lab, the fixed cost of equipment is 27,000,000 for the x-ray machine. The cost of a single x-ray is PKR 500. Each patient pays PKR 1150 for one x-ray test. Output Total Fixed Variable Average Average Marginal Fixed Cost Cost Total Marginal Cost Variable Cost Revenue Revenue Cost Cost 10 20 30 40 50 60 70 80 90 a. Fill the following table and draw graphs for each of the columns against output values. Calculate the breakeven point (if calculable from the data given). 100
To make a decision about opening a restaurant, what is the relevant cost for Aram? $50 thousand has been spent to date on renovating the place. Aram could be earning $ 100 thousand a year as a chef. Additional labor and other costs necessary to open the restaurant equal $ 60 thousand a year. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $ 160 thousand a b. $ 60 thousand $ 210 thousand $ 110 thousand $ 50 million
Nicole purchased a new printing machine and started a small printing shop. As per her calculations, to earn revenue of $6,000 per month, she needs to sell printouts of 27,000 sheets per month. The printing machine has a capacity of printing 35,300 sheets per month, the variable costs are $0.03 per sheet, and the fixed costs are $2,200 per month. a. Calculate the selling price of each printout. Round to the nearest cent b. If they reduce fixed costs by $310 per month, calculate the new break-even volume per month. Round up to the next whole number c. Calculate the new break-even volume as a percent of capacity. ↑ % →
Hi there can you please assist on the following question . Fill in the missing figures Output Total cost(Tc) Total fixed costs (TFC) Total variable cost (TVC) Marginal costs (MC) 0 100 1 160 2 200 3 228 4 260