widget factory roduction. worker is $200 per day. The cost of each machine is $400 per day, regardless of the number of widgets produced. The following table shows the production and cost structure of the firm, where L is the number of workers, K is the number of machines (2), and TP is the total product, measured in the number of widgets produced per day. LK TP MP FC VC TC AFC AVC ATC MC 020 12 19 2 2 36 3 2 51 4 2 64 5 2 75 6 2 84 7 2 91 8 2 96 (a) Calculate the firm's marginal product of labor (MP), fixed cost (FC), variable cost (VC), total cost (TC), average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and marginal cost (MC) at each level of output.

A movie club charges a one-time membership f $25. It allows members to purchase movies for each. Another club does not charge a membersh fee and sells movies for $12 each. How many mc must a member purchase for the total cost of th two clubs to be equal?

I need some help with the attached

The following table represents the short-run total cost schedule of a bottled water manufacturer. Study the table below and then answer the question. When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is: Labour (workers per day) Output (bottles of mineral Total cost (R) water per day 0 0 400 1 30 700 2 80 1000 3 120 1300 4 140 1 600 5 150 1900 a) R5 b) R6 이이 c) R12,50 d) R20

Use the cost table below to find the following marginal costs. Output quantity Total variable Total fixed Total cost cost cost 20 80 60 140 40 140 60 200 60 210 60 270 80 300 60 360 100 420 60 480 120 600 60 660 140 840 60 900 What is the marginal cost when output is 20? $ What is the marginal cost when output is 80? $ What is the marginal cost when output is 120? $ |

Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows:Output     TFC         TVC        TC      AFC      AVC    ATC     MC 0.                                             10001.                               1002.                                                                                             1003.                               4004.                                                                                4505.                               16006.                               32007                                6400 A) Given the partial data available, finish the table and calculate all the costs. B)What is the minimum efficient scale of Vinnie’s company?C)What is the marginal cost of 6 houses?D)If Vinnie charges $825 per house, how many houses he should paint to                 maximize profit

Calculate the marginal cost when the total cost rises from 30 to 75 and the quantity changes from 1 to 2

the various measure of the cost

When Simone produces 33 balls, her average total cost is $45.95 and her fixed cost is $211. What are her variable costs?

Let F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the average variable cost, and AC, the average cost. Complete the following cost table. (Enter numeric responses rounded to two decimal places.) Output (q) 1 2 3 4 31 5 6 7 8 9 06 10 F $200 200 200 200 200 200 200 200 200 VC $48 84 108 120 144 344 380 228 428 288 488 60 560 с MC $248 $48 AFC AVC AC $200.00 $48.00 $248.00 284 36 100.00 42.00 142.00 308 24 66.67 36.00 12 50.00 30.00 80.00 24 40.00 68.80 36 33.33 30.00 63.33 28.57 32.57 61.14 36.00 61.00 40.00 62.22 44.40 360 444 72 84 22.22 20.00