2 Find the total cost function given, the fixed costs are $200 and the variable cost per unit is a quadratic function with vertex (50,100) and v-intercept (0,110).

Q: What is AC(y) for cost function c(y) = y3? Input prices are taken as constants.

A: Average cost measures the per unit cost of production.

Q: Output(units per day) 10 20 30 Total costs($ per day) 40 54 62 80 Find the average total cost at the…

A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…

Q: Suppose a firm manufactures coffee makers and sells them for $75$75 each. The costs incurred for…

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…

Q: The total cost equation for producing X widgets is given by TC = $1,000 + $6X. The average cost per…

A: Answer - Given in the question - TC = $1,000 + $6X Here  TC = Total cost  X is no. of widget  Need…

Q: If Total Revenue = 25Q-2Q^2, graph the Total Revenue function and using the average cost function,…

A: By putting the different values of the quantity in the total revenue function we will get the total…

Q: Given the following cost functions: TC=100+60Q-3Q2+0.1Q3 TC=100+ 60Q+3Q2 TC=100 + 60Q Compute…

A: Since you have posted multiple questions so as per the answering guidelines, I have solved the first…

Q: Determine the cost change factor in the following cases and identify the types of costs in them. The…

A: Cost oa production is the monetary value incurred in the process of production on inputs . There are…

Q: A firm has an average cost function A(q) =125/ q +q2 /16− 4. where q is the firm′s output. (i)…

A: Total cost(TC) is the sum of the variables and the fixed cost incurred by the firm. It is the…

Q: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The…

A: Fixed cost is the cost that does not vary with the output produced.

Q: 1. The firm's fixed costs are $2,000, and the firm's total costs of producing 100 units is $4,000.…

A: TVC = TC - TFC = 4,000 - 2,000 = $2,000

Q: 39) If the marginal cost curve is below the average variable cost curve, then A) average variable…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 7. What is the average total cost function and the MC function? 100 a. ATC= +60³; MC = 80 b. ATC=…

A: Given; Production function; F(L,K)=L1/4K1/2 Wages; w= 2 Rent; r= 4

Q: Consider the production function Q = 20K1/2L1/2. The firm operates in the short run with 20 units of…

A: In the short run, some factor of production is fixed and some factor of production can vary.…

Q: Suppose a laptop manufacturer has the given total cost function and the given total revenue…

A: Here, total cost function and total revenue function are given as: C(x) = 200x + 8000  R(x) = 500x…

Q: 12. If average fixed cost is 40'and average variable cost is 80/for a given output, we then know…

A: Average total cost refers to the cost per unit. In other words, the average total cost is the sum of…

Q: (b) A firm has an average cost function A(q) = 125 q + q 2 16 − 4. where q is the firm′ s output.…

A: Answer: Given: Average cost function; Aq=125q+q216-4where q is the output Calculation: (4) The…

Q: 1. Marginal cost is given by MC = 25 + 30Q – 9Q². Fixed cost is 55. Find the (a) total cost, (b)…

A: The firms, and businesses are the entities who are involved in the production process. The firms…

Q: 7. Given the Average Coat function: AC = x2 + 2y² - 2y- 6x + 207 – 2x %3D 7.1 Find the quantities of…

A: In a market, an optmial level of output, at which average cost is minimized, is the one at which…

Q: (2) Minimize the average cost for the following total cost function (TC) by finding out (a) average…

A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…

Q: 1.  It costs $25,000 to build 30 refrigerators. It costs $30,000 to build 40 refrigerators.…

A: Cost: It is the value of goods and services in terms of money.

Q: Define explicit costs and implicit costs.      b. Assume the following: * A firm buys a unit of…

A: Explicit cost is the cost that is incurred for paying external expenses like wages to employees,…

Q: 1. Suppose a cost function such as C(q) = 10 + 159 + 4q (a) Find the ATC, AVC, AFC and MC (b) Find…

A: The cost of production indicates the money spent on the fixed and variable factor of production. The…

Q: Consider the following cost function: C(Q) = 1000+0.1Q I| Calculate total costs when Q=100 O 1,001…

A: Total cost function shows the relationship between cost and output produced. To determine cost at a…

Q: 2.) If the total cost function is given by C(q) = -0.00002q? + 6.5q + 5400, find the marginal cost…

A: Answer to the question is as follows:

Q: Given that fixed cost =230 and variable cost=12Q ; the total cost of producing 30 units of output…

A: The amount of product produced determines variable costs. Labor, commissions, and raw materials are…

Q: Given the following cost functions: TC=100+60Q-3Q2+0.1Q3 TC=100+ 60Q+3Q2 TC=100 + 60Q In each…

A: TC=100+60Q-3Q2+0.1Q3 AC=TC/Q= 100/Q+60-3Q+0.1Q2 In this case FC= 100 VC= 60Q-3Q2+0.1Q3 AVC=VC/Q=…

Q: ips is described in the table that follows -m's fixed costs equal $10,000 per day. Ca e average…

A: Computation with the help of following formula, AVC = VC/O ATC = TC/O AFC = FC/O VC = TC-FC…

Q: Consider the following cost function: C=0.25q° - 49 + 85q + 150: When output is 16 units, average…

A: please find the answer below.

Q: In detail, What is one example of a non-linear cost function and explain what factors cause the…

A: A cost function whose graph of total cost within a relevant range is not a straight line is defined…

Q: For the given cost function C(x)=250√x+ x^2/3375 -find a) The cost at the production level 1100…

A: Given: C(x) =250x+x23375

Q: In the figure, the intersection of curves A and B is the point at which 20 16 20 40 60 80 Quantily…

A:

Q: 3] Let the total cost function be C(x) =x² + 4x + 12 $. Answer the following questions. a. Find the…

A: TC = 1/9x2 +4x+12

Q: Find the attached file.

A: Fixed cost is the cost which does not vary with the change in the output. Marginal cost is the…

Q: You are given the following cost functions: TC=100+60Q−3Q2+0.1Q3TC=100+60Q−3Q2+0.1Q3…

A: Total cost (TC): It is the sum total of the cost that is being borne by the producer in the process…

Q: 15) For any cost function, you can find min ATC by etting ATC = and solving for q. %3D

A: Average total cost = total cost/ quantity

Q: 9. What is the Average Total Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 g) 120 Oh) 160

A: Introduction Total cost is the function of output. Total cost is the addition of total fixed cost…

Q: 3. XYZ corporation produces widgets. Its short-run marginal cost curve is given by MC (q) = 10 – 5q…

A: Given information MC=10-5q+q^2 Marginal cost is the additional cost incurred by producing additional…

Q: 12 .knowing that the total cost function is: TC = 200 + 3Q, Calculate the average fixed cost when…

A: Total cost is the sum of total fixed cost and total variable cost. Average fixed cost is total fixed…

Q: Consider a linear, increasing function for total costs. If there are fixed costs, which one of the…

A: Answer: A (Marginal cost is always falling) Explanation: The marginal cost will be constant in the…

Q: If a firm’s total cost function is given by the formula: TC = 400,000 + 4Q, where the fixed costs…

A: Here, given information is: Total cost function: TC = 400,000 + 4Q Fixed cost on plant and…

Q: Answer the next question(s) on the basis of the following cost data. Notice that fixed cost is $24.…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: (iii) What part of the decreasing range is practically feasible? (iv) Write an equation for the…

A: The average (AC) cost function of the firm is, The first order condition is, The second order…

Q: The fixed overhead expense of a manufacturer of children’s toys is$400 per week, and other costs…

A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…

Q: Al Mardoof Company paid different types of costs for different output levels as shown in the given…

A: From the graph, we can see that the variable cost is depicted by the Green line. The cost is on the…

Q: 1. You are hired as a business consultant of a firm that manufactures radios and sells them for Php…

A: Since you have posted multiple questions, we will solve the first one for you. If you want any…

Q: The business venture involves the sale of decorative jewelry cases. It costs the startup $280 to…

A: Answer: Given, The total cost of producing 40 jewelry cases = $280 The total cost of producing 60…

Q: ne that it costs a company approximately C(x) = 400,000 + 160x + 0.002x2 s to manufacture x…

A: When MC<AC, then AC is decreasing When MC=AC, then AC is constant or say at minimum When…