5. A firm's short-run cost curve is C(Q) : of b are cost, average cost and average variable cost positive at all levels of Q? 100 + 50Q – bQ² + Q³ /2. For what values

Q: 36) In the short run, if marginal product is A) above; decreasing B) below; decreasing C) above;…

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

Q: 16. The long-run average total cost curve: A) displays declining unit costs so long as output is…

A: Long run average cost curve represents least average cost to produce any given level of output. In…

Q: The curves in this figure reflect information about the average total cost, average fixed cost,…

A: Answer to the question is as follows:

Q: What are the kinds of cost which firm face in short run. Explain theoretically and graphically the…

A: Short run refers to the time period where some of the factors of production remain same throughout…

Q: A firm's total product curve in the short-run may first increases at rate due to marginal returns,…

A: According to the law of variable proportions, when there is increase in marginal product, total…

Q: true or false If long-run marginal cost is greater than long-run average cost, then the firm is…

A: Decreasing return to scale - when proportionate increase in inputs causes less than proportionate…

Q: 9. Working with Numbers and Graphs Q9 If total variable cost is $120 and average variable cost is…

A: * SOLUTION :-  * 1)   Given Total variable cost= $120 Average variable cost=$10 The quantity of…

Q: 1. Economies of scale exist over the range of output to units. Does the firm experience diseconomies…

A: Economies of Scale  This describes the cost savings that occur as a company expands its scale of…

Q: 5. True or False. The U shape of the long-run ATC curve is the result of diminishing returns..

A: We are going to explain the concept economies of scale to answer this question.

Q: If you have the following Marginal cost (MC) Variable costs (VC) Total cost (TC) Fixed cost Quantity…

A: Since you have posted multi subparts question, as per guideline we will solve first 3 subpart only.…

Q: Cost £ AC Quantity per week Q Figure 3 Short run average cost curve for a firm Figure 3 shows the…

A: Cost refers to the value of all the inputs that are used up in the production of a good or in the…

Q: Assume that in the short run a firm is producing 200 units of output, has average total costs of…

A: Total fixed cost is a part of Total cost which remains constant. The total cost can be calculated…

Q: firm X has a total cost of 100 and a total variable cost of 80, what is its total fixed cost?     a)…

A: Fixed cost is independent of output produced.

Q: ii) Listed in the table is the short-run total cost for Firm C. Output 1 2 3 4 Cost 20 39 57 74 90…

A: The diminishing return means the marginal cost should increase as the output increases.

Q: 5. Given that fixed costs are 1 and that variable costs are Q + 1 per unit, express TC and AC as…

A: Given  Fixed cost =1 and variable cost per unit = Q+1

Q: 1.Assume that a firm experiences constant returns to scale over twenty-five percent of its output…

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

Q: Quantity Total cost (in Taka) Average total cost Variable cost Average variable cost Marginal cost…

A: Quantity Total Cost Average Total Cost Variable Cost Average Variable Cost Marginal Cost 0 4.0 0 0…

Q: 6. A firm's long-run total cost function is given by LTC = 115.000Q-500Q2 + G where Q is the…

A: Gradually in simple words we can say that the economies of scale are determined to be as the cost…

Q: What is the formula to calculate profits?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Assume that in the short run a firm is producing 500 units of output, has average total costs of…

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: 15. If a firm's short – run total cost function is TC = 20 + 2q? then its short run average cost at…

A: TC = 20 + 2q^2  AC = TC/q  by putting the value in TC of q = 1  TC = 20 + 2. (1) ^2         AC = TC…

Q: In the short run, when a firm produces 60 units of output, its total fixed cost is $120. Then the…

A: Total Cost is the sum total of fixed cost and variable cost incurred in the production of all the…

Q: 3. Suppose the firm's production function is given by F(K,L) = min (Kt,Lt) (a) Derive the long-run…

A: The fixed proportion production function, f(K,L) =Q= minK13,L13 In this production function, the…

Q: Question 6 The table below describes the cost functions for a food manufacturer. Total Fixed…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost does not depend on output and…

Q: 1)Which of the following is most likely to be a fixed cost for a firm? A) The interest payments made…

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

Q: 2.4 Q7 In the theory of the firm, economist consider the total cost to be a function of the output…

A: According to the mathematical definition of the function, it is a relation which associates each…

Q: 22) The marginal cost curve intersects the ________ at its minimum. A) average variable cost curve…

A: Marginal cost MC gives the change cost due change in production by one unit. Average variable cost…

Q: 6) If a firm produces 100 units of output and has an average total cost of $6 then what is their…

A: Average total cost refers to total cost divided by a total unit of output produced. It is the sum of…

Q: Question 7 Short run costs A firm's short-run cost function is C(q) = 10q - 12q? +0.5q+ 400 1. Find…

A: Here, a firm's short-run cost function is given as: C(q)=10q-12q2+0.5q3+400

Q: Assume that In the short run a firm Is producing 100 units of output, has average total costs of…

A: Average variable cost (AVC): - it is the average value of the cost incurred due to the employment of…

Q: A firm has fixed costs of $60 and variable costs as indicated in the table below. Complete the…

A: a) Total Product Total Fixed Cost ($) Total Variable Cost ($) Total Cost ($) Average Fixed Cost…

Q: .1. With the aid of appropriate graphs, explain the relationship between the Law of Diminishing…

A: Law of Diminishing returns is Law of production theory which is applicable in short run. Production…

Q: 4. The shape of a firm's long-run average cost curve depends o how costs vary with scale of…

A: Return to Scale: The return to scale refers to the behavior of output when all the inputs or factors…

Q: Question 21 When a firm increased its output by one unit, its AFC decreased. This is an indication…

A: The firms depend upon the fixed and the variables costs as they need to bear them at the initial…

Q: 7) What is the relationship between AFC, AVC & ATC? How are these calculated? 8) A firms produces an…

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

Q: Q.2      Based on your knowledge of the definition of the various measures of short-run cost,…

A: In short run, a firm incurs two main types of costs fixed costs and variable costs. Fixed cost is…

Q: uestion 9 of 20 Total Total Average Average Average Variable Total Marginal Variable Output (Q)…

A:

Q: Tex has a small plant that produces storm windows. Its total revenue function is ?? = 5.4?, and the…

A: As we answer only 3 subparts and the question has more than 3 subparts, so we would be answering the…

Q: [16] Operating in the short run with one fixed input and one variable input, the marginal product of…

A: (16) Answer: Given Information, Marginal Product (MP) = 10 - X Output price = 3 Variable Price (Let…

Q: 10 If a firm's short – run total cost function is TC = 20 + 10q? then its marginal cost at an output…

A: Here, short-run total cost function is given as: TC=20+10q2 To find: Marginal cost at the output of…

Q: A firm’s fixed costs for 0 units of output and its average total cost of producing different output…

A: All the table values can be calculated with the following formulae.