5. Suppose the short run total cost function is TC = Q° -8Q² +240Q+200 , then at Q=10 A) What are the TFC, TVC and TC? B) What are the AFC, AVC, and AC? C) What is the MC?

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: true or false The minimum short-run average total cost occurs at a level of output that is greater…

A: The minimum short-run average total cost occurs at a level of output that is greater than that at…

Q: firm is producing 100 units of output at a total cost of $800. The firm's average variable cost is…

A: Marginal Cost (MC): - it is the additional cost incurred due to the production of an additional…

Q: 3. Assume that in the short run a firm is producing 200 units of output, has average total costs of…

A: Fixed cost, conjointly called indirect prices or overhead prices in accounting and political…

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: Suppose ATC (Q=500) = $300 per unit & ATC(Q=501) = $301 per unit, where Q denotes output level, ATC…

A: GIVEN     Suppose ATC (Q-500) = $300 per unit  ATC(Q=501) = $301 per unit where Q denotes outout…

Q: Assume that in the short run a firm is producing 1,000 units of output, has average total costs of…

A: Solving with the help of formula

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: At its current short-run level of production, a firm’s average variable costs equal $20 per unit,…

A: Given: Average variable costs (AVC) = $20 per unit Average fixed costs (AFC) = $30 per unit. Total…

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: 22. The long-run average total cost curve: a. displays declining unit costs so long as output is…

A: Has to answer only one question as per guidelines. 22. long run average total cost curve is the…

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: Question 5 of 7 A firm's long-run total cost function is C 360 + 40Q = 10Q2. a. What is the shape of…

A: Given: A firm's long-run total cost function is: C = 360 + 40Q + 10Q2 To Find: The shape of the…

Q: a.    Find the first, second and third derivatives of the following total cost function: TC(Q)=Q3…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 6. If the Marginal Cost for a product is found to be MC = 8x + 60, and the Marginal Revenue is given…

A: We are going to use Profit maximization method to answer this question. Use differentiation and…

Q: Question 4. (a) Explain how the long-run average cost curves will differ between a private hospital…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

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: The difference between total cost and total fixed cost

A:

Q: 6. Consider a firm with the following total cost function: TC = 125 +4Q+15Q² (a) What is the measure…

A: Answer - A Answer - Need to find- The measure of firm's economy of scale  Given in the question- TC…

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

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

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: 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: 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: (a) How can you tell if these cost curves are for the short run or the long run? (b) What does the…

A: Total costs TC equals TFC plus TVC. Total fixed costs (TFC) are the total payment of the firm on…

Q: Assume that in the short run a firm is producing 1,000 units of output, has average total costs of…

A: Here given that, Short run a firm is producing 1000 units of output , Q = 1000 units  Average total…

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: Question #05 The short-run cost function of a company is given by the equation TC=200+55q, where TC…

A: Answers   TC=200+55q a) Fixed cost is that cost that is constant throughout all the quantities of…

Q: A firm has the following total revenue and total cost schedules: TR = $3Q. TC = $4,000 + $1.7Q.…

A: Break-even is the point at which revenue and total costs are equal, indicating that the business is…

Q: 11. To the economist total cost includes: a. explicit and implicit costs, including a normal profit.…

A: 11. The total expenses being incurred includes both explicit and implicit costs on the resources in…

Q: A firm has a Cobb-Douglas production function, q = 2L^0.5K^0.5 . If it faces prices of w = 20 and r…

A: q=2L0.5×K0.5q=2L0.5×(100)0.5q=2L0.5×10q=20L0.5L=q202L=q2400

Q: Question 3 Discuss the relationship between Long-Run Average Cost and Short-Run Average Cost for a…

A: The short run average cost would result in the change in the cost with the change in output in the…

Q: 1. Evaluate the view that the main goal of firms will always be cost minimization.

A: Note: Only first question is answered since the exact one wasn’t specified, if you want answers for…

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: 31. Applied Optimization Due Wednesday, Mar 25, 11:59pm CDT O Find the economic lot or economic…

A: Let the optimal number of production runs be N and economic order quantity per production run be x.…