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

Q: Suppose that the cost function for a commodity is (x) = 90 + x? dollars. (a) Find the marginal cost…

A: Answer to the question is as follows :

Q: 1. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?

A: To find : What will be average fixed cost.

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

A: Since you have asked for the solution of B and C only. So, I am answering only B and C.

Q: When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases…

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

Q: 2. Suppose a firm has the production function f(k,l) = (k'/3 + l!/3)3 a. Calculate the cost function…

A: A cost function refers to a mathematical expression which shows the least cost of manufacturing a…

Q: 3. Assess which of the following is true and which is false. A firm’s total cost function is given…

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

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: 9. For the cost function C(Q) = 100 + 20 - 302, the marginal cost of producing 2 units of output is…

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

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: 5. A firm has two plants (A) and (B) for production. The Total cost function for each is given by:…

A:

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: 3:5 Uwe produces bicycles. The quantity of bicycles is Q. The material costs are 36 for each…

A: Since , we are given that Quantity of bicycle produced=Q Material cost= 36 for each means 36Q Cost…

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: Joel hires students to sell magazine subscriptions at $450 per student per week. He leases equipment…

A: Total cost is the sum of Fixed cost and variable cost. Fixed cost remains same at all levels of…

Q: Question 1. The marginal cost function of a company is given by C'(q) = 3q² – 24q + 210 rand/unit…

A: Before solving the above problem, let us first understand some key concepts relating to costs in…

Q: A firm has a cost function given by C(y)=100+12y-8y^2+2y^3. At what output level is marginal cost…

A: "In economics, cost refers to the value of money that is spent in order to produce a good." "A cost…

Q: D) Quadratic Functions and Economics 1) The cost function of a firm is shown as TC=2q-44q+1100. What…

A: Given  Total cost function  TC=2q2-44q+1100           .......... (1) We have to find total cost…

Q: 25) If a firm has the cost function C(q) = 5q² + 20q + 180 and the marginal cost function MC(q) =…

A: average cost or unit cost is equal to total cost divided by the number of units of a good produced…

Q: 2. Trapper Joe, the fur trader, has found that his production function in acquiring pelts is given…

A: Given: q = 2H0.5 H= q2/4 Now, it is given that per hour a worker earns $8. Therefore, Total cost…

Q: $100 90 80 70 60 50 40 30 20 10 1 2 3 4 567 89 10 Quantity of Output Refer to Figure 7-3. Which is…

A: please find the answer below.

Q: When a firm produces one unit, the variable cost is $3. When the firm produces  two units, the…

A: Given information: Variable cost when the firm produces 1 unit = 3 Variable cost when the firm…

Q: When a toy factory makes x dolls a day their total cost is C(x) = 50 + 9x + 0.02x² dollars. What is…

A: ANSAverage Cost (AC) is the per unit cost of the output. It is obtained by dividing the Total Cost…

Q: Suppose Ralph has a chicken processing plant with the total cost function shown in the accopmanying…

A: Fixed cost does not depend on output. It remains fixed even when firm produces 0 units. Variable…

Q: 1. What is the total cost of the engine? 2. What is the total direct labor cost? 3. What is the…

A:

Q: 2.1 For each of the following, decide whether you agree or dis- agree and explain your answer: a.…

A: There are decreasing, increasing and constant returns to scale.

Q: Using the Diagram above, answer the following questions: b). Suppose this firm produces 15 units of…

A: Variable cost is the cost that is closely associated with the production activity. That is, it moves…

Q: 14. The research department of Acme, Inc. has determined the marginal cost function for one…

A: The marginal cost of production refers to the incremental cost incurred in the production of an…

Q: 1. What is the cost of the engine block? 2. What is the direct labor cost? 3. What is the total cost…

A: A part of the wage bill or payroll that can be specifically and consistently assigned to or…

Q: 9. At an output level of50 units per day a firm has average total costs of $60 and averagevariable…

A: here we can find the total fixed cost as follow

Q: A firm produces identical outputs at two different plants. If the marginal cost at the first plant…

A: The firm seeks to maximize the profit. The profit is maximized where the MR=MC. Firm can use its…

Q: A firm has a fixed production cost of $4000. For the first 100 units of production, the firm has a…

A: Given Information: Fixed cost = $4000 For the first 100 units, the marginal cost = $50 per unit…

Q: In the short run, a firm's total costs of producing 100 units of output equal $10,000. If it…

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

Q: 2. Suppose a firm is currently producing at point A in the figure below. Is total cost currently…

A:

Q: c) If the total cost of a product is TC = 45 + 5Q − 2Q 2 + 2Q 3 , Find i) Marginal cost function at…

A: Total cost is the cost that includes fixed cost as well as the variable cost of the production…

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: 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: QUESTION 2 A firm is considering changing its plant size. It calculates the amount of output it…

A: Answer: Diseconomies of scale: diseconomies of scale occur when due to an increase in the quantity…

Q: What is the fixed cost of production

A: Given, MC(q) = 6 + (9/10) * q By integrating this function, we can get Total Variable Cost (TVC)…

Q: 7. If the Marginal Cost for a product is found to be MC = 10eº.5x, and the Marginal Revenue is given…

A: We are going to find the cost function and profit function to answer this question,

Q: QUESTION 6 When Hidden City Cafe uses K units of capital and L units of labor, it can produce Q…

A: Q = 5L1/2 L1/2 = Q/5 Squaring, L = Q2 / 25 TC = wL + rK TC = 25 x (Q2 / 25) + 20 x 5 TC = Q2 + 100

Q: Question 3 to the cost of producing the (x + 1)st item? Can you think of a cost function, so that…

A: Given, Cost Function = x  cost of producing the x + 1st item

Q: . (20 points) A firm has a cost function c = 0.5g³ – q² + q. (a) What is its fixed cost? (b) At what…

A: Total cost consists of fixed cost and variable cost. Fixed cost is constant and does not depend on…

Q: OUTPUT TOTAL COST 40 1 49 57 64 4 70 77 6. 85 : The TVC of producing 4 units of output is : The AFC…

A: "The total variable cost represented by TVC indicates the total of all the variable costs of inputs…

Q: onsider a production function Q = (K1/2) + (L1/2) + (M1/2) where L, K, M represent labor, capital,…

A: Given Production function Q = (K1/2) + (L1/2) + (M1/2) Price of L, K, M are 1,1,and 1 Q=12

Q: 20.3 (0) A firm uses labor and machines to produce output according to the production function f(L,…

A:

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: We expect the marginal cost to increase as this firm produces more computers. But when the firm…

A: Marginal cost (MC) is the change in total cost or total variable cost per unit change in output.

Q: When a firm produces one unit, the variable cost is $8. When the firm produces two units, the…

A: Marginal cost is the addition to the total cost. Total cost consists of total fixed cost and…