A firm experiemces A) diseconomies of scale, average total cost curve slopes downward B) economies of scale; long-Tun average cost curve slopes upward C) diminishing marginal returms; average total cost curve shifts upward. D) constant returns to scale, long-run average cost curve slopes downward E) None of the above when its as output increases.

Q: Total Cost AVC AFC ATC MC -- -- 1 25 40 65 a5 20 16 20 216 25 29 3 15 20 25 4 105 145 4 (15) For any…

A: Since you asked for only drawing the diagram, we are doing that only.

Q: of scale. As Big Jake Lumber expands, the cost of shipping the lumber drops sharply. This is an…

A:

Q: 10. If the total cost function for a product is given by: TC - 1500 + 3Q - 10 Q² + Q° And if the…

A: Given: Total cost function is: TC=1500+5Q-10Q2+Q3

Q: Tolal Fbed Total Varlable Cost Tatal Total Cost Cost Variable Cost Flved Cost Product Cast 60 00 45…

A: FIXED cost is independent of output produced thus the required fixed cost is $ 60 whereas variable…

Q: At an output of 20,000 units per year, a firm's variable costs are $80,000 and its average…

A: Given information: Total output produced: 20,000 units per year Total variable cost: $80,000 per…

Q: Define the term semi-variable costs?

A: The costs incurred by a producing agent in the procurement of factor inputs for the production of a…

Q: Which of the following cost relationships is incorrect? a. APL=TP/L b. TVC= TC-FC c. MC=change in…

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

Q: b. If AC= Q?-4Q+10 i. Final the total cost and marginal cost function. Is this function is more…

A: TC = Q x AC = Q3 - 4Q2 + 10Q MC = dTC/dQ = 3Q2 - 8Q + 10

Q: Consider the following production functions:Q50KaOs BO G) find the value of a when K- 1, L= 1 G)…

A: Given; Production function; Q=150K0.7L0.5 i) If the value of K=1 and L=1, then; Q=150K0.7L0.5…

Q: A. increasing return to scale B. decreasing returm to scale C. constant return to scale D. depends…

A: The production function is a line or boundary that indicates the maximum amount of output that may…

Q: An electronic-parts manufacturer with U-shaped short-run cost curves is producing 15,000 units per…

A: Cost function shows how the cost of the production of a good changes with the change in the quantity…

Q: Suppose the cost function for a product is linear and the marginal costis $5. If the profit is $200…

A: Answer a) The marginal profit gives us the slope of the profit function's line. Using this slope…

Q: The difference between variable cost and fxed cost is that Select one: a. fixed cost is paid even…

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

Q: Windhoek Manfacture tender to manulacture nurse's uniform.hecentlu,hündhek manufactue Company its…

A: Total cost (TC) incurred by any particular firm is the sum of all production cost that a firm incurs…

Q: ATC B. Output 15. In the above long-run average total cost curve the: A) movement from A to B…

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

Q: LR-ATC Q2 Q3 Q4 Output In the above figure, between Q3 and Q4 units, the firm experiences O a.…

A: In a market, economies of scale refers to the economic concept to explain a situation when a firm…

Q: he figure to the right ustrates the longun verage cost curve for a company hat makes motors Suppose…

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

Q: Is a type of cost which does not vary with the unit of production and will remain constant…

A: Cost refers to the money involved in producing the goods and services by the producers. They include…

Q: C(x) = 60 + x² dollars. %3D (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this…

A: Cost function alludes to the functional connection among cost and result. It concentrates on the way…

Q: If average cost is $30 and the total cost is $900 What output must the firm have produced

A: Total Cost(TC) is the total amount incurred by the firm in production of given quantity. Average…

Q: In Exhibit 7-15, diseconomies of scale are shown in the range of O a. 500 to 1,000 units per week.…

A: Diseconomies of scale surface when a firm or company increases so extensively that the costs per…

Q: According to Accountants cost of production consist of both explicit and implicit cost ---- a) Yes.…

A: According to Accountants cost of production consist of both explicit and implicit cost. This…

Q: A firm's short-run cost function is C(a) = 240q – 69° + 0.6q° + 600. Determine fixed cost, F;…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: he cost a company incurs each month when it produces q pairs of shoes. Graph the average cost and…

A: AC(average cost) is the ratio of TC(total cost) and q(quantity). MC(marginal cost) is the derivative…

Q: Total Cost Output 1,000 2,000 2,800 3,500 4. 4,000 4,500 6. 5,200 6,000 8. 7,000 Refer to Table 5.1.…

A: We have to find average total cost.

Q: The difference between variable cost and fixed cost is that Select one: a fixed cost is paid even…

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

Q: When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Total cost TC = 1500  Fixed cost FC = 900  Varibale cost = Total cost - fixed cost

Q: The lawn ranger , a landscaping company , has total costs of $5,000 and total fixed cost of $3000…

A: Given information: Total costs = $5000 Total fixed cost = $3000 TC = TFC+TVC 5000 =…

Q: When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs…

A: Total cost TC = 1500 Fixed cost FC = 900 Quantity Q = 100

Q: (a) Explain clearly the difference between accounting cost and economic cost. (b) Explain whether…

A: Running a company necessitates a constant awareness of the financial factors that influence net…

Q: 8. If average variablecost is $74 and total fixed cost is $100 at 5 units of output, thenaverage…

A: here we can calculate average total cost as follow

Q: Aesd ts emoveag There can be at least one input for production which can be considered as fixed in…

A: Short run refers to the period of time in which certain factors of production are fixed while others…

Q: Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A: Answer to the question is as follows :

Q: QUESTION 3 Big Boss Company produces 16 units of output at a total cost of $2,142. If the fixed…

A: Answer : Here first find total variable cost Total variable cost = Total cost - Total fixed cost =…

Q: Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of…

A: Total Cost is the cost which faced by producer in producing goods and services , it includes…

Q: 2. As an employee of the Rays-R-Us Corporation (a solar panel company), you have been asked to…

A: a.Total cost and long run average cost for quantity 1:Total cost and long run average cost for…

Q: A firm is producing 20 units with an averagetotal cost of $25 and a marginal cost of $15. Ifit…

A: Costs are the expenses that firms incur in the production of goods and services.

Q: "Spreading overhead" refers to O A decrease in the average fixed cost as output rises O An increase…

A: Spreading overhead refers to using an allocation method to distribute the indirect overhead costs…

Q: Tong ruh, keep outpu Iikely do Shift to operate on ATC2 Shift to operate on ATC3 Shut down Stay on…

A: The above given cases are analyzed as follows:

Q: SRATC or small plant SRATC tor medium plant SRATC for arge plant LRATC S500 Diseconomies of Scale…

A: Costs in the long run are determined by the firm's level of output, factor costs, and the quantities…

Q: Economies of Scale Constant Returns to Scale Diseconomies of Scale han 400 bikes per month en 300…

A: Economies of scale occurs when there are certain cost effective advantages are accuring to a firm…

Q: Quantity of Output Fixed Cost Variable Total Cost Cost $23 $33 2 S38 $60 4 $54 5 S80 S88 $113 $155…

A: A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or…

Q: The difference between variable cost and fixed cost is that Select one: a. fixed cost is paid even…

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

Q: Horace Corporation, located in Hamilton, produces steel. When it produces 40 units of steel output,…

A: here we have different type of cost , so calculate and choose the correct option which are as…

Q: The change in fotal costjof proaucCuọn as the output or total product of the business is expanded…

A: Production cost refers to the overall cost of manufacturing a given amount of a good or selling…

Q: Question: The costs which vary as the level of putput varies are called: ) Prime costs ) Indirect…

A: Cost basically refers to the monetary value of goods or services that the consumers buy and the…

Q: A firm has this cost function: C= 1000-4Q+5Q2. The firm is currently producing 3 units of its…

A: Given cost function: C = 1000 - 4Q + 5Q2 and the firm is currently producing 3 units of its product.