A firm is asked to find the company's Break-Even and Shut-Down points. Fixed Costs remains at $1,000.00O. Graph the M ATC, AFC, and AVC on one graph. Find and label both the Break-Even and Shut-Down points? TC VC FC АТС AVC AFC MC 1000 110 3100 200 4000 280 5850
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- Required information Skip to question An image shows the curves of MC, ATC, and AVC.Image shows the bar graph which represents the cost data but in their the curves are also shown in the terms of MC, ATC , AVC. At x-axis shows the Quantity and at y-axis shows the Costs. Refer to the graph above to answer this question. At what output does excess capacity exists? Multiple Choice 180. 200. Any output above 180. Any output below 180.Required information Refer to the graph above to answer this question. At what output does excess capacity exists?Required information Skip to question An image shows the curves of MC, ATC, and AVC.Image shows the bar graph which represents the cost data but in their the curves are also shown in the terms of MC, ATC , AVC. At x-axis shows the Quantity and at y-axis shows the Costs. Refer to the graph above to answer this question. At what output does excess capacity exists? Multiple Choice 180. 200. Any output above 180. Any output below 180.Required information Refer to the graph above to answer this question. At what output does excess capacity exists? GIve me correct answer with calculation adn full explanation oterwise i give multiple downvoteA firm’s total fixed cost is $360,000. Construct a table of its total and average fixed costs for output levels varying from zero to 6 units. Draw the corresponding TFC and AFC curves. With the following data, calculate the firm’s AVC and MVC and draw the graphs for TVC, AVC, and MVC. Why is MVC the same as MC? Total Quantity Variable Costs 1 $40,000 2 80,000 3 120,000 4 176,000 5 240,000 6 360,000 From the data in Test Yourself Questions 1 and 2, calculate TC and AC for each of the output levels from 1 to 6 units and draw the two graphs.
- A division of a company produces income tax apps for smartphones. Each income tax app sells for $7. The monthly fixed costs incurred by the division are $20,000, and the variable cost of producing each income tax app is $2. (a) Find the break-even point for the division. (x, y) = (b) What should be the level of sales in order for the division to realize a 15% profit over the cost of making the income tax apps? (Round your answer up to the nearest whole number.)income tax appsA firm’s total fixed cost is $360,000. Construct a table of its total and average fixed costs for output levels varying from zero to 6 units. Draw the corresponding TFC and AFC curves.A firm has the following total revenue and total cost schedules: TR = $3Q. TC = $4,000 + $1.7Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar. $ As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,500 + $0.5Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar. $
- Find Average fixed cost with the following information:- Total fixed cost = $350 Output produced = $70An Electronic Company produces calculators. The fixed cost of producing calculators is 450,000. The variable cost of producing a calculator is 100. The company sells the calculators for 250. Given an annual volume of 50,000 calculators. Determine the units to produce to cover-up the fixed cost. Determine the profit at 50,000 volume of production. Determine the amount of sales to be generated in order for the firm not to incur any profit nor loss. If price increases to 400 all costs are the same, what is the new break-even units?eBook Problem 19-03 A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $5,500 + $1.3Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar. $ As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,500 + $0.8Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar. $
- PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and market demand for its product as Qd = 105 – (1/2) P, where Q is quantity in units and P is price in Pak$. (i) Write the equations of the firm’s costs, as a function of Q (ii) Average Total Cost ATC (iii) Average Variable Cost AVC (iv) Average Fixed Cost AFC a. Given above costs can you determine what will be the firm’s production in Stage 1? What is the breakeven price and breakeven quantity for this firm? b. What is the shutdown price and quantity for this firm? c. Draw the firm’s costs in a graph as per your determination in (a). Label the breakeven and shutdown price and quantity using information in (b) and (c) above. d. Given the market price of Pak$ 50 (i) how many units should the firm produce? (ii) how many firms are competing in this market in short-run? (iii) How many firms will be in the industry in the long-run? e. How do you interpret the profit or loss condition of PakPerfect?…Compute the shut down costs Determine the shutdown point. (Shut down point = (Total fixed costs – shutdown costs)/CMU) Determine the net loss if the operations in continued.If a firm faces the Marginal Cost schedule MC = 180 + 0.3Q2 and the MR schedule is MR = 540 = 0.6Q2 and that Total Fixed costs are 65. What is the maximum profit it can make? Assume that the second-order condition for maximum is met