A firm producing the goods by using machinery costing $100 and additional cost of producing additional units of goods is 2. Find the total cost of producing 5 units of goods.

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: If marginal cost for 7th unit is given by the function:- 4Q2 - 3Q + 20 Calculate the marginal cost…

A: The marginal cost function is given as:- 4Q² - 3Q + 20 Also the number of unit produced Is 7 units…

Q: QUESTION 23 A wheat farmer has a production function of q = KL = K0.5L0.5 with marginal products MPL…

A: Answer: Given, Production function: q=KL=K0.5L0.5 Marginal products:MPL=0.5KLMPK=0.5LK Since the q…

Q: The firm producing 7 units  iPhone in a hour and cost of producing it at $250 What is firm total…

A: Given values: Number of iPhones (Q) = 7 units Cost of producing one iPhone = $250

Q: Use the table to answer the question below: Quantity          Total Cost  0…

A: Marginal cost is the additional cost incurred when the additional unit of output is produced.

Q: (Table) Based on the table, Output is the marginal cost when moving from forty to forty-eight units.…

A: TFC=$500 TC=TVC+TFC MC=Change in total costChange in output

Q: The cost function of producing Q units of good s.t: C(Q) = 4Q² + 16Q + 40 Write down the average…

A: The average cost is the total cost divided by the total quantity C(Q)=4Q^2+16Q+40 AC(Q)=C(Q)/Q…

Q: The following equation represents the cost structure of a firm: C= 20 + 4q. The marginal cost of…

A: Answer: Given, Cost function: C=20+4q Marginal cost: it refers to the addition to the total cost…

Q: Tom, the only steel drum manufacturer in Narnia, can sell a single drum for $30. However, for every…

A: Here we calculate the output , price and Profit or loss by using the given information ,and fill the…

Q: QUESTIONS 01. The total fixed cost of a firm is 12. Given below is its marginal cost schedule.…

A:

Q: Explain the variable costs in the cost function.    2. Discuss how firms choose how much output to…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: FarFlung make computer keyboards. They use both labour, L, and materials, M, in their production of…

A: Q = LM Q = 160,000 MPL = dQ/dL = M MPM = dQ/dM = L

Q: 1. Marginal cost is given by MC = 25 + 30Q – 9Q². Fixed cost is 55. Find the (a) total cost, (b)…

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

Q: The marginal cost of producing the xth box of light bulbs is 4+ dollars per box. Determine how much…

A: The total cost of production refers to the monetary value of all the final inputs used in the…

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

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

Q: A business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent…

A: In the short run, a firm will have two types of cost: fixed cost and variable cost.A).Total variable…

Q: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The…

A: marginal cost measures the additional cost incurred in order to produce an additional unit of…

Q: X and Y are factors of production. X's marginal product is 30 and Y's marginal product is 20. X=5…

A: Total cost is minimized when (MPx / Px) = (MPy / Py) Here, MPx / Px = 30/5 = 6 MPy / Py = 20 / 4 = 5…

Q: The production cost for a firm is given in the table below, calculate the marginal cost of producing…

A: Marginal cost is the additional cost of producing each additional unit of output.  Marginal cost =…

Q: Consider a small photography studio with 6 workers and 3 The total cost of labor and capital is…

A: In economics, the cost of production is defined as the expenditures incurred to obtain the factors…

Q: The cost of producing 5-gallon water bottles is given by: C(q) = 0.005q + 2q + 1000. If 2000…

A: Given: C(q) = 0.005q + 2q + 1000. Quantity (q) = 2000 units

Q: A firm's long run cost is the cost of production when the firm Select one calculates its cost at…

A: In the long run, all the factors of production are variable, that is, the firm can even alter the…

Q: a small photography studio with 7 workers and 4 The total cost of labor and capital is $3,400. In…

A:

Q: Given below is the short run total cost function: (2+1=3) TC = 50 + 100Q-4Q2 + 2Q3 Calculate TFC,…

A: Total cost is the sum total of cost including the variable and fixed cost, average cost is the, cost…

Q: fisherman has a fixed cost of Rs.10 (his rod). The variable cost of his time is Rs.5 per hour. Graph…

A: total cost = total fixed cost + total variable cost

Q: Calculate marginal cost if change in total cost is $630 and the change in output is $17

A: The given information is as follows:- Change in total cost = $630  Change In output = 17 units  We…

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: A firm producing the goods by using machinery costing $100 and additional cost of producing…

A: Given fixed costs = $100 Given variable costs = $2

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: Consider a small photography studio with 8 workers and 5 The total cost of labor and capital is…

A:

Q: A firm has the following cost curves:   Q MC VC FC TC AVC ATC 0 --- 0 30 30 --- --- 112 2 22 26…

A: Fixed cost is the cost that remains same at all levels of output. Variable cost is the cost that…

Q: A firm has an average cost function A(q)=125/q + q2/16 -4 where q is the firm′s output. (iv) Write…

A: Average cost = Total cost / Q

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

A: The firms total costs are equal to the sum of its variable costs and fixed costs. Fixed costs are…

Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…

A: It is given that -  C(q) = 0.005q2 + 2q + 1000 and it is given that q = 2000 units.

Q: From the information given in the table, calculate the marginal cost of the 3rd unit of output.…

A: Marginal cost measures the change in total cost due to change in output produced.  Marginal cost =…

Q: The marginal cost of a company is MC = 100 – 20x + x² %3D 2006 and the fixed cost is 3

A: Total cost is the expenditure incurred by the producer in production of all units of goods or…

Q: In the short run, a tool manufacturer has a fixed amount of capital. Labor is a variable input. The…

A: We have to calculate The equilibrium wage rate and equilibrium level of labour use.

Q: 1.Examples of diseconomies of scale in a firm 2.Examples of benefit of a firm from diseconomies of…

A: Diseconomies of scale is a long run concept which explains the loss to the firm due to an increase…

Q: Find the attached file.

A: Long run cost is the cost where there are no fixed factors of production. In short run, some factors…

Q: The marginal cost of a company is MC = 100 – 20x + x2, - 2006 and the fixed cost is 3 ne quantity…

A: Marginal cost is the cost of generating an additional unit of output.

Q: Mariam has a small bakery. She spends 200KD a month to rent a building for his company, 600KD a…

A: Mariam is using  both fixed and varaiable inputs. Where labor is the only available input for her.

Q: A firm has an average cost function A(q) =125 +q^2 - 4             q        16 where q is the firm′s…

A: Answer to the question is as follows :

Q: Total cost of the firm rely fully on the total fixed cost of the firm. True/False

A: Costs are the expenses that a firm incurs in the production of the goods and services. It is…

Q: At Emory's Pens and Pencils when they produce 50 pens their total cost is $80. Emory's marginal cost…

A: Average Total Cost (ATC) can be calculated by dividing the Total Cost (TC) by Quantity (Q).

Q: The ATC of a Firm is 25 when its output level is 21. The marginal cost producing the next unit is…

A: Marginal cost refers to the additional cost that incurred due to increasing one more unit of output.

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: Suppose a publisher faces the following costs of producing 10,000 newspapers each month: $5,500 cost…

A: In business, a variable cost is an expense that changes the amount of output or sales a company…

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…