a producer faces a fixed cost Rs 50 and a variable cost of RS 5 per unit of output when he produces less than 200 units of outputs  . assuming that total cost functions is linear determine the equation of the total cost of functions

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A: Given: q = AB + B2 Where A is = Labor input B, is = Capital input To Find: The expression for the…

Q: Suppose the total cost function of a firm is given as: TC = 720 - 45Q + 20². Determine the average…

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Q: If Cf = 25000 is a fixed cost function, show that the average fixed cost function Cf = Cf / q is…

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Q: machines (K). The quantity of products produced in a month is given by the function Q = 3KL. Each…

A: Q = 3KL Fixed Cost = 15,000 Variable Cost = 5000

Q: Consider the following cost minimization problem: Minimization CT = wL + rK Hold it: q= L1/2 K1/2…

A: Given: TC=wL+rK q=L1/2K1/2 Hence, in the long run cost minimization problem, MPLMPK=wr

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A: Here the incorrect is “from 250 units of output through 430 units marginal product is rising so the…

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A: Average Variable cost refers to the variable cost per unit. It can be calculated as follows: In…

Q: Suppose the cost function is C(Q) = 50 + Q − 10Q2 + 2Q3. At 10 units of output, the average cost…

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Q: A cost function is given. C(q) = 3800 + 7q – 0.03q² + 0.0003q³ (a) Find the average cost and…

A: Disclaimer :- as you posted multipart questions we are supposed to solve only the first 3 questions…

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

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Q: A firm has the following production function: q = KL, where q is output, K is capital and L is…

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Q: For the total cost function TC (q) = q³ – 30q² + 800q, find the minimum marginal and average cost.…

A: Average Cost(AC)=TCq=q3-30q2+800qqAC=q2-30q+800Marginal Cost=dTCdqMC=3q2-60q+800

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

A: Answer: Given: Average cost function; Aq=125q+q216-4where q is the output Calculation: (4) The…

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A: Total Costs  = Variable costs + Fixed costs AC = AFC + AVC

Q: production function

A: The firm produces at MRTS=w/r   MRTS=MPL/MPK =100K/100L =K/L

Q: Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero.…

A: So  FC=$6 VC=7×$10       =$70

Q: When there are fixed costs and a constant marginal cost a. The average fixed cost function is…

A: The fixed cost does not change with change in the output level. The variable cost changes with…

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A: 1. We know, Average cost = AC(x) = C(x)/x  Marginal cost MC(x) = C’(x) At the critical points of…

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A: The linear production shows inputs are perfect substitutes, meaning only one of them is used.

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A: Step1. There was some technical problem while uploading the question. that is why I am writing the…

Q: What is the relation between fixed costs and total costs?   Question 5 options:   Two of the other…

A: Fixed cost is a component of total cost and is defined as the cost of production that does not…

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A: Short-run production: Under the short-run production, there are both factor inputs i.e. Fixed and…

Q: Consider

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Q: The cost function of a firm is given as C1 = 400 + 200 + 4Q" using this cost function what is the…

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Q: Which of the following best describes the isoquants of the production function: q=0.5L+0.3K a.…

A: OPTION B - Linear and Downward Sloping q=0.5L+0.3K  Here, labor and capital are perfect substitutes.

Q: Let a two-output cost function be given by: C(y1, y2) = y1+Y2+Y1Y2 – (y142)² + yž. Assume that y1 >…

A:

Q: Consider a firm that enjoys economies of scale. • If this firm wants to produce 25% more output, it…

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Q: A firm's total cost function is C=24x2−xy+8y2C=24x2−xy+8y2 and they are required to produce a…

A: The total cost function of a firm, C=24x2-xy+8y2 The firm wants to find the total cost of a…

Q: Assume there is a linear isoquant where the input combination  K = 10, L = 0 produces Q = 100.…

A: We have Linear Isoquant, a*L+ b*K = QWhen L=0 and K = 10, Q = 100a(0) + b(10) = 100b = 10;Therefore,…

Q: Assume there is a linear isoquant where the input combination  K = 10, L = 0 produces Q = 100.…

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Q: For Questions 24 to 28, consider the following total cost function: TC = 75 + 3q² where TC is total…

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Q: Consider the following cost function. a. Find the average cost and marginal cost functions. C(x) =…

A: The provided cost function is: Cx=1700+0.4x

Q: If a firm’s total cost function is given by the formula: TC = 400,000 + 4Q, where the fixed costs…

A: Here, given information is: Total cost function: TC = 400,000 + 4Q Fixed cost on plant and…

Q: Consider the following total cost function: where represents output and are constants. What can we…

A: Answer: (b) The firm experiences falling average fixed costs, but rising average variable costs.

Q: If the marginal cost function for x units of a product is MC = 3 + 4 In(x + 1) dollars per unit, and…

A: We will use total cost function to solve this question: Total Cost = Fixed Cost +Variable Cost

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A: The marginal product of labor is 10 =>MPL=10 ------- The marginal product of capital is 20…

Q: . For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following…

A: Average Fixed Cost = Total Fixed Cost/Output Total fixed cost = 100 AFC = 100/Q