At an output of 20,000 units per year, a firm's variable costs are $80,000 and its average fixed costs are $3.  The total costs per year for the firm are:                $80,000.        $100,000.        $140,000.        $240,000.

Q: Question 22.22.   The following cost data are for a firm in the short run:  Output  Total Cost 0…

A: The average variable cost (AVC) is the total variable costs per unit of output. Thus, AVC=TVCQ Where…

Q: Which firms have diseconomies of scale over the entire range of output?  a. Firm 1 b. Firm 2 c.…

A: In the long run, as the inputs are of variable nature, a firm’s expansion activities can either…

Q: The following cost data are for a firm in the short run: Output  Total Cost 0 $400 1 500 2 550 3 600…

A: The costs and the revenue analysis of the firm is quite important because from it the firm gets to…

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

A:

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: 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: What is the price?  to make it breakeven

A: Average cost is total cost divided by total production while marginal cost is the change in total…

Q: A local coffee shop has the following production function of cups of coffee, ? = ?3/4?1/2. The firm…

A: The answer to the question is as follows :

Q: Suppose an artist produces 6 paintings. If fixed costs are $200 and variable costs are $100, then…

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Q: An economist estimates the cost function for Redwood Hill Farm, LLC as shown below. Redwood Hill…

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Q: Find Average fixed cost with the following information:- Total fixed cost = $350 Output produced =…

A: The data presented in the question above is:- Total fixed cost = $350   Output produced = $70 The…

Q: Assume that in the short run a firm is producing 1,000 units of output, has average total costs of…

A: Solving with the help of formula

Q: A manufacturing plant has a short-run cost function of C(q) = 100q - 4q2 + 0.2q3 + 450. (a) What is…

A: here we calculate the following costs by using the given functions , so the calculation of the…

Q: Suppose each firm of the industry has a short-run total cost curve of TC = 5+4q+q², where q is…

A: Total cost of production refers to the total monetary value incurred on fixed as well as variable…

Q: Quantity Total Fixed Cost 0. 60 60 60 115 4 60 130 6. 60 160 8. 60 200 10 60 250 Using the above…

A: Fixed costs (FC) are costs incurred during production that are not dependent on the quantity of the…

Q: Exercises 47-50 describe a number of business ventures. For each exercise, a. Write the cost…

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Q: Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per…

A: Total cost per unit if production is 100 units per week = $70 Total cost of 100 units per week =…

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

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Q: A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $5,500 + $1.3Q.…

A: Given:- TR=$2Q TC=$5500+$1.3Q To calculate:- Break even output level and profit at 8600 unit sale=?…

Q: Directions: For each of the following problems you should use EXCEL to calculate the various…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

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Q: 1. The firm's fixed costs are $2,000, and the firm's total costs of producing 100 units is $4,000.…

A: Total cost is the sum total of fixed cost and variable cost.

Q: Assume that in the short run a firm is producing 500 units of output, has average total costs of…

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: A firm has short-run total costs given by SRTC(Q)=Q²-4Q<+6Q and all of the fixed cost is non-sunk.…

A: The firm will earn profits when the revenue exceed costs. The equilibrium condition of the firm is…

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

A:

Q: With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50.…

A: Given:  Total Fixed Cost = 400. Average Total Cost = $3 Average Variable Cost = $2.50

Q: The costs and sales prices per unit for three products are given below; Basic Medium Luxury Sales…

A: The costs and sales prices per unit for three products are given in the Table. The profit could be…

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…

Q: A firm with positive fixed costs encounters CRS and then DRS as it expands production. Show the…

A: Constant return to scale where MP is a horizontal line and In Diminishing returns to scale MP is…

Q: Suppose a particular firm exhibits constant returns to scale as it increases its output over any…

A: Returns to scale refers to proportional change in total cost in response to proportional change in…

Q: Solve correctly all the subparts Q)A firm has the following total revenue and total cost schedules:…

A: Profit is the difference between total revenue and total cost.

Q: List several Fixed and Variable costs, Explicit and Implicit costs associated with owning and…

A: Fixed costs are those costs that a firm has to incur even if it produces no output. Variable costs…

Q: The publisher of a new book figures fixed costs at $92,000 and variable costs at $2.10 for each book…

A: At the breakeven level of production, the firm will be exactly covering its total cost with the…

Q: It costs a firm C(q) to produce q units of output. If C(q) = q° – q² what kind of returns to scale…

A: Given  Cost function  C(q)=q3-q2  To know the return to scale of of production technology, we need…

Q: If the accounting profit in an economy is $42 billion and the implicit cost is $29 billion find the…

A:

Q: Q45 When a factory is operating at the level of output where its short-run average total cost is at…

A: Short-run average expense (SRATC/SRAC) approaches average fixed expenses in addition to average…

Q: You are the owner of a small company that makes laptops at the price of $550. Your variable cost of…

A: The number of laptops can be found by equating price and the cost of producing laptops. We will find…

Q: total output

A: An increasing-cost industry tends to occur because the entry of new firms as being prompted by an…

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

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

Q: Consider the following cost information for Yasir’s tea stall.       (Cups of tea per hour)…

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A:

Q: A small company holds the total fixed cost of TL 45 and short-run average variable costs as given in…

A:

Q: Suppose a firm has a short-run cost function: C(9) = 1000 + 200g Question 3. 5q + 0.5g. What are the…

A: Variable costs are any expenses that change based on how much a company produces and sells. This…

Q: How do you solve this and can you show me step by step?

A: The cost function of two plants can be expressed as follows.

Q: Al Mardoof Company paid different types of costs for different output levels as shown in the given…

A: From the graph, we can see that the variable cost is depicted by the Green line. The cost is on the…

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A: The total cost can be divided into two parts: total fixed cost and total variable cost. Total fixed…

Q: Question 22.22  The following cost data are for a firm in the short run:  Output  Total Cost 0 $400…

A: Average variable cost is the total variable cost per unit of output produce by a producer or firm.…

Q: Marginal cost _1. The additional cost from an additional unit of output produced. Production…

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