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: Engle sells chess sandwiches. The cost of ingredients (bread, meat, spices, etc.) to make a sandwich…
A: Total cost is the sum of total fixed cost and total variable cost. Average cost is given as the…
Q: The total cost functionbof a firm is define by TC=35+5Q-2Q+2Q,fine the marginal cost of the firm…
A: Given Total cost function TC =35+5Q-2Q+2Q We have to find the marginal cost at Q= 3 and 5
Q: 10.knowing that the total cost function is: TC = 200 + 3Q, Calculate the average fixed cost when…
A: A firm must choose an optimal combination of inputs so as to maximize profits and minimize its…
Q: Given the information that follows: Salefixed s = 750,000; explicit costs = 450,000; return you…
A: The profit is the difference between the revenue and the cost. There are different type of profit…
Q: Liza owns a small bakery company catering for gourmet cakes and pastries. Her fixed cost is the cost…
A: Total cost is the summation of fixed cost and Variable cost . TC = FC +VC
Q: Chuck owns a factory that produces leather footballs. His total fixed cost equaled $86,000 last…
A: Total cost is defined as the sum of all the expenses being faced by the producer in order to produce…
Q: ATC ATC2 ATC3 ATCA 2 4 10 Quantity (thousands of copies per day) A copy shop is choosing between…
A: In a market, when a firm produces an output and tries to generate at a level with the lowest average…
Q: Total Total Cost Output 1,000 2,000 2,800 3. 3,500 4 4,000 5. 4,500 5,200 7 6,000 8 7,000 Refer to…
A: MC= (TCn -TCn-1)/Qn-Qn-1AC = TC/Q.
Q: 41. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?…
A: Average fixed cost = total fixed cost /quantity of units produced So, Total fixed cost =20*6…
Q: 2 Let C(x)= x2 +4x+1 dollars be the cost function, where the x represents the quantity. The estimate…
A: Marginal cost is the additional cost of producing an additional unit.
Q: Consider the table below to answer the question that follows: Q TFC TVC TC AFC AVC ATC MC 0 500 0…
A: When the amount of an output increases by one unit, the cost rises by a certain amount, known as the…
Q: 12. If average fixed cost is 40'and average variable cost is 80/for a given output, we then know…
A: Average total cost refers to the cost per unit. In other words, the average total cost is the sum of…
Q: K L Q 10 10 1 15 10 2 30 10 50 10 4 60 10 65 10 68 If the cost of labor is $20 per L and the cost of…
A: The firms, and businesses are the entities who are involved in the production of goods, and services…
Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…
A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…
Q: If the average variable cost of producing 4 jeans at Jerry's factory is $60, and the fixed cost of…
A: Total cost = Fixed cost + variable cost Variable cost = Average variable cost * quantity
Q: Give the formulas for and plot AFC, MC, AVC adn AC if the cost function is C=10 + 10q -4q2-q3.…
A: We are going to identify average cost, marginal cost to solve this question.
Q: Refer to Table Cost.EX2. When production is 3 units, the firm's average total cost is about O No…
A: Total cost is the sum of total fixed costs and total variable costs. Average total costs is total…
Q: Assume that the operation has the cost function C(O) = 200 - 30 - 80- 40 and the marginal cost…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
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: Consider the following table Output Total Cost 105 1 125 140 180 4 240 320 The fixed cost is given…
A: The cost that is in turn being incurred irrespective of the level of output is known as a fixed…
Q: Consider the following cost function: C(Q) = 1000+0.1Q I| Calculate total costs when Q=100 O 1,001…
A: Total cost function shows the relationship between cost and output produced. To determine cost at a…
Q: Total Total Cost Output 1,000 1 2,000 2,800 3,500 4 4,000 4,500 5,200 6,000 8 7,000 Refer to Table…
A: Marginal cost is the change in total cost due to change in output. Average total cost is the total…
Q: $20 $18 MC ATC $16 $14 $12 $10 $8 $6 $4 $2 $0 20 40 60 80 100 120 Output (Q) In the graph above, the…
A: MC refers to change in total cost with respect to change in output. AC refers to total cost per unit…
Q: The cost function of a firm is given by C (x) = 2x² + 3x + 5. Then the average cost producing 5…
A: The total cost of production: It is the function of output. As the output increases the total cost…
Q: Intelligent Inc. specializes in the manufacture ofcomponents for personal computers. Managementhas…
A:
Q: The following question is referred to the following table Q28: Table Q28: Output, Fixed and Variable…
A: (By and large) fewer information costs. Outside economies of scale can likewise be acknowledged by…
Q: 8. A businessman is thinking of opening a factory in one of these places in Ethiopia: Bahir Dar, or…
A: Represent the table showing the fixed cost and variable cost as follows:
Q: Given the total cost function TC - 2,000 + 2*Q. when output is 1,000 units average total costs are.…
A: The formulas for cost are: 1. Total Cost = Fixed Cost + Variable Cost 2. Average Total Cost = Total…
Q: A firm's short-run cost function is C(q) = 10q - 12q² + O.5q³ + 400 %3D
A: GIVEN C(q) = 10q-12q^2+0.5q^3+400
Q: g. Now suppose that firm is faced with the same problem as in (e and f) except that firm has a fixed…
A: Given: Production function: Q=K1/2L1/2 Price of K (R)=$8 Price of L (W)=$2
Q: When Yennefer produces 18 spells her average total cost is $35.69 and her fixed cost is $180. What…
A: Total cost = Fixed cost + Variable cost Total cost = Average total cost * quantity
Q: 8. Ahmed's Pizza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of…
A: Answer - Given in the question - Price of extra-large deluxe pizzas - OMR 9.00 Cost of ingredients…
Q: 9. At an output level of50 units per day a firm has average total costs of $60 and averagevariable…
A: here we can find the total fixed cost as follow
Q: In the figure, the intersection of curves A and B is the point at which 20 16 20 40 60 80 Quantily…
A:
Q: What is the critical point of the total cost function TC =-Q³ - 6Q2 -640Q ? %3D O A.Q = 10 О В. Q —…
A: The total cost function is given as follows: TC = 13Q3 - 6Q2 - 640Q Where, TC is total cost. Q is…
Q: Assume that the operation has the cost function Cia) = 200 - 30 - 80 40 and the marginal cost…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: When Yennefer produces 41 spells her average total cost is $47.08 and her fixed cost is $306. What…
A: Total cost = Fixed cost + Variable cost Total cost = Average total cost * output
Q: A firm's total short-run cost function is C(y) = 12y3 - 8y2 +30y+ 12. What is the average variable…
A: please find the answer below.
Q: Output Quantity Total Fixed Total Variable Cost Cost $100 $ 0 1 100 50 100 84 3 100 108 4 100 127 15…
A: Fixed cost is independent of output produced. Whereas variable cost varies with the level of output…
Q: 9. What is the Average Total Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 g) 120 Oh) 160
A: Introduction Total cost is the function of output. Total cost is the addition of total fixed cost…
Q: Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000…
A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…
Q: 33 The average fixed cost curve is labeled: O L. b. II. C. II. d. IV
A: The total fixed cost (TFC) curve is horizontal, as TFC is constant and does not change with the…
Q: If the average fixed cost of seven tubs of ice cream is $50, the total cost of zero tubs is: Oa.…
A: Average fixed cost refers to the cost that remains same through out the level of outputs that is it…
Q: If short run total costs are 2q2 + 50q + 50, and output is 15, average variable costs will be a. 80…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost does not depend on q whereas…
Q: Output TC ($) 200 250 15 300 20 350 23 400 25 450 Refer to the information above to answer this…
A: We know that Total cost is equal to Fixed cost and variable cost . Total cost = Fixed cost +variable…
Q: 1. You are hired as a business consultant of a firm that manufactures radios and sells them for Php…
A: Since you have posted multiple questions, we will solve the first one for you. If you want any…
Q: Workers Total Product Total Cost (per day) (units per day) ($) 100 1 10 120 2 18 140 3 24 160 4 29…
A: Fixed costs are costs that do not change when sales or production volumes increase or decrease. This…
Q: When Simone produces 33 balls, her average total cost is $45.95 and her fixed cost is $211. What are…
A: Total cost = Fixed cost + Variable cost Total cost = average total cost * q
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- Q.(i) . Selling Price :Rs. 12 Per UnitVariable Cost : 2/3 of SPFixed Cost :Rs. 40,000You are required to calculate:(a) Sales to earn profit of Rs. 8000.(b) Also show the BEPs in Breakeven chart. Q.(ii). Use the following information and explain that how the reduction in selling pricewould affect the MOS?Particulars Rs.Selling price per unit 40Material per unit 12Labour per unit. 8Variable Overheads per unit 4Total Fixed cost is Rs. 8, 000. Full capacity of the Plant is 5, 000 units.Reduced selling price is Rs. 32 per unit.The National Bank of Union City currently has one outsidedrive-up teller. It takes the teller an average of three minutes (exponentially distributed) to serve a bank customer.Customers arrive at the drive-up window at the rate of12 per hour (Poisson distributed). The bank operations officer is currently analyzing the possibility of adding a second drive-up window at an annual cost of $20,000. It isassumed that arriving cars would be equally divided between both windows. The operations officer estimates thateach minute’s reduction in customer waiting time wouldincrease the bank’s revenue by $2000 annually. Should thesecond drive-up window be installed? What other factorsshould be considered in the decision besides cost?Engle sells Lebanese sandwiches. The cost of ingredients (bread, meat, spices, etc.) to make a sandwich is US$2. Engle pays her employees US$60 per day. She also incurs a fixed cost of US$120 per day. What is Engle's total cost per day when she does not produce any sandwiches and does not hire any workers? $120 $2 $0 $60
- Why is the calculation of the total cost is wrong. The below is the right numbers but it is different from the solution given and if it comes down to this, will it be 2 or 3 security guards to employ to minimize the loss? 50*25 = 1250 30*25 = 750 20*25 = 500 14*25 = 350 Please provide clarification and provide the correct solutiobYour firm has discovered a cheap and efficient technology of turning used plastic bottles and bags into various products. You limit your attention to the following two production options: you can produce plastic utensils or helmets. In the "utensils" case your estimat ann revenue $25,000, while production will cost you $8,000. However, in your "helmets" option, you expect to sell 2000 helmets every year at $10 each and the average total cost of every helmet will be $3. What is your accounting ?profit if you decided to produce helmetsSuppose you sell items on a web site like Etsy and making them requires you to rent some equipment costing $1000 per year as a fixed cost. The materials for making these items cost $30 per item as a variable cost, and you sell them for a price of $50 each. What number of items D' must you make and sell each year for you to breakeven on the cost of this activity? You may be able to raise your sales price and then sell fewer items to maximize profit. Since other people make and sell similar items, a higher price lowers the demand for your product according to the price function p = $120 - 1.5 D. What is the profit maximizing number of items D* that you would need to make and sell to maximize profit? What is the profit earned for the annual number of items made and sold in part b?
- If accounting profit is $400000 greater than economic profit, what do implicit costs equal?Give the formulas for cost and plot AFC, MC, AVC, and AC if the cost function isa C = 10+10q (MC = 10)b C = 10 + q2 (MC=2q).c C = 10 + 10q - 4q2 + q3 (MC = 10 - 8q + 3q2).The lawn ranger , a landscaping company , has total costs of $15,000 and total fixed cost of $13000 .The lawn ranger's toal variables cost are a. indeterminate because the firm's output level is not known.b. $3,000.c. $5,000.d. $2,000.
- Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost P8.00, annual demand of 40000, and ordering cost of P48. *Calbee spent $100 to make 10 face shields. Calculate the average fixed cost of each face shield if the total variable cost incurred was $50. Question 16 options: 1) $0.5 2) $5 3) $10 4) $50Find the Total Cost function as a function of q, c, d. A. w and r; and graph it in relationship to q in excel The idea is to solve the following input minimization problem ina general manner: minTC(K, L ) = wL+ rKs. t. q = AK^CL^d Make sure to set - up your spreadsheet by identifying the optimization problem, the endogenous variables, the exogenous variables and the constraint. Make sure also to show a cell that computes TRS and another that computes -w/r.
