Construct the cost schedule

Q: The total cost of production equals Select one: a. average total cost + average variable cost b.…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Tolal Fbed Total Varlable Cost Tatal Total Cost Cost Variable Cost Flved Cost Product Cast 60 00 45…

A: FIXED cost is independent of output produced thus the required fixed cost is $ 60 whereas variable…

Q: An implicit cost is another name for a(n):     Explicit cost     Production cost     Economic…

A: Option D Implicit cost is a cost to a business that occurs due to the cost of resources that were…

Q: The difference between variable cost and fxed cost is that Select one: a. fixed cost is paid even…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Jim cannot work for a week due to illness. [ Select | [ Select ] explicit cost implicit cost Norman…

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…

Q: UESTION ONE   1.1 Discuss the relationship between the three short-run total cost curves. Use a…

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

Q: If output is 34 unit and total cost is $1300 Find average Cost

A: According to the question, the values given are:- Output = 34 units  Total cost = $1300  We need to…

Q: The first unit of a product took 1,000 hours to build and the learning curve is 85%. How long will…

A: To produce the first unit takes 1000 hoursTo produce second unit = TN=T1(Nb) T2=1000×(2log2 0.85)=…

Q: Economies of Scale

A: All the firms total cost meeps on increasing.

Q: Suppose that a small family farm sold its output for $100,000 in a given year. The family spent…

A: Given: Fuel=$25000 seed, fertilizer, and pesticides=$40000 Equipment=$25000 Other occupations=$20000

Q: 1. Economies and Diseconomies of scale 2. Graph of marginal cost, average cost and average total…

A: Hi! Thank you for the question but as per the guidelines, we only answer one question at a time.…

Q: A Closer Look in the Economies of Scale   Businesses wanted to reduce their cost to the minimum…

A: Companies benefit from economies of scale when their production gets more efficient. Economies of…

Q: Explain what a sunk cost is, what an opportunity cost is, and how each cost should be handled when…

A: Sunk cost refers to the cost or the expense that is already made and can be no longer recovered.…

Q: FIRM X SPENT $100m to upgrade its equipment last year. this year, the amount represents: a. An…

A: Taking definition of each statement An accounting cost : its cost of operating a business it…

Q: he cost a company incurs each month when it produces q pairs of shoes. Graph the average cost and…

A: AC(average cost) is the ratio of TC(total cost) and q(quantity). MC(marginal cost) is the derivative…

Q: What does the Cost basis generally include?

A: In engineering economics, the cost basis of an asset represents the total cost of an asset that…

Q: 4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $250 and the…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…

Q: Average cost is $30 and the total cost is $900 Calculate the output

A: Average cost is the per unit cost of producing an output.

Q: Total cost is $615 and output is 21 units  Calculate average total cost

A: The information given to us is as follows:- Total cost = $615  Total no of output = 21 units  We…

Q: What are their implications for cost and return?

A: The method of directing capital among savers to organizations that require it is known as finance.

Q: _________ refers to the additional cost spent to produce one more unit of the product. a. Marginal…

A: Money cost is the nominal cost and the cost that is spent by the firm in producing the commodity.…

Q: How to calculate the Average cost of producing 1, 2,...15

A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…

Q: Take three data sets of cost containing all types of cost tc, fc, tvc, fvc, vc, mc, avc, afc) and…

A: Given Information: Output (Q) TFC  TVC 0 12 0 1 12 10 2 12 16 3 12 21 4 12 28 5 12 40…

Q: 10. The number of Manpower required for a software project in terms of time to complete. Is called…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: y C= 600 + 40Q^0.3 + 5 Q^2: a) Find out the fixxed cost, variable cost, margina ost average variable…

A: Variable costs vary based on the amount of output produced. Variable costs may include labor,…

Q: Average cost is $100 and the output is 70 units Calculate total cost

A: The information given to us is as follows:- Average cost of the firm = $100 Output of firm = 70…

Q: Need answers ASAP... Which of these costs is considered as the most important cost because if it is…

A: The firm produces goods and services and incurs cost including fixed cost and the variable cost.The…

Q: Cost of Homework. These distinctions between economic and accounting costs apply also to the…

A: The economics as a study is associated with the use of decision making, and choice making, as the…

Q: Quantity Average Fixed cost Fixed Cost Total Total Average Variable Total Cost Average Total cost…

A: A company must bear two forms of costs while production, variable costs and stuck costs. Variable…

Q: Total Total Average Average Average Total Marginal Variable Fixed Cost $200 Output Fixed Variable…

A: The firm produces various goods and services and results in various costs on the production of goods…

Q: Quantity produced Fixed Cost 6,000 6,000 Number of workers Variable Cost 1,000 1,900 2,700 3,400 1…

A: Answer: Given that:    Number of workers  Quantity produced  Fixed Cost  Variable Cost  0  0…

Q: True or False The average total cost cannot equal marginal cost.

A: Average total cost It refers to the total cost per unit of production. ATC = TC/Q where ATC is…

Q: A business incurs the following costs: • Labor: $105/unit • Materials: $40/unit • Rent:…

A: Given Information • Labor: $105/unit • Materials: $40/unit • Rent: $350,000/month Firm…

Q: Describe the unit-of-production method?

A: Answer -  Unit of Production method - It is method which help to calculate depreciation of value of…

Q: If the direct cost are 61 and the indirect cost are 173 find the total cost?

A: Generally in the given question Direct cost are given as = 61 Indirect cost stated as = 173 Value of…

Q: Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average…

A: When some product is manufactured, cost  takes place and process of business gets accelerated.…

Q: Emco Company has an assembly line of fixed size A. Total output is a function of the number of…

A: MPL = Change in Q / Change in L APL = Q / L L Q MPL APL 0 0     1 10 10 10 2 35 25 17.5…

Q: The cost that cannot be recovered if a firm goes out of business is known as __________. a. Cost of…

A: If a firm goes out of business then some of the costs can not be recovered such as Advertising…

Q: The change in fotal costjof proaucCuọn as the output or total product of the business is expanded…

A: Production cost refers to the overall cost of manufacturing a given amount of a good or selling…

Q: A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it…

A: Since you have asked a question with multiple subparts, we answer the first three for you. If you…

Q: Question: The costs which vary as the level of putput varies are called: ) Prime costs ) Indirect…

A: Cost basically refers to the monetary value of goods or services that the consumers buy and the…