(dollas мс . F 40 E ATC 30 AVC 22 в 20 ED0 350 Output (unit) 425 450 0 rri If the firm produces 350 units, total fixed costs are: a. $1,400 b. $7,700 c. $9,100 d. Can't tell; insufficient information
Q: In Sheridan Company, total materials costs are $37,600, and total conversion costs are $61.560 for…
A: Materials Cost per unit = Total Materials Costs / Number of Units =$37,600/10,000 =$3.76…
Q: If AFC is $9 at an output of 100 units, and ATC s $11 at the same output, it follows that: TVC is…
A: there are mainly two type cost , Fixed Cost and Variable cost , Average cost is the per unit cost…
Q: A restaurant selling hamburgers has fixed costs of $11,975 and sells the burgers for $6.50 each. The…
A: The point that depicts revenues of the firm being earned are equal to their expenses being incurred…
Q: What is the avg variable cost of the second unit produces? Quantity total cost 0 20 1 25 2 35 3 50
A: Total Cost is the sum of fixed cost and variable costs. Total Cost=Total Fixed Cost+Total Variable…
Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…
A: We have given the cost schedule in which fixed cost is $1000
Q: So that a firm break even fixed cost $30,000 price=$8.90 variable cost per unit (avc)=7.40
A: Break-even point is where the total cost is equal to total revenue. It is the point where the firm…
Q: Cost LRAC 40 30 N 20 10 100 200 400 800 Output
A: The firm earns maximum profit at the point where the average costs are the minimum. To understand…
Q: Darrell owns a furniture store. His total costs are $225,000 per year, and his fixed costs are…
A: Total costs include all the costs that a firm incurs when producing a product. Fixed costs are the…
Q: A) ABC company produces 100 pendants per day. The total fixed cost for the plant is $500 and the…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: VT Company's breakeven point is 4,000 units. It's product sells for $20 per unit and has a variable…
A: Total cost is a sum of fixed cost and variable cost. Fixed cost does not depend on quantity and…
Q: Complete the cost schedule using the data below for a firm operating in the short run. Fill in all…
A: The table can be filled by calculating the blanks with the given formula: Average variable cost can…
Q: 10. For the cost function CC) = 100 - 20 -302 the average foxed cost of producing 2 units of outout…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Given: TR = 193Q -4Q² TC = 1/3Q³-12Q²+179Q+100 (A). Find Q to get maximum TR (Notes: Use 3 digits…
A: Answer;
Q: caps ness is reproduced below: Output Total Cost 50 890 100 920 150 1000 200 1260 250 1470 300 1850
A: The following problem has been answered as follows
Q: A manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work on margin of…
A: (i) The revenue function of a firm shows the total amount received by the firm from the sale of its…
Q: Output from a process contains 0.02 defective unit. Defective units that go undetectedinto i nal…
A: Given: The proportion of defective units from a process contains = 0.02 units The undetected units…
Q: A firm estimates its production function as Q = -2.4 + 20*L -5*L2 + 30*K -1.00*K2 + 15*F 3*F?. Total…
A: Profit maximizing firm will maximize profit: Profit = P*Q - TC Profit = 200(-2.4+20*L - 0.5*L2 +…
Q: Hactory produces 20 units of output. Its average faed cost (AFC) - $25, everage total cost (ATC) -…
A: Output: Q=20 AFC=$25 ATC=$35 MC=$15 Variable cost is that cost which varies with output…
Q: Assume the firm can sell its product for $14 each. TR VC AVC TC АТС MC - - - $2000 100 $1400 $600…
A: Fixed cost is the value of total cost when output is zero. A firm maximizes profit when Price is…
Q: 14) Sophie Corporation recently produced and sold 107,000 units. Fixed costs at this level of…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: What is the total cost of producing 200 units 125 150 180 210
A: Total Cost = Average Total Cost*Quantity TC at 200 units = 0.75*200 = 150 TC at 125 units =…
Q: If a firm has total revenue of $30,000 for January and the cost for the month are $26000 Calculate…
A: The information being given is:- Total revenue for January = $30,000 Total cost for January =…
Q: | cost of producing 590 gadgets is --- the average total cos adgets.
A: The average total cost of producing 590 gadgets and the average total cost of producing 510 gadgets.…
Q: Cost LRAC 40 30 20 10 100 200 400 800 Output a. What is the cost per unit when the firm produces: i.…
A: The cost of production is the cost incurred in the process of production in the economy by a firm.…
Q: 8.1 The fixed costs at Harley Motors are $1M annually. The main product has revenue of $9.90 per…
A: c. ‘Harley motors have annual fixed charge which is adequate to $1 million. the most…
Q: The average cost is $13 and the output pro- duced is 10 units Calculate total cost
A: The information being given is:- Average cost = $13 Output = 10 units Total cost = ?
Q: Kesearcn LaD NIKing Loage Totai Action (Dollars) (Dollars) (Dollars) No Recycling 2,000 1,000…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: For 9 units of a product, a manufacturer's cost is C(9) dollars and revenue is R(g) dollars, with…
A:
Q: Output, Variable input and Costs (per day). Таcos Labor VC TC MC AVC АТС 50 1 120 420 0.00 105 165…
A: The calculations are done using: VC=120×labor unitsTCn=VCn+fixed costMCn=TCn-TCn-1AVC=TVCQATC=TCQ
Q: yue cost Funct ou and price per unit functon of setling x vuit of calculators are c(x) =°0 1x²+…
A: Quantity times price function gives the revenue function. Marginal cost is the additional cost for…
Q: Costs ($) 800 TVC 500 450 300 0 1 2 3 4 5 6 7 8 9 10 11 12 Units of output 1. Refer to the figure,…
A: Total cost has two components one is varaiable and another one is fixed.
Q: 8. If average variablecost is $74 and total fixed cost is $100 at 5 units of output, thenaverage…
A: here we can calculate average total cost as follow
Q: Q VC AVC TC ATC MC $30 1 $40 $50 3 $80 4 $90 What are the fixed costs? If the firm can sell its…
A: To complete the table we need following formula Total cost = Fixed cost + Variable cost Average…
Q: 1. Use the high-low method to estimate the fixed and variable portion of overhead costs based on…
A: Total cost (TC) = F + vQ where F: Fixed cost, v: Overhead cost per hour & Q: Number of machine…
Q: Tire Co. has total fixed costs of $1000 per month. The firm's variable cost is $800 for 10 tires. At…
A: Average variable costs = Total variable cost / Quantity of output
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 total cost which is incurred by producer in producing goods and services , it…
Q: eo Squared faces marginal cost MC(q)=50+q. It is producing 50 units and has total revenue of 5,000…
A: The profit is maximized where the MR = MC. While in perfectly competitive market, profit is…
Q: TC = 200 + 60Q+ 2Q? What is the average variable cost when 4 units are produced? Enter as a value.…
A: Average variable cost is the cost per unit here we calculate which are as follow-
Q: A firm estimates its production function as Q = -2.4 + 20*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2.…
A: Given, The production function, Q = -2.4+ 20 L - 0.5L2+30K - 1.00K2+15F- 0.3F2 The total cost…
Q: A company is evaluating the profitability of a new product. The company must rent a space that will…
A: PRODUCTION cost is the summation of fixed cost and variable cost . Total cost = FC +VC AVC = TVC/x…
Q: Sanmina Corporation of Toronto produces medical equipment and is producing 100 units of output in…
A: Total cost = Total fixed cost + total variable cost Total cost = ATC * Output Total variable cost…
Q: Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal…
A: Profit = $7,816 Units = 396
Q: 1. A firm estimates its production function as 2 Q = -2.4 + 20*L -.5*L< + 30*K -1.00*K² + 15*F…
A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…
Q: CEO of Ganymede company produces goods with 500 customers where the number of customers is equal to…
A: Answer to the two sub parts are as follows :
Q: A fruit stand owner rents a stall at the market for $255$255. Each month, the owner spends…
A: The total production process of a firm is an amalgamation of various costs, the optimum quantity…
Q: Cost LRAC 40 30 20 N 10 100 200 400 800 Output a. What is the cost per unit when the firm produces:…
A: Total Cost per unit of output is also called average cost. The figure shows long run run Average…
Q: 11. If average total cost is 100 for a given output and marginal cost is 70) we then know that…
A: Average fixed cost refers to the fixed cost per unit.
Q: 10. For the cost function CC) = 100 - 20 -302 the average fxed cost of producing 2 units of output…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 1. A furniture store sold picnic chair for $22.95 during a promotional sale. The store bought the…
A: Given: Cost of coffee maker = $36 less 40% and 15% Now the actual cost = 85% of (60% of 36) =…
Q: A company is planning to manufacture wheelchairs that are light, fast, and beautiful. Fixed monthly…
A: In economics, a CF {"cost function"} is described as a function of an output quantity and prices of…
Step by step
Solved in 3 steps with 2 images
