Explain graphically cost behaviour in a fixed size plant?

Q: Output(units per day) 10 20 30 Total costs($ per day) 40 54 62 80 Find the average total cost at the…

A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…

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: How do fixed costs change over the long-term? Do costs get re-categorized into a variable cost when…

A: Fixed costs are the costs that do not change with the change in quantity while variable costs are…

Q: A firm encountering economies of scale over some range of output will have a a. rising, then…

A: Microeconomics is a part studied under economics that is used to understand the demand and supply…

Q: MC ATC Avc AVC B A AFC Quantity Refer to the diagram. At output level Q total variable cost is…

A: Mathematically, the average variable cost is determined by separating the absolute variable cost…

Q: After one month of operation, UCC Cafe decided to shorten its business hours and close on weekends.…

A: When UCC cafe reduced business hours and weekends holiday. It considered variable cost.

Q: Calculate Marginal cost when total cost rises from $30 to $70 and the output rises 2 to 3 units

A: We are given that the total cost has increased from $30 to $70 TC1 = $30  TC2 = $70 Output has also…

Q: If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is…

A:

Q: A firm is producing 20 units with an average total cost of $25 and a marginal cost of $15. If it…

A: Average total cost is total cost divided by total output produced,  ATC = TC / Q Marginal cost is…

Q: If average fixed cost is $30  Calculate total fixed cost if output is 30 units

A: According to the above question, the values given are:- Average fixed cost = $30 Output = 30 units…

Q: 39) If the marginal cost curve is below the average variable cost curve, then A) average variable…

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

Q: Carolyn knows average total cost and average variable cost for a given level of output.  Which of…

A: TC is Given  AVC is Given Output Is given

Q: A hotel that produces 100 pizzas has a variable cost of OMR 50 and a fixed cost of OMR 200.…

A: The firm's costs and revenues are the important components that help the firm set its target and…

Q: A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100, average…

A: Given: Total Cost = $1000 Fixed Cost = $100 Output = 300 units.

Q: Find 10 problems related to variable cost and solve it.

A: Variable cost is such a cost which vary directly with the level of output. They can be of two types…

Q: The fixed costs of a firm are $100. When the firm produces one unit the total cost is $150. The…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: You overheard Mr. John, the newly-hired marketing manager, saying: “I think our company should take…

A: Economies of scale refers to the concept used by the organization in which the organization increase…

Q: At Jody's bakery they are currently selling 400 loafs of bread. It cost them $4,000 to buy an oven,…

A: Variable cost: A variable cost is a corporate expense that changes in proportion to how much a…

Q: A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100, average…

A: Cost: It refers to the value of goods or services in the terms of money.

Q: Answer the question on the basis of the following cost data. Average Fixed Average Variable Output…

A: Average variable cost (AVC): - it is the average value of the cost incurred due to the employment of…

Q: A shirt manufacturer can produce 800 pieces of shirts in a week at a total cost of $6400, and 1600…

A: Marginal cost measures the change in total cost that occurs when there is a change in the output…

Q: The Firms average total cost is  $60 its average variable cost is  $30 and its total fixed cost is…

A: Output: It refers to the quantity that a company is producing goods and services within a limited…

Q: Find total cost given that:- Fixed cost = $90 Variable cost = $45

A: The data presented in the question above is:- Fixed cost = $90 Variable cost = $45   Total cost is…

Q: In a recently opened shopping mall, Jagdeep sells handmade coffee mugs in abooth for $25 each and…

A: The break-even point is a level of quantity at which the total revenue generated from the sale of…

Q: A firm produces 400 units of output at a total cost of $1.000. If fixed costs are $200, average…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Suppose a shoes factory makes 100 pairs of shoes. At this level of production, they have $25 in…

A: Fixed cost is independent of output produced whereas variable cost varies with the level of…

Q: Suppose that average total cost is $60, average fixed cost is $25, marginal cost is $45, and output…

A: Given,  ATC = $60 AFC = $25   MC = $45 Output = 300.

Q: Construct the cost schedule using the data. below for a firm operating in the short run.   Graph…

A: Total cost is the sum of all the cost that incurred by a firm in order to produce output. The…

Q: Calculate TFC if average fixed cost is $30 and output is 50

A: The information being given is:- Average fixed cost = $30 Output = 50 units  Total Fixed cost = ?

Q: The firm has been working with variable cost of 100 dollars and it has fixed costs 100 dollars as…

A: Given variable cost of the firm = $100 Given fixed cost of the firm = $100

Q: A leather coat manufacturer can produce 150 pieces of leather coats in a week at a total cost of…

A: The following cost calculations are done below:

Q: For a restaurant that sells hamburgers, which of the following costs would be a variable cost? O The…

A: Variable cost is those cost which is not fixed in nature. These costs change in proportion to…

Q: Which costs are measured on per-unit basis: fixed costs,averagecost,average variable cost,variable…

A: Cost(C) is an important component of production. The ‘cost of production’ refers to the total…

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

A: The cost is the money spent on factor of production to produce the goods and services. There are two…

Q: Calculate average variable Cost if total variable cost is $1000 and output is 20

A: The average variable cost is the cost per unit of output. Total variable cost is the total…

Q: What is the average variable cost of producing 400 units of output?

A: Answer: Given that:      Labor  Output   Marginal Cost  Variable Cost  Fixed Cost  0  0    0  5…

Q: Explain graphically cost behaviour in a differant size plant?

A: A profit-maximizing firm always aims to minimize its input cost subject to output constraint. In the…

Q: Calculate Marginal cost if total cost changes from 80 to 160 and output rises from 1 to 3

A: We are given that :- TC1 = $80 and TC2 = $160 Total cost rises from $80 to $160 And the output rises…

Q: Identify a variable cost

A: Variable cost is a cost that changes according to the quantity. It is calculated by subtracting…

Q: Marginal cost can be calculated both from total cost and total variable cost and is not affected by…

A: According to the given question The marginal cost is basically or initially considered as the slope…

Q: MC ATC AVC F AFC A Quantity Refer to the above diagram. At output level Q total variable cost is:…

A: Diagrammatically, total variable cost(TVC) at a certain level of output is given by the area below…

Q: The variable cost per unit varies with output, whereas the fixed cost per unit is constant." Do you…

A: Total variable cost (TVC) is the total cost component that changes with a change in output, so AVC =…

Q: If average total cost is $100, average variable cost is $30 and output is 50 units. What is the…

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

Q: How can I construct a cost curve for ATC, AVC, MC

A: Total Cost:The sum of explicit costs and implicit costs constitutes the total cost of the production…