for these two graphs answer the following question what is the fixed cost?

Q: How does a cost behave in response to a change in activity? Give an example?

A: Cost also changes with the change in the activity. There are two types of costs- fixed costs and…

Q: Use the following information to answer the question Quantity (number ofFixedVariable Total Marginal…

A:

Q: What is a average total cost? : What is a Marginal cost?

A: The average total cost is the total cost per unit of output. It is calculated by dividing the total…

Q: What effect, if any, does diminishing marginal product have on the shape of the marginal cost curve?

A: According to the law of diminishing marginal returns, after a certain level adding additional units…

Q: Explain how input, output and cost are interrelated

A: A business needs to make use of inputs for turning them into outputs that could finally be sold in…

Q: Jane's Juice Bar has the following cost schedules: In the following table, complete the marginal…

A: Total cost is the total expenditure done by the producer on the production process. Total cost…

Q: marginal cost

A: The marginal cost depicts the additional cost of an extra unit of output produced. As, the level of…

Q: Use the following information to answer the question Quantity (number ofFixedVariable Total Marginal…

A:

Q: Define and explain the difference between economics of scale and economies of scope. Include an…

A: Definition: Economies of scale are cost-saving strategies in a production process by increasing the…

Q: alculate average variable cost and marginal cost from the following table. Units of Output Total…

A: Answer in step 2.

Q: how is the slope of the total cost and marginal cost related?

A:

Q: On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points…

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

Q: What are Fixed Costs?

A: A company mainly faces two type of costs known as fixed cost and variable cost. These two costs are…

Q: Graph the following: The Average Total Cost curve and Average Variable Cost curve must not touch (in…

A: The figure mention below represents the different cost curves and levels of output produced in a…

Q: What does average fixed cost fall with increase in output?

A: Fixed cost per unit of output is known as average fixed cost. Because the same amount of fixed costs…

Q: Why does the average fixed cost falls with the increase in output?

A: Fixed cost is that cost which doesn't Change in the short run as the production proceeds.  Average…

Q: Consider a graph drawn with the average total cost curve and average variable cost curve. The…

A: Average total cost is the combination of average fixed cost plus average variable cost. So, the…

Q: What is fixed cost? How would you calculate Fixed cost in a graph

A: Total Cost has two components in the short run  1)Total Fixed Cost and 2)Total Variable Cost . Each…

Q: Graph the following: The Marginal Cost Curve crosses the Average Total Cost curve and Average…

A: The figure illustrates the MC, ATC and AVC.

Q: On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points…

A: Cost is the sum of variable cost and fixed cost.  Fixed costs remain the same at each level of…

Q: Graph the following: The average fixed cost curve will never intersect with either the horizontal…

A: In the short run, a firm will have two types of cost: fixed cost and variable cost. Total fixed cost…

Q: Assume that the marginal cost of production is greater than the average variable cost. Can you…

A: The marginal cost of production is the incremental cost incurred when an additional unit of a good…

Q: On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points…

A: The overall cost paid by a firm to create a given amount of a product or provide a service is…

Q: f the cost of producing 100 pies is $274 the average total cost is?

A: Average total cost refers to total cost per unit of output. It is the sum of average fixed cost and…

Q: Graph the following: The Average Total Cost curve and Average Variable Cost curve must not touch…

A: 1. The Average Total Cost (ATC) curve and Average Variable Cost (AVC) curve are shown in the graph…

Q: What is another term for marginal costs

A: Marginal cost refers to the additional cost incurred by firm or a producer when one additional unit…

Q: Why is the average cost a U shape

A: Cost refers to the amount of money required to produce the goods and services by the various factors…

Q: Explain why marginal cost curve (MC) cuts average cost curve(ATC) and average variable cost (AVC) at…

A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce…

Q: You are told that the marginal cost of production is increasing. Is it possible to determine whether…

A: Marginal cost of production refers to the additional cost of producing one extra unit of output,…

Q: Which graph correctly represents the relationship between all three cost curves? O Cost MC Cost АТС…

A: The relationship between curves: The MC curve cuts the ATC and AVC at the minimum and ATC>AVC.

Q: Again referring to the table above, the total average cost of producing 25 pizzas a day is: TC TAC=…

A: We know,  Total cost(TC) = Fixed cost (FC) + Variable Cost(VC) Total cost for 25 units = 400 + 200 =…

Q: (Type a whole number.) The expression for the marginal cost function is (Simplify your answer. Type…

A: Total cost is the sum of fixed and variable costs. Variable costs change according to the quantity…

Q: briefly explain returns to scale.  Explain the variable costs in the cost function

A: returns to scale allude to the rate by which result/output changes on the off chance that all…

Q: Briefly write the behaviour of Average fixed cost when output increase

A: # By the name itself we can see that average fixed cost is on an average value of fixed cost…

Q: Which average cost curves are U-shaped?

A:

Q: Using the following graph of the cost curves for a firm. Complete the statement below. yice

A: The firms short run capacity point is where MC = AVC In short run the firm starts its output at…

Q: Explain the relationship between the average cost and the marginal cost?

A:

Q: Use the following information to answer the question Quantity (number ofFixedVariable Total Marginal…

A: Ans.  Quantity (number of units) Fixed costs       ($) Variable Costs           ($) Total…

Q: What is the relationship between marginal cost (MC) curves and average cost (AC) curves?

A: The expense that is being incurred in order to reach a specific level of output is known as the…

Q: Graph the following:  Average Total Cost curve and Average Variable Cost curve with proper…

A: Average total cost refers to per unit cost of production which is calculated by dividing total cost…

Q: How does fixed cost affect marginal cost? Why is this relationship important?

A: Fixed cost is the cost which does not change with the change in the output. Marginal cost is the…

Q: The president of Toyota's Georgetown plant was quoted as saying, "Demand for high volumes saps your…

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

Q: Briefly explain what is meant by the term "variable costs" and provide three examples of same.

A: Total cost of production has two parts- fixed cost, which remains fixed along the production and…

Q: Explain which of the following is a fixed cost or a variable cost for General Motors. a. The cost…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Graph the following:  The average fixed cost curve never intersecting with either the horizontal or…

A: Average fixed cost is the cost incurred by the firm as unit of output. AFC = FC/Q Where, FC = fixed…

Q: Illustrate and briefly explain the relationship  between Marginal cost and average cost curves

A: The markets are the place where the buyers and the sellers of goods and services tend to interact…

Q: uantity produced/day Total cost Variable cost 0 $50 0 1 $75 $50 2 $110 $75 3 $155 $100 4 $210 $150 5…

A: In a market, average variable cost is the per unit variable cost, marginal cost is the additional…