how to calculate total cost analysis

Q: Calculate the value of total cost if average cost is $42 and total units is 5

A: In the above given question, we are given with the values of average cost and total units as:-…

Q: What is the average total cost when producing three units? average total cost: $

A: What is the total cost when producing zero units.

Q: Define the term semi-variable costs?

A: The costs incurred by a producing agent in the procurement of factor inputs for the production of a…

Q: Someday, if you want to be an economist or to study  more about economic analysis, what platform you…

A: While studying economics, economists have the capability to reduce costs while using different…

Q: Calculate variable cost if total cost is $200 and the fixed cost is $130

A: The information being given is:- Total cost = $200  Fixed cost = $130  Variable cost = ?

Q: Calculate total variable cost is average variable cost is $82 and the output is 16 units

A: TVC= AVC*Q

Q: If total cost is $100 and output is 13 units  Calculate the value of average cost

A: The given information is as follows:- Total cost of the firm = $100 Output = 13 units  We need to…

Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…

A: Fixed cost of production  = $10000 Variable costs  of production = $100 Number of units produced = 5

Q: For a cost function C = 100 - 100 - 02 the average variable cost of producing 20 units of outout is

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

Q: An owner of a firm estimates that the average total cost is $6.71 and the marginal cost is $6.71 at…

A: The information given here indicates that the average total cost, as well as the marginal cost of…

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: Calculate accounting profit if explicit cost is $300 and total revenue is $2000

A: The data presented in the question above is:- Total revenue = $2000 Explicit cost = $300 Accounting…

Q: Calculate total cost when average cost is $36 and the output is 99 units.

A: We are Given that:- Average cost of the firm = $36 Total output = 99 units. We need to calculate the…

Q: If average cost is $30 and the output is 15 units. Calculate total cost

A: (Q)If the average cost is $30 and the output is 15 units. Calculate total cost

Q: Calculate average cost when total cost is $100,000 and output is 74 units

A: We are given that:- Total cost incurred by the firm = $100,000  Total output = 74 units

Q: If marginal cost is less than the average variable cost and output increases, average total cost…

A: Average variable cost(AVC) is the ratio of total variable cost(TVC) to output(Y). Average total…

Q: Find the cost function for the marginal cost and fixed cost. Marginal Cost Fixed Cost (x = 0) dC…

A: Marginal cost: Marginal cost can be defined as the cost that is incurred on the production of an…

Q: If fixed cost is half the value of variable cost and variable cost is $2200 Find total cost

A: The data presented in the question is as follows:- Variable cost = $2200 Fixed cost is half of…

Q: How would the following cost be classified? Rent that would be received if an owned building were…

A: In economics, costs are classified based on their impact on an individual such as direct cost or…

Q: Identify a fixed cost

A: A fixed cost is referred to as the cost which would not change due to an increase or decrease in the…

Q: If total cost is $600 and output is 10 units Calculate average cost

A: According to the above mentioned question, we have:- Total cost= $600 Output = 10 units  Average…

Q: How can we determine the Cost Basis?

A: Calculation of the cost basis of an investment shows the capital gain or loss on it. It indicates…

Q: out the following cost chart. Round to the nearest tenth.

A: Every production unit incurs certain amount of costs for production. They have to buy raw materials,…

Q: A study of 86 savings and loan associations in six northwestern states yielded the following cost…

A: Ans. To evaluate the variables that are statistically significant in explaining the variations is…

Q: Calculate the value of total cost if variable cost is $320 and fixed cost is $110

A: The given information is as follows:- Total variable cost = $320 Fixed cost = $110 We have to…

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: Define the term Cost Reduction?

A: Cost reduction is the mechanism that businesses use to cut costs and increase profits.

Q: Calculate average cost if average fixed cost is $33 and average variable cost is $40

A: The information being given is:- Average fixed cost = $33  Average variable cost = $40 Average cost…

Q: If you know that total fixed cost is $400, total variable cost is $200, and total output is 4 units,…

A: Total fixed cost  is the cost that does not change as the level of output changes. For example,…

Q: Fixed costs and Variable costs are considered to be costs.

A: The factor of productions are the labor, raw materials, capital, land etc which incurred some cost.…

Q: Total cost is $350 and the output is 13 units Calculate average cost

A: The information being given is:- Total cost of the firm = $350  Output = 13 units  We have to…

Q: Average total cost decreases when marginal cost is average tot. less than greater than equal to

A: Average cost(AC) is the division of total cost(TC) by the total quantity produced. It is the…

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

A:

Q: Define Average unit cost,

A: There are different types of cost in production, total cost, average cost and marginal cost. Total…

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: Average fixed cost is $22 and output is 12 units Calculate total fixed cost

A: The information being given is:- Average fixed cost = $22 Output = 12 units  We have to calculate…

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: Find average cost if Total cost is $1000 and the output is 60 units

A: The information given to us is as follows:- Total cost = $1000  Output of the firm = 60 units…

Q: Horace Corporation, located in Hamilton, produces steel. When it produces 40 units of steel output,…

A: here we have different type of cost , so calculate and choose the correct option which are as…

Q: While drawing cost curves, the state of technology must be kept constant True/False

A: # Cost curve is drawn taking into use th fixed cost of the firm and the variable cost incurred by…

Q: Calculate the average cost when the total cost for the production of 3 units is $75

A: # Average cost is given as the ratio of total cost and the total quantity produces. That it:- AC =…

Q: Compare and contrast economies of scale and economies of scope. Give an example of each from your…

A: Introduction Economies of scale: Economies of scale occur when the quantity of goods increases and…

Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…

A: Here machinary is the fixed cost = $10000 Variable costs = $100 Number of units = 5

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: 30. If the total variable cost is 50 and the total cost is 200, then we know that the total fixed…

A: Total cost = Total fixed cost + total variable cost. Using the definition of total cost we have.