If a firm is producing 4units of output at an average cost of $45 when the firm produces 5th unit of output average total cost rises to $50 what is the marginal cost of the 5th unit of output

Q: The firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. The firm will…

A: Here, total fixed cost of a firm is given as $9 and constant marginal cost is given as $3 per unit.…

Q: A factory that you are managing has an hourly production process that can be represented by the…

A: Cost is minimized when production takes place where marginal rate of technical substitution is equal…

Q: I need help. If you can explain the process and not just give the solution, I would appreciate it,…

A: Marginal price (MC) is calculated by taking the amendment in total cost between 2 levels of output…

Q: On the side, the marginal cost (MC) function of a firm is given. As it is known that the fixed cost…

A: Marginal cost is the additional cost a firm incurs when he increases the production by 1 more unit.…

Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC =…

A: Average cost is the ratio of total cost and quantity

Q: The "Sad Student" Company finds that it costs a total of C(q) = 9720 +500g -1.5q +0.005g Dollars to…

A: Total cost is the sum of fixed and variable cost of production.

Q: (Table) Based on the table, Output is the marginal cost when moving from forty to forty-eight units.…

A: TFC=$500 TC=TVC+TFC MC=Change in total costChange in output

Q: = A clothing company determines that its marginal cost, in dollars per dress, is given by the…

A: Here, the marginal cost function is given as: C'(x)=-(2/25)x+53, when x is less than and equal to…

Q: The cost, in dollars, of producing x yards of a certain fabric is C(x) = 1100 + 13x − 0.1x2 +…

A: Answer: Given, The total cost function, Cx=1100+13x-0.1x2+0.0005x3 (a). To find the marginal cost…

Q: Assume that the operation has the cost function CIa) = 200 - 30 - 80 40 and the marginal cost…

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

Q: Suppose a firm is producing 1,000 units of output. Its average fixed costs are $100. Its average…

A:

Q: FarFlung make computer keyboards. They use both labour, L, and materials, M, in their production of…

A: Q = LM Q = 160,000 MPL = dQ/dL = M MPM = dQ/dM = L

Q: Consider a company that has fixed costs of $9,700 and a marginal profit of $23 per item. What is the…

A: Here, given information is: Fixed cost: $9,700 Marginal profit: $23 per item To find: Average…

Q: A company estimates that the total revenue, R, in dollars, received from the sale of q items is R(q)…

A: Total profit is calculated by the total revenue less the total cost of production. Marginal cost…

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

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

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: If the short-run total cost function for a firm is TC = 3,000+100Q, Given: TC = 3,000 + 100Q TC =…

A: Marginal cost (MC) = dTC/dQ = 100

Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC = 20,000q-…

A: LMC is the marginal cost which is the change in total cost by producing an additional unit of output…

Q: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The…

A: marginal cost measures the additional cost incurred in order to produce an additional unit of…

Q: A firm has two plants that produce identical output. The cost functions are C1=346q−8q2+0.5q3 and…

A: Average cost curve is the U shaped curve which means the at first it decreases and reaches at…

Q: Labor Output 1 4 2 11 17 20 21 Suppose the firm rents its machine for $10 per day and pays its…

A: Labor Output Variable cost Fixed cost 0 0 0 10 1 4 15 10 2 11 30 10 3 17 45 10 4 20…

Q: Suppose that the total cost function of a firm is TC = 1000 + 10Q2 a) Find the output level that…

A: Given the total cost function: TC = 1000 + 10Q2

Q: Output Total Cost 8) $10 20 28 3. 38 4 53 73 6. 98 Refer to the provided table. The total fixed cost…

A: Since you have asked multiple questions, we have answered the first question for you. If you want…

Q: The marginal cost for a manufacturer of cherries is MC(q) = 0.06q³ + 0.5q + 50 per ecaton-cherry.…

A: Marginal Cost(MC) is the change in the total cost(TC) due to very small changes in the quantity(q)…

Q: The cost of producing 5-gallon water bottles is given by: C(q) = 0.005q + 2q + 1000. If 2000…

A: Given: C(q) = 0.005q + 2q + 1000. Quantity (q) = 2000 units

Q: The cost of producing x units of stuffed alligator toys is c(x) = 0.003x² + 6x + 6000. Find the…

A: Cost is the monetary and non-monetary expenditure incurred by the producer for a given amount of…

Q: When a firm produces one unit, the variable cost is $3. When the firm produces  two units, the…

A: Given information: Variable cost when the firm produces 1 unit = 3 Variable cost when the firm…

Q: A firm producing the goods by using machinery costing $100 and additional cost of producing…

A: Here, machinery is the fixed cost = $100 variable cost = $2 Number of units = 5

Q: Table 8.5 Output Total Cost 0 15 1 25 2 33 3 40 4 48 5 58 6 70 Refer to Table 8.5. The marginal…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

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: define total fixed costs

A: Cost refers to the expenditure incurred in producing a good by a producer. Cost is classified as:…

Q: 14. The research department of Acme, Inc. has determined the marginal cost function for one…

A: The marginal cost of production refers to the incremental cost incurred in the production of an…

Q: If Amit's Curry House took in $35 000 in revenue last week and had out-of-pocket expenses of $31…

A: please find the answer below.

Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…

A: It is given that -  C(q) = 0.005q2 + 2q + 1000 and it is given that q = 2000 units.

Q: A cookie company can produce 500 cases of chocolate chip cookies a week at a total cost of $3,000…

A: According to the question, it is given that : A cookie company can produce chocolate chip cookies…

Q: In the short run, a tool manufacturer has a fixed amount of capital. Labor is a variable input. The…

A: We have to calculate The equilibrium wage rate and equilibrium level of labour use.

Q: Showing your analytical work clearly in a step by step manner is a must. Otherwise points will be…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The Framing Gallery frames posters and has total fixed costs of $1,000. The Framing Gallery is…

A: Answer: Any production activity composed of fixed costs and variable cost, fixed cost remains fixed…

Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC =…

A: Average cost is the per unit cost of production

Q: The total cost function of firm is TC = 60 + 6q. If the firm produce 10 units per day then calculate…

A: Below is the given function: Total cost, TC  = 60 + 6q Quantity = 10 units per day

Q: A firm has an average cost function A(q) =125 +q^2 - 4             q        16 where q is the firm′s…

A: Answer to the question is as follows :

Q: A firm has two plants that produce identical output. The cost functions are C1=346q−8q2+0.5q3 and…

A: Firm's objective is to maximize the profit or minimise the cost .  Here the production Decision is…

Q: TC, = 20 + 50 TC, = 25 + 3Q; %3D %3D TC, = 15+ 40 %3! TC, = 20 +60 TC is in hundreds of dollars, and…

A: 1. Total cost is the sum of all costs incurred by a firm for producing some output. 2. where the…

Q: You've been hired by an unprofitable firm to determine whether it should shut down its operation.…

A: The profit incurred by a firm is the excess of total revenue earned by the firm over the total cost…

Q: Suppose that the dollar cost of producing q appliances is c(q) = 1500 + 140q-0.3q. (a) Find the…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: The following equation represents the cost structure of a firm: C= 10 + 3q. The average cost of…

A: Cost function of the firm, C= 10 + 3q   The average cost of production =  Total cost/ Quantity…

Q: runction 125 q? 4. 16 A(q) where q is the firm's output. (iv) Write an equation for the total cost…

A: Part: 1 The total cost(TC) function is the cost of producing total output. The formula for TC is…

Q: The joint cost, in dollars, for two products is given by C(x, y) = xVy2 + 11. (Round your answers to…

A: Marginal cost is the cost of additional unit produced . To find the marginal cost we need to take…

Q: OUTPUT TOTAL COST 40 1 49 57 64 4 70 77 6. 85 : The TVC of producing 4 units of output is : The AFC…

A: "The total variable cost represented by TVC indicates the total of all the variable costs of inputs…