If average cost for Ruby's chocolate production firm is $23 and the output is 1000 units.  Calculate total cost

Q: If marginal cost is above average variable cost, then Select one A average variable cost is constant…

A: Marginal Cost (MC) is the change in total cost for an additional unit of output produced. Average…

Q: Consider the following short run cost function: TC = 4Q3 - 24Q² + 16Q + 100 Derive the expressions…

A: Given  Total cost TC= 4Q3-24Q2+16Q+100 We have to find the marginal cost and average total cost of…

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: The total cost of producing 25 tons of butter is 45000. If the average variable cost is $775, then…

A: TC(Total) is the cost which is incurred by a firm in producing some specific level of output. It is…

Q: Find total fixed cost if average fixed cost is $30 and output is 11

A: The information being given is:- Average fixed cost = $30  Output = 11 units  We have to calculate…

Q: Refer to the graph shown. This set of cost curves Is: MC ATC B AVC Output Multiple Cholce O wrong…

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

Q: Use the table to answer the question below: Quantity          Total Cost  0…

A: Marginal cost is the additional cost incurred when the additional unit of output is produced.

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

A:

Q: A manufacturing firm has a total cost curve : TC= 0.25Q^3 - 6Q^2 + 50Q + 240, and a marginal cost…

A: It has given, TC=0.25Q3-6Q2+50Q+240MC=0.75Q2-12Q+50Now,MC'(Q)=1.5Q-12=0Therefore,1.5Q=12Q=8Now, for…

Q: Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of…

A: Fixed cost is the cost of production that doesn't vary with the level of production and exits even…

Q: Suppose the cost function for a firm is given by C(q) = 200 + 5q. Then: 1. Find fixed cost 2. find…

A: Cost of production occurs while producing goods and services in the economy. The production of these…

Q: A car company has fixed costs of $20, 000. Its marginal costs are given in the table below. Fill in…

A: We have been given with the table of costs. The table has been filled correctly.

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

A: Answer in step 2.

Q: Fill in the blanks with: (a: rising) (b: at a minimum) (c: at a maximum) (d: falling) (e: constant)…

A: Marginal cost is the measurement of change in the total cost with the increment of one unit of…

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: 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: 20.Calculate the average fixed cost (AFC), for a level of production Q = 20, knowing that the total…

A: Given: TC=200+3Q+2Q2 Level of production (Q)=20

Q: Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of…

A: Total cost is the sum of all costs incurred during the production process. The total cost can be…

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: what is the cost stucture of a monoply? what is the cost structure of Microsoft? illustrate the cost…

A: Monopoly is the who charge higher price and make high profit . Their AC is also low

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: Use the following scenario to answer the questions that follow. Steve owns a bike store. His total…

A: (A) Variable cost refers to the cost that does change with change in level of output.

Q: Calculate average cost when total cost Is 100 and total quantity is 8

A: Total cost is defined as the sum of all the expenses being faced by the producer in the production…

Q: Hightide Upholstery Company manufactures a special fabric used to upholster the seats in power…

A: According to question     Given that,               Fixed cost(TFC) = $1000 Fixed cost is the type…

Q: is the firm's total cost function? TC = 20,000 + (1,000q). TC = 1,000q. TC = 20,000. 20,000 +…

A: A firm has a fixed production cost of $20000 and a constant marginal cost of production of $1000 per…

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 has a cost function given by C(y)=100+12y-8y^2+2y^3. At what output level is marginal cost…

A: "In economics, cost refers to the value of money that is spent in order to produce a good." "A cost…

Q: If the average variable cost is $2.00 and the average total cost is $8.00 and the marginal cost is…

A: Answer: Note: I am considering that average variable cost, not average available cost as you have…

Q: A firm's total cost is $12,000. Its variable cost is $5,500. What is the firm's fixed cost?

A: Correct : Fixed cost= $6500 Fixed cost is the part of total cost that does not depend on output and…

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: Calculate marginal cost if change in total cost is $630 and the change in output is $17

A: The given information is as follows:- Change in total cost = $630  Change In output = 17 units  We…

Q: he Information in the graph to the right to find the values for the following at an ut level of 50.…

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

Q: Total variable cost of the firm is $20 and the total fixed cost is $100 Calculate the total cost…

A: Answer: Given, Total variable cost = $20 Total fixed cost = $100 Total cost = Total variable cost +…

Q: (b) A firm has an average cost function 125 q? A(q) + 4. 16 where q is the firm's output. (i)…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: Portia owns and manages a sporting apparel company. Consider the given average cost (AC), ayerage…

A: Average fixed cost = total fixed cost / quantity

Q: A firm has the following cost curves:   Q MC VC FC TC AVC ATC 0 --- 0 30 30 --- --- 112 2 22 26…

A: Fixed cost is the cost that remains same at all levels of output. Variable cost is the cost that…

Q: When output is zero, total fixed cost is zero. O True O False

A: Total fixed cost it is cost that do not vary with level of output.

Q: Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of…

A: The firms total costs are equal to the sum of its variable costs and fixed costs. Fixed costs are…

Q: John's total cost is $400 while his variable cost is $300  Calculate the value of John's fixed cost

A: The information being given is:- Total cost for John = $400 Variable cost for John's firm = $300 We…

Q: MC 90 ATC AVC 70 40 30 50 100 8. The figure above shows a firm's marginal cost, average total cost,…

A: Marginal cost = 70 Average total cost = 70 Average variable cost = 40

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: wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and Total…

A:

Q: Melody Music Store has a total cost function of TC = 500 + 10Q + 5Q?. (a) Find the firm's fixed…

A: Total Cost is defined as the sum of Fixed Costs plus Variable Costs. Fixed Costs are those costs…

Q: A garment factory has total fixed costs of $300,000 per year. The firm’s average variable cost is…

A: The provided information are: Total fixed cost = $300000 Average variable cost = $80

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: Calculate the value of average cost when total cost is 600 and quantity is 15

A: # Given the total cost we can easily calculate the value of average cost as it is simply the average…

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: 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…