If short run total costs are 2q? + 50q + 50, and output is 15, average variable costs will be a. 80. b. 50. c. 450. d. 105. e. 52.50.

Q: Question 22.22.   The following cost data are for a firm in the short run:  Output  Total Cost 0…

A: The average variable cost (AVC) is the total variable costs per unit of output. Thus, AVC=TVCQ Where…

Q: 1. Based on the above table, does the firm operate in short run or long run?WHY? 2. Based on the…

A: The missing entries in the cost table of the firm have been computed as follows:  Quantity Fixed…

Q: Average total cost, average variable cost marginal cost and marginal product b. The relationship…

A: Average Total Cost or Average Cost is the total cost (TC) divided by the number of units produced…

Q: Q2. Law of diminishing marginal returns is applicable in both short run as well as long run.  is it…

A: The law of diminishing marginal returns expresses that as an ever increasing number of units of data…

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: Alejandro is one of the leading ceramic vase producers in the country. His total costs (TC) amount…

A: Average total cost = Total cost/ Output.

Q: Find Average fixed cost with the following information:- Total fixed cost = $350 Output produced =…

A: The data presented in the question above is:- Total fixed cost = $350   Output produced = $70 The…

Q: If you have the following Marginal cost (MC) Variable costs (VC) Total cost (TC) Fixed cost Quantity…

A: Since you have posted multi subparts question, as per guideline we will solve first 3 subpart only.…

Q: In the short run, a firm's output level is 10 units. Its total cost is $4000 and its average fixed…

A: Cost of production refers to the amount of money involved in the production of goods and services,…

Q: Assume that in the short run a firm is producing 200 units of output, has average total costs of…

A: Total fixed cost is a part of Total cost which remains constant. The total cost can be calculated…

Q: A company produces two products.  FC = Total Fixed costs = $580 VC1= variable costs from product 1 =…

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

Q: Assume that in the short run a firm is producing 1,000 units of output, has average total costs of…

A: Solving with the help of formula

Q: Define fixed and variable costs of production. Why do you think bigger firms may have lower average…

A: Answer: Fixed cost: it refers to the cost that is constant in the short run and it does not change…

Q: 6. A firm's long-run total cost function is given by LTC = 115.000Q-500Q2 + G where Q is the…

A: Gradually in simple words we can say that the economies of scale are determined to be as the cost…

Q: Quantity Total Fixed Cost 0. 60 60 60 115 4 60 130 6. 60 160 8. 60 200 10 60 250 Using the above…

A: Fixed costs (FC) are costs incurred during production that are not dependent on the quantity of the…

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: At level of output, average fixed costs = $20, average variable costs $900. Given this information,…

A: Usually in the easy language we can call Average fixed cost as the cost which is gradually required…

Q: Assume that in the short run a firm is producing 500 units of output, has average total costs of…

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: 15. If a firm's short – run total cost function is TC = 20 + 2q? then its short run average cost at…

A: TC = 20 + 2q^2  AC = TC/q  by putting the value in TC of q = 1  TC = 20 + 2. (1) ^2         AC = TC…

Q: Assume that in the short run a firm is producing 800 units of output, has average total costs of…

A: Given:ATC=$150AVC=$100Output=800 units

Q: a. Calculate and fill in the column of marginal products. What pattern do you see? How might you…

A: Marginal product of labor refers to the amount of additional output that obtained by increasing one…

Q: App9: Consider the following table of long-run total costs for three different firms: Quantity 1 2 3…

A: Economies of scale refers to a situation when the average total cost decreases as output increases…

Q: Q1. If fixed cost (FC) is $50, variable cost (VC) is $100, and output (quantity) is 3, what is…

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

Q: The Average total cost curves, the original ATCO and when an extra café is added ATC, is shown in…

A: When firms operate in a market, they incur different costs. The total cost is the sum of fixed costs…

Q: Output AFC, ȼ AVC, ȼ 1 50.00 100.00 2 25.00 80.00 3 16.67 66.67 4 12.50 65.00 5…

A: Total cost is the product of average cost and quantity produced. It is also the aggregate of total…

Q: Question 7 Short run costs A firm's short-run cost function is C(q) = 10q - 12q? +0.5q+ 400 1. Find…

A: Here, a firm's short-run cost function is given as: C(q)=10q-12q2+0.5q3+400

Q: Assume that In the short run a firm Is producing 100 units of output, has average total costs of…

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

Q: 9. At an output level of50 units per day a firm has average total costs of $60 and averagevariable…

A: here we can find the total fixed cost as follow

Q: Consider the following table of long-run total costs for three different firms: Quantity 1 2 3 4…

A: In microeconomics, long run is the time period when all the resources are variable. Economies of…

Q: Q. No .4. Consider the following cost information for Yasir’s tea stall.       (Cups of tea per…

A: Fixed cost=30 variable cost (VC)= total cost-fixed cost average fixed cost (AFC) = total fixed…

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

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

Q: A firm's total short-run cost function is C(y)=12y3−8y2+30y+12. What is the average variable cost?…

A: To get the average variable cost: Total cost function is given as C(y) = 12y3-8y2+30y+12 It is…

Q: 7) What is the relationship between AFC, AVC & ATC? How are these calculated? 8) A firms produces an…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Q. %3D W=r=| C= LtK What is the LoNG Run:TC, AC, MC TOTAL COST Average Total cost Marginal lost

A: Production Function : Q=L1/2K1/2 Cost of Labor=wage=1 Cost of capital=rental rate=1 Cost=wL+rK…

Q: The

A: This table shows three short - run cost schedules for three plants of different sizes and find long…

Q: At the end of the year, a firm produced 20,000 laptop computers. Its total costs were $10 million,…

A: The variable cost: The variable cost can be calculated as follows: Thus, the value of variable cost…

Q: 5. A firm's short-run cost curve is C(Q) : of b are cost, average cost and average variable cost…

A:

Q: In U-Shaped Average Total Cost Curve above Section 11.4 exhibit 2, why does AFC continue to fall…

A: Average fixed cost (AFC) refers to the total fixed cost (TFC) per unit of output AFC = TFC/Q Where Q…

Q: Q.2. (a) Define economies of scale and explain why they might arise. Define diseconomies of scale…

A: "Total costs (TC) are the sum of fixed and variable costs." "The total cost divided by the quantity…

Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…

A: Average cost is the cost of producing one unit of an output. Average cost is calculated as the ratio…

Q: A small company holds the total fixed cost of TL 45 and short-run average variable costs as given in…

A:

Q: Suppose a firm has a short-run cost function: C(9) = 1000 + 200g Question 3. 5q + 0.5g. What are the…

A: Variable costs are any expenses that change based on how much a company produces and sells. This…

Q: Assume a firm's short run total cost is STC = cSR = 10q + 10,/q + 10. Compute its marginal cost and…

A: Given  Firm's short-run cost function STC(q)=10q+10q+10             ... (1)

Q: Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, what is Average Total Cost (ATC)? A. ATC…

A: Average cost or unit cost is equal to total cost divided by the number of units of a good produced…

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…

Q: Assume quantities need not be integers. Marginal cost is MC(q) = 3 + (9/10) * q. What is average…

A: Integrating the marginal cost function with respect to q, to get the total cost function. Total cost…

Q: 23. The following table represents the short-run total cost schedule of an energy drink…

A: The total cost incurred by a firm in the short run includes fixed costs and variable costs. Fixed…

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: Question 22.22  The following cost data are for a firm in the short run:  Output  Total Cost 0 $400…

A: Average variable cost is the total variable cost per unit of output produce by a producer or firm.…

Q: Modified True or False: State whether each statement is true or false. If the statement is false,…

A: Answer to the question is as follows: