If the average variable cost of producing 5 costumes in Kira’s Costume Shop is $50, and the fixed cost of the shop is $100, what is the total cost for 5 costumes?

Q: Cups of FroYo Workers Labo r Cost Other Variable Input Variable Total Average Average Average Cost…

A: total cost is defined as the sum of all the expenses incurred by the producer to produce goods.…

Q: a. Complete the following table and answer two questions about costs. Instructions: Enter your…

A: Here we calculate the following terms by using the given information , so the calculation of the…

Q: Using the numbers representing short run costs in the chart below, calculate the number that belongs…

A: We have blank for MC at q=5.

Q: Sarah's copy shop can use four alternative plants. The figure shows the average total cost curves…

A: Answer -  Long run average cost curve - The long-run average cost curve shows the cost of producing…

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

A:

Q: Draw the short run total cost curve (show the total cost, fixed cost, variable cost). Where the…

A: Formulas to be used:TC = VC+FCATC = TC/QAVC = TVC/QAFC = TFC/OMC = TCn - TCn-1

Q: customers there while you golf. Why do you think a miniature golf course would stay open during the…

A: *answer:

Q: See the cost information in the table below. The marginal cost of the 6th unit is Quantity…

A: The marginal cost of a good refers to the increment in the total cost when an additional unit of a…

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

A:

Q: Which of the following does not change with the level of output? O Total variable cost O Total fixed…

A: There is an inverse relationship between output and average fixed cost. When an increase in output…

Q: The table gives costs at Ahmad's Bike Shop. Unfortunately, Ahmad's record keeping has been…

A: Labor (workers) Output (bikes) Total fixed cost (dollars0 Total variable cost (dollars) Total cost…

Q: In the short run marginal cost crosses average total cost at the minimum of average total cost True…

A: According to the given question Simply a Short run period is that period in which the other factors…

Q: e) In the following diagram of cost curves, how many short runs have been created? State and explain…

A: Average short run curve: It refers to the curve which is a U shaped curve. It decreases the average…

Q: How are the marginal cost curve and average variable cost (AVC) curve related? Explain why the AVC…

A: Marginal cost is defined as the extra coat a firm incurs by employing an extra unit of input.

Q: Illustration 1. Total Fixed Cost is 90, complete the following table: Average Variable Cost (E)…

A:

Q: 66. Which of the following cost curves is never U-shaped? A. O Average cost curve В. Marginal cost…

A: Which of the following cost curves is never U - shaped.

Q: The shape of the Total Product curve on the production side gives us the shape of which curve on the…

A: Total product curve represents   the total output of a firm in the short run.

Q: A. Graph total fixed cost, total variable cost and total cost B. Explain how the law of diminishing…

A: Answer A. TVC + TFC = TC Both TC and TVC run in concurrently. The x-axis of TFC is parallel. At zero…

Q: What is the shape of the average variable and average total cost curves and average  fixed cost?…

A: One of three average curves is the average variable cost curve. The average variable cost curve is…

Q: BONUS: Explain precisely why in the short run the Marginal Cost curve intersects the Average Cost…

A: Minimal cost (MC) is the additional expense brought about when an additional one unit of output is…

Q: When a toy factory makes x dolls a day their total cost is C(x) = 50 + 9x + 0.02x² dollars. What is…

A: ANSAverage Cost (AC) is the per unit cost of the output. It is obtained by dividing the Total Cost…

Q: how do you find the total fixed cost if you don't know total variable cost

A: To determine the TFC of the whole table, we just need to find TFC of any quantity because TFC…

Q: Mention and explain the cost components certainly do not exist in the long run?

A: The cost components include fixed costs and variable costs.  Variable costs are the costs which vary…

Q: Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day…

A: The variable cost is $60 per worker a day. At 90 units of output (i.e. when 90 cars are washed in a…

Q: Output (gall ons of ice cream per hour) Total cost (dollars) 1 1 3 3 4 8. 11 The Jerry - Berry Ice…

A: Fixed cost is the cost at 0 output and average fixed cost is the fixed cost divided by output.

Q: n the following questions take Q as 10. . Name the curves in the diagram. A B C . What is the amount…

A: Since you have asked multiple questions, we will answer only the first question for you. If you have…

Q: Hi there can you please assist on the following question . Fill in the missing figures Output…

A: Marginal cost is the ratio of change in total cost to change in quantity. It means as quantity rises…

Q: What is the Difference between Fixed Costs, Variable Costs, and Marginal Costs? How does one…

A: Average cost is total cost divided by total production while marginal cost is the change in total…

Q: Complete the table as below: Where, TC= TOTAL COST, TFC = TOTAL FIXED COST, TVC= TOTAL VARIABLE…

A: The table requires various formulas which are listed below.  TVC= TC- TFC Where TFC remains constant…

Q: Total cost Labor (workers)| Output (frijoles) (dollars) 1,000 1,000 3,000 10 3,000 5,000 15 4,000…

A:

Q: Can total cost of the firm be zero? if yes what's the production point at this level

A: Total cost of the firm is the combination of fixed cost of the firm such as rent of the workplace…

Q: QUESTION 10 Table 13-5 The Flying Elvis Copter Rides Quantity Total Cost $50 $150 G M Fixed Cost 350…

A: The average fixed cost (AFC) is the fixed cost that does not change with the change in the number of…

Q: In the short run, a firm's total costs of producing 100 units of output equal $10,000. If it…

A: The firms, and businesses are the entities who are involved in the production activities, and the…

Q: What is the total variable cost of 2 oil changes?

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

Q: Using the numbers representing short run costs in the chart below, calculate the number that belongs…

A: Total fixed cost is the addition of fixed cost and variable cost. Fixed cost is cost which remains…

Q: Short answer Explain the fixed cost and the variable cost with examples

A: In the field of economics, it is assumed that firms work towards maximizing their profits. The firms…

Q: 4) What is the total variable cost?

A:

Q: Question attached

A: The long-run average cost curve is a concept which measures the level of the cost incurred by the…

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: Solve the attachment.

A: Answer: Long-Run Average Cost (LAC) can be defined as the average of the Long Run Total Cost or the…

Q: Three college students are considering operating a tutoring business in economics. This business…

A: A) $9,000 (facility rent + insurance) B) $0.50 per hour (materials & supplies)

Q: QUESTION 2 A firm is considering changing its plant size. It calculates the amount of output it…

A: Answer: Diseconomies of scale: diseconomies of scale occur when due to an increase in the quantity…

Q: how do you find total fixed cost?

A: Sellers must incur costs while producing goods and services by making a variety of factor payments…

Q: This chapter discusses many types of costs:opportunity cost, total cost, fixed cost, variable…

A: Cost is the expense incurred when a good or service is produced.

Q: If the marginal cost is increasing, do you know whether average variable cost is increasing or…

A: Marginal cost is U shaped and average variable cost is also U shaped.

Q: How and why does a firm’s average-total-cost curve differ in the short run and in the long run

A: Short-run period is that period of time in which a firm can change its level of output by only…