Marginal cost is given by 20 + 10Q- 12Q2. Fixed cost is 100. What is the average cost? O A. 100 -3Q2 + 20Q + 20 + 20 O B. 8.-4Q2 + 5Q+ 80 + 20 OC 3Q2 + 10Q+ 80+ 100 O D. 4Q2 + 5Q+20+
Q: 1. Based on the above table, does the firm operate in short run or long run?WHY? 2. Based on the…
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Q: $ Total Cost 100 140 Quantity 160 190 4 240 300 370 450 550 Refer to the above information to answer…
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Q: Refer to Figure 5.1. On the graph that shows total costs, what is the level of variable costs when 6…
A: The value of money that in turn has been used up for producing a good or delivering a service, and…
Q: on what you paid for the ticket, hased on sunk cost fallacy? O No, because the we naid
A: A ‘sunk cost’ refers to money that has already been spent and that cannot be recovered. In business,…
Q: When a firm increases its output by one unit, its average total cost (AC) decreased, this implies…
A: The cost that depicts the total cost of a product or service that is being divided by the number of…
Q: Marginal cost can be defined as the: O Change in fxed costs resulting from one more unit of…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: The formula for total fixed cost is Select one O A TFC TVC-TC O B. TFC-TC/TVC C TFC=TC-TVC. O D…
A: Total Fixed cost (TFC) is the cost that is incurred on fixed factors and does not change with the…
Q: a. Calculate the marginal cost and average variable cost for each level of production. b. How much…
A: A perfectly competitive market is a hypothetical market which shows following characteristics:…
Q: Hannan's pizza shop currently produces 100 pizzas per day and sells them for a profit. She is…
A: Option a can be eliminated because the reason doesn't account for future profitability. It doesn't…
Q: . Marginal Cost Suppose the monthly total costfor the manufacture of 19-inch television sets isC(x)=…
A: The total cost shows the market value of inputs used by the firm in the production of goods and…
Q: Suppose Joann knows the average total cost of producing 9 gallons of ethanol is $5, while the…
A:
Q: Total Total Cost Output 1,000 2,000 2,800 3. 3,500 4 4,000 5. 4,500 5,200 7 6,000 8 7,000 Refer to…
A: MC= (TCn -TCn-1)/Qn-Qn-1AC = TC/Q.
Q: 28 - : Total variable cost of firm X is 100 and total fixed cost is 20 TL. The firm produces 40…
A: The process of production uses various inputs and converts them into finished goods using production…
Q: 41. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?…
A: Average fixed cost = total fixed cost /quantity of units produced So, Total fixed cost =20*6…
Q: Marginal cost is given by 12 e5Q Fixed cost is 56. What is the total cost? O A. 24e0.5Q + 32 O B.…
A: MC=12e0.5QNow,TC=∫12e0.5QdQ=12∫e0.5QdQTC=12×e0.5Q0.5+FCTC=24e0.5Q+56
Q: a. (A-Marginal Cost, B-Average Variable Cost, C-Average Total Cost) O b. (A-Average Total Cost,…
A: Total fixed cost divided by output gives the average fixed cost. Average variable cost equals total…
Q: What is the diference between accounting proft and economic profit? OA Economic profit subtracts…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: total cost is $ c. At the optimal level of output, total revenue is $ and profit is d. If the…
A: whether it is perfect competition or imperfect competition market the condition for equilibrium is…
Q: When the marginal cost curve is above the aveny O rising O falling O coastar O at ts oi O aponal to…
A: Marginal cost is the expense that is incurred by a business firm when it produces additional unit of…
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A: For achievement of the “best” design that is being relative to a set of constraints or criteria that…
Q: are likely a fixed cost of a firm. O a. The payments for supplies O b. Travel expenses to meet with…
A: Costs which are fixed in short run is called fixed cost.
Q: Total Total Cost Output 1,000 1 2,000 2,800 3,500 4 4,000 4,500 5,200 6,000 8 7,000 Refer to Table…
A: Marginal cost is the change in total cost due to change in output. Average total cost is the total…
Q: Total cost is calculated as Lütfen birini seçin: O A. the sum of average fixed cost and average…
A: Sum of average fixed cost and average variable cost is the average total cost. The sum of all the…
Q: Marginal cost can be defined as the: O Change in fixed costs resulting from one more unit of…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Assume a firm has the long run total cost presented in the table below. Output TC $8 $14 $18 4. $20…
A: The total cost of production is defined as the amount in monetary terms a firm incurs when it…
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A: Implicit Cost is the imputed cost, which is also referred to as opportunity cost that is given up by…
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A: When a firm or individual makes a payment to someone else, in the form of salary or rent, etc. It is…
Q: Consider the three figures below, depicting possible cost functions for a firm. The horizontal axis…
A: The summation of all of the costs being incurred in the production for a specific output level by a…
Q: If the Marginal Cost MC = 130 + 0.6Q2 , and the Fixed costs are 40, then the Total Cost is TC =…
A: Answer: Given, MC=130+0.6Q2Fixec cost=40 Calculation: TC=∫MC…
Q: MC ATC 20 -MR 16 14 22 Firm 30 40 At what level of output is average total cost minimized? 30 22 14…
A:
Q: Marginal cost is given by 12 e0.5Q. Fixed cost is 56. What is the total cost? O a. 6e0.5Q + 56 O b.…
A: Given MC = 12e0.5Q FC = 56
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A: Oppurtunity cost is defined as the cost incurred by any individual when benefits associated with the…
Q: What is the relationship between economic and accounting profit? O a. Economic profit may be equal…
A: Economic profit is the amount of money left over after all costs, both direct and indirect, have…
Q: Output TFC TVC TC MC ATC A 25 25 ------ ------ B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4…
A: The marginal cost is the cost of producing an additional one unit of output. It is calculated by…
Q: Average total cost equals O a. change in total costs / quantity а. produced O b. (fixed costs +…
A: Total cost is defined as the sum of all the expenses being incurred by the producer on order to…
Q: Marginal cost is given by 20 + 10Q – 12Q². Fixed cost is 100. What is the average cost? 100 3Q? +…
A: Marginal cost is the additional cost incurred on the production of one extra unit of output. Average…
Q: Compare the average total cost and the marginal cost and explain the relationship Describe the…
A: Total cost(TC) is the cost(C) incurred while producing total output(Q). Average cost(AC) is the…
Q: In the above figure, curve A is the curve and curve Cis the _ curve. O A. total cost; total variable…
A: Total cost is the overall cost incurred in production, it is the sum of total fixed cost and total…
Q: How do you derive the marginal cost (MC) curve of a firm? b) How are average variable cost (AVC) and…
A: Marginal cost is the additional cost that is incurred in order to produce an additional unit of an…
Q: A firm has a fixed production cost of $1,000 and a constant marginal cost of production of $700 per…
A: Given that, Total fixed cost (TFC) = $1,000 Marginal cost (MC) = $700 1)Total fixed cost remains…
Q: Total Total Average Average Output Fixed Variable Total Variable Total Marginal (Q) Cost Cost Cost…
A: The formula is: ATC=TCQ TC=900 Q=150
Q: roduction, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the av…
A: The given table is completed as follows:
Q: Total Total Average Average Fixed Variable Total Variable Total Marginal Output (Q) Cost Cost Cost…
A: Marginal cost is the additional cost incurred with an additional unit produced.
Q: Is a type of cost which does vary with the unit of production and will change with the number of…
A: cost refers to the monetary worth of products and services purchased by producers and customers.…
Q: Marginal cost is given by 30 + 20Q- 12Q2. Fixed cost is 100. What is the average cost? 30 OA 3Q +…
A: Answer- Need to find - Avg. cost Given in the question- Marginal cost = 30 + 20Q - 12Q2 Fixed cost…
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A: Total cost is the sum of variable cost and Fixed cost, total cost shows how much cost incurred in…
Q: Labor Output (units per week) (workers per week) 1. 20 50 3 70 4. 85 5. 95 6. 100 The table above…
A: Marginal cost: - marginal cost is the cost incurred in the production of an additional quantity of…
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- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?You are setting up a new production line for a new type of delivery drones. You observed that the cost for the 10th unit was $5384.97 and the cost for the 80th unit was $3079.05What is the K for the learning curve model of this production line?
- Consider the following cost information for a pizzeria:Quantity Total Cost Variable Cost0 dozen pizzas $300 $0I 350 502 390 903 420 1204 450 1505 490 1906 540 240a. What is the pizzeria's fixed cost?b. Construct a table in which you calculatethe marginal cost per dozen pizzas using theinformation on total cost. Also, calculate themarginal cost per dozen pizzas using the inforpmation on variable cost. What is the relationshipbetween these sets of numbers? Explain.he fixed costs for a certain item are $205 per week. The fixed cost is the y-intercept. The cost to produce each item is $4 per item.Using this information, what is the cost equation? Give your answer in slope-intercept form:y= The retailer intends to sell each item for $15/item.Using this information, what is the revenue equation? Revenue is the amount of money the retailer gets. Give your answer in slope-intercept form:y= f 21 items are made, what is the total cost to the retailer? What is the revenue from selling 21 items? Finally, what profit did the retailer make when they sell 21 items? Note: Profit = Revenue - Cost.Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980
- The lawn ranger , a landscaping company , has total costs of $5,000 and total fixed cost of $3000 .The lawn ranger's toal variables cost are a. indeterminate because the firm's output level is not known.b. $3,000.c. $5,000.d. $2,000.A company makes solar panels. The company’s revenue function, in dollars, is R(n)=10n , where n is the number of panels produced. The cost function is C(n)=100(2)π/30 . R and C are shown on the graphbelow. a) Estimate from the graph i) the break-even points ii) the number of panels that should be produced for maximum profit b) Write the equation for the profit function P. c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? ii) the cost function is C(n)=100(2)π/35 changed to ? f) What does the number that was changed in part e) ii) represent?A company produces two products. FC = Total Fixed costs = $580VC1= variable costs from product 1 = $920VC2= variable costs from product 2 = $805TR1= revenue from product 1 = $900TR2= revenues from product 2 = $900In the short run, what should the firm do? a.Produce product 1 but not 2 b.Produce neither c.Produce both d.Produce product 2 but not 1
- Last year, a company introduced a new version of its main product. The product costs $24002400 to develop (i.e. the start up costs) and $3535 to manufacture each product. Do all the following problems on your page: i) Give a linear equation in the form C(n)=mn+bC(n)=mn+b that gives the total cost to produce nn of these products. Give your answer in function notation. No steps or work are required, just give the function. ii) Find the total cost to produce n=3500n=3500 of these products. Show what numbers you used in your arithmetic calculations. Use function notation in your work. Answer in a complete sentence form with units and context. iii) If the company has $5315053150, how many of these items can be produced? Use function notation in your work. Answer in a complete sentence form with units and context.34- 34 - : If firm X produces 20 units of product with a total cost of 100, what is its average cost? a) 2nd B) 120 NS) 80 D) 5 TO) oneWhen Yennefer produces 18 spells her average total cost is $35.69 and her fixed cost is $180. What are her variable costs?