Marginal cost is plotted (as an approximation) halfway between successive units of output. a. True O b. False

Q: Question attached

A: Profit-maximizing level: It refers to that level in which the firm can produce the maximum profit.…

Q: Completed 58 out of 60 uestion 31 of 60 If output falls below equilibrium, marginal cost will be…

A: The output falls below equilibrium then there is a shortage where Qd>Qs and the marginal cost is…

Q: of scale. As Big Jake Lumber expands, the cost of shipping the lumber drops sharply. This is an…

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Q: 39. What do you call that COST which is nat usually thought of at a coST? A. Explicit Cost B.…

A: When making any activity, there used to be some cost associated with it thay is classified into…

Q: A firm's average fixed cost (AFC) is 10 when it produces Q-2. Then at Q-5, AFC is .. O A. 8 O B. 2…

A: average fixed cost is the cost per unit , so we can find the answer of the following as follow-

Q: otal cost is equal to average cost times marginal cost. a. True O b. False

A: Answer - True Total cost is equal to average cost times marginal cost.   Explanation Total cost is…

Q: As output increases, total fixed cost A. increases; decreases B. does not change; decreases C.…

A: total cost is the cost which is incurred by producer for production by using all fixe and variable…

Q: You produce and sell Cillipods. Your average cost (in dola Cillipod) for manufacturing q Cillipods…

A: TC = q x AC = q3 - 30q2 + 5000 MC = dTC/dq = 3q2 - 60q

Q: n firm has total cost of TC(y)=y² +1 and marginal cost of MC(y)=2y. At what level of output does the…

A: total cost (TC) is the minimum dollar cost of producing some quantity of output. This is the total…

Q: George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are…

A: In production activity, break-even point is the point where the firm is earning zero profits. That…

Q: dTC = 25 + 30Q – 9Q² dQ MC = and fixed cost, FC = 55 , find the (i)total 6. Given marginal cost,…

A: According to the question MC = 25 + 30Q – 9Q^2 and FC = 55

Q: What is the marginal cost associated with praducing three units of the control variable, O (dentify…

A: Marginal Cost can be defined as additional cost incurred due to production of one more unit of…

Q: As the quantity produced increases, then a. variable cost always decreases b. average fixed cost…

A: Total cost is defined as the sum of all exposed being incurred by the producer in order to producer…

Q: The law of diminishing returns explains diseconomies of scale O True False

A: A production function illustrates the relationship between the output produced in a production…

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: Marginal cost is given by 20 + 10Q- 12Q2. Fixed cost is 100. What is the average cost? O A. 100 -3Q2…

A: Marginal cost means the cost incurred by the producer for producing an extra unit of commodity. and…

Q: Output TFC TVC TC MC ATC A 25 25 --- --- ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

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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: Which of the following statements is true? a. If the marginal cost curve is above the AFC curve, the…

A: The AFC curve continues to fall with rise in output. The AFC curve is in decreasing shape. Average…

Q: As a firm expands its output, its average fixed cost does which of the following? O It declines…

A: Average Fixed Cost is the total fixed cost per unit of output.  AFC = TFC/Q

Q: A house cleaning business operates using a car. All data in $s. Monthly costs of car lease is 345,…

A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods…

Q: Solve the attachment.

A: Marginal cost is the addition to the total cost due to the production of an extra unit of output,…

Q: .If total cost is increasing, marginal cost is positive. a. True O b. False

A: # Total cost is the sum of variable and fixed cost incurred by a firm.  At the same time, the…

Q: 1. The cost of producing 5 gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000.  If 2000 5…

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Q: iven - p=35−0.5QTC=0.5Q2+5Q D)What are the break-even quantities? E)What quantity minimizes total…

A: Given Demand function: p=35-0.5Q   ......... (1) Total cost function: TC=0.5Q2+5Q     .......... (2)…

Q: d. Which worker(s) are in the region of diminishing marginal returns? e. Which worker(s) are in the…

A: marginal cost is the extra expense caused by the creation of another unit of a decent or…

Q: QUESTION 9 If the marginal cost is above the average cost, the average cost must be: Oa. increasing.…

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

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: Please see the attached two pictures, one for the graph, and the other for the questions.

A: In the third part of this question, which was uploaded in the previous link, there is a correction.…

Q: For any given level of output Select one. O A. marginal cost must be greater than average cost B.…

A: We know that the relationship between MC and AC is as follows -  When MC<AC, AC is falling, When…

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…

Q: For any given level of output Select one O A marginal cost must be greater than average cost ов…

A: We know that the relationship between MC and AC is as follows -  When MC<AC, AC is falling, When…

Q: If a firm has an accounting profit it must have an economic profit. O True O False

A: Profit = total revenue - total 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: 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: An Accountant would say that total costs equal out-of-pocket costs plus opportunity cost. O True O…

A: Economic cost is the sum of out of pocket expenses and opportunity cost  Accounting cost is out of…

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: Quantity (number ofFixedVariable Total Marginal Costs Costs Costs Costs ($) units) ($) ($) ($) 1 10…

A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…

Q: is t possible for accounting profit to be positive and economic profito be negative? OA No, economic…

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

Q: If total cost is equal to total revenue, then profit is equal to zero. a. True O b. False

A: # The point where the marginal cost and the marginal revenue of the firm intersect each other this…

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: Revenue and Cost The total weekly revenue functionfor a certain digital camera is given by R =…

A: Part a) Profit is given as total revenue minus total cost. Profit (P) = 550x - 10000 - 30x - x^2 =…

Q: (iv) How many 750ml bottles of dish washing liquid should Teddy J produce per month if he wishes to…

A: Profit maximizing quantity is when marginal revenue MR = Marginal cost MC. To find the quantity…

Q: The concept of marginal cost is best described by which of the following? Mr. Creosote meets a wafer…

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Q: How profit is different from the incorporating normal profit and when the normal profit is into…

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Q: e. When output is 5, marginal cost is

A: Marginal Cost(MC)= change in total cost(∆TC) ÷ change in quantity(∆Q)

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: 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…

Q: As output increases, marginal costs willeventually incrense a average total cost increases O…

A: As there is an increase in the level of output, there comes a rise in the level of marginal cost…