Quantity produced Fixed Cost 6,000 6,000 Number of workers Variable Cost 1,000 1,900 2,700 3,400 1 500 2 6,000 1,000 3 1,500 2,000 2,500 3,000 6,000 4 6,000 4,000 6,000 6 4,500 6,000

Q: Total fixed cost is $300 and total variable cost is $700 Calculate total cost

A: The given information is as follows:- Total fixed cost = $300 Total variable cost = $700 We have to…

Q: Tolal Fbed Total Varlable Cost Tatal Total Cost Cost Variable Cost Flved Cost Product Cast 60 00 45…

A: FIXED cost is independent of output produced thus the required fixed cost is $ 60 whereas variable…

Q: Joe quits his computer programming​ job, where he was earning a salary of$70,000per​ year, to start…

A: Accounting cost is the cost that is seen as money out from the bank account and recorded in the…

Q: What is the avg variable cost of the second unit produces? Quantity total cost 0 20 1 25 2 35 3 50

A: Total Cost is the sum of fixed cost and variable costs. Total Cost=Total Fixed Cost+Total Variable…

Q: Firm Measures: Productivity, Costs, Revenues, and Profits Labor Total Product (TP) Fixed Cost (TFC)…

A: The marginal product of labor (MP) refers to an increase in total production when one additional…

Q: Bags/Participants Fixed Cost Variable Cost Total Cost 0. $1,700 $- $1,700 100 $1,700 $500 $2,200 200…

A: At breakeven point there is no profit or loss. At breakeven point, total revenue is equal to total…

Q: The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16 for…

A: Cost is the expenditure incurred by firms on the production of goods and services.

Q: The average cost is $13 and the output produced is 10 units Calculate total cost

A: The average  cost is the cost per unit of output. Total  cost is the total expenditure that keeps on…

Q: Total variable Total Average variable Output Average total cost Total Average fixed cost Marginal…

A: Here, different cost functions of a firm is given for different output level.

Q: A firm is thinking about consolidating its mobile battery assembly in one location. The leading…

A:

Q: Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for…

A: Average Fixed Cost, AFC = Fixed Cost / Output Average Variable Cost, AVC = Variable Cost / Output…

Q: Variable Average Average Average Marginal Total Total Cost Fixed Cost Profit Cost Total Cost…

A: Answer to the question is as follows:

Q: H.W 7/ For the following data: Fixed cost = 100,000 ID Variable cost per unit = 300 ID Selling price…

A: Break-even point (BEP) is that point where the firm is making zero economic profits, i.e. where the…

Q: antity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost…

A: TC = FC + VC VC = TC - FC MC = (TC2 - TC1)/(Q2 - Q1) AVC = VC / Q ATC = TC / Q

Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000…

A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas…

Q: Output Total Variable Marginal Variable Fixed Total (Q) Fixed Cost Cost Total Cost Cost Cost Cost…

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

Q: Find the value of X. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000| $1,000…

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

Q: Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for…

A: Average Fixed Cost = Fixed Cost / Quantity Average Variable Cost = Variable Cost / Quantity Average…

Q: Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of…

A: The measure that depicts the point total cost is in turn equal to the total revenue is known as the…

Q: A local nursery, Greens, uses 1,780 bags of plant food annually. Greens works 52 weeks per year. It…

A: Please find the answer below.   ECONOMIC ORDER QUANTITY (EOQ): Economic order quantity (EOQ) is the…

Q: For each term, explain the definition or calculation, and explain this concept to someone who is…

A: Cost of production is the total cost that a firm or a business incurs for the production of goods…

Q: How would the following cost be classified? Rent that would be received if an owned building were…

A: In economics, costs are classified based on their impact on an individual such as direct cost or…

Q: able 11-6 Quantity of workers Quantity of foot massages per day Fixed cost Variable cost Total…

A: We have per day fixed cost of message booth..

Q: 1. Economies and Diseconomies of scale 2. Graph of marginal cost, average cost and average total…

A: Hi! Thank you for the question but as per the guidelines, we only answer one question at a time.…

Q: Total Cost Output 1,000 2,000 2,800 3,500 4. 4,000 4,500 6. 5,200 6,000 8. 7,000 Refer to Table 5.1.…

A: We have to find average total cost.

Q: A shirt manufacturer can produce 800 pieces of shirts in a week at a total cost of $6400, and 1600…

A: Marginal cost measures the change in total cost that occurs when there is a change in the output…

Q: Output quantity Total variable cost Total cost 0 $0 $250 25   450 50 300 X 75 375   100 600 850 125…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…

Q: ABC Company issued a payment for the suppliers of raw materials they used in producing their goods.…

A: Fixed cost is the costs that needs to paid every month or year whether the production process is…

Q: Fill in the remaining cells of the table. (Note: If a value is a decimal, round to the nearest…

A: MC = Change in TC / Change in Q AFC = TFC / Q AVC = TVC / Q ATC = TC / Q Q TFC TVC TC MC AFC AVC…

Q: Total cost = $4500 fixed costs = $2000 variable cost = ?

A: In the production process, different inputs are used to produce the final output. Each input has its…

Q: The firm has been working with variable cost of 100 dollars and it has fixed costs 100 dollars as…

A: Given variable cost of the firm = $100 Given fixed cost of the firm = $100

Q: _________ refers to the additional cost spent to produce one more unit of the product. a. Marginal…

A: Money cost is the nominal cost and the cost that is spent by the firm in producing the commodity.…

Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…

A: The total cost of producing pens = $100 Variable costs of producing pens = $25

Q: Total Marginal Cost (using total cost) Quantity Variable Marginal Cost Cost Cost (using variable…

A: Fixed cost of production is that portion or part of firm's costs which remains same at each level of…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…

A: The fixed cost is the cist which remains the same at all the levels of output for the firm. When the…

Q: Average cost is $100 and the output is 70 units Calculate total cost

A: The information given to us is as follows:- Average cost of the firm = $100 Output of firm = 70…

Q: • Total revenue $ 500,000• Wages and salaries $ 40,0000• Forgone salary $ 80,000• Interest paid $…

A:

Q: Find the value of B. Quantity Total Cost $5,000 Fixed Cost Variable Cost $1,000 $1,000 |Average…

A: Fixed cost (FC): - it is the cost incurred on the fixed capital assets like land, building,…

Q: Need answers ASAP... Which of these costs is considered as the most important cost because if it is…

A: The firm produces goods and services and incurs cost including fixed cost and the variable cost.The…

Q: utput (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost…

A: The firm is operating in the short run.

Q: Quantity Average Fixed cost Fixed Cost Total Total Average Variable Total Cost Average Total cost…

A: A company must bear two forms of costs while production, variable costs and stuck costs. Variable…

Q: produce instructional materials for disabled children in public school districts. The owner rents…

A: Total fixed cost is independent of output produced.

Q: Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500…

A: Bags/Participants Fixed Cost Variable Cost Total cost Marginal cost Marginal  Revenue 0 1700 -…

Q: Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average…

A: When some product is manufactured, cost  takes place and process of business gets accelerated.…

Q: 2. Find the volumes over which each site for making a product is the lowest cost. Site Fixed…

A: Given: Site Fixed Variable 1 20000 18 2 10000 23 3 32000 166 4 35000 20

Q: Find the value of A. Quantity Total Cost $5,000 Fixed Cost Variable Cost Average Total Cost Average…

A: The sum of fixed cost and variable cost makes total cost.

Q: le production schedule for Great Balls of Fire, a food truck that sells alls of Fire has a lease on…

A: Here, the given table shows variable cost and total cost of a firm using which one can concourse the…