Suppose a firm produces 20 unit of output per month and has a total variable cost of R3000 per month. If its average fixed costs are R400 per month, what are its total costs per month?

Q: : The total variable cost of firm X is 100 and its total fixed cost is 20 TL. The firm produces 40…

A: Given information: TVC = 100 TFC = 20 Q = 40 We need to find AFC  The formula for AFC = TFC÷Q

Q: manufacturer produces certain items at a labor cost per unit o P 315, material cost per unit IS P…

A:

Q: If Mark produces five pairs of earrings, his total costs are   a. $370.  b. $360.  c. $320.  d.…

A: Answer- Need to find- If Mark produces five pairs of earrings, his total costs are Given in the…

Q: dc Find the total cost for the indicated value of q when is a marginal-cost function and fixed costs…

A: Given : dc/dq=0.12q2-1.5q+5.60 C=9000 q=20

Q: It is demonstrated that sometimes extensive diseconomies of scale, say, due to high transportation…

A: GIVEN   It is demonstrated that sometimes extensive diseconomies of scale, say, due to high…

Q: At an output of 20,000 units per year, a firm's variable costs are $80,000 and its average…

A: Given information: Total output produced: 20,000 units per year Total variable cost: $80,000 per…

Q: A shoe store sells 250 pairs of sneakers per month at a per-unit price of $115. This is the price…

A: Economic profit is the difference between total revenue and total cost. Total cost includes fixed…

Q: What is the price?  to make it breakeven

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

Q: Economists at Jensen Enterprises used time-series data to estimate the following total cost function…

A: TC(total cost) is the sum of TVC(total variable cost) and TFC(total fixed cost). AC(average cost) is…

Q: During the last few days the Superior Company has been running into problems with its computer…

A: Some basic concept of cost theory are  Total cost TC = total fixed cost FC+ variable cost VC.…

Q: $5,000 per month. Variable cost at the current evel of output of 100 tables per month is $10,0 Which…

A: A variable cost is a corporate expense that changes in proportion to how much a company produces or…

Q: Given that fixed cost=230 and variable cost=12Q; the total cost of producing 30 units of output is?…

A: Total fixed cost = $230 Total variable cost = 12Q Units = 30 units  Total cost = ?

Q: Gooey Bites sells snack packs for $3 per pack. Variable expenses involved in producing snack packs…

A: The total cost function is the aggregate of all fixed and variable costs incurred in the process of…

Q: A manufacturing plant that makes boomerangs has a fixed cost of $500/day and a variable cost of…

A: Given Data,  Fixed cost of $500/day. variable cost of $40/hr.

Q: The fixed costs for a company are $1,596.00 per month, and their variable cost per unit is $3.20.…

A: Fixed cost = 1596  MC = 3.20

Q: A company's cost function is given as:  TC=25+30Q+0.2Q^2   What is the equation for the company's…

A: In the short run, a firm incurs two types of cost: fixed cost and variable cost. Fixed cost (FC):…

Q: A firm’s only variable factor is labour and it produces a single product, X. It also has fixed…

A: In production process, average variable cost and average product are negatively associated because…

Q: 12. If average fixed cost is 40'and average variable cost is 80/for a given output, we then know…

A: Average total cost refers to the cost per unit. In other words, the average total cost is the sum of…

Q: A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³…

A: TC1 = 10q - 4q2 + q3  AC1 = TC1/q AC = 10 - 4q + q2 Average cost will be minimum when it's…

Q: Consider a company that has fixed costs of $9,700 and a marginal profit of $23 per item. What is the…

A: Here, given information is: Fixed cost: $9,700 Marginal profit: $23 per item To find: Average…

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…

Q: A firm estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2.…

A: Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total cost is TC = $2.5*L + $2*K + $.75*F. w =…

Q: Total fixed cost is 90, complete the following table: Output (Units). MC 10 20 15 AVC () -

A:

Q: In the short run , a firms total cost is $200 if it does not produce any units of output. Its…

A: When Q = 0, TC = TFC = $200, which stays unchanged across output levels. TC = TFC + TVC = TFC + AVC…

Q: Suppose the cost function is: C(q) 64.5g + 11600 %3D Using your average cost function, A(q) , find…

A: Cost function : C(q) = 64.5q + 11600 Average cost function, A(q) = C(q)/q = (64.5q+11600)/q = 64.5 +…

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: The Mexican company generates a production per unit of time, each unit has a fixed cost of $40.00.…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: If Mark produces five pairs of shoes, his total costs are   a. $400 b. $370 c. $360 d. $320

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

Q: TC = 144 + 27Q + 3Q2 What is the average fixed cost when 17 units are produced? Enter as a value.…

A:

Q: 11. For the cost function CIO) = 100 - 20 - 302, the total variable cost of producing 2 units of…

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

Q: Minimum efficient scale occurs at an output of 10000 d. 35000 22000 e. 43000 c. 28000   At which…

A: We are going to find the production level responsible for minimum efficient scale and diseconomies…

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

A: Total cost = Fixed cost + Variable cost Marginal cost = Change in total cost / Change in total…

Q: A firm's short-run cost function is C(q) = 10q - 12q² + O.5q³ + 400 %3D

A: GIVEN    C(q) = 10q-12q^2+0.5q^3+400

Q: Consider the following total cost function: TC = 1500 + 300Q -3602 + 203 What is the quantity that…

A: In order to find the quantity at which Marginal Cost is minimised, we will first find the MC…

Q: Canning companies sell one can at a price of 30 dinars, and the fixed costs are 400 thousand dinars…

A: Price = 30 fixed Cost = 400,000 Variable Cost = 10 Sales amount = 50,000

Q: Solve the attachment.

A: In the production process, there are different costs related to it, such as variable cost, fixed…

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

A: Given: Labor rate= tk. 3949.0 per worker Fixed cost=tk. 10630.0 per week

Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…

A: Disclaimer:- Since you asked multipart question we are solving the firs 3 subparts as per guidelines…

Q: A firm has the following average variable cost equation. AVC = 60 – 15Q+ Q? And the average total…

A: Average total cost is the sum of average variable cost and average fixed cost i.e., ATC = AVC + AFC…

Q: It is given that the total fixed cost incurred by the firm is $300 and the total variable cost is…

A: The addition of TFC and TVC gives the total cost incurred by the firm for a perticular number of…

Q: During the last few days the Superior Company has been running into problems with its computer…

A: 'A' is a total cost of 1 unit and we know the average total cost from the table for 1 unit and that…

Q: A business incurs the following costs per unit: Labor  $125/unit; Materials $45/unit and rent…

A: Total Variable Cost: It is the total cost incurred to purchase a variable factor of production, for…

Q: Al Mardoof Company paid different types of costs for different output levels as shown in the given…

A: From the graph, we can see that the variable cost is depicted by the Green line. The cost is on the…

Q: Which of the following is most likely to be a variable cost for a firm? an annual payment for…

A: Fixed cost does not depend on production whereas variable cost does. Variable cost increases with…

Q: Given below is a cost schedule of an automobile company operating in Kota Kinabalu. Total Product…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: The MARGINAL cost (in dollars) for a certain product is given by C'(x) = 18x + 3 . If the overhead…

A: Total cost of production is the cost expenditure incurred on the the production of the good or the…