The firm has been working with variable cost of 100 dollars and it has fixed costs 100 dollars as well. What is the total cost of the firm.

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: If marginal cost is $69 and the change in output is 17 units  Calculate change in total cost

A: The information being given is as follows:- Marginal cost = $69 Change in output = 17 units  Change…

Q: Which of the following costs will not change as output changes? 1. A marginal cost 2. B. total…

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

Q: If the Marginal Cost for a product is found to be MC= 1500/15x+100' , and the cost of 80 units is…

A: We have, x= 80 Total cost = TC = $6000 at x = 80 Marginal cost, MC = 1500/ (15x+100) To find the…

Q: Economies to scale refer to

A: Companies benefit from economies of scale as manufacturing gets more efficient.Economies of scale…

Q: A bottling company uses two inputs to produce bottles of the soft drink Sludge: bottling machines…

A: Given  wage for labor w =$200 rent of machine r =$1000 At current level of production, the Marginal…

Q: Use the table to answer the uestion below: Quantity          Total Cost  0…

A: The cost for producing 0 units would be the fixed cost. Cost incurred irrespective of number of…

Q: If Boeing produces 9 jets per month, its long-run total cost is $9.0 million per month. If it…

A: Economics of scale: It refers to the situation when increasing production leads to falling per unit…

Q: Carolyn knows average total cost and average variable cost for a given level of output.  Which of…

A: TC is Given  AVC is Given Output Is given

Q: Calculate the Total Variable Cost, Average Fixed Cost, Average Variable Cost, Average total Cost and…

A: Total Variable Cost (TVC) = Total Cost (TC) - Total Fixed Cost (TFC) Average Total Cost (ATC) =…

Q: Fill in the blanks with: (a: rising) (b: at a minimum) (c: at a maximum) (d: falling) (e: constant)…

A: Marginal cost is the measurement of change in the total cost with the increment of one unit of…

Q: Cost A company buys and retails baseball caps, andthe total cost function is linear. The total cost…

A: Marginal cost shows the increment in the total cost by producing an additional unit of the cap.

Q: If average cost is $30 and the total cost is $900 What output must the firm have produced

A: Total Cost(TC) is the total amount incurred by the firm in production of given quantity. Average…

Q: The fixed costs of a firm are $100. When the firm produces one unit the total cost is $150. The…

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

Q: he marginal product of the 14 th worker is 8 and the firm sells its output for $4 per unit. If labor…

A: MP of 14th worker = 8 Output sell  = $4 per output

Q: A business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent…

A: In the short run, a firm will have two types of cost: fixed cost and variable cost.A).Total variable…

Q: At Jody's bakery they are currently selling 400 loafs of bread. It cost them $4,000 to buy an oven,…

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

Q: A firm's short-run cost function is C(a) = 240q – 69° + 0.6q° + 600. Determine fixed cost, F;…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Find total cost given that:- Fixed cost = $90 Variable cost = $45

A: The data presented in the question above is:- Fixed cost = $90 Variable cost = $45   Total cost is…

Q: Consider a small photography studio with 6 workers and 3 The total cost of labor and capital is…

A: In economics, the cost of production is defined as the expenditures incurred to obtain the factors…

Q: A firm producing 1000 units at a total cost of $5000, if it were to increase production to 1001…

A: "Input refers to the raw materials, factors of production or resources used in the process of…

Q: Austin's total fixed cost (TFC) is $350/month at his cupcake bakery.  Austin employs 10 workers and…

A: The amount of output produced determines the fluctuation in variable costs. Labor costs are one type…

Q: a small photography studio with 7 workers and 4 The total cost of labor and capital is $3,400. In…

A:

Q: Explain economies of scale and how to determine if a firm is experiencing it or not from their cost…

A: In a market, economies of scale is considered as one of the competitive advantage of a firm.

Q: Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…

A:

Q: Calculate marginal cost if change in total cost is $630 and the change in output is $17

A: The given information is as follows:- Change in total cost = $630  Change In output = 17 units  We…

Q: Give business examples of short-run costs, economies of scale, and minimum efficient scale (MES).

A: At the Mininum effiecient scale point, the company could achieve the economies of scale being…

Q: If accounting profit is $400000 greater than economic profit, what do implicit costs equal?

A: Implicit cost: A certain expense is any cost that has just happened yet not appeared or detailed as…

Q: Noel's sandwich shop incurs these costs while in business: $6,000 in wages, $2000 on leasing…

A: Sunk cost is the cost which is already incurred and cannot be recovered so using sunk cost in…

Q: Consider a small photography studio with 8 workers and 5 The total cost of labor and capital is…

A:

Q: Moris just opened a chocolate place, it costs her $500 per day to pay for workers’ wages and an…

A: here we calculate the total cost and break even quantity  so the calculation as follow-

Q: List several fixed and variable costs associated with owning and operating an automobile. Suppose…

A: The fixed cost is incurred whether an activity take place or not. The variable cost varies with the…

Q: Consider the following information on long run total costs: Output 1 2 3 4 5 6. 7 Total Costs 50 90…

A: Output Total Cost Marginal Cost ATC 0 0 0 0 1 50 50 50 2 90 40 45 3 123 33 41 4 160 37 40…

Q: For a restaurant that sells hamburgers, which of the following costs would be a variable cost? O The…

A: Variable cost is those cost which is not fixed in nature. These costs change in proportion to…

Q: Cost curves in the long run differ from cost curves in the short run.   This is true right.

A: YES the statement that "Cost curves in the long run differ from the cost curves in the short run" is…

Q: Lisa and Adam started a business that manufactures cutting tools. They sell the tools for $80 each.…

A: Use Formulas:   Total Variable Costs: TVC=VC x X   Total Costs: TC=FC+TVC   Total Revenue: TR=S x X…

Q: Fill in the blanks with: (a: rising) (b: at a minimum) (c: at a maximum) (d: falling) (e: constant)…

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

Q: If the marginal cost of production is greater than the average cost, in what direction must the…

A: If marginal cost is higher than average cost it means the slope of average cost will be higher than…

Q: Calculate the value of total cost when average cost is $35 and the no of inputs employed is 5

A: # Total cost is given by the product of average cost and the number of imputs employed in…

Q: Classify the following milk bar short-run costs as fixed cost or variable cost  Milk truck Fruit…

A: The short-run is the time period when there is at least one factor which is fixed and cannot be…

Q: Consider a small photography studio with 5 workers and 2 printers. The total cost of labor and…

A: The cost of hiring a worker is wage and the cost of using capital is rent. The sum of wage and rent…

Q: Explain graphically cost behaviour in a fixed size plant?

A: Fixed cost refers to the cost that the firm needs to bear always that does not change with the…