The firm producing 7 units  iPhone in a hour and cost of producing it at $250 What is firm total cost of production.

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: Use the table below to answer the following question. Units of Output Total Fixed Cost Total…

A: Marginal cost is the change in total cost due to per unit change in production. MC cuts AC curve and…

Q: Output      Total Cost  0               $4.00  1               $7.00  2               $8.00  3…

A: The main objective of any firm is profit maximization and a firm maximizes its profit by producing…

Q: Give the formulas for average fixed cost (AFC), marginal cost (MC), average variable cost (AVC), and…

A: Average fixed cost = Fixed cost / quantity Marginal cost = Differentiating the total revenue…

Q: The 50th worker produces fewer additional units of output than the 49th worker does.’ Based on the…

A: The Marginal cost is the change in total cost when one additional unit of input is used. The average…

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

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

Q: (Table) Based on the table, Output is the marginal cost when moving from forty to forty-eight units.…

A: TFC=$500 TC=TVC+TFC MC=Change in total costChange in output

Q: Nimbus Ltd. makes brooms and then sells them door to door. Here is the relationship between the…

A: The cost table, a) Marginal product = Change in total product/ Change in the number of workers At L…

Q: Marsha made an extensive study into the cost function of the dining halls on the A&M campus. She…

A: Marginal cost is the additional cost incurred when one more unit of output is produced. It is the…

Q: Mark's coffee shop has the production function, q=4K0.5L0.5. If the price of labor, L, is 5 and the…

A: "In economics, a firm produce quantity such that it maximizes it's profits and minimizes it's cost…

Q: Why do Economies of Scale Occur? A. Large firms cover their fixed costs by producing lots of units…

A: Fixed cost is constant and remains same at all levels of output. Average cost refers to total cost…

Q: You are an employer seeking to fill a vacant position on an assembly line. Are you more concerned…

A:

Q: FarFlung make computer keyboards. They use both labour, L, and materials, M, in their production of…

A: Q = LM Q = 160,000 MPL = dQ/dL = M MPM = dQ/dM = L

Q: Quantity Total Fixed Cost 0. 60 60 60 115 4 60 130 6. 60 160 8. 60 200 10 60 250 Using the above…

A: Fixed costs (FC) are costs incurred during production that are not dependent on the quantity of the…

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: The marginal cost of producing the xth box of light bulbs is 4+ dollars per box. Determine how much…

A: The total cost of production refers to the monetary value of all the final inputs used in the…

Q: The total cost (in dollars) of producing x food processors is C(x) = 1600 + 40x – 0.7x². (A) Find…

A: (A) Given:C(x)=1600+40x-0.7x2Now,Exact cost of producing the 21st food processor is:Cost of 21st…

Q: what is the cost stucture of a monoply? what is the cost structure of Microsoft? illustrate the cost…

A: Monopoly is the who charge higher price and make high profit . Their AC is also low

Q: Using the below table, calculate the marginal product and identify where the producer should halt…

A: The total product is the total amount (or volume) of output produced with a given amount of input…

Q: Pick up the element of the cost from the following: Select one: a. direct material b. direct labor…

A: There are various types of costs that are incurred during production process.

Q: The production cost for a firm is given in the table below, calculate the marginal cost of producing…

A: Marginal cost is the additional cost of producing each additional unit of output.  Marginal cost =…

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

A:

Q: The government imposes a $1,000 per year licensefee on all pizza restaurants. As a result, which…

A: Costs are the expenses incurred by a firm in the production of its output. In production, there are…

Q: Prunella raises peaches where Lis the number of units of labor she uses and T is the number of units…

A: An isocost line is a curve that depicts numerous input combinations that cost the same total amount.…

Q: Compute the long-run costs in the following table. The price per unit of capital is $50 and per unit…

A: Given: Price per unit of capital=$50 Price per unit of labor=$30 The durable goods that are being…

Q: A firm producing the goods by using machinery costing $100 and additional cost of producing…

A: Given fixed costs = $100 Given variable costs = $2

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: The data in the table is for a firm in which labour is the only. variable cost and each unit of…

A: Formulas used : TP = AP × Q  MP = TPn - TP n-1  AVC = TVC / Q MC = TC n - TC n-1  Also this is given…

Q: Paige runs a ferret farm in Athens, Georgia. Paige pays $1500 a week for equipment and $800 a week…

A: Total cost is a sum of fixed cost and variable cost. Variable cost here is the labor cost and fixed…

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

A: It is given that -  C(q) = 0.005q2 + 2q + 1000 and it is given that q = 2000 units.

Q: From the information given in the table, calculate the marginal cost of the 3rd unit of output.…

A: Marginal cost measures the change in total cost due to change in output produced.  Marginal cost =…

Q: The marginal cost of a company is MC = 100 – 20x + x² %3D 2006 and the fixed cost is 3

A: Total cost is the expenditure incurred by the producer in production of all units of goods or…

Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…

A: The short-run total cost (SRTC) and long-run total cost (LRTC) bends are expanding in the number of…

Q: Use the table below to answer the following question. Units Total Fixed Cost Total Variable of…

A: Marginal cost eventually we can say that it is the actual change in the value of the total cost…

Q: Fill in the column of marginal products. b. A worker costs $100 a day, and the firm has fixed costs…

A: MPn =TPn - TPn-1 ATC = TC / Q MCn = TCn - TCn-1

Q: Use the following information to answer the question Quantity (number ofFixedVariable Total Marginal…

A: Ans.  Quantity (number of units) Fixed costs       ($) Variable Costs           ($) Total…

Q: Q.1. Pak surgical makes masks and then sells them on door to door. Here is the relationship between…

A: Since multiple sub-parts are asked here, we will answer the first three parts for you. If you want…

Q: The marginal cost of producing the xth box of DVDS is 15 + and the fixed cost is $100,000. Find the…

A:

Q: Define fixed and variable costs of production. Why do you think bigger firms may have a lower…

A: 1. Variable costs tend to vary based upon the amount of output being produced. They include…

Q: Which type of cost does depend on a firm's output? 1.marginal cost 2.total cost 3.variable cost…

A: Total Cost: The sum of variable costs and fixed cost is termed as the total cost. Total Cost =…

Q: workers) Quantity of floral arrangements 0 0 1 110 2 200 3 270 4 300 5 320 6 320…

A: Marginal product is the additional product when one more unit of labor is employed.  Marginal Cost…

Q: The marginal cost of producing the xth box of light bulbs is 4 + dollars per box. Determine how much…

A: Given: Marginal Cost (MC)of xth element : 4+x^2/1000 dollars per box Total Cost(TC) of xth element:…

Q: The following equation represents the cost structure of a firm: C= 10 + 3q. The average cost of…

A: Cost function of the firm, C= 10 + 3q   The average cost of production =  Total cost/ Quantity…

Q: A firm is producing 20 units with an average total cost of $25 and a marginal cost of$15. If it were…

A: Average cost or ATC refers to the average cost of production of each unit. It is calculated as the…

Q: Nimbus,Inc.,makes brooms and then sells door to door.Here is the relationship between the number of…

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

Q: Q.4 Marginal Cost is closely relate (a) Total variable cost (b) Total cost (c) Total fixed cost (d)…

A: # marginal cost measures the change taking place in the value of total cost when the quantity…