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: Calculate the value of total cost if average cost is $42 and total units is 5
A: In the above given question, we are given with the values of average cost and total units as:-…
Q: If total cost is $2100 and the output is 40 units Calculate average cost
A: The information being provided to us is:- Total cost of the firm = $2100 Output = 40 units
Q: Calculate the value of average cost when the value of total cost is $100 and the no of units are 10
A: The average cost (AC) refers to the total cost per unit of output produced. The formula for AC is as…
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: What is the equipment"s the initial cost?
A: Cost of product: The cost of a product refers to the actual amount that is spent to manufacture it.…
Q: A washer and dryer cost a total of $1101. The cost of the washer is two times the cost of the dryer.…
A: The definition of cost is the amount paid for something or the expense of doing something. Here, we…
Q: Total cost is given the be as $800 and average cost is $80 Calculate the output
A: Total cost is the sum total of fixed cost and variable cost. Average cost is calculated by dividing…
Q: Calculate total variable cost is average variable cost is $82 and the output is 16 units
A: TVC= AVC*Q
Q: Total cost is $320 and the fixed cost is $100 Calculate variable cost
A: The data presented in the question about is:- Total cost = $320 Fixed cost = $100 Variable cost is…
Q: If average cost for Ruby's chocolate production firm is $23 and the output is 1000 units.…
A: The data being presented in the question is:- Average cost for ruby's firm = $23 Output = 1000…
Q: The fixed cost of a firm is $4000 and variable cost is $2000 what would be the total cost of the…
A: The total cost of a firm is all costs that a firm bears whether it is fixed cost or variable cost.…
Q: Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro…
A: Fixed cost is independent of output produced.
Q: If economic profit is $5000, explicit cost is $1200, total revenue is $7000 Calculate the value of…
A: The given information is as follows:- Economic profit of the firm = $5000 Explicit costs = $1200…
Q: (a) Find the number of hours for which each cost function will give the same cost. hours (b) !f the…
A: Fron the provided data, Acme (x); 140+10x Bell (x);200+4x
Q: Is a type of cost which does not vary with the unit of production and will remain constant…
A: Cost refers to the money involved in producing the goods and services by the producers. They include…
Q: caps ness is reproduced below: Output Total Cost 50 890 100 920 150 1000 200 1260 250 1470 300 1850
A: The following problem has been answered as follows
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: If in an economy the fixed cost is $212 and the variable cost or $644 what are the total cost?
A:
Q: What is the total cost of producing 200 units 125 150 180 210
A: Total Cost = Average Total Cost*Quantity TC at 200 units = 0.75*200 = 150 TC at 125 units =…
Q: Calculate the value of average cost of AFC is $70 and AVC is $67
A: According to the question, we are given that:- Average fixed cost = AFC = $70 Average variable cost…
Q: The difference between variable cost and fixed cost is that Select one: a fixed cost is paid even…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the…
A: Given information: Total number of motorbikes = 100 Total cost of production = $1000
Q: ILLUSTRATE THE VARIOUS COST CLASSIFICATIONS. (PLEASE INCLUDE PHOTOS OR TEXT FOR THE EXPLANATION)…
A: In popular usage, cost refers to the monetary worth of goods and services purchased by producers and…
Q: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…
A: Price=$4000 Fixed Cost=$20,000 Variable Cost=$2000 (a) Total Revenue= Price*Quantity TR=4000*Q…
Q: The value of total fixed cost is $55, total cost is $420 Calculate the total variable cost
A: The given information is :- Total fixed cost = TFC = $55 This always remains same. Total cost of…
Q: Calculate the value of average fixed cost of total fixed cost is $750 and the no of units employed…
A: The information given to us are:- Total fixed cost of the firm = $750 Number of units employed = 18…
Q: The value of average cost is $20 Calculate the value of total cost when the total units are 6 units
A: # The formula for average cost is given as:- Average cost = Total cost / Output
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: irs of shoes their total cost is $500. Elliot's arginal cost to produce the 31st pair of shoes is 1.…
A: Average total cost = total cost/quantity Marginal cost is the additional cost incurred in order to…
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: Tire Co. has total fixed costs of $1000 per month. The firm's variable cost is $800 for 10 tires. At…
A: Average variable costs = Total variable cost / Quantity of output
Q: Cost curves in Ollie's Ovens BTC 650 500 TVC 450 400 250 3 6. Number of ovens Figure 8.5 The fixed…
A: Fixed cost is independent of output produced whereas variable cost varies with the level of…
Q: open Text, a nypotnetical firm in waterioo, has TFC of $200, TVC is $600, and TP iS 4 units, then:…
A: Total cost is determined when we add total fixed cost with total variable cost.
Q: The lawn ranger , a landscaping company , has total costs of $15,000 and total fixed cost of $13000…
A: The provided information are: Total costs = $5000 Total fixed cost = $3000
Q: Cost Volume $15,000 3,000 $18,000 4,000 $20,000 7,000 The fixed cost element for the firm is a.…
A: Mixed costs have a combination of FC as well as VC. They have a some fixed element irrespective of…
Q: Calculate total profit when total revenue is $9000 and the total cost is $8700
A: # For a firm if you need to calculate the value of total profit then we have to subtract total cost…
Q: Average fixed cost is $22 and output is 12 units Calculate total fixed cost
A: The information being given is:- Average fixed cost = $22 Output = 12 units We have to calculate…
Q: Total cost and output are $3000 and 60 respectively Calculate average cost
A: According to the above mentioned question, the values are:- Total cost = $3000 Output = 60 units…
Q: EXAMPLE Total cost 1400 1200 1000 800 600 400 200 100 200 Levels of activity, units Based on the…
A: The scatter graph method is a graphical representation used to separate the mixed cost into fixed…
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: Solve this attachment.
A: Costs are the expenses that firms incur in the production of goods and services.
Q: If the direct cost are 61 and the indirect cost are 173 find the total cost?
A: Generally in the given question Direct cost are given as = 61 Indirect cost stated as = 173 Value of…
Q: What is the fixed cost? what is the AVC quantity of 10 quantity. Total cost 0.…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
Q: Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $10 million and…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Average fixed cost will be always rising. always falling. U-shaped. constant.
A: Total fixed cost (TFC): - it is the cost incurred on the fixed capital assets like land, building,…
Q: What is the total cost of 2 units? Select an answer and submit. For keyboard navigation, use the…
A: Total cost is the sum of cost spent on purchase of both fixed and variable factors. As Average Total…
The value of average cost is 55 and the quantity is 5 units. Calculate the total cost.
Step by step
Solved in 2 steps
- It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for $4.90 each. (i) Make a table showing the cost of producing 20,40,60,80 and 100 cupcakes.The fixed cost of a firm is $4000 and variable cost is $2000 what would be the total cost of the firm?calculate and plot the following: No of Units Total Cost 0 5 1 9 2 12 3 15 4 20 5 30 6 42 a) Variable cost b) Fixed Cost c) Average Fixed Cost d) Average Variable Cost e) Maginal Cost
- The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the motorbikes.If average cost for Ruby's chocolate production firm is $23 and the output is 1000 units. Calculate total costThe value of total fixed cost is $55, total cost is $420 Calculate the total variable cost
