Total cost is equal to average cost times marginal cost. a. True O b. False

Q: 39. What do you call that COST which is nat usually thought of at a coST? A. Explicit Cost B.…

A: When making any activity, there used to be some cost associated with it thay is classified into…

Q: You just bought a motorcycle for $8,000. You plan to ride the motorcycle for two years, and then…

A: Total cost is the cost that includes fixed cost as well as variable cost in the production process.

Q: Why the average fixed cost curve does not touch the output axis ? YA AFC Output Cost

A:

Q: Consider the following cost information for Yasir’s tea stall. (Cups of tea per hour) Total…

A: Variable cost represents all the expenses that depends on the level of output, i.e changes with the…

Q: Answer the next four questions after completing the cost table below: Quantity TC MC AFC AVC ATC 0 1…

A: The measure that depicts expenses incurred by business for carrying out day to day expenses is known…

Q: oth in the short - run and the long - run , average cost curves are U - shaped for different reasons…

A: Average cost is the per unit cost incurred in the production of a commodity. It is obtained by…

Q: on what you paid for the ticket, hased on sunk cost fallacy? O No, because the we naid

A: A ‘sunk cost’ refers to money that has already been spent and that cannot be recovered. In business,…

Q: Consider the following cost information for a  pizzeria: a.What is the pizzeria's fixed cost?…

A: The total cost is the total expenditure incurred to the business during the production process of a…

Q: A D Quantity (units per day Curve C represents which type of cost curve? O A. marginal cost (MC) B.…

A: Average total cost is the sum of average Fixed cost and average variable cost. Average Fixed cost…

Q: Which of the following does not change with the level of output? O Marginal cost O Total fixed cost…

A: Marginal cost is the change in total cost with respect to change in output. Average Fixed cost is…

Q: Which type of cost does depend on a firm's output? Select one OA marginal cost O B total cost C…

A: Fixed cost is the cost that is incurred on fixed factors and does not change with the level of…

Q: .If total cost is increasing, marginal cost is positive. a. True O b. False

A: # Total cost is the sum of variable and fixed cost incurred by a firm.  At the same time, the…

Q: Productivity decreases when O a. Output and hours worked decrease at the same rate Ob. Hours worked…

A: Productivity refers to the ability of the business to produce more output. Productivity determines…

Q: d. Which worker(s) are in the region of diminishing marginal returns? e. Which worker(s) are in the…

A: marginal cost is the extra expense caused by the creation of another unit of a decent or…

Q: Mr  Han  Cook  says  that marginal  cost  is  just  a  funny  name  for  average  total  cost. What…

A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce…

Q: (d) What is the variable cost? ta What is the fixed cost?

A: since the cost of renting tuxes for choral societies formal is $19 down plus $85per tax. so, The…

Q: Draw the marginal-cost and average-total-cost curvesfor a typical firm. Explain why the curves have…

A: Average-Total-Cost (ATC): Average total cost refers is cost of production of per unit output that is…

Q: Please see the attached two pictures, one for the graph, and the other for the questions.

A: In the third part of this question, which was uploaded in the previous link, there is a correction.…

Q: Quèstion 25 Opportunity cost is considered as: O Implicit cost O Explicit cost O Accounting cost…

A: Opportunity Cost is the value of next best alternative (which is available after choosing the…

Q: When the marginal cost curve is above the aveny O rising O falling O coastar O at ts oi O aponal to…

A: Marginal cost is the expense that is incurred by a business firm when it produces additional unit of…

Q: Next, fill in average total cost in the table. (Enter your responses as real numbers rounded to two…

A: Average total cost is the cost per unit. It is the ratio of total cost and output

Q: When a toy factory makes x dolls a day their total cost is C(x) = 50 + 9x + 0.02x² dollars. What is…

A: ANSAverage Cost (AC) is the per unit cost of the output. It is obtained by dividing the Total Cost…

Q: An Accountant would say that total costs equal out-of-pocket costs plus opportunity cost. O True O…

A: Economic cost is the sum of out of pocket expenses and opportunity cost  Accounting cost is out of…

Q: Marginal cost is calculated as اختر أحد الخيارات .a. the increase in total cost divided by the…

A: Answer: Correct option: (b) Explanation: Marginal cost: it refers to the cost of producing an…

Q: a) Using the definition Q x AC = TC where Q = output, TC = the total cost of production and AC = the…

A: The average cost of production is calculated by dividing the total cost (TC) by the total output…

Q: Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day…

A: The variable cost is $60 per worker a day. At 90 units of output (i.e. when 90 cars are washed in a…

Q: If the average variable cost of producing 5 costumes in Kira’s Costume Shop is $50, and the fixed…

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

Q: c) Why Marginal cost curve is U-shaped?

A: Marginal cost is additional cost or increase in total cost as a result of one unit increase or in…

Q: Again referring to the table above, the total average cost of producing 25 pizzas a day is: TC TAC=…

A: We know,  Total cost(TC) = Fixed cost (FC) + Variable Cost(VC) Total cost for 25 units = 400 + 200 =…

Q: At the minimum-cost output OA. average variable cost must equal marginal cost. B. average fixed cost…

A:

Q: 13 When average total cost is at is minimum A erage variable cost a decreasing baverage total cost…

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

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

A:

Q: Let's play around with the concepts of total cost versus marginal cost Suppose a grocery store…

A: Marginal cost is the cost of hiring the additional worker per week.

Q: Complete the table as below: Where, TC= TOTAL COST, TFC = TOTAL FIXED COST, TVC= TOTAL VARIABLE…

A: The table requires various formulas which are listed below.  TVC= TC- TFC Where TFC remains constant…

Q: 4) What is the total variable cost?

A:

Q: Calculate variable cost, average fixed cost, average variable cost, average total cost, and marginal…

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

Q: The concept of marginal cost is best described by which of the following? O Mr. Creosote meets a…

A: Marginal cost refers to those cost that firm incurs when it decides to produce an additional unit of…

Q: Which of the following is always true? O When marginal costs are less than average total costs,…

A: Answer: A (When marginal costs are less than the average total costs, average total costs will be…

Q: When marginal cost equals average toal cost, average total cost, (Click for List) rising at a…

A: Marginal cost is change in total cost divided by change in output. Average cost is the cost per unit…

Q: e variable cost, and AC, the average cost. Complete the following cost table. (Enter numeric respc…

A: Fixed cost remains the same at each level of output.  Hence, fixed cost corresponding to 2 units of…

Q: a) What is marginal cost? b) What is average variable cost? c) How much output is being produced?

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

Q: How does fixed cost affect marginal cost? Why is this relationship important?

A: Total fixed cost and total variable cost are the part of total cost. Total cost = Total fixed Cost +…

Q: Consider the following cost information for apizzeria:Quantity Total Cost Variable Cost0 dozen…

A: Costs are the expenses that firms incur in the production of goods and services.

Q: c. What is the average and marginal cost of gumball production (again, measure output in thousands…

A: Total cost is the sum of total fixed cost and total variable cost. The average cost is the total…

Q: Complete the third column of the following table by calculating the marginal cost per dozen pizzas…

A: A change in the total cost of producing various quantities of a product is divided by a change in…

Q: Jane’s Juice Bar has the following cost schedules:a. Calculate average variable cost, average total…

A: The fixed cost is the cost that is associated with the fixed factors of production (factors that…

Q: ll in the remaining cells of the following table. Quantity (Pairs) Total Cost Marginal Cost Fixed…

A: Average total cost (ATC) is determined by dividing total cost by total quantity. Average…

Q: a) Complete the following table by filling in the fixed cost (FC), variable cost (VC), total cost…

A: Total Cost (TC) = Fixed cost (FC) + Variable cost (VC) or  Variable cost (VC) = Total Cost (TC) -…