Total costs increase from $1,500 to $1,800when a firm increases output from 40 to50 units. Which of the following is true ifMC is constant?a. FC 5 $100b. FC 5 $200c. FC 5 $300d. FC 5 $400

Q: e) The short-run cost function of a company is given by the equation TC = 200 + 55q, where TC is the…

A: The short-run cost function of a company is given as: Total Cost: TC = 200 + 55q where; TC = total…

Q: Suppose you have a job in production management. A portion of your costs are as in the table below:…

A: Here we calculate the profit and conclude the decision is this production profitable or not  , and…

Q: true or false The minimum short-run average total cost occurs at a level of output that is greater…

A: The minimum short-run average total cost occurs at a level of output that is greater than that at…

Q: Long-Run Marginal Costs Like all average cost curves, the long-run (LATC) curve has its own marginal…

A: In a market, marginal cost and average cost are related to each other to some extent.

Q: ATC, ATC2 ATC3 LRATC Output (Q) The diagram above shows the long-run ATC curve for a firm with:…

A: 30. The long-run ATC curve for the firm is a curve that envelopes the minimum of the SRAC curve. In…

Q: Consider this statement “Total output starts falling when diminishing returns occur.” Do you agree…

A: According to the law of diminishing returns as more units of a variable input are used with a fixed…

Q: 5. True or False. The U shape of the long-run ATC curve is the result of diminishing returns..

A: We are going to explain the concept economies of scale to answer this question.

Q: As a firm expands its output, its average fixed cost does which of the following? O It declines…

A: Average Fixed Cost is the total fixed cost per unit of output.  AFC = TFC/Q

Q: firm X has a total cost of 100 and a total variable cost of 80, what is its total fixed cost?     a)…

A: Fixed cost is independent of output produced.

Q: LR-ATC Q2 Q3 Q4 Output In the above figure, between Q3 and Q4 units, the firm experiences O a.…

A: In a market, economies of scale refers to the economic concept to explain a situation when a firm…

Q: An ice cream producer has fixed costs of $70,000 per month, and it can produce up to 15,000 ice cream…

A: (a) Let the breakeven level of production be x ice cream tubs per month At break-even, Total revenue…

Q: 6. A firm's long-run total cost function is given by LTC = 115.000Q-500Q2 + G where Q is the…

A: Gradually in simple words we can say that the economies of scale are determined to be as the cost…

Q: Refer to Figure 13-7. This firm experiences disecono mies of scale at what output levels? Figure…

A: Average total cost is the ratio of the total cost and total quantity i.e   Average total cost =…

Q: Given the Total Product indicated in Table 2, complete MFMI’s cost schedule including variable…

A: The variable cost can be calculated by using the following formula as follows: Variable cost=Total…

Q: a.    Find the first, second and third derivatives of the following total cost function: TC(Q)=Q3…

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

Q: Question 4. (a) Explain how the long-run average cost curves will differ between a private hospital…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $5,500 + $1.3Q.…

A: Given:- TR=$2Q TC=$5500+$1.3Q To calculate:- Break even output level and profit at 8600 unit sale=?…

Q: 4. F&D Manufacturing company increases all its inputs by 50 percent each. If F&D's output increases…

A: The suppliers, firms, producers, and businesses tend to make up the supply side of the markets.…

Q: Q1. We classify Three Possible Long-Run Average Cost Curves for a Multiplant Firm; given the…

A: Here, given three graphs shows the difference nature of the long-run average cost curve of a firm.

Q: 5. Suppose the short run total cost function is TC = Q° -8Q² +240Q+200 , then at Q=10 A) What are…

A: Total cost is the combination of fixed cost as well as the variable cost of the production process.

Q: Suppose that a business incurred implicit costs of $300,000 and explicit costs of $1,300,000 over…

A: Accounting profit can be defined as a profit, which a firm gets after paying only the explicit cost.…

Q: 22. Refer to Table 13-15, What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50…

A: Cost is the expenditure face by producer in production , there is total cost , average cost ,…

Q: A division of a company produces income tax apps for smartphones. Each income tax app sells for $7.…

A: *ANSWER :-

Q: A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is…

A:

Q: A firm’s total fixed cost is $360,000. Construct a table of its total and average fixed costs for…

A: Output Total fixed cost Average fixed cost = Total fixed cost / quantity 0 3,60,000 - 1 3,60,000…

Q: Suppose that a business incurred implicit costs of $400,000 and explicit costs of $3 million in a…

A: Here we calculate the economic and accounting profit by using the given data and choose the correct…

Q: (a) How can you tell if these cost curves are for the short run or the long run? (b) What does the…

A: Total costs TC equals TFC plus TVC. Total fixed costs (TFC) are the total payment of the firm on…

Q: Question 1 Output (Q) Total Fixed Cost (TFC) Total Variable cost (TVC) 0 100…

A: Marginal cost is the the cost incurred when an additional unit of input is hired. Mathematically, it…

Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

A: Economies of scale are a term that describes when the cost per unit drops as production volume…

Q: A firm has the following total revenue and total cost schedules: TR = $3Q. TC = $4,000 + $1.7Q.…

A: Break-even is the point at which revenue and total costs are equal, indicating that the business is…

Q: 9. At an output level of50 units per day a firm has average total costs of $60 and averagevariable…

A: here we can find the total fixed cost as follow

Q: Q. No .4. Consider the following cost information for Yasir’s tea stall.       (Cups of tea per…

A: Fixed cost=30 variable cost (VC)= total cost-fixed cost average fixed cost (AFC) = total fixed…

Q: What is the averge total cost at which this firm reaches its break even point b) what is the average…

A: In the short run, the firm has to incur fixed cost even if it produces zero units. The shut down…

Q: The total cost (CT) of Holdins-up is CT = 4q2 + 4q + 16CT = 4q2 + 4q + 16. Get the fixed cost (CF)…

A: Total cost function: CT = 4q2 + 4q + 16 Total cost is the sum of variable cost and fixed cost.

Q: Total Output 0 cases of books 1 2 3 4 Total Variable Cost $0 100 150 250 450 Total Cost $200 300 350…

A: Marginal cost (MC) measures the change in the change in total cost due to a change in quantity. MC =…

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

A: The cost is the money spent on factor of production to produce the goods and services. There are two…

Q: Average Total Cost ($ per tablet) Number of Factories Q=100 Q=200 Q=300 Q=400 Q=500 Q=600 400 300…

A: Economies of scale refer to a situation when the firm experience a fall in the cost of production…

Q: In U-Shaped Average Total Cost Curve above Section 11.4 exhibit 2, why does AFC continue to fall…

A: Average fixed cost (AFC) refers to the total fixed cost (TFC) per unit of output AFC = TFC/Q Where Q…

Q: Total Total Output Fixed Variable (Q) Costs Costs 0. $50.00 $0.00 1 $50.00 $70.00 $50.00 $120.00…

A: Fixed cost is the cost that remains constant and stays the same at all levels of output. Variable…

Q: (ii) The total cost C(Q) of a firm is C(Q) = Q² - 6 Q? + 10 Q +100 where Q denotes the output. (a)…

A: ii)a) Variable cost is the cost which depends on output while fixed cost is independent of level of…

Q: Peter runs a small local newspaper company. He can sell a newspaper at $2. He has fixed costs of…

A: Since you have posted multiple questions, will be answering only for first part.

Q: Average Total Cost ($ per tablet) Q=400 Number of Factories Q=100 Q=200 Q=300 Q=500 Q=600 1 400 300…

A: As we know in the long run firm cost function are U shaped but minimum of cost goes long period of…

Q: Tex has a small plant that produces storm windows. Its total revenue function is ?? = 5.4?, and the…

A: As we answer only 3 subparts and the question has more than 3 subparts, so we would be answering the…

Q: Modified True or False: State whether each statement is true or false. If the statement is false,…

A: Answer to the question is as follows: