TV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost $300000. Find the company’s monthly fixed costs and marginal cost per TV.

Q: major league baseball plans to sell special commemorative jerseys for the world series. the…

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: The firm producing 7 units  iPhone in a hour and cost of producing it at $250 What is firm total…

A: Given values: Number of iPhones (Q) = 7 units Cost of producing one iPhone = $250

Q: A rice farmer wants to analyze his rice farming. Help the farmer to identify the costs incurred in…

A: There are various Cost/expenses being incurred by the firm depending on the nature of the firm and…

Q: The first two units of a product cost a total of $9,000 to produce. If you believe an 80 percent…

A: Production cost = Original Cost * learning rate ^log 2 n.....(equation 1) The given learning rate is…

Q: A firm pays $500,000 per year on costs that it cannot alter in the short run. This year, it expects…

A: Cost Cost refers to any expense that incur in the process of production. Total cost is made up of…

Q: A shirt manufacturer can produce 800 pieces of shirts in a week at a total cost of $6400, and 1600…

A: Total cost = Fixed cost + Variable cost  TC = $6400 Q = 800

Q: Find the value of B. Quantity Total Cost Fixed Cost Variable Cost Average Total Cost Average Fixed…

A: "Average fixed cost measures the fixed cost of production per unit of output."

Q: Amazing is evaluating three locations for a second headquarters. Costs for construction at location…

A: The break even point is a total cash inflow point, that would be equal and use the total cash…

Q: Fill in the blanks below with the missing information.   Output quantity Total variable cost Total…

A: Here, the given table shows the information about total variable cost and total cost of the company…

Q: Fertilizer Q TFC TVC TC MC ATC AVC AFC TR MR 25 70 1300                   100…

A: The formula used to calculate different costs are : TC = TFC + TVCAFC = TFCQAVC = TVCQATC = AFC +…

Q: A firm's economic profit is equal to a. total revenue minus accounting profit. b. accounting profit…

A: Explicit cost is the actual monetary expenditure. Implicit cost is the opportunity cost of doing any…

Q: A special shoe manufacturer ABC Co. has costs of production as follows : Quantity 0 1 2 3 4 5 6…

A: a) AFC=TFC/Q AVC=TVC/Q ATC=TC/Q MC=TCn-TC(n-1)

Q: At zero output the total cost is 10 dollars and 20 dollars at one unit of output, the total fixed…

A: Total cost is the sum of fixed cost and variable cost in which fixed cost is independent of output…

Q: A special shoe manufacturer ABC Co. has costs of production as follows and solve all the subparts:…

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

Q: Confetti Bakery sells bread, cake, and other baked goods. After analyzing their production and…

A: For production of goods and services, firms hire factors of production from the household sector in…

Q: A shirt manufacturer can produce 800 pieces of shirts in a week at a total cost of $6400, and 1600…

A: Marginal cost measures the change in total cost that occurs when there is a change in the output…

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

A: Marginal Revenue Product(MRP) is the revenue(R) generated by an additional vehicle used for…

Q: ABC Company issued a payment for the suppliers of raw materials they used in producing their goods.…

A: Fixed cost is the costs that needs to paid every month or year whether the production process is…

Q: Total cost divided by quantity of output is Select one: a. average variable cost b. average total…

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

Q: Jeremy worked at a bank with a monthly salary of $1,500. He decided to quit his job and open a…

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

Q: With the following data: Quantity=2,000 Variable costs= $2,000 Fixed costs= $10,000 Price= $1…

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

Q: Variable costs usually change as the firm alters the quantity of output produced. True False

A: A variable cost  may be a company expense that changes in proportion to what proportion a…

Q: Accounting profits are: A.) economic profit less explicit costs. B.) less than economic…

A: "There are two kinds of costs explicit costs (are out of the pocket costs for a firm) and implicit…

Q: A firm's accounting profit is called a normal profit when its a. average cost is minimum. b.…

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

Q: firm has fixed costs, then its ________ cost exceeds its ________ cost. a.average total; average…

A: Here, Q = quantity  ATC = average total cost  TVC = total variable cost AVC = average total cost…

Q: After one month of operation, OO Café determined to shorten its business hours and close on…

A: The cost of production is the summation of all the costs incurred while producing a commodity in the…

Q: Marginal cost is defined by:  (a)  total cost increases when one more unit is produced. (b)  fixed…

A: Answer - 1. (a) Total Cost increase when more unit is produced.  Reason - Marginal cost is defined…

Q: _________ refers to the additional cost spent to produce one more unit of the product. a. Marginal…

A: Money cost is the nominal cost and the cost that is spent by the firm in producing the commodity.…

Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…

A: The total cost of producing pens = $100 Variable costs of producing pens = $25

Q: Jacob, a chef who lives in the community, is really excited to start his own cookbook. He found a…

A: STEP 1: The break point is the point where a firm neither earns profit nor incur loss. At this point…

Q: Total Marginal Cost (using total cost) Quantity Variable Marginal Cost Cost Cost (using variable…

A: Fixed cost of production is that portion or part of firm's costs which remains same at each level of…

Q: A leather coat manufacturer can produce 150 pieces of leather coats in a week at a total cost of…

A: The following cost calculations are done below:

Q: Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup…

A: Selling price per meal = $14 Markup price on each meal = $5 Overhead expenses = 19% of cost

Q: A toll road commission is planning to locate garages for tow trucks along a 94-mile circular…

A: Given: Overall circumference (P) = 94 Cost of transportation (t) = 47 Fixed cost (F) = 4500…

Q: A producer borrows money and start a business . He himself looks after the business. Identify the…

A: # In a business if we consider the assets of the firm and its opportunity cost then this is counted…

Q: Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of…

A: The firms total costs are equal to the sum of its variable costs and fixed costs. Fixed costs are…

Q: Quest manufacturing incurs the following costs per unit: labor $100/unit, materials $50/unit, and…

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

Q: The table below shows the cost of producing model vintage cars for collectors. Instructions: Enter…

A: Output TFC($) TVC ($) TC($) MC($) 0 2000 0 2000 - 1 2000 600 2600 600 2 2000 1100 3100 500…

Q: Marginal cost is defined by: (a) total cost increases when one more unit is produced. (b) fixed…

A: In economics, cost is further classified as marginal cost, fixed cost, variable cost, average…

Q: produce instructional materials for disabled children in public school districts. The owner rents…

A: Total fixed cost is independent of output produced.

Q: e Excel to show formulas used  Amazing is evaluating three locations for a second headquarters.…

A: Break even point = Fixed costs / (sales price per unit – variable cost per unit) · Location A Break…

Q: Variable costs are         sunk costs.        costs that change every day.        costs that change…

A: Total Cost refers to all expenses involved in producing a good or providing a service.  It has two…

Q: Question 4 Identify the category of costs (sunk, fixed, or variable) for each type of cost for a…

A: Fixed cost: Fixed cost is the cost that will remain fixed for example , rent , rate of interest etc.…

Q: A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it…

A: Since you have asked a question with multiple subparts, we answer the first three for you. If you…

Q: a. A producer borrows money and starts a business. He himself looks after the business. Identify…

A:

Q: If a firm is currently producing zero output, then total costs equal average variable costs. B…

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.