What is relationship between total revenue (TR) and total variable cost (VC) if the price is between AVC and ATC (does TR covers part of VC, All VC or all VC and part of foxed cost)?

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A: Total Cost = Total Fixed Cost + Total Variable Cost

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Q: total revenue (TR) and total cost (TC) if

A: If price is equal to AC then at this situation TR= TC ( since TR=AC×Q and TC=AC×Q )

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A: All the information is provided in the following table and formula used are as follows : Fixed Cost…

Q: What is the relationship between a firm’s total revenue, profit, and total cost?

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Q: Suppose Honda's total cost of producing 4cars is $225000and its total cost of producing 5cars is…

A: Given, Total cost of producing 4 cars = $225000 Total cost of producing 5 cars = $ 250000

Q: We expect the marginal cost to increase as this firm produces more computers. But when the firm…

A: The rise or fall in the cost of producing/providing one more product is referred to as marginal…

Q: What is fixed cost? How would you calculate Fixed cost in a graph

A: Total Cost has two components in the short run  1)Total Fixed Cost and 2)Total Variable Cost . Each…

Q: Given the quantity produced (Q), Total fixed cost (TFC) and Total Cost (TC), (1) calculate Total…

A: Total cost is the total expenditure of the producer in the production process. The cost includes the…

Q: Price = $20, quantity = 400 units, unit cost = $15, implicit costs = $4,000. What does economic…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Given the quantity produced (Q), Total fixed cost (TFC) and Total Cost (TC), (1) calculate Total…

A: Total Cost (TC) is the sum of Total Variable Cost (TVC) and the Total Fixed Cost (TFC). Therefore,…

Q: What is Mr. Leung's fixed cost? b. For each level of output, calculate the variable cost (VC). For…

A: a. Mr Leung Fixed cost is 500000 $ (cost when output is zero) FC = 500000 VC = TC - FC ATC = TC /…

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A: Firms earn revenue with the help of the sale of the products that it produces. On the other hand, it…

Q: total revenue (TR) and total variable cost

A:

Q: What is relationship between total revenue (TR) and cost (TC) if the price is greater than ATC (is…

A: If the price is greater than ATC, the total revenue (TR) is greater than the total cost (TC). The…

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A: In this case, there would be no effect of the demand for high-definition television on the short run…

Q: you assume that a firm has a U-shaped average cost curve, why would large and small firms have…

A: The economies and diseconomies of scale lead to the U shaped average cost curve.

Q: Stretch the MC, ATC and AVC curves in a diagram. Explain the reason why MC and ATC curve is shaped…

A: The marginal cost (MC) shows the incremental cost incurred when one additional unit is produced. It…

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Q: For graphing paper #1 Y  axis =  total fixed cost (TFC), total variable cost (TVC), and total…

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Q: depict a ATC curve, one where the firm has negative profits (π < 0) at the profit maximizing output…

A:

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Q: following is a total cost curve. Calculate and sketch the corresponding MC curve. If the price of…

A: TC = Total revenue  MC = Marginal cost  TR = Total revenue  FC = fixed cost MR = Marginal revenue

Q: If the demand function for any month is Pd = 400 – 2Q, where Pa is the price in £. (a) Determine the…

A: Demand: Pd = 400-2Q Cost: C =3Q2 +10Q+450

Q: Which of the following is the best example of a transactions cost? O the price of labor and…

A: Cost is the expenditure of producing goods and services. It is the sum total of the total fixed cost…

Q: The formula for total fixed cost is TFC = TC + TVC. TFC = TVC - TC. TFC = TC/TVC. TFC = TC - TVC.

A: Total cost is the total expenditure incurred on the production of goods or services. It can be…

Q: Refer to Table 7.9 and Figure 7.7 above. What is the marginal gain in output from increasing the…

A: Answer to the question is as follows:

Q: State whether the following describes MC (marginal cost), ATC (average total cost), AVC (average…

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

Q: What is the profit maximizing output for Tex? Show your work. What is his selling price? How much…

A:

Q: We expect the marginal cost to increase as this firm produces more computers. But when the firm…

A: Marginal cost (MC) is the change in total cost or total variable cost per unit change in output.