What is the marginal cost for this product?

Q: If marginal cost is $69 and the change in output is 17 units  Calculate change in total cost

A: The information being given is as follows:- Marginal cost = $69 Change in output = 17 units  Change…

Q: If a firm has an accounting profit it must have an economic profit. O True

A: Profit = total revenue - total cost

Q: What are Sunk Costs?

A: A sunk cost refers to money that has been spent already and which is unable to recovered. In other…

Q: What is the Marginal Cost if TC =10+5q What is the marginal cost if  TC= 100+5q   Explain

A: TC=10+5qNow,MC=∂TC∂qMC=∂(10+5q)∂qMC=10

Q: What are the short-run and long-run costs of the production of Adidas?

A: Short run Cost is the cost price of manufacturing processes that have short-term inferences, i.e.,…

Q: What do you mean by product variation?

A: # In markets such as oligopoly and monopolistic competition where there is high competition, in such…

Q: Calculate Marginal cost when total cost rises from $30 to $70 and the output rises 2 to 3 units

A: We are given that the total cost has increased from $30 to $70 TC1 = $30  TC2 = $70 Output has also…

Q: The "Sad Student" Company finds that it costs a total of C(q) = 9720 +500g -1.5q +0.005g Dollars to…

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

Q: (Table) Based on the table, Output is the marginal cost when moving from forty to forty-eight units.…

A: TFC=$500 TC=TVC+TFC MC=Change in total costChange in output

Q: Which is NOTa cause of shift in cost curves of a firm?

A: To find : Which is not cause of shift in cost curves of a firm.

Q: If the government says that firm X must pay 50000 in taxes simply because it in the business…

A: In a market, government imposes different types of taxes on different products and services based on…

Q: customers there while you golf. Why do you think a miniature golf course would stay open during the…

A: *answer:

Q: What is the relationship between revenue cost and profit?

A:

Q: The following equation represents the cost structure of a firm: C= 20 + 4q. The marginal cost of…

A: Answer: Given, Cost function: C=20+4q Marginal cost: it refers to the addition to the total cost…

Q: What is the relationship between marginal product and marginal cost?

A: The firms, and businesses tend to operate in the markets, where they supply various goods, and…

Q: What is the quantity produced for each firm? Round your answer to the nearest 1 decimal places.

A: Answer: Given: Inverse demand function: P = 120 – Q Assumption: All firms produce identical goods…

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

A: Total revenue (TR) is the amount earned by the firm by selling its goods. Total Cost (TC) is the…

Q: What happens when a company doesn't follow economic thoery and charges pries below the marginal…

A: At the point when an organization doesn't follow economic theory and charges costs below the…

Q: What is the relationship between the marginal cost (MC) curve and marginal product MP) curve of a…

A: The marginal product is the change in the total product when an additional unit of the variable…

Q: Calculate the value of Marginal revenue when marginal cost is $73 and the marginal profit is 0

A: # the marginal profit is given as the difference between the marginal revenue which is collected by…

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: Distinguish between the fixed costs and the variable costs?

A: Cost represents the value of goods and services which are charged by the producers and the amount…

Q: what is the cost stucture of a monoply? what is the cost structure of Microsoft? illustrate the cost…

A: Monopoly is the who charge higher price and make high profit . Their AC is also low

Q: C. What is Karol's fixed cost per lobster at an output level of 60,000? D. At an output level of…

A: In the given question, the cost curves of Karol's Lobsters Inc is given. We know that: Total Cost =…

Q: The following graph shows the price, marginal cost and average cost curves for a t RM MC 15 ATC AVC…

A: The equilibrium occurs where the P=MC.

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

A: Broadly, Total Cost is the summation of Total Fixed Cost and Total Variable Cost. TFC is the fixed…

Q: The production cost for a firm is given in the table below, calculate the marginal cost of producing…

A: Marginal cost is the additional cost of producing each additional unit of output.  Marginal cost =…

Q: Use the table to answer the uestion below: Quantity          Total Cost  0…

A:

Q: Why must the marginal revenue be equal to the marginal cost for a producer? Explain.

A: Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit…

Q: Solve the attachment.

A: Short run is when there exists a fixed factor of production and other are variable factors of…

Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80

A: # The difference between marginal revenue and marginal cost is given as the marginal profit.

Q: Using the figure above, what is the total cost for the firm?

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

Q: If marginal profit is $33 and marginal revenue is $80 What's the value of Marginal cost

A: The data presented in the question is:- Marginal profit of the firm = $33 Marginal revenue = $80…

Q: MC 90 ATC AVC 70 40 30 50 100 8. The figure above shows a firm's marginal cost, average total cost,…

A: Marginal cost = 70 Average total cost = 70 Average variable cost = 40

Q: 1. A firm produces 200 units and total cost of production is $4000. When they increase output to…

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

Q: Webby Inc. is a web development company. Webby's monthly production funclioh f8 a. Fill in the…

A: Marginal product of an input is the additional quantity produced by the firm by hiring one extra…

Q: What is the relationship between marginal cost (MC) curves and average cost (AC) curves?

A: The expense that is being incurred in order to reach a specific level of output is known as the…

Q: What is Product Expansion?

A: Product Expansion -It is the expansion of economic activity as well as the production levels from…

Q: A firm TC = 120 + 50g - 10q? + q* Find the equations for a) Total Variable Cost b) Average Variable…

A: Question Two: TC = 120 + 50q - 10q2 + q3 (A) Variable cost is that part of TC which depends on…

Q: How do you calculate a firm's total cost and total revenue?

A: Total cost (TC) refers to the cost of all inputs needed to produce with the given unit of output. It…

Q: What is the marginal cost of producing an additional unit:

A: Definition of Marginal cost.Marginal cost refers to the additional cost incurred by a producer or a…

Q: The table below shows the total cost for producing various quantities of shampoos. Use the given…

A: Total cost is the sum of fixed cost and variable cost.  Fixed cost remains the same at each level of…

Q: Can the firm's marginal revenue really be negative? Why?

A: Marginal revenue is the additional revenue that occurs from the sale of one additional unit of the…

Q: How do you derive the marginal cost (MC) curve of a firm? Explain.    use graph.

A: The marginal cost represents the change in the total cost of production that results in one new unit…