Chapter 5, Problem 2CACQ

(a)

To determine

To analyze the fixed costs and variable costs.

(b)

To determine

To analyze the fixed cost of the firm.

(c)

To determine

To analyze the variable cost required to produce 475 units of output.

(d)

To determine

To analyze the amount of variable input used to maximize the profits.

(e)

To determine

To analyze the maximum profit earned by the firm.

(f)

To determine

To analyze the range over which the variable input usage is giving increasing marginal returns to scale.

(g)

To determine

To analyze the range over which the variable input usage is giving decreasing marginal returns to scale.

(h)

To determine

To analyze the range over which the variable input usage is giving negative marginal returns to scale.