Afirm has average fixed costs of $0.20 and average variable costs of $2.50 at an output...
A) When output is 500, a firm's fixed costs are $10,000 and its variable costs are $15,000. The firm's total costs are therefore: $ 5,000. $10,000. $15,000. $25,000. B) If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals: $ 80. $100. $120. $200.
Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed Average Average Total Marginal Costs Variable Costs Costs Costs $800 $75 $875 $925 $100 $625 What is the fixed cost of producing 3 units of the good? O $700 O $500 O $875 $375 $1,000
Using the table we see that when output is 4 units, average variable cost equals Total Costs Total Output OA $3.50 OB. $14.00 OC: $24.00 O D. $8.00 18 21 23 24 26 29 38 10 51
In the figure, if this fim produces output level Q2.it has average total costs of Cost (dollars) MC OA OE ATC OB, 00. O c. Oc. O D. OF AVC AFC Q, Q2Quantity of Output
if Fixed Costs are 46 and Variable costs are 35 at 3 units of output, what are average total costs? i.e., what are total costs per unit at 3 units of output? 5P QUESTION 7 If Fixed Costs are 46 and Variable Costs are 35 at's units of output, what are average variable costs? le, what are variable costs per unit at 3 units of output? 5 p QUESTION 8 If Average Fixed Costs are 9.7 and Average Variable Costs...
Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs Output (Q) Fixed Costs Variable Costs Costs $500 $200 1 $800 2 $875 $75 3 $925 4 $100 5 $625 What is the total cost of producing five units of the good? $1,050 $1,025 $825 $1,000 $950
A firm's average total costs initially decrease because: A. at low levels of output, average fixed costs make up a large part of average total costs. B. at low levels of output, average variable costs make up a large part of average total costs. C. at low levels of output, average fixed costs make up a small part of average total costs D. the law of diminishing returns applies as output increases
QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable Costs Marginal Costs 30 50 In the above table, what are the total fixed costs for an output of 4? $220 $0 $100 $120
19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
Tom's Tent Company has total fixed costs of $300,000 per year. The firm's average variable cost is $80 for 10,000 tents. At that level of output, the firm's average total costs equal $80 $90 $100 $110