Q | FC | VC | TC | MC | AFC | AVC | ATC |
0 | 30 | 0 | 30 | - | - | - | - |
10 | 30 | 3 | |||||
20 | 30 | 100 | 130 | 1.5 | 5 | 6.5 | |
30 | 30 | 180 | 210 | 8 | 1 | 6 | 7 |
40 | 30 | 0.75 | |||||
50 | 30 | 420 | 450 | 0.6 | 8.4 | 9 |
Using the formulas:
FC = FC(Q=0)
TC = VC + FC
MC = dTC/dQ = dTVC/dQ
AFC = FC/Q
AVC = VC/Q; and
ATC = TC/Q
8 9 10 11 The table below provides some information on various cost measures of a...
CO 5 6 7 8 10 11 Match various cost measures to their descriptions: The overall cost of inputs that vary with output: The average per unit cost if both costs that do and do not vary with output are included: The increase in the total cost from a 1 unit increase in output: Check е goals: Costs of production Jump to... Lecture notes (upda: Match various cost measures to their descriptions: . The overall cost of inputs that vary...
Jen runs a martial arts club. She now has 50 trainees who pay monthly dues of $200. Every month she pays $1,000 in miscellaneous club- related expenditures including utilities, accounting services, etc. To run the club she quit her day job where she used to earn $7,000/month. She decided to pay herself the same salary for her time spent at the club. She runs the club from the first floor of her house that she inherited from her mother (a...
Match various cost measures to their descriptions: • The overall cost of inputs that vary with output: • The average per unit cost if both costs that do and do not vary with output are included: ATC= • The increase in the total cost from a 1 unit increase in output: MC Check Match various cost measures to their descriptions: • The overall cost of inputs that vary with outpu t vary with output are included: ATC The average per...
The cost table below has enough information for you to completely fill out the blanks in the five rows (output 0, 1, 2, 3, 4). Here is a hint: at Q=4 you are told that AFC is 30. Since AFC=FC/Q, you know that FC must be 120. And, of course FC is the same for all output levels, including zero. Now you have the first column completed! FC VC TC MC AFC AVC ATC 10 168
The total costs for Morris Industries are summarized in the following table. Based on this information, fill in the missing entries in the table for fixed cost, variable cost, average fixed cost, average variable cost, average total cost, and marginal cost. (1) (2) (3) (4) (5) (6) (7) (8) Q FC VC TC AFC AVC ATC MC 0 1,000 10 2,000 20 2,500 30 4,000 40 6,000 50 10,000 60 15,000
emaining the thour seconds Question Completion Status question Fill in the blank spaces of this costs table. Use only whole numbers MC Q 0 VC A TC $50 AFC n/a ATC n/a $60.00 $10 AVC n/a $10 E 20 B 80 30 36.67 30 H 100 150 210 150 D 16.67 12.50 M 8.33 37.50 5 6 N 30 35 60 260 43.33 B. G. 20 E. 15 J. 25 O. 50 Moving to another question will save this response
nk spaces of this table. Note that Q, VC. TC, AFC. AVC. ATC. an o output, variable cost, total cost, average fixed cost, average the blank of total cost, and marginal cost, respectively. (10 Points) AFC TAVG 50 n/a n/a n/a n/a 10 10 10 60 30 80 30 6.67 20 36.67 100 150 12.5 37.5 150 30 8.3535 43.33 60 b Please graph the ATC, FC, MC curve respectively (5 Points) c What is shape of ATC and can...
Help Search 1 3 4 5 20.0 6 The table below shows the cost information for a firm in a perfectly competitive industry. What would be the shut down price for this firm? Q FC VC TC MC AFC AVC ATC 0 100 100 100 16 116 16 100.0 16.0 116.0 2 100 30 130 14 50.0 15.0 65.0 100 42 142 12 33.3 14.0 47.3 100 56 156 14 25.0 14.0 39.0 100 72 172 16 14.4 34.4 100...
From your knowledge of the relationships among the various cost functions, complete the following table. (Hint: If necessary, round to two decimal places.) Q TTC TFC TVC ATC AFC AVC MC (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 0 125 10 5.00 20 10.50 30 110 40 255 50 3.00 60 3.00 70 5.00 80 295
Quantity Total Cost Q Variable Marginal Cost Marginal Cost Cost MC MC VC (calculated (calculated using TC) using VC) TC O dozen pizzas $300 $0 ܝܕ 350 50 390 90 N 3 420 120 4 450 150 5 490 190 6 540 240 3 420 120 4 450 150 5 490 190 6 540 240 What is the pizzeria's fixed cost? Note: Recall that TC = FC + VC $200 $300 $400 cannot be determined Construct a table in which...