24.When output level is Q, AVC=OQ*OB
TVC=AVC*Q
ANSWER-A
25.FC=AFC*Q
FC=OAFQ
Answer-D
уште Dollars AFC total variable costis: Quantity 24. Refer to the above diagram. At output level...
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ATC AVC Dollars D AFC o Quantity Refer to the above diagram. At output level Q, total variable cost is: A) OBEQ. B) BCDE. C) OCDQ. D) QAFQ. Refer to the above diagram. At output level Q, total fixed cost is A) OBEQ. B) BCDE. C) OBEQ-0AFQ. D) OCDQ. Refer to the above diagram. At output level Q, total cost is: A) OBEQ. B) BCDE. C) OBEQ plus BCDE. D) QAFQ plus BCDE. Refer to...
LE MC Dollars TH AFC Quantity Refer to the above diagram. At output level Q average fixed cost: is equal to EF Els equal to QE is measured by both QF and ED. cannot be determined from the information given.
Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable Cost (TVC) Average Variable Cost (AVC) Total Cost (TC) Average Total Cost (ATC) Marginal Cost (MC) 0 $200 $0 $200 1 $200 (A) 30 (H) 230 (M) (S) 2 $200 (B) 50 (I) 250 (N) (T) 3 $200 (C) (F) $26.67 (K) (P) (U) 4 $200 (D) 130 (J) 330 (Q) (V) 5 $200 (E) (G) $40 (L) (R) (W) Refer to Exhibit 22-13. What...
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Exhibit 11-10 MC ATC AVC .AFC Quantity Refer to Exhibit 11-10. At output level Q. total cost equals: area ADQ0 area ADEB area ADFC area BEQ0 Dollars
1. Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable Cost (TVC) Average Variable Cost (AVC) Total Cost (TC) Average Total Cost (ATC) Marginal Cost (MC) 0 $200 $0 $200 1 $200 (A) 30 (H) 230 (M) (S) 2 $200 (B) 50 (I) 250 (N) (T) 3 $200 (C) (F) $26.67 (K) (P) (U) 4 $200 (D) 130 (J) 330 (Q) (V) 5 $200 (E) (G) $40 (L) (R) (W) Refer to Exhibit...
Refer to the table below. Quantity Cost (in dollars) Fixed Costs (in dollars) Total Costs (in dollars) Average Total Costs (in dollars per unit) Average Variable Costs (in dollars per unit) Marginal Costs (in dollars per unit) 0 0 40 40 - - - - - - 1 1 40 55 15 55 15 2 35 40 75 17.5 37.5 20 3 60 40 100 20 33.3 25 4 90 40 130 22.5 32.5 30 5 125 40 155...
42 MC ATC 32 AVC 24 18 14 I0 AFC Quantity 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 1. The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market. a. What level of output should this firm produce in the short run? b. What price should this firm charge in the short run? c....
Marginal Cost (dollars) Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Input Input Variable Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) $500 $0 $500 $200 $500 $400 $500 $600 $500 $800 $500 $1000 Refer to Exhibit 21-3. The average variable cost of producing 45 units of output is a. S2.44 (E) b. S1.60. c. $2.00. d. S1.33. e. $13.33.
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...
The figure given below shows the average fixed cost (AFC) and the average variable cost (AVC) curves of a competitive firm. Figure 1.1 Cost (dollars) -AVC AFC | 1 2 3 4 5 6 7 Quantity Using Figure 1.1 determine the average total cost of producing the first unit of the output. O $10 $20 $30 O $40 $50