Could you please walk me through why the answer to the question below is A?
Homework Answers
Answer
given
AVC<MC<ATC
here, we calculate the first AVC if it is below MC then we calculate the ATC and check the identity is satisfied.
AVC=VC/Q
by options
AVC=2700/200=13.5
AVC=2800/200=14
AVC=4800/200=24
AVC=1800/200=9
By options
AFC=FC/Q
by options
AFC=2350/200=11.75
AFC=2175/200=10.875
AFC=175/200=0.875
AFC=3125/200=15.62500
by option
ATC=AFC+AVC
ATC=13.5+11.75=25.25
option a has MC between AVC and ATC
ATC=14+10.875=24.875
it is not
ATC=24+0.875=24.875
it is also not
ATC=9+15.625=24.625
so the option 'a' is correct as the MC is between AVC and
ATC.
Add Answer to:
Could you please walk me through why the answer to the question
below is A?
22)...
Could you show me how number 3 is solved? 3. The Pinnacle Pickles Company makes small-batch...
Could you show me how number 3 is solved?
3. The Pinnacle Pickles Company makes small-batch pickles from a special recipe. Its goal is to maximize profit. This year it is renting test kitchen space during pickling season at a fined cost (FC) of $1,800 per week, plus variable costs (VC) for labor and ingredients. Weekly output levels (Q, in jars) and associated VC appear below. [VC include returns on owner investment and management effort.) (31%) To lay the foundation...
Can you please walk me through this? NAME DATE SECT QUIZ 4 ECO 222 You are...
Can you please walk me through this?
NAME DATE SECT QUIZ 4 ECO 222 You are a competitive manufacturer of children's tennis shoes. Below is your production data TR TC AVG TOTAL OUTPUT TOTAL REVENUE PRICE ATC MARGINAL MC REVENUE MARGNAL TOTAL PRICE) COST COST TOTAL COST TOTAL PROFIT 1) Complote the Total Revenue and Total Prolt columns 2) Complete the Marginal Coat and Average Total Coal columns 3) Al which quantity of output will you produce in the short-run...
fill out the table question 16 The table below provides cost information for a firm. Use...
fill out the table
question 16
The table below provides cost information for a firm. Use this information to answer the following 3 questions. Quantity MC FC VC 0.5 10 20 30 2 40 13. Is this firm operating in the short run or the long run, and how do you know? a. The firm is operating in the short run because there are fixed costs. b. The firm is operating in the long run because both fixed and variable...
could you please explain #5 and #6? Thank you 3. The Pinnacle Pickles Company makes small...
could you please explain #5 and #6? Thank you
3. The Pinnacle Pickles Company makes small batch pickles from a special recipe. Its goal is to maximize profit. This year it is renting test kitchen space during pickling season at a fixed cost ((FC) of $1,800 per week, plus variable costs (VC) for labor and ingredients. Weekly output levels (Q, in jars) and associated VC appear below. (VC include returns on owner investment and management effort.) (31%) To lay the...
The table below provides cost information for a firm. Use this information to answer the following...
The table below provides cost information for a firm. Use this information to answer the following 3 questions. Quantity MC FC 10 0.5 20 30 2 15 65 13. Is this firm operating in the short run or the long run, and how do you know? a. The firm is operating in the short run because there are fixed costs. b. The firm is operating in the long run because both fixed and variable costs change. C. The firm is...
Question 11 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC,...
Question 11 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC, ATC, and MC. What is the value of X? OUTPUT(Q) FC VC TC AVC ATC MC 10 200 400 х 11 662 Y 12 82 N $40 $600 $6000 $60 Question 10 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the fixed cost when...
please answer all the questions. Thank you! Tutorial IU Chapter 21 - Cost Minimization Chapter 22...
please answer all the questions.
Thank you!
Tutorial IU Chapter 21 - Cost Minimization Chapter 22 - Cost Curves 1. A firm has the production function f (*1, 12) = . Let the price it pays per unit of input 1 bew, and the price it pays per unit of input 2 bet. (a) Find the firm's conditional input demand functions. (b) Find the firm's total (long-run) cost function. (c) How your solution would change if this firm is working...
pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost...
pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost (AFC) [Choose Average Total Cost (ATC) [Choose] Average Variable Cost (AVC) (Choose] Fixed Cost (FC) [Choose] Price (P) (Choose] Profit (IT) [Choose Quantity (0) [Choose] Total Cost (TC) Average Fixed CostxQ Total Revenue (TR) [Choose] Variable Cost (VC) Question 23 ✓ Choose ] Total Revenue - Fixed Cost - Variable Cost ATC - AFC AFC + AVC Price x Quantity Total Revenue - Price...
Please answer and walk me through all of the questions. 1. You are considering investing in...
Please answer and
walk me through all of the questions.
1. You are considering investing in a single stock that has a 50% chance of producing a 20% return. a 25% chance of producing an 8% return, and a 25% chance of producing a-12% return, what is its expected return? Expected r Consider the range of the possible returns for this stock and draw a picture of the dispersion of possible returns. 2. Expected Return on a Portfolio Stock Wtd...
Please answer me in detail. Thank you. Question 9 Suppose that a monopolist faces a demand curve given by P 120-2Q. A m...
Please answer me in detail. Thank you.
Question 9 Suppose that a monopolist faces a demand curve given by P 120-2Q. A monopolist producing only one product has two plants with the following marginal cost functions: MC1 20+2Q1 and MC2-10+502, where MCi and MC2 are the marginal costs in plants 1 and 2, and Q1 and Q2 are the levels of output in each plant, respectively. (a) Find the monopolist's optimal total output (quantity) and price. b) Find the optimal...
Could you show me how number 3 is solved?
3. The Pinnacle Pickles Company makes small-batch pickles from a special recipe. Its goal is to maximize profit. This year it is renting test kitchen space during pickling season at a fined cost (FC) of $1,800 per week, plus variable costs (VC) for labor and ingredients. Weekly output levels (Q, in jars) and associated VC appear below. [VC include returns on owner investment and management effort.) (31%) To lay the foundation...
Can you please walk me through this?
NAME DATE SECT QUIZ 4 ECO 222 You are a competitive manufacturer of children's tennis shoes. Below is your production data TR TC AVG TOTAL OUTPUT TOTAL REVENUE PRICE ATC MARGINAL MC REVENUE MARGNAL TOTAL PRICE) COST COST TOTAL COST TOTAL PROFIT 1) Complote the Total Revenue and Total Prolt columns 2) Complete the Marginal Coat and Average Total Coal columns 3) Al which quantity of output will you produce in the short-run...
fill out the table
question 16
The table below provides cost information for a firm. Use this information to answer the following 3 questions. Quantity MC FC VC 0.5 10 20 30 2 40 13. Is this firm operating in the short run or the long run, and how do you know? a. The firm is operating in the short run because there are fixed costs. b. The firm is operating in the long run because both fixed and variable...
could you please explain #5 and #6? Thank you
3. The Pinnacle Pickles Company makes small batch pickles from a special recipe. Its goal is to maximize profit. This year it is renting test kitchen space during pickling season at a fixed cost ((FC) of $1,800 per week, plus variable costs (VC) for labor and ingredients. Weekly output levels (Q, in jars) and associated VC appear below. (VC include returns on owner investment and management effort.) (31%) To lay the...
The table below provides cost information for a firm. Use this information to answer the following 3 questions. Quantity MC FC 10 0.5 20 30 2 15 65 13. Is this firm operating in the short run or the long run, and how do you know? a. The firm is operating in the short run because there are fixed costs. b. The firm is operating in the long run because both fixed and variable costs change. C. The firm is...
Question 11 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC, ATC, and MC. What is the value of X? OUTPUT(Q) FC VC TC AVC ATC MC 10 200 400 х 11 662 Y 12 82 N $40 $600 $6000 $60 Question 10 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the fixed cost when...
please answer all the questions.
Thank you!
Tutorial IU Chapter 21 - Cost Minimization Chapter 22 - Cost Curves 1. A firm has the production function f (*1, 12) = . Let the price it pays per unit of input 1 bew, and the price it pays per unit of input 2 bet. (a) Find the firm's conditional input demand functions. (b) Find the firm's total (long-run) cost function. (c) How your solution would change if this firm is working...
pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost (AFC) [Choose Average Total Cost (ATC) [Choose] Average Variable Cost (AVC) (Choose] Fixed Cost (FC) [Choose] Price (P) (Choose] Profit (IT) [Choose Quantity (0) [Choose] Total Cost (TC) Average Fixed CostxQ Total Revenue (TR) [Choose] Variable Cost (VC) Question 23 ✓ Choose ] Total Revenue - Fixed Cost - Variable Cost ATC - AFC AFC + AVC Price x Quantity Total Revenue - Price...
Please answer and
walk me through all of the questions.
1. You are considering investing in a single stock that has a 50% chance of producing a 20% return. a 25% chance of producing an 8% return, and a 25% chance of producing a-12% return, what is its expected return? Expected r Consider the range of the possible returns for this stock and draw a picture of the dispersion of possible returns. 2. Expected Return on a Portfolio Stock Wtd...
Please answer me in detail. Thank you.
Question 9 Suppose that a monopolist faces a demand curve given by P 120-2Q. A monopolist producing only one product has two plants with the following marginal cost functions: MC1 20+2Q1 and MC2-10+502, where MCi and MC2 are the marginal costs in plants 1 and 2, and Q1 and Q2 are the levels of output in each plant, respectively. (a) Find the monopolist's optimal total output (quantity) and price. b) Find the optimal...
Most questions answered within 3 hours.
-
Assume a class has 19 members.
a. In how many ways can a president, a vice...
asked 1 minute from now -
Claim: At most 81% of adults do not have hypertension. When 869
randomly selected adults were...
asked 13 seconds ago -
2. Construct a business plan for your proposed business in
question 1, paying particular attention to:...
asked 41 seconds ago -
offering the survey (maybe via smart phones) is a good idea?
why?
asked 3 minutes ago -
Implement a Full Adder with two 4x1 Mux and the MSB as possible
inputs of the...
asked 6 minutes ago -
1. Choose a work situation in which you were required to do a
lot of creative...
asked 6 minutes ago -
An aqueous solution of barium hydroxide is
standardized by titration with a 0.196 M solution
of...
asked 47 minutes ago -
accorsing to the data from thw college board, the mean wuantitive
Sat score for s demale...
asked 1 hour ago -
1- What are 5 general characteristics of Botticelli’s
paintings?
2- Describe 5 important traits of Flemish...
asked 3 hours ago -
A golfer claims that his average golf score at the course he
plays regularly is less...
asked 3 hours ago -
On May 1, First Bank perfected a security interest in Debtor’s
inventory. On June 1, Bob...
asked 4 hours ago -
A new kind of typhoid shot is being developed by a medical
research team. The old...
asked 6 hours ago