Question

FC VCTC AFC AVC ATC MCP Profit 190 100 280 250 25 112.5 98 130 260 1390 1750Fill in the chart.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

a FC TC TR MR 0 vc 100 ... 100 100 100 190 190 190 0... 190 380 570 100 190 100 760 AFC AVC ATC MCP 100 .. ... ... ... 200 10

TC=TVC+TFC

ATC=TC/Q

AVC=VC/Q

AFC=FC/Q

MC=TCn-TCn-1

Add a comment
Know the answer?
Add Answer to:
Fill in the chart. FC VCTC AFC AVC ATC MCP Profit 190 100 280 250 25...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. A monopoly is facing an inverse demand curve that is p=200-5q. There is no fixed cost and the marginal cost of produc...

    1. A monopoly is facing an inverse demand curve that is p=200-5q. There is no fixed cost and the marginal cost of production is given and it is equal to 50. Find the total revenue function. Find marginal revenue (MR). Draw a graph showing inverse demand, MR, and marginal cost (MC). Find the quantity (q) that maximizes the profit. Find price (p) that maximizes the profit. Find total cost (TC), total revenue (TR), and profit made by this firm. Find...

  • Fill in the table: VC AVC TC 25 Output FC AFC ATC MC 15 47 25...

    Fill in the table: VC AVC TC 25 Output FC AFC ATC MC 15 47 25 30 40 4 6 12 109 20 10 130 Also give a explanation how you calculated those values (ex: First I was able to calculate...then I was able to fill this column, etc.) and give the formulas that you used. Do not submit only the table without any explanation. You have to bring a print version of your homework (no hand writin

  • Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded...

    Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded to two decimal places. Units (Q) VC($) TC($) MC($) | AFC($) AVC($) ATC($) FC($) 100 100 100 100 100 100 40 60 TDTT 70 85 130 (Note: Marginal costs should be interpreted as between levels of output.)

  •    Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete...

       Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete the blank columns (5 points). Please create a table like mine and fill it. (b) Assume the price of this product equals $10. What's the profit-maximizing output (q)? (3 points). Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing a where P=MC.(2 points) (c) What is the profit? (3 points) TOTAL COST (TC) - the...

  • Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1...

    Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1 150 100 50 100 50 150 50 2 225 100 125 50 62.5 112.5 75 3 230 100 130 33.33 43.33 76.67 5 4 300 100 200 25 50 75 70 5 400 100 300 20 60 80 100 Graph the average and marginal cost curves from the previous question. What would be the optimal output, assuming you want to minimize diminishing returns?

  • 4. Fill out the table using cost formulas (Ch.2). AFC AVC MC ATC TC 140 168...

    4. Fill out the table using cost formulas (Ch.2). AFC AVC MC ATC TC 140 168 196 224 252 280 308 336 364 392 420 448 476 0 28 56 0 140 140 140 140 140 140 140 140 140 140 140 27 47 112 140 168 196 224 252 280 308 336 83 98 122 131 138 143 146 140 140 Indicate rows where ATC is minimized.... Where AVC is minimized.

  • L K Q VC FC TC AVC AFC ATC MC 0 5 0 0 5 5...

    L K Q VC FC TC AVC AFC ATC MC 0 5 0 0 5 5 1 5 2 2 5 7 1.00 2.50 3.50 1.00 2 5 6 4 5 9 0.67 0.83 1.50 0.50 3 5 12 6 5 11 0.50 0.42 0.92 0.33 4 5 19 8 5 13 0.42 0.26 0.68 0.29 5 5 25 10 5 15 0.40 0.20 0.60 0.33 6 5 28 12 5 17 0.43 0.18 0.61 0.67 7 5 29 14...

  • Complete the following chart. Quantity Total Cost (TC) Total Fixed Cost (FC) Total Variable Cost (VC)...

    Complete the following chart. Quantity Total Cost (TC) Total Fixed Cost (FC) Total Variable Cost (VC) Average Total Cost (ATC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Marginal Cost 0 100 0 1 50 2 80 3 100 4 110 5 130 6 160 7 200 8 250 9 310 10 380

  • Output Total Cost Fixed Cost Variable Cost AFC AVC ATC MC 0 50 1 130 2...

    Output Total Cost Fixed Cost Variable Cost AFC AVC ATC MC 0 50 1 130 2 190 3 230 4 250 5 310 6 400 7 540 8 800 9 1200 The market supply curve is the sum of the marginal cost curves of all the firms in the market. The market supply of a competitive industry is determined by:

  • Q FC VC TC AFC AVC ATC MC 0 15 000 0 15 000 - -...

    Q FC VC TC AFC AVC ATC MC 0 15 000 0 15 000 - - - - 100 15 000 15 000 30 000 150 150 300 15 000 200 15 000 25 000 40 000 75 125 200 10 000 300 15 000 37 500 52 500 50 125 175 12 500 400 15 000 75 000 90 000 375 187.5 225 37 500 500 15 000 147 500 162 500 30 295 325 72500 600 15 000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT