2 Average | Average Average Total Fixed Variable Total Marginal Product Cost Cost Cost Cost 1...
Question 19 5 pts Р MC ATC P D = MR 0 Refer to the accompanying graphs for a competitive market in the short run. Which of the following statements is true? o The representative firm will increase production. o The representative firm is experiencing economic losses. o The representative firm is breaking even. o The representative firm is making economic profits. Question 22 6 pts Total Product 2 الحية 4 Average Fixed Cost $150.00 75.00 50.00 37.50 30.00 25.00...
QueSLUIT 14 Supply or (МС Dollars MR Q Q3 Q, Quantity If the industry depicted in the graph is purely monopolistic, the profit-maximizing price and quantity will be P2 and Qz. P, and Qu. OP3 and 23. Indeterminate on the basis of the information given. Movistatomastion will save this response Moving to another question will save this respo Question 20 98.00 Total Product Average Fixed Cost Average Variable Average Total Cost Marginal Cost $150.00 $25.00 $175.00 $25.00 75.00 23.00 50.00...
Total Product Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 $100.00 $17.00 $117.00 $17 2 50.00 16.00 66.00 15 3 33.33 15.00 48.33 13 4 25.00 14.25 39.25 12 5 20.00 14.00 34.00 13 6 16.67 14.00 30.67 14 7 14.29 15.71 30.00 26 8 12.50 17.50 30.00 30 9 11.11 19.44 30.55 35 10 10.00 21.60 31.60 41 11 9.09 24.00 33.09 48 12 8.33 26.67 35.00 56 The accompanying table gives cost data for...
- 4 Average Fixed Average Variable Average Total Total Product Cost Cost Cost Marginal Cost 1 $100.00 $17.00 $117.00 $17 2 50.00 16.00 66.00 151 3 33.33 15.00 48.33 13 25.00 14.25 39.25 121 5 20.00 14.00 34.00 13 6 16.67 14.00 30.67 14 7 14.29 15.71 30.00 26 8 12.50 17.50 30.00 30 9 11.11 19.44 30.55 35 10 10.00 21.60 31.60 41 11 9.09 24.00 33.09 48 121 8.33 26.67 35.00 56 The accompanying table gives cost data...
Let F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the average variable cost, and AC, the average cost. Complete the following cost table. (Enter numeric responses rounded to two decimal places.) Output (q) F $250 VC C $80 $330 140 390 180 430 200 240 490 250 250 250 Ə00 voo AW N- MC AFC AVC AC...
Let F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the average variable cost, and AC, the average cost. Complete the following cost table. (Enter numeric responses rounded to two decimal places.) Output (q) F $250 250 250 250 250 VCC $80 $330 140 390 180 430 200 0 240 490 Əo o voo AW N- MC AFC...
Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0 0 200 0 200 1 20 20 200 100 300 300 5.00 2 50 30 200 200 400 200 3.33 3 90 40 200 300 500 166.67 2.50 4 120 30 200 400 600 150 3.33 5 140 20 200 500 700 140 5.00 6 150 10 200 600 800 133.33 10.00 7 155 5 200 700 900 128.57 20.00 a. Fill in the...
i l Cort Total Product Average Fixed Average Average Total M Cost Variable Cost Cost 0.00 $ 0.00 S 6 0.00 45.00 S 105.00 S 2 s 30.00 S 42.50 $ 72.50 $ S 20.00 S 40.00 S 60.00 S 15.00 S 37.50 $ 52.50 $ 12.00 S 37.00 S 49.00 S 10.00 S 37.50 S 47.50 S 8.571 $ 38.57 S 47.14 S $ 7.50 S 40.63 S 48.13 S 9S 43.33 S 10 $ 6.00 $ 46.50 $...
Assume the following cost data are for a purely competitive producer: Average fixed Total Product Average variable cost Average total cost Marginal cost cost $45 40 can AWN $60.00 30.00 20.00 15.00 12.00 10.00 8.57 $45.00 42.50 40.00 37.50 37.00 37.50 38.57 40.63 43.33 46.50 $105.00 72.50 60.00 52.50 49.00 47.50 47.14 48.13 50.00 52.50 7.50 6.67 6.00 (1) (3) (2) Quantity supplied, single firm (4) Quantity supplied, 1500 firms Price Profit (+) or loss (1) $26 32 e. Explain:...
Question 25 2 pts Total Average Total Average Variable Revenue Cost Fixed Cost Cost $1.080 $757 $20.47 $30.00 $1,120 $789 $21.19 $28.13 $1,156 $825 $22.06 $26.47 $1,188 $865 $23.06 $25.00 $1,216 $910 $24.21 $23.68 Based on the information in this table, what are Fixed Costs? (Enter only the answer value, exclude FC = just enter the number.) Question 27 2 pts $757 Total Total Average Average Variable Fixed Revenue Cost Cost Cost $1,080 $20.47 $30.00 $1,120 $789 $21.19 $28.13 $1,156...