When the Price is equal to 5
the firm will set P=MC for profit maximization to find the output
Q = 4
TR = 4*5 = 20
Option(A)
VC TC ATC AVC MC 6 8 8 2 2 2.5 11 5.5 15 5 3 14 20 5 3.5 20 26 5.2 4 27 33 6.6 4.5 The blueberry pie bakery in Paradise, Texas, has the cost schedule described in Table 2. above, where Variable. Total Average Total Average variable and Marginal costs are represented 20 26 33 27 5.2 6.6 27 33 4.5 7 The blueberry pie bakery in Paradise, Texas, has the cost schedule, described in Table...
TC ATC AVC МС 6 2 5.5 2.5 11 15 3 20 5 3.5 26 5.2 4 33 6.6 4.5 The blueberry pie bakery in Paradise, Texas, has the cost schedule, described in Table 2. above, where Variable. Total Average Total Average variable and Martinal costs are represented. Chok Save and Subto save and submit. Click Save All Amers to all answers Save As Answers 20 26 5.2 6.6 uu 4 4.5 33 7 The blueberry pie bakery in Pal...
26. The value of "U" in the chart below is: Quantity FC VC TC MC AVC ATC U 24 - 14 12 A) 0 B) 8 C) 12 D) 24 1 e 0 27. (Table) Based on the table, suppose the coffee plant experiences fixed costs of $35. At two units of production, the firm would have total costs of: VC $25 1 $40 2 $55 3 $70 4 $85 A) $60. B) $20. C) $90. D) $55. 28. Specialization...
Find FC, VC, TC, AFC, AVC, ATC, and MC from the following table. Capital costs $50 per unit, and two units of capital are used in the short run. Labor costs $20 per unit. 7. Total Cost Average Average Marginal Variable Cost |(MC) Fixed Units of Units of Variable Average Fixed Labor (L) Cost (FC) Cost (VC) (TC) Total Cost Output (ATC) (Q) Cost Cost (AFC) (AVC) 0 0 1 2 2 4 3 6 4 8 10
Question 26 (1 point) THI MC $12 $11 $10 $9 $8 $7 $6 ATC Cost of Flashlights AVC $3 $2 $1 $0 0 1 2 8 9 10 3 4 5 6 7 Quantity of Flashlights The above graph shows the average total cost (ATC) marginal cost (MC) and average variable cost (AVC) for a flashlight producer. What is this producer's fixed costs? The above graph shows the average total cost (ATC) marginal cost (MC) and average variable cost (AVC)...
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...
MC ATC Cost of Flashlights $12 $11 $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 $0 0 1 AVC 2 3 4 5 6 7 8 9 10 Quantity of Flashlights The above graph shows the average total cost (ATC) marginal cost (MC) and average variable cost (AVC) for a flashlight producer. What is this producer's fixed costs? $7 $10 $13 $5 $
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...
Quantity FC VC AFC AVC ATC MC [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] 30
6-9 please Use the following table to answer questions 6-9: Number of VC MC AVC Earrings FCTC AFC ATC 0 B 2 30 А 20 D 180 6) What should the value for "A" be? a) 15 b) 20 c) 25 d) 30 e) 35 7) What should the value for "B" be? a) 50 b) 60 c) 70 d) 80 e) None of the above. 8) What should the value for "C" be? a) 36.67 b) 40 c) 43.33...