TP | TFC | TVC | TC | AVC | ATC | MC |
0 | 100 | 0 | 100 | |||
1 | 100 | 30 | 130 | 30 | 130 | 30 |
2 | 100 | 50 | 150 | 25 | 75 | 20 |
3 | 100 | 60 | 160 | 20 | 53.3 | 10 |
4 | 100 | 64 | 164 | 16 | 41 | 4 |
5 | 100 | 90 | 190 | 18 | 38 | 26 |
6 | 100 | 126 | 226 | 21 | 37.7 | 36 |
7 | 100 | 168 | 268 | 24 | 38.3 | 42 |
8 | 100 | 218 | 318 | 27.25 | 39.8 | 50 |
TVC=AVC*Q
TFC=First of total cost
TC=TFC+TVC
AVC=VC/Q
ATC=TC/Q
MC=change in TC/change in Q
This is short run as there are fixed costs.In the long run, all the costs are variable
Can you show me how to to and expain to me how to conplete this table?!...
Can you show me how to to and expain to me how to conplete this table?! L Complete the following cost table describing the short run costs for Magenta Magnets: ti 10 Total Product (magnets) Total Fixed Costs (TFC) Total Variable Costs (TVC) Total Costs (TC) $100 Average Variable Costs (AVC) Average Total Costs (ATC) Marginal Cost (MC) $0 $30 $30 20 25 20 18 21 24 218 How do you know this is the short run? Explain
graph the short-run average cost curves. explain how you got each. (total revenue, Marg rev, MPL, TFC, TVC, TC, AFC, AVC, ATC) bakers (L) cakes (0) Total Revenue Marg Rev MPL TFC TVC T C AFC AVC ATC MC P(cake) Fixed Fixed cost wage $6 each capital $200 $50 per baker 20 38 56 73 104 133 158 191 219 250 277 296
Consider the following table of costs: Output Total Variable Costs Total Costs 0 $0 $30 1 20 50 2 30 60 3 48 78 4 90 120 5 170 200 a) Plot the total fixed cost (TFC) curve, the total variable cost (TVC) curve, and the total cost (TC) curve on the same graph. b) Briefly explain the reason for the shape of the cost curves in part (a). c) Add to the...
I need help with the table and the formula. Each variable must have 2 formulas 1) Complete the following table of cost figures: Output TVC TC AVC ATC MC 3.0 : - . . 9.2 . . . . - . 2.38 . . 4.0 . . . 2.2 . 5.0 . . 23.9 . - 36.9 - - 2) Write all formula on how to calculate each of the column heading: TVC Labor x Wages TO ATCX Q AVC...
1. Using the table below, a price of $6 for the output (Py), a cost of $10 per unit of variable input (Px), and a TFC of $200, compute the three total costs (TVC, TFC, TC), the three average costs (AVC, AFC, ATC) and the marginal cost (MC). (28 points) (Please show work for all the questions) TFC TVC TC AFC AVC ATC MC Variable Output Input (bushels) 0 0 10 35 20 75 30 105 40 130 SO 140...
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...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced Total Cost 0 $ 120 1 135 2 148 3 159 ...
Consider a day for a local junk removal company. The inputs the company uses to haul junk are two employees each paid an hourly wage of $15 per hour and a moving truck, which costs $100 (splitting the cost of ownership over periods). Each hauling job takes 1 hour. Are labor hours a fixed or variable input? Explain. Is the moving truck a fixed or variable input? Explain. Determine the total cost (TC), total fixed cost (TFC), total variable cost...
e. If Total Variable Costs were $20 greater at each level of output, what would happen to the location of the: (1) AFC curve? (2) AVC curve? (3) ATC curve? Normal textTimes New. 12 BTUA 0 - 1 E E EE 4 230 3. A firm has Short-Run Costs as indicated in the table below. Total TC TFC TVC ATC AFC AVC МС Product 0 $ 80 $ 80 $0 125 80 45 $125 $80 $45 45 $45 2 165...
Complete the following short-run cost table using the information provided. Total product TFC AFC TVC AVC TC MC 0 0.0 1 3.0 2 5.0 5.0 3 9.0 7. (10 points) Answer the questions below on the basis of the above graph. (a) (3 points-1 point for short run; 1 point for long run; 1 point for how you can tell) How can you tell if these cost curves are for the short run or the long run? (b) (7 points)...