Homework Answers
MC = Change in TC/change in Q
Change in Q = 16-10 =6
MC = 30
Change in TC = 30*6 = 180
x = 100+200 = 300
y = 300+180 = 480
option(B)
Add Answer to:
In the following table, "T" stands for the amount of a particular variable input. Assume the...
QUESTION 22 In the following table, "T" stands for the amount of a particular variable input. Assume the model of p...
QUESTION 22 In the following table, "T" stands for the amount of a particular variable input. Assume the model of perfect competition. Output 10 TVC TFC 100 200 7.6 16 What is the value of w? 100 200 300 can't say: insufficient information OO
1. Using the table below, a price of $6 for the output (Py), a cost of...
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...
2. (15 points) The table below gives the amount of output (Q) that can be produced...
2. (15 points) The table below gives the amount of output (Q) that can be produced with various combinations of capital (K) and labor (L K L Q TFC TVC TC ATC MC 10 0 0 10 1 14 10 2 35 10 3 62 10 4 91 10 5 121 The price of labor is w=$100/unit and the price of capital is v=$50/unit. Complete the above cost schedule by determining total fixed cost (TFC), total variable cost (TVC), total...
2. Use the following table to answer the questions listed below. Output TC TFC...
2. Use the following table to answer the questions listed below. Output TC TFC TVC AFC AVC ATC MC 0 $100 $ $ $ $ $ $ 1 $150 $ $ $ $ $ $ 2 $225 $ $ $ $ $ $ 3 $230 $ $ $ $ $ $ 4 $300 $ $ ...
B. Short-Run Cost of Production Schedule - Product X (Perfect Competition) (A) Assume price = $250;...
B. Short-Run Cost of Production Schedule - Product X (Perfect Competition) (A) Assume price = $250; Calculate total profit/loss using TR - TC method. (B) Calculate Output using the formula: Profit = (Price - ATC) XQ Hint: construct a new table to find new output at the different levels of ATC values (in first table) and profit in table 2 when price is $250. (C) Calculate Output using the formula: Profit = (Price - ATC) XQ Hint: construct a new...
Using the information in the table, total fixed costs equals $ Supporting Materials Question 15 According...
Using the information in the table, total fixed costs equals
$
Supporting Materials
Question 15
According to the information in the table, what is total
variable cost when producing zero bushels of corn?
$
Supporting Materials
Question 16
Costs
4 mgd plant
8 mgd plant
12 mgd plant
Water Intake
$19,000,000
$21,000,000
$22,000,000
Water Treatment Plant
$41,000,000
$55,000,000
$68,000,000
Design
$15,000,000
$18,000,000
$21,000,000
TOTAL COSTS
$75,000,000
$94,000,000
$111,000,000
The table below shows the costs to construct a municipal water
treatment...
Consider the following table where each column is the value for the corresponding variable in the...
Consider the following table where each column is the value for the corresponding variable in the following list respectively. Y с lp GX IM T 2500 2000 300 800 600 200 100 5500 4200 400 800 600 500 200 8500 6400 500 800 600 800 300 The equilibrium level of output is 2500 G 8500 7500 5500 6500 Consider the following table where each column is the value for the corresponding variable in the following list respectively. Y с IpG...
Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable...
Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable Cost (TVC) Average Variable Cost (AVC) Total Cost (TC) Average Total Cost (ATC) Marginal Cost (MC) 0 $200 $0 $200 1 $200 (A) 30 (H) 230 (M) (S) 2 $200 (B) 50 (I) 250 (N) (T) 3 $200 (C) (F) $26.67 (K) (P) (U) 4 $200 (D) 130 (J) 330 (Q) (V) 5 $200 (E) (G) $40 (L) (R) (W) Refer to Exhibit 22-13. What...
Short-Run Relationships - Fixed, Variable, and Total Costs Exercise 1 Marcel leases a garage. He must...
Short-Run Relationships - Fixed, Variable, and Total Costs Exercise 1 Marcel leases a garage. He must pay $500 every week for his lease regardless of how many cars he fores. The number of cars hef each week depends on how many mechanics he hires. The table below summarizes his cost information Instructions: Enter your answers as a whole number. a. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Marcel's...
х JUUD Heading 1 Heading 3 1 Normal 1 No Spac... Heading 2 Head ht Styles...
х JUUD Heading 1 Heading 3 1 Normal 1 No Spac... Heading 2 Head ht Styles MC AFC AVC ATC 1 Paragraph A. Short-Run Costs of a Production Schedule. Calculate Table OUTPUT TFC TVC TC 0 200 0 200 175 2 200 300 3 200 500 4 200 800 5 200 1,200 6 200 1,700 7 200 2,300 Determine the following: 1. What is the behīvior of the TC as Output increases? Answer the same question in regard to the...
QUESTION 22 In the following table, "T" stands for the amount of a particular variable input. Assume the model of perfect competition. Output 10 TVC TFC 100 200 7.6 16 What is the value of w? 100 200 300 can't say: insufficient information OO
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...
B. Short-Run Cost of Production Schedule - Product X (Perfect Competition) (A) Assume price = $250; Calculate total profit/loss using TR - TC method. (B) Calculate Output using the formula: Profit = (Price - ATC) XQ Hint: construct a new table to find new output at the different levels of ATC values (in first table) and profit in table 2 when price is $250. (C) Calculate Output using the formula: Profit = (Price - ATC) XQ Hint: construct a new...
Using the information in the table, total fixed costs equals
$
Supporting Materials
Question 15
According to the information in the table, what is total
variable cost when producing zero bushels of corn?
$
Supporting Materials
Question 16
Costs
4 mgd plant
8 mgd plant
12 mgd plant
Water Intake
$19,000,000
$21,000,000
$22,000,000
Water Treatment Plant
$41,000,000
$55,000,000
$68,000,000
Design
$15,000,000
$18,000,000
$21,000,000
TOTAL COSTS
$75,000,000
$94,000,000
$111,000,000
The table below shows the costs to construct a municipal water
treatment...
Consider the following table where each column is the value for the corresponding variable in the following list respectively. Y с lp GX IM T 2500 2000 300 800 600 200 100 5500 4200 400 800 600 500 200 8500 6400 500 800 600 800 300 The equilibrium level of output is 2500 G 8500 7500 5500 6500 Consider the following table where each column is the value for the corresponding variable in the following list respectively. Y с IpG...
Short-Run Relationships - Fixed, Variable, and Total Costs Exercise 1 Marcel leases a garage. He must pay $500 every week for his lease regardless of how many cars he fores. The number of cars hef each week depends on how many mechanics he hires. The table below summarizes his cost information Instructions: Enter your answers as a whole number. a. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Marcel's...
х JUUD Heading 1 Heading 3 1 Normal 1 No Spac... Heading 2 Head ht Styles MC AFC AVC ATC 1 Paragraph A. Short-Run Costs of a Production Schedule. Calculate Table OUTPUT TFC TVC TC 0 200 0 200 175 2 200 300 3 200 500 4 200 800 5 200 1,200 6 200 1,700 7 200 2,300 Determine the following: 1. What is the behīvior of the TC as Output increases? Answer the same question in regard to the...
Most questions answered within 3 hours.
-
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 1 hour ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 1 hour ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 2 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 3 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 4 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 4 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 4 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 5 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 5 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 5 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 5 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 6 hours ago