A firm’s total costs are $5000 when it is producing 40 units. Its average variable costs are $100. What are its average fixed costs?
Select one:
a. $125
b. $25
c. $1000
d. $4000
A firm’s total costs are $5000 when it is producing 40 units. Its average variable costs...
Assume the Green Corporation is producing 25 units of output in a purely competitive market. The firm’s marginal revenue is $15. Its total fixed costs are $100 and its average variable cost is $3 at 25 units of output. This corporation is realizing an economic profit of $?
If average total costs at 51 units of output are greater than average total costs at 50 units of output, then which of the following is NOT true? Select one: a. average variable costs are increasing at 50 units b. marginal costs are increasing at 50 units c. average fixed costs are increasing at 50 units d. marginal costs are greater than average total costs at 50 units
When the Frame Factory is producing 1,500 frames, total cost is $225,000 and variable cost is $180,000. What do average fixed costs equal at 1,500 units? a.$45,000 b.$30 c.$225,000 d.$150
Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs Output (Q) Fixed Costs Variable Costs Costs $500 $200 1 $800 2 $875 $75 3 $925 4 $100 5 $625 What is the total cost of producing five units of the good? $1,050 $1,025 $825 $1,000 $950
a-What are the daily total fixed costs of producing LCD screens? b-What are the total variable costs of producing 100LCD screens per c -What are the total costs of producing 100 LCD d -What is screens per day? firt determine the toha miuin 100Dstesinsed od 9Toaswer thiqeu marginal cost of alternatively, the total variable costs-of producing 99 LD of 99? (Hint: To answer this question, you must 20- A basic problem with the infant-industry argument is that: a. most industries...
Harper Inc. has fixed costs of $660,000 when it produces 375,000 units. Its total variable costs are $120,000. When Harper Inc. produces 460,000 units, its total variable costs will be A. 120,000 B. 171,600 C. 119,600 D. 147,200
a firms average total cost is 60 its average variable
cost is 30 and its total fixed cost is 600. its output
6 per unit A firm's average total cost is $60, its average variable cost is $30, and its total fixed cost is $600. Its output is Select one 2.20 Units b. 50 Units 30 Units od 40 Units Today, firms in a perfectly competitive market are making an economic profit in the long run, firms will market until...
A firm is producing 4 units of output at an average total cost of $50. When the firm produces 5 units of output, average total cost falls to $45. What is the marginal cost of the fifth unit of output? A. $10 B. $25 C. $45 D. $70
6) If the average variable cost of producing 10 units is $18 and the average variable cost of producing 11 units is $20, we know that, between 10 and 11 units of output, A) marginal cost is increasing. B) average total cost is increasing. C) average fixed cost is increasing. D) total cost is either increasing or decreasing. E) none of the above Use the figure below to answer the following questions. Price (dollars per inhaler) 10 7 4. 2...
roducing 100 units is $49 + 12. Suppose fixed costs are $500, and the total costs of producing 100 unit a. What are the variable costs of producing 100 units. b. Write out the total cost equation assuming variable costs are linear. Tu may sound hard, but it is just the equation for total costs as a function output: TC =? c. What is the marginal cost of the 50th unit of output? d. What is the average total cost...