VC TC ATC AVC MC O 6 2 8 8 2 5 11 5.5 2.5 9 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 Martial costs are represented 20 26 5. 24 6.6 4.5 27 1 The blueberry pie bakery in Pal Table 2 Exas, has the cost schedule,...
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...
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
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...
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...
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)...
$ per unit MC ATC MR $20 AVC 5 10 15 20 25 30 Output (g) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Calculate the firm's profit. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)
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 $
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...
$20 $18 ATC MC $16 $14 $ $12 Cost of Sweatpants $10 $8 AVC $6 $4 $2. $0 7 Cost Curves Sweatpants Firm 1 2 10 O 3 4 5 6 7 8 9 Quantity of Sweatpants The above graph contains the average total cost, marginal cost, and average variable cost for a small firm that produces sweatpants. Assume the market for sweatpants is perfectly competitive and all sweatpants firms have the same costs. What is the long-run equilibrium price...