The answer is option A- total fixed cost divided by quantity
The average fixed cost (AFC) in economics is the fixed cost of production (FC) divided by the quantity (Q) of output produced. Fixed costs are those costs incurred in fixed amounts regardless of the level of output generated.
Average fixed cost is defined as: O A. total fixed cost divided by quantity OB. the...
1)Which of the following statements is true? A. Average fixed cost equals total fixed cost divided by total output. B. Average total cost always falls as output increases. C. Average fixed cost equals average total cost plus average variable cost. D. Average variable cost is always greater than average fixed cost. 2) As output increases, average fixed cost A. remains constant. B. always decreases. C. decreases, then increases. D. increases, then decreases. 3) Average total cost minus average variable cost...
Total cost divided by the quantity of output the firm chooses when it can choose a production facility of any size describes: O A. the short-run marginal cost of production. OB. the long-run average cost of production. O C. the long-run marginal cost of production. OD. the short-run average cost of production.
Average total cost equals: O A. average fixed cost plus average variable cost. O B. average fixed cost minus average variable cost. O C. total cost minus average cost. OD. total fixed cost plus total variable cost.
Matching (15 pts) a.) Average fixed costs b.) Average product c.) Average total cost d.) Average variable cost e.) Diseconomies of scale f.) Economies of scale 9.) Fixed costs m.) Optimal output rule h.) Law of diminishing marginal productivity n.) Profit i.) Long run 0.) Short run 1.) Marginal cost p.) Total cost k.) Marginal product q.) Total product 1.) Marginal revenue r.) Variable costs 1.) Total revenue minus total cost 2.) The sum of total fixed and total variable...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average total cost cost cost cost $40.00 $72.00 $105.00 $40.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average total cost when producing three units? average total cost: $ What is the average variable cost when producing four units? average variable cost: $ average variable...
Production-Costs. Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost $25 FE FF LL MM GG $13.25 HH UU $16 BB 522 CC vy DD KK $22.75 ww Solve for the missing entries in the above table. Round all average cost calculations to the nearest cent
Quantity Total Cost Fixed Cost Variable Marginal Cost Cost Average Average Fixed Cost Average Variable Cost Total Cost $50 SO B $50 $150 G M D 12 3 А H N с $120 P E K $120 р k R What is the value of B? $50 $25 $100 $200
Select choices which are true about Average Total Costs. (Select all that apply.) (change in Total Cost) divided by (change in Quantity) always vertical (Total Variable Cost plus Total Fixed Cost) divided by Quantity crosses Average Variable Cost at minimum point of Average Variable Cost Average Variable Cost plus Average Fixed Cost Total Cost divided by Quantity
AGE MINDTAP Q Search thi 45 Table 13-14 Quantity Fixed Average Total Average Fixed Cost Average Variable Cost Variable Cost $23 Total Cost $33 Output Marginal Cost Cost Cost $38 o 3 $60 o $54 o $80 o $88 o $113 o o Refer to Table 13-14. What is the average total cost of producing 6 units of output? a $19.67 1000 b. 520.00 $16.33 d. 21.86 MacBook Air
Quantity Total cost Total Variable Cost Total Fixed Cost Average Total Cost Average Variable Cost Average Fixed Cost Marginal Cost 0 40 0 40 -- -- -- -- 1 55 15 40 55 15 40 15 2 75 35 40 37.5 17.5 20 20 3 100 60 40 33.33 20 13.33 25 4 130 90 40 32.5 22.5 10 30 5 165 125 40 33 25 8 35 6 205 165 40 34.16 27.5 6.66 40 please graph this