ZuoTi.Pro
Question

Question 22 3 pts 22. According to the information from question 20, variable cost at an output of 5 equals: $172 $62 $212 $6


Question 20 IQ ITC FC 3 pts vc ATC AFC AVC $40 $50 MC 20. According to the table above, total cost at an output of 4 equals:
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

22) VC at Q = 5

TC at Q = 4 = 50*4 =200

TC at Q = 5 = 200+12 = 212

VC = TC-FC = 212-40 = 172

Option (A)

23) AFC = FC/Q

= 40/10

= 4

Option (D)

0 0
Add a comment
Know the answer?
Add Answer to:
Question 22 3 pts 22. According to the information from question 20, variable cost at an...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost...

    pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost (AFC) [Choose Average Total Cost (ATC) [Choose] Average Variable Cost (AVC) (Choose] Fixed Cost (FC) [Choose] Price (P) (Choose] Profit (IT) [Choose Quantity (0) [Choose] Total Cost (TC) Average Fixed CostxQ Total Revenue (TR) [Choose] Variable Cost (VC) Question 23 ✓ Choose ] Total Revenue - Fixed Cost - Variable Cost ATC - AFC AFC + AVC Price x Quantity Total Revenue - Price...

  • I FC ve ATC AFC Ave 20. According to the table above, total cost output of...

    I FC ve ATC AFC Ave 20. According to the table above, total cost output of 4 equal 5130 5200 Question 21 3 pts 21. According to the information from gestion 20. variable contatoutout of 4 5200 22. According to the information from question 20. variable cost at an output of equal 53460 5172 5212 560 Question 23 3pt 23. According to the information from Question 20, average cost at an output of 10 quals 500 $5

  • D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve,...

    D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the variable cost when the quantity (Q) being produced is 6? P MC ATC /AVC $15 $11 $8 Q O $66 $8 O $15 $11 Question 8 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average...

  • Question 11 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC,...

    Question 11 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC, ATC, and MC. What is the value of X? OUTPUT(Q) FC VC TC AVC ATC MC 10 200 400 х 11 662 Y 12 82 N $40 $600 $6000 $60 Question 10 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the fixed cost when...

  • 62 ATC 57 51 33 30 27 AVC 23 20 16 MC 12 Q 0 10...

    62 ATC 57 51 33 30 27 AVC 23 20 16 MC 12 Q 0 10 12 60 70 P=$16 results in The smallest costs can be in the short-run are: 0 O MC ОТС O VC FC 62 ATC 57 51 33 30 27 AVC 23 20 16 МС, 12 0 10 12 60 70 P=$12 results in Q' of ATC 62 57 51 33 30 27 AVC 23 20 16 MC 12 0 10 12 60 70 P=$12...

  • The cost table below has enough information for you to completely fill out the blanks in...

    The cost table below has enough information for you to completely fill out the blanks in the five rows (output 0, 1, 2, 3, 4). Here is a hint: at Q=4 you are told that AFC is 30. Since AFC=FC/Q, you know that FC must be 120. And, of course FC is the same for all output levels, including zero. Now you have the first column completed! FC VC TC MC AFC AVC ATC 10 168

  • Question 3 1 pts Refer to Table 1. When L 3, ATC= O 13.33 O 35.00 O 5.625 O 4.17 Question 4 1 pts Refer to T...

    Question 3 1 pts Refer to Table 1. When L 3, ATC= O 13.33 O 35.00 O 5.625 O 4.17 Question 4 1 pts Refer to Tablo 1 1f th Table 1. Production and Cost Functions of a Firm Suppose Kis the fixed input and L the variable input. Price of K=$6; Price of L =? K LITP MP FC VC TC AFC AVC ATC MC 5.00 1 2 2 4 3 10 4 8 5 29 6 32 7...

  • Question 13 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC,...

    Question 13 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC, ATC, and MC. What is the value of Z? OUTPUT (Q) FC VC TC AVC ATC MC 10 500 800 X 11 1490 Y 12 250 N $45 $450 $145 $3000 Question 12 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC, ATC, and MC. What is the value of Y? OUTPUT(Q) FC VC TC AVC ATC MC 10...

  • Eco 3020 HW 6 Name: 4. Use Excel and the data from problem "3." to construct...

    Eco 3020 HW 6 Name: 4. Use Excel and the data from problem "3." to construct 2 graphs. The first should contain the ATC, AVC, and MC curves. The second should contain FC, VC, and TC curves. Note, you will have to compute values for FC, VC, and TC. That said, please include these data points in your solutions (5 pts). ATG AFC AVC MC To ус [Бо 120 Чо 40 160 . 9s 40 зS 30 14 з 70...

  • for question 2 use the information in picture 2 and use as much deatil as possible....

    for question 2 use the information in picture 2 and use as much deatil as possible. 2) With "generic" graphs, illustrate the profit maximizing quantity, price, and ATC from the solution in #1. Make sure to draw an ATC, AVC, MC, and MR curve. ATC MC MR. The table below provides the values for different types of costs. Note that FC is fixed at 3 for all . This gives VC-TC - FC Next we find AVC - VC/O and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT