(output) TFC TVCTC AFCAVCATC MC 0 $O $10 $15 $15 $16.75 $5 Using the above table,...
(output)TFC SO TVC TC AFCAVC ATCMC $10 $15 $15 $16.75 $5 sing the above table, the TC, the AFC, and the TVC when output is 2 units are OA. S20,S250, and $15, respectively. O B. $35, $2.50, and $20, respectively. O C. $35, $2.50, and $30, respectively O D. $30, $2.50, and $40, respectively
MC TVC AFC AVC ATC TC Output TFC $500 $200 1 2 $800 $75 $875 $925 $75 100 Refer to an above table. What is the average variable cost of producing three units of the output? $291.67 o $125 $100 $166.67 问题3 29 问题3 AVC ATC MC AFC Output TVC TC TFC $500 $200 $800 2 $75 $875 4 $925 5 100 $75 Which of the following is correct for this firm with the cost structure presented in the table...
Complete the following table Q TFC TVC TC AFC AVC ATC MC 0 800 ------ ----- ----- ----- 1 40 2 35 3 296 4 14 5 918
Consider the following table: uantity TC TFC TVC ATC AFC AVC MC 20 25 29 4 53 63 8 6.5 15 10 20 At what level of output does the firm going from economies of scale to diseconomies of scale? 6 or 7 1 or 2 8 or 9
Consider the following table of costs: Output Total Variable Costs Total Costs 0 $0 $30 1 20 50 2 30 60 3 48 78 4 90 120 5 170 200 a) Plot the total fixed cost (TFC) curve, the total variable cost (TVC) curve, and the total cost (TC) curve on the same graph. b) Briefly explain the reason for the shape of the cost curves in part (a). c) Add to the...
Complete the following short-run cost table using the information provided. Total product TFC AFC TVC AVC TC MC 0 0.0 1 3.0 2 5.0 5.0 3 9.0 7. (10 points) Answer the questions below on the basis of the above graph. (a) (3 points-1 point for short run; 1 point for long run; 1 point for how you can tell) How can you tell if these cost curves are for the short run or the long run? (b) (7 points)...
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. 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 $ $ ...
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...
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...