Q | MC | FC | VC | TC | AFC | AVC | ATC |
0 | 40 | 0 | 40 | ||||
1 | 40 | 40 | 40 | 80 | 40.0 | 40 | 80.0 |
2 | 32 | 40 | 72 | 112 | 20.0 | 36 | 56.0 |
3 | 105 | 40 | 177 | 217 | 13.3 | 59 | 72.3 |
4 | 163 | 40 | 340 | 380 | 10.0 | 85 | 95.0 |
The formulas used:
At Q = 0, TC=FC and VC=0, MC = (TCn-TCn-1)/(Qn-Qn-1)
TCn = MCn + TCn-1, ATC = TCQ, TC=FC+VC, AVC = VC/Q
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Quantity Marginal cost Fixed cost Variable cost Total cost Average fixed cost Average variable cost Average total cost 0 --- --- --- --- 1 $45.00$45.00 2 $64.00$64.00 3 $95.00$95.00 4 $20.00$20.00 $380.00$380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost:...
19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Fixed cost Variable cost Total Average fixed Average variable Average total cost cost I cost cost --- --- ... Marginal Quantity cost 0 1 2 3 $85.00 $45.00 | $64.00 $50.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost:...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Quantity Marginal cost Fixed cost Variable cost Total cost Average fixed cost Average variable cost Average total cost 0 --- --- --- --- 1 $50.00 2 $64.00 3 $85.00 4 $30.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost:...
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Average Marginal Total Cost Quantity Variable Variable Fixed Cost |Total Cost Variable Cost $60 $20 $50 $90 $140 $200 $270 60 S60R0 110 150 S60 200 20 25 -30 35 26045 80 20 30 40 50 60 70 $60 $60 $60 $60 50 50 52 4 40 330 Consider now that Caloi Bikes produces a quantity of 5 units that it sells for a price of $125 each. 2. What will be the company's profits or losses? How can you...
QUESTION 1 Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 $24 $50 3 $108 $40 Refer to Table 13-16. What is the total cost of producing 2 units of output? a. $76 b. $50 c. $58 d. $74 Figure 14-13 Suppose a firm in a competitive industry has the following cost curves: sem MC ATC AVC Refer to Figure 14-13. If the price is $6 in the...
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HELP THANKS Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Marginal Fixed Variable Total Average fixed Average variable Average total | cost cost cost cost cost cost cost 0 $50.00 $68.00 2 3 $85.00 $20.00 $360.00 What is the total cost when producing zero units? total cost: $ 40 What is the marginal cost for the first unit? What is the marginal cost...