ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30...

Question

Question

ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30 11.00 12.90 15.00 1. Tonys Pizzas production fun

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

3 0.3 Output Total cost FC VC Marginal cost AFC AVC 3 30 #DIV/0! 3.3 3 0 .3 30.3 2 3. 8 3 0.8 0.5 1.5 0.4 3 4.5 3 1 .5 0.7 1 FC=3, at 0 quantity total cost is 3. So it will be fixed cost. It doesn't change with the output.

VC =TC-FC.

Marginal cost = change in total cost / change in output

AVC=VC /Q

Afc=FC/Q

D. Suppose that fixed cost increase to 5.

VC AFC AVC Output 0 1 2 3 - 4 5 6 7 8 9 10 co voor Awn TC FC 5 5 5.3 5 5.8 5 6.5 5 7.4 5 8.5 5 9.8 5 11.3 5 13 5 14.9 5 17 5

Add a comment

Answer 2

Similar Homework Help Questions

19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Aver...

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...
1)Which of the following statements is true? A. Average fixed cost equals total fixed cost divided...

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...
Question 1 In the short run, as output increases, the difference between average total cost and...

Question 1 In the short run, as output increases, the difference between average total cost and average variable cost decreases. the difference between total cost and average variable cost decreases marginal cost eventually decreases. All of the above are correct. Question 2 The marginal cost curve intersects the at its minimum average variable cost curve average total cost curve average fixed cost curve A and B are both correct. Question 3 Refer to the short-run information provided in Figure 8.5...

Tw Cen M Bad Copy Format Painter Check Cell Formatting at labke IlI. The Firm: Cost...

Tw Cen M Bad Copy Format Painter Check Cell Formatting at labke IlI. The Firm: Cost and Output Determination: Fill the red-colored cells ll-1.Assume that the size of Caroline's factery is fixed and Caroline can vary the quantity of coffee produeed only by changing the number of workers she employs This deseribes the production decisions that Careline faces in the short run. al coffee cast st fxed varbletot cost from cost Q1 bQ 0 3.00 3.00 0.00 1 3.30 3.00...
(10) Total cost increases from £500 to £600 when output increases from 20 to 30 units....

(10) Total cost increases from £500 to £600 when output increases from 20 to 30 units. Fixed costs are £200. Which of the following is true? A. Marginal cost is equal to fixed cost B. Average cost falls C. Variable cost rises by £200 D. Fixed costs rise
Topic 4 Homework (Custom) Workers Total Cost Marginal Cost Average Total Cost Output Marginal Product 0...

Topic 4 Homework (Custom) Workers Total Cost Marginal Cost Average Total Cost Output Marginal Product 0 30 10.00 70 $300 $420 6.00 4.50 $540 120.00 - Nmin 120.00 220 230 $660 $780 $900 $1,020 120.00 120.00 A worker costs $120 a day, and the firm has fixed costs of $180. Use this information to fill in the column for total cost in the previous Fill in the column for marginal cost in the previous table. (Hint: able. (Hint: MC -...

Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2...

Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2 workers are hired? a. 15 b. 45 c. 75 d. 120 et de 7. Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing a. diminishing marginal product of workers b. diminishing marginal cost of cookie production c. decreasing cost of cookie production d. decreasing output of cookies. Wose Jan started...
Cost schedule Total variable Total cost Labor Output (units per day) cost (dollars) (workers) (dollars) 0...

Cost schedule Total variable Total cost Labor Output (units per day) cost (dollars) (workers) (dollars) 0 30 1 3 20 50 2 40 70 3 12 60 90 4 14 80 110 5 15 100 130 In the above table, the total fixed cost is O $20 O $30. O $0. O $50. Question 13 1 pts In the above table, when output increases from 12 to 14 units, the marginal cost of one of those 2 units is O...
Consider the following cost curves. (1) $ per unit of output (2) (3) Quantity In this...

Consider the following cost curves. (1) $ per unit of output (2) (3) Quantity In this diagram, curves 1, 2, and 3 represent the: 0 average variable cost, average cost, and marginal cost Total cost, total fixed cost and total marginal cost marginal cost, average cost, and average variable cost total marginal cost, total cost, and total variable cost

e total cost 19. For a certain firm, the 10th unit of output marginal cost of...

e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...

ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30...

Homework Answers

Add Answer to:
ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30...

Post as a guest

Earn Coins

19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Aver...

1)Which of the following statements is true? A. Average fixed cost equals total fixed cost divided...

Question 1 In the short run, as output increases, the difference between average total cost and...

Tw Cen M Bad Copy Format Painter Check Cell Formatting at labke IlI. The Firm: Cost...

(10) Total cost increases from £500 to £600 when output increases from 20 to 30 units....

Topic 4 Homework (Custom) Workers Total Cost Marginal Cost Average Total Cost Output Marginal Product 0...

Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2...

Cost schedule Total variable Total cost Labor Output (units per day) cost (dollars) (workers) (dollars) 0...

Consider the following cost curves. (1) $ per unit of output (2) (3) Quantity In this...

e total cost 19. For a certain firm, the 10th unit of output marginal cost of...

ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30...

Homework Answers

Add Answer to: ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30...

Post as a guest

Earn Coins

Add Answer to:
ILUIldl Total Cost Output 0 $3.00 1 2 3 3.30 3.80 4.50 5.40 6.50 7.80 9.30...