Ans: AFC = $5 and FC = $50
Explanation:
ATC = AFC + AVC
$25 = AFC + $20
AFC = $25 -$20 = $5
FC = AFC * Q
= $5 * 10 = $50
Fill in the table: VC AVC TC 25 Output FC AFC ATC MC 15 47 25 30 40 4 6 12 109 20 10 130 Also give a explanation how you calculated those values (ex: First I was able to calculate...then I was able to fill this column, etc.) and give the formulas that you used. Do not submit only the table without any explanation. You have to bring a print version of your homework (no hand writin
Find FC, VC, TC, AFC, AVC, ATC, and MC from the following table. Capital costs $50 per unit, and two units of capital are used in the short run. Labor costs $20 per unit. 7. Total Cost Average Average Marginal Variable Cost |(MC) Fixed Units of Units of Variable Average Fixed Labor (L) Cost (FC) Cost (VC) (TC) Total Cost Output (ATC) (Q) Cost Cost (AFC) (AVC) 0 0 1 2 2 4 3 6 4 8 10
Economics
Question 1:
Question 2:
Q FC | VC TC AFC AVC ATC MC 920 475 60 10 What is the AVC at Q=2 equal to? [Type a whole number, no gaps.] FC VC TC AFC AVC ATC MC 920 475 60 What is the ATC at Q=3 equal to? [Type a whole number, no gaps.]
Economics
Question 1:
Question 2:
FC VC TC AFC AVC ATC MC 920 475 60 What is the FC equal to? [Type a whole number, no gaps.] FC VC TC AFC AVC ATC MC 920 475 60 10 What is the MC at Q=2 equal to? [Type a whole number, no gaps.]
Fill in the chart.
FC VCTC AFC AVC ATC MCP Profit 190 100 280 250 25 112.5 98 130 260 1390 1750
L K Q VC FC TC AVC AFC ATC MC 0 5 0 0 5 5 1 5 2 2 5 7 1.00 2.50 3.50 1.00 2 5 6 4 5 9 0.67 0.83 1.50 0.50 3 5 12 6 5 11 0.50 0.42 0.92 0.33 4 5 19 8 5 13 0.42 0.26 0.68 0.29 5 5 25 10 5 15 0.40 0.20 0.60 0.33 6 5 28 12 5 17 0.43 0.18 0.61 0.67 7 5 29 14...
$ per unit MC ATC MR $20 AVC 5 10 15 20 25 30 Output (g) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Calculate the firm's profit. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)
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...
Quantity FC VC AFC AVC ATC MC [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] 30
ATC 12 MC 10 АЛС Cost (S) 4 2 0 5 10 15 20 25 30 35 40 45 a. Output What output level has the lowest average variable cost? b. At what point is marginal cost equal to average variable cost? Minimum average total cost is equal to d. Why is the minimum point on the ATC curve at 35 units above the minimum point on the AVC curve at 30 units? e. Why does the marginal cost curve...