Canvas → XCO The following table shows the total output, number of workers employed, variable costs,...

Question

Question

Answer 1

Answer #1

Ans) the correct option is d) $ 1.36

Average fixed cost = fixed cost / quantity of output

= 150/110 = 1.36

Answer 2

Similar Homework Help Questions

Question 10 (4 points) The following table shows the total output, number of workers employed, variable...

Question 10 (4 points) The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm Number of Workers 0 1 2 3 Total Output (units) 0 25 Variable Costs () 0 10 Fixed Costs (5) 150 150 150 SS 86 110 150 5 130 6 145 7 155 160 Suppose the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm? O...
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150...

Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150 W 110 130 145 155 160 000 80 150 Refer to the table above. What is the firm's marginal cost when it produces 55 units of the good? 50.33 $0.50 $0.66 $0.75 • Previous
Table 13-3 Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0...

Table 13-3 Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0 $50 1 90 $50 $20 $70 2 170 $50 $40 $90 3 230 $50 $60 $110 4 240 $50 $80 $130 Refer to Table 13-3. If the firm can sell its output for $1 per unit, what is the profit-maximizing level of output? a. 170 units b. 190 units c. 240 units d. 230 units

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...
Use the following to answer questions # 3-4 Number of workers Total Units of output 40...

Use the following to answer questions # 3-4 Number of workers Total Units of output 40 90 126 150 145 3. Refer to the table above. The marginal product of the fourth worker is rker is A) 150 B] 126. C] 24 [D]-24 4. Refer to the table above. The total output is maximized with _workers Aj 5 [C) 3. [D] 2
Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170...

Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170 $50 230 $50 240 $50 Variable Cost $0 $20 $40 $60 $80 Total Cost $50 $70 $90 $110 $130 Refer to Table B. At which number of workers does diminishing marginal product begin? 1 O2 03 04

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...
Use the table below to answer questions 8 through 10. Output (Q = TP) TVC TC...

Use the table below to answer questions 8 through 10. Output (Q = TP) TVC TC $80 100 $ 0 20 30 50 80 120 110 130 160 200 If this firm does not produce any output, it: must pay fixed costs of $80. will not have to pay any costs. is making a long-run decision. will still have total revenue of $80. The total cost of producing 3 units of output is: $30. $80. $110. $130. Average variable cost...
Refer to the table below. What is the total cost of this firm when it doesn't...

Refer to the table below. What is the total cost of this firm when it doesn't produce any output? The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank. Total Output Variable Costs Average Total (units) ks) Fixed Costs ($) Total Cost ($) Cost (5) Marginal Cost (S) 100 n.a. 10 5 10 122 17 8.24 Refer to the...

Table 13-1 Number of Workers Total Output Marginal Product 0 0 -- 1 30 2 40...

Table 13-1 Number of Workers Total Output Marginal Product 0 0 -- 1 30 2 40 3 50 4 40 5 30 Refer to Table 13-1. What is total output when 5 workers are hired? Group of answer choices 160 -10 190 120