Question

Output Chairs per Day (Q) 0 Total Variable Cost (TVC) $0 12 Marginal Cost (MC) Total Cost (TC) $60 72 74 75 1 14 2 3 15 4 85

0 0
Add a comment Improve this question Transcribed image text
Answer #1

отс MC= MC (at Q = n) ТС - тСу- on anal g мс (ет) TC ($) +7 12 1 +ч 2 О 2. 3 S ہا SS S 100 с 15 25 2 1SS ТО 5 1ЧО 2S а 2чо so

Add a comment
Know the answer?
Add Answer to:
Output Chairs per Day (Q) 0 Total Variable Cost (TVC) $0 12 Marginal Cost (MC) Total...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Quantity Total Cost Q Variable Marginal Cost Marginal Cost Cost MC MC VC (calculated (calculated using...

    Quantity Total Cost Q Variable Marginal Cost Marginal Cost Cost MC MC VC (calculated (calculated using TC) using VC) TC O dozen pizzas $300 $0 ܝܕ 350 50 390 90 N 3 420 120 4 450 150 5 490 190 6 540 240 3 420 120 4 450 150 5 490 190 6 540 240 What is the pizzeria's fixed cost? Note: Recall that TC = FC + VC $200 $300 $400 cannot be determined Construct a table in which...

  • Output Total Cost Fixed Cost Variable Cost AFC AVC ATC MC 0 50 1 130 2...

    Output Total Cost Fixed Cost Variable Cost AFC AVC ATC MC 0 50 1 130 2 190 3 230 4 250 5 310 6 400 7 540 8 800 9 1200 The market supply curve is the sum of the marginal cost curves of all the firms in the market. The market supply of a competitive industry is determined by:

  • Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0...

    Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0 0 200 0 200 1 20 20 200 100 300 300 5.00 2 50 30 200 200 400 200 3.33 3 90 40 200 300 500 166.67 2.50 4 120 30 200 400 600 150 3.33 5 140 20 200 500 700 140 5.00 6 150 10 200 600 800 133.33 10.00 7 155 5 200 700 900 128.57 20.00 a. Fill in the...

  • Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable...

    Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable Cost (TVC) Average Variable Cost (AVC) Total Cost (TC) Average Total Cost (ATC) Marginal Cost (MC) 0 $200 $0 $200 1 $200 (A) 30 (H) 230 (M) (S) 2 $200 (B) 50 (I) 250 (N) (T) 3 $200 (C) (F) $26.67 (K) (P) (U) 4 $200 (D) 130 (J) 330 (Q) (V) 5 $200 (E) (G) $40 (L) (R) (W) Refer to Exhibit 22-13.  What...

  •    Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete...

       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...

  • Finish the table. MPL: Marginal production of labor TC: Total cost MC: Marginal Cost AFC: Average...

    Finish the table. MPL: Marginal production of labor TC: Total cost MC: Marginal Cost AFC: Average fixed cost AVC: Average variable cost ATC: Average total cost lormal text - Times New... - 12 B I VA G E A E 1 E- Labor Week 6 Assignment: Production Costs 20 Points) Output MPL FC VC TC MC AFC AVC ATC (Q) 0 25 WN 25 50 75 100 13 25 15 F 16 25 125 1. Complete the table above. (4...

  • Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable...

    Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced        Total Cost          0                         $ 120          1                            135          2                            148          3                            159         ...

  • As output (Q) varies, total fixed costs (TFC) and total variable costs (TVC) for a firm...

    As output (Q) varies, total fixed costs (TFC) and total variable costs (TVC) for a firm are given by the following: Q TFC TVC 0 30 0 1 30 6.3 2 30 10.4 3 30 14.1 4 30 19.2 5 30 27.5 6 30 40.8 7 30 60.9 8 30 89.6 9 30 128.7 10 30 180 a) Compute total cost, average fixed cost, average variable cost, average total cost and marginal cost and report these in a table similar...

  • Fast Press Company Short-run daily costs TP TVC TFC TC AFC AVC ATC MC 0 0...

    Fast Press Company Short-run daily costs TP TVC TFC TC AFC AVC ATC MC 0 0 95 95 - - - - 1 30 95 125 95.00 30 125.00 30 2 50 95 145 47.50 25 72.50 20 3 60 95 155 31.66 20 51.66 10 4 64 95 159 23.75 16 39.75 4 5 90 95 185 19.00 18 37.00 26 6 150 95 245 15.83 25 40.83 60 7 196 95 291 13.57 28 41.57 46 8 240...

  • D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve,...

    D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the variable cost when the quantity (Q) being produced is 6? P MC ATC /AVC $15 $11 $8 Q O $66 $8 O $15 $11 Question 8 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT