Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600...

Question

Question

Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600 $1000 $1500 ? ? ? ? ? 30 40 50 The table above

Answer 1

Answer #1

Before solving this question it should be remembered that fixed cost is always constant in the short run for any number of output

So here the value of fixed cost for 30 units will be $150

Average (Arc) - Total Cost (TC) tototal Cost quantity (q. ATE Fotvc :30 q ATC30 F 150+ Goo 3o 750 Zo ATC = $25

Answer 2

Similar Homework Help Questions

Question 4 (1 point) Quantity of Tires Fixed Cost $200 Total Variable Cost 0 10 ?...

Question 4 (1 point) Quantity of Tires Fixed Cost $200 Total Variable Cost 0 10 ? ? ? 20 30 40 50 $100 $300 $600 $1000 $1500 ? ? The table above shows the costs for a tire factory. What is the average total cost for the factory to produce 40 tires? $60 $50 $40 $30
Total Product Total Variable Cost Total Fixed Cost $150 150 0 $ OL 1 50 2...

Total Product Total Variable Cost Total Fixed Cost $150 150 0 $ OL 1 50 2 150 75 3 150 105 4 150 145 5 150 200 6 150 270 7 150l 360 8 150 475 9 150 620 10 150 800 Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will o produce 6 units and incur a loss of $30. o...
$60 $50 $40 Long-Run Average Total Cost $30 $20 $10 $0 0 100 200 700 800...

$60 $50 $40 Long-Run Average Total Cost $30 $20 $10 $0 0 100 200 700 800 900 300 400 500 600 Quantity of Necklaces 600 700 800 900 Quantity of Necklaces The above graph shows the long run average total cost for a factory that produces necklaces. Between which of the following quantities does this factory experience economies of scale? 300 necklaces and 900 necklaces O necklaces and 300 necklaces 500 necklaces and 900 necklaces 300 necklaces and 500 necklaces...

Average Marginal Total Cost Quantity Variable Variable Fixed Cost |Total Cost Variable Cost $60 $20 $50...

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...
Quantity Total cost Total Variable Cost Total Fixed Cost Average Total Cost Average Variable Cost Average...

Quantity Total cost Total Variable Cost Total Fixed Cost Average Total Cost Average Variable Cost Average Fixed Cost Marginal Cost 0 40 0 40 -- -- -- -- 1 55 15 40 55 15 40 15 2 75 35 40 37.5 17.5 20 20 3 100 60 40 33.33 20 13.33 25 4 130 90 40 32.5 22.5 10 30 5 165 125 40 33 25 8 35 6 205 165 40 34.16 27.5 6.66 40 please graph this
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...

3. Given the following information: Quantity Average Fixed Cost Average Variable Cost Average Total Cost Marginal...

3. Given the following information: Quantity Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 157 230 9 33 138 290 10 30 160 360 a) If market price is $140, then… 1. the firm will produce quantity ___________ 2....
Quantity Total Cost Fixed Cost Variable Marginal Cost Cost Average Average Fixed Cost Average Variable Cost...

Quantity Total Cost Fixed Cost Variable Marginal Cost Cost Average Average Fixed Cost Average Variable Cost Total Cost $50 SO B $50 $150 G M D 12 3 А H N с $120 P E K $120 р k R What is the value of B? $50 $25 $100 $200
Total Total Product Fixed Cost O $150 1 150 2 150 3 150 4 150 5...

Total Total Product Fixed Cost O $150 1 150 2 150 3 150 4 150 5 150 150 150 150 9 150 10 150 Total variable Cost $ 0 50 75 105 145 200 270 360 475 620 800 Based on the cost data given in the accompanying table, which of the price-quantity tables correctly represents the firm's short-run supply schedule? OS a) (b) (c) (d) PQs PQs PQs PT $20 1 $ 20 0 $20 0 $20 | 30...

Quantity of Keys 100 200 300 400 Total Variable Cost $5,000 $9,000 $12,000 $14,000 Total Cost...

Quantity of Keys 100 200 300 400 Total Variable Cost $5,000 $9,000 $12,000 $14,000 Total Cost $10,000 $14,000 $17,000 $19,000 The above table displays information on costs for a factory that makes keys. What are this factory's fixed costs? $9,000 $7,000 $11,000 $5,000