Homework Answers
ANswer
The profit is maximum at MC=P
where
MC=1000=P
where
Q=5 units
ATC=800
Profit=(P-ATC)*Q
=(1000-800)*2
=$1000
option 1
Add Answer to:
Marginal Cost Quantity of Exercise Machines Average Variable Cost Average Total Cost 1 2 3 4...
Marginal Cost Average Variable Cost Average Total Cost Quantity of Exercise Machines 1 2 3 4...
Marginal Cost Average Variable Cost Average Total Cost Quantity of Exercise Machines 1 2 3 4 5 6 7 8 9 10 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $200 $300 $400 $500 $600 $700 $800 $900 $1000 $1100 $1200 $800 $733.33 $750 $800 $866.67 $942.86 $1025 $1111.11 $1200 The above table shows the costs of a small manufacturer producing different quantities of exercise machines. If the exercise machine market is perfectly competitive and exercise machines cost...
Figure 1. Market for Rental Apartments in Alpha City $2,000 Supply $1,800 $1,600+ $1,400 + $1,200...
Figure 1. Market for Rental Apartments in Alpha City $2,000 Supply $1,800 $1,600+ $1,400 + $1,200 + MONTHLY RENT $1,0 +---- $800 $600 $400+ Demand $200 + 0 200 400 600 800 1,000 QUANTITY 1,200 1,400 1,600 1,800 2,000 1. Assuming that the rent control law has gone into effect, identify the region or regions on the graph that correspond to the following: (use the letter labels on the graph to specify the region) [TYPE YOUR ANSWER BELOW] Consumer Surplus:...
Figure 1. Market for Rental Apartments in Alpha City $2,000 Supply $1,800 $1,600+ $1,400 + $1,200...
Figure 1. Market for Rental Apartments in Alpha City $2,000 Supply $1,800 $1,600+ $1,400 + $1,200 + MONTHLY RENT $1,0 +---- $800 $600 $400+ Demand $200 + 0 200 400 600 800 1,000 QUANTITY 1,200 1,400 1,600 1,800 2,000 PART 2 The mayor of Alpha City has decided to build a new public park, and to pay for it with a new tax. She is currently considering placing the tax either on rental apartments or luxury watches, and she has...
What is the marginal net benefit associated with producing five units of the control variable, Q...
What is the marginal net benefit associated with producing five
units of the control variable, Q (identify point F in the
table)?
Net Marginal Marginal Marginal Net Total variable | Benefits CostsBenefits Benefit c(Q) Contro.1 Total Cost Benefit B(Q) N(Q) MB(Q) MC (Q) MNB (Q) 800 600 400 200 100 900 800 700 600 500 800 100 300 600 1,000 1,500 2,100 2,800 900 1,700 2,400 200 2 1,800 2,000 2,000 1,800 1,400 800 400 500 600 700 800 900...
#1. The following table illustrates the demand and supply schedules for calculators in Sweden and Norway...
#1. The following table illustrates the demand and supply schedules for calculators in Sweden and Norway (measured in dollars). Price Sweden Norway Quantity Supplied Quantity Demanded | Quantity Supplied Quantity Demanded 0 1,200 1,800 200 1,000 - 1,600 400 800 1.400 600 600 1,200 800 400 200 1,000 1,000 200 400 800 1,200 600 600 1,400 800 400 1,600 1,000 200 1,800 1,200 a. In a similar graph to Figure 3.6(a) - page 106- of the Carbaugh text, draw the...
Figure and Table: Variable, Fixed, and Total Costs Total cost $2,500 Total cost, TC 2,000 1,500...
Figure and Table: Variable, Fixed, and Total Costs Total cost $2,500 Total cost, TC 2,000 1,500 1,000 500 F D E A B C 20 40 60 80 100 Quantity of wheat (bushels) Points on Graph Quantity of Labor (workers), L. Quantity of Wheat (bushels). Variable ariable Cost. VC Fixed Cost, FC $400 400 400 400 DOWN Total Cost, TC = FC + VC 400 600 800 1.000 1,200 1.400 1,600 1.800 2.000 400 400 12) (Figure and Table: Variable,...
I just need to figure out what the moving average cost is for the ending inventory....
I
just need to figure out what the moving average cost is for the
ending inventory. And if you could include an explanation in how
you found the average cost on the 18th that would be great because
so far I have this. Just so I can understand how to determine the
avg cost for a date that has both a purchase and selling of
goods.
Date
Buy
COGS
UNITS
AVG Cost
Inventory Cost
2
1700*3.39
0
1700
3.39
5763...
Refer to the table to answer the questions that follow. Marginal Cost Average Variable Cost Average...
Refer to the table to answer the questions that follow. Marginal Cost Average Variable Cost Average Total Cost Output Profit at $450 per ton -$1,000 $200 $150 -$750 Total Cost ($ Per Ton) $1,000 $1,200 $1,350 $1,550 $1,900 $2,300 $2,750 $3,250 $3,800 $4,400 $5,150 $200 $1,200 $675 $517 $475 Profit at $500 per ton -$1,000 -$700 -$350 -$50 $100 $200 Profit at $550 per ton -$1,000 -$650 -$250 $100 $300 $450 $550 $600 $600 $550 $350 -$450 -$200 -$100 $200...
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...
Use the accompanying graph, which shows the marginal cost and average total cost curves for the...
Use the accompanying graph, which shows the marginal cost and average total cost curves for the shoe store Zapateria, a perfectly competitive firm. Zapateria Shoe Store 100 MC 90 80 ATC 70- 60- Price 40 - 30 20- 10 0 O 100 200 400 500 600 Quantity pairs. a. If the market price of shoes is $70 a pair, Zapateria will produce will earn total profit equal to $
Marginal Cost Average Variable Cost Average Total Cost Quantity of Exercise Machines 1 2 3 4 5 6 7 8 9 10 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $200 $300 $400 $500 $600 $700 $800 $900 $1000 $1100 $1200 $800 $733.33 $750 $800 $866.67 $942.86 $1025 $1111.11 $1200 The above table shows the costs of a small manufacturer producing different quantities of exercise machines. If the exercise machine market is perfectly competitive and exercise machines cost...
Figure 1. Market for Rental Apartments in Alpha City $2,000 Supply $1,800 $1,600+ $1,400 + $1,200 + MONTHLY RENT $1,0 +---- $800 $600 $400+ Demand $200 + 0 200 400 600 800 1,000 QUANTITY 1,200 1,400 1,600 1,800 2,000 1. Assuming that the rent control law has gone into effect, identify the region or regions on the graph that correspond to the following: (use the letter labels on the graph to specify the region) [TYPE YOUR ANSWER BELOW] Consumer Surplus:...
Figure 1. Market for Rental Apartments in Alpha City $2,000 Supply $1,800 $1,600+ $1,400 + $1,200 + MONTHLY RENT $1,0 +---- $800 $600 $400+ Demand $200 + 0 200 400 600 800 1,000 QUANTITY 1,200 1,400 1,600 1,800 2,000 PART 2 The mayor of Alpha City has decided to build a new public park, and to pay for it with a new tax. She is currently considering placing the tax either on rental apartments or luxury watches, and she has...
What is the marginal net benefit associated with producing five
units of the control variable, Q (identify point F in the
table)?
Net Marginal Marginal Marginal Net Total variable | Benefits CostsBenefits Benefit c(Q) Contro.1 Total Cost Benefit B(Q) N(Q) MB(Q) MC (Q) MNB (Q) 800 600 400 200 100 900 800 700 600 500 800 100 300 600 1,000 1,500 2,100 2,800 900 1,700 2,400 200 2 1,800 2,000 2,000 1,800 1,400 800 400 500 600 700 800 900...
#1. The following table illustrates the demand and supply schedules for calculators in Sweden and Norway (measured in dollars). Price Sweden Norway Quantity Supplied Quantity Demanded | Quantity Supplied Quantity Demanded 0 1,200 1,800 200 1,000 - 1,600 400 800 1.400 600 600 1,200 800 400 200 1,000 1,000 200 400 800 1,200 600 600 1,400 800 400 1,600 1,000 200 1,800 1,200 a. In a similar graph to Figure 3.6(a) - page 106- of the Carbaugh text, draw the...
Figure and Table: Variable, Fixed, and Total Costs Total cost $2,500 Total cost, TC 2,000 1,500 1,000 500 F D E A B C 20 40 60 80 100 Quantity of wheat (bushels) Points on Graph Quantity of Labor (workers), L. Quantity of Wheat (bushels). Variable ariable Cost. VC Fixed Cost, FC $400 400 400 400 DOWN Total Cost, TC = FC + VC 400 600 800 1.000 1,200 1.400 1,600 1.800 2.000 400 400 12) (Figure and Table: Variable,...
I
just need to figure out what the moving average cost is for the
ending inventory. And if you could include an explanation in how
you found the average cost on the 18th that would be great because
so far I have this. Just so I can understand how to determine the
avg cost for a date that has both a purchase and selling of
goods.
Date
Buy
COGS
UNITS
AVG Cost
Inventory Cost
2
1700*3.39
0
1700
3.39
5763...
Refer to the table to answer the questions that follow. Marginal Cost Average Variable Cost Average Total Cost Output Profit at $450 per ton -$1,000 $200 $150 -$750 Total Cost ($ Per Ton) $1,000 $1,200 $1,350 $1,550 $1,900 $2,300 $2,750 $3,250 $3,800 $4,400 $5,150 $200 $1,200 $675 $517 $475 Profit at $500 per ton -$1,000 -$700 -$350 -$50 $100 $200 Profit at $550 per ton -$1,000 -$650 -$250 $100 $300 $450 $550 $600 $600 $550 $350 -$450 -$200 -$100 $200...
Use the accompanying graph, which shows the marginal cost and average total cost curves for the shoe store Zapateria, a perfectly competitive firm. Zapateria Shoe Store 100 MC 90 80 ATC 70- 60- Price 40 - 30 20- 10 0 O 100 200 400 500 600 Quantity pairs. a. If the market price of shoes is $70 a pair, Zapateria will produce will earn total profit equal to $
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