Homework Answers
Answer
total variable cost =commulative sum of marginal cost
TVC(4)=0.5+1+1.5+2
=5
average variable cost =total variable cost /Q
=5/4
=1.25
the AVC is $1.25
option 2
Add Answer to:
Quantity of Masks 1 2. 3 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 4 5 The...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1...
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1 2 3 4 5 6 7 8 9 10 Quantity of Potato Chips r bag) Refer to the above diagram. This buyer's marginal willingness to pay for the 7th bag of potato chips is(include the dollar sign and 2 decimal places in your answer) Question 2 (1 point) Suppose there are only two firms in the market for a certain good. Firm 1's marginal...
Quantity of Coffee Produced (units) Marginal Cost 0 $3 $2 $1 4 $2 5 $3 6...
Quantity of Coffee Produced (units) Marginal Cost 0 $3 $2 $1 4 $2 5 $3 6 $4 7 $5 Northwest Coffee Co. is a firm in a perfectly competitive market. Each time it sells a unit of coffee, its total revenue increases by $4. The marginal cost of producing different quantities of coffee is given in the table above. The profit-maximizing quantity of output is units of coffee. 04 07
Marginal Cost Quantity of Exercise Machines Average Variable Cost Average Total Cost 1 2 3 4...
Marginal Cost Quantity of Exercise Machines Average Variable Cost Average Total Cost 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...
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...
Quantity of Coffee Produced (units) Marginal Cost 0 -- 1 $3 $2 N 3 $1 4...
Quantity of Coffee Produced (units) Marginal Cost 0 -- 1 $3 $2 N 3 $1 4 $2 5 $3 6 $4 7 $5 Northwest Coffee Co. is a firm in a perfectly competitive market. Each time it sells a unit of coffee, it total revenue increases by $4. The marginal cost of producing different quantities of coffee is given the table above. The marginal cost of the profit-maximizing quantity is $2 $3 N O $1 $4
$4.00 $3.50 $3.00 $2.75 $2.50 $ 2.25 $2.00 $1.50 $1.00 $0.50 100 200 300 400 500...
$4.00 $3.50 $3.00 $2.75 $2.50 $ 2.25 $2.00 $1.50 $1.00 $0.50 100 200 300 400 500 600 700 800 900 Q(berries-lb.) Refer to the figure above. After tax buyer pays $2.25, what is the tax revenue?
4 $7.00 5 $7.50 $0.50 MB $4.00 $3.50 $3.00 s2.so $2.50 $2.00 $1.s0 $1.00 1 23...
4 $7.00 5 $7.50 $0.50 MB $4.00 $3.50 $3.00 s2.so $2.50 $2.00 $1.s0 $1.00 1 23 45678910 Songs Which of the curves on the above graph represent Tony's marginal benefit for downloaded songs MB1 MB2 MB3 0 F4 FS F7 F8 F9
INPUT FILE FOR PROJECT Sinclair Community College 0.50 6 0.75 5 0.50 9 0.75 4 1.00...
INPUT FILE FOR PROJECT
Sinclair Community College
0.50 6
0.75 5
0.50 9
0.75 4
1.00 3
Wright State University
0.90 4
1.00 6
0.90 3
1.00 2
1.25 4
University of Dayton
1.00 3
1.25 5
1.00 2
1.25 6
2.00 4
The Ohio State University
0.80 5
0.90 4
0.80 7
0905 3
1.50 2
Clark State Community College
0.75 1
0.85 2
0.75 4
0.85 2
1.00 5
Ohio University
1.00 2
1.25 6
1.00 7
1.25...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1 2 3 4 5 6 7 8 9 10 Quantity of Potato Chips r bag) Refer to the above diagram. This buyer's marginal willingness to pay for the 7th bag of potato chips is(include the dollar sign and 2 decimal places in your answer) Question 2 (1 point) Suppose there are only two firms in the market for a certain good. Firm 1's marginal...
Quantity of Coffee Produced (units) Marginal Cost 0 $3 $2 $1 4 $2 5 $3 6 $4 7 $5 Northwest Coffee Co. is a firm in a perfectly competitive market. Each time it sells a unit of coffee, its total revenue increases by $4. The marginal cost of producing different quantities of coffee is given in the table above. The profit-maximizing quantity of output is units of coffee. 04 07
Marginal Cost Quantity of Exercise Machines Average Variable Cost Average Total Cost 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...
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...
Quantity of Coffee Produced (units) Marginal Cost 0 -- 1 $3 $2 N 3 $1 4 $2 5 $3 6 $4 7 $5 Northwest Coffee Co. is a firm in a perfectly competitive market. Each time it sells a unit of coffee, it total revenue increases by $4. The marginal cost of producing different quantities of coffee is given the table above. The marginal cost of the profit-maximizing quantity is $2 $3 N O $1 $4
$4.00 $3.50 $3.00 $2.75 $2.50 $ 2.25 $2.00 $1.50 $1.00 $0.50 100 200 300 400 500 600 700 800 900 Q(berries-lb.) Refer to the figure above. After tax buyer pays $2.25, what is the tax revenue?
4 $7.00 5 $7.50 $0.50 MB $4.00 $3.50 $3.00 s2.so $2.50 $2.00 $1.s0 $1.00 1 23 45678910 Songs Which of the curves on the above graph represent Tony's marginal benefit for downloaded songs MB1 MB2 MB3 0 F4 FS F7 F8 F9
INPUT FILE FOR PROJECT
Sinclair Community College
0.50 6
0.75 5
0.50 9
0.75 4
1.00 3
Wright State University
0.90 4
1.00 6
0.90 3
1.00 2
1.25 4
University of Dayton
1.00 3
1.25 5
1.00 2
1.25 6
2.00 4
The Ohio State University
0.80 5
0.90 4
0.80 7
0905 3
1.50 2
Clark State Community College
0.75 1
0.85 2
0.75 4
0.85 2
1.00 5
Ohio University
1.00 2
1.25 6
1.00 7
1.25...
Most questions answered within 3 hours.
-
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 43 seconds ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 2 minutes ago -
A transverse wave on a cord is given by
D(x,t)=0.18sin(2.7x−61.0t), where Dand x are in m...
asked 7 minutes ago -
ASSIGNMENT
ANSWER ANY TWO OF THE FOLLOWING IN 2-3 PARAGRAPHS OF EACH
QUESTION.
1: Where is...
asked 5 minutes ago -
Question 1 (5 marks)
Studies have shown that the price elasticity for GP
consultations is -0.2...
asked 7 minutes ago -
The owner of 22 restaurants was asked how he does marketing
research. He answered that he...
asked 11 minutes ago -
The premium on a June 17 British pound call option with a strike
price of $1.2560...
asked 27 minutes ago -
We sometimes have to choose between the highest NPV and IRR;
will we not always get...
asked 22 minutes ago -
How do ethical issues affect decision making and what ethical
issues do you see in the...
asked 25 minutes ago -
Calculate the moment
of inertia (in kg·m2) of a skater given the following
information.
(a)
The...
asked 40 minutes ago -
A small body of mass m performs small oscillations sliding (no
rolling) along the bottom of...
asked 44 minutes ago -
The electric field in the region between two oppositely charged,
parallel, conducting plates has a magnitude...
asked 43 minutes ago