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Which of the following explains the relationship among different cost functions? Select one: o a. The...
need answer quickly Which of the following explains the relationship among different cost functions? Select one:...
need answer quickly
Which of the following explains the relationship among different cost functions? Select one: a. The marginal cost of the fifth unit of output equals the total fixed cost of five units minus the total fixed cost of four units. b. The total variable cost of seven units equals the average variable cost of seven units divided by seven c. The average total cost of seven units equals the average variable cost of the seven units minus the...
8. , which of the following statements is (are) correct? (x) The marginal cost of the...
8. , which of the following statements is (are) correct? (x) The marginal cost of the fifth unit equals the variable cost of five units minus the variable cost of four units (y) The variable cost of 50 units equals the average variable cost of 50 units times 50. (z) If marginal cost is rising, then average variable cost is rising if marginal cost exceeds average variable cost. A. (x), (y) and (z) B. (x) and (y) only C. (x)...
1)Which of the following statements is true? A. Average fixed cost equals total fixed cost divided...
1)Which of the following statements is true? A. Average fixed cost equals total fixed cost divided by total output. B. Average total cost always falls as output increases. C. Average fixed cost equals average total cost plus average variable cost. D. Average variable cost is always greater than average fixed cost. 2) As output increases, average fixed cost A. remains constant. B. always decreases. C. decreases, then increases. D. increases, then decreases. 3) Average total cost minus average variable cost...
Average total cost equals: O A. average fixed cost plus average variable cost. O B. average...
Average total cost equals: O A. average fixed cost plus average variable cost. O B. average fixed cost minus average variable cost. O C. total cost minus average cost. OD. total fixed cost plus total variable cost.
HELP THANKS Use your knowledge of cost functions to calculate the missed cost data in the...
HELP THANKS
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Marginal Fixed Variable Total Average fixed Average variable Average total | cost cost cost cost cost cost cost 0 $50.00 $68.00 2 3 $85.00 $20.00 $360.00 What is the total cost when producing zero units? total cost: $ 40 What is the marginal cost for the first unit? What is the marginal cost...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table Round your answers to two digits after the decimal. Fixed Variable Marginal Total Average Average Average Quantity fixed cost variable cost total cost cost cost cost cost 0 $40.00 1 $68.00 2 $85.00 3 $412.00 $50.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average...
Question 9 1 pts Costs per unit (dollars per unit) o 20 40 60 80 Quantity...
Question 9 1 pts Costs per unit (dollars per unit) o 20 40 60 80 Quantity (units per day) In the figure above, when 40 units are produced the average fixed cost is $8 O $12 $20 ОО $4 Question 10 1 pts When marginal cost is greater than average total cost, O average total cost is falling. O average total cost is rising. O marginal cost must be falling. O average variable cost must be falling. Question 11 1...
Matching (15 pts) a.) Average fixed costs b.) Average product c.) Average total cost d.) Average...
Matching (15 pts) a.) Average fixed costs b.) Average product c.) Average total cost d.) Average variable cost e.) Diseconomies of scale f.) Economies of scale 9.) Fixed costs m.) Optimal output rule h.) Law of diminishing marginal productivity n.) Profit i.) Long run 0.) Short run 1.) Marginal cost p.) Total cost k.) Marginal product q.) Total product 1.) Marginal revenue r.) Variable costs 1.) Total revenue minus total cost 2.) The sum of total fixed and total variable...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table....
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Fixed cost Variable cost Total Average fixed Average variable Average total cost cost I cost cost --- --- ... Marginal Quantity cost 0 1 2 3 $85.00 $45.00 | $64.00 $50.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost:...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table....
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Quantity Marginal cost Fixed cost Variable cost Total cost Average fixed cost Average variable cost Average total cost 0 --- --- --- --- 1 $50.00 2 $64.00 3 $85.00 4 $30.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost:...
need answer quickly
Which of the following explains the relationship among different cost functions? Select one: a. The marginal cost of the fifth unit of output equals the total fixed cost of five units minus the total fixed cost of four units. b. The total variable cost of seven units equals the average variable cost of seven units divided by seven c. The average total cost of seven units equals the average variable cost of the seven units minus the...
Average total cost equals: O A. average fixed cost plus average variable cost. O B. average fixed cost minus average variable cost. O C. total cost minus average cost. OD. total fixed cost plus total variable cost.
HELP THANKS
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Marginal Fixed Variable Total Average fixed Average variable Average total | cost cost cost cost cost cost cost 0 $50.00 $68.00 2 3 $85.00 $20.00 $360.00 What is the total cost when producing zero units? total cost: $ 40 What is the marginal cost for the first unit? What is the marginal cost...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table Round your answers to two digits after the decimal. Fixed Variable Marginal Total Average Average Average Quantity fixed cost variable cost total cost cost cost cost cost 0 $40.00 1 $68.00 2 $85.00 3 $412.00 $50.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average...
Question 9 1 pts Costs per unit (dollars per unit) o 20 40 60 80 Quantity (units per day) In the figure above, when 40 units are produced the average fixed cost is $8 O $12 $20 ОО $4 Question 10 1 pts When marginal cost is greater than average total cost, O average total cost is falling. O average total cost is rising. O marginal cost must be falling. O average variable cost must be falling. Question 11 1...
Matching (15 pts) a.) Average fixed costs b.) Average product c.) Average total cost d.) Average variable cost e.) Diseconomies of scale f.) Economies of scale 9.) Fixed costs m.) Optimal output rule h.) Law of diminishing marginal productivity n.) Profit i.) Long run 0.) Short run 1.) Marginal cost p.) Total cost k.) Marginal product q.) Total product 1.) Marginal revenue r.) Variable costs 1.) Total revenue minus total cost 2.) The sum of total fixed and total variable...
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Fixed cost Variable cost Total Average fixed Average variable Average total cost cost I cost cost --- --- ... Marginal Quantity cost 0 1 2 3 $85.00 $45.00 | $64.00 $50.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost:...
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