Homework Answers
Fixed Cost = Total Cost when output is 0
|
Q |
TC |
MC |
FC |
VC |
AVC |
ATC |
|
0 |
60 |
60 |
0 |
|||
|
1 |
160 |
100 |
60 |
100 |
100 |
160 |
|
2 |
220 |
60 |
60 |
160 |
80 |
110 |
|
3 |
270 |
50 |
60 |
210 |
70 |
90 |
|
4 |
340 |
70 |
60 |
280 |
70 |
85 |
|
5 |
450 |
110 |
60 |
390 |
78 |
90 |
|
6 |
630 |
180 |
60 |
570 |
95 |
105 |
| Output(Q) | total cost (TC) |
MC= delta TC/delta Q |
FC = TC-VC | VC | AVC=VC/Q | ATC=TC/Q |
| 0 | 60 | --- | $60 | 0 | -- | ---- |
| 1 | 160 | $100 | $60 | $100 | $100 | $160 |
| 2 | 220 | $60 | $60 | $160 | $80 | $110 |
| 3 | 270 | $50 | $60 | $210 | $70 | $90 |
| 4 | 340 | $70 | $60 | $280 | $70 | $85 |
| 5 | 450 | $110 | $60 | $390 | $78 | $90 |
| 6 | 630 | $180 | $60 | $570 | $95 | $105 |
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Douglas Fur (DF) is a small manufacturer of fake-fur boots in Chicago. Its total cost of...
DOUGLAS FUR IS A SMALL MANUFACTURER OF FAKE FUR BOOTS IN CHICAGO ITS TOTAL COST OF...
DOUGLAS FUR IS A SMALL MANUFACTURER OF FAKE FUR BOOTS IN CHICAGO
ITS TOTAL COST OF PRODUCTION IS GIVEN BY THE FOLLOWING TABLE FILL
IN THE REMAINING CELL OF THE TABLE.
DOUGLAS FUR IS A SMALL MANUFACTURER OF FAKE FUR BOOTS IN CHICAGO ITS TOTAL COST OF PRODUCTION IS GIVEN BY THE FOLLOWING TABLE FILL IN THE REMAINING CELL OF THE TABLE.
7. Various measures of cost Douglas Fur is a small manufacturer of fake fur boots in...
7. Various measures of cost Douglas Fur is a small manufacturer of fake fur boots in Chicago. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the table. Quantity (Pairs) Total Cost (Dollars) Marginal Cost (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) On the following graph, plot Douglas Fur's average total cost curve (ATC) using the green...
Douglas Fur is a small manufacturer of fake-fur boots in Chicago. The following table shows the company's total cost of production at various production quantities.
Douglas Fur is a small manufacturer of fake-fur boots in Chicago. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC...
Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the...
Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company’s total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair) 0 120 — — 1 200 2 240 3 285 4 340 5 425 6 540
Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the...
Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs)Total Cost (Dollars)060115522203255430053506450On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol)....
4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia....
4. Various measures of cost
Douglas Fur is a small manufacturer of fake-fur boots in
Philadelphia. The following table shows the company’s total cost of
production at various production quantities.
Fill in the remaining cells of the following table.
On the following graph, plot Douglas Fur’s average total cost
(ATC) curve using the green points (triangle symbol). Next, plot
its average variable cost (AVC) curve using the purple points
(diamond symbol). Finally, plot its marginal cost (MC) curve using
the...
4. various measures or cost Douglas Fur is a small manufacturer of fake-fur boots in Detroit....
4. various measures or cost Douglas Fur is a small manufacturer of fake-fur boots in Detroit. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs) Marginal Cost (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Total Cost (Dollars) 60 160 220 270 340 450 630 On the following graph, plot Douglas Fur's average...
MURCI13) 4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in...
MURCI13) 4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in Dallas. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs) Total Cost (Dollars) Marginal Cost (Dollars) Average Variable Cost Fixed Cost (Dollars) Variable Cost (Dollars) Average Total Cost (Dollars per pair) 155 U W NO 220 i nts tannlemel e Rotal.cosATCL h On the following araph plot Douglas...
Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company’s total cost of production at various production quantities.
4. Various measures of costDouglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company’s total cost of production at various production quantities.Fill in the remaining cells of the following table.QuantityTotal CostMarginal CostFixed CostVariable CostAverage Variable CostAverage Total Cost(Pairs)(Dollars)(Dollars)(Dollars)(Dollars)(Dollars per pair)(Dollars per pair)060——115522203255430053506450On the following graph, plot Douglas Fur’s average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol)....
Douglas Fur is a small manufacturer of fake-fur boots in San Francisco. The following table shows the company's total cost of production at various production quantities.
4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in San Francisco. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. QuantityTotal CostMarginal CostFixed Cost Variable CostAverage Variable CostAverage Total Cost(Pairs)(Dollars)(Dollars)(Dollars)(Dollars)(Dollars per pair)(Dollars per pair)0120——121022703315438054756630On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points...
DOUGLAS FUR IS A SMALL MANUFACTURER OF FAKE FUR BOOTS IN CHICAGO
ITS TOTAL COST OF PRODUCTION IS GIVEN BY THE FOLLOWING TABLE FILL
IN THE REMAINING CELL OF THE TABLE.
DOUGLAS FUR IS A SMALL MANUFACTURER OF FAKE FUR BOOTS IN CHICAGO ITS TOTAL COST OF PRODUCTION IS GIVEN BY THE FOLLOWING TABLE FILL IN THE REMAINING CELL OF THE TABLE.
7. Various measures of cost Douglas Fur is a small manufacturer of fake fur boots in Chicago. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the table. Quantity (Pairs) Total Cost (Dollars) Marginal Cost (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) On the following graph, plot Douglas Fur's average total cost curve (ATC) using the green...
Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs)Total Cost (Dollars)060115522203255430053506450On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol)....
4. Various measures of cost
Douglas Fur is a small manufacturer of fake-fur boots in
Philadelphia. The following table shows the company’s total cost of
production at various production quantities.
Fill in the remaining cells of the following table.
On the following graph, plot Douglas Fur’s average total cost
(ATC) curve using the green points (triangle symbol). Next, plot
its average variable cost (AVC) curve using the purple points
(diamond symbol). Finally, plot its marginal cost (MC) curve using
the...
4. various measures or cost Douglas Fur is a small manufacturer of fake-fur boots in Detroit. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs) Marginal Cost (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Total Cost (Dollars) 60 160 220 270 340 450 630 On the following graph, plot Douglas Fur's average...
MURCI13) 4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in Dallas. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity (Pairs) Total Cost (Dollars) Marginal Cost (Dollars) Average Variable Cost Fixed Cost (Dollars) Variable Cost (Dollars) Average Total Cost (Dollars per pair) 155 U W NO 220 i nts tannlemel e Rotal.cosATCL h On the following araph plot Douglas...
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