uppose that total cost is given by TC = 200 + 5Q – 0.4Q2 + 0.001Q3
Select one:
a. Fixed cost is 200
b. Average variable cost (AVC) is 5 – 0.4Q + 0.001Q2
c. All of the above are correct
d. Variable cost (VC) is 5Q – 0.4Q2 + 0.001Q3
e. Marginal cost (MC) is 5 – 0.8Q +.003Q2
uppose that total cost is given by TC = 200 + 5Q – 0.4Q2 + 0.001Q3...
The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 100 + 10Q. What is the; a. fixed cost (FC), b. variable cost (VC), c. marginal cost (MC), d. average fixed cost (AFC), e. average variable cost (AVC), f. average total cost (ATC)?
Finish the table. MPL: Marginal production of labor TC: Total cost MC: Marginal Cost AFC: Average fixed cost AVC: Average variable cost ATC: Average total cost lormal text - Times New... - 12 B I VA G E A E 1 E- Labor Week 6 Assignment: Production Costs 20 Points) Output MPL FC VC TC MC AFC AVC ATC (Q) 0 25 WN 25 50 75 100 13 25 15 F 16 25 125 1. Complete the table above. (4...
Complete the following chart. Quantity Total Cost (TC) Total Fixed Cost (FC) Total Variable Cost (VC) Average Total Cost (ATC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Marginal Cost 0 100 0 1 50 2 80 3 100 4 110 5 130 6 160 7 200 8 250 9 310 10 380
3) Suppose the cost curve for a firm producing sneakers is TC 1010 q - 4q- + 3.1 (10 points) What are the firm's fixed costs, variable costs, average costs, average fixed cost, average variable costs, and marginal costs? 3.2 (10 points) Graph all 7 cost functions (TC, VC, FC, AC, AVC, AFC, MC) for quantities q 0 to q 10. You can use the Excel program to generate these graphs, plot C, VC, and FC in one graph and...
1. When ONLY Total Costs (TC) are known, explain how to calculate each of the following: a. Fixed Costs (FC) b. Variable Costs (VC) c. Average Variable Costs (AVC) d. Average Total Costs (ATC) e. Average Fixed Costs (AFC) f. Marginal Costs (MC)
suppose a firm's total cost of production (TC) is tc=2Q^2 mc=4Q Suppose a firm's total cost of production (TC) is TC = 20 MC = 40 What do the firm's average total cost curve, average variable cost curve, and marginal cost curve look like? Draw the following curves from 0 to 5 units of output. 1.) Using the line drawing tool.graph the firm's average total cost curve and label it ATC 2.) Using the line drawing tool, graph the firm's...
Total cost function is: TC=20 + 2Q+5Q^2. What is the total cost, average total cost, average fix cost, and average variable cost of producing 5 units of output? What is the marginal cost of the 6th unit of output?
Question 11 1 pts Refer to the table below that shows Output, FC, VC, TC, AVC, ATC, and MC. What is the value of X? OUTPUT(Q) FC VC TC AVC ATC MC 10 200 400 х 11 662 Y 12 82 N $40 $600 $6000 $60 Question 10 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the fixed cost when...
7) The total cost (TC) of producing computer software diskettes (Q) is given as: TC - 200 + SQ. What is the marginal cost? A) 200 B) 50 C) 5+ (200/0) D) 5 8) The total cost (TC) of producing computer software diskettes (Q) is given as: TC - 200+ 50. What is the average total cost? A) 500 C) 50 B) 5+ (200/0) D) 5 enne n The marginal cost is constant at $0.10 for all
1. A monopoly is facing an inverse demand curve that is p=200-5q. There is no fixed cost and the marginal cost of production is given and it is equal to 50. Find the total revenue function. Find marginal revenue (MR). Draw a graph showing inverse demand, MR, and marginal cost (MC). Find the quantity (q) that maximizes the profit. Find price (p) that maximizes the profit. Find total cost (TC), total revenue (TR), and profit made by this firm. Find...