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: $
What is the average total cost when producing three units?
average total cost: $
What is the average variable cost when producing four units?
average variable cost: $
Homework Answers
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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....
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 $45.00$45.00 2 $64.00$64.00 3 $95.00$95.00 4 $20.00$20.00 $380.00$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. 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...
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. Marginal Fixed Variable Total Average fixedAverage Average total Quantity cost cost cost cost cost variable cost cost 0 $50.00 2 $74.00 $95.00 4 $20.00 $400.00 What is the total cost when producing zcro units? total cost: $ What is the marginal cost for the first unit? marginal cost: S What is the avcrage total 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 Marginal Fixed Variable Total Average fixed Average Average total Quantity cost Cost cost cost Cost variable cost cost 1 $45.00 2 $74.00 $105.00 $20.00 $400.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: S What is the average total cost...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average total cost cost cost cost $40.00 $72.00 $105.00 $40.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average total cost when producing three units? average total cost: $ What is the average variable cost when producing four units? average variable cost: $ average variable...
Which of the following explains the relationship among different cost functions? Select one: o a. The...
Which of the following explains the relationship among different cost functions? Select one: o 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. 0. b. The total variable cost of seven units equals the average variable cost of seven units divided by seven. O c. The marginal cost of the fifth unit of output equals the total variable cost of five units minus 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...
Use the cost data to complete the charts. Assume that the following cost data are for...
Use the cost data to complete the charts.
Assume that the following cost data are for a purely competitive producer. Marginal Cost en WN- enn Average Fixed Average Average Total Cost Variable Cost Cost na $ 0.00 $ 0.00 60.00 $ 45.00 $ 105.00 30.00 $ 42.50 72.50 20.00 $ 40.00 60.00 15.00 37.50 52.50 55 12.00 37.00 49.00 6 $ 10.00 $ 37.50 $ 47.50 7 $ 8.57 $ 38.57 $ 47.14 8 $ 7.50 $ 40.63 $ 48.13...
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 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...
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 fixedAverage Average total Quantity cost cost cost cost cost variable cost cost 0 $50.00 2 $74.00 $95.00 4 $20.00 $400.00 What is the total cost when producing zcro units? total cost: $ What is the marginal cost for the first unit? marginal cost: S What is the avcrage total 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 Marginal Fixed Variable Total Average fixed Average Average total Quantity cost Cost cost cost Cost variable cost cost 1 $45.00 2 $74.00 $105.00 $20.00 $400.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: S What is the average total cost...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average total cost cost cost cost $40.00 $72.00 $105.00 $40.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average total cost when producing three units? average total cost: $ What is the average variable cost when producing four units? average variable cost: $ average variable...
Which of the following explains the relationship among different cost functions? Select one: o 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. 0. b. The total variable cost of seven units equals the average variable cost of seven units divided by seven. O c. The marginal cost of the fifth unit of output equals the total variable cost of five units minus the...
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...
Use the cost data to complete the charts.
Assume that the following cost data are for a purely competitive producer. Marginal Cost en WN- enn Average Fixed Average Average Total Cost Variable Cost Cost na $ 0.00 $ 0.00 60.00 $ 45.00 $ 105.00 30.00 $ 42.50 72.50 20.00 $ 40.00 60.00 15.00 37.50 52.50 55 12.00 37.00 49.00 6 $ 10.00 $ 37.50 $ 47.50 7 $ 8.57 $ 38.57 $ 47.14 8 $ 7.50 $ 40.63 $ 48.13...
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