Alejandro is one of the leading widget producers in the country. His total costs amount to...

Question

Question

Alejandro is one of the leading widget producers in the country. His total costs amount to...

Alejandro is one of the leading widget producers in the country. His total costs amount to $5,000, total fixed costs ate $2,000, and average total costs are $250. What is Alejandro’s marginal cost at the present level of production?

A. $60

B. $80

C. $100

D. $200

or another option:

E. there is not enough information to answer the question

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Total cost=5000. Total fixed cost=2000. Total variable cost=3000 and average variable cost=250

Thus output=3000/250=12

Marginal cost is the addition in total cost due to an additional unit produced which cant only be calculated either by the change in total cost or total variable cost which cannot be find out in given information

Thus ans is E

Add a comment

Answer 2

Similar Homework Help Questions

The costs associated with producing six widgets are as follows: .80 variable cost per widget and...

The costs associated with producing six widgets are as follows: .80 variable cost per widget and .10 fixed cost per widget. Using this information, complete the following calculations: What is the total cost of producing six widgets? What is the average total cost of producing six widgets? If the variable cost of producing five widgets is .60 and the fixed cost for producing five widgets is .10, what is the marginal cost of producing the sixth widget? How would each...
4. If fixed costs are $100 and variable costs are $200 at an output level of...

4. If fixed costs are $100 and variable costs are $200 at an output level of 30 units, what are the average fixed costs, average variable costs, and average total costs? *Please show all work this time. Quantity Fixed Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 10 5,000 5,500 20 5,000 5,800 30 5,000 6,000 40 5,000 6,100 50 5,000 6,150 60 5,000 6,175
Production Costs Fill out the following table and graph the average variable cost, average total cost,...

Production Costs Fill out the following table and graph the average variable cost, average total cost, and marginal costs Output tables/day Total cost Variable cost Average Total Cost Average variable cost Marginal Cost 0 $50 1 60 2 80 3 115 4 170 5 250 6 350 1) What is the dollar amount of the fixed costs of production? $50 2) For 5 tables, what is the average fixed cost and the average variable cost?

Widgets R Us currently has a fixed amount of capital, which costs the firm $1,000. Since...

Widgets R Us currently has a fixed amount of capital, which costs the firm $1,000. Since this capital cannot be changed at will, the only way to vary the output of widgets is to change the number of workers. The table helow shows the total output of widgets when different numbers of workers are assigned to a widget press each day. If no workers are working a press, the utput for that press is zero. Each worker hired by Widgets...
Falculate marginal costs, total costs, average fixed costs, average variable costs and average to...

Falculate marginal costs, total costs, average fixed costs, average variable costs and average total costs, given the following table. Fixed Costs are $100 (even when there is no production). Round to the nearest whole number. AverageAveraze Variable MarinalalixedVariable Arverage Total Cost Cost Cost OutputCost Cost Cost 60 90 110 150 230 350 510 710 Falculate marginal costs, total costs, average fixed costs, average variable costs and average total costs, given the following table. Fixed Costs are $100 (even when there...
Widgets R Us currently has a fixed amount of capital, which costs the firm $1,000. Since...

Widgets R Us currently has a fixed amount of capital, which costs the firm $1,000. Since this capital cannot be changed at will, the only way to vary the output of widgets is to change the number of workers. The table below shows the total output of widgets when different numbers of workers are assigned to a widget press each day. If no workers are working a press, the output for that press is zero. Each worker hired by Widgets...

Given the following data, calculate the total fixed total variable and marginal costs at each level...

Given the following data, calculate the total fixed total variable and marginal costs at each level of production. Quantity Total Cost Total Fixed Cost Total Variable Cost Average Total Cost Marginal Cost 0 $100 1 $20 2 $30 3 $100 4 $75
Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1...

Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1 150 100 50 100 50 150 50 2 225 100 125 50 62.5 112.5 75 3 230 100 130 33.33 43.33 76.67 5 4 300 100 200 25 50 75 70 5 400 100 300 20 60 80 100 Graph the average and marginal cost curves from the previous question. What would be the optimal output, assuming you want to minimize diminishing returns?
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues...

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $130 120 300 100 110 400 80 100 500 60 90 600 40 80 700 20 Marginal Cost (dollars) $25 32 40 Average Total Cost (dollars) $139.00 103.30 87.50 82.00 77.00 77.00 60 52 77 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a...

1. Toys Create Corp., produce puzzles and sell to consumers. A worker costs MYR 100 a day, and the firm has fixed costs of MYR 200. Workers Output Marginal Product Total Cost Average Total Cost Marginal Cost 0 0 --- --- --- 1 20

1. Toys Create Corp., produce puzzles and sell to consumers. A worker costs MYR 100 a day, and the firm has fixed costs of MYR 200. WorkersOutputMarginal ProductTotal CostAverage Total CostMarginal Cost00---------1202503904120514061507155a. Using the information above, calculate the marginal product, total cost, average total cost, and marginal cost. Identify the output level at minimum average total cost for Toys Create Corp. b. Construct the marginal-cost and average-total-cost curves for Toys Create Corp. Using your own words, explain diminishing marginal product and...

Alejandro is one of the leading widget producers in the country. His total costs amount to...

Homework Answers

Add Answer to:
Alejandro is one of the leading widget producers in the country. His total costs amount to...

Post as a guest

Earn Coins

The costs associated with producing six widgets are as follows: .80 variable cost per widget and...

4. If fixed costs are $100 and variable costs are $200 at an output level of...

Production Costs Fill out the following table and graph the average variable cost, average total cost,...

Widgets R Us currently has a fixed amount of capital, which costs the firm $1,000. Since...

Falculate marginal costs, total costs, average fixed costs, average variable costs and average to...

Widgets R Us currently has a fixed amount of capital, which costs the firm $1,000. Since...

Given the following data, calculate the total fixed total variable and marginal costs at each level...

Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1...

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues...

1. Toys Create Corp., produce puzzles and sell to consumers. A worker costs MYR 100 a day, and the firm has fixed costs of MYR 200. Workers Output Marginal Product Total Cost Average Total Cost Marginal Cost 0 0 --- --- --- 1 20

Alejandro is one of the leading widget producers in the country. His total costs amount to...

Homework Answers

Add Answer to: Alejandro is one of the leading widget producers in the country. His total costs amount to...

Post as a guest

Earn Coins

Add Answer to:
Alejandro is one of the leading widget producers in the country. His total costs amount to...