1b. Will a change in fixed costs change total variable cost? 1c. Will a change in...
1b. Will a change in fixed costs change total variable cost?
1c. Will a change in fixed costs change average cost?
1d. Will a change in fixed costs change marginal cost?
Homework Answers
a) Fixed cost do not change total variable cost as fixed cost remains constant whereas variable cost occurs due to change in variable inputs
b) Fixed cost change average cost as average cost = AFC+ATC
d) Fixed cost do not change marginal cost as marginal cost occurs due to change in total output
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1b. Will a change in fixed costs change total variable cost?
1c. Will a change in...
The answers to choose from are -1a,1b -none -1b,1c -all -1a,1b,1c -1b,1c -1b,1c,1d -1a,1b,1c,1d 19) Consider...
The answers to choose from are
-1a,1b
-none
-1b,1c
-all
-1a,1b,1c
-1b,1c
-1b,1c,1d
-1a,1b,1c,1d
19) Consider the network shown below. Suppose AS3 and AS2 are running OSPF for their intra-AS (10pts) routing protocol. Suppose AS1 and AS4 are running RIP for their intra-AS routing protocol. Suppose eBGP and iBGP are used for the inter-AS routing protocol. Initially suppose there is no physical link between AS2 and AS4. a) Which routers in AS1 run eBGP? b) Which routers in AS1 run...
6. Total cost is calculated as a.the sum of total fixed cost and total variable cost....
6. Total cost is calculated as a.the sum of total fixed cost and total variable cost. b.the product of average total cost and price. c. the sum of all the firm's explicit costs. d. the sum of average fixed cost and average variable cost 7. The formula for the total fixed cost is a.TFC = TC + TVC. b.TFC = TVC -TC c.. TFC = TC/TVC. d.TFC = TC -TVC 8.The Lawn Ranger, a landscaping company, has total costs of...
Production-Costs. Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost...
Production-Costs. Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost $25 FE FF LL MM GG $13.25 HH UU $16 BB 522 CC vy DD KK $22.75 ww Solve for the missing entries in the above table. Round all average cost calculations to the nearest cent
Question 1a, 1b, 1c, 1d Closet Links Clothing Company provided the following manufacturing costs for the...
Question 1a, 1b, 1c, 1d
Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $ 138,000 Direct materials cost 87,000 Equipment depreciation (straight-line) 22,000 Factory insurance 16,000 Factory manager's salary 10,800 Janitor's salary 5,000 Packaging costs 19,600 Property taxes 16.000 From the above information, calculate Closet Link's total variable costs. O A. $244,600 O B. $314,400 O C. $69,800 O D. $225,000 Question Help Which of the following is not an assumption...
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...
If fixed costs do not change, then marginal cost also remains constant. equals the change in...
If fixed costs do not change, then marginal cost also remains constant. equals the change in average fixed cost divided by the change in output. equals the change in average variable cost divided by the change in output. equals the change in variable cost divided by the change in output.
Given the quantity and total cost, calculate for a total fixed cost, the total variable cost,...
Given the quantity and total cost, calculate for a total fixed cost, the total variable cost, average fixed cost, average total cost, the average variable cost, and marginal cost. You are required to graph the total cost curves as well as the average and marginal cost curves. Quantity Total Cost Total Fixed Cost Total Variable Cost Average Fixed Cost Average Total Cost Average Variable Cost Marginal Cost 1 30 2 75 3 150 4 255 5 380 6 525 7...
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...
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...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced Total Cost 0 $ 120 1 135 2 148 3 159 ...
The answers to choose from are
-1a,1b
-none
-1b,1c
-all
-1a,1b,1c
-1b,1c
-1b,1c,1d
-1a,1b,1c,1d
19) Consider the network shown below. Suppose AS3 and AS2 are running OSPF for their intra-AS (10pts) routing protocol. Suppose AS1 and AS4 are running RIP for their intra-AS routing protocol. Suppose eBGP and iBGP are used for the inter-AS routing protocol. Initially suppose there is no physical link between AS2 and AS4. a) Which routers in AS1 run eBGP? b) Which routers in AS1 run...
Production-Costs. Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost $25 FE FF LL MM GG $13.25 HH UU $16 BB 522 CC vy DD KK $22.75 ww Solve for the missing entries in the above table. Round all average cost calculations to the nearest cent
Question 1a, 1b, 1c, 1d
Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $ 138,000 Direct materials cost 87,000 Equipment depreciation (straight-line) 22,000 Factory insurance 16,000 Factory manager's salary 10,800 Janitor's salary 5,000 Packaging costs 19,600 Property taxes 16.000 From the above information, calculate Closet Link's total variable costs. O A. $244,600 O B. $314,400 O C. $69,800 O D. $225,000 Question Help Which of the following is not an assumption...
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...
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...
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...
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