For the same firm, what is the average total cost? A firm produces 200 units hourly with $150 in labor costs an hour, $8...
For the same firm, what is the average total cost?
A firm produces 200 units hourly with $150 in labor costs an hour, $80 in materials costs an hour, and a fixed cost that works out to $20 per hour.
a. $1.15
b. $1.25
c. $250
d. $1
Homework Answers
A firm produces 200 units hourly with $150 in labor costs an hour, $80 in materials costs an hour, and a fixed cost that works out to $20 per hour.
Q=200
Total variable cost=$150+$80
Fixed cosr=$20
Total cost=TVC+TFC
=230+20
TC=$250
Average total cost=TC/Q
=250/200
=1.25
Average total cost=$1.25
Add Answer to:
For the same firm, what is the average total cost? A firm produces 200 units hourly with $150 in labor costs an hour, $8...
A firm produces 200 units hourly with $150 in labor costs an hour, $80 in materials costs an hour, and a fixed cost that...
A firm produces 200 units hourly with $150 in labor costs an hour, $80 in materials costs an hour, and a fixed cost that works out to $20 per hour. First, what are this firm's hourly variable and total costs? a. VC=$1.15, TC=$1.25 b. VC=$150, TC=$170 c. VC=$170, TC=$250 d. VC=$230, TC=$250
A firm produces 200 units of output at a total cost of $1,000. The firm's total...
A firm produces 200 units of output at a total cost of $1,000. The firm's total fixed cost equals $200.The firm’s per-unit average variable cost is _____. a. $4 b. $8 c. $5 d. $10 e. $7 A game that demonstrates the basic problem confronting noncolluding oligopolists is known as _____. a. a tit-for-strategy game b. the prisoners’ dilemma c. a cooperative game d. a noncooperative game e. the oligopolists’ dilemma A linear demand curve for a good is: a....
The U.R. Good Company produces a product using standard costs as follows: a. Standard cost per unit Materials 7 kilos at ₱ 3.50 per kilo Labor 8 hours at ₱ 1.75 per kilo Fixed MOH ₱ 1.15 per hour or ₱ 9.20 per unit Variabl
The U.R. Good Company produces a product using standard costs as follows:a. Standard cost per unit Materials 7 kilos at ₱ 3.50 per kilo Labor 8 hours at ₱ 1.75 per kilo Fixed MOH ₱ 1.15 per hour or ₱ 9.20 per unit Variable MOH ₱ 0.85 per hour or ₱ 6.80 per unitb. Overhead is applied on direct labor hoursc. Actual performance (1 month) Volume produced 800 Labor hours 6,300 Overhead ₱13,200 Material Cost ...
Refer to the following table. What is the average variable cost of producing three units of...
Refer to the following table. What is the average variable cost of producing three units of the good? Output Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 — — — — — — — 2 — — $600 — — — — 3 — — — — ????? — $20 4 — $440 — — — — — 5 $500 — — — — — — a. $20...
2-8 A An assembly line can produce 80 units per hour. The line's hourly cost is...
2-8 A An assembly line can produce 80 units per hour. The line's hourly cost is $4250 on straight time (the first 8 hours). Workers are guaranteed a minimum of 5 hours. There is a 35% premium for overtime, however, productivity for overtime drops by 10%. What are the average and marginal costs per unit for the following daily quantities? (a) 350 (b) 500 (c) 640 (d) 850
Total Product Total Variable Cost Total Fixed Cost $150 150 0 $ OL 1 50 2...
Total Product Total Variable Cost Total Fixed Cost $150 150 0 $ OL 1 50 2 150 75 3 150 105 4 150 145 5 150 200 6 150 270 7 150l 360 8 150 475 9 150 620 10 150 800 Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will o produce 6 units and incur a loss of $30. o...
The following is a total cost curve. 1000, Total cost ($) 0 50 100 150 200...
The following is a total cost curve. 1000, Total cost ($) 0 50 100 150 200 250 300 350 Quantity (9) On the diagram to the right, sketch the corresponding marginal cost curve. Marginal cost per unit ($) Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'. Note: Use the multipoint curved line drawing tool one time to draw the entire curve. If the price of output is $3.00 and there are...
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150...
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150 W 110 130 145 155 160 000 80 150 Refer to the table above. What is the firm's marginal cost when it produces 55 units of the good? 50.33 $0.50 $0.66 $0.75 • Previous
Fiori Corporation's relevant range of activity is 4,500 units to 8,500 units. When it produces and...
Fiori Corporation's relevant range of activity is 4,500 units to 8,500 units. When it produces and sells 6,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.90 $ 3.50 $ 1.95 $ 3.60 $ 1.25 $ 1.15 $ 1.80 $ 1.30 The incremental manufacturing cost that the company will incur if it increases...
Schonhardt Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per Unit Di...
Schonhardt Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.15 Direct labor $ 3.40 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 2.80 Fixed selling expense $ 0.70 Fixed administrative expense $ 0.40 Sales commissions $ 0.50 Variable administrative expense $ 0.40 If 5,000 units are produced, the total amount of fixed manufacturing cost...
2-8 A An assembly line can produce 80 units per hour. The line's hourly cost is $4250 on straight time (the first 8 hours). Workers are guaranteed a minimum of 5 hours. There is a 35% premium for overtime, however, productivity for overtime drops by 10%. What are the average and marginal costs per unit for the following daily quantities? (a) 350 (b) 500 (c) 640 (d) 850
Total Product Total Variable Cost Total Fixed Cost $150 150 0 $ OL 1 50 2 150 75 3 150 105 4 150 145 5 150 200 6 150 270 7 150l 360 8 150 475 9 150 620 10 150 800 Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will o produce 6 units and incur a loss of $30. o...
The following is a total cost curve. 1000, Total cost ($) 0 50 100 150 200 250 300 350 Quantity (9) On the diagram to the right, sketch the corresponding marginal cost curve. Marginal cost per unit ($) Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'. Note: Use the multipoint curved line drawing tool one time to draw the entire curve. If the price of output is $3.00 and there are...
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150 W 110 130 145 155 160 000 80 150 Refer to the table above. What is the firm's marginal cost when it produces 55 units of the good? 50.33 $0.50 $0.66 $0.75 • Previous
Fiori Corporation's relevant range of activity is 4,500 units to 8,500 units. When it produces and sells 6,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.90 $ 3.50 $ 1.95 $ 3.60 $ 1.25 $ 1.15 $ 1.80 $ 1.30 The incremental manufacturing cost that the company will incur if it increases...
Most questions answered within 3 hours.
-
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 29 minutes ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 54 minutes ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 1 hour ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 2 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 3 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 3 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 3 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 3 hours ago -
2. An AC generator has 80 rectangular loops on
its armature. Each loop is 11 cm...
asked 3 hours ago -
Please help me with this question. Consider Aldi’s current and
potential geographic markets (see Exhibit 4...
asked 3 hours ago -
What are the main components of the fermentation process and
give an explanation of each? Include...
asked 3 hours ago -
Explain which types of cells in the body (belonging to which
organs, etc.) are sensitive to...
asked 3 hours ago