Homework Answers
It is short run because TFC is positive in the short run and zero in the long run.
Add Answer to:
Can you show me how to to and expain to me how to conplete this table?! L Complete the following cost table describi...
Can you show me how to to and expain to me how to conplete this table?!...
Can you show me how to to and expain to me how to conplete
this table?!
complete and tell me how what to do?
L Complete the following cost table describing the short run costs for Magenta Magnets: ti 10 Total Product (magnets) Total Fixed Costs (TFC) Total Variable Costs (TVC) Total Costs (TC) $100 Average Variable Costs (AVC) Average Total Costs (ATC) Marginal Cost (MC) $0 $30 $30 20 25 20 18 21 24 218 How do you know...
graph the short-run average cost curves. explain how you got each. (total revenue, Marg rev, MPL,...
graph the short-run average cost curves.
explain how you got each. (total revenue, Marg rev, MPL, TFC,
TVC, TC, AFC, AVC, ATC)
bakers (L) cakes (0) Total Revenue Marg Rev MPL TFC TVC T C AFC AVC ATC MC P(cake) Fixed Fixed cost wage $6 each capital $200 $50 per baker 20 38 56 73 104 133 158 191 219 250 277 296
Consider the following table of costs: Output &...
Consider the following table of costs: Output Total Variable Costs Total Costs 0 $0 $30 1 20 50 2 30 60 3 48 78 4 90 120 5 170 200 a) Plot the total fixed cost (TFC) curve, the total variable cost (TVC) curve, and the total cost (TC) curve on the same graph. b) Briefly explain the reason for the shape of the cost curves in part (a). c) Add to the...
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 ...
1. Using the table below, a price of $6 for the output (Py), a cost of...
1. Using the table below, a price of $6 for the output (Py), a cost of $10 per unit of variable input (Px), and a TFC of $200, compute the three total costs (TVC, TFC, TC), the three average costs (AVC, AFC, ATC) and the marginal cost (MC). (28 points) (Please show work for all the questions) TFC TVC TC AFC AVC ATC MC Variable Output Input (bushels) 0 0 10 35 20 75 30 105 40 130 SO 140...
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete...
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete the blank columns (5 points). Please create a table like mine and fill it. (b) Assume the price of this product equals $10. What's the profit-maximizing output (q)? (3 points). Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing a where P=MC.(2 points) (c) What is the profit? (3 points) TOTAL COST (TC) - the...
Complete the following short-run cost table using the information provided. Total product TFC AFC TVC AVC...
Complete the following short-run cost table using the information provided. Total product TFC AFC TVC AVC TC MC 0 0.0 1 3.0 2 5.0 5.0 3 9.0 7. (10 points) Answer the questions below on the basis of the above graph. (a) (3 points-1 point for short run; 1 point for long run; 1 point for how you can tell) How can you tell if these cost curves are for the short run or the long run? (b) (7 points)...
3. The following table gives the short-run and long-run total cost for various levels of output...
3. The following table gives the short-run and long-run total cost for various levels of output of Consolidated National Aeme, Inc. Q TC: TC TFC TVC AFC AVC MC 0 0 350 300 400 400 435 465 465 495 505 5 560 560 6 600 635 7 700 735 a. Which column, TCi or TC2, represents a long-run total cost, and which represents a short-run total cost? How do you know? b. For each level of output, find short-run TFC,...
2. Use the following table to answer the questions listed below. Output TC TFC...
2. Use the following table to answer the questions listed below. Output TC TFC TVC AFC AVC ATC MC 0 $100 $ $ $ $ $ $ 1 $150 $ $ $ $ $ $ 2 $225 $ $ $ $ $ $ 3 $230 $ $ $ $ $ $ 4 $300 $ $ ...
see When completed, the Worksheet table below describes the short run cost behaviour of ALEX, a...
see When completed, the Worksheet table below describes the short run cost behaviour of ALEX, a company that manufactures a standard type of industrial cappuccino machine. (Round all responses to two decimal places.) Cost Worksheet 1: Click on the Following Help Icon to View Key Formulae Number of machines produced Total Fixed Average Fixed Total Variable Average Total Average Cost Marginal Cost Cost Cost Variable Cost Total (TFC) (AFC) (MC) Cost (TVC) (Q) Cost (TC) (AVC) (ATC) 0 50.00 30.00...
Can you show me how to to and expain to me how to conplete
this table?!
complete and tell me how what to do?
L Complete the following cost table describing the short run costs for Magenta Magnets: ti 10 Total Product (magnets) Total Fixed Costs (TFC) Total Variable Costs (TVC) Total Costs (TC) $100 Average Variable Costs (AVC) Average Total Costs (ATC) Marginal Cost (MC) $0 $30 $30 20 25 20 18 21 24 218 How do you know...
graph the short-run average cost curves.
explain how you got each. (total revenue, Marg rev, MPL, TFC,
TVC, TC, AFC, AVC, ATC)
bakers (L) cakes (0) Total Revenue Marg Rev MPL TFC TVC T C AFC AVC ATC MC P(cake) Fixed Fixed cost wage $6 each capital $200 $50 per baker 20 38 56 73 104 133 158 191 219 250 277 296
1. Using the table below, a price of $6 for the output (Py), a cost of $10 per unit of variable input (Px), and a TFC of $200, compute the three total costs (TVC, TFC, TC), the three average costs (AVC, AFC, ATC) and the marginal cost (MC). (28 points) (Please show work for all the questions) TFC TVC TC AFC AVC ATC MC Variable Output Input (bushels) 0 0 10 35 20 75 30 105 40 130 SO 140...
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete the blank columns (5 points). Please create a table like mine and fill it. (b) Assume the price of this product equals $10. What's the profit-maximizing output (q)? (3 points). Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing a where P=MC.(2 points) (c) What is the profit? (3 points) TOTAL COST (TC) - the...
3. The following table gives the short-run and long-run total cost for various levels of output of Consolidated National Aeme, Inc. Q TC: TC TFC TVC AFC AVC MC 0 0 350 300 400 400 435 465 465 495 505 5 560 560 6 600 635 7 700 735 a. Which column, TCi or TC2, represents a long-run total cost, and which represents a short-run total cost? How do you know? b. For each level of output, find short-run TFC,...
see When completed, the Worksheet table below describes the short run cost behaviour of ALEX, a company that manufactures a standard type of industrial cappuccino machine. (Round all responses to two decimal places.) Cost Worksheet 1: Click on the Following Help Icon to View Key Formulae Number of machines produced Total Fixed Average Fixed Total Variable Average Total Average Cost Marginal Cost Cost Cost Variable Cost Total (TFC) (AFC) (MC) Cost (TVC) (Q) Cost (TC) (AVC) (ATC) 0 50.00 30.00...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 40 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago