Here AFC is given as 30.
AFC is FC/Q.
30= FC/2 or FC = 60. It will be the same throughout. Hence B=60.
For Q=3, TC =110. VC=110-60 = 50 since TC=VC+FC.
For Q=4, AVC =20. AVC = VC/Q
VC= 20*4 =80.
Thereforw, marginal cost for the fourth unit will be, 80-50 = 30. A=30.
For Q=4, TC = VC+FC = 80+ 60 = 140.
ATC for Q=4 will be 140/4 = 35.
C=35
For Q=5, TC = 180.
TC=VC+FC which implies VC = TC-FC = 180-60 = 120.
AVC for Q= 5 will be 120/5 = 24 =D
6) d) 30
7 b) 60
8e) None of the above.
9b) 24.
6-9 please Use the following table to answer questions 6-9: Number of VC MC AVC Earrings FCTC AFC ATC 0 B 2 30...
nk spaces of this table. Note that Q, VC. TC, AFC. AVC. ATC. an o output, variable cost, total cost, average fixed cost, average the blank of total cost, and marginal cost, respectively. (10 Points) AFC TAVG 50 n/a n/a n/a n/a 10 10 10 60 30 80 30 6.67 20 36.67 100 150 12.5 37.5 150 30 8.3535 43.33 60 b Please graph the ATC, FC, MC curve respectively (5 Points) c What is shape of ATC and can...
Given the below table: Q FC VC TC AFC AVC ATC MC 0 120 1 180 2 220 3 270 4 360 5 470 6 600 Complete the table. Draw the diagram with the curves of TC, VC and FC. Draw the diagram of the curves of ATC, AVC and AFC.
MC VI $10 1 30 Fill in the blank spaces of this table. VC TC | AFC | AVC ATC $50 n/a n/a n/a 10 $10 $60.00 2 | 30 | 80 16.67 20 36.67 100 150 12.50 37.50 / 5 150 30 6 / 210 / 260 | 8.33 43.33 3 60 35
Quantity FC VC AFC AVC ATC MC [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] 30
L K Q VC FC TC AVC AFC ATC MC 0 5 0 0 5 5 1 5 2 2 5 7 1.00 2.50 3.50 1.00 2 5 6 4 5 9 0.67 0.83 1.50 0.50 3 5 12 6 5 11 0.50 0.42 0.92 0.33 4 5 19 8 5 13 0.42 0.26 0.68 0.29 5 5 25 10 5 15 0.40 0.20 0.60 0.33 6 5 28 12 5 17 0.43 0.18 0.61 0.67 7 5 29 14...
Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded to two decimal places. Units (Q) VC($) TC($) MC($) | AFC($) AVC($) ATC($) FC($) 100 100 100 100 100 100 40 60 TDTT 70 85 130 (Note: Marginal costs should be interpreted as between levels of output.)
Table 2. IQTC FC VC MC AFC AVC O H D SO - -- 1 Z E I L $70 V 2 AF TJ 0 $46 13 B G K N P R Consider the information in Table 2. What is the value of O? ATC -- S M S110 1
Fill in the table: VC AVC TC 25 Output FC AFC ATC MC 15 47 25 30 40 4 6 12 109 20 10 130 Also give a explanation how you calculated those values (ex: First I was able to calculate...then I was able to fill this column, etc.) and give the formulas that you used. Do not submit only the table without any explanation. You have to bring a print version of your homework (no hand writin
Find FC, VC, TC, AFC, AVC, ATC, and MC from the following table. Capital costs $50 per unit, and two units of capital are used in the short run. Labor costs $20 per unit. 7. Total Cost Average Average Marginal Variable Cost |(MC) Fixed Units of Units of Variable Average Fixed Labor (L) Cost (FC) Cost (VC) (TC) Total Cost Output (ATC) (Q) Cost Cost (AFC) (AVC) 0 0 1 2 2 4 3 6 4 8 10
Subject Microeconomics Quantity AFC AVC ATC TC MC MR Profit/loss 1 60 45 --- 56 2 30 42.5 3 20 40 4 37.5 5 37 6 37.5 7 38.57 8 40.63 9 43.33 10 46.5 Week 2: Problem: Profitability