ATC AVC d MR MC 100 85 70 60 50 35 20 3 6 9 12 20 21 Figure 9.1 Refer to Figure 9.1. For this company to maximize profits it should produce units. A 12 20
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- Do step by step. No excel plsQuantity 0 1 2 3 4 5 6 7 8 Total Cost $60 90 109 125 140 160 184 210 240 TVC AVC 49 $0 30 30.00 90.00 24.50 54.50 65 21.67 41.67 16 80 20.00 35.00 15 100 124 150 AC -LL_ 20.00 32.00 MC 21.43 30.00 180 22.50 30.00 30 19 20.67 30.67 24 20 26 30 Given the costs above, what is this perfectly competitive firm's total profit* when the market price is $15? *Note: Be sure to use a negative sign if the firm incurs a loss.Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.
- In the table below what is the average cost of the 20th unit of output? a IPCSB.25 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. b U 6 7 8 d 12 Output Total Cost Marginal Cost 0 100 10 120 20 160 30 230 ធ 2 41. ThedemandfunctionforagoodisgivenbytheequationP=a−bQwhilethetotalcost function is TC = dQ2 + eQ + f, where a, b, d, e and f are positive constants. (a) Derive the equation for profit.(b) Derive an expression for the value of Q for which profit is maximised.Use the diagrams to answer the following questions. Price and cost 20- 18 16- 14- 12 10 8 6 4 2+ o Market 1 488888 MC NO₂ MR 40 55 an in en nn minn Price and cost 20- 18- 16- 14 12- 10- 8- 6- 4- 2- 0 Market 2 0000000 MC NMR Annnnn in ED ORA on noinn If the firm wants to maximize profits, what price will it charge in Market 1, and what quantity will it sell? The firm will charge a price of $ using integers). Q and will sell a quantity of units. (Enter numeric responses
- Interpret in below diagram and determine at what point the short rus firm will shut down their production and why? $300 190 MC ATC $74 100 P=$71 50 Cost and revenue 1 6 Output For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial 7 8 9 10pt AVC 10 MR =P > !!! V AV 2 I.Figure 2 Revenue, Costs 40 38, 30 26 60 100 130 MC ATC AVC Q MR=50What is the total cost associated with producing eight units of the control varlable, a (identify point B in the tablej? 34 Marginal Harginal Harginal Net Bеnefit Control Total Net Costs Benefits Benefit Total variable Benefits Cost Sepped B(Q) C(Q) MB(0) MC(0) MND (0) 900 100 800 900 100 800 2 1,700 300 800 200 600 2,400 600 1,800 700 E 400 1,000 1,500 400 500 2,000 2,000 1,800 1,400 4 600 200 3,500 500 3,900 2,100 D 600 -200 4,200 4,400 4,500 2,800 300 700 -400 800 200 800 -600 4,500 100 900 -800 10 4,500 5,500 -1,000 1,000 -1,000 Mutiple Choice 3,000 3,600 3,800 4,200
- the next hree le production schedule for Great Balls of Fire, a food truck that sells alls of Fire has a lease on the truck itself that costs $1200 per week that at the food truck produces and sells any meatballs. They may hire up to ind sell the meatballs, workers cost $600 per week. The production any meatballs would be produced with the varying levels of employees. Fixed Costs Variable Cost Total Cost Average Variable Cost 30 0 1200 30 1800 3000 3000 30 3000 4200 2100 30 3600 4800 1600 le, please round all answers to the nearest cent. Do not enter any its (Ex. If your calculator says 12.376, just enter 12.38.) If your answer is I don't need to include the cents (Ex. you may enter 10 instead of 10.00) tting to the outer columns to enter your answer. First, make sure you try extending your browser window, pull the corner out so the window is TAB button on your keyboard to move between cells to get to the column that works, you can email me your answers to this question. Average Total…Automobile traffic creates two types of operating costs thatare not created by rail traffic. What are they?Cost Per Year Q₁ O Q₂ QQQQ O Q4 TC VC At what level of output does average total cost equal marginal cost? FC Output