Q: Total Cost AVC AFC ATC MC -- -- 1 25 40 65 a5 20 16 20 216 25 29 3 15 20 25 4 105 145 4 (15) For any…
A: Since you asked for only drawing the diagram, we are doing that only.
Q: 1. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?
A: To find : What will be average fixed cost.
Q: what is the minimum value of avc & mc B. Function or expression of TVC, AVC, AFC, ATC and MC
A: TC= 13q3-2q2+60q+100
Q: If marginal cost for 7th unit is given by the function:- 4Q2 - 3Q + 20 Calculate the marginal cost…
A: The marginal cost function is given as:- 4Q² - 3Q + 20 Also the number of unit produced Is 7 units…
Q: Suppose a firm manufactures coffee makers and sells them for $75$75 each. The costs incurred for…
A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…
Q: A production function is given by f(x1,x2)=(max(x1,x2))^0.5. Prices of inputs are p1=10 and p2=20.…
A: Price of inputs for X1 and X2 are 10 and 20 respectively. Firm want to produce Q=10 units.
Q: Which of the following cost relationships is incorrect? a. APL=TP/L b. TVC= TC-FC c. MC=change in…
A: Total cost is the sum of Fixed cost and variable cost. Fixed cost remains same at all levels of…
Q: A local coffee shop has the following production function of cups of coffee, ? = ?3/4?1/2. The firm…
A: The answer to the question is as follows :
Q: The cost function of producing Q units of good s.t: C(Q) = 4Q² + 16Q + 40 Write down the average…
A: The average cost is the total cost divided by the total quantity C(Q)=4Q^2+16Q+40 AC(Q)=C(Q)/Q…
Q: Suppose that the cost function for a commodity is C(x) = 40 + x2 dollars. %3D (a) Find the marginal…
A: Given Information: cost function: C(x) = 40 + x2 * The marginal cost of a commodity is the cost of…
Q: An electronic-parts manufacturer with U-shaped short-run cost curves is producing 15,000 units per…
A: Cost function shows how the cost of the production of a good changes with the change in the quantity…
Q: Suppose a pizza parlor has the following productions cost $4.00 in labor per pizza $2.00 in…
A: Profit is the key motive of firms operating in a market. Profit refers to the difference between the…
Q: Luis has a factory that produces construction tools in CDMX. Knowing that your marginal cost…
A: The firm produces output in the form of the various goods and services which has various costs…
Q: Tom, the only steel drum manufacturer in Narnia, can sell a single drum for $30. However, for every…
A: Here we calculate the output , price and Profit or loss by using the given information ,and fill the…
Q: Production function is Q = 200√L√K PL = 500 PK = 800 Total outlay, C = 5000 Determine lost…
A: Since you posted a question with multiple sub-parts, we will solve the first three sub-parts for…
Q: total revenue (TR) and total variable cost (VC) if the price is equal to the AVC
A: Relationship between TR and TVC 1. TR represents sum of MR and TVC represents Sum of MC Gross…
Q: A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³…
A: TC1 = 10q - 4q2 + q3 AC1 = TC1/q AC = 10 - 4q + q2 Average cost will be minimum when it's…
Q: Exercises 47-50 describe a number of business ventures. For each exercise, a. Write the cost…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: According to Accountants cost of production consist of both explicit and implicit cost ---- a) Yes.…
A: According to Accountants cost of production consist of both explicit and implicit cost. This…
Q: The marginal cost of producing the xth box of light bulbs is 4+ dollars per box. Determine how much…
A: The total cost of production refers to the monetary value of all the final inputs used in the…
Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC = 20,000q-…
A: LMC is the marginal cost which is the change in total cost by producing an additional unit of output…
Q: Question A5 For a particular product, Marginal Cost (MC) = Q + 5. Find an expression for Total Cost…
A: "Marginal cost is addition to the total cost when more unit of output is produced and it is obtained…
Q: the cost to maintain inventory for the weather balloon is given by C (x)= (21500/x)+2.4x, where x is…
A: We are going to derive the Marginal cost expression and theory behind it to answer this question.
Q: $/Q MC $30 ATC AVC 20 D 10 MR 50 100| 150 200 117 222
A: Given:ATC=$20Quantity=117
Q: For this cost function, Marginal Cost = MC = 10 q . (45) Fill in the table with your values from…
A: MC(marginal cost) is the slope of TC(total cost). TC is the sum of TVC(total variable cost) and…
Q: If output is produced according to Q = 4LK, the price of K is $10, and the price of L is $40, then…
A: Producers utilize value minimization as a basic guideline to spot what combination of labor and…
Q: Consider the following information about the input choices and prices, produci the same output in…
A: Cost minimization refers to optimal usage of factors of production such that for production of a…
Q: 7 A firm has this cost function: C = 4000 - 7Q + 8Q2. The firm is currently producing 5 units of its…
A: Cost Function = C = 4000 - 7Q + 8Q2 where Q = 5
Q: When a firm produces one unit, the variable cost is $3. When the firm produces two units, the…
A: Given information: Variable cost when the firm produces 1 unit = 3 Variable cost when the firm…
Q: This are the additional costs that result from increasing the output level by one or more units.
A: GIVEN This are the additional costs that result from increasing the output level by one or more…
Q: Intelligent Inc. specializes in the manufacture ofcomponents for personal computers. Managementhas…
A:
Q: The total cost of producing mobile phones can be represented by TC = 60 +6q The MC of the 4th mobile…
A: Marginal cost: Marginal Cost at 4th unit = TC at 3rd unit - TC at 4th unit MC = TCn-TCn-1
Q: 1. What is the total cost of the engine? 2. What is the total direct labor cost? 3. What is the…
A:
Q: C(x) = Use your function to answer the following questions. (a) What is the cost of renting two…
A: Total cost is the cost that includes variable as well as a fixed cost of the production process.
Q: 1a) Suppose a firm’s TC = 50Q.75. What is Marginal Cost for the 100th unit of production? Use a…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: List several fixed and variable costs associated with owning and operating an automobile. Suppose…
A: The fixed cost is incurred whether an activity take place or not. The variable cost varies with the…
Q: 1. What is the cost of the engine block? 2. What is the direct labor cost? 3. What is the total cost…
A: A part of the wage bill or payroll that can be specifically and consistently assigned to or…
Q: A firm has a fixed production cost of $4000. For the first 100 units of production, the firm has a…
A: Given Information: Fixed cost = $4000 For the first 100 units, the marginal cost = $50 per unit…
Q: Consider a simple three-step manufacturing process as illustrated in the figure given. Assuming the…
A: Demand is a monetary guideline alluding to a purchaser's craving to buy labor and products and…
Q: Answer the question on the basis of the following cost data. 13 Total Cost $24 3. 1. 48 2. 3. 54 4.…
A: Average total cost refers to per unit cost of production . It is estimated by dividing total cost by…
Q: Average Total Cost ($ per tablet) Number of Factories Q=100 Q=200 Q=300 Q=400 Q=500 Q=600 400 300…
A: Economies of scale refer to a situation when the firm experience a fall in the cost of production…
Q: Average Total Cost ($ per tablet) Q=400 Number of Factories Q=100 Q=200 Q=300 Q=500 Q=600 1 400 300…
A: Answer: The long-run average cost of production: in the long run a firm produces a particular level…
Q: Assume the short run variable cost function for Japanese beer is VC=0.6q^0.8 If the fixed cost (F)…
A: Variable cost: VC = 0.6q0.8 Fixed cost: F = 1500 -------
Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…
A: Suppose Ike's bike is presently producing 500 bikes per month in its only factory. its short run…
Q: The cost curve for producing widgets passes through the following points and is piecewise linear in…
A: Incremental cost of production is the increase in total cost due to increase in the production…
Q: The marginal cost of producing the xth box of light bulbs is 4 + dollars per box. Determine how much…
A: Given: Marginal Cost (MC)of xth element : 4+x^2/1000 dollars per box Total Cost(TC) of xth element:…
Q: The additional cost of producing one more unit of output is calicu
A: A firms has fixed cost and variable cost. The total cost is the sum of fixed cost and variable cost.
Q: What is the cheapest way of producing 850 units of output if a firm operates with the production…
A: It is given that;
Q: Consider the following total cost function: TC = 2/3Q3 – 10Q2 + 200Q + 50 A) Identify the FC and VC…
A: Total cost function is the given that can be used to compute other types of cost such as marginal…
Q: Can you think of a cost function, so that the marginal cost at any x is exactly equal to the cost of…
A: Marginal cost is cost of producing one additional unit. Cost function , total cost for producing x…
How to calculate Samsung's cost (C(Q)) of producing 1, 2,...15?
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- The Night Owl Restaurant generates sales of $1,000,000 a month with variable costs of 35%. The Kobe beef burger is one of the restaurants’ best selling menu items with a price of $13 and a food cost of 30%. The menu has 20 item and total sales average 20,000 menu items a month, of which 10% are Kobe beef burgers. What is the profit factor for the Kobe beef burger 1.20 0.56 0.49 1.5010. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the asking price for each assuming a 40% markup on cost.Q) Economies of Scale What will happen to the cost of producing Teslas if the Shanghai gigafactory doesn’t achieve economies of scale?
- show calculations A wheat seed dealer has a cost function: C = 100 + 20Q +Q2. Inverse demand is: P = 620 -2Q. Maximum profit is: A. 38,400 B. 36,200 C. 39,200 D. 29,900 Handwritten solution not required correct answer will get instant upvote.Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q + 800, what profit can be earned if the price is set to be $550 per item? U The profit is $ 1,?9 (Round to the nearest cent.) A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs STT00 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2000. Assumo a linear demand. What is the marginal profit if 200 TVs are produced It is $ 0 per item. (Round answer to nearest dollar.)An Electronic Company produces calculators. The fixed cost of producing calculators is 450,000. The variable cost of producing a calculator is 100. The company sells the calculators for 250. Given an annual volume of 50,000 calculators. Determine the units to produce to cover-up the fixed cost. Determine the profit at 50,000 volume of production. Determine the amount of sales to be generated in order for the firm not to incur any profit nor loss. If price increases to 400 all costs are the same, what is the new break-even units?
- 8. A manufacturer of handcrafted wine racks has found that the cost C and revenue R (in dollars) in one month are related by the equation C = R2 + 12,000. 450,000 Find the rate of change of revenue with respect to time when the cost is changing by $15 per month and the monthly revenue is $25,000.Assume that it costs a company approximately C(x) = 400,000 + 160x + 0.002x2 dollars to manufacture x smartphones in an hour. (a) Find the marginal cost function. Use it to estimate how fast the cost is increasing when x = 10,000. $ per smartphone Compare this with the exact cost of producing the 10,001st smartphone. The cost is increasing at a rate of $ per smartphone. The exact cost of producing the 10,001st smartphone is $ Thus, there is a difference of $ (b) Find the average cost function C and the average cost to produce the first 10,000 smartphones. C(x) = C(10,000) = $ (c) Using your answers to parts (a) and (b), determine whether the average cost is rising or falling at a production level of 10,000 smartphones. The marginal cost from (a) is --Select--- v than the average cost from (b). This means that the average cost is ---Select--- v at a production level of 10,000 smartphones. Need Help? Watch ItA manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by C= 0.2x +10,000. How fast is the cost per month changing when production is changing at the rate of 18 units per month and the production level is 60 units? Costs are increasing at the rate of $ per month at this production level. (Round to needed.) increasing decreasing
- If he wants the average cost of production to be $1, how many lures would he e) have to produce in one month? e)_ If he wants to make a profit of at least $4000 per month, what is the f) minimum number of lures he would have to produce if he sells every lure he produces for $4? f)_Assume that it costs a company approximately C(x) = 400,000 + 140x + 0.003x? dollars to manufacture x smartphones in an hour. (a) Find the marginal cost function. 400,000 – 0.000009 Use it to estimate how fast the cost is increasing when x = 10,000. 2$ per smartphone Compare this with the exact cost of producing the 10,001st smartphone. The cost is increasing at a rate of $ per smartphone. The exact cost of producing the 10,001st smartphone is $ Thus, there is a difference of $ (b) Find the average cost function C and the average cost to produce the first 10,000 smartphones. C(x) = C(10,000) = $ (c) Using your answers to parts (a) and (b), determine whether the average cost is rising or falling at a production level of 10,000 smartphones. -Select--- at a production level of 10,000 smartphones. The marginal cost from (a) is --Select--- than the average cost from (b). This means that the average cost isAssume that it costs a company approximately C(x) = 400,000 + 180x + 0.001x² dollars to manufacture x smartphones in an hour. (a) Find the marginal cost function. Use it to estimate how fast the cost is increasing when x = 10,000. $ per smartphone Compare this with the exact cost of producing the 10,001st smartphone. The cost is increasing at a rate of $ per smartphone. The exact cost of producing the 10,001st smartphone is $ Thus, there is a difference of $ (b) Find the average cost function C and the average cost to produce the first 10,000 smartphones. C(x) C(10,000) $ (c) Using your answers to parts (a) and (b), determine whether the average cost is rising or falling at a production level of 10,000 smartphones. The marginal cost from (a) is ---Select--- O than the average cost from (b). This means that the average cost is ---Select--- O at a production level of 10,000 smartphones.