Q: Costs, P P₁ = $20 ATC, = $15 Find Q where MR = MC Q₁ = 7 MC -MR₁ ATC Q
A: A profit-maximizing firm produces at the intersection point of MR and MC in order to maximize…
Q: se give detail answer I will definitely upvote
A: In GDP calculation, only the services given by other with monetary terms will be included in GDP.…
Q: A fast food restaurant can produce a hamburger for $1.15. If the restaurant's daily sales are…
A: Given that, The increasing rate of Hamburgers = 30/day Cost of one Hamburgers = $1.15 The daily cost…
Q: Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?
A:
Q: Assume a learning curve following the power law. If you double the initial cost c(1) of aproduct,…
A: Learning curve: - it is a graphical representation of cost and output over a time period; it shows…
Q: Q.1 In order to maximize profit, how many units of water will Susan produce? [Answer in Numerics…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A firm is thinking about consolidating its mobile battery assembly in one location. The leading…
A:
Q: During short period, diminishing returns may follow because
A: To find : What results in following diminishing results.
Q: The difference between variable cost and fxed cost is that Select one: a. fixed cost is paid even…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 5. M&S company is wishing to determine the EOQ for their company. M runs a men's clothing line.…
A: The order size that minimises the total of ordering and holding costs for raw goods or merchandise…
Q: The vertical distance between ATC and AVC measures: a. marginal cost. b. total fixed cost. c.…
A: Total cost of a firm includes Total variable cost and total fixed cost. In the short run fixed cost…
Q: Past costs not relevant to decisions because they cannot be changed no matter what actions are…
A: In a market, a firm faces different types of costs when making an investment and production…
Q: Which budget expense and financial activity are correctly matched? O Fixed expense: $800 monthly…
A: A Cost is defined as an expenditure which is required to produce or sell a good. There are different…
Q: Assume you are an engineer working for a chemical production company. You are on the technical team…
A: A production company, house, studio, or team is a corporation that provides the physical…
Q: Shopify, a well known Canadian firm is currently maximizing profit. If that is the case, Shopify…
A: Given: Canadian firm is maximizing profit.
Q: Marc is paid on a graduated commission scale. For the first $10,000 of sales his commission is…
A: There are various schemes being offered by various organisations in order to increase the sale…
Q: Jim resigns from his job. from which he was earning $40.000 per year, and then uses his own savings…
A: Given information, Foregone income: $40,000 Revenue: $120,000 Explicit cost: $60,000 To find:…
Q: Your company has invested $5 million in developing a new product, but the development process isn’t…
A:
Q: mine if the The ATC is rising when the MC is below the ATC. ATC= True FC + VC Q Answer Bank All…
A: Cost, in like manner use, the financial worth of labor and products that makers and shoppers buy. In…
Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…
A: Given that Production function: q = F(K, L) Wage for a labor, w = $500, Cost for one capital, v =…
Q: Organizers of an Internet training session will charge participants $200 to attend. It costs $3000…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Marginal cost is a. Any cost occurring after “time now” b. The ratio of total cost to total quantity…
A: Marginal cost explains the additional cost to the firm for producing one more additional good. In…
Q: Big Show drive-in has fixed costs of $ 6,916 per month and variable costs are $ 2.15 per ticket, if…
A: Fixed cost is independent of output produced.
Q: measuring total benefit measuring total costs measuring companies that are weak or marginal…
A: Marginal analysis aims to measure the net gain in additional benefit when one more unit of output is…
Q: Please please answer all four subparts with explanation. I will really really upvote. Thanks
A:
Q: Quilts alters, reconstructs and restores heirloom quilts. Cassie has just spent $800 purchasing,…
A: The marginal cost represents the change in the total cost of production that results in one new unit…
Q: Average fixed cost Multiple Choice may be found by adding average variable cost and average total…
A: Average fixed cost:- Average fixed cost is fixed cost of production per unit of output.…
Q: Total Revenue Total Cost $25 $49 $69 $91 $117 $147 $180 Output $0 $30 $60 $90 $120 $150 $180 In the…
A: The firms, or businesses get involved in the production process, where they tend to produce goods,…
Q: You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The…
A: Number of racing bikes sold per week when the price is $689.99= 15 During the sale, when the price…
Q: pocket. If your bill is more than $10 you need to use your credit card to pay. If you use your…
A: Margin cost is the additional cost incurred due to increase in consumption by one unit MCn = TC n -…
Q: marginal factor cost is the extra cost of producing one more unit of output. True False
A: The marginal factor cost is the extra cost of engaging extra unit of input or factor.
Q: Julius builds dining chairs that he sells for $200 a chair. His fixed costs are $1,000 (for workshop…
A: Given:P = $200, FC=$1000, VC= $50 + $25.Total cost = FC+ VC*q + 25 (q-1) = 1000 + 50q + 25q- 25TC=…
Q: If the Total revenue is 115 and the total cost is 108 find the amount of the total profit ??
A: According to the given question In Simple words we can say that total profit is that profit of which…
Q: Cost of Homework. These distinctions between economic and accounting costs apply also to the…
A: The economics as a study is associated with the use of decision making, and choice making, as the…
Q: Total Revenue function = 164x Total Cost function = 0,01x2+20x+300 x shows unit of production.…
A: Given the values: TR = 164x TC = 0.01x2+20x+300
Q: True or false: a change in fixed costs will change marginal cost. a.True b.False
A: cost of production refers to the monetary value incurred in the process of production and cost is…
Q: Cost savings may be ________________ such as lower prices paid, or ______________ such as increased…
A: There are 6 types of cost cost savings : Historic saving Budget savings Technical savings RFP…
Q: Thomas, a highly successful manager, quit his job in a large retail store so that he could start his…
A: The key motive that drives the firms in a market is profit. Profit is calculated by subtracting…
Q: True or False The average total cost cannot equal marginal cost.
A: Average total cost It refers to the total cost per unit of production. ATC = TC/Q where ATC is…
Q: Billco had a total cost of $10,000 when it sold 200 units. It had a total cost of $14,000 when it…
A: Total cost is the sum of Fixed cost and variable cost. Fixed cost is the cost that remains same at…
Q: A firm earns normal profit Selected Answer: c. when explicit costs equal implicit costs. Answers: a.…
A:
Q: The difference between variable cost and fixed cost is that Select one: a. fixed cost is paid even…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A person who keeps projects on-time and within-budget is called the _____________.
A: A project refers to a series of tasks, or steps which have to completed in order to reach an…
Q: State the law if Diminishing Returns
A: A consumer's increased enjoyment from having one more unit of an item or service is referred to as…
Q: Which of the following is included in money cost ? (a) Normal Profit
A: The expenses that a firm incurrs in order to produce a commodity is known as money cost or nominal…
from the given data
Q = 100, P=$12,
find Average fixed cost and Total Profit
thanks
Step by step
Solved in 2 steps with 2 images
- Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $140 for a comforter. Misu wants a 50% markup on cost instead of on selling price. What is Misu's cost?Average cost is $100 and the output is 70 units Calculate total costPlease add the total cost to produce the assembly
- Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000. (Type a whole number.) k my instructor…Calculate total revenue given:- Profit = $500 Total cost = $1100Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per week, and $62.50 when production is 160 units per week. What are the total fixed costs per week?