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Specific Subject: Microeconomics - Cost Functions Complete the following attached table, assuming that P = 100

Available: Oct 24, 2021 6:00pm until Oct 26, 2021 7:30am v Details Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. Quantity of Output Total Cost $12 1 $14 $18 $24 4. $32 $42 6. $54 $68 The table above shows the total cost function for a typical firm producing hats in a perfectly competitive market. The market price for hats is $9 per hat. (a) Calculate the average variable cost of the fifth unit. Show your work. (b) What is the fırm's profit-maximizing quantity of hats? Explain using marginal analysis. (c) Draw a correctly labeled graph showing the firm's demand and marginal cost curves, and show the profit-maximizing quantity of hats determined in part (b). Include correctly labeled diagrams, if useful or required, in explaining your answers. A…

Question 9 Which of the following relationship is correct? When marginal cost (MC) starts to increase; average variable cost (AVC) starts to decrease When marginal product (MP)starts to decrease, marginal cost (MC) starts to increase When marginal product (MP) starts to decrease, marginal cost (MC) starts to decrease O When marginal product (MP) starts to increase; marginal cost (MC) starts to increase

image 1 : the following average-total-cost schedule: Quantity Average Total Cost (Number of players) (Dollars) 600 300 601 301   Your current level of production is 600 devices, all of which have been sold. Someone calls, desperate to buy one of your music players. The caller offers you $550 for it. You ( should , or should not ) ?    accept the offer.    image 2 :  Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 280 0 1 320 40 2 350 70 3 380 100 4 420 140 5 470 190 6 530 250   The pizzeria's fixed cost is ?    .

Table showing Total Cost and Quantity of Output Quantity of Total Average Total Marginal Cost Output Cost Cost $100 1 $120 2 $135 3 $145 4 $160 5 $180 6 $205 7 $240 8 $285 $350 |10 $440

2. You are the manager of production at a firm that sells high performance road bikes. Your firm has the following average-total-cost schedule: Quantity 548 Bikes 549 Bikes Average Cost $245 $246 Your current level of production is 548 bikes, all of which have been sold. Someone calls desperate to buy a bike for a local race. The caller offers $800 for the bike. Should you accept the offer? Why or why not? Show your calculations for full credit.

The President of ACME wants to know why he shouldn't produce at the point when average costs are the lowest. Explain to him why this is not the best production level.

Multiple choice - microeconomics 45) Refer to Figure 13-2. What does the changing slope of the total-cost curve reflect?  A. decreasing marginal cost  B. decreasing marginal product  C. decreasing average variable cost  D. decreasing average total cost 44) What distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm?  A. In the short run the size of the factory is fixed  B. In the short run there are no fixed costs  C. In the short run the number of workers used to produce the firm’s product is fixed.  D. In the short run output is not variable.

3 Explain how economies of scale can be a barrier to entry.   Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos t.t.

Question #1  only

Back to Assignment Attempts 4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs: Quantity (Houses Painted per Month) 1 2 3 5 6 Keep the Highest / 2 The efficient scale is Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost (Dollars) (Dollars) (Dollars) houses. (Dollars) 10 20 80 160 320 640 THEEEE 1111111

My Akron Experience - The UniveX DEL Homework (Ch 14): Do Your Hon x со ouTube y ? CENGAGE MINDTAP Gmail Netflix Homework (Ch 14) PRICE (Dollars per extra-large truck) Esc ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-598281185943573732951246318&elSBN=9780357133606&id=16964735218sm Solitaire - Online &... a Hello, Kristin Accou... 500 450 400 350 Demand 300 62"F Mostly cloudy 250 200 150. 100 50 F1 0 0 1 Ø Arcade Spot Solitaire - Online &... 2 8 3 4 5 6 7 QUANTITY (Hundreds of extra-large trucks) F2 Supply Suppose that Zoomba is one of over a dozen competitive firms in the Eugene area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curyes, the price Zoomba must take as given is F3 F4 30+ MindTap-Cengage Learning X CSuppose that Sendit is one of ove X 9 10 F5 ‒‒ - Microsoft Solitaire... Grammarly O Search + r 0 Chicken Taco

Use the graphical illustration to answer the following questions: (if required, use the discreet number of barrels)   1. At what production level would the marginal cost exceed the average cost? 2. How many barrels of natural-organic oil reflect the lowest minimum average variable cost?3. How much is the fixed cost to produce the natural-organic oil?

Draw a graph showing the fixed cost, variable cost, average total cost, marginal cost curves, and explain the graph. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

What are the fixed and variable cost?

1. Consider the following information about a business Rodriguez opened last year: price = $5; quantity sold = 15,233; implicit cost = $18,000; explicit cost = $33,000. What was Rodriguez's accounting profit and economic profit? Show your work. 2. What are fixed costs? What are variable costs? 3 Complete the following table

PRINT YOUR NAME (LAST) (FIRST) Aggregate Cost Data Unit Cost Data Average Average Average I Fixed Variable Total Cost TC Marginal Quantity Fixed Variable Total Change in I Cost of Output (FC) (VC) Cost ATC Cost Cost Total Cost (TC) (ATC) Plot MC at Output Cost Cost IFC VC $600 $ 0 $ 600 I XX XX XX XX $3.00 $300 50 100 600 300 900 I $6.00 $3.00 $9.00 100 1.00 150 200 600 400 | 3.00 2.00 5.00 50 .50 - 250 300 1050 I 2.00 1.50 1.00 350 400 1150 I 1.50 1.38 2.88 200 2.00 - 450 500 600 750 1350 I 1.20 1.50 550 600 600 1200 1800 3.00 10.00 - 650 700 2200 2800 I.85 3.15 PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS 5-8 ARE ON PAGE 136. 1. How is marginal cost (ATC/AQ) represented in your graph on page 134? 2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a minimum at an output level of, units. 3. On your graph on page 135 Total Cost per unit (TC/Q or average…

J 4 Refer to the table below which shows the total cost of producing various output levels in the long run. If this firm produces more than______units, it will experience diseconomies of scale. Do not include any commas or spaces.

Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table. Number of Photocopies Per Month Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $100         1,000 $110         2,000 $125         3,000 $145         4,000 $175         5,000 $215         6,000 $285         a. Fill in the missing numbers in the table, assuming that Margie can charge 6 cents per black-and-white copy. Margie's fixed cost is: $       Variable cost, 0 photocopies/month: $     Variable cost, 1,000 photocopies/month: $     Variable cost, 2,000 photocopies/month: $     Variable cost, 3,000 photocopies/month: $     Variable cost, 4,000 photocopies/month: $…

QUESTION 1 Khaled has developed a new technology device that is so exciting he is considering quitting his job in order to produce and market it on a large-scale basis. Khaled will rent a small factory for 2,000dhs per month for production purposes. Utilities will cost 500dhs per month. Khaled has already taken an industrial design course at Dubai Men's College to help prepare for this venture. The course cost 800dhs. Khaled will rent production equipment at a monthly cost of 4,000dhs. He estimates the material cost per unit will be 20dhs, and the labor cost will be 10dhs per unit. He will hire workers and spend his time promoting the product. To do this he will quit his job which pays 20,000dhs per month. Advertising and promotion will cost 3,500dhs per month. Required: 1- 2- Calculate the total Fixed cost= 3- Calculate the total variable cost per unit= 4- If the machine max production capacity is 1000 units per month, what is the selling price he should set to break even monthly?=

Illustrate using the grapgh

Please do fast don't use ai to answer