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![### Question 34
**Problem Statement:** If firm X produces 20 units of product with a total cost of 100, what is its average cost?
**Options:**
a) 2nd
B) 120
NS) 80
D) 5
TO) one
**Explanation:** No graphs or diagrams are present in this image. The problem here is to find the average cost, which can be calculated using the formula:
\[ \text{Average Cost} = \frac{\text{Total Cost}}{\text{Total Units Produced}} \]
Using the given data:
\[ \text{Average Cost} = \frac{100}{20} = 5 \]
Thus, the correct answer is:
D) 5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55d52e12-5d83-4118-bfcc-903cc074d889%2F017457b9-b147-4c0f-b80c-a4327901e01b%2Fjhtl5f_processed.jpeg&w=3840&q=75)
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- Use the information in the graph to the right to find the values for the following at an output level of 35. The marginal cost is $ The total cost is $ The variable cost is $ The fixed cost is $ (Enter a numeric response using an integer.) C Cost 100- 54 38 17 0- 0 35 Quantity of output MC ATC AVC NSuppose a firm’s cost function is C(q) = 4q2 + 16, where C(q) is the total cost, and q is the levelof output.(a) Find variable cost, fixed cost, average cost, average variable cost, and average fixed cost.(b) Show the average cost, marginal cost, and average variable cost curves on a graph.Use the information in the graph to the right to find the values for the following at an output level of 65 The marginal cost is $55 (Enter a numeric response using an integer.) The total cost is $2925 The variable cost is $2405 The fixed cost is $520 XX Cost 100- 55 45. 37 0 65 Quantity of output MC ATC AVC
- 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?Use the accompanying graph to answer the following questions. Assume the company makes 30,000 parts per month of Product A and 17,500 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? has the higher variable cost. This value is $/part. (Type an integer or a decimal. Round your answer to two decimal places.) More Info Total Cost or Revenue [$] Milions $6- $5- $4- $3- FA $0- O. 0 10 - Product A Total Cost - Product B Total Cost Product A Revenue Product B Revenue G1 A 20 30 G T 40 Time (t) [months] Print 50 Done 60 N ... 70 80 Ⓡ o XConsider an airline’s decision about whether to cancel a particular flight that hasn’t sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Number of Passengers Total Cost (Dollars per flight) 0 35,000 10 55,000 20 65,000 30 67,000 40 68,000 50 68,500 60 69,000 70 70,000 80 70,500 90 70,800 100 70,900 Given the information presented in the previous table, the fixed cost to operate this flight is ___. . At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 800 0 600 20 450 80 150 100 Complete the following table by computing total…
- 1. The cost of producing 5 gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000 5 gallon water bottles are produced find the: (a) total cost (b) average cost (c) marginal cost (d) marginal average cost(a) Find the marginal cost function C'(x). C'(x) Use it to estimate how fast the cost is increasing when x = 60,000. | per game system Compare this with the exact cost of producing the 60,001st game system. The cost is increasing at the rate of $ | game system is $| the estimated cost of producing the 60,001st game system found using the marginal cost function. | per game system. The exact cost of producing the 60,001st J. The actual cost of producing the 60,001st game system is --Select-- (b) Find the average cost function C(x) and the average cost to produce the first 60,000 game systems. (Round your answer to the nearest cent.) C(x) C(60,000) - $ (c) Using your answers to parts (a) and (b), determine whether the average cost is rising or falling at a production level of 60,000 game systems.Consider an airline's decision about whether to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Total Cost Number of Passengers (Dollars per flight) 40,000 10 60,000 20 65,000 30 68,000 40 70,000 50 71,000 60 72,500 70 73,500 80 74,000 90 74,300 100 74,500 Given the information presented in the previous table, the fixed cost to operate this flight is s At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 1,000 700 30 400 90 200 100
- QUESTION 10 Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that when 5 units of output are produced, the total cost is 175 dirhams, and the average variable cost is 30 dirhams. What would the average fixed cost be if 10 units were produced?Consider an airline's decision about whether to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Total Cost Number of Passengers (Dollars per flight) 25,000 10 35,000 20 40,000 30 43,000 40 45,000 50 46,000 60 47,000 70 47,700 80 48,000 90 48,200 100 48,100 Given the information presented in the previous table, the fixed cost to operate this flight is $ At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price Quantity Demanded (Dollars per ticket) (Tickets per flight) 700 550 40 200 60 100 100 Complete the following table by computing total revenue, total cost, variable cost, and profit for each of the prices listed. (Hint: Be sure to…Output Average Cost( at that output level) Marginal Cost of that Car 9,999 $ 12,000 10,000 $ 14,000 $ 11,500 19,999 ? $ 12,500 20,000 ? $ 12,600 Will the Average Cost of 20,000 cars be greater than the Average Cost of 19,999 cars, less than the Average Cost of 19,999 cars, or can you not tell with the information given? ( Hint: it might help to draw a graph of AC and MC, and see if you can place units 19,999 and 20,000 on that graph). O Greater Than Less Than O Can't Tell with the information given
