39. What do you call that COST which is nat usually thought of at a coST? A. Explicit Cost B. Imputed Cost C. A and B are carrect D. None of the above

Q: otal cost is equal to average cost times marginal cost. a. True O b. False

A: Answer - True Total cost is equal to average cost times marginal cost.   Explanation Total cost is…

Q: Use the following table to answer the questions that follow. Total Output    Cost      TFC…

A: Total​ output Costs TFC TVC AFC AVC ATC MC 0 20 20 0 - - - - 10…

Q: 1. Show and explain the relationship between total cost, marginal cost and average variable cost

A:

Q: Asap   Total cost can be divided into two types. What are those two types? Select one: a. fixed…

A: Costs refers to the all type of expenses that incur in the process of production of goods and…

Q: Total cost divided by quantity of outout is Select one: a average variable cost b. average total…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Average total cost, average variable cost marginal cost and marginal product b. The relationship…

A: Average Total Cost or Average Cost is the total cost (TC) divided by the number of units produced…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: a) Completing the Table:To complete the table, we need to calculate the Marginal Cost (MC) and…

Q: Consider now a Bertrand competition environment with one good and two firms, Firm 1 and Firm 2. The…

A: The answer given below Explanation:Let's dissect the issue and work through it one step at a…

Q: The cost of any activity measured in terms of the vaule of the next best alternative forgone is…

A: When someone chooses any activity and leaves other, the value in terms of cost of the best option…

Q: It is common for people trying to lose weight to notice that the first 10 pounds are much easier to…

A: Marginal cost is the change in total cost, per unit change in output.

Q: If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is…

A:

Q: marginal cost

A: The marginal cost depicts the additional cost of an extra unit of output produced. As, the level of…

Q: AA newconnect.mheducation.com McGraw-Hill Connect tals: Homework i Saved The table below describes…

A: The total cost is the amount incurred in the production of good or service whereas the marginal cost…

Q: Why is the average cost curve U-shaped?

A: The total cost curve shows the cost associated with every possible level of output, thus if we…

Q: he table below shows Crystal’s total cost of producing different quantities of tie-dyed t-shirts for…

A: The marginal cost is the cost of producing one additional unit of a good. In this case, it is the…

Q: Paragraph uestion 2. ATC MC 7

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Average Cost falls when a. Marginal cost is greater than average cost b. Marginal cost is equal to…

A: Marginal cost and average cost are derived from the Total cost there is a relationship between the…

Q: Which of the following is true of the relationship between Average Cost and Marginal Cost Select…

A: Average Cost refers to the per-unit cost of production, it means both fixed and variable costs are…

Q: Refer to Figure: The vertical distance ABis Select one: A. total cost. B. marginal cost. C. total…

A: Curve 1 is the Marginal Cost(MC) Curve Curve 2 is the Average Variable Cost(AVC) Curve Curve 3 is…

Q: Axel's business has grown to the point where he had to hire a payroll department and HR department…

A: Diseconomies of scale is when the firm is experiencing the increasing average cost when output…

Q: bath the marginal cost and the average variable cost curves are U-shaped, at the minimum point of…

A: Average total cost is the sum of average Fixed cost and average variable cost. It is referred as…

Q: if marginal cost is rising with increasing output, averags cost must also be rising. true or false ?…

A: False. This sentence contains the statement that average cost of production must also rise if…

Q: I am trying to figure out how to do the marginal cost and how to get the total cost answers w what…

A: As per the guidelines, we only answer one question at a time. So, I am answering the first one.…

Q: marginal revenue 1. Questions and Problems 6 average variable cost Average total cost is equal to…

A: The total average cost is defined as the aggregate of all costs of production at a given level of…

Q: Vipsana's Gyros House sells gyros. She incurs a fixed cost of $120 per day. Vipsana pays $60 per day…

A: Fixed cost is the cost that remains same at all the level of output. Variable cost is the cost that…

Q: Total cost is equal to average cost times marginal cost. a. True O b. False

A: # Total cost is referred to be as the sum of total fixed costs and the total variable costs which…

Q: 5. Draw the following cost behavior situations. Show Total costs on the Y-axis and the cost driver…

A: Since you have asked a question with multiple subparts, we answer the first three subparts for you.…

Q: You work at Cooper's Millworks, which makes tables, chairs, doors, etc. Here is a partial table…

A: The marginal cost is the change in total cost by change in output (tables made daily). The marginal…

Q: Mr  Han  Cook  says  that marginal  cost  is  just  a  funny  name  for  average  total  cost. What…

A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce…

Q: For each term, explain the definition or calculation, and explain this concept to someone who is…

A: Cost of production is the total cost that a firm or a business incurs for the production of goods…

Q: Solve the attahment.

A: There are different concepts of costs in the production process such as total cost, marginal cost,…

Q: Which of the following must be falling when the short run marginal cost is less than it, and rising…

A: Total Cost is the sum of the Total Variable Cost and Total Fixed cost of any firm. Total Fixed is…

Q: ontinue with the table and complete the calculation for Marginal Cost: Bags/ Participants Fixed…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

Q: I need assisstance with A,B, and C pleas

A: Fixed cost remains the same throuhgtout output and is 100 at output of zero ATC = TC / output AVC =…

Q: K Matt's candle factory rents equipment for making candles and hires students Matt pays $140 a day…

A: Total cost is the sum of fixed cost and variable cost.  Variable costs are the cost that changes…

Q: Calculate average cost when total cost Is 100 and total quantity is 8

A: Total cost is defined as the sum of all the expenses being faced by the producer in the production…

Q: Suppose, Home Style is a well-known furniture manufacturer in the Sultanate. To meet the increasing…

A: The key motive of the firms operating in a market is to earn profits from the sale of goods and…

Q: . Why is the Average Total Cost curve U shaped?

A: Average Total cost in economics is the cost that indicates how firms choose to price their…

Q: d. What is the average variable cost of cleaning seven classrooms? e. What is the marginal cost of…

A: Total cost = Total fixed cost + Total variable cost Total fixed cost is those cost which are not…

Q: 51. Which cost increases continuously with the increase in production?

A: To find : Which cost increases continuously with the increase in production.