A company is planning to manufacture mountain bikes. Fixed monthly cost will be $100,000 and it will cost $100 to produce each bicycle. a. Write the cost function, C, of producing x mountain bikes. b. Write the average cost function, C, of producing x mountain bikes. c. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike?

Q: Output(units per day) 10 20 30 Total costs($ per day) 40 54 62 80 Find the average total cost at the…

A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…

Q: Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is…

A: Marginal cost measures the change in total cost due to a change in quantity produced. Marginal cost…

Q: What is the relationship between the firm,total revenue,total profit and total cos

A: Costs are the expenses that the firms have to incur in their production activities. Revenue is the…

Q: Calculate average cost when total cost is 300 and quantity is 15

A: # The average of the total cost which we spend on a single good is given by the average cost.…

Q: Calculate the value of average cost when the value of total cost is $100 and the no of units are 10

A: The average cost (AC) refers to the total cost per unit of output produced. The formula for AC is as…

Q: When marginal cost is greater than average variable cost, average variable cost i v (Click for List)…

A: Marginal cost is defined as the extra coat a firm incurs by employing an extra unit of input.

Q: Economic cost and accountant cost are not equal. Why aren’t they equal? Explain with example

A: Maintaining a business demands that you keep a heartbeat on the monetary components that influence…

Q: Fill in the missing values for total fixed cost, total variable cost, and total cost in the table…

A: Here, the given table provides information about total fixed cost, total variable cost and total…

Q: What is the total revenue when output is 1, total cost is 35, marginal cost is 10, fixed cost is 25,…

A: Rеvеnuе rеfеrs to thе total incomе gеnеratеd by a businеss or an individual through thе salе of…

Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…

A: Fixed cost of production  = $10000 Variable costs  of production = $100 Number of units produced = 5

Q: What is the wholesale cost of an item, if the retail cost is $37 and the amount of markup is $7? Use…

A: Retail is the sale of goods to final consumers and the units sold is individual unit of good.…

Q: Define a variable cost and a fixed cost. What causes changes in these costs? Give two examples of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Find average cost if average variable cost is $23 and average fixed cost is $12

A: The cost of creating a firm's output is determined by the amount of labour and capital it employs.…

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: Find average cost if average variable cost is $22 and average fixed cost is $20

A: The data presented in the question above is:- Average variable cost = $22 Average fixed cost = $20…

Q: If average fixed cost is $30  Calculate total fixed cost if output is 30 units

A: According to the above question, the values given are:- Average fixed cost = $30 Output = 30 units…

Q: Use the information in the graph level of 500. a. Total fixed cost b. Total variable cost c. Total…

A: Total fixed costs refers to the total expenditure which remains fixed at all levels of output. It…

Q: If marginal cost exceeds average variable cost, average variable cost is decreasing average variable…

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

Q: The value of average cost is $80, the value of average variable cost is $49 Calculate the value of…

A: We know that the total cost is given as:- TC = TFC + TVC Dividing both sides with output:- AC = AFC…

Q: A hotel that produces 100 pizzas has a variable cost of OMR 50 and a fixed cost of OMR 200.…

A: The firm's costs and revenues are the important components that help the firm set its target and…

Q: Calculate average cost when total cost is $100,000 and output is 74 units

A: We are given that:- Total cost incurred by the firm = $100,000  Total output = 74 units

Q: If average cost is $30 and the total cost is $900 What output must the firm have produced

A: Total Cost(TC) is the total amount incurred by the firm in production of given quantity. Average…

Q: What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17?…

A: The wholesale cost of an item can be defined as the cost that is charged to those to whom the goods…

Q: Define Fixed Cost and provide an example.

A: A company's fixed expenses are critical. Profit forecasting and calculating the break-even point are…

Q: Accounting profit is $1500 and the explicit cost is $450 Calculate the value of total revenue

A: please find below the calculation.

Q: What is total fixed cost when output is 2, fixed cost is 25, and average cost is 30

A: Fixed cost are such cost that do not vary with the level of output i.e it remains constant at every…

Q: What will be the value of profit if total revenue is $980 and total cost is $461 ??

A: Profit is exactly known to be as the amount of the revenue which is left after all the costs which…

Q: If total revenue is $300 and output is 10 units Find average revenue

A: According to the above mentioned question, we have:- Total revenue = $300 Output = 10 units  Average…

Q: The rental of property is considered as a. increment cost b. fixed cost c. variable cost d.…

A: Costs refer to the amount that is incurred for using the factors of production to produce goods.…

Q: Calculate the total cost if average total cost is $35 and the unit of output is 22 units

A: The Given information is as follows:- Average total cost of the firm = $35 Units of output = 22…

Q: If a firm has total revenue of $30,000 for January and the cost for the month are $26000 Calculate…

A: The information being given is:- Total revenue for January = $30,000 Total cost for January =…

Q: Solve for   A. Variable and fixed cost   B. Estimated increase in cost for additional days…

A: Cost function = FC+MC* Q Whete VC = MC*Q              FC = cost at Q=0

Q: Calculate the value of average cost of AFC is $70 and AVC is $67

A: According to the question, we are given that:- Average fixed cost = AFC = $70 Average variable cost…

Q: As total output increases average fixed cost v (Click for List) constant at a maximum falling rising…

A: Variable costs refers to those costs which depends upon the level of output. These costs increases…

Q: Problem 4. The marginal cost C" for a product as a function of the number of units produced q is…

A: Fixed Cost = 5000MC is depicted in graph below ,

Q: A 500 400 300 200 100 Quantity (units per day) The graph above shows the cost in the short run 1.…

A: "In the short run, production process consists of one fixed input and one variable input of…

Q: Calculate the value of profit when total revenue is $450 and total cost is $320

A: We are given that:- Total revenue = $450  Total cost = $320 We need to calculate the total profit of…

Q: the total cost is constant and the total revenue will increase, Explain

A: If price and total revenue both increaased in the market then the demand for the good is inelastic…