A firm's cost curves are given in the following table. TC 0 45 73 2 97 3 113 4 123 5 142 6 172 7 204 8 244 44444444444 TFC TVC AVC ATC MC 45 0 45 28 28.00 73.00 28 45 52 26.00 48.50 24 45 68 22.67 37.67 16 45 78 19.50 30.75 10 45 97 19.40 28.40 19 45 127 21.17 28.67 30 45 159 22.71 29.14 45 199 24.88 30.50 32 40 9 292 45 247 27.44 32.44 48 10 348 45 303 30.30 34.80 56 Given the data above, describe the shapes of the ATC, AVC, and MC curves. The AVC curve will be and the ATC curve will be The ATC curve will be located the AVC curve. The MC curve will intersect

10:29 A bartleby.com ce ago A company manufactures small refrigerators. The total cost to manufacture 141 refrigerators is $9135. The total costs to manufacture 172 refrigerators is $10995. Assume that total cost, C, is linearly related to the number of refrigerators, x, the company manufactures and includes a fixed cost and a cost per refrigerator. A) Write the cost function, C(x) in terms of x, the number of refrigerators manufactured. Preview B) The total cost to manufacture 106 refrigerators is $ C) The fixed costs are $ D) The cost to produce each additional refrigerator is $

Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980

In 1997 Fuller and coworkers at Texas A&M University estimated the operating costs of cotton gin plants of various sizes. The operating costs of the next to the smallest plant is shown in the following tall 2000 4000 6000 8000 10000 12000 163,200 230,480 301,500 376,160 454,400 536,400 Here is the annual number of bales produced, and y is the dollar total cost. (Use 4 decimal places in your answer) A Determine the best fitting line using least squares. Also determine the square of the correlation coefficient. The best fitting line is C(x)- 37.3203x+82448.0000 The square of the correlation coefficient is ²-0.998719249 B. The study noted that revenue was $63.25 per bale. At what level of production will this plant break even? The revenue equation is R(x)- 63.25x The profit equation is P(x)- 25.9297x-82448 The production will break even when 3179.6725 bales are produced. C. What are the profits or losses when production is 3000 bales? 4000 bales? (Round to the nearest cent.) When 3000…

The figure to the right illustrates the long-run average cost curve for a company that makes motors. Suppose the company produces & thousand moters per month. Is it experiencing economies of scale, diseconomies of scale, or constant returns to scale? If the company produces 4 theusand motors, then it experiences Average total cont 45.00 44.00 40 00 36.00 32.00 28.00 24.00 20.00 16.00 12:00 5.00 4.00 0.00 Long-nun average cost 4610 12 14 16 18 20 Quantity (motors per month in 1,000)

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The accompanying table shows the total daily output for a firm producing specialty cakes and operating with a fixed amount of capital. The cost of labour is $200 per unit per day and the fixed cost of the capital is $1500 per day. Click the icon to view the table. 24 28 8 12 16 20 Complete the last four columns of the table. Units of Labour Total Output (per day) (per day) 4 200 24 2450 28 2510 500 1200 1950 2330 2450 $ 1500 2510 $ 4800 $ 1500 $ 5600 TFC TVC $6300 $ 7100 TC MC $ 2.67 $ 1.14 $ 1.07 $ 2.11 $6.67 $ 13.33 AFC $7.5 $3 $ 1.25 $ 0.77 $ 0.64 $ 0.61 AVC $4 $3.2 $2 $ 1.64 $ 1.72 $ 1.96 ATC $ 11.5 $6.2 $ 3.25 $ 2.41 $ 2.36 $ 2.57 $ 2.23 $0.6 (Round your responses to the nearest cent.) b. Assuming that labour is only hired in increments of 4 units, what is this firm's capacity level of output? per day $ 2.83

Optimization Techniquessolve this, discuss the solution and answer

Complete the cost table to make it consistent with the given numbers. 0 TC TFC TVC ATC AFC AVC MC 0 20 1 1 2 3 4 3 4 12 5 75 6 7 8 16 24.85 86 9 360 10 540 Plot the total cost functions for the range of output 0-10 on one diagram, and the average and marginal cost functions on another diagram.

Output TFC TVC TC MC АТС А 25 25 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 4 25 110 33.75 F 5 25 160 50 What is the average total cost at point F? 37 47 35 Cannot be determined.