a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost.Instructions: Round your responses to the nearest whole number.Rate ofOutputTotal Cost Marginal CostAverage AverageFixed Cost Variable CostAverage TotalCost0$151182253434685100b. At what output rate is average total cost minimized?units

a. we will calculate the values in the table: Output TC ($) TFC ($) TVC ($) MC ($) AFC ($) AVC ($)…

Answered: a. Complete the following cost schedule…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 1 When diseconomies of scale occur: CA. the long-run average total cost O B. marginal cost intersects average OC the long-run average total cost O D. average fixed costs curve falls total cost curve rises will rise
mework 6 i 1 Saved nics Game Obituary Project Help Save & Exit Submit a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost. Instructions: Round your responses to the nearest whole number. Rate of nts Total Cost Output Marginal Cost Average Average Average Fixed Cost Variable Cost Total Cost 0 $600 Print 1 800 2 1,050 3 1,400 4 5 1,800 2,300 Mc Graw Hill b. Use the cost data to plot the average total cost (ATC) and marginal cost (MC) curves on a graph. Instructions: Use the tools provided 'ATC' and 'MC' to draw each curve point by point (plot 5 points total for each curve). Round your points for ATC up to the nearest $25. Q Search Prev 1 of 4 Next > 3/
2. Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Locations A B C D Fixed Cost 60,000 80,000 100,000 130,000 Variable Costs/units 30 20 15 10 a. i. Write an equation to represent the total costs for each location.ii. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis. iii. Over what range of output is location A the most preferred location?iv. Over what range of output is location B the most preferred location?v. Over what range of output is location C the most preferred location?
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From the table below:-Calculate (1) total cost, - Draw total cost curv Total Cost Total Variable Cost Fixed Cost Output TC TVC TFC Q 0 OR 60 0 65 60 1 84 60 2 96 60 3 116 60 4 140 60 5 180 60 6 224 60 7 280 60 8
Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
The Santa Clara County increases the property taxes for all fast food restaurants. Which cost curves will be affected as a result of this policy? 1. average total cost and average fixed cost. 2. average variable cost and average total cost. 3. average variable cost and marginal cost. 4. average variable cost and average fixed cost.
Marginal cost, average total cost and average variable cost Marginal cost and average total cost are always equal. Do you agree? Explain. If you disagree then write under what situation they are equal. b. Marginal cost and average variable cost are always equal. Do you agree? Explain. If you disagree then write under what situation they are equal.
Average total cost, average variable cost marginal cost and marginal product a. Why is the gap or difference between average total cost and average variable cost larger at initial level of production ction and then the gap is decreasing as output increases? Explain.
QUESTION 4 1. Use the table below to Calculate the Specified Values and answer questions: Quantity of meals Total Variable Cost 0 0 10 200 20 300 30 480 40 700 50 1,000 Assume there is a $100 Fixed cost for Kitchen Appliances At what Quantity is Average Total Cost lowest? OA. 10 B. 20 C. 40 OD. 30 W
30. If the total variable cost is 50 and the total cost is 200, then we know that the total fixed cost is _____. a. 1000 b. 150 c. 250 d. 4

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