A. Use the SR Cost Table below to compute for the values that corresponds to letters a to e. q 0 1 2 3 4 5 6 7 8 9 10 TFC a. 50 TVC 0 18 38 54 73 94 118 145 175 207 241 TC AVC ATC/AC MC b. C. d. e. B. Based on the SR Cost Table above, draw, in ONE graph, the MC, AVC, and AC. Please label all axes, coordinates, and curves. Use five (5) coordinates per curve

A. Use the SR Cost Table below to compute for the values that corresponds to letters a to e. q 0 1 2 3 4 5 6 7 8 9 10 TFC a. 50 TVC 0 18 38 54 73 94 118 145 175 207 241 TC AVC ATC/AC MC b. C. d. e. B. Based on the SR Cost Table above, draw, in ONE graph, the MC, AVC, and AC. Please label all axes, coordinates, and curves. Use five (5) coordinates per curve

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the information provided in Table below to answer the question that follow. Number of Earrings TVC MC AVC TFC TC AFC ATC 0 100 1 2 3 4 5 270 50 O Select one: 46.67 300 Refer to Table If Sherry produces one pair of earrings, her total variable costs are 95 a. indeterminate from this information. b. $50. c. $100. d. $150.
QUESTION 21. Mr. Jack is in the process of expanding his manufacturing business. He decided to opena plant in the coming year. He has four locations in mind. The costs information forthese locations is in the following table.Locations A B C DFixed Costs 60,000 80,000 100,000 130,000VariableCosts/unit 30 20 15 10a.ii. Draw the total costs lines for each location on the same axes. (Use output rangesof 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis
While reviewing a page of cost details provided by your accountant, you spill coffee on it and make illegible most of the numbers. Use the remaining legible numbers below to recover the full table. Q TC FC vC MC AVC AFC AC - - 1 17 15 3 101 4 14.5 5 122 67 11 6 21 In general, if MC < AC, is AC always increasing or always decreasing or we cannot say in general? Is your answer exhibited in the table above? In general, if MC < AVC, is AVC always increasing or always decreasing or we cannot say in general? Is your answer exhibited in the table above?
Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined
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Suppose that the firm Smith Co sells 400 blouses per month for $80 per blouse. Roberto, the owner of the business and does not take salary from her business yet. Roberto is a textile engineer by trade and could be earning $ 4800 per month working for a similar firm. The monthly costs of production are as follow: materials: $ 8000 labor: $12800 other: $1600 What is are Smith Co's total explicit costs? $ What is are Smith Co's total implicit costs? $ What is Smith Co's accounting profit? $ What is Smith Co's economic profit? $ ID - -> -
• Calculate TC, AC, MC, AVC, AFC, and graphically shows the calculated and given costs. Quantity Fixed Costs S Variable Costs $ 300 1 300 50 300 90 300 120 300 150 300 190 300 240 300 290 8. 300 350 N3 4 56 70
When the first automobiles were built in 1901, they were made by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production. Over the years, the production line has become ever more mechanized, and today robots replace people in many tasks. Search The graph below shows the demand curve for cars in 1901. Suppose the least-possible cost of producing a car is $250 and that the efficient scale is 0.5 cars a day. D Draw the average total cost curve in 1901. Label it ATC₁ 500- 400- Price (dollars per car) 300- Q SON The graph below shows the demand curve for cars in 2020. Suppose the least possible cost of producing a car is $10,000 and that the efficient scale is 200,000 cars a day Draw the average total cost curve in 2020 Label it ATC₂ Price (dollars per car) 50,000 40,000 30,000+ Next Q
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the figure below, $/Q 174 125 118 80 m 59 MC AVC ATC n 48 40 28 u Q₂ Q3 Q4 Q5 O total variable cost at Q₂ units of output is represented by the area absv (i.e., TVC(Q)area absv) and total fixed cost at Q₂ units of output is represented by the area vsQ₂0 (i.e., TFC(Qs) - area vsQ₂0). total variable cost at Q3 units of output is represented by the area ruQ,0 (i.e., TVC(Q)- area ruQ,0) and total fixed cost at Qs units of output is represented by the area zfnk (i.e., TFC(Qs) - area zfnk). O total cost at Q4 units of output is represented by the area adQ40 (.e., TC(Q) - area adQ40) and total fixed cost at Q4 units of output is represented by the area adgi (i.e.. TFC(Q4) - area adgi). O total variable cost at Q₂ units of output is represented by the area absv (i.e., TVC(Q)- area absv) and total fixed cost at Q₂ units of output is represented by the area vsQ₂0 (ie.. TFC(Qs) - area vsQ,0). total variable cost at Q3 units of output is represented by the area zhQ₂0 (i.e., TVC(Q)area zhQ,0) and…