cost function

Q: Total fixed cost is $300 and total variable cost is $700 Calculate total cost

A: The given information is as follows:- Total fixed cost = $300 Total variable cost = $700 We have to…

Q: In the short run, the hot dog seller Doug's Dogs has a single variable input, labor (1) W = 50 The…

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Q: 7. What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: When someone makes a deposit, they are paying a bank or other institution a set amount of money for…

Q: (4) Suppose a firm has a production function given by y = f(r1,x2) = 2x9.25 25. Input prices are wi…

A: We have given the Cobb Douglas production function which produces well-behaved isoquants therefore…

Q: Marginal and Total Costs Quantity Total Marginal (Q) Cost Cost (TC) (MC) 0 15 1 25 2 70 30 3 4 40 5…

A: Total cost refers to the cost of production a firm incurs at different levels of output.Marginal…

Q: average total cost and what is the average variable cost I put what I thought the answers could be.

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Q: Give correct typing answer with explanation

A: Part 1: AnswerIn the absence of a specific image or figure, I'll describe a general approach to…

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: A company is considering replacing an old machine with a new machine that will cost $75,000. It will…

A: Based on the present worth analysis, a machine is economically justified if it has a larger present…

Q: In the following table, indicate how each cost and curve is affected, if at all. Cost Effect on Cost…

A: Variable cost is the cost that changes with the quantity of good produced. Fixed cost are the costs…

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: 8-9. A recent college graduate has received the annual salaries shown in the following table over…

A: In economics the consumer price index (CPI) helps the economists to measure inflation. It determines…

Q: Calculate the value of total cost if fixed cost is $10 and variable cost is $22

A: The Given information is follows:- Fixed cost of firm = $10 Variable cost = $22 We have to find…

Q: Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for…

A: Fixed cost does not depend on quantity produced. It remains fixed. Variable cost increases with…

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: Two projects (A & B) are under consideration for landscaping improvements at a small company's…

A: The initial cost of Project A is 15000 and the initial cost of Project B is 12000 so incremental…

Q: What are the fixed and variable cost?

A: Fixed costs are that cost which remains same and incur even when there is no production.  Variable…

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: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $140 for a…

A: It is the difference between cost price and the selling price of product. The markup is the amount…

Q: What is the average time per unit required to complete the first 3 units of a production process if…

A: Time for first hour=100 hours Slope parameter=85% Tn=T1*nb

Q: e) Do any of these three friends violate the property of "more is better" for junior mints? Or do…

A: Marginal utility:Marginal utility is the additional unit that is added to the total utility. It is…

Q: The value of average cost is 55 and the quantity is 5 units. Calculate the total cost.

A: # The formula for total cost is :- = Average cost * Quantity This is because average cost is the…

Q: Surplus A perfectly competitive firm has this short run total cost equation: STC = 4q2 + 81 a. Find…

A: Cost of production is the monetary value incurred on factors of production . There are two types of…

Q: Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per…

A: Total cost per unit if production is 100 units per week = $70 Total cost of 100 units per week =…

Q: Project A and Project B are mutually exclusive. Their cash flow diagrams are shown below. Use…

A: MARR=18% Therefore the interest rate for present worth analysis is i=0.18 or 18%.Since there is no…

Q: a) Using the line drawing tool, add the total cost graph for Stan to produce the assembly instead of…

A: In economics, the concept of total cost refers to the sum of all costs incurred in producing a…

Q: 8-6. Annual expenses for two alternatives have been estimated on different bases as follows: End of…

A: Negative cash flow is when your business has greater outgoing than incoming cash. You cannot cover…

Q: swered Costs per Unit (dollars) 1000 900 800 700 600 500 400 300 200 100 0 4 Average total cost B…

A: In perfect competition, There exists a large number of buyers and sellers. The firm will produce…

Q: out the following cost chart. Round to the nearest tenth.

A: Every production unit incurs certain amount of costs for production. They have to buy raw materials,…

Q: On which factors does total cost for heating or air conditioning a building depends?

A: The sum of all the costs of producing a certain level of output incurred by a company is known as…

Q: How does the best price change as the unit variable cost changes?

A: A variable cost could be a corporate expense that changes in proportion to production output.…

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: What does the Cost basis generally include?

A: In engineering economics, the cost basis of an asset represents the total cost of an asset that…

Q: The value of total fixed cost is $55, total cost is $420 Calculate the total variable cost

A: The given information is :- Total fixed cost = TFC = $55 This always remains same.  Total cost of…

Q: Output Total Fixed Cost (TFC) Total Variable Cost (TVC) Total Cost (TC) Average Fixed Cost (AFC)…

A: Total cost is the sum of fixed cost and variable cost.=> TC = FC + VC Fixed cost is the cost that…

Q: The value of average cost is $20 Calculate the value of total cost when the total units are 6 units

A: # The formula for average cost is given as:- Average cost = Total cost / Output

Q: What are their implications for cost and return?

A: The method of directing capital among savers to organizations that require it is known as finance.

Q: Which average cost curves are U-shaped?

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Q: The diagram to the right displays short-run cost curves for a facility that produces liquid crystal…

A: Average cost refers to total cost per unit of output. It is calculated as total cost divided by…

Q: how do you know the total variable is 50 when finding the total fixed cost

A: TC = AC * Q ------------------- MC is a change in TC due to changing quantity by one unit.  MCn =…

Q: Fixed Cost Marginal Cost per item Item Sells For $600 $13 $35 Find the following. (a) the cost…

A: The fixed cost is $600. The marginal cost per item is $13. The item sells for $35.…

Q: When marginal cost equals average variable cost, average variable costiv (Click for List) falling…

A: Average variable cost is per unit variable cost on the other marginal cost is an additional cost…

Q: Assume that the diagram that follows depicts aggregate supply and demand conditions in an economy.…

A: (a) Equilibrium level of output is the one where the Aggregate Demand (AD) is equal to the Aggregate…