Assume that Peter's short run Total Cost Curve is TC = 20,000q- 200q +q°.%3DSketch the shapes of the AFC and AVC curves (NOTE: you do not need theexact fixed vs. variable cost information.) For quantities of 50, 100, and 150,which of the following two is likely to be largest: ATC or AVC?F T--LJ---L---- 1 -1.L-- - --L.IIIIIIII-LJ-J-L-IIII1-----+-+ -3D%3D---ת- ד- דדוTד - רדו-1-L--J-1 -1-L.-1 L-E-LJ-J-1.IIII--1-1-L--J- 1 -1-L-- --L-E-LJ-J-1-IIII+-+---- -+ -+----- 1-+ --I-4-4-LL- -Lr-ר -ר

Total cost (TC) in the easiest terms is all the costs ourred in manufacturing something or engaging…

es of the AFC and AVC curves 1OTE: you do not r ariable cost information.) For quantities of 50, 100 owing two is likely to be largest: ATC or AVC? L. II III L-- -LJ-J-. --4. יד-ר - -LJ-J-L. -+-- 4. IIII ---1-L -- +-4 T --1--L

es of the AFC and AVC curves 1OTE: you do not r ariable cost information.) For quantities of 50, 100 owing two is likely to be largest: ATC or AVC? L. II III L-- -LJ-J-. --4. יד-ר - -LJ-J-L. -+-- 4. IIII ---1-L -- +-4 T --1--L

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

Assume that Peter's short run Total Cost Curve is TC = 20,000q- 200q +q°.
%3D
Sketch the shapes of the AFC and AVC curves (NOTE: you do not need the
exact fixed vs. variable cost information.) For quantities of 50, 100, and 150,
which of the following two is likely to be largest: ATC or AVC?
F T-
-LJ---L---- 1 -1.L-- - --L.
IIII
IIII
-LJ-J-L-
IIII
1---
--+-+ -
3D
%3D
---
ת- ד- דדוT
ד - רדו
-1-L--J-1 -1-L.
-1 L-E-LJ-J-1.
IIII
--1-1-L--J- 1 -1-L-- --L-E-LJ-J-1-
IIII
+-+---- -+ -+---
-- 1-+ -
-I-4-4
-LL- -L
r-ר -ר

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Q Total Cost ATC AFC MC 0 10 - - - 10 12 12/10=1.2 10/10=1 12-10/10-0=0.2 20 16 16/20=0.8 10/20=0.5 16-12/20-10=0.4 30 26 26/30=0.867 10/30=0.333 26-16/30-20=1 40 38 38/40=0.95 10/40=0.25 38-26/40-30=1.2 50 75 75/50=1.2 10/50=0.2 75-38/50-40=3.7 60 120 120/60=2 10/60=0.167 120-75/60-50=4.5 If the market price is $1.00 then what output or q (in the units of 10) is the most profitable production level?
I only need help with the last three
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plz solve it within 30-40 mins I'll upvote your answer
Question 19 What is the marginal cost of the fourth unit? Q 1 FC VC 50 50 2 3 4 50 588 60 ○ 70 ○ 80 O O O TC MC AFC AVC ATC 60 120 60 500
2. A local company assembling stereo cassettes produces 300 units per month at a cost of P 800 per unit. Each stereo radio cassette sells for P 1,200. If the firm makes a profit of 10% on its 1,000 shares with a par value of P 200 per share, and the fixed costs are P 20 million per month. (a) What is the break-even point? (b) How must is the loss or profit if only 100 units are produced in a given month? Answer: [(a) 50 units per month; (b) P 3,300 per month]