If the average variable cost is OMR 74 and total fixed cost is OMR 100 at 5 units of output, then find average total cost at this output level. Define fixed costs.

Q: Suppose a company sells a product for $50 per unit. The variable cost per unit is $20 and the…

A: The break-even point in business is the point at which total cost (including fixed and variable…

Q: Calculate the value of variable cost for the when the fixed cost is $22 and the total cost is given…

A: We know that the total cost of the firm is given as :- Total fixed cost which remains same…

Q: 0 Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…

A: The economic cost is different from the accounting cost. Economics cost involves implicit costs like…

Q: Consider the following cost function. a. Find the average cost and marginal cost functions. b.…

A: We are given the total cost function which depends on the quantity whose range is also given. And…

Q: When a firm produces 600 widgets with total cost of $1,300 and fixed cost of $800, what is the…

A: The variable cost per unit is the average variable cost.To calculate the average variable cost,…

Q: For a cost function C = 100 - 100 - 02 the average variable cost of producing 20 units of outout is

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: A company's cost function is given as:  TC=25+30Q+0.2Q^2   What is the equation for the company's…

A: In the short run, a firm incurs two types of cost: fixed cost and variable cost. Fixed cost (FC):…

Q: The fixed cost of a firm is $4000 and variable cost is $2000 what would be the total cost of the…

A: The total cost of a firm is all costs that a firm bears whether it is fixed cost or variable cost.…

Q: What is the relationship between average variable cost and total variable cost? a) They are always…

A: To understand the connection between average variable cost (AVC) and total variable cost (TVC), it's…

Q: If the average variable cost is $23 and the average fixed cost is $12, what is the average cost

A: The quantity of labor and capital a corporation uses to produce its output determines the cost of…

Q: Diseconomies of scale exists over the range of output for which the long run average cost curve is?

A: Diseconomies of scale exists over the range of output for which the long run average cost curve is…

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: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Given, Marginal cost (MC) = 4x+150 Fixed cost (FC) = $600 Here MC = dCdX

Q: What is total fixed cost when output is 2, fixed cost is 25, and average cost is 30

A: Fixed cost are such cost that do not vary with the level of output i.e it remains constant at every…

Q: Find fixed cost if output is 20 units and AFC is $21

A: Given information, Total output= 20 units Average fixed cost (AFC)= $21 To find: fixed cost

Q: For the cost function CQ) = 100 - 20 - 30, the total variable cost of producing 2 units of output is

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: TC = 81 + 16Q + 3Q2 What is the average variable cost when 10 units are produced?

A: Total cost is sum of fixed cost and variable cost. Fixed cost is the cost which is not dependent on…

Q: The Jones Company has the following cost schedule:   Output Total Cost (Units) (OMR)     0…

A: Table Output(1) TC(2) MC(3) FC(4) AFC(5) VC(6) ATC(7) AVC(8) 0 3000 -…

Q: TC = 217 + 55Q + 4Q2 What is the average variable cost when 10 units are produced? Enter as a valu

A:

Q: A manufacturing company is currently producing 1,000 units of a product at a total cost of $10,000.…

A: Economies of scale refer to the cost advantage that companies experience when they increase their…

Q: The Mexican company generates a production per unit of time, each unit has a fixed cost of $40.00.…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: The total fixed cost, total variable cost, and total cost curves are shown for a company that…

A: Average Total Cost is given as:  = Total Cost / Quantity

Q: efficient scale is houses.

A: Efficient scale is the scale at which firm can produce its output at minimum average cost.…

Q: When Ajax Co. produced 3 units of output per week, its total fixed cost was $100 and total variable…

A: Total cost (TC) is the overall expense incurred by the firm in producing its goods or services. It…

Q: If the average variable cost is $2.00 and the average total cost is $8.00 and the marginal cost is…

A: Answer: Note: I am considering that average variable cost, not average available cost as you have…

Q: If variable costs for a firm is $660, the average total cost is $8, and the firm sells 120 units,…

A: Variable cost as the name suggests changes with respect to the output produced. For example- the…

Q: Find the cost function for the marginal cost and fixed cost. C = Marginal Cost Fixed Cost (x = 0) dC…

A: The marginal cost function is given below:The fixed cost of production (at x =0),  is…

Q: Labor Quantity Fixed Cost 1 2 3 4 5 6 16 40 60 72 80 84 $160 $160 $160 $160 $160 $160 Different…

A: Economic costs involve not just the accounting costs but also the opportunity cost of making one…

Q: TC = 177 +30Q + 2Q² What is the average variable cost when 9 units are produced? Enter as a value.

A: TC = 177 + 30Q + 2Q2 Since Total cost = Total variable cost + Total fixed cost Total Fixed cost is…

Q: For the cost function C(Q) = 158 + 2Q + 2Q2, what is the average variable cost of producing 3 units…

A: The total variable cost (TVC) per unit of output (Q) produced is termed ‘average variable cost’. It…

Q: Assume that it costs a company approximately C(x) = 400,000 + 160x + 0.003x² dollars to manufacture…

A: Marginal cost is defined as the change in total production resulting from producing an extra unit of…

Q: TC = 75 +22Q + 2Q² What is the average variable cost when 15 units are produced? Enter as a value.

A: Given, TC = 75 + 22Q + 2Q2 Units produced(Q) = 15 units

Q: Find average variable cost given:- Total variable cost is $490 and the output is 30 units

A: The data presented in the question above is:- Total variable cost = $490  Output = 30 units  Average…

Q: When the level of production is 7 units, the total cost is $ 56. Then the average variable cost is…

A: Production is important for any business. Four factors of production are required for the…

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: For the given cost function C(x) = 78400 + 200x + x², First, find the average cost function. Use it…

A: Average cost is the per unit cost of production  Average cost = C/Q  Where C is the total cost  Q is…

Q: Assume that the operation has the cost function Cia) = 200 - 30 - 80 40 and the marginal cost…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Graph the average total cost by plotting for three points only, Q = 1, Q = 5, Q = 14. The graph…

A: Total cost is the cost of producing total no. of goods.  Total cost includes variable cost and fixed…

Q: A small business produces and sells balls. The fixed costs are $20 and each ball costs $2.92 to…

A: Given information: The firm sells balls.  The fixed cost is $20 and each ball cost $2.92 to produce.…