If the number of miles for a delivery is 5 & the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals?

Q: Calculate the value of total cost if average cost is $42 and total units is 5

A: In the above given question, we are given with the values of average cost and total units as:-…

Q: Define the term semi-variable costs?

A: The costs incurred by a producing agent in the procurement of factor inputs for the production of a…

Q: If total cost is $100 and output is 13 units  Calculate the value of average cost

A: The given information is as follows:- Total cost of the firm = $100 Output = 13 units  We need to…

Q: Find total cost if fixed cost and variable cost are $300 and $100 respectively

A: The data presented in the question above is:- Fixed cost of firm = $300 Variable cost of firm = $100…

Q: Calculate explicit cost given:- Accounting profit = $6600 Total revenue= $10,000

A: The data presented in the question above is:- Accounting profit = $6600 Total revenue= $10,000 Using…

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: True or False Total cost can increase as a result of an increase in variable cost.

A: Total cost It refers to all of the costs and expenses incurred throughout the manufacturing process.…

Q: Calculate average cost when total cost is $100,000 and output is 74 units

A: We are given that:- Total cost incurred by the firm = $100,000  Total output = 74 units

Q: Find the average fixed cost when the total fixed cost is 156 and the number of quantity is 12 units?

A:

Q: If fixed cost is half the value of variable cost and variable cost is $2200 Find total cost

A: The data presented in the question is as follows:- Variable cost = $2200 Fixed cost is half of…

Q: If total cost is $600 and output is 10 units Calculate average cost

A: According to the above mentioned question, we have:- Total cost= $600 Output = 10 units  Average…

Q: If in an economy the fixed cost is $212 and the variable cost or $644 what are the total cost?

A:

Q: Calculate the total cost if average total cost is $35 and the unit of output is 22 units

A: The Given information is as follows:- Average total cost of the firm = $35 Units of output = 22…

Q: The total cost (in dollars) of producing x food processors is C(x) = 1600 + 40x-0.1x². (A) Find the…

A: Business economics entails making judgments and allocating resources in complex market situations.…

Q: FC VC TC MC AFC AVC ATC 160 65 3 10 20 4 55

A: We know, AFC (average fixed cost) = TFC/Q where TFC = Total fixed cost Q = output

Q: Find total cost if average cost is $31 and the output is 60 units

A: The data presented in the question above is:- Total cost is to be calculated using information given…

Q: Calculate the value of total cost if variable cost is $320 and fixed cost is $110

A: The given information is as follows:- Total variable cost = $320 Fixed cost = $110 We have to…

Q: Find average cost if output produced is 24 units and the total cost is $8700

A: The data presented in the question above is:- Output produced by firm = 24 units  Total cost = $8700…

Q: If total cost is $370 Find the value of total fixed cost if total variable cost is $210

A: According to the above given question, the values given are:- Total cost = $370 Total fixed cost = ?…

Q: Calculate variable cost if total cost is $400 and fixed cost is $120

A: The given information is as follows:- Total cost = $400  Fixed cost = $120  We need to find the…

Q: TC 400+ 150Q -3Q2 +0.02Q3 400 Based on this equation, find total fixed cost calculate total fix cost

A: The cost is defined as the expenditure that a firm or business has to bear on producing a good or…

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: Calculate total cost if fixed cost is $100 and the variable cost is $210

A: According to the above given question the values given to us are:- Fixed cost of the firm = $100…

Q: Derive (Mathematically and graphically) the cost minimization condition.

A: Let’s assume the following in order to derive the cost minimization conditions.

Q: If the Total variable cost is 60units and the given quantity is 3 Find the average variable cost

A:

Q: Big Boss Company produces 125 units of outputat a total cost of $2453. The marignal cost of the…

A: Total cost is the cost incurred in the production of a unit of output. Marginal cost (MC) is the…

Q: A heavy equipment manufacturing company has produced its first unit using 3500 hours and $300,000…

A: Production costs can include a variety of expenses, such as labor, raw materials, consumable…