In the short run, the hot dog seller Doug's Dogs has a single variable input, labor (1) W = 50 The price of the labor input is: Doug is a price-taker. The price per case of hot dogs is: P = 100 The total product of labor equation is: TPL = 5L Doug's total fixed costs are: FC = 1000 a. Find the equations of variable cost, total cost, and marginal cost. VC = TC = MC = Find the profit-maximizing output, revenue, cost, and profit. Q* = R*= C* = n*= b.

Q: Total variable cost is 0 at zero level of production True/Falss

A: # Total cost incurred by the firm is the sum of both fixed and variable costs.  Total.fixed cost is…

Q: The average cost is $13 and the output produced is 10 units Calculate total cost

A: The average  cost is the cost per unit of output. Total  cost is the total expenditure that keeps on…

Q: If total cost is $3000 and fixed cost is $1000 Calculate variable cost

A: The data presented in the question above is:- Total cost incurred = $3000 Fixed cost = $1000…

Q: The cost of any activity measured in terms of the vaule of the next best alternative forgone is…

A: When someone chooses any activity and leaves other, the value in terms of cost of the best option…

Q: Total variable Total Average variable Output Average total cost Total Average fixed cost Marginal…

A: Here, different cost functions of a firm is given for different output level.

Q: Total cost is $320 and the fixed cost is $100 Calculate variable cost

A: The data presented in the question about is:- Total cost = $320  Fixed cost = $100 Variable cost is…

Q: Don't use chatgpt

A: The question about "what happened to the $5 production cost" appears to relate to a specific case,…

Q: If explicit cost are $4400 and the accounting profit is $6000  Calculate the value of total revenue

A: Given: Explicit cost=$4400 Accounting profit=$6000  To find: Total revenue

Q: (d) What is the variable cost? ta What is the fixed cost?

A: since the cost of renting tuxes for choral societies formal is $19 down plus $85per tax. so, The…

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

A:

Q: How can we determine the Cost Basis?

A: Calculation of the cost basis of an investment shows the capital gain or loss on it. It indicates…

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: Does accounting cost exclude implicit cost, if not what does it exclude?

A: Implicit costs refer to the opportunity costs of resources that could have been used in alternative…

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: Output quantity Total variable cost Total cost 0 $0 $250 25   450 50 300 X 75 375   100 600 850 125…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…

Q: efficient scale is houses.

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

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: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…

A: Price=$4000 Fixed Cost=$20,000 Variable Cost=$2000   (a) Total Revenue= Price*Quantity TR=4000*Q…

Q: A short production run with frequent adjustments to machines is considered a(n). process of…

A: The inputs such as capital, labour and land are used to produce and output in the market are known…

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: An apparel manufacturing plant has estimated the variable cost to be $21 per unit. Fixed costs are…

A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…