L(workers)01234567Q(units)090210320420510590660MPL(units)FC(S)greater thanless thanequal tonot enough informationVCTC AFC AVCATCMC(S) (S) (S) (S) (S)The average fixed cost of producing 590 gadgets is _____ the average fixed cost ofproducing 510 gadgets. L(workers)012AWN34567Q(units)090210320420510590660MPL FC(units) (S)VCO greater thanO less thanequal tonot enough informationTC(S)AFC(S)AVC ATC MC(S) (S) (S)The average total cost of producing 590 gadgets is _____ the average total cost ofproducing 510 gadgets.

Cost refers to the value of money that a business had to expend to manufacture its goods or…

L (workers) 0 1 2 3 4 5 6 7 Q (units) 0 90 210 320 420 510 590 660 MPL FC (units) (S) greater than less than equal to VC TC AFC ($) ($) AVC ATC MC (S) (S) (S) ($) The average fixed cost of producing 590 gadgets is the average fixed cost of producing 510 gadgets.

L (workers) 0 1 2 3 4 5 6 7 Q (units) 0 90 210 320 420 510 590 660 MPL FC (units) (S) greater than less than equal to VC TC AFC ($) ($) AVC ATC MC (S) (S) (S) ($) The average fixed cost of producing 590 gadgets is the average fixed cost of producing 510 gadgets.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If explicit cost are $4400 and the accounting profit is $6000 Calculate the value of total revenue
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Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.
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1,200 B TC 1,000 850 700 TVC A 500 2 3 Number of microwave ovens 6. Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are: 500 Cost in dollars
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only d,e,f please