MC P4 ATC P3 AVC P2- P1- AFC Output

Q: What happens if the ATC is above the MR line? Draw what this would look like

A: Average Total Cost (ATC) refers to the average cost of producing each unit of output in the long…

Q: The Night Owl Restaurant generates sales of $1,000,000 a month with variable costs of 35%. The Kobe…

A: Total sales of menu items=20000 Kobe beef burger=10%price=$13cost=30%

Q: Find the total profit of firm if total revenue is $800 and total cost is $480

A: The information being given is:- Total revenue = $800 Total cost = $480 We have to calculate profit

Q: If the ATC of 20th unit is $35, then ____. a) the AVC is rising between the 20th and 30th units b)…

A: If the ATC of 20th unit is $35, then

Q: T/F. It is always sensible to simultaneously produce two related films if it costs less to produce…

A: Economics refers to the study of scarcity and its implications for the use of resources, production…

Q: The difference between TC and TVC falls with increase in output True / False

A: Total cost is given as the sum of Total fixed cost and total variable cost.  TC = TFC + TVC

Q: Fig 2.1 illustrates the law of diminishing returns in seeking the optimum system (or component)…

A: The Law of Diminishing returns refers to the marginal return states that adding an additional factor…

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: In the table below what is the average cost of the 20th unit of output? ( Selected answer will be…

A: Average cost is the cost of production per units.  Total cost is the cost of production of all the…

Q: The following Table is for answering questions 42 to 45 below: Output 6000 TFC TVC Input 1200 TC MC…

A: In the given table, w belongs to the TFC. Fixed cost is constant and it do not vary with the changes…

Q: FIND and graph the TC, AFC, AVC, AC, and MC from the following table. unit FC VC 0 $50 $0 1 $50…

A: The variable costs and fixed costs are given in the table below:Output…

Q: The difference between ATC and AVC decreases with decrease in level of output.

A: Average total cost (ATC) is the ratio of the total cost (TC) and the quantity (Q).  ATC=TCQ Average…

Q: Need now please

A: The answer is - e) None of the answers are right.

Q: Refer to Figure 2. In equilibrium, profits are equal to $0 a. b. C. d. $1300 $1200 $5000

A: A profit-maximizing firm produces at the intersection of MR and MC curves to maximize profit.  i.e.,…

Q: Use Exhibit 2. Which of the following statements is (are) correct? (x) Q2 is the efficient amount of…

A: Cost curves are the graphical depictions of the linkages between the quantity of output (Q) produced…

Q: quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat…

A: Step-by-Step Explanation: 1. What We're Trying to Find Out: We need to know how many repeat…

Q: Output TFC TVC TC MC ATC A 25 25 ------ ------ B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4…

A: The marginal cost is the cost of producing an additional one unit of output. It is calculated by…

Q: Dear expert don't

A: Profit is the difference between total revenue and total cost. If revenue exceeds the cost, it…

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

A: Total revenue is the income earned by a firm by selling all units of a good.

Q: Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A: Answer to the question is as follows :

Q: Number of Consumers Who Try the Product 10 million 10 million Number of Repeat Customers Profit per…

A: Advertisement costs refer to the costs incurred by a firm in spreading awareness about the commodity…

Q: Calculate total profit when total revenue is $9000 and the total cost is $8700

A: # For a firm if you need to calculate the value of total profit then we have to subtract total cost…

Q: CEO of Ganymede company produces goods with 500 customers where the number of customers is equal to…

A: Answer to the two sub parts are as follows :