QUESTION 17 Farley Farm, a dairy company, has total costs of $15,000 and total variable costs of $2,000. Farley Farm's total fixed costs are $13,000 indeterminate because the firm's output level is not known $17,000 $15,000 QUESTION 18 Capital Cakes, a bakery, has total costs of $17,000 and total fixed costs of $13,000. The bakery's total variable costs are $17,000 $13,000 $21,000 $4,000 QUESTION 19 Krishna Curry, a restaurant, has total fixed costs of $13,000 and total variable costs of $4,000. The restaurant's total costs are $17,000 $4,000 $13,000 $21,000

QUESTION 17 Farley Farm, a dairy company, has total costs of $15,000 and total variable costs of $2,000. Farley Farm's total fixed costs are $13,000 indeterminate because the firm's output level is not known $17,000 $15,000 QUESTION 18 Capital Cakes, a bakery, has total costs of $17,000 and total fixed costs of $13,000. The bakery's total variable costs are $17,000 $13,000 $21,000 $4,000 QUESTION 19 Krishna Curry, a restaurant, has total fixed costs of $13,000 and total variable costs of $4,000. The restaurant's total costs are $17,000 $4,000 $13,000 $21,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Cross-Rates 1€=$1.75, 1$=£1.75 Is there an arbitrage opportunity if €=£1? Yes No
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Revenue and Costs ($) TC P61 Given TFC = $40.00 Q1 = 30.00 Q2 = 40.00 TR P6 P5 Q3 = 50.00 Q4 = 80.00 Q5 = 86.00 P4. P1 = $40.00 P2 = $50.00 P3 = $60.0o P4 = $150.00 P5 = $200.00 P6 = $210.00 P61 = $320.00 P3 P2 P1 Q1 Q2 Q4 Q5 Q3 Exhibit TR-TC Output (Q) Refer to Exhibit TR-TC for a typical competitive firm. At an output level of Q5, the firm's losses is about O $100.00 O $90.00 O $110.00 O $120.00