QUESTION 21. Use the table below to Calculate the Specified Values and answer questions:Quantity of meals0Total Variable Cost010200203003048040700501,000Assume there is a $100 Fixed cost for Kitchen AppliancesWhat is Total Cost at a Quantity of 30?OA. 580OB. 120O C. 300OD.480

the Total Cost at a Quantity of 30 meals is $580.Explanation:Let's calculate the specified values…

Answered: QUESTION 2 1. Use the table below to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3) Which of the following is not true about the marginal cost? Oo The marginal cost (MC) curve is U shaped. It can be calculated by dividing the change in the total cost by the change in the output. It is the additional cost incurred by a firm from changing output by a certain amount. It can be calculated by dividing the total cost by the quantity.
10.Which of the following is an example of a fixed cost? A. cost of employees who work overtime B. cost of machinery C. cost of flour at a bakery D. cost of employees who work standard hours
2. As an employee of the Rays-R-Us Corporation (a solar panel company), you have been asked to determine the nature of their long-run cost structure. Some cost data has been collected for you and appears in the table below. Quantity of Generators Labor Costs Tools Cost $2 $4 $7 $8 $15 $24 $28 $41 $65 $80 Total Cost Long Run Average Cost $10 12 14 16 20 30 42 1 4 5 8 9 10 70 100 (a) Fill in the missing values in the table. (b) Graph the firm's long-run average cost curve below. (c) Determine the range of output levels over which there exists economies and diseconomies of scale, and mark these ranges on your graph.
(J)
(b) Calculate the missing total variable cost figure in the table shown below and clearly show your workings. Quantity (units) Total Variable Cost Marginal Cost 13 ?? 27 115 7
Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table. Number of Photocopies Per Month Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $100 1,000 $110 2,000 $125 3,000 $145 4,000 $175 5,000 $215 6,000 $285 a. Fill in the missing numbers in the table, assuming that Margie can charge 6 cents per black-and-white copy. Margie's fixed cost is: $ Variable cost, 0 photocopies/month: $ Variable cost, 1,000 photocopies/month: $ Variable cost, 2,000 photocopies/month: $ Variable cost, 3,000 photocopies/month: $ Variable cost, 4,000 photocopies/month: $…
solution plz
O O Price (dollars) 160 120 8 40 0 2 4 Quantity According to the figure above, the total cost of producing 5 units is $24 $80 $8 $120 $40
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QUESTION 2 1. Use the table below to Calculate the Specified Values and answer questions: Quantity of meals 0 Total Variable Cost 0 10 200 20 300 30 480 40 700 50 1,000 Assume there is a $100 Fixed cost for Kitchen Appliances What is Total Cost at a Quantity of 30? OA. 580 OB. 120 O C. 300 OD.480