Scale economies are said to be present when

Q: Total fixed cost is $300 and total variable cost is $700 Calculate total cost

A: The given information is as follows:- Total fixed cost = $300 Total variable cost = $700 We have to…

Q: Calculate average cost when total cost is 300 and quantity is 15

A: # The average of the total cost which we spend on a single good is given by the average cost.…

Q: Economies to scale refer to

A: Companies benefit from economies of scale as manufacturing gets more efficient.Economies of scale…

Q: Find total cost if fixed cost and variable cost are $300 and $100 respectively

A: The data presented in the question above is:- Fixed cost of firm = $300 Variable cost of firm = $100…

Q: Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for…

A: Fixed cost does not depend on quantity produced. It remains fixed. Variable cost increases with…

Q: If average fixed cost is $30  Calculate total fixed cost if output is 30 units

A: According to the above question, the values given are:- Average fixed cost = $30 Output = 30 units…

Q: The most likely explanation for economies of scale is

A: Economies of scale refer to the cost advantages that a business obtains due to expansion. It's the…

Q: Find the average fixed cost when the total fixed cost is 156 and the number of quantity is 12 units?

A:

Q: Identify a fixed cost

A: A fixed cost is referred to as the cost which would not change due to an increase or decrease in the…

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: Total cost is 1200.output is 20.fixed cost is 1000.what is variable cost?

A: The concept of total cost is used in practically all business units. The main advantage of using the…

Q: The Firms average total cost is  $60 its average variable cost is  $30 and its total fixed cost is…

A: Output: It refers to the quantity that a company is producing goods and services within a limited…

Q: efficient scale is houses.

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

Q: You can think of the result in any one game as being Frances's marginal free-throw percentage. Based…

A: The performance of Frances a skilled basketball player has been evaluated below using the concept of…

Q: The diagram to the right displays short-run cost curves for a facility that produces liquid crystal…

A: Average cost refers to total cost per unit of output. It is calculated as total cost divided by…

Q: Calculate average fixed cost if total fixed cost is $700 and output is 15 units

A: Given information is as follows:- Total fixed cost = $700 Output = 15 units  The formula for average…

Q: $90 S (MC) 70 Price Per Pair B 50 E 30 10 D (MB) 500 1,000 Pairs of Shoes 200

A: Equilibrium is occurring at price 50 with a corresponding quantity of 500 shoes.

Q: 1. A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which…

A: If the farmer harvests his soybean crop, he will get 1,000 bushels which he can sell for a price of…

Q: Tong ruh, keep outpu Iikely do Shift to operate on ATC2 Shift to operate on ATC3 Shut down Stay on…

A: The above given cases are analyzed as follows:

Q: Calculate the value of average cost when total cost is 600 and quantity is 15

A: # Given the total cost we can easily calculate the value of average cost as it is simply the average…

Q: Compare and contrast economies of scale and economies of scope. Give an example of each from your…

A: Introduction Economies of scale: Economies of scale occur when the quantity of goods increases and…