Suppose that a small family farm sold its output for $100,000 in a given year. The family spent $25,000 on fuel, $40,000 on seed, fertilizer, and pesticides, and $25,000 on equipment, including maintenance. The family members could have earned $20,000 working at other occupations What is the accounting profit for the family farm?

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A: Total fixed cost (TFC) is that cost which does not change with a change in the level of output.…

Q: # Units Produced Total Revenue Total Costs 1 100 50 180 110 3 250 180 4 290 270 310 380 2. 5.

A:

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A: Average total cost = Total cost/ Output.

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A: Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

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A: TC = FC + VC VC = TC - FC MC = (TC2 - TC1)/(Q2 - Q1) AVC = VC / Q ATC = TC / Q

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Q: out the following cost chart. Round to the nearest tenth.

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A: Since you have asked multiple questions, we would answer the first question for you. If you need the…

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A: The average product (AP) is the total output or production in units divided by the total input used…

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A: ** SOLUTION :-  Based on the given information the answer is provided as below.

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A: * SOLUTION :-  By using the formulas we write the table  AFC=FC/Q AVC=VC/Q ATC=AFC+AVC

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A: Total cost refers to the total expenditure incurred by a person in producing a good or providing a…