The table below describes the cost functions for a food manufacturer.Fixed Variable TotalCostAvg.TotalCostAvg.FixedCostAvg.VariableCostTotalMarginalCostoutput CostCost10090170123.434010085a. Fill in the blanks in the table.b. Identify the level of output at which this firm reaches its efficient scale and explainhow you reach that conclusion.

Cost Formulas: 1. Total Cost = Fixed Cost + Variable Cost 2. Average Total Cost = Total Cost /…

table bélow describes the cost functions for a food manufacturer. Fixed Variable Total Cost Avg. Total Avg. Fixed Cost Avg. Variable Cost Total Marginal Cost output Cost Cost Cost 100 90 170 3. 4. 5. 340 100 85 a. Fill in the blanks in the table. b. Identify the level of output at which this firm reaches its efficient scale and explain how you reach that conclusion.

table bélow describes the cost functions for a food manufacturer. Fixed Variable Total Cost Avg. Total Avg. Fixed Cost Avg. Variable Cost Total Marginal Cost output Cost Cost Cost 100 90 170 3. 4. 5. 340 100 85 a. Fill in the blanks in the table. b. Identify the level of output at which this firm reaches its efficient scale and explain how you reach that conclusion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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just answer number 4
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3. XYZ corporation produces widgets. Its short-run marginal cost curve is given by MC (q) = 10 – 5q + q² (this is a parabola whose minimum occurs at q = 2.5). XYZ's fixed costs are 10. In a two panel diagrams, graph the following cost curves: (a) total cost, (b) total variable cost, (c) total fixed cost, (d) marginal cost, (e) average variable cost, and (f) average total cost. Your diagrams do not need to be scale, but must be internally consistent (i.e. the relationships between different curves must be correct). You do not need to find mathematical expressions for the other cost curves – you only need to sketch lines that are consistent with the shape of the marginal cost curve.
I DO NOT NEED THE TABLE INSTEAD I NEED THE ANSWERS TO THE QUESTIONS BELOW Quantity of Output Total Variable Cost Total Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 1 $20 2 $35 3 $45 4 $60 5 $80 6 $105 7 $140 8 $185 9 $250 10 $340 Imagine yourself running a pizza restaurant over a short term horizon. Think about the following potential changes in your costs. For each, try to discern which would affect your fixed costs from those that are variable costs. Specifically, how would each scenario shift your Average Variable Cost, Marginal Cost, and Average Total Cost curves? Explain your answers. The wages of hourly workers increase The cost of cheese increases The rent on the building housing your restaurant increases The price of gasoline (for pizza delivery) decreases
36 Total Total Average Average Output Fixed Variable Total Variable Total Marginal (Q) Cost Cost Cost Cost Cost Cost I of 150 $500 $400 $900 $2.67 200 $500 $800 $1,300 $6.50 The table above shows costs for a firm. When Output (Q) changes from 150 to 200, Marginal Cost (MC) is equal to: Select one: a. $400 b. $8.00 c. $4.00 d. $5.00
Please help with the missing Blanks I am lost on how to calculate please show how to calculate . thank you in advance
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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: $…
The table shows the total product schedule of a firm that uses 1 sewing machine. The firm rents the sewing machine for $25 a day and pays its workers $30 a day. Labor (workers per day) Output (pairs of jeans per day) What is the average variable cost of producing 17 pairs of jeans? 0. The average variable cost of producing 17 pairs of jeans is 1 4. S口 11 3. 17 >>> Answer to 2 decimal places. 4. 20 21
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The Wacky Widget company has total fixed costs of $100,000 per year. The firm's average variable cost is $5 for 10,000 widgets. At that level of output, the firm's average total costs equal a. $100 b. $150 c. $15 d. $10
Average cost (cents per copy) 9 10 2 單選: 0 a. 3.7 b. 5 c. 4000 - d. 4 e. 16 f. 8.5 g. 16000 ATC₁ 2 What is Dustin's long-run average cost if the output is 3,000 copies per day? 6 8 10 Quantity (thousands of copies per day) ATC2 ATC3 ATCA 4