The ABC Manufacturing Company incurs an annual fixed cost of $100,000 to maintain its production facilities. Additionally, the variable cost per unit produced is $10. If the company produces and sells 5,000 units in a year, what is the total annual cost?

Q: Find total fixed cost if total cost is $2000 and the total variable cost is $1500

A: The given information is as follows:- Total cost = $2000 Total variable cost = $1500 The formula for…

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: Which of the following is the best example of a variable cost? O annual insurance payments for a…

A: The production of the various goods and services involves the cost of production. The cost of…

Q: Find the Average Fixed cost if the Total Fixed cost is 500 and the total number of unit made is 10?

A: Calculate the Average Fixed Cost (AFC) when the Total Fixed Cost (TFC) is $500 and the total number…

Q: The average total cost of producing electronic calculators in a factory is $26 at the current output…

A: Average total cost is the total of all production costs divided by the amount of output produced. It…

Q: Cost functions are derived from

A: # Cost function is a representation which helps in predicting the cost of good or service with…

Q: If the total fixed cost is given as $320 And the total variable cost is given as $ 480 What would be…

A:

Q: The total cost C for a manufacturer during a given time period is a function of the number N of…

A: Slope = 20Initial Value = $1020Formula Total Cost = Fixed Cost + Variable Cost

Q: Find variable cost if total cost and total fixed cost are $440 and $80 respectively

A: The information being given is:- Total cost = $440  Total Fixed cost = $80 We have to calculate…

Q: 2. Which of the following gives the lowest effective rate? A. 12.35% compounded annually B. 11.9%…

A: Effective annual interest rate formula: reff = (1 + r /n)n - 1 Where refff is an effective interest…

Q: Find the total cost if the fixed cost are 1349 and the variable cost are 533.

A: Fixed cost=1349 Variable cost=533

Q: Cincinnati Pizza produced and sold 1,500 pizzas last month and had total variable ingredient costs…

A: The process of conversion of inputs being used into output that is used for consumption by…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the daily marginal cost…

A: Given, Marginal cost (MC) = 4x+150 Fixed cost (FC) = $600 Here MC = dCdX

Q: If fixed cost is half the value of variable cost and variable cost is $2200 Find total cost

A: The data presented in the question is as follows:- Variable cost = $2200 Fixed cost is half of…

Q: What will be the average fixed cost if TFC Is $350 and the output is 50 units

A: Fixed cost is the cost that remains fixed at all levels of output. This is the cost that is…

Q: For the long- run total cost function LTC (Q) = Q2 + 10 Sketch ATC, AVC, AFC, and MC.

A: Firm theory investigates the arrangement, composition, and conduct of businesses within economic…

Q: Find average cost if output produced is 24 units and the total cost is $8700

A: The data presented in the question above is:- Output produced by firm = 24 units  Total cost = $8700…

Q: Calculate total cost if fixed cost is $100 and the variable cost is $210

A: According to the above given question the values given to us are:- Fixed cost of the firm = $100…

Q: Derive (Mathematically and graphically) the cost minimization condition.

A: Let’s assume the following in order to derive the cost minimization conditions.

Q: For the following problem, what would be the objective function that aims at minimizing the total…

A: Given,

Q: Assume that it costs a company approximately C(x) = 400,000 + 160x + 0.003x² dollars to manufacture…

A: Marginal cost is defined as the change in total production resulting from producing an extra unit of…

Q: What is the estimated cost of a factory with 30,000 sq. ft. of workspace if it costs $0.71 million…

A: area = 30,00- sq ft cost = 0.71M to produce 50,000 sq ft

Q: If the Total variable cost is 60units and the given quantity is 3 Find the average variable cost

A: