The accompanying table shows the total daily output for a firm producing specialty cakes and operating with a fixed amount of capital. The cost of labour is $50 per unit per day and the fixed cost of the capital is $1000 per day.E Click the icon to view the table.a. Using the information provided, compute all of the short-run costs for this firm and complete the table. Remember to record the marginal costs between the rows indicating total cost. Complete the third, fourth, and fifth columns of the table.Units of Labour Total Output(per day)100(per day)TFCTVCTCMCAFCAVCАТС$110400$124151100201640251850301910$|351940

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Answered: The accompanying table shows the total…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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© Macmillan Learning The figure depicts the long-run average total cost curve for Magma Motors. If this firm is currently producing 11,000 cars per year, what does it experience if it increases output by 1,000 cars? Figure: Long-Run Average Total Cost Curve for Magma Motors Cost (per car) $5,000 4,000 0 Long-run average total cost $10,000 11,000 12,000 Quantity economies of scope economies of scale minimum efficient scale diseconomies of scale
I need some help with the attached
Use the information in the graph to find the values for the fol- lowing costs at an output level of 500. a. Total fixed cost b. Total variable cost c. Total cost d. Marginal cost
just answer number 4
Use Excel to show formulas used Amazing is evaluating three locations for a second headquarters. Costs for construction at location A are $18,900,000, Location B are $21,700,000 and Location C are $23,300,000. Variable costs for Location A are $16, Location B are $14 and Location C are $12. The company plans to sell products for $27. Create a cost-volume graph that shows cost lines for all three options through 2,000,000 units.
The following table represents the short-run total cost schedule of a bottled water manufacturer. Study the table below and then answer the question. When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is: Labour (workers per day) Output (bottles of mineral Total cost (R) water per day 0 0 400 1 30 700 2 80 1000 3 120 1300 4 140 1 600 5 150 1900 a) R5 b) R6 이이 c) R12,50 d) R20
Explain the shapes of the marginal and average cost curves of a firm. Use a diagram to support your answer.
The Cooper Company has the following information on costs. Quantity Fixed Cost Variable Cost 3 200 10 4 200 20 5 200 30 Calculate the average variable cost of producing 5 units. Round your answer to two decimal places if necessary.
Read the question and given information carefully. Show all necessary steps and reasoning that lead to the answers. You nead to draw graphs. a-Define diseconomies of scale and draw the long run average cost curve of a company that demonstrates diseconomies of scale b-List 2 reasons of diseconomies of scale and (in no more than 50 words for each reason) explain how each reason can contribute to diseconomies of scale
the various measure of the cost
4.a) Consider the following table for a wheat farmer in long run: Q (wheat) 12 345 6 7 VC (in TK) 20 30 60 120 240 500 700 Calculate ATC for each unit. Then find out minimum efficient scale. b)What are the relationships between ATC and MC? Explain it with a relevant graph.
Question 1A. Jamaica Biscuit Company produces 8000 cases of water crackers weekly. Based onthe company’s production costs throughout the years, they figure that it will cost them$40.00 to make a case of water cracker. There will also be a cost for running theequipment for an entire week that they figure to be $5400, regardless of how many casesof water crackers they make.i. Derive the cost function for the company for a week. ii. What is the company’s total cost for a week? iii. If the company decides to sell its 8000 cases of water crackers for $70 each. Derivethe company’s revenue function and then calculate its total revenue for the week?iv. Derive the company’s profit function. v. What is the company’s profit or loss for a week? vi. How many cases of crackers must be sold for the company to make a profit of $747, 600? vii. At what point does the company break-even?

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