• Total revenue $ 500,000• Wages and salaries $ 40,0000• Forgone salary $ 80,000• Interest paid $ 10,000• Forgone rent $ 10,000• Raw materials $ 50,000• Other payments $ 20,000• Forgone interest $ 7,000 ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level.

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A: The objective of the question is to understand the impact of doubling the fixed costs on various…

Q: average total cost and what is the average variable cost I put what I thought the answers could be.

A:

Q: The average cost is $13 and the output produced is 10 units Calculate total cost

A: The average  cost is the cost per unit of output. Total  cost is the total expenditure that keeps on…

Q: If the ATC of 20th unit is $35, then ____. a) the AVC is rising between the 20th and 30th units b)…

A: If the ATC of 20th unit is $35, then

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A: Cost is an economic concept that refers to the amount of resources, typically measured in terms of…

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A: Answer: Given, Total cost (at Q=68) = $4,530 Average variable cost= $23 Fixed cost=Total cost-Total…

Q: d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your…

A: Profit is the excess income earned by the producer which is left after paying off all the expenses…

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A: Total costs include all the costs that a firm incurs when producing a product. Fixed costs are the…

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

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Q: VT Company's breakeven point is 4,000 units. It's product sells for $20 per unit and has a variable…

A: Total cost is a sum of fixed cost and variable cost. Fixed cost does not depend on quantity and…

Q: Calculate explicit cost given:- Accounting profit = $6600 Total revenue= $10,000

A: The data presented in the question above is:- Accounting profit = $6600 Total revenue= $10,000 Using…

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A: The total cost of a firm is all costs that a firm bears whether it is fixed cost or variable cost.…

Q: If average cost is $30 and the output is 15 units. Calculate total cost

A: (Q)If the average cost is $30 and the output is 15 units. Calculate total cost

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A: Average Total CostThe average total cost (ATC) is a key economic metric that represents the average…

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A: The measure that depicts the point total cost is in turn equal to the total revenue is known as the…

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A: Variable cost in economics means to expenses that vary with changes in the level of production or…

Q: true or false Total variable cost is equal to short-run total cost minus total fixed cost

A: Cost is the monetary value incurred in the production process on Factor of production.

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A:

Q: Calculate Total revenue given that accounting profit is $340 and the explicit cost is $600

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

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Q: Average cost is $30 and the total cost is $900 Calculate the output

A: Average cost is the per unit cost of producing an output.

Q: Calculate variable cost if total cost is $400 and fixed cost is $120

A: The given information is as follows:- Total cost = $400  Fixed cost = $120  We need to find the…

Q: The value of average cost is $20 Calculate the value of total cost when the total units are 6 units

A: # The formula for average cost is given as:- Average cost = Total cost / Output

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…

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Q: You inherited your father's concrete company which typically pours slab foundations for single…

A: Variable costs are costs that change as the volume changes.  Fixed Cost: Fixed costs are expenses…