Total Total TotalProduct Fixed Variable(Blankets) CostCost0A01602526040360I46055560 5566070760100860145AWhat is the numerical value of B?A/What is the numerical value of C?A/TotalCostWhat is the numerical value of D?B85100110G115130160205Average Average AverageVariable TotalFixedCostCostcost-с60302015128.67.5252016.713.8Ꭰ11.714.318.1EThe table describes the short-run daily costs of the Baby Blanket Company.What is the numerical value of A?8536.728.8J21.722.925.6MarginalCostFH15100153045 What is the numerical value of E?A/What is the numerical value of F?A/What is the numerical value of G?AWhat is the numerical value of H?AWhat is the numerical value of I?AWhat is the numerical value of J?A

Total cost is the sum of total fixed cost and total variable cost. Fixed cost is constant throughout…

Total Total Total Product Fixed Variable (Blankets) Cost Cost 0 A 1 2 3 4 5 16 7 8 0 60 25 60 40 60 I 60 55 60 55 60 70 60 100 60 145 A What is the numerical value of B? A What is the numerical value of C? A What is the numerical value of D? Total Cost A/ B 85 100 110 G 115 130 160 205 Average Average Average Fixed Variable Total Cost Cost cost с 60 30 20 15 12 8.6 7.5 25 20 16.7 13.8 D 11.7 14.3 18.1 The table describes the short-run daily costs of the Baby Blanket Company. What is the numerical value of A? E 85 36.7 28.8 J 21.7 22.9 25.6 Marginal Cost F H 15 10 0 15 30 45

Total Total Total Product Fixed Variable (Blankets) Cost Cost 0 A 1 2 3 4 5 16 7 8 0 60 25 60 40 60 I 60 55 60 55 60 70 60 100 60 145 A What is the numerical value of B? A What is the numerical value of C? A What is the numerical value of D? Total Cost A/ B 85 100 110 G 115 130 160 205 Average Average Average Fixed Variable Total Cost Cost cost с 60 30 20 15 12 8.6 7.5 25 20 16.7 13.8 D 11.7 14.3 18.1 The table describes the short-run daily costs of the Baby Blanket Company. What is the numerical value of A? E 85 36.7 28.8 J 21.7 22.9 25.6 Marginal Cost F H 15 10 0 15 30 45

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

19. Table 13-16 Total Cost Fixed Cost Variable Marginal Cost Average Average Average Total Cost Cost Fixed Cost Variable Cost 0. 524 S16 S50 3. St08 4. 540 Refer to Table 13-16. What is thefxed cost of producing O units of output? a. S16 b. S24 c. S12 d. So 20. Refer to Table 13-16 in Question 19 What is the totalcost of oroducing 2 units ooutput? b. 574 css8 21. Refer to Table 13-16 in Question19. What is the marg nal cost of the 4th unit of output? bS136 540 d Sc8
Quantity Labor Total Product Fixed Cost 0 1 2 3 4 Table I Perky Dry Cleaners 0 10 18 24 28 $30 $1.25 $130.00 $5.42 $100 Variable Cost Total Cost 0 100 10 20 30 40 Assuming these values in dollars per hour, what are Perky Dry Cleaners' total cost of producing 24 units?
Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined
• Calculate TC, AC, MC, AVC, AFC, and graphically shows the calculated and given costs. Quantity Fixed Costs S Variable Costs $ 300 1 300 50 300 90 300 120 300 150 300 190 300 240 300 290 8. 300 350 N3 4 56 70
19) Accounting costs and economic costs differ because A) Economic costs include explicit costs and accounting costs do not. B) Accounting costs include explicit costs and economic costs do not. C) Economic costs include implicit costs and accounting costs do not. D) Accounting costs include implicit costs and economic costs do not. anscribed Text C 20) Megan used to work at the local pizzeria for $15,000 per year but quit in order to start her own deli. To buy the necessary equipment, she withdrew $20,000 from her inheritance (which paid 8 percent interest). Last year she paid $25,000 for ingredients and $500 per month rent but had revenue of $50,000. She asked her dad the accountant and her mom the economist to calculate her costs for her. A) Dad says her cost is $31,000 and Mom says her cost is $47,600. B) Dad says her cost is $31,000 and Mom says her cost is $35,000. Dad says her cost is $9,000 and Mom says her cost is $2,400. D) Dad says her cost is $25,000 and Mom says her cost…
. Given the following fixed and variable costs and the volumes, calculate the total andunit costs.
es Output 6 1 2 3 4 5 S 6 17 8 9 Total Cost $ 2,500 3,416 4,040 4.480 4,900 5,220 5,540 6,310 7,328 9,718 2500 Total Variable Cost b. What is the value of total fixed cost? 6 units $ 0 units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 Average Total Cost $ d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? 3410 2020 1493.33 1225 1044 923.33 901.42 915 1078.89 Average Variable Cost $ 910 770 660 600 544 506.67 544 29 6025 801.11 Average Fixed Cost 2500 1250 833.33 625 500 416.67 35713 312.5 27778
2. As an employee of the Rays-R-Us Corporation (a solar panel company), you have been asked to determine the nature of their long-run cost structure. Some cost data has been collected for you and appears in the table below. Quantity of Generators Labor Costs Tools Cost $2 $4 $7 $8 $15 $24 $28 $41 $65 $80 Total Cost Long Run Average Cost $10 12 14 16 20 30 42 1 4 5 8 9 10 70 100 (a) Fill in the missing values in the table. (b) Graph the firm's long-run average cost curve below. (c) Determine the range of output levels over which there exists economies and diseconomies of scale, and mark these ranges on your graph.
1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table.Locations A B C DFixed Costs 60,000 80,000 100,000 130,000Variable Costs/unit30 20 15 10 i. Write an equation to represent the total costs for each location.ii. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis.iii. Over what range of output is location A the most preferred location?iv. Over what range of output is location B the most preferred location?v. Over what range of output is location C the most preferred location?
(J)
Which of the curves in the following graph is the average total cost curve?
Use the following information: Cost Volume $15,000 3,000 $18,000 4,000 $20,000 7,000 The fixed cost element for the firm is a. $11,250 b. $10,250 c. $12,250 d. $11,350