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

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what is the average fixed cost of producing 16 units?
Average Fixed Average Average Total Total Product Cost Variable Cost Cost Marginal Cost 1 $ 150.00 $ 25.00 $ 175.00 $ 25.00 2 75.00 23.00 98.00 21.00 50.00 20.00 70.00 14.00 4 37.50 21.00 58.50 24.00 15 30.00 23.00 53.00 31.00 6. 25.00 25.00 50.00 35.00 7 21.43 28.00 49.43 46.01 8 18.75 33.00 51.76 68.07 16.67 39.00 55.67 86.95 10 15.00 48.00 63.00 128.97 The accompanying table gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce
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Your cousin Vinnie owns a painting company with fixed costs of $200 and thefollowing schedule for variable costs:Calculate average fixed cost, average variable cost, and average total cost for eachquantity. What is the efficient scale of the painting company?
6 5 nts eBook Print References Mc Graw Hill Output 0 1 2 3 4 5 6 7 8 9 $ Total Cost $2,500 3,410 4,040 4,480 4,900 5,220 5,540 6,310 7,320 9,710 units variabl Cost $ 0 b. What is the value of total fixed cost? units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost 1 c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ Average Total Cost 1 $ 3410 2020 1493.33 H a 1225 1044 923.33 901.42 915 1078.89 a Average Variable Cost D $ 1 625 500 416.67 35713 312.5 27778
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