Type your homework assignments. Show necessaryreasoning and calculations that lead to your answers.1. Consider the following cost information for a pizzeria:Quantity0 dozen pizzas $3001350239034201445054906540a.Total cost Variable CostSO5090120150190240How much is the pizzeria’s fixed cost?b. I) Calculate the marginal cost per dozen pizzas usingthe information on total cost. II) Also, calculate themarginal cost per dozen pizzas using the informationon variable cost. What is the relationship betweenthese sets of numbers? Comment.Quantity Total cost Variable Cost MC (I) MC (II)0 dozen $300 $013505023909034201204450150154901905402402. You are thinking about setting up a lemonade stand. Thestand itself costs $200. The ingredients for each cup oflemonade cost $0.50.a. How much is your fixed cost of doing business? Howmuch is your variable cost per cup? 2. You are thinking about setting up a lemonade stand. Thestand itself costs $200. The ingredients for each cup oflemonade cost $0.50.a. How much is your fixed cost of doing business? Howmuch is your variable cost per cup?b. Construct a table showing your total cost, average totalcost, and marginal cost for output levels varying from0 to 10 gallons. (Hint: There are 16 cups in a gallon)

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Type your homework assignments. Show necessary reasoning and calculations that lead to your answers. 1. Consider the following cost information for a pizzeria: Quantity Total cost Variable Cost 0 dozen pizzas $300 SO 1 350 50 2 390 190 3 420 4 450 5 490 6 540 a. 120 150 190 240 How much is the pizzeria’s fixed cost? b. I) Calculate the marginal cost per dozen pizzas using the information on total cost. II) Also, calculate the marginal cost per dozen pizzas using the information on variable cost. What is the relationship between these sets of numbers? Comment. Quantity Total cost Variable Cost MC (IMC (II) 0 dozen $300 SO 1 350 50 2 390 90 3 420 120 14 450 150 5 490 190 6 540 240

Type your homework assignments. Show necessary reasoning and calculations that lead to your answers. 1. Consider the following cost information for a pizzeria: Quantity Total cost Variable Cost 0 dozen pizzas $300 SO 1 350 50 2 390 190 3 420 4 450 5 490 6 540 a. 120 150 190 240 How much is the pizzeria’s fixed cost? b. I) Calculate the marginal cost per dozen pizzas using the information on total cost. II) Also, calculate the marginal cost per dozen pizzas using the information on variable cost. What is the relationship between these sets of numbers? Comment. Quantity Total cost Variable Cost MC (IMC (II) 0 dozen $300 SO 1 350 50 2 390 90 3 420 120 14 450 150 5 490 190 6 540 240

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Moonbucks has the following cost schedules: Quantity (bottle) Variable Cost (RM) Total Cost (RM) 0 0 100 1 90 190 2 170 270 3 240 340 4 300 400 5 370 470 6 450 550 7 540 640 8 650 750 9 780 880 10 930 1030 Calculate average variable cost, average total cost, and marginal cost for each quantity.
Figure: Short-Run Costs Cost curves (dollars) $200 150 100 50 total cost F: 0 1 2 3 D average total cost average variable cost marginal cost A 4 C Please, look at the above figure, which represents short run costs curves. Curve A represents the curve. B 5 6 7 8 9 10 11 Quantity of output (per day)
Labor (mechanics) 0 1 2 3 4 Output (bikes) 0 20 50 60 64 Total fixed costs (dollars) 220 Alberto's marginal cost of producing the 20th bike is $ [Round your answer to two decimals.] Total variable cost (dollars) 120 Total cost (dollars) The table above gives costs at Alberto's Bike Shop. While Alberto is a bike enthusiast, unfortunately, Alberto's record keeping has been spotty. Each mechanic is paid $120 a day and labor costs are the only variable costs of production. What is the marginal cost of producing the 20th bike?
Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
Section 11.5 The Short-Run and Long-Run Average Total Cost Curves exhibit 1 SRATC for small plant SRATC for medium plant SRATC tor large plant LRATC B $500 $400 Economies of Scale Constant Returns to Saie 1,000 1,200 Quantity of Computers (per day) Notice that the long-run average total cost (LRATC) curve is much flatter than the short-run average total cost (SRATC) curve. This is because firms can be more flexible in the long run-they can choose which short-run cost curve they want to operate along, by choosing their plant scale. But they cannot do this in the short run, during which they are stuck with their existing short-run cost curve. That is, in the short run, the firm operates with the short-run curve it has based on past decisions. However, in the lang run, the firm is able to choose the short-run curve it wants to use. In Exhibit 1 above, explain why the curve between A and B looks different than the curve from A to C. Provide an example of how a firm could opt to follow the…
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the various measure of the cost